Upstart reports 348% growth in Q3 loan originations
Artificial intelligence (AI)-based lending platform Upstart reported triple-digit growth and profits during Tuesday’s third-quarter earnings call, with auto loans growing ...
Tag: digital lending
Does AI care where you went to school? Guarding against bias in AI-powered lending
Multiple studies have shown that women and minorities have historically faced higher interest rates on credit, but can the use ...
Blend to automate escrow, settlement processes with new acquisition
Digital lending platform Blend this week announced its $500 million acquisition of Title365, an escrow and settlement company, giving the ...
Big banks feel pressure to compete with digital lenders: S&P
The past year saw digital lenders enhance their product suites beyond credit, as big banks focused on adding features to ...
Inside the US expansion plans of OakNorth, an aspiring ‘Bloomberg of SME lending’
U.K.-based digital lender OakNorth is using its tech platform as the pillar of its U.S. expansion strategy. The company, which has ...
Amount, a Fintech Startup, Signs Deal to Help TD Bank in Digital Personal Lending
The speed at which financial institutions are expected to meet changing customer demands drove Chicago-based fintech Amount and TD Bank ...
Consumers Are Getting More Comfortable With Mobile Loans (But Not That Comfortable)
Customers are growing more comfortable completing (at least parts of) the loan process over online or mobile mediums, a study ...
OnDeck Expects Double-Digit Originations Growth in 2018
EXCLUSIVE—Online lender OnDeck grew originations and expects even more growth this year, according to its earnings call today. The New ...
It’s Time to Stop Ignoring the Millennial HomeBuyer, Better Mortgage Growth Suggests
EXCLUSIVE— Digital mortgage company Better Mortgage has displayed rapid growth over the last year, originating $157 million in purchase mortgages ...
Digital SME Lender BlueVine Doubles Line of Credit
EXCLUSIVE - Small business lender BlueVine has doubled its invoice financing credit line to up to $5 million as well ...
