PYMNTS
JUNE 26, 2020
This is because many legacy FIs in particular are still reliant upon legacy infrastructure, which is simply not designed to handle the sheer volume of data generated in today’s digital banking sphere. Developments Around the Cloud Banking World. Why the Pandemic Is Pushing Legacy F Is’ Cloud Migrations Forward.
American Banker
FEBRUARY 26, 2016
The nation's largest marketplace lender announced changes Friday to its partnership with Utah-based WebBank. The revisions are designed to preserve Lending Club's ability to ignore state interest rate caps.
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Fintech Labs Insights
APRIL 15, 2022
While it’s difficult to profit from the deposit side of the business, business lending can be highly lucrative. And most, if not all, challenger banks have lending on their short-term roadmap. The SMB Challenger Bank Class of 2022 (so far). HQ: Salt Lake City, Utah. Status: Accepting account applications.
Gonzobanker
DECEMBER 17, 2021
million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. We salute a legend of lending and credit union leadership.
Fintech Labs Insights
MAY 12, 2021
A defunct Canadian bank, Bayshore Trust, launched the first online loan application in March 1996. Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Salt Lake City, Utah. Online Digital Banks for Small Businesses (SMB) May 2021. 1,050,000. SmartBiz Loans. 1,350,000.
Fintech Labs Insights
NOVEMBER 19, 2021
A defunct Canadian bank, Bayshore Trust, launched the first online loan application in March 1996. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. HQ: Salt Lake City, Utah. Related: Top 17 Online Digital Corporate Credit Cards for Small Businesses (Dec 2021).
Fintech Labs Insights
NOVEMBER 30, 2015
Digital bank. Mortgage lending platform. Alt-lending platform. Lending portal. HQ: Salt Lake City, Utah. Tags: Consumer, savings accounts, certificates of deposit, banking. So far this year, venture funding in the fintech sector have totaled $17.8 Latest round: $128 million ($230 million valuation).
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