Banking
90% of Varo lending decisions derived through cash flow underwriting
[ad_1] NEW YORK — Varo Bank is upgrading its underwriting systems to develop deeper customer relationships and grow. The $486 million digital bank was…
Tag: underwriting
Banking
KeyBank identifies 40 AI proofs of concept
[ad_1] KeyBank is continuing its AI and gen AI development pipeline after seeing positive effects on its operations. “We have roughly about 40 proofs…
Banking
U.S. Bank deploying AI for SMBs | Bank Automation News
[ad_1] U.S. Bank is working on AI-driven solutions for its small and medium-sized business clients to improve their operations. “By no means is it…
Banking
Digital Federal Credit Union debuts self-service mortgage portal
[ad_1] With the addition of the self-service portal, DCU was able to boost lending from roughly $1 billion in mortgage loans when talks began…
Banking
CFPB’s mortgage ‘junk fee’ blog draws ire and praise
[ad_1] A day after targeting the title insurance industry, the Biden Administration has put the rest of the real estate finance process in its…
Banking
Dave profitable for the first time | Bank Automation News
[ad_1] For the first time since going public in 2022, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted EBIDTA of $10…
Banking
Podcast: Deploying AI in underwriting | Bank Automation News
[ad_1] Eight in 10 credit union execs are looking to AI to enhance their underwriting capabilities. Credit union executives “said they would like to…
Banking
FHFA finalizes updates to capital framework
[ad_1] The Federal Housing Finance Agency moved forward on some of its proposed tweaks to rules related to the financial soundness of Fannie Mae…
Banking
Podcast: Approaching AI with a plan | Bank Automation News
[ad_1] Financial institutions are investing in AI and, as they do, they must consider application, talent and regulation. Card issuing fintech Mission Lane…
Banking
3 uses for automation, AI | Bank Automation News
[ad_1] Financial institutions are identifying AI uses within their operations for coding, documentation and underwriting. Chase Auto National Credit Director Anne Alburo discussed use…
Banking
BECU automation surpasses 60% | Bank Automation News
[ad_1] LAS VEGAS — BECU automates more than half of its underwriting operations as it balances AI with manual processes. The Tukwila, Wash.-based credit union’s automation…
Credit
Trust Science and Inovatec Systems Team Up to Release World’s First End-to-End Loan Management Platform Powered by Alternative Credit Scores
[ad_1] Lenders now have the ability to reliably find, score, lend to and manage the loans of 64 million unbanked and under-banked consumers in…