Grasshopper Bank automates document processing
Grasshopper Bank integrated digital business solutions provider Numerated into the bank’s platform to automate document processing and streamline underwriting in...
Lending
Finance-specific LLMs promise workflow automation
The generative AI boom may be in its infancy, but financial institutions are already looking into how they can implement...
What banks are saying about AI
NEW YORK — Banks are looking into AI use cases within their operations, but many are proceeding with caution as...
EvaBank selects Lokyata to automate credit decisioning
EvaBank is partnering with credit-decisioning platform Lokyata to help automate and streamline its loan-decisioning processes and give borrowers more access...
Farmers taps Teslar to automate lending ops
Farmers State Bank is partnering with Teslar Software to automate its commercial lending operations. The $81 million bank plans to...
BankiFi, Axiom Bank partner for SMB banking
$649 million Axiom Bank is partnering with embedded finance platform BankiFi to allow its small- to medium-sized business (SMB) customers...
Open Lending extends AI-powered underwriting
Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced out of the market. Lenders using...
Quilo introduces real-time loan syndication network
NEW YORK CITY — Lending platform Quilo unveiled its real-time syndication network that allows banks to digitally originate loans during...
5 reasons to scale loan origination digitization
Data across the board shows continued growth for commercial and industrial loans since the last months of 2021. A recent...
Research: Alt lending model outperforms credit score on opening up lending
An academic paper studying anonymized administrative data from fintech lender Upstart Network found its alternative credit-decisioning model could widen the...
