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LendingClub breaks ground with Radius Bank acquisition 

Bank Innovation

LendingClub, the publicly traded digital-lending marketplace, announced Tuesday that it is acquiring Boston-based Radius Bank, which has $1.4 billion in assets and is partnered with several fintech companies. LendingClub will pay $185 million for the acquisition, which the company expects to pay for itself in less than two years.

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Celent Model Bank Awards 2017: Banking Products Innovation

Celent Banking

Lending Product — for the most impressive consumer or business lending or collections initiative. Product Innovation — for demonstrating the ability to launch multiple innovative products. Join us for the 10 th annual Innovation and Insight Day on April 4 th in Boston.

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Celent Model Bank Awards 2017: Banking Products Innovation

Celent Banking

Lending Product — for the most impressive consumer or business lending or collections initiative. Product Innovation — for demonstrating the ability to launch multiple innovative products. Join us for the 10 th annual Innovation and Insight Day on April 4 th in Boston.

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Can Fintech Pave a Way for Financial Inclusion?

Bank Innovation

Federal Reserve Governor Lael Brainard addressed barriers to financial inclusion at a conference hosted by the Boston Fed and the Aspen Institute in Boston on Oct.

Boston 186
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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

But Boston Consulting Group (BCG) says generative AI serves a fundamentally different purpose than predictive AI, which is the powerful tool with which many financial institutions are already familiar. Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence.

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Congratulations to All Celent Model Bank 2017 Award Winners!

Celent Banking

Many of us at Celent just came back from a busy and exciting week in Boston. Undoubtedly, the highlight was attending Celent's Innovation and Insight Day on April 4th, where we celebrated achievements of the Model Bank and Model Insurer award winners. Lending Product. Consumer Banking Channel Innovation.

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SWIFT Warns India Of ‘Unprecedented’ Rise In Corporate Loan Defaults

PYMNTS

Businesses are largely behind the push, with government initiatives promoting a digital economy and FinTech innovators targeting corporate payments and finance in addition to their consumer-focused endeavors. With BCG and SWIFT urging banks to take “immediate action,” some banks have chosen to pivot away from corporate lending.

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