Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Home
USA
Oldest
  • Latest
  • Oldest
  • Random
  • A to Z

USA

FintechNews RoundupUSA
·Dec. 20, 2016

Traditional Mortgage Lenders Experiment with Paperless Mortgages

Massachusetts lender Radius Financial Group has begun experimenting with an all paperless mortgage in recent months as they look to become more efficient in this technological age; the process includes DocMagic, the MERS loan registry, Fannie Mae and Santander Bank; so far they've been able to complete six applications; the savings seen are significant, $200 a loan and on average nine to 13 days by using an e-warehouse line as compared to the traditional warehouse line.  Source

Read Full Story
News RoundupOnline LendingUSA
·Dec. 20, 2016

IPO Not in the Near-Term Plans for SoFi

In May 2015 SoFi's CEO, Mike Cagney, said the company planned to go public within the next 12 months; current plans have changed and the CEO now says it has no plans for an IPO anytime soon; the market for online lending IPOs has been volatile in recent months; SoFi has also been significantly focused on expanding its products beyond just student loans to meet broader needs for its customers; the CEO says its business and expanding business lines subject it to quarterly fluctuations in reporting metrics which could be detrimental under public investor scrutiny; given the firm's positioning it could be one of the industry's leading beneficiaries of the OCC's new fintech charter which will allow for national standards; as of last year SoFi had a valuation of approximately $4 billion and currently it's involved in a $500 million funding round to increase loan purchases and potentially equity.  Source

 

Read Full Story
News RoundupOnline LendingUSA
·Dec. 20, 2016

SoFi Bank Accounts Coming in 2017 Says SoFi CEO

In a recent interview, SoFi CEO Mike Cagney stated, "We feel very confident that in 2017 you'll be able to have a SoFi bank account with a debit and/or credit card."; further details are not known on how SoFi plans to offer deposit accounts; Cagney stated the company is working on two or three initiatives; back in July Cagney told investors that getting a traditional bank license was not a viable solution; the company may be able to leverage the OCC's recently announced nonbank fintech charter.  Source

Read Full Story
News RoundupOnline LendingUSA
·Dec. 21, 2016

Affirm Appoints Rob Pfeifer to Chief Risk Officer

Rob Pfeifer has been appointed to chief risk officer at Affirm; was previously chief financial officer; Pfeifer has been with Affirm since March 2013; prior to Affirm, Pfeifer worked in various financial analysis roles; he has extensive experience in forecasting, reporting and deal transactions.

Read Full Story
News RoundupOnline LendingUSA
·Dec. 21, 2016

Citizens Bank Partners with Fundation to Offer Small Business Loans

Citizens Bank has entered into a partnership with Fundation to extend capital to small businesses; Citizens Bank will offer a digital solution so small businesses can apply and get a loan through one process; businesses who don't meet Citizens' credit profile will then be underwritten by Fundation; this is the second fintech partnership for Citizens Bank as they recently entered into a partnership with digital wealth management service SigFig.  Source

Read Full Story
News RoundupOnline LendingUSA
·Dec. 21, 2016

Argon Credit Files for Chapter 11 Bankruptcy

Marketplace lender Argon Credit has filed for Chapter 11 bankruptcy; its loan underwriting was centered around machine learning algorithms which it marketed as decisioning as a service; offered subprime loans from $2,000 to $35,000 with APRs ranging from 4.99% to 149%; in May 2015 it secured a $75 million debt funding investment from credit hedge fund, Princeton Alternative Funding; prior to that it had raised $5.05 million.  Source

Read Full Story
News RoundupOnline LendingUSA
·Dec. 21, 2016

Bank Partnerships a Positive Growth Factor for Avant in 2017

Avant's new partnership with Regions bank is helping growth projections and business development plans for the firm in 2017; Avant says the Regions partnership which began in October is expected to generate 25% of the firm's loan volume in 2017; the partnership includes referrals from Regions for customers who are not approved for loans; the firm also has four other partnerships planned for 2017; it plans to hire 125 new employees and is targeting monthly loan volume for 2017 of $250 million; also says it's launching a credit card product in July; the credit card will be offered to customers not approved for loans on the platform.  Source

Read Full Story
News RoundupOnline LendingUSA
·Dec. 22, 2016

Q3 2016 Prosper Data Available for Analysis at NSR Invest

NSR Invest, which allows Lending Club and Prosper investors to analyze loan data and direct investments, has made Prosper's Q3 data available; users can now backtest the most recent Prosper loan data and view trends of older vintages yet to reach maturity; originations for Q3 2016 totaled $311 million.  Source

Read Full Story
News RoundupOnline LendingUSA
·Dec. 27, 2016

Parasail Health Offering Healthcare Loans

Parasail Health has built a lending platform to support loans for healthcare expenses; firm has partnered with healthcare companies to provide alternative payment options for healthcare needs; Parasail currently has contracts with over 700 providers and has built integration capabilities for approximately 15 channel partners; offers loans and simplified payment processing for a range of healthcare expenses.  Source

Read Full Story
News RoundupOnline LendingUSA
·Dec. 27, 2016

Bizfi Originations Reach New High

Small business marketplace lender Bizfi.com has announced a new milestone; cumulative originations reached $2 billion in December; firm offers direct loans and provides a range of financing solutions for US small businesses including loans from alternative lenders and the Small Business Administration; platform has over 45 funding partners.  Source

Read Full Story
Load More

Popular Posts

Today:

  • Are We About to Make a Quantum Leap in Small Business Lending(1)Are We About to Make a Quantum Leap in Small Business Lending? Sep. 30, 2025
  • Sadi KhanInside Aven’s Founder Chic: Sadi Khan on Equity, Credit, and Cognitive Load Oct. 2, 2025
  • Luke Sikora JPMorgan Growth Equity PartnersJ.P. Morgan’s Growth Equity Partner Sikora Still Sees IPO Upside Sep. 23, 2025
  • Al AgentsThe Scramble to Build the AI Agent Economy Sep. 24, 2025
  • 5 Founders Driving Humanoid AIThe Humanoid Era: 5 Leaders Defining Physical AI Sep. 10, 2025
  • _Renton’s Take on AI x Banking; Fed Independence Weighs on Macro OutlookFraudsters Beware: Fintech is on the Case Sep. 16, 2025
  • Fintech Nexus – Newsletter Creative (2)AI Is Coming for the Customer Interface Oct. 1, 2025
  • Rain cofounders Farooq Malik and Charles Naut(1)On the back of the latest investment, Rain is harnessing stablecoins for credit infrastructure Mar. 27, 2025
  • Diya JollyXero’s CTO on building a ‘superagent’ for accounting Sep. 17, 2025
  • robot-mirror-editHow to Make AI Business Opinions Accurate and Useful Oct. 1, 2025

This month:

  • Are We About to Make a Quantum Leap in Small Business Lending(1)Are We About to Make a Quantum Leap in Small Business Lending? Sep. 30, 2025
  • Sadi KhanInside Aven’s Founder Chic: Sadi Khan on Equity, Credit, and Cognitive Load Oct. 2, 2025
  • Al AgentsThe Scramble to Build the AI Agent Economy Sep. 24, 2025
  • Zinnia CEO – Michele TrogniThe Nexus Profile: Zinnia’s CEO on Building the Rails for Financial Longevity Sep. 9, 2025
  • Diya JollyXero’s CTO on building a ‘superagent’ for accounting Sep. 17, 2025
  • 5 Founders Driving Humanoid AIThe Humanoid Era: 5 Leaders Defining Physical AI Sep. 10, 2025
  • SOLO CeoSOLO’s CEO on the data and banking dilemma Sep. 11, 2025
  • Revised-AI-InvoiceAI Faces Skepticism. Startups Say: OK, Pay When it Works Jun. 25, 2025
  • _Renton’s Take on AI x Banking; Fed Independence Weighs on Macro OutlookFraudsters Beware: Fintech is on the Case Sep. 16, 2025
  • Luke Sikora JPMorgan Growth Equity PartnersJ.P. Morgan’s Growth Equity Partner Sikora Still Sees IPO Upside Sep. 23, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results