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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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App Store Approach Helps Banks Manage Partners, Speed Digital Transformation

PYMNTS

Can you imagine Google, Apple or … Amazon taking a year and a half, or even more to implement a new technology?” Banks must grapple with the ongoing challenges of day-to-day operations, technology — and especially regulations — amid any new effort. Cohen asked. It’s unthinkable.”. Launching Into New Markets.

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BBVA To Close Simple, Move Customers Over To BBVA USA

PYMNTS

The letter says that in the future, those accounts will solely be operated under BBVA, but customers will be able to access their money normally until then. Doing that, he said, will allow for customers to get real-time money management tips and pay bills on time, while also linking payment and identity credentials to those accounts.

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NCR: Bank Disruption On The Horizon; Banking M&A Deals To Follow

PYMNTS

NCR Digital Banking Senior Vice President and General Manager Doug Brown told Karen Webster there will be an acceleration of deal making on the other side of the pandemic, particularly as financial institutions (FIs) recalibrate and expand their digital efforts. operations to PNC Bank , creating the fifth-largest regional player in the U.S.

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Lending Club’s Terrible Twos

PYMNTS

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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Alt Lending Anxieties Nowhere To Be Found

PYMNTS

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. Lendingkart.

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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? In a recent American Banker. In a recent American Banker. Source: DeBanked ).

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