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...
Lending
U.S. Bank taps AI-native platform Built to streamline construction lending
U.S. Bank announced today it has partnered with Built, an AI-native platform for real estate and construction finance, to streamline...
OakNorth anticipates doubling origination volume in the US
London-based digital bank OakNorth is betting big on the U.S. OakNorth expects to double its U.S. origination volume this year after originating roughly $3.2 billion in loans since...
UiPath credits agentic AI for speeding mortgage decisioning by 50%
UiPath is using agentic AI to streamline mortgage lending operations by targeting one of the most complex and manual processes in financial services: loan origination and...
Edge Focus: AI delivers most value to underwriting in ABS market
Tech-driven private credit firm Edge Focus is capitalizing on AI and machine learning to enhance investment opportunities in asset-backed securitizations. Edge Focus,...
Transactions: Metro Bank, b1BANK deploy Covecta AI agents
Metro Bank and b1BANK are deploying AI agents from European AI platform Covecta to streamline end-to-end lending processes. Covecta’s agentic AI solution is embedded into existing workflows at...
AI boosts lending efficiencies by structuring data, managing assets
Asset-based lenders are unlocking efficiencies by using AI for structuring data and asset lifecycle management. CHG-Meridian, a global leasing specialist that...
Piermont Bank adds chief credit and payments officers
Piermont Bank added to its C-suite in March as the cloud-native bank continues to scale. The bank made the following appointments: Derrick Cornelious, chief...
First Internet Bank explores predictive analytics for SBA delinquencies
First Internet Bank interns spearheaded the innovation behind a predictive analytics tool used to determine the likelihood of delinquencies on Small Business Administration loans. “We have an internal tool...
Palantir, Moder bring AI automation to mortgage industry
Palantir Technologies and mortgage services firm Moder announced plans to develop an AI-powered platform designed to modernize mortgage operations, signaling...
