Tag: lender

Activity, Retail Banking

Is Profitability Modeling the Secret to Smarter Deposit Pricing?

September 13, 2023

Via: Bank Director

For banks competing with an increasing number of fintechs and nontraditional lenders for depositors, offering attractive deposit pricing is crucial. As deposit rates have risen rapidly, customers are increasingly cognizant of where they’re putting their money. “Higher interest rates, as […]


Pepper Money agrees to buy HSBC’s New Zealand mortgage portfolio

September 6, 2023

Via: FinTech Futures

Subject to approval by the New Zealand Overseas Investment Office, the deal is expected to close in late November, following which the pair will work towards a “smooth and efficient” transition for its customers. On completion, the acquired portfolio is […]

Capital and Risk, Credit

Credit Suisse emerges as missing piece in neobank’s crumbled merger

August 22, 2022

Via: Banking Dive

If details seemed sparse in last month’s sudden disintegration of the proposed merger between neobank American Challenger and Patriot National Bank, one missing component, a court filing indicates, appears to be Credit Suisse. American Challenger sued Switzerland’s second-largest bank and […]

Activity, Corporate Banking

Live Oak Bank switches retail and commercial accounts to Finxact core

September 9, 2021

Via: FinTech Futures

The bank, which holds $9.9 billion in assets under management, switched its retail and commercial deposit accounts to Finxact as the penultimate stage in a front-to-back change stretching back to 2017. Finxact and Live Oak Bank officially signed their first […]

Capital and Risk, Credit

Fewer Lenders Report Easing of Credit Standards

March 24, 2016

Via: PR Newswire

Fannie Mae’s first quarter 2016 Mortgage Lender Sentiment Survey™, conducted in February, shows that the share of mortgage lenders reporting easing credit standards over the prior three months fell for the second straight quarter. Also, the share of lenders who […]