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Tag: underwriting

Open Lending extends AI-powered underwriting

Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced out of the market.  Lenders using Open Lending’s artificial intelligence-powered...

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Data Partnerships Reshape Commercial Risk Underwriting

Data partnerships have been in existence awhile. The size of the global alternative data market is slated to top $17.4 billion by 2027 at...

Bukele Visibly Upset That Binance Founder Is Linked To El Salvador’s Bitcoin Bond

El Salvador President Nayib Bukele has condemned a Reuters report that claimed Binance founder Changpeng ‘CZ’ Zhao wants to assist the country’s Bitcoin Bond. “Please [...]

Provenir adds AI credit risk Solution

Tuesday, the b2b2 SaaS provider Provenir introduced Provenir AI, a no-code AI credit risk underwriting platform. The release came just days after a Provenir published a study that showed most fintechs or fin services were not confident with their current underwriting models. 

The post Provenir adds AI credit risk Solution appeared first on LendIt Fintech News.

Mortgage Underwriting: What You Need to Know

Mortgage underwriting is when the lender’s underwriter examines the loan application to assess if the borrower can pay back the mortgage.

The post Mortgage Underwriting: What You Need to Know appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Over a Quarter of Banks Report Improved Revenue After Implementing AI

Adoption of artificial intelligence (AI) is growing rapidly in the financial services sector, as organizations all seek to benefit from the advantages brought about by the technology, including streamlined processes,

The post Over a Quarter of Banks Report Improved Revenue After Implementing AI appeared first on Fintech Singapore.

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Tesla stops sale of bonds backed by vehicle leases as market maintains unpredictability

Tesla has stopped the offering of more than $1 billion in bonds backed by vehicle leases on its cars as market conditions continue a trend of unpredictability, a report from Bloomberg said. Citing people with knowledge of the matter, the report states that bankers for Tesla had placed a “significant portion” of the bonds with fund […]

The post Tesla stops sale of bonds backed by vehicle leases as market maintains unpredictability appeared first on TESLARATI.

Podcast 347: Wendy Cai-Lee of Piermont Bank

Banking-as-a-Service (BaaS) has become quite popular these days with dozens of banks offering different services to fintechs and tech companies. But almost all these banks were not originally conceived this way, they are adding BaaS as a new product offering. Our next guest on the Fintech One-on-One podcast is Wendy Cai-Lee, the CEO and Co-Founder of Piermont Bank. The bank only began operations in 2019 but it is a fully chartered bank that has been built from the ground up […]

The post Podcast 347: Wendy Cai-Lee of Piermont Bank appeared first on LendIt Fintech News.

Demystifying the Indian BNPL market

India is primed to be the largest BNPL market in the world with a massive addressable population.

Elevating the Customer Experience: A Look at the New Credit Monitoring Solution from CuneXus

A Finovate alum since 2014, CuneXus specializes in enabling lenders to deliver personalized, mobile customer experiences while helping financial institutions grow loan volume and revenue. The company has reached more than $60 million in loans funded daily, $500 billion in client combined assets, and represented 28 million consumers in the U.S. Last fall, the company Read more...

The post Elevating the Customer Experience: A Look at the New Credit Monitoring Solution from CuneXus appeared first on Finovate.

MeridianLink Acquires Small Business Lending Startup StreetShares

Cloud-based software solutions provider MeridianLink acquired digital lending technology provider StreetShares. MeridianLink will leverage StreetShares’ Atlas Platform, an embeddable digital lending environment for banks. Terms of the deal were not disclosed. Cloud-based software solutions firm MeridanLink acquired small business lending technology provider StreetShares this week. Terms of the deal were not disclosed. StreetShares was founded Read more...

The post MeridianLink Acquires Small Business Lending Startup StreetShares appeared first on Finovate.

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