Almost two out of every three consumers are comfortable opening new accounts digitally, compared to less than half saying they prefer to manage their existing loan accounts that way, according to PYMNTS’ February 2022 edition of “Account Opening And Loan Servicing In The Digital Environment”....
Home improvement financing technology platform PowerPay on Wednesday (Feb. 23) announced it has integrated with home improvement contractor and remodeler sales software platform Leap, giving users access to all PowerPay financing products. That access includes a no-dealer-fee program with 15-year terms, rates starting at 4.99%,...
Online used car buying and selling platform Vroom has unveiled the pricing of its first auto loan securitization offering of $296 million, the company said in a news release Thursday (Feb. 10). Vroom said the securitization is a private offering, which will see its recent...
Food delivery service DoorDash Inc. will offer financing on its app to restaurants that need business loans through the new DoorDash Capital program, according to a Bloomberg report Wednesday (Feb. 9). DoorDash Capital merchants can apply for financing to pay for business operations, including buying...
As restaurant and grocery aggregators increasingly find new revenue streams to offset delivery losses, DoorDash is getting into lending. The food delivery giant announced Wednesday (Feb. 9) that it is partnering with financial services technology company Parafin to launch DoorDash Capital, through which the delivery...
As FinTechs gain ground within financial services, as banks partner with these digital-first upstarts to broaden their offerings, several business practices are coming under scrutiny and under fire. To that end, a coalition of advocacy groups is pushing regulators in the U.S. to investigate the...
A Mexican lender is taking DeFi borrowing beyond crypto and into the broader financial market, extending $40 million in credit lines to small business customers. Decentralized finance, or DeFi, has been touted as a threat to traditional financial institutions that can be disintermediated by peer-to-peer...
With 2021 done, 2022 looms as a landscape of challenge and opportunity for financial services providers. The recent announcement that the Federal Reserve would look to raise interest rates as soon as next month begs the question of just how ready we are for the...
When the parent of Rocket Mortgage announced late last month it was spending roughly $1.3 billion in cash to purchase the personal finance site Truebill and its 2.5 million users, it was touted as a way to accelerate Rockets’ vision to “help clients in complex moments”...
