Consumer lending fintech leaders look ahead to 2024
For our last post of the year, I thought we would do something a little different. I reached out to the CEOs of every major consumer lending fintech to ask for commentary on 2024. Most responded to me...
View ArticleWill Embedded Finance Make Software Companies the New Community Banks?
It’s hard to overstate the importance of small businesses to our economy. They account for nearly half the private sector jobs and almost as much of GDP. Keeping small businesses healthy is in the...
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Neu helps students build credit and avoid the debt trap
Neu’s path to success will produce financially literate college graduates and a strong bottom line. The journey began in late 2023 with the release of the Neu Card, whose attributes include no late...
View Article2024 Update on Silicon Valley Bank: Fintech Focus Persists While Competition...
Nick Christian, head of national fintech and specialty finance at Silicon Valley Bank, wants startup founders to know that his banking service – now a division of First Citizens Bank – is back in...
View ArticleEvery lender has a fraud problem, but AI-powered detection is here to help
If you’re a lender, you have a fraud problem! Fraud is an unfortunate reality of every single lending business, because if your product is money, someone will try to steal it. As a potentially major...
View ArticleIn 2024, Lenders Need a Better Delinquency Strategy
At some point, nearly every customer experiences a missed payment. Life is hard, something unexpected happens, and people find themselves without the funds to make ends meet. This is especially true...
View ArticlePlaid is Everywhere in Fintech Today
The breakthrough technology that Plaid created over a decade ago was the ability to connect in real-time to almost every bank and credit union in the United States. This had never been done before and...
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What your B2B customer really wants
As B2B payment technology catches up to other areas of fintech, TreviPay CEO Brandon Spear said exciting trends are emerging. In late 2023, TreviPay released the B2B Buyers Payments Preference Study....
View ArticleImproving Merchant and Consumer Financial Wellness with Embedded Lending
We’re starting to see troubling indicators that the credit crisis, which eased as people paid off their cards during the pandemic, is creeping back up. Delinquencies rose at the 30-, 60- and 90-day...
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Fintech Kueski takes BNPL to Amazon Mexico
Mexican firm Kueski has joined forces with retail behemoth Amazon in a strategic move that will see the fintech offering its Buy Now, Pay Later services on Amazon’s marketplace in the country. This...
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Affirm produced another solid earnings report; the market wanted more
Affirm presented earnings (PDF Supplement here) after the bell today and they produced an impressive report, exceeding analysts’ expectations with solid growth in all areas of the business. The BNPL...
View ArticleBeem partners with TruStage to offer additional financial protection in case...
Can a super app get even more super? That looks to be the case with Beem, the multi-service platform already packed with financial services including tax filing, roadside assistance, credit monitoring...
View ArticleBanks and merchants can successfully balance accessibility with responsible...
A common challenge merchants face is offering bank loans to their customers at the place of purchase. Integrating with bank systems is no easy feat; hence, merchants initially turned to fintechs for...
View ArticleUpstart reports decent Q4 2023 earnings but provides weak guidance
Upstart reported earnings (see PDF presentation here) after the bell yesterday and overall it was a somewhat positive report, beating analyst expectations for both earnings and revenue. But any good...
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Lendbuzz uses AI to disrupt assessments, earns $219M AAA securitization
Lendbuzz blends its founders’ early credit experiences with artificial intelligence (AI) to disrupt traditional assessment methods and widen the pool of credit-worthy individuals. And with the...
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TransUnion’s TruVision Consumer Property Insights for Portfolio Management...
TransUnion’s new TruVision Consumer Property Insights for Portfolio Management solution protects borrowers and lenders alike by providing a more holistic view of potential risks posed by property...
View ArticleDigital lending leaders should always be prepared for a liquidity crunch
The severity of a liquidity crunch for digital lenders cannot be overstated, as it poses significant challenges to their operations and the broader financial ecosystem. When liquidity becomes scarce,...
View ArticleTruStage delivers Payment Guard Insurance as digital lending insurance solution
It began with a problem years ago, back when consumers started shifting online, particularly when financial transactions started going digital. As borrowers gravitated to the Internet to do business...
View ArticleWhat do economic changes mean for digital lenders?
Lending acts as a fundamental driver of economic vitality, facilitating investments, consumer spending, and broader economic expansion. Its intricacies are closely linked with the prevailing economic...
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Many Millennials, Gen Z Thin-File Consumers Make Good Credit Bets: Open...
A new report from Open Lending and TransUnion dispels the myth that many thin-file consumers, especially Millennials and Generation Z, are more risky. By digging deeper into available data, lenders...
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