Tag : Personal Loan

Idaho Central Credit Union Selects Upstart for Personal Lending
Lending News

Idaho Central Credit Union Selects Upstart for Personal Lending

Business Wire
by Business Wire0
Idaho Central Credit Union, the fastest-growing credit union in Idaho and one of the top-performing credit unions in the country, announced its partnership with Upstart, the leading artificial intelligence (AI) lending marketplace, to provide personal loans to more people. “Idaho Central Credit Union is dedicated to helping members achieve financial......
Developing The Personal Loan Market Using Technology
Banking Commerce Featured Fintech Primers Technology

Developing The Personal Loan Market Using Technology

Pooja Choudhary
by Pooja Choudhary0
We all know about two-minute noodles, but what if I say, in two minutes get an instant personal loan? As a layman, we understand personal loan is money borrowed by anyone on interest for a reason. In addition, personal loans are generally offered by banks, credit unions, and online loan......
LendingClub Acquires $1 Billion Personal Loan Portfolio
Banking Finance News

LendingClub Acquires $1 Billion Personal Loan Portfolio

Fintech News Desk
by Fintech News Desk0
Seasoned, Quality Portfolio to Support Growth in Recurring Revenue LendingClub Corporation announced an agreement to acquire a $1.05 billion loan portfolio. The portfolio consists of personal loans that were originated through LendingClub’s marketplace and will support its growing revenue stream of recurring net interest income. The personal loans were previously acquired by......
LendingPoint Announces Pricing of $200 Million Rated Personal Loan Securitization and $45.8 Million Point-of-Sale Loan Securitization
Banking Fintech News

LendingPoint Announces Pricing of $200 Million Rated Personal Loan Securitization and $45.8 Million Point-of-Sale Loan Securitization

Fintech News Desk
by Fintech News Desk0
Direct-to-consumer loan securitization rated by KBRA through 95% of pool balance with blended note yield of 4.037% Data and technology platform LendingPoint announced the closing of two securitizations of both direct-to-consumer and point-of-sale loans. LendingPoint Receivables Trust 2020-1 (“LDPT 2020-1”) issued $200 million of rated notes backed by a pool of......
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