Wave2’s Post

Applying the right #fintech and addressing staff challenges are both big parts of keeping your financial institution running smoothly. https://buff.ly/3WTcJZ5 #creditunions #communitybanks #branchandATMlocators

Game changer! Private credit is now targeting consumer lending, with firms like Elliott, Carlyle, Fortress, and Blue Owl purchasing billions in loans from fintechs such as Klarna, SoFi, and Upstart. What Happened? These fintechs, once thriving, are now struggling with high interest rates, expenses, and limited profits, prompting them to offload balance sheet risks. Fintech’s Mission? Fintechs aimed to revolutionize banking with technology and agility but haven’t yet overtaken big banks or mastered economics without cheap deposits. Now, private credit is stepping in to seize the opportunity. Interested? Check out the full article to get the whole scoop. Enjoy!😉 #Fintech #PrivateCredit #ConsumerLending #FinancialTrends #InvestmentOpportunities #TechInFinance #financialtimes

In today's ever-evolving financial landscape, choosing the appropriate Loan Origination System (LOS) is crucial for lenders. An effective LOS should encompass features such as comprehensive analytics, flexible underwriting, and robust compliance and security systems. Learn more about the key features of a LOS that lenders should consider before making a selection in our latest blog: https://lnkd.in/gzjExhAZ #fintech #loanoriginationsystem #digitallending #lendingautomation #lending

One Of The Country’s Leading Credit Card Providers Capital One UK Joins Compare The Market’s Money Platform  Read more:  https://lnkd.in/dMjwN2_s #CapitalOneUK #CompareTheMarket #MoneyPlatform #CreditCardProviders #FinancialServices #Fintech #ConsumerFinance #Partnership   #finance #fintech #FinancialIT

BMG Money and WebBank Join Forces to Expand Financial Inclusion Nationwide  Read more: https://lnkd.in/dDc5qYnB #BMGMoney #WebBank #FinancialInclusion #Partnership #Fintech #EconomicEmpowerment #AccessToFinance #NationwideExpansion  #finance #fintech #FinancialIT

FinTec Buzz recently sat down with Happy Money's CEO Matt Potere who shared key insights for credit unions and other financial institutions as they plan for the year ahead: ✨ Align your people and products to your mission and values ✨ Develop responsible lending strategies that result in a better experience for borrowers and strong risk-adjusted returns for lenders ✨ Cultivate a strong credit culture that drives design and decision making Discover more in the full article: https://bit.ly/40wAqrP #HappyMoney #consumerfinance #fintechleadership #responsiblelending

"U.S. credit card debt has reached a staggering $1.14 trillion, with average credit card interest rates sitting at a record high of nearly 23%. The difference between credit card APRs and consumer unsecured loan rates have reached a new record high of 7.5%...Refinancing credit card debt into unsecured personal loans could save U.S. households over $80 billion annually." - Matt Potere Happy Money is well positioned in 2025 to help these households. 🚀

💳 $1.14 trillion in U.S. credit card debt. 📈 Average credit card interest rates at a record high of nearly 23%. 📊 The gap between credit card APRs and unsecured loan rates has hit a historic 7.5%. The financial burden on households has never been greater. But there's a brighter path forward. As Matt Potere highlighted, refinancing credit card debt into unsecured personal loans could save U.S. households over $80 billion annually. That's a life-changing impact for so many families. Happy Money is uniquely positioned in 2025 to help households achieve financial wellness. By empowering people to make smarter money choices and break free from high-interest debt, they are reshaping financial futures one household at a time.

Alternative Data and its Role in the Credit System #AlternativeData #CreditSystem #FinTech #CreditScoring #DataAnalytics #FinancialInnovation https://lnkd.in/dpd6yXWV

Looking to launch a credit builder product or enhance your targeting programs for your existing credit builder product? Check out this blog from our team!