loans

Plaid and Algebrik Launch CU-Focused Loan Origination Platform

Plaid and Algebrik Launch CU-Focused Loan Origination Platform
Plaid and Algebrik Launch CU-Focused Loan Origination Platform
February 03, 2025  |  Partnerships

Plaid has launched a partnership with loan origination platform Algebrik AI. The collaboration, announced Monday (Feb. 4), will integrate Plaid’s consumer-permissioned data with Algebrik, allowing for easier identity verification,...

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52% of Consumers Use Credit for Groceries
52% of Consumers Use Credit for Groceries
February 03, 2025  |  Consumer Insights

Credit products are changing, with personal loans, embedded finance, and buy now, pay later (BNPL) gaining traction. According to a PYMNTS Intelligence report, “BNPL and...

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Santander Picks Christiana Riley as US CEO Amid Companywide Reorganization
Santander Picks Christiana Riley as US CEO Amid Companywide Reorganization
January 31, 2025  |  Personnel

Banking giant Santander has reportedly chosen a new U.S. CEO amid a larger reshuffle. Christiana Riley will succeed Tim Wennes as the bank’s lead in...

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Banks See Lukewarm Lending in Spite of Wall Street Rally
Banks See Lukewarm Lending in Spite of Wall Street Rally
January 31, 2025  |  Loans

Steady-to-declining interest rates. Inflation under 3%. A relaxed attitude to regulation in D.C. As the Wall Street Journal (WSJ) points out in a report Friday (Jan. 31),...

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Synchrony Looks to Best Rate Cut Environment With Innovation Mix
Synchrony Looks to Best Rate Cut Environment With Innovation Mix
January 28, 2025  |  Earnings

The consumer financing landscape is a dynamic one, where both strategy and execution are the key guardrails of success for financial service businesses. This was...

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Report: Revolut Builds New Commercial Real Estate Lending Business Unit
Report: Revolut Builds New Commercial Real Estate Lending Business Unit
January 28, 2025  |  Real Estate

Revolut is reportedly entering the commercial real estate lending business. The United Kingdom-based FinTech appointed M&G Investments veteran Duncan Batty to build the new business...

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Bank Account Intelligence: The New Frontier in Credit Decisioning
Bank Account Intelligence: The New Frontier in Credit Decisioning
January 28, 2025  |  Authentication

A bank account represents a direct connection to a business or consumer’s daily financial life. It holds all manner of data points that give lenders...

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SoFi CEO: ‘We’re Not Just a Lender Anymore’
SoFi CEO: ‘We’re Not Just a Lender Anymore’
January 27, 2025  |  Earnings

SoFi Technologies’ drive toward cementing its financial services ecosystem status continues — with gains across consumer-focused lending and direct deposits. The data also showed notable...

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