Regionals step on gas in retail loans as commercial lending sputters

BankThink

Citizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. Earnings Consumer lending Mortgages Home equity loans Regional banks Citizens Financial SunTrust Regions Bank Rhode Island Georgia AlabamaThey want to keep it up to compensate for slack in commercial lending.

Citizens' AI drive hits a wall — commercial loan processing

BankThink

An executive at the Rhode Island company said the complexity of business lending remains an obstacle to switching to entirely automated, paperless operations. Machine learning Artificial intelligence Commercial lending Commercial banking Fintech APIs CIO Citizens Bank Green Dot

25 Million Mobile Users, Only 2 Million on Bank of America’s Erica

Bank Innovation

Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Exclusive Innovations Mobile Open Fintech Payments PFM Premium Retail Social Media Bank of America Capital One Chase Eno Erica ZelleBank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica. That's not even 8%.

The United States Of Fintech Startups

CB Insights

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. The most well-funded US fintech startup is SoFi, with $2.5B

The United States Of Artificial Intelligence Startups

CB Insights

They include cybersecurity company StackPath ($180M) and fintech companies Opera Solutions ($122M) & Petuum ($108M). The startup with the least funding on the list is Rhode Island’s The Innovation Scout , a SaaS platform that has raised $50K. Rhode Island.

The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Fintech deals and funding are on track to reach record highs in 2017. California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011.

ML for driving behavior

CB Insights

As of now, HiRoad is only available in Rhode Island, where State Farm does not have any captive agents. P.S. Hear from the founders of Robinhood, Affirm, Oscar, Credit Karma, and more at our Future of Fintech Conference on June 19-21 in NYC.