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. Carousel Lending Premium Retail Banking Startups Auto Finance News Blend

Open Letter to the OCC: Make Real Innovation Possible

Bank Innovation

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The Latest Data On Commercial Lending Risk In Retail

Banker to Banker

Introduced in 1937 in an Oklahoma Humpty Dumpty supermarket, the shopping cart has proven to increase per person sales and extend shopping time. A boost to many retail establishments, it is often said to be a predictor of retail health. More shopping cart sales equals more store openings.

Gary 'Litefoot' Davis to Lead Tribal Lending Trade Group

American Banker

Gary "Litefoot" Davis, a member of the Cherokee Nation in Oklahoma and a music and on-screen personality, was named executive director of the Native American Financial Services Association.

How Financial Institutions Focus on Customers Is Key


The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. Stay Up-to-Date On Lending Best Practices. Lending. Lending. Credit Risk Lending

Creating a Customer-Centric, Digital Financial Institution


Once only accessible to large financial institutions and digital-only banks, today’s technology affords smaller financial institutions the opportunity to level the playing field by automating the lending process to get money in customers’ hands sooner. Lending

What Is Powering The Emerging Pawnaissance?


While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. Where Payday Lending Recedes, Pawnbrokers Flourish .

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M&T Unit, Other Lenders Seek $500M from Oil CEO's Estate

American Banker

Several lenders are attempting to recover a combined total of nearly $500 million from the estate of the deceased chief executive of an Oklahoma energy company. breaking_news commercial-lending ok ny de national-regional

Young Lenders and the Groundhog Syndrome

Strategically Speaking

CEOs and Chief Lending Officers, have you ever met a young lender that seemed to see his/her shadow while out on a business development call? In the last 60 days, I had several conversations with bank executives in Minneapolis, Oklahoma City, Fresno and Atlanta on that very topic. We discussed the challenge of transitioning some of the bank’s credit analysts into commercial lending roles. lenders loan growth commercial lending

State Regulators Investigate Payday Advances


The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances.

The Case For Localizing Mom-And-Pop Investment


“Being in Boston, Massachusetts, I’m much less likely to invest in a restaurant in Oklahoma if the same business was right next to me,” Mathews said.

FinTechs Take A Regional Approach To SMB COVID-19 Relief


Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks.

Credit Card Companies’ Focus On Subprime Increases Rate Of Missed Payments


Credit card companies have not been shy when it comes to lending to subprime customers , but according to new data from TransUnion, that strategy is starting to backfire for the credit card issuers. Lenders increased the amount of lending it did to subprime customers starting in 2014 and continued to do so more recently.

What Goes Up …

Independent Banker

Texas and Oklahoma banks “got killed in the mid-1980s,” he says. Happy State Bank’s 32 offices are spaced over 500 miles, giving the bank’s lending portfolio geographic diversity. Today, Happy State Bank lends more conservatively as oil prices move higher.

Lender Life

Independent Banker

Robust online mortgage websites embrace today’s lending challenges as well as consumer needs. I still do a lot of lending myself,” Michelotti says. a third party in Oklahoma City that accepted 425 mortgage applications for D.L. Ron Haynie, ICBA’s mortgage lending expert.

Are de novos making a comback?


For perspective, a mere 4 banks have opened since 2011, and two of those were in 2017 alone: both International Bank of Commerce of Oklahoma City, OK, and Blue Gate Bank of Costa Mesa, CA, opened in January 2017.

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

CB Insights

California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. LumoXchange (Arkansas, $200k raised) and CreditPoint Software (Oklahoma, $1.1M Oklahoma. Across the US, well-funded companies are rethinking how the financial system operates.

The United States Of Artificial Intelligence Startups

CB Insights

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). Oklahoma.

NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Oklahoma Department of Consumer Credit.

Bankers: Is your strategy the same as your competitor?

Jeff For Banks

Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers.

Opploans Personal Loans Review: For Borrowers With Bad or No Credit


APRs are lower than predatory lending options. Opploans is a personal lender that offers loans to applicants with bad or no credit history. So: It’s no surprise that the interest rates are high.

A Look Back at #BankSocial


In fact, the extremely personalized nature of most social tools and technologies lends itself to strategies and tactics that are customized to meet specific needs in specific markets. For example, we earlier profiled Jill Castilla, President and CEO of Citizens Bank of Edmond, Oklahoma.

GonzoBanker Awards 2017


GonzoBanker of the Year – The Gonzo team would like to salute the career of David Rainbolt of BancFirst in Oklahoma. The Real “Lending” Stock Award – Goes to longtime player LendingTree. Oh, by the way, that Fintech darling of two years ago Lending Club?

Fintech Fundings: 24 Companies Raise $560 Million Week Ending Sep 18

Fintech Labs Insights

HQ: Oklahoma City, Oklahoma. Risk management for P2P lending. Tags: Consumer, lead gen, lending, mortgage. The money flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies.

Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

Alt-consumer lending. HQ: Owasso, Oklahoma. Peer-to-peer lending marketplace for small businesses. Tags: Y Combinator (YC S15), lending, underbanked, underwriting, consumer, credit. Fintech funding records continue to fall.

Impact Roadshow | Tulsa, OK


Local Host: Oklahoma Central Credit Union. QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. 1:00 p.m. - 3:00 p.m. Filene Host: Jimese Harkely.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

HQ: Oklahoma City. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. The vast majority, $5.9

We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

Oklahoma — #12 in Credit Karma searches. We talk about this sometimes — what about payday lending, what about some of these other lending instruments where the typical consumer would say, well that’s bad,” founder Kenneth Lin told Fast Company, “But what if you have really poor credit?

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