Digital Lending Blog

News and insights from the leading digital lending solution

Digital Lending Blog

News and insights from the leading digital lending solution

Insights

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Stay Ahead of the Curve on Credit and Fraud Risk

Tightening underwriting with rigorous income verification is crucial to ensure loan quality and minimize risk, especially during economic hardship. Lenders should also be aware of increased first-party fraud, where borrowers provide false income information.

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Why Credit Unions Must Embrace Technology and Innovation

A recent conversation between Ronaldo Hardy, President and CEO of the National Association of Credit Union Service Organizations (NACUSO), and Vince Passione, host of the podcast “22 Minutes in Lending,” discuss how credit unions can embrace technology and empower their teams for sustainable growth.

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Curql Collective: Driving Credit Union-Fintech Collaboration

Dive into the latest ’22 Minutes in Lending’ episode featuring Nick Evens, CEO of Curql Collective, unraveling the innovative synergy between FinTech and credit unions. Discover how Curql’s strategic approach ensures regulatory compliance, fosters strategic investments, and amplifies credit unions’ influence in the boardroom.

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Revolutionizing Banking: Insights from 22 Minutes in Lending with Chip Mahan

Join us for our next 22 Minutes in Lending podcast with Chip Mahan, founder of the first Internet bank. Uncover the visionary’s Mahan Move, revolutionizing traditional banking through cutting-edge technologies and fostering a culture of innovation. Gain invaluable insights into crisis management, as Mahan dissects the unprecedented events at Silicon Valley Bank, emphasizing the delicate balance between liquidity, regulatory mechanisms, and customer trust. Explore Mahan’s vision for a digitally transformed banking future, where the elimination of traditional branches paves the way for agile, customer-centric experiences. From small business lending strategies to fostering fintech innovation through Canopy Ventures, this podcast offers a comprehensive view of Mahan’s impactful contributions and the exciting possibilities shaping the financial industry.

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News

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March 27, 2024

The Role Lending Can Play in Savings

During a session on “Deposit Growth and Retention Strategies in a Falling Rate Environment” at America’s Credit Unions Strategic Growth…

Michelle Asher

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Ent CU sells $54M loan pool through LendKey’s ALIRO platform

Ent Credit Union said Tuesday it has sold $54 million in unsecured personal loans to an institutional investor. Ent ($9.8 billion in assets, 533,480 members), headquartered in Colorado Springs, Colo., has raised cash and helped reduce its loan-to-share ratio through loan sales. LendKey, a Cincinnati company that offers digital network lending, facilitated the $54 million whole loan portfolio sale, which closed in March through LendKey’s ALIRO loan trading platform.

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The Role Lending Can Play in Savings

During a session on “Deposit Growth and Retention Strategies in a Falling Rate Environment” at America’s Credit Unions Strategic Growth Conference, Vince Passione, CEO and founder of Lendkey, noted credit union core deposits saw record growth in 2023.

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Student Lending: A 2023 Review and a 2024 Outlook

Discover how the evolving financial and educational landscape is impacting student loans, repayment trends, and the challenges and opportunities that credit unions face. This episode is a must-listen for credit union professionals interested in how student lending will impact their organization.

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LendKey partners with Payitoff to help student borrowers

n a continuing effort to help student loan borrowers, LendKey, the pioneer of digital network lending, is excited to announce their latest partnership with Payitoff, a leader in consumer debt guidance tools. The collaboration introduces a free and user-friendly tool designed to help federal student loan borrowers save significantly on their federal student loan payments.

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