Loan Decisioning news and trends

Rich Data Co to Accelerate Expansion of AI Decisioning Platform
artificial intelligence // August 05, 2024

Australian company Rich Data Co (RDC) has secured an additional AU$9 million (about $5.9 million) in funding to accelerate the expansion of its artificial intelligence (AI) decisioning platform for business and commercial lenders in North America. This new funding from Acorn Capital follows the initial...

SavvyMoney Debuts Personalized Loan Offer Automation Tool
Loans // July 22, 2024

Credit score solutions company SavvyMoney has debuted an offer automation tool for financial institutions (FIs). The offering, dubbed “Get My Rate,” is the first personalized offer automation tool created specifically for FIs, the company said in a news release Monday (July 22). “Unlike other conventional,...

CFPB and European Commission Open Dialogue About Digitization of Finance
CFPB // July 17, 2023

As financial services become more digital, consumer advocates on both sides of the Atlantic are taking notice. To that end, Didier Reynders, commissioner for justice and consumer protection of the European Commission, and Rohit Chopra, director of the U.S. Consumer Financial Protection Bureau (CFPB) announced Monday (July 17) they...

Quick Reads
Lama AI and Bridge Partner to Connect Businesses and Lenders

August 21, 2024
Lama AI and Bridge have partnered to expand the availability of commercial loans. With this collaboration, the financial institutions using Lama AI’s artificial intelligence (AI)-powered origination technology will be able to access Bridge’s marketplace that connects business owners and lenders, the companies said in a Wednesday (Aug. 21) press release. This offering will enable banks […]

Rich Data Co to Accelerate Expansion of AI Decisioning Platform

August 05, 2024
Australian company Rich Data Co (RDC) has secured an additional AU$9 million (about $5.9 million) in funding to accelerate the expansion of its artificial intelligence (AI) decisioning platform for business...

SavvyMoney Debuts Personalized Loan Offer Automation Tool

July 22, 2024
Credit score solutions company SavvyMoney has debuted an offer automation tool for financial institutions (FIs). The offering, dubbed “Get My Rate,” is the first personalized offer automation tool created specifically...

CFPB and European Commission Open Dialogue About Digitization of Finance

July 17, 2023
As financial services become more digital, consumer advocates on both sides of the Atlantic are taking notice. To that end, Didier Reynders, commissioner for justice and consumer protection of the...