Cash flow underwriting has been “the next big thing” in lending for several years now. And while several lenders are using it as part of their underwriting, it has not become a mainstream tool. That could change with the announcement today from Plaid. While Plaid first announced a cash flow underwriting initiative a year ago, […]
LoanPro has made a name for themselves as a scalable lending platform. Now, they are beefing up their credit card platform with the announcement of a new integration with Visa. Visa DPS (Debit Processing Service) is one of the world’s largest issuer processors of Visa debit transactions globally and with this integration with LoanPro it will help […]
Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022. Speaking with CNBC at Money2020 Europe, CEO Prajit Nanu said the company is still on target for a IPO and is targeting some time in the […]
LoanPro’s credit platform integration with Visa DPS’ digital-first processing helps brands tackle shrinking debt interchange fees while providing unique personalization opportunities. This move comes at the ideal time for banks, fintechs and other brands to enter the credit market. Interchange fees are plummeting as government agencies impose significant caps. This is a strike against a […]
For some time, fintech has expanded beyond financial services to transform other industries. I have always believed that magic truly happens when we apply fintech tools and frameworks to solve real-world problems. If there was ever an industry that needed fixing, it was healthcare. After an era of fragmented, disparate solutions, there has been a […]
Executive interview with Alex Trott, Director, Insights, 84.51° Today’s consumers are busier and more budget-conscious than ever. A recent article in the Wall Street Journal, “It’s Been 30 Years Since Food Ate Up This Much of Your Income,” reported that food prices are at a 30-year high. In the grocery channel, that means they are […]
Toronto’s CarltonOne prepares to propel its Engagement and Ecommerce business to the next stage of growth across 185 countries. TORONTO, ONTARIO — (June 4, 2024) — CarltonOne Engagement, recognized as one of the top 50 most inspiring workplaces in North America, today announces it has received an investment from Goldman Sachs Asset Management. This investment sets […]
Blending connections, shared experiences, and the collective celebration of identity to create customer loyalty – a collaboration between James Davies, Mando Connect and Michael Harris, Oracle. The time, the money, the energy fans put into their favourite teams and leagues over their lifetime is unparalleled. Feeling the elating highs from a win and the crushing […]
The Loyalty Academy™ senior faculty members Bill Hanifin and Aaron Dauphinee are your hosts for this week’s “Wiser Loyalty” podcast episode. We’re kicking off a new month with fresh content from The Loyalty Academy™ curriculum that provides an Introduction to Loyalty Financial Modeling (course #105). This week, Aaron and Bill look into some starting point considerations for brands and […]
AI occupies executives’ thoughts in many ways, according to the results of Sopra Steria’s third annual Digital Banking Experience Report. The report, produced with Forrester and Ipsos, surveyed more than 850 senior decision-makers at global banks and more than 11,000 global bank customers. Roughly 75% aren’t ready for open banking, either. The two are related, […]