Category : Lending

Lendbuzz Completes $262 Million Asset-Backed Securitization
Artificial Intelligence Finance Fintech Lending News

Lendbuzz Completes $262 Million Asset-Backed Securitization

Business Wire
by Business Wire0
Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $262 million securitization (“LBZZ 2024-3”) collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and......
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Exploring The Rise of AI-Enhanced Credit Scoring Systems

Rishika Patel
by Rishika Patel0
The rise of AI-enhanced credit scoring systems marks a significant shift in how financial institutions assess creditworthiness. Traditional credit scoring models have long been constrained by a limited set of factors, often excluding individuals without formal credit histories. However, AI-based models leverage a broader range of data sources, including non-traditional......
Finastra hires industry heavyweight to head Lending business
Finance Fintech Lending News

Finastra hires industry heavyweight to head Lending business

PR Newswire
by PR Newswire0
Finastra today announced the appointment of Andrew Bateman in the role of EVP, Lending. Andrew is responsible for the leadership and growth of Finastra’s Lending Business Unit. Andrew said, “Joining Finastra is an exciting step, and I can’t wait to meet the team and our customers and partners to help......
Rapid Finance and Gestalt Tech Announce Strategic Integration to Enhance SMB Lending Capabilities
Finance Lending News

Rapid Finance and Gestalt Tech Announce Strategic Integration to Enhance SMB Lending Capabilities

Business Wire
by Business Wire0
Rapid Finance, a leading small business financing platform specializing in providing customized financing solutions, announced its new partnership with Texas-based Gestalt Tech, a provider of a cutting-edge data warehouse solution designed for financial institutions. Through this partnership, lenders using Gestalt can seamlessly integrate with Rapid’s small business lending automation solution, Decisioneer. Additionally,......
Intuit, Square Engineering Veteran Joins PayJoy as Chief Technology Officer
Banking Lending News

Intuit, Square Engineering Veteran Joins PayJoy as Chief Technology Officer

Cision PRWeb
by Cision PRWeb0
A Proven Leader with Lending and Banking Expertise Tapped to Drive PayJoy’s Technology Team and Product Expansion PayJoy, the top financial service provider to the underserved in emerging markets, announced Bharath Ramarathinam as the company’s new Chief Technology Officer. In his role, Ramarathinam will lead further technology and product expansion. “I’m......
Finance Fintech Lending News

New “State of Digital Lending” Report Reveals Over 50% of Organizations Struggle to Deliver Fast, Seamless Digital Lending Experiences

Business Wire
by Business Wire0
MeridianLink, in Partnership with the Digital Banking Report, Shares Insights on the State of Digital Lending MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies, recently unveiled the “2024 State of Digital Lending” report in collaboration with prominent industry expert, Jim Marous, owner......
Numerated Expands Liquidity Solutions for Small Businesses through Partnership with Quantum Financial Technologies
Artificial Intelligence Finance Fintech Lending News

Numerated Expands Liquidity Solutions for Small Businesses through Partnership with Quantum Financial Technologies

Business Wire
by Business Wire0
Numerated, the leading AI-driven commercial lending platform, today announced a strategic partnership with Quantum Financial Technologies to enhance liquidity options for small businesses. This collaboration enables banks to approve more customers with less credit risk, expanding their ability to support small business growth even when traditional lending criteria might fall short. Through......
Eltropy and Sync 1 Systems Announce Integration to Streamline Loan Origination for Community Financial Institutions
Finance Fintech Lending News

Eltropy and Sync 1 Systems Announce Integration to Streamline Loan Origination for Community Financial Institutions

EIN Presswire
by EIN Presswire0
Partnership enables lenders to launch Eltropy’s messaging tools directly from Sync 1’s LOS, facilitating efficient conversations throughout the lending process Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), announced an integration with Sync 1 Systems, a provider of advanced loan origination software (LOS). This collaboration will empower......
Achieve Closes $263.3 Million, AAA-rated Personal Loan Securitization
Finance Fintech Lending News

Achieve Closes $263.3 Million, AAA-rated Personal Loan Securitization

PR Newswire
by PR Newswire0
Deal backed by Achieve Personal Loans brings total securitization volume of Achieve assets to over $5.9 billion Achieve, the leader in digital personal finance, announces the August 29 close of an offering of $236.35 million in rated notes backed by Achieve Personal Loans. The securitization, ACHV ABS Trust 2024-2PL, includes four classes of rated notes......
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