Lending

Throughout 2025 lenders deployed AI within their workflows, loan servicing and customer experience, and those efforts are expected to expand in the new year.  Financial institutions across the board...

Technology providers are examining equipment lender and dealer perspectives to fully unlock the potential of AI and establish long-term partnerships.   Nearly 70% of financial...

Finastra is looking to help its bank clients streamline their mortgage lending processes with AI with multiple lending solutions.  The London-based fintech has launched multiple AI-driven solutions including Loan IQ and LaserPro and is seeing banks gain...

Enova’s $369 million acquisition of Grasshopper, announced Dec. 11, is expected to boost the digital bank’s innovation efforts.  “Enova’s technology and data and analytic capabilities,...

Publicly traded fintech Enova International (NYSE: ENVA) said today it has agreed to acquire Grasshopper Bancorp and subsidiary Grasshopper Bank...

FourLeaf Federal Credit Union is using AI to grow its auto loan portfolio, increasing originations while keeping quality lending standards.  The $14 billion credit union has exceeded $1 billion in loan originations so far in...

Rocket Mortgage is quantifying AI returns by measuring the number of loans per team member.  “If I think about what AI does best, it's almost hard for me...

Rocket Mortgage has even more data to lean on for its own AI-driven tools after its acquisitions of Redfin and Mr. Cooper this year. ...

LendingClub is piloting AI to streamline document verification in the lending process.  “The AI-assisted document verification workflow automates part of the lending process that historically...

LendingClub attributes fraud detection capabilities to its proprietary AI-driven system.   “Our fraud rate is near zero, less than 3...