In a groundbreaking move to upgrade its credit screening processes, Seven Bank has implemented a time-limited initiative utilizing “7iD” purchase data for personal loan services. This innovation began on October 16, 2024, marking a promising shift towards a more comprehensive and inclusive credit ev
Bank of America Corp. has recently announced a significant restructuring of its investment banking operations, integrating its fintech investment banking team into its broader technology division. This move underscores the increasing convergence of financial services and technology, reflecting the
Best Egg, a US-based consumer financial technology platform renowned for its innovation in personal loans, has recently secured a substantial $500 million purchase facility. With backing from Fortress Investment Group and Edge Focus, this strategic investment is poised to revolutionize the personal
The recent collaboration between SoFi, a prominent US consumer financial technology company, and Fortress Investment Group, a global investment manager, has taken the fintech industry by storm. Announced on October 15, 2024, this $2 billion agreement aims at significantly enhancing SoFi's loan
Bank of America has announced a significant organizational restructuring by folding its fintech investment banking team into its larger technology practice. This move comes as a reflection of the growing convergence between financial services and software technology in the industry. Approximately
The financial sector is undergoing significant transformations, driven by the imperative to enhance customer engagement and satisfaction. In this context, the strategic partnership between Coconut Software and Glia stands out as a pioneering collaboration aimed at revolutionizing customer
