loans

FIs Explore GenAI Potential in Small Business Lending Despite Customer Concerns
FIs Explore GenAI Potential in Small Business Lending Despite Customer Concerns
February 12, 2024  |  Artificial Intelligence

Financial institutions are embracing the integration of generative artificial intelligence into their operations, recognizing it as a vital step to remain competitive in today’s fast-evolving...

READ MORE >
Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators
Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators
February 09, 2024  |  Payroll

The debate between regulators and FinTechs over the state of earned wage access (EWA) innovations looks set to heat up through the next several months....

READ MORE >
Barclays to Acquire Tesco Bank, Partner With Tesco Stores
Barclays to Acquire Tesco Bank, Partner With Tesco Stores
February 09, 2024  |  Acquisitions

Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition...

READ MORE >
The Auto Lending Ecosystem Streamlines Refunds and Cancellations With Automated Compliance
The Auto Lending Ecosystem Streamlines Refunds and Cancellations With Automated Compliance
February 07, 2024  |  Acquisitions

In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and...

READ MORE >
BAFS Commercial Platform Aims to Connect Borrowers and Lenders
BAFS Commercial Platform Aims to Connect Borrowers and Lenders
February 06, 2024  |  Loans

BAFS (Business Alliance Financial Services) has debuted a platform to connect commercial lenders with borrowers. The Louisiana company’s Borrower Portal, announced Tuesday (Feb. 6), lets borrowers input...

READ MORE >
Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
February 06, 2024  |  Consumer Finance

The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. And the burden is felt keenly...

READ MORE >
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
February 06, 2024  |  Digital Banking

Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT)...

READ MORE >
As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
February 05, 2024  |  Loans

The banks continue to tighten, the traditional channels are tougher to navigate in the commercial lending space. And against a backdrop where smaller firms are...

READ MORE >
Forvis Launches Platform to Help Financial Institutions Price Commercial Loans
Forvis Launches Platform to Help Financial Institutions Price Commercial Loans
February 05, 2024  |  Loans

Forvis has unveiled a platform designed to assist lenders with pricing commercial loans. The new LoanPricingPRO platform uses real-time metrics to help financial institutions manage and grow...

READ MORE >