Press

LendKey is a trusted voice in the fintech, banking, credit union, and financial services community. Our management team includes industry leaders published in print and featured on leading broadcasts, as well as speaking engagements.
For more information, or to arrange an interview, please contact pr@lendkey.com.

Press

LendKey is a trusted voice in the fintech, banking, credit union, and financial services community. Our management team includes industry leaders published in print and featured on leading broadcasts, as well as speaking engagements.
For more information, or to arrange an interview, please contact pr@lendkey.com.

Releases

embrace change

The Growth of Fintech: Can Credit Unions Have Too Much of a Good Thing?

The concept of fintech is nothing new. From longer-term, more mature partners like LendKey to nascent, early-stage start-ups, every credit union is aware and typically working with—to some degree or another—at least one fintech provider. But is the rate at which new players are entering the market untenable?

deposit growth

Credit Unions Must Innovate Quickly to Expand Deposits

Deposit growth is imperative for the long-term sustainability and success of credit unions. By embracing innovation, adapting to changing consumer preferences, and exploring new opportunities, credit unions can unlock deposit growth and thrive in the digital age.

Conquering Tech Debt for Credit Union Success

Much like the perilous complacency that befell credit unions with their loan pricing strategies, the specter of technical debt looms ominously. It demands not passive observation, but immediate and unwavering attention. To postpone addressing it is to court disaster, for the rapid pace of technological advancement allows no respite. Only through proactive measures can credit unions safeguard their relevance and viability, ensuring they remain agile and adaptive.

Business man walking through metal trap

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.

News

10 Best Student Debt Solutions for 2024

Student loans allow more individuals to realize their educational, occupational, and financial potential. But high student debt payments after graduation can reduce financial flexibility and discourage many from taking full advantage of their credentials.

Top 25 Lending Technology Companies

The Top 25 Lending Technology Companies of 2024

The Financial Technology Report is pleased to announce The Top 25 Lending Technology Companies of 2024. From consumer credit and cryptocurrency to small business loans, the fintech sector is experiencing a spur of innovation in part driven by advancements in AI. This wave of progress has driven both startups and legacy companies to introduce new solutions in consumer and business banking. The companies being recognized on this year’s list have consistently demonstrated an ability to anticipate and adapt to evolving trends and to offer market leading solutions to their customers.

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.

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.