ZestFinance Launches AI-powered Tool to Reduce Bias in Lending Models
Alternative underwriting software provider ZestFinance today launched an AI-based tool it claims will dramatically reduce bias in lending. Founder and...
Lending
The Non-QM Challenge & How Technology Can Help
By all accounts, the non-qualified mortgage (non-QM) market is booming. In 2018 alone, $11.38 billion of expanding-credit MBS, including non-QMs,...
Prosper CEO David Kimball to Speak at BI Ignite
David Kimball, CEO of Prosper, is speaking at Bank Innovation Ignite 2019. Kimball will be speaking on the alternative lending...
5 Companies that Made Fintech Noise in 2018
Bank Innovation’s five picks for companies that made noise in fintech this year may not include any banks, but it...
What Do ‘Operational Efficiency’ and ‘Pragmatism’ Mean for Innovation?
Signs point to more difficult economic times ahead. The future is always uncertain, but banks must prepare now, and this...
PrecisionLender Adding Execs, Offices to Scale Up for Growth
PrecisionLender was a fintech before fintechs were cool. Co-founder and CEO Carl Ryden told Bank Innovation his applied banking insights...
Can Fintech Pave a Way for Financial Inclusion?
Federal Reserve Governor Lael Brainard addressed barriers to financial inclusion at a conference hosted by the Boston Fed and the...
OCC Moves Ahead with Long-Planned and Much-Discussed Fintech Charter
It's good news for fintechs in lending and payments that want a federal banking license, the Office of Comptroller of...
New York State Will Regulate Online Lenders to ‘Level Playing Field’ for Banks
Online lenders may own more than half of the personal lending market, but they face serious headwinds. For one thing, rising...
The Facebook Files: Facebook Built a Bot to Prevent Targeting of Credit Ads — and It Failed
PREMIUM - Facebook built a bot called a "classifier" in order to identify credit, housing, and employment ads, in order...
