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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148
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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

How do we balance strategic direction, customer demand, and the futurist or wildly over-caffeinated millennial that tells us we have to implement every shiny new object or we'll die? Sticking with the Apple theme, in 2007, they launched the iPhone. Maybe those millennial futurists don't remember this. Much to my chagrin.

Apple 66
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Don't Bank. SoFi

Jeff For Banks

After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 Similarly, SBA guarantees reduce risk for small business lending. In 2007-08, the first asset class impacted was residential mortgages. billion in equity capital since its founding in 2011.

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Consumer Credit Update for 2Q 2023

South State Correspondent

Gen Z and Millennials are now using credit on their cards which was not seen before 2020. the rate of increase is greater) than the 2007/2008 experience. There are issues with Fair Lending around trying to mitigate this risk, so banks are cautioned to proceed with counsel and risk review. This is a potential red flag.

Trends 195
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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

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OnDeck Adds New Small Business Lending Options

Fintech Labs Insights

.” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014. And last month, the company teamed up with Intuit to launch a $100 million lending fund for small businesses.

Lending 12
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The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook

PYMNTS

2007, most people remember a different date as “real” start to the Great Recession: Sept. Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St.

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