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Online Lending Monthly News – September 2022

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of August 2022 for online lending investors and industry watchers. Industry News 8/1/22 Fraudsters out to get digital banking industry: How fintechs can mitigate risk (LendIt) 8/2/22 How to read P2P platform data (p2pfinancenews) 8/3/22 Co-op bank migrates to the cloud (AltFiNews) 8/4/22 Coinbase shares soar in boost ...
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MonJa’s Digital Banking and Lending Monthly Roundup | August 2022

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

08/25/22 Spike in Credit Union Auto Share Confirmed by Experian Data (Credit Union Times)   According to Experian reports, credit union established records for both new and used car financing, while the prior records were set during the first quarter of this year. On the basis of balances, credit unions accounted for 33.7% of all auto loans in the country during …

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Online Lending Monthly News – August 2022

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of July 2022 for online lending investors and industry watchers. Industry News 7/1/22 Financial assistant Cleo raises $80m to support Gen Z (AltFiNews) 7/1/22 Peer to Peer (P2P) Lending Market To Hit USD 912.43 Billion By 2028. (CNBC) 7/5/22 Zilch maintains a $2bn valuation as it tops up ...
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MonJa’s Digital Banking and Lending Monthly Roundup | July 2022

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

07/25/22 Credit union loans increased 2.3% in May (Credit Union National Association) According to CUNA’s latest Monthly Credit Union Estimates, credit union loans outstanding jumped 2.3% in May, compared to a 1.9% growth in April 2022. Other mortgage loans dominated loan growth for the month, increasing 3.5%, followed by unsecured personal loans, which rose 3%. Credit union savings holdings fell …

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Online Lending Monthly News – July 2022

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of June 2022 for online lending investors and industry watchers. Industry News 6/1/2022 Klarna, Marqeta Partner on Visa Card (CrowdfundInside) 6/2/2022 P2P sector smashes milestones in 2022 (p2pfinancenews) 6/2/2022 Google-backed startup debuts credit card with merchant rewards (AmerBanker) 6/6/2022 Despite challenges, CEO Fraser sticks to Citi’s turnaround plan ...
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MonJa’s Digital Banking and Lending Monthly Roundup | June 2022

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

06/27/22 In Response to Changes in Consumer Behavior, Major Bank Plans to Redesign Branches (CU Today)   For around ten years, PNC has been experimenting with tellerless branches with prototypes located in Wilkinsburg and Bakery Square in Larimer. PNC Bank intends to convert approximately 60% of its branches countrywide over the following five years to a new technology-focused model that does …

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Online Lending Monthly News – June 2022

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of May 2022 for online lending investors and industry watchers. Industry News 5/9/2022 Payments power VC fintech funding to $29.3bn in Q1 (AltFiNews) 5/10/2022 How Revolut won over one in three bank users in Ireland (AltFiNews) 5/11/2022 5 ideas traditional banks have borrowed from challenger banks (AmerBanker) 5/11/2022 ...
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MonJa’s Digital Banking and Lending Monthly Roundup | May 2022

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

05/31/22 CU Economist Puts Odds Against Recession (Credit Union Times) According to CUNA Chief Economist Mike Schenk, the likelihood of a recession by the end of 2023 are minimal. The start of a recession is usually defined by two consecutive quarterly declines in GDP. Schenk believes that economic growth will pick up in the second quarter and will be significant. …

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Online Lending Monthly News – May 2022

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of April 2022 for online lending investors and industry watchers. Industry News 4/1/2022 What issuers and fintechs should know about Amazon's Chase deal (AmerBanker) 4/4/2022 As Wall Street banks embrace crypto, start-ups look to lure top finance talent (LendIt) 4/5/2022 US Fintech Cross River’s Latest Funding Round Tops ...
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MonJa’s Digital Banking and Lending Monthly Roundup | April 2022

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

04/28/22 SBA direct lending will harm local financial institutions’ relationships (CUInsight) In most cases, the SBA does not act as a direct lender but rather ensures the repayment of loans provided by a credit union or another lender. In regards to that, the CUNA wrote to the House and Senate Small Business Committees stating that the effective approach for a …