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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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Modal, Honda Collaborate On Financing For eCommerce Platform

PYMNTS

The surge in automotive online purchasing traffic sparked by the pandemic has led to increased demand for eCommerce. Working with leading brands such as Honda and Acura has been our vision since launching five years ago, and we cannot wait to show more dealers and brands the power of Modal's e-commerce design and technology.".

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The Race For Online Grocery Shopping Heats Up

PYMNTS

The companies are testing the service in four California and Oklahoma markets, with an eye toward a national launch in 2021. The first big move was the introduction this month of an online marketplace to enhance the popular Kroger Ship service and widely expand the digital assortment of private-label products that Kroger has on offer.

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Small-bank rarity: A digital launch that happened on time

American Banker

Citizens Bank of Edmond in Oklahoma, in conjunction with the digital-banking platform Narmi, recently launched an account-opening process that occurs completely online. The project, completed in less than three months, could be a model for community banks that want to innovate but fear being a low priority for vendors.

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Bitcoin Daily: OK Bill Would Create Blockchain Body; Central Asia Steps Up Crypto Mining; Crypto, RBI Case Back In Court

PYMNTS

Senator Nathan Dahm (R-OK) is sponsoring a bill that would establish a new state-chartered financial institution (FI) centered around blockchain technology, Cointelegraph reported on Saturday (Jan. The new FI would be “the central depository for virtual currency used by governmental agencies in this state,” according to the bill.

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FinTechs Take A Regional Approach To SMB COVID-19 Relief

PYMNTS

Collaborating with digital banking technology company MX, Citizens Bank of Edmond in Oklahoma said it has debuted its PPP loan portal to streamline PPP loan applications for its SMB clients. Online SMB loan marketplace LendingTree launched its SBA loan marketplace designed to help SMBs access funding from regional and community banks.

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Creating a Customer-Centric, Digital Financial Institution

Abrigo

While many financial institutions are seeing the benefits of digitizing different areas of their bank or credit union, others are still hesitant to invest in technology. Does your financial institution support a culture of innovation and an environment that welcomes new technology? Technology, like banking, isn’t “one-size-fits-all.”

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