New business to provide growth capital for private-equity-backed companies
Upstart launches Recognized Customer Personalization
April 26, 20245 min
Upstart, the leading artificial intelligence (AI) lending marketplace, announced the launch of Recognized Customer Personalization (RCP). This new feature of the Upstart Referral Network enables banks and credit unions to present a customized loan offer to their existing customers who are looking for a loan on Upstart.com. More than 20 lenders within Upstartâs network have already opted into RCP. With this capability, lenders can identify when an existing customer is actively shopping for a loan,...
Finastra unveils online marketplace to access retail lending solutions
April 18, 20244 min
The site allows financial institutions to browse, directly purchase, and quickly adopt Finastra retail lending products
First Northern Bank promotes Libby Feyh to CHRO
April 18, 20243 min
First Northern Bank, the regionâs #1 local small business lender, proudly announces the promotion of Libby Feyh to the newly created role of Executive Vice President and Chief Human Resources Officer (CHRO). Feyh has served First Northern Bank as the Senior Vice President and Human Resources Director since 2019, demonstrating exceptional leadership, promoting a culture of excellence, and a deep understanding of the Bankâs values. In this role, she will continue to uphold the highest...
Sessions address auto lending trends, evolving EV financing, AI strategies, compliance, and the lending landscape.
Hi2 Global Private Credit Fund wins Hedgeweek Best Emerging Manager
August 23, 20235 min
After achieving robust performance in the volatile year of 2022, Hi2 Global Private Credit Fund (the “Fund”) has been awarded the Hedgeweek 2023 Best Emerging Manager Award in the category of Direct Lending. Powered by Hedgeweek, a leading information provider for the hedge fund community, and with fund manager data provided by Bloomberg, the Award rewards fund performance and service provider excellence within hedge fund emerging managers. Winners are recommended by Bloomberg based on 2022 Calendar...
1West recognized on the 2023 Inc. 5000
August 17, 20233 min
1West, a leader in the small business lending marketplace, is proud to announce its inclusion in the prestigious Inc. 5000 list of the fastest growing private companies in America. This recognition underscores 1West’s commitment to innovation, dedication to excellence, and exceptional growth trajectory in the SMB Fintech industry. The Inc. 5000 list, released annually by Inc. Magazine, is a definitive ranking of the most successful companies within the American economy’s most dynamic segmentâits independent small...
Informed.IQ, a leading provider of AI software that verifies, streamlines, and optimizes loan processing, announced the launch of an industry-changing product, Skip the Stipâ˘, a non-documentary validation tool for full spectrum and sub-prime auto lenders. Skip the Stip is an AI-powered solution that harnesses the power of data analytics. By integrating Informed’s comprehensive database with advanced machine learning algorithms, we accurately assess risk, streamline loan approval processes, and improve decision-making. This innovative solution will transform...
Lendica, a Boston-based fintech, announced the launch of the iBranch, a powerful embedded lending software that changes how businesses access capital. The premiere roll out is with Versa Cloud, a leading cloud-based ERP. The AI-powered lending tools are built to help SMBs fight market headwinds and take control of their cashflow. Fintech Steps In Where Banks Step Out The announcement comes at a pivotal time for US businesses. Banks have pulled back lending and may face upcoming...
CURO Names Doug Clark Chief Executive Officer
November 16, 20225 min
President of North America Direct Lending Business and Consumer Finance Industry Veteran to Lead Execution of Business Strategy Following Strategic Transformation