article thumbnail

No one-trick pony: How Ally got to $100b in deposits

Bank Innovation

With the rise of digital-only challenger banks, it’s easy to overlook Ally Bank. But Detroit-based Ally, which has no branches, was the one of the earliest digital-only banking players, rolling out a product suite a decade ago when it rebranded from General Motors Acceptance Corporation.

Detroit 210
article thumbnail

Top 28 Digital Lenders to U.S. Small Businesses

Fintech Labs Insights

Naturally, we were excited about it, naming it the biggest innovation of the year. A defunct Canadian bank, Bayshore Trust, launched the first online loan application in March 1996. Online Digital Banks for Small Businesses (SMB) May 2021. So, the capability has existed for 20 years. Lighter Capital. Fund that Flip.

Atlanta 15
Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 26 Digital Lenders to U.S. Small Businesses (SMB, May 2021)

Fintech Labs Insights

Naturally, we were excited about it, naming it the biggest innovation of the year. HQ: Detroit. Online Digital Banks for Small Businesses (SMB) May 2021. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind ( note 1 ). So, the capability has existed for 20 years.

Atlanta 15
article thumbnail

Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Fintech Labs Insights

Naturally, we were excited about it, naming it the biggest innovation of the year. HQ: Detroit. Related: Top 17 Online Digital Corporate Credit Cards for Small Businesses (Dec 2021). Online Digital Banks for Small Businesses (SMB) November 2021. So, the capability has existed for 20 years. Fund that Flip.

Atlanta 15
article thumbnail

24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. Eldercare has long been a target for technological innovation, with advocates highlighting the practical and infrastructural challenges presented by 73M baby boomers aging into their retirement years.

Industry 101