Direct Lending - FinTecBuzz

AI Transforms Non-Bank Mortgage Lending, Says New Report

May 22, 20258 min

New study highlights how 2025 will be a turning point as technology redefines experience, operations, and value across the mortgage lifecycle. Key Findings: 74% of non-bank lenders are betting on innovation to drive differentiation, while only 21% believe they are leading the pack—revealing a significant gap and opportunity to innovate. Agentic AI is becoming the next big play, merging GenAI’s cognitive reasoning with automation’s precision, ushering in task-fulfilling “agents” that scale beyond efficiency into execution. Only 51% of...

by BusinessWire

Direct Lending

First Rate launches Alts Data Management Solution for wealth ops

May 8, 20255 min

Empowering wealth management firms with the tools they need to streamline alternative asset management, reduce errors, uncover hidden insights, and make informed decisions faster - enabling them to thrive in an increasingly complex investment landscape.

by BusinessWire

Direct Lending

Upstart & Fortress Investment Group Announce $1.2B Agreement

May 7, 20252 min

Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced a forward-flow commitment from funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). Fortress has agreed to purchase up to $1.2 billion of consumer loans originated on the Upstart platform through March 2026. “This forward-flow agreement with Upstart reflects our continued pursuit of high-quality, risk-adjusted consumer credit assets,” said Matt Biczak, Managing Director at Fortress Investment Group. “Upstart’s platform provides access to...

by BusinessWire

Direct Lending

U.S. Bank Avvance Joins Pure Finance’s Home Improvement Platform

May 6, 20253 min

Second partnership for Avvance as point-of-sale (POS) lending continues to scale

by PRNewswire

Direct Lending

Credibly Launches Credibly.ai for AI and Automation in Fintech

April 23, 20255 min

Credibly, the GenAI-powered lending platform dedicated to championing small businesses, announced today the launch of Credibly.ai, an innovation and technology showcase designed to highlight the company’s groundbreaking progress in artificial intelligence. This initiative celebrates a major advancement in the evolution of lending practices, providing small businesses with advanced tools and solutions to meet their financing needs. With Credibly.ai, Credibly sets out to demonstrate the transformative potential of AI in the lending sector. Credibly Chief Strategy Officer Minyang Jiang said,...

by GlobeNewswire

Direct Lending

Biz2Credit Report: SMB Earnings Rise in March 2025

April 22, 20255 min

Analysis still finds decreases in average revenues and expenses from last month

by Shoreline Hometown Credit Union

Direct Lending

Shoreline Credit Union Picks Appli to Boost Digital Engagement

April 18, 20254 min

Shoreline Hometown Credit Union Selects Appli for Better Digital Engagement and Conversions Wisconsin-based credit union adds AI-powered calculators to improve member loan and deposit experience

by BusinessWire

Direct Lending

Candidly and Fiducius Partner to Enhance Fintech College Tools

April 17, 20254 min

Candidly, the market’s leading AI-driven student debt and savings optimization platform has partnered with Fiducius, a top provider of financial wellness benefits. Through this collaboration, Fiducius will enhance its employee benefits platform by integrating select Candidly tools for college savings and private student lending. This new relationship will enable Candidly to expand the impact of its solutions for planning and paying for college and, in turn, allow Fiducius to reach new employee populations. With the addition...

by BusinessWire

Direct Lending

First Commonwealth Expands Loan Access with Upstart Partnership

April 17, 20253 min

First Commonwealth Federal Credit Union has partnered with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to expand access to personal loans and better serve its growing membership across Pennsylvania and New Jersey. “At First Commonwealth, we’re committed to financial empowerment for all,” said Terry Grier, Chief Lending Officer at First Commonwealth Federal Credit Union. “By partnering with Upstart, we can leverage AI-powered credit decisioning to lend more inclusively—helping more low- and moderate-income...

by BusinessWire

Direct Lending

Affirm Joins MoreThanFair to Advance Inclusive, Transparent Lending

April 11, 20254 min

MoreThanFair, a community of organizations dedicated to improving access to affordable and inclusive credit for American consumers and small businesses, today announced that Affirm had joined as its newest member. Affirm empowers consumers by offering a transparent and flexible way to pay over time with no late or hidden fees, like deferred or compound interest. Using advanced underwriting models and maintaining disciplined credit policies, including from their bank partners, Affirm has helped responsibly extend over...

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