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"At some point there will probably be a government agency telling us to do this. So why not start now?" says MultiFunding CEO Ami Kassar.
October 27 -
Customers Bancorp in Wyomissing, Pa., is building an online borrowing experience for its small-business clients.
October 27 -
The ease of comparing rates online will make it hard for industry pioneers like Lending Club and OnDeck to keep generating high-margin loans, some observers believe.
October 26
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Skills Fund, which has raised $11.5 million in seed capital, is one of several lenders targeting students hoping to boost their salaries by quickly learning how to write computer code.
October 22 -
OnDeck Capital, Lending Club, Funding Circle and Kabbage in the last week have all announced moves designed to boost their loan volumes.
October 21 -
Springleaf's proposed acquisition of Citi's OneMain Holdings is being delayed by the Justice Department, which appears focused on preserving competition at the local level even as a raft of new subprime installment lenders are popping up on the Web.
October 19
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American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
October 16
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The pioneering online lender Kabbage has raised $135 million in new equity financing, with three large multinational banks among the lead investors, the company announced Wednesday.
October 14 -
Banks are being "unbundled" by challengers in numerous business lines, but they can recapture the relationship with the help of technology and the right mindset.
October 13
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October 9
