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Digital lending fintech enters auto

Bank Innovation

LAS VEGAS — Bank of Oklahoma has adopted Blend’s digital lending platform, the fintech announced at the 2019 Auto Finance Summit. Blend’s platform is designed to simplify user experience for the consumer to drive increases in completed online applications and funding rates.

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As Rates Rise and Recession Threatens, Alternative Lenders Batten Down the Hatches

Bank Innovation

LAS VEGAS - The CEOs of Prosper Marketplace, Lending Club, and Social Finance Inc. all spoke to a common theme – preparing for the coming storm and choosing loans for quality, not quantity. JPMorgan Chase has predicted a 60% chance of recession by 2020, and it’s not clear how traumatic an event it will be […].

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Lexicon Bank: A bank that shows its hand

Independent Banker

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Location: Las Vegas, Nev. By Tom Groenfeldt.

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Money20/20 cancels in-person events in Amsterdam, Las Vegas

BankInovation

Money20/20 announced today it is canceling its in-person events for the remainder of the year, and will instead host a virtual conference from Oct. We really wanted to make our Money20/20 Europe and USA shows happen for you this year. Unfortunately we have had to take the very difficult decision not to run our […].

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BECU automation surpasses 60%

BankInovation

LAS VEGAS — BECU automates more than half of its underwriting operations as it balances AI with manual processes. based credit union’s automation rates hover between 60% and 70%, Jayson Amandus, vice president of indirect lending, said Monday at Auto Finance Summit 2023. The Tukwila, Wash.-based

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Bank of America’s digital transaction volumes hit 75%

BankInovation

LAS VEGAS — Bank of America’s volume of direct transactions completed through digital channels has reached 75%, Tim Owens, consumer vehicle lending executive, said Thursday at the Auto Finance Summit in Las Vegas.

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Goldman Sach’s Marcus: Partnerships Beyond Intuit

Bank Innovation

The future of finance is not technology,” Harit Talwar, head of Marcus by Goldman Sachs, said at Money 20/20 in Las Vegas. The […].

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