“Machine learning is the answer to the financial inclusion problem.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to cash-strapped consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
New data shows that rising home prices are translating into mortgage loan debt not seen since the housing crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
U.S. banks are seeing a surge in the number of loans being taken out by corporate America, with new data showing the biggest increase since the 2016 election. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Bank of America has announced the launch of its Digital Mortgage Experience, which aims to guide clients through the mortgage process via the bank’s mobile banking and online platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Back in the olden days – circa 1950 and before – a customer who wanted a loan would walk into a bank and sit across a desk from a man in a blue suit with a red tie. It was, says ZestFinance founder and CEO...
Just as SAT scores don’t convey everything about a student, FICO scores don’t convey everything about a loan applicant. They can be one valuable piece of information, but when banks rely solely on scores from the credit bureau to decide which businesses or individuals can...
India’s banking industry could be in trouble after the Narendra Modi government announced that $37 billion in loans have been written off by the country’s public sector banks during the past four years. Get the Full Story Complete the form to unlock this article and...
Online lending startup Upstart is hoping to raise about $100 million in funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
