Moven closes consumer-facing business, pushes customers to Varo
As Moven begins shutting down its consumer-facing businesses, the digital banking platform is funneling its customers to Varo Money. “Moven ...
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Confusion muddles PPP loan forgiveness processes
Banks scrambling to process Paycheck Protection Program loans will soon have to parse borrowers’ spending data to determine whether those ...
Bank of America customers sent $27 billion through Zelle in Q1
Bank of America customers are shifting toward digital tools. According to data released by the bank, supplementing its earnings call ...
PPP fraud risk could run to billions
Last week saw banks and fintechs scrambling to stand up platforms to process Paycheck Protection Program loans, and now the ...
OnDeck, BlueVine are latest fintechs to provide PPP loans
As digital lenders finally make their move into Paycheck Protection Program loans, fintechs OnDeck and BlueVine partnered with banks this ...
PPP confusion prompts banks to revert to manual processes
Lenders participating in the SBA’s Paycheck Protection Program are trying to find a balance between speed and diligence. On the ...
Smaller banks innovate ways to handle PPP volume in the ‘scramble’
The Small Business Administration launched its Paycheck Protection Program loans more than a week ago and banks have been racing ...
Community bank embraces digital to deliver $50M in PPP loans
The technological upgrades Happy State Bank made prior to the COVID-19 crisis has helped the lender service and onboard customers ...
LendingTree: Personal loan inquiries at calendar-year lows
The COVID-19 crisis is taking its toll on the personal loan industry. According to data from LendingTree, the publicly traded ...
Weekly Wrap: SBA loans, SoFi and Galileo take center stage
One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best ...
