PFM app #MoneyLion is getting an overhaul. Aside from a logo change and a sparkling new app design, users will now be able to access the MoneyLion app for #tips on spending and credit, in-app access to services such as TransUnion, and, most notably, updated personal loan features, the company announced today. “We’re really broadened […]
Bank Innovation
#Wells #Fargo will begin underwriting customers for their “entire credit limit” later #this #year, Avid Modjtabai, head of payments, virtual solutions and innovation (PVSI) group said during the bank’s investor day today. Currently, customers seeking credit need to apply for individual products– such as #loans or credit cards&8211; separately, Modjtabai said. But starting in the […]
Bank Innovation
Artificial intelligence and machine learning have found their way into lending. But can we trust robots with loan origination quite yet? Upstart — a five-year-old online lender &8212; bets you can (and you must). In fact, #more #than 25% of Upstart’s current #loans are #fully #automated, Bank Innovation has learned. “We have made this progress […]
Bank Innovation
Getting an #installment loan for high-value transactions at the point of sale is nothing new. Venmoing (yes, it’s a verb now) a friend for your share of last night’s pizza is not a big deal either. But what if instead of a pizza, you need to pay someone for aRead More
Bank Innovation
A #syndicated loan exchange trial utilizing #blockchain being undertaken by a group of #banks alongside #startups R3 and Symbiont is moving ahead.
As part of a broader digital-first strategy, #Radius Bank partnered with #Gradifi, a Boston-based startup, to launch a new MasterCard debit card that will help members reduce #student #loans. The new debit card will be available in the fall, the company said this morning. Here’s how it works: costumers willRead More
Bank Innovation
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