Kabbage Processed 129,000 SBA PPP Loan Applications For Nearly $4 Billion
#Kabbage, the Atlanta-based small business lending #fintech, was the fourth largest processor of SBA payroll support loans (PPP).
Financial Technology
#Kabbage, the Atlanta-based small business lending #fintech, was the fourth largest processor of SBA payroll support loans (PPP).
Financial Technology
LendEDU, which developed software to help students see which loans would be best for them, has found that #default #rates on #student loans vary widely. across the county.
Financial Technology
The differences in #student #loan servicing complaint rates are stark and NerdWallet suggests some alternatives while The Nation shows how some other countries handle education funding..
Financial Technology
Today #Finastra announced a partnership with Wis.-based #Unity #Bank for a #digital #loan solution. Unity Bank, with $ 450 million in assets, has begun to leverage loan #technology to streamline its commercial lending and consumer lending processes. Bank Innovation spoke with Unity Bank senior vice president and commercial lending manager Darrin Wilson on what “streamlining” will mean […]
Bank Innovation
A new #fintech startup is letting consumers make loans to peers and positioning itself as an alternative to the #payday #loan industry, and there’s something in it for #banks too. Since launching this past April, #SoLo #Funds, a P2P lending platform, has processed nearly $ 200,000 in small-dollar short-term loans. With small loan amounts and a default rate […]
Bank Innovation
#BBVA bank announced today that it has closed a $ 90 million #corporate #loan #deal with their #technology partner, Indra, via #blockchain technology. The bank claimed that the transaction, which would typically take a few days to complete, closed in just a few hours. BBVA used its own internal blockchain system, which is built on the IBM-backed […]
Bank Innovation
SmallBiz #Loans provides #banks and small businesses #technology to help process Small Business Administration (SBA) loans. Its automated advisor acts like a small business CFO, analyzing financials and telling owners if they are a good candidate for the SBA or helps them identify areas to improve.
Financial Technology
EXCLUSIVE— #Banks are jostling with fintechs as well as incumbent competitors for customers among a rising demand for personal loans, especially as fintechs seek to create faster, more user-friendly versions of such products. The one #advantage banks have over fintechs? #Branches, Shayan Khwaja, #BBVA #Compass executive director of consumer lending told #Bank Innovation. Based in …Read More
Bank Innovation
EXCLUSIVE – After a successful 2017, Goldman Sachs’s consumer lending offshoot #Marcus is hoping for a better 2018 by expanding its products beyond personal loans and savings offerings. Now, Marcus will be providing home improvement loans ranging between $ 3,500 to $ 40,000 for periods of three to six years. Marcus previously offered loans topping out at […]
Bank Innovation
Getting a line of #credit from a bank is so passe — try a wealth management #service with a #robo-advisor. Wealth management company Wealthfront has just released its new Portfolio Line of Credit, an offering that will allow clients to borrow funds based off of their investment accounts. The mobile-based service &8212; which marks the […]
Bank Innovation
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