90% of Varo lending decisions derived through cash flow underwriting
NEW YORK — Varo Bank is upgrading its underwriting systems to develop deeper customer relationships and grow. The $486 million digital bank was...
Transactions: U.S. Bank embeds new SMB offerings
U.S. Bank is expanding its small business offerings with launches of two embedded solutions this month. On Sept. 4, the $673 billion bank...
Klarna’s IPO gives fintechs a boost
Buy now, pay later service provider Klarna made its debut on the public market today, which could encourage other fintechs to do the...
Podcast: FV Bank CEO Miles Paschini on future of stablecoin
FV Bank aims to stay ahead of emerging technology trends, including stablecoins. The Puerto Rico-based digital bank integrated stablecoins three years ago, ahead of...
Michigan credit union leans into AI to streamline loan originations
NEW YORK – University of Michigan Credit Union is building an AI-driven loan origination system to speed the loan application process and, in...
Gen AI return on investment ‘not that great,’ credit union CTO says
NEW YORK — Financial institutions are diving headfirst into gen AI but University of Michigan Credit Union hasn’t seen much in terms of...