A recent Deloitte report reveals a seismic shift in corporate lending, with private credit increasingly overshadowing traditional bank lending. This insight into the evolving financial landscape underscores how nonbank lending has been progressively surging since 2002, creating a widening gap over
In an era of rapid digital transformation, Texans Credit Union has taken a significant step to enhance its banking services by integrating Atomic Financial’s direct deposit switching solution through a strategic collaboration with Alkami Technology. This initiative underscores the evolving l
Microfinance and community lending have been instrumental in supporting low-income individuals and small businesses. Historically reliant on manual processes, these services often suffered from inefficiencies and limited reach. The advent of digital platforms, however, is changing the landscape,
The financial technology sector is witnessing a substantial shift as community banks increasingly adopt innovative solutions to enhance their offerings. Northeast Bank, based in Minnesota, has embraced this trend through a strategic partnership with Corserv. This initiative aims to introduce a new
The recent partnership between America First Credit Union and Loquat Inc. signifies a critical advancement in the credit union's approach to small business onboarding. With an increasing number of small business accounts, America First Credit Union is harnessing digital technologies to enhance
Experian, a leading player in the credit industry, has unveiled "Cashflow Attributes," a cutting-edge open banking platform that strives to democratize access to credit – a move that greatly benefits consumers on the fringes of the traditional financial spectrum. Revolutionizing Credit A
