For online lenders, #small business #lending continues to grow into big business. Online lenders #continue to grow #their originations of small business loans, according to a new study released today by Washington D.C.-based economic research firm NDP. The Online lenders — including #OnDeck, #Kabbage, #Lendio as well as smaller ones like BlueVine or Mirador — have […]
Bank Innovation
#OnDeck is turning towards upgraded features, #expanded #partnerships, and higher-quality #borrowers to jolt its #originations back towards growth. The online small business lender reported $ 464 million in originations for this year’s second quarter, said CEO Noah Breslow during OnDeck’s earnings call this morning. This is down 19% from the $ 590 million OnDeck reported for the […]
Bank Innovation
#OnDeck is turning towards upgraded features, #expanded #partnerships, and higher-quality #borrowers to jolt its #originations back towards growth. The online small business lender reported $ 464 million in originations for this year’s second quarter, said CEO Noah Breslow during OnDeck’s earnings call this morning. This is down 19% from the $ 590 million OnDeck reported for the […]
Bank Innovation
Machine learning and artificial intelligence have made waves in the lending space recently, but #human underwriters are by far not out of the picture. That’s according to #OnDeck’s Chief Financial Officer Howard Katzenberg. “What we want to do is be great at both the algorithmic and analytic part, as well as [maintain] a human element,” […]
Bank Innovation
#OnDeck Capital Inc. is keeping up with its “hybrid” #funding model to withstand the rockiness of marketplace lending, COO James Hobson said. In its latest earnings report, the lender said that only 15% of its originations were funded through marketplace lending, compared with 35% to 45% in the fourth quarter ofRead More
Bank Innovation
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