Avant news and trends

Provider Ranking of Personal Loan Apps Shows Movement on a Short List
Mobile Applications // March 20, 2023

When a Top 10 list only features eight brands you know they’re something special, and the Provider Ranking of Personal Loans Apps is exactly that. The Top 5 MoneyLion roars at No. 1, like you’d expect from a money lion. At No. 2 it’s SoFi,...

Personal Loan App Provider Ranking Sees New Leader MoneyLion Roar to Top
Personal Loans // June 13, 2022

There’s only one change of position in PYMNTS’ latest Provider Ranking of Personal Loan apps, but it’s a big one — there’s a new leader. Last month’s leader and runner-up have traded positions this time around. Other than that, the remaining five contenders hold the...

Personal Loan App Provider Ranking Delivers a Consistent User Experience
Mobile Applications // May 18, 2022

Like the payments to be made on a personal loan, the competitors in PYMNTS’ latest Provider Ranking of Personal Loan Apps are predictable and evenly spaced out.  They’re predictable because the apps are ranked in the same order they were in last time. They’re evenly...

Personal Loan App Provider Ranking Sees Competitors Hold Their Positions
Loans // April 14, 2022

Folks responsible for lending probably tend to be cautious. You could say the same for the latest edition of PYMNTS’ Provider Ranking of Personal Loan Apps, as all eight contenders hold the same position they held last month. As with PYMNTS’ other Provider Rankings, this...

Interviews & Exclusives
Digital DNA Helps Online Lenders Make New Account Fraud an Old Problem

January 19, 2022
  Customer onboarding must be seamless, effective and satisfactory for customers. Still, these objectives often run into the other major goal of customer onboarding: weeding out potential bad actors that wish to defraud the company or its customers. Identity fraud cost consumers more than $56 billion in 2020 alone, and there are a plethora of […]

Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests

June 17, 2021
The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to work in a world on...

Avant Brings SaaS Lending Tech To Banks

October 02, 2018
Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible,...

Quick Reads
FinTech Firm Avant Debuts Avant Banking

December 16, 2021
Avant, a FinTech focused on getting credit access for middle-income consumers, announced Thursday (Dec. 16) that is has expanded its portfolio with the launch of Avant Banking. Avant Banking will come with access to spending accounts, debit cards, ACH transfers and access to early payday funds for customers with direct deposit. Those customers who make […]

FinTech Avant Snaps Up Zero Financial And Digital Banking App Level

April 07, 2021
FinTech Avant, which works to give underserved consumers access to credit, has acquired Zero Financial along with its neobank, Level, according to a press release. Terms of the deal were...

FTC Fines Avant $3.85M For Customer Deception

April 15, 2019
The Federal Trade Commission announced on Monday (April 15) a $3.85 million settlement with online lender Avant over a lawsuit alleging the firm lied to customers and used other illegal tactics....

Online Lenders Prepare For A Recession

April 15, 2019
Online lenders in the U.S. including LendingClub, Kabbage, and Avant are gearing up for a slowdown in the economy and are taking a look at their risk exposure as they...