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Regions Bank Plucks New CIO From FinTech Arena

PYMNTS

The latest example of this comes from Regions Bank at its corporate headquarters in Birmingham, Ala. Prior to joining the Regions Bank community, Duggirala served as the CTO of Kabbage, a small business lender. While at Kabbage, Duggirala was responsible for moving the ball forward on the company’s lending platform scalability.

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The new 4 C’s of commercial lending

Celent Banking

Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision. Cost of compliance. Changing client expectations. Competition from new entrants.

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Avant Brings SaaS Lending Tech To Banks

PYMNTS

We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. Avant launched its first bank partnership with Alabama-based Regions Bank in 2016, using its SaaS product.

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MercadoCredito Cracks The Code On Lending To The Un- And Underbanked In Brazil

PYMNTS

I mean, throughout the Latin American region that has happened, but it has been massive in Brazil. When we began underwriting operations back in 2016, we had a certain level of performance, and we’ve been improving a lot because with more history our models are strong so we can make better credit decisions.

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The impact of lower energy prices on banks

Abrigo

Analysts examined banks with at least 25 percent of deposits held in oil- and gas-dependent counties in order to investigate the impact of direct lending to local oil and gas firms and indirect lending to companies servicing the sector. Lower energy prices have had only a modest effect on banks’ profitability and capital adequacy.”

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Singtel, Grab Team Up To Launch Digital Bank In Singapore

PYMNTS

The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions. Grab, which started out as a ridesharing company, has been introducing finance apps and payment solutions since 2016. Singtel CEO Arthur Lang said the company’s mission is to be an enabler of change.

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LendingClub Settles With SEC, DOJ

PYMNTS

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. The Response.

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