Valley Bank’s VC arm ‘actively exploring’ AI for commercial lending
Valley Bank’s venture capital arm is diving deep to identify strong AI providers for commercial lending. Valley Ventures is “actively exploring several areas where AI can...
Lending
Click n’ Close COO: Proprietary technology is key in scaling strategy
The new chief operating officer at Click n’ Close is focused on scale at the mortgage lender, leaning on its proprietary systems. “For...
Celtic Bank taps Casca for SBA lending
Celtic Bank has selected fintech Casca to power its Small Business Administration lending program, aiming to accelerate loan origination and...
LendingClub has over 60 active AI initiatives
LendingClub is deploying AI internally and externally and has more than 60 active AI uses. When it comes to AI, “there’s probably not a department in...
Transactions: Credit unions select Upstart for AI-driven personal lending
DuPage Credit Union is the latest credit union to tap AI lending marketplace Upstart. The Naperville, Ill.-based credit union, which serves more than 46,000 members,...
Meridian OneCap reduces ‘expensive mistakes’ with AI
Meridian OneCap Credit is benefiting from AI deployment in areas that require significant policy and procedure considerations. AI integration has enabled the Canadian equipment lender...
Better Home, Fifth Third, Avant push bounds of agentic lending
Financial institutions and fintechs are bullish on agentic AI’s potential to transform lending processes such as underwriting, preapprovals and customer relationships. AI-native...
JPMorgan exec weighs in on AI-powered underwriting
AI is reshaping bank underwriting and fraud detection, with the potential to significantly improve risk management, though its impact on balance sheet metrics...
Air-tow Trailers taps QuickFi for embedded lending
Air-tow Trailers has launched a digital captive finance program powered by fintech QuickFi’s embedded lending platform. Air-tow, which manufactures single-axle and...
JG Wentworth handles 30K calls per day with Replicant AI
LAS VEGAS — Financial services giant JG Wentworth and online lender Avant are reaping the benefits of fintech Replicant’s agentic AI voice platform and recognizing the technology’s...
