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Google Cloud Gets Into Mortgages With AI-Powered Tool

PYMNTS

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. Sudheera Vanguri , product manager lead at Google, said in a b log post on Monday (Oct. Lending DocAI is part of Google's Document AI portfolio for the mortgage industry. billion.

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Google ban fails to stamp out short-term payday lending apps

Bank Innovation

In August, Google announced a global crackdown on Android apps that offer short-term loans, saying it wanted to protect consumers from what it called “deceptive and exploitative” terms.

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BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’

PYMNTS

3) that it would work with Google to deliver “smart” digital bank accounts, using Google Pay as an app-driven way to broaden its digital reach and improve users’ experiences with their financial institutions (FIs). To that end, BBVA was one of six banks that said on Monday (Aug. Ready For The Digital Shift.

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Google Gets EU eMoney License

PYMNTS

Google Payment Lithuania, a unit of Alphabet’s Google, was granted an electronic money institution license by The Board of the Bank of Lithuania. Finextra , citing Google, reported that with the license Google can issue and redeem electronic money and provide payment services. Earlier this month Revolut , the U.K.

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Google India Boots Loan Apps Breaking Safety Policies

PYMNTS

After reviewing numerous complaints, Google India said it will remove any apps relating to personal lending that are found to be in violation of its terms of service. Google India said it pored through hundreds of personal loan apps in India’s Google Play store, targeting “flags submitted by users and government agencies.” .

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Google Play Store Nixes Payday Loan Apps

PYMNTS

High-interest consumer loans — often known as payday advances — are now banned from having apps on the Google Play store, The Wall Street Journal (WSJ) reported on Sunday (Oct. ” Google banned apps charging 36 percent or more, which now puts the tech giant in the middle of the overall fight against payday loans.

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Former Obama Advisor Eyes Google, Amazon For SMB Lending

PYMNTS

Google and Amazon are ready to shake up the small business lending world and place competitive pressure on traditional banks, according to Karen Mills, advisor for small businesses to former President Barack Obama. Amazon has already made inroads in the small business lending space over the years.

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