KeyBank identifies 40 AI proofs of concept
KeyBank is continuing its AI and gen AI development pipeline after seeing positive effects on its operations. “We have roughly...
Lending
Transactions: HSLC, Triad Bank select Vine Financial for automated lending
Two financial institutions have tapped automated lending service provider Vine Financial within the past month. The $227 million HSLC and...
Embedded finance changing along with CFPB
Embedded finance and automated lending services are under threat as policy and regulatory changes continue under the Donald Trump administration. ...
Lendbuzz automates over 50% of originations
The majority of AI-driven auto lender Lendbuzz’s originations are automated, thanks in part to AI tools and an ability to optimize repetitive,...
Transaction: Citi, Validis team up to digitize commercial lending
Citi is digitizing its commercial lending capabilities for mid-sized corporations to improve ease of use for global clients while accelerating...
Pagaya streamlines underwriting, counteroffers
AI-based financier Pagaya Technologies is investing in capabilities for faster auto loan funding and counteroffers to increase conversion rates for lenders. Pagaya...
Fintech Funding: Parlay Finance raises $2M in seed funding
Parlay Finance has raised $2 million in a funding round led by fintech venture capitalist Jam Fintop. The AI-driven loan...
Citizens revamps its lending tech
Citizens Financial launched a new credit card suite this month on the heels of a platform revamp. Over the past...
Plaid: New lending tool increases accuracy by 25%
Rocket Mortgage has launched Plaid’s Consumer Report solution to better evaluate client risk before making lending decisions. Plaid rolled...
First Internet Bank automates due diligence with gen AI
First Internet Bank is upgrading its loan origination process with automation. The $6 billion digital bank is tapping Greenlite AI’s...
