SoFi CEO Mike Cagney to Step Down
Mike Cagney, the chief executive officer of online lender Social Finance, better known as SoFi, will be leaving his role...
Lending
Square to Create Industrial Bank, Square Financial Services Inc
Mobile payments processor Square is filing an application to create an industrial loan company with the Federal Insurance Corporation. The...
China Rapid Finance Is Expecting to Add 3M New Borrowers by End of 2017
EXCLUSIVE — Shanghai-based online lender China Rapid Finance reported a 240% growth in consumer loan volume year-over-year and is expecting...
Credibly Continues Growth With $500M Origination Milestone, BizFi Portfolio
EXCLUSIVE -- Leading “fin-data” SMB lender Credibly will now be servicing the portfolio of competitor lender BizFi, adding BizFi's $250...
Will FICO’s AWS Move Boost Lending Startups?
FICO is moving major services to the cloud, and that may mean good times ahead for lending startups. The financial...
Filipino SMB Lender Fuse Taps Mambu to Power Platform
It's all about the data. SaaS banking platform Mambu is paying close attention to one important trend in the fintech...
LendingRobot, NSR Invest Merge to Create New Roboadvisor
Alternative investing service NSR Invest will combine with roboadvisory LendingRobot to form a new roboadvisor platform in the alternative lending...
SMBs Can Now Apply for Loans Through Bank of America’s Mobile App
With its consumer mobile banking upgrades well underway, Bank of America is turning its attention to businesses. Small business clients...
Mortgage Lenders Should Take Hints from Spotify
What do mortgage lending and music streaming have in common? More than one would think. In fact, mortgage lenders could...
Just One Third of OnDeck Borrowers Need Human Intervention
Machine learning and artificial intelligence have made waves in the lending space recently, but human underwriters are by far not...
