FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Regions Bank Teams Up with Marketplace Lender Avant

Diana AsatryanbyDiana Asatryan
April 8, 2016
in All Posts
Reading Time: 2 mins read
0
Share on Facebook

canstockphoto6065510Regions Bank teamed up with online marketplace lender Avant Inc. to provide customers with a streamlined loan application and underwriting “experience,” the companies announced this morning.

Beginning in the second half of 2016, customers can apply for an unsecured loan on the Regions Bank website through the Avant platform, which will carry Regions branding. Applicants will be evaluated on Regions’ underwriting criteria, a bank spokeswoman told Bank Innovation. The loans for the approved applicants will be funded and serviced by Regions.

“Applicants, who do not qualify for a Regions loan, but do qualify for an Avant loan, will receive a decline from Regions and also a loan offer from Avant for consideration,” she said. Loans sizes range from $1,000 and $35,000, and the platform will offer an immediate credit decision, according to company press release.

Regions.com featured personal unsecured loans on its website prior to the partnership, so why bring Avant into the mix? “Through the agreement with Avant, we can offer a more streamlined digital experience,” the spokeswoman explained. The terms of the revenue sharing agreement between the two lenders are not disclosed.

Globally, more than 480,000 loans have been originated through the Avant platform, surpassing the $3 billion mark in February.  The marketplace lender launched a direct-to-consumer auto refinance loans in late March, with plans to launch new and used car purchase financing later this year.

Tags: Avantmarketplace lendingregions bank
Previous Post

PayPal Continues to Pursue Square in the POS Space [VIDEO]

Next Post

Wanted: A Slackbot for Banking

Related Posts

(AI-generated)
All Posts

AI-driven ‘SaaSpocalypse’ fears overblown, experts say

April 1, 2026
All Posts

Is Your Technology Supplier There for You?

April 1, 2026
(Courtesy/Bluevine)
All Posts

Bluevine’s AI chatbot resolves 80% of customer queries

January 7, 2026
Next Post

Wanted: A Slackbot for Banking

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account