loans

Discover CFO: Cautious Consumers Cause Slide in Card Volume
Discover CFO: Cautious Consumers Cause Slide in Card Volume
October 17, 2024  |  Earnings

Discover Financial Service’s third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution...

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Regional Banks Report Credit Quality Remained Strong in Q3
Regional Banks Report Credit Quality Remained Strong in Q3
October 17, 2024  |  Earnings

Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in...

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Balance Sheet Optimization, Expense Discipline, Digital Growth Define Truist’s Quarter
Balance Sheet Optimization, Expense Discipline, Digital Growth Define Truist’s Quarter
October 17, 2024  |  Earnings

After weathering volatility in recent years, banks can now deploy excess capital, signaling confidence in their long-term growth prospects. That was the story shared by...

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SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
October 16, 2024  |  Digital Banking

Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety...

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Synchrony Says Digital Mix Delivering Against Consumer Demand for Choice, Flexibility
Synchrony Says Digital Mix Delivering Against Consumer Demand for Choice, Flexibility
October 16, 2024  |  Earnings

In uncertain times, certainty pays off. And in uncertain times, many consumers tend to look for certainty in the financing options they have available to...

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Klarna Reportedly Selling UK BNPL Loans to Hedge Fund Elliott
Klarna Reportedly Selling UK BNPL Loans to Hedge Fund Elliott
October 16, 2024  |  BNPL

Klarna is reportedly selling most of its British buy now, pay later (BNPL) loans. The deal with American hedge fund Elliott will free up as much as $39 billion for...

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NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
October 15, 2024  |  Consumer Finance

A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Consumers’ delinquency expectations increased for the fourth...

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Amount Targets ‘Deposit Drift’ With Account Opening Platform
Amount Targets ‘Deposit Drift’ With Account Opening Platform
October 15, 2024  |  Banking

Banking technology firm Amount has introduced its unified account opening and loan origination platform. The new solution is designed to help banks and credit unions reduce costs,...

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Nova Credit to Supply Consumer-Permissioned Cash Flow Data to SoFi
Nova Credit to Supply Consumer-Permissioned Cash Flow Data to SoFi
October 15, 2024  |  Data

Digital financial services provider SoFi will leverage credit infrastructure and analytics firm Nova Credit’s consumer-permissioned data and analytics solution, Cash Atlas, to bolster its loan...

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