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Some institutions say the combination of chatbots and social media could entice new borrowers, but burdensome legacy systems may limit their effectiveness.
February 20
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The company will nearly double the amount of marine loans on its books after buying a division from People's United.
February 19
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Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.
February 19
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The challenge for other fintechs will be to find banks that are as compatible as Radius Bank, an online-only lender, is for LendingClub.
February 19
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The Western Michigan city has been a hotbed of credit union activity given its low unemployment rate.
February 19
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The move comes as the fintech tries to shake off criticism that its main products are payday loans by another name.
February 19
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When established card networks such as Visa, American Express and Mastercard start investing in fintech lending platforms such as Divido and ChargeAfter — as well as in the fintech lenders themselves such as Klarna and Vyze — it’s a clear signal that the future of unsecured personal loans may not be delivered by banks.
February 19
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The game has changed and bank executives will have to do more homework before striking a deal.
February 19
CCG Catalyst -
Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.
February 18
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CardWorks also specializes in subprime credit cards and loans for recreational and marine vehicles.
February 18
