Technology
Technology
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The deal has several performance triggers with cash trap reserves, senior note interest and expense reserves, and loan-to-value tests.
June 27 -
The chatbot, powered by OpenAI Inc.'s GPT-4 language model, is an attempt to simplify work flows for traders who often navigate a complex market where liquidity is increasingly waning
June 8 -
Experts say banks should start stepping up their encryption now, because hackers can steal it now and decrypt it with quantum computing later.
May 22 -
The neobank expects to turn a profit by the end of the year, but faces challenges as it copes with the government's pause on federal student loan repayment and with the difficulty of selling technology services to other businesses.
May 1 -
As the Wall Street giant continues to scale back its consumer banking ambitions, the point-of-sale loan provider that it purchased in 2022 could be the latest target. And CEO David Solomon said there might be more moves ahead.
April 18 -
Mortgage-backed securities aren't generally considered risky assets, but how SVB managed them contributed to its woes.
March 13 -
Among DataBank 2023-1's enhancement features is a turbo principal amortization mechanism that kicks in after the notes' anticipated repayment date.
February 22 -
A pullback by the buyers of Upstart's consumer loans led to a "challenging year," CEO Dave Girouard told analysts. But he added that the company is in "late-stage discussions" with partners that are looking to make longer-term commitments.
February 15 -
Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.
February 1 -
The latest month's volume was more than $20 billion lower than in March 2020.
January 17 -
The fintech is also relying more heavily on its bank charter as rising interest rates make selling loans to investors more challenging.
January 13 -
A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.
December 9 -
Banks are starting to use the technology, which protects cloud-based data while it's being used by an application.
November 10 -
The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.
November 2 -
The consumer lending fintech held about one-third of its loan originations on its balance sheet and fortified its deposit base this quarter.
October 27 -
New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.
October 27 -
Credit bureaus should know better than to include "impossible" data, such as someone defaulting on a loan before they were born, says Consumer Financial Protection Bureau Director Rohit Chopra.
October 21 -
The automation provider, which could merge with ICE Mortgage next year, is updating secondary market tools sorely needed in a volatile market.
October 19 -
The development, touted as an industry-first, is the latest move by the government-sponsored enterprises to expand housing opportunities for first-time and underserved homebuyers.
October 18 -
The Delaware bank, which is also seeking to move its headquarters to South Dakota, says a national charter will allow it to more easily expand across the country as it builds on its banking-as-a-service business model.
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