SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign. Members are accessing more products across the company’s platform, and momentum in SoFi Money deposits continues to be underpinned by direct deposit members. Having run up...
Banks used to be the only game in town for small businesses looking to set up an account, get credit and hear advice about managing their cash flow. Luke Voiles, Chief Executive Officer of embedded solutions FinTech Pipe, told Karen Webster that the point...
Credit underwriting strategy can be an untapped competitive advantage for lenders. It turns out analytics can be used to automate and improve that too. To help financial institutions of all sizes customize their credit, pricing and fraud policies, the consumer and small business deposit and...
Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas of discretionary activity, including dining out and travel. But some stats and commentary from banks also hint at the pressures...
November 06, 2024
It was former Intel CEO Andy Grove who once said, “How well we communicate is determined not by how well we say things, but how well we are understood.” And according to Visa’s 2024-2025 Growth Corporates Working Capital Index, CFOs and treasurers want to be clearly understood that they are looking to their banks for […]
October 10, 2024
If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry...
October 09, 2024
Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers already shouldering that card debt,...
October 09, 2024
Embedded lending is all about the future of credit. As such, it has opportunities and challenges, even in developed markets like the United States. The PYMNTS Intelligence report “The Embedded...
October 24, 2024
Credit underwriting strategy can be an untapped competitive advantage for lenders. It turns out analytics can be used to automate and improve that too. To help financial institutions of all sizes customize their credit, pricing and fraud policies, the consumer and small business deposit and loan origination software solutions provider Amount has launched an AI […]
October 18, 2024
Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter standards for borrowers by instituting...
October 17, 2024
Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in lending and deposits. Commerce Bancshares,...
October 16, 2024
Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety of payment services for commercial...
