Gregory Keough has been instrumental in providing an industry solution for emergency financing relief through his platform Finova Financial; the firm was founded to provide a consumer friendly emergency consumer loan product with the goal of being a gamechanger for the high risk payday lending industry; in addition to the recognition of the firm's CEO, Finova has also recently received several other industry accolades including: the US Firm of the Year award for Lending Innovation by the 2017 Fintech Awards, nomination to the Fintech 100 list of the world's leading financial technology innovators and the Consumer Affairs partner accreditation. Source
DecisionHawk seeks to provide a service for advising and educating small businesses on market financing options; the firm is led by entrepreneurs experienced in business owner consulting; they have released DecisionHawk, a software solution offering problem solving, education and collaboration; driven by big data analytics DecisionHawk can be used for a range of business decisions including: debt capital financing, equity capital financing, business insurance and business referrals. Source
Online real estate investing marketplace RealtyMogul has announced it will now allow self-directed IRA investment through its MogulREIT I; provides the benefit of passive investment income through a retirement account; MogulREIT I will also now allow for automated dividend reinvestment which can help add to compounding returns for IRA accounts; the product has also announced the inclusion of two new property investments located in San Antonio, Texas and West Chester, Pennsylvania. Source
LoanPaymentPro will be exhibiting at LendIt USA 2017; at the event the firm will be launching an advanced form of its Zero-Dollar Authorization (ZDA) technology; the ZDA technology provides lenders with a system for bankcard validation and account verification; through use of ZDA technology lenders can significantly lower their risk of fraud and defaults. Source
Aspire Financial Technologies has released new analytics and forecasting features on its Aspire Gateway Platform; the new tools will provide enhanced analytical capabilities for the originators, investors and banks utilizing the platform; clients will now be able to develop complex loan model portfolios with data from Aspire's data partners: Lending Club, Marlette Funding, Prosper and Progressa. Source
Lending data solutions provider Envestnet|Yodlee has released Risk Insight Suite; Risk Insight Suite builds on the firm's data aggregation and analytics capabilities, providing lenders with a broader solution for obtaining data and evaluating a more comprehensive set of consumer and business data for loan underwriting; the Risk Insight Suite can potentially provide broader access to credit by including expanded profile information from sources such as a borrower's financial institution with data on assets, income and expenses. Source
Unison has reported new funding that brings its total capital raised to $300 million also announcing new leadership appointments; the new capital will help the company continue its focus on providing more affordable home ownership for US consumers; the funding round included Ron Suber of Prosper Marketplace who will also join the firm as a strategic advisor; the firm has recently added several new executives focused on sales and marketing. Source
Professional Bank Services and Austin Associates have merged to form ProBank Austin with offices now in Louisville, KY, Nashville, TN and Toledo, OH; Professional Bank Services specializes in a range of risk management services for community banks including compliance, safety and soundness, audit and management consulting, as well as M&A advisory, also offering education and training to financial institutions, state banking associations and government agencies; Austin Associates provides consulting and investment banking services including M&A advisory, a variety of strategic planning services for stress testing and profitability analysis, and technology software solutions including the firm's LoanPricingPro software; the combination of the two firms will create one of the nation's most robust community bank consulting and investment banking firms. Source
LendingOne has launched a lending system for fix and flip lenders in the real estate industry; according to the firm's press release, the platform provides originators with advanced technology to streamline all aspects of the loan-underwriting, closing and servicing processes; with the launch, private lenders can now utilize the LendingOne system to offer more competitive pricing for borrowers; through the system lenders can also subordinate a portion of fix and flip real estate loans. Source
ID Analytics introduced the Online Lending Network in October 2016 with the goal of providing greater resources to lenders for mitigating fraud; Online Lending Network members access internetwork supplied data and information from ID Analytics for greater detection of fraudulent loan applications and loan stacking; ID Analytics reports that the network has achieved visibility into 75% of US domestic marketplace lending activity since inception with membership increasing by 50% since its launch. Source