article thumbnail

MortgageTech Owns the Stage at Finovate Spring, Day 2

Bank Innovation

SAN JOSE, Calif. — Getting a mortgage is a terrible experience. It is expensive and time-consuming, and a lot of work to gather documents and data. It makes sense that fintech startups are taking on mortgages, but the uptake has been slow — until today. Yesterday, a few mortgage services took the stage here at […].

San Jose 240
article thumbnail

Popularity of Customer Engagement Tools Reveals Weakness of Cores

Bank Innovation

SAN JOSE, Calif. — One of the major themes in the first day of Finovate Spring (aside from perennial favorite authentication) was customer engagement — having better discussions with customers in a digital environment in order to deliver more relevant products and services.

San Jose 239
Insiders

Sign Up for our Newsletter

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

article thumbnail

BLender Secures E-Money License in Lithuania, Paving Way to Europe

Bank Innovation

SAN JOSE, Calif. — BLender, an Israel-based lending platform, secured an e-money license from Central Bank of the Republic of Lithuania last month. Since Lithuania is a member of the European Union, the license applies to the other 27 EU member states. “We

San Jose 186
article thumbnail

Opportunity Fund Teams With CUs For SMB Lending Campaign

PYMNTS

The San Jose-based community development financial institution, or CDFI, on Tuesday (Jan. Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1 billion in “marginalized businesses” across the country over the next two years.

San Jose 198
article thumbnail

PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 Payments company, PayPal will sell its U.S. consumer loan portfolio to Synchrony Financial. billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. Synchrony Bank has been PayPal’s banking partner since 2004.

San Jose 199
article thumbnail

Visa’s SVP for the Internet of Things Joins Bank Innovation 2017

Bank Innovation

Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. Recent video footage also Read More.

San Jose 150
article thumbnail

Fiserv CEO Jeff Yabuki to Speak at Bank Innovation 2017

Bank Innovation

Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Yabuki joined Fiserv in 2005. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.

San Jose 150