Bank Innovation
APRIL 19, 2019
The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.
PYMNTS
AUGUST 7, 2020
the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. You’re seeing a low-rate environment in conjunction with decreased (mortgage) applications,” Michael Underhill, chief investment officer for Capital Innovations, the Wisconsin-based firm that invests in IPOs, told Reuters. “So,
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BankInovation
JULY 17, 2020
The Detroit, Mich.-based Ally Financial is reigning in its appetite for new business growth, a pivot that has prompted a mutual termination of its pending CardWorks acquisition as it retreats to focus on its existing business lines, CEO Jeffrey Brown said on the company’s second-quarter earnings call today. based Ally, which has $182.5
PYMNTS
JUNE 25, 2020
And this, Unison CEO Thomas Sponholtz told PYMNTS in a recent conversation has pretty much been in its terms of innovation in the world of homeownership financing since the mortgage was invented in 1192. ” Unison offers its services to both potential homebuyers and homeowners with equity in their properties.
PYMNTS
AUGUST 27, 2018
The new LLC, which is structured to take on third-party investments, will be primarily based at Ford’s Corktown campus in Detroit, and will hold Ford’s ownership stake in Argo AI, its self-driving system development partner. Ford said $1 billion of the $4 billion will go to Argo AI.
William Mills
APRIL 20, 2017
This discussion focused on the intersection of the digital and physical worlds and innovation. Tony Garritano from Progress in Lending held an Innovations Awards event at the London House which showcased seven companies in the mortgage industry that are leading the way in compliance, eClosings, appraisals and information management.
Fintech Labs Insights
MAY 12, 2021
Naturally, we were excited about it, naming it the biggest innovation of the year. Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Detroit. 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 ). Lighter Capital.
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