Remove Big Data Remove Compliance Remove Lending
article thumbnail

Is Online Lending Ignoring Big Data Risks?

Bank Innovation

Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer. Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More.

Big Data 150
article thumbnail

Revamping Data Integration for CRA Compliance: A Necessity in the New Normal

Perficient

Data Integration must point to the updated source files aligned with the community interest and credit requirements in the post-pandemic era. This information can identify areas of need and develop targeted lending programs that address those needs.

Data 221
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hong Kong Relaxes Rules In Effort To Boost FinTech Lending

PYMNTS

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. The solution ensures compliance with the second payment services directive (PSD2).

Lending 134
article thumbnail

OCC keeps focus on bank/fintech partnerships

CFPB Monitor

Although bank lending partnerships with fintechs continue to receive OCC attention, recent remarks by OCC officials indicate that OCC scrutiny is now also directed at partnerships outside of the lending arena. He advised banks to closely monitor risk and compliance in these partnerships.

Fintech 146
article thumbnail

Santander and IBM Strike $700 Million Deal to Accelerate Bank’s Digital Transformation

Bank Innovation

This means Santander is poised to tap into IBM's AI, blockchain and big data offerings. IBM today announced a five-year, $700 million agreement it reached with Banco Santander that will enable the Madrid, Spain-based bank to “accelerate and deepen” its digital transformation to a more open, flexible institution.

Big Data 199
article thumbnail

How “Alternative Data” is Being Used to Improve Small Business Lending

Banking Exchange

Even if people do not have banking history, they do have an online footprint Financial Research Mortgage Credit The Economy Feature Financial Trends Technology Risk Adjusted People Customers Tech Management Online Fair Lending Credit Risk Consumer Compliance Big Data Feature3 Mortgage/CRE Fintech.

Lending 60
article thumbnail

What’s Driving VCs’ Attention To B2B FinTech

PYMNTS

Anecdotally, these firms have been talking for years about the industry’s potential to make significant disruptions in areas like corporate finance, small and medium-sized business (SMB) lending and more. “We And yet, investments continue to pour in — not just for these firms, but for the industry as a whole.

Fintech 131