article thumbnail

Office Lending – Here is Why It is Not as Bad as The Market Thinks

South State Correspondent

In this article, we highlight the state of the bank commercial real estate office lending sector and make an argument about why banking might be better off than most analysts think. The State of Office Lending Risk – Traffic 2024 will mark the fifth consecutive year where office demand has declined.

Lending 195
article thumbnail

Digital Mortgage Technology Platform Blend Raises $100M in Funding

Bank Innovation

Digital mortgage technology startup, Blend, raised $100 million in a Series D round, bringing its total funding to $166 million, the company said Thursday. Based in San Francisco, Blend was established […]. Based in San Francisco, Blend was established […].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo Discloses It Will Add ‘Open Fintech’ Features to Home Loan Platform

Bank Innovation

will add additional enterprise-level digital capabilities, APIs, and SDKs to its Home Lending platform. The additional APIs and SDKs should allow more integrations with other technology services and applications. The San Francisco-based bank disclosed the plan in a job posting today. Wells Fargo & Co.

article thumbnail

With new funding, Nova Credit to expand auto finance and mortgage businesses 

Bank Innovation

Nova Credit, a startup whose technology helps banks underwrite immigrants, is growing its auto finance and mortgage offerings. The San Francisco-based company, which partners with such large institutions like American Express, allows institutions to pull foreign credit data to develop U.S.-equivalent

article thumbnail

12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

article thumbnail

Blend expands toolkit to help banks cross-sell other products

Bank Innovation

Blend, a startup that sells its mortgage application technology to banks, is enhancing its toolkit to help its clients cross-sell other financial products to consumers. The San Francisco-based company, which counts incumbents like Wells Fargo and U.S.

article thumbnail

MUFG, Banco Bradesco to Use Blockchain for Cross-Border Payments

Bank Innovation

MUFG Bank and Banco Bradesco will use distributed ledger technology from Ripple, a San Francisco-based software vendor specializing in global real-time settlements, to create a new cross-border payment service between Japan and Brazil.