It wasn’t too long ago that the suggestion that social media data could feed financial services underwriting and products was, well, dubious. Yes, we paid it lip service — isn’t it cool that OnDeck and Lenddo are using social media to make loans? The lip service ends today. Like a slow-moving glacier thatRead More
Post Tagged with: "underwriting"
Lenddo Lenddo is like Klout for your credit score. Using the number and quality of your social connections to help determine your creditworthiness, Lenddo is looking to bring fair lending to those who might be denied credit from traditional sources. Based in the Philippines, Lenddo has a strong following amongRead 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
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.
Intuit Financial Services is “actively” working on allowing their customers to open accounts through their mobile, including tablet, applications, Bank Innovation has learned.