Affirm is mining its data for a better read on borrowers with its new transformer-based underwriting model.
By extracting new signals from existing data, the BNPL firm is betting that its transaction-level view of consumers can become a competitive advantage in its own right.
Live Oak Bank grew from lending only to veterinarians into 40 verticals without ever opening a branch.
President BJ Losch explains how AI is helping cut SBA loan approval-to-close times from over 100 days toward a two-week target, while keeping the credit decision itself with a human underwriter.
Figure reported second-quarter results, showing that its platform had reached a $1 billion weekly run rate for loan applications by early July.
The firm has come a long way since it was founded in 2018, building a more structured lending and capital markets system while increasingly making it intelligent and programmable.
LendingClub is rebranding its digital bank Happen Bank to align brand identity with its evolution to an integrated banking ecosystem.
The bank is recalibrating its focus to a coordinated system where debt consolidation, credit score improvement, and savings accumulation work in tandem.
