Cyber and security professionals showed a charming willingness to provide personal information to a #fake #company with a fake #product set up for International #Fraud Awareness Week.
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
#Green Dot Bank’s “banking-as-a-service” #revenue has just about equaled #product revenue, and may soon eclipse it, CEO Steve Streit said on yesterday&8217;s earnings call. This could have profound implications not just for Green Dot, but for the future of banking. This is the essence of open banking by another name — #banks opening up their rails and […]
Bank Innovation
Payment processor #Stripe’s latest platform puts it head to head with #Marqeta, a major player in the card-issuing market. Yesterday, Stripe unveiled an end-to-end platform that lets businesses create, distribute and manage both physical and virtual cards. The #product is called Stripe Issuing and is being rolled out through an “invitation-only” format right now. This […]
Bank Innovation
PREMIUM — APIs — application programming interfaces — are still in their early days in banking, but are starting to show their promise. Data is flowing from your account to third party service providers in your mobile device and beyond, so you are never far away from knowing how much money you don’t have. APIs […]
Bank Innovation
EXCLUSIVE – #Elevate #Credit will launch a new credit #card #product that targets #subprime clients in June, for which the company has teamed up with #Mastercard. “One of the unique things about this card is that, unlike most subprime credit card products whose credit lines tend to be below $ 500, this one is significantly larger,” […]
Bank Innovation
EXCLUSIVE—#Greenlight #Financial #Technology Inc., a PFM that provides “smart debit cards” to more than 100,000 users to begin financial literacy conversations with their children, is launching a #credit #product. “We’re working on several things for 2018—what we’re doing seems to be resonating,” Greenlight CEO and co-founder Tim Sheehan told Bank Innovation. “Credit is interesting, investing …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
EXCLUSIVE – Nearly a third of Americans have low #FICO scores, and this can mean difficulties in securing loans to pay for higher education. It’s easy to see how this issue contributes to an ever-widening gap between rich and poor. #Student #lending company #Climb #Credit is taking on this challenge by offering loans that do […]
Bank Innovation
EXCLUSIVE – Business software provider #Intuit today launched its first loan #product through #QuickBooks called QuickBooks #Capital. Users will be able to access the product in the homepage of their existing accounts with QuickBooks. These products are short term working capital loans ranging from $ 5,000 to $ 35,000 over a period of three to six months. […]
Bank Innovation
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