Watch more: What’s Next in Payments With Matt Pearce of i2c The last decision a bank hands to a machine will likely be one that its employees will still have to explain to a customer or regulator. Releasing an account flagged for complex fraud activity...
Borrowers who came to Happen to pay off credit cards are giving the bank additional sources of business through their savings. Happen, formerly known as LendingClub, reported that deposits grew 22% from a year earlier to $11.5 billion in the third quarter, according to earnings...
OppFi is focusing on flexible credit, tech upgrades and its banking ambitions amid persistent inflation and cooling consumer sentiment. The digital lending platform touted these new offerings Wednesday (Oct. 28) as it released third-quarter earnings results showing a 3.8% drop in revenue. The company’s quarterly...
Before a company’s loan request reaches a room full of bankers, a computer may have already sized it up. Artificial intelligence tools now score borrowers, sort through financial statements and write first drafts of loan approval memos. In many cases, nobody at the bank formally...
October 29, 2026
Watch more: What’s Next in Payments With Maverick Payments’ Bill Christensen The human who approves a merchant account may eventually review fewer files, but the cases left on that person’s desk will demand more judgment. For Bill Christensen, senior vice president of risk and underwriting at Maverick Payments, the approval most likely to remain with […]
October 29, 2026
Watch more: What’s Next in Payments With Matt Pearce of i2c The last decision a bank hands to a machine will likely be one that its employees will still have...
October 28, 2026
Before a company’s loan request reaches a room full of bankers, a computer may have already sized it up. Artificial intelligence tools now score borrowers, sort through financial statements and...
October 27, 2026
A commercial borrower’s finances keep changing after a loan is approved, as invoices are collected, inventory is purchased and payroll comes due. Continuous underwriting brings that activity into the purview...
October 28, 2026
OppFi is focusing on flexible credit, tech upgrades and its banking ambitions amid persistent inflation and cooling consumer sentiment. The digital lending platform touted these new offerings Wednesday (Oct. 28) as it released third-quarter earnings results showing a 3.8% drop in revenue. The company’s quarterly numbers also showed originations declining 7% to $229 million due […]
October 27, 2026
SoFi’s financial services business is gaining momentum even as interest rates move in a direction the company didn’t anticipate, according to the company’s third-quarter earnings call Tuesday (Oct. 27). The...
October 26, 2026
FinTech Revolut debuted its first credit product since becoming a licensed United Kingdom bank, according to a Monday (Oct. 26) press release provided to PYMNTS. The company’s unsecured personal loans...
October 22, 2026
Credit card delinquencies crept up in September, while net charge-offs declined, according to the latest edition of Seeking Alpha’s Credit Pulse, released Thursday (Oct. 22). This report tracks monthly delinquency and...
