#LendTech / Figure Technologies applies for bank charter

Figure Technologies, a blockchain-based startup for providing loans against mortgage equity, has become the latest fintech player to apply for a bank charter. Figure has originated more than $1 billion of home equity lines of credit since launching in 2018 and is planning to pilot a small-dollar instalment-loan product in January… https://www.finextra.com/newsarticle/36900/figure-technologies-applies-for-bank-charter

#LendTech / US fintech lender Upstart Holdings files for IPO

Upstart’s head, Dave Girouard, previously served as Google Enterprise’s president. He oversaw the Big Tech’s $1 billion cloud apps business worldwide. The cloud-based lending platform uses artificial intelligence (AI) to boost loan approval rates for consumers at lower interest rates. Last month, the company announced it had hired more than 100 engineers since it founded.Continue reading “#LendTech / US fintech lender Upstart Holdings files for IPO”

#LendTech #AI / DKB rolls out robot-approved loans

Deutsche Kreditbank has introduced a robot credit checker to approve online loan applications within minutes. New applicants only need a smartphone or a computer with a webcam, their identity card and online access to their salary account. Approval happens within minutes and is sealed by a digital signature. [DKB:] "More and more consumers are currentlyContinue reading “#LendTech #AI / DKB rolls out robot-approved loans”

#LendTech / Remitter partners with Alchemy to improve collections performance

Remitter USA, an AI-powered digital communications platform used to improve payment recovery has announced a new partnership with Alchemy Technologies, a FinTech infrastructure development company that powers global FinTechs, banks and financial services. Under the collaboration, both the companies will work together to streamline and automate recovery efforts for creditors in the financial services industryContinue reading “#LendTech / Remitter partners with Alchemy to improve collections performance”

#SME / OnDeck Originated $148M in Loans in Q3, is Moving Full Speed Ahead

[Enova’s CEO:] “We have basically all of our marketing channels turned on across consumer and small business [lending]… OnDeck is probably a little bit ahead of where we are on the Enova side. We were a little bit more cautious in our re-acceleration of our lending kind of going into the 3rd quarter but weContinue reading “#SME / OnDeck Originated $148M in Loans in Q3, is Moving Full Speed Ahead”

#LendTech / Curve taps Thought Machine for new credit product

UK fintech Curve began life as a way for people to consolidate multiple cards and accounts into one smart card and app. It is now branching out through Curve Credit, which will allow its users to spread payments over three, six, or nine-month periods. Thanks to Thought Machine’s core platform and Curve’s ‘Go Back inContinue reading “#LendTech / Curve taps Thought Machine for new credit product”

#LendTech / Introducing Varo Advance: Instant Cash Access up to $100

Designed to help customers proactively manage their finances, Varo Advance offers instant access to up to $100 cash right in the Varo Bank app. With a fixed, transparent cost structure – no tips, no hidden fees, and no instant access fees – Varo Advance provides an advance of up to $20 for free, with aContinue reading “#LendTech / Introducing Varo Advance: Instant Cash Access up to $100”

#LendTech / Argyle raises $20 million to be the ‘Plaid for employment records’

The New York-based startup launched in 2018 with the mission of unlocking and democratizing access to employment records. Essentially, it gives companies and institutions – such as banks, lenders and insurance companies – a quick and easy way to access an applicant’s employment records. And it does it in such a way that the employeesContinue reading “#LendTech / Argyle raises $20 million to be the ‘Plaid for employment records’”

#BNPL / PayPal vs Klarna: US payment giant launches rival ‘buy-now, pay-later’ service

PayPal’s Pay in 3 is identical to Klarna’s offering, and similar to those of Laybuy and Afterpay/Clearpay, letting you split payments over a number of months interest-free. The US payments group announced a handful of launch partners including Crew Clothing, French Connection and Robert Dyas who will be rolling out the service in the UKContinue reading “#BNPL / PayPal vs Klarna: US payment giant launches rival ‘buy-now, pay-later’ service”