A few weeks ago Yodlee partnered with Vanguard to practice wealth management. Now the firm’s palette is expanding yet again, to leverage its data to help FIs provide loans to the underbanked. Today, Yodlee is releasing Risk Insight, a way to automate the logistical toils of evaluating potential borrowers’ credit. The toolRead More
Post Tagged with: "loans"
Is it best to dip a toe in the water, or jump in for a cannonball? According to Square, a slow and constant march into the wading party beats both. The payments company announced today it would move beyond cash advances into a more general loan product. This may meanRead More
Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than threeRead More
Today, the Consumer Financial Protection Bureau began accepting complaints regarding online marketplace lending. While no official regulations have yet been placed on online marketplace lending or investors, many industry watchers suspect this move is a prelude to the introduction of formal regulation in the online marketplace lending sector. Complaints received byRead More
Affirm, the lending startup piloted by PayPal co-founder Max Levchin, recently announced plans to report its loan data to the credit bureaus. This will help customers with thin files, particularly millennials, to bolster their credit histories. Affirm provides point-of-sale loans that allow customers, particularly millennials, to finance purchases with participatingRead More
I was watching Brett King’s enlightened video introducing his new book this morning, and I found myself nodding in agreement. Yes, the central value proposition of branches seems flawed. But then I pulled up the mortgage refinance “information questionnaire” my loan broker recently sent me. See, I want to refinanceRead More
Community banks are gaining a new tool option to better track their loan portfolios. The thrust of the new offering, called Bank Operating System, allows FIs to peek inside their existing loan-production pipelines and portfolios through a dashboard, doc manager and reporting.
A white picket fence, two cars and a cottage isn’t the dream of all Americans. Certainly, it’s not mine. (Which is a good thing – I’d be a long way off from affording the lifestyle.) Some simply dream to take impromptu vacations to Costa Rica, while others hope to just buy a solid bed without busting the bank account.