Social economy

Credit Union of Colorado Chooses Scienaptic’s AI-Powered Platform to Deliver Better, Faster, More Personalized Credit Decisions

Retrieved on: 
Monday, August 2, 2021
Professional services, Data management, Technology, Finance, Software, Banking, Mixed economies, Community building, Cooperative banking, Credit union, Social economy, Economy

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Credit Union of Colorado has selected its AI-powered platform.

Key Points: 
  • Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Credit Union of Colorado has selected its AI-powered platform.
  • The implementation will enable the credit union to make stronger, faster credit decisions and enhance financial options for its members.
  • Through Scienaptics AI-enabled credit underwriting platform, credit access for the credit unions members will be further enhanced.
  • We are excited to deploy Scienaptic's AI-powered platform to bring instant, better and more personalized credit decisions to our members, said Chad Wilcox, senior vice president of Lending at Credit Union of Colorado.

Maryland Innovation Center welcomes Social Capital Builders

Retrieved on: 
Monday, August 2, 2021
Academic disciplines, Articles, Capital, Economic sociology, Social Capital, Social economy, Socioeconomics, Literacy

DeJesus Solutions' Social Capital Builders project works to advance the lifelong economic and social well-being of youth through social capital literacy, analysis and development.

Key Points: 
  • DeJesus Solutions' Social Capital Builders project works to advance the lifelong economic and social well-being of youth through social capital literacy, analysis and development.
  • DeJesus knows the pivotal role social capital plays in helping individuals connect to and excel in, careers and life.
  • With the help of the company's CTO, Adam Douglas, Social Capital Builders is ready to launch their Foundations in Social Capital Literacy curriculum and web-based application this fall.
  • Chuck Bubeck, the Executive Director of the Innovation Center stated, "We are excited to house this important project at MIC and look forward to supporting Social Capital Builders as they build momentum for youth to build economic and social wellbeing."

X Financial to Report Second Quarter 2021 Financial Results on August 10, 2021

Retrieved on: 
Monday, August 2, 2021
Credit, Economy, Finance, Social economy, Weemba, Microfinance

X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.

Key Points: 
  • X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China.
  • The Company is committed to connecting borrowers on its platform with its institutional funding partners.
  • With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate loans to prime borrowers under a robust risk assessment and control system.

Northwest Federal Donates over $17,000 to Local Food Pantries

Retrieved on: 
Friday, July 30, 2021
Professional services, Philanthropy, Fund Raising, Finance, Foundation, Banking, Mixed economies, Community building, Cooperative banking, Credit union, Social economy, Economy, Lafayette Federal Credit Union, NASA Federal Credit Union

All recipient organizations are Northwest Federal Credit Union Community Partners.

Key Points: 
  • All recipient organizations are Northwest Federal Credit Union Community Partners.
  • The Community Partner program at Northwest Federal is a free partnership for 501(c)(3) organizations whose missions align with Northwest Federals four paths of community outreach: animal welfare, children and special needs, environment and the arts, and health and wellness.
  • Northwest Federal Credit Union is a full-service financial institution ranking among the largest credit unions in Virginia and in the top 60 credit unions in the nation.
  • Established in 1947 and headquartered in Herndon, Va., Northwest Federal's Why is to serve and inspire to transform lives.

TopLine Credit Union Foundation Hosts 5th Lawn Bowling Fundraiser Raising Over $50,000

Retrieved on: 
Thursday, July 29, 2021
Community building, Cooperative banking, Credit union, Social economy, Topline

MAPLE GROVE, Minn., July 29, 2021 (GLOBE NEWSWIRE) -- TopLine Credit Union Foundation , a 501(c)(3) non-profit organization of local member-owned financial cooperative TopLine Federal Credit Union , raised over $50,000 towards a scholarship fund that will help students with the costs of higher education at a recent lawn bowling benefit event.

Key Points: 
  • MAPLE GROVE, Minn., July 29, 2021 (GLOBE NEWSWIRE) -- TopLine Credit Union Foundation , a 501(c)(3) non-profit organization of local member-owned financial cooperative TopLine Federal Credit Union , raised over $50,000 towards a scholarship fund that will help students with the costs of higher education at a recent lawn bowling benefit event.
  • It turned out to be a record-breaking year with attendance, sponsorships and donations, raising $50,000, over double of all previous years.
  • Since the inception of TopLine Credit Union Foundation in 2015, the foundation has awarded over $71,500 to recipients pursuing or continuing post-secondary education.
  • TopLine Federal Credit Union , a Twin Cities-based credit union, is Minnesotas 13th largest, with assets of more than $615 million and serves nearly 46,000 members.

Finitive Honored on Financial Technology Report's 2021 List of Top 100 Financial Technology Companies

Retrieved on: 
Thursday, July 29, 2021
Finance, Money, Economy, Financial technology, Banking, Social economy

NEW YORK, July 29, 2021 /PRNewswire/ -- Finitive, the leading data-driven private credit marketplace, today announced that it has been named one of the Top 100 Financial Technology Companies of 2021 by the Financial Technology Report.

Key Points: 
  • NEW YORK, July 29, 2021 /PRNewswire/ -- Finitive, the leading data-driven private credit marketplace, today announced that it has been named one of the Top 100 Financial Technology Companies of 2021 by the Financial Technology Report.
  • "Finitive's private credit marketplace uses technology and proprietary algorithms to connect borrowers with capital providers quickly and efficiently," said Finitive founder and CEO Jon Barlow.
  • "It is a distinct honor for Finitive to be recognized by Financial Technology Report for making private credit transactions fast and accessible through its tech-enabled platform.
  • The Financial Technology Report provides industry executives, professionals, and investors with important news and information on the financial technology industry.

Associated Bank Launches Personal Loans Powered by Upstart

Retrieved on: 
Wednesday, July 28, 2021
Professional services, Technology, Other Technology, Finance, Software, Banking, Finance, Economy, Upstart, Bank, Loans, Social economy

Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced Associated Bank, a leading Midwest regional bank, has launched enhanced personal loan capabilities including a seamless, digital experience enabled by Upstart.

Key Points: 
  • Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced Associated Bank, a leading Midwest regional bank, has launched enhanced personal loan capabilities including a seamless, digital experience enabled by Upstart.
  • View the full release here: https://www.businesswire.com/news/home/20210728005358/en/
    Quote from Brent Tischler, Executive Vice President, Director of Retail Banking at Associated Bank (Graphic: Business Wire)
    Associated Bank is now offering personal loans powered by Upstarts all-digital, AI-lending platform on its bank website to better serve its customers and approve more borrowers while staying within the banks risk parameters.
  • Associated Bank is transforming our consumer lending products and excited to partner with Upstart to deliver a modern digital lending experience for personal loans, said Brent Tischler, Executive Vice President, Director of Retail Banking at Associated Bank.
  • With a new personal loan product powered by Upstart on our website, we are able to provide a fast, convenient borrowing experience for more customers in the communities we serve.

Oxford Finance Closes $28 Million Credit Facility with AvantGarde Senior Living

Retrieved on: 
Tuesday, July 27, 2021
Nursing, Construction & Property, Seniors, Finance, Professional services, Other Health, Managed care, Consumer, Health, Residential Building & Real Estate, Social economy, Oxford Finance LLC, AvantGarde Senior Living, OXFORD FINANCE LLC, AVANTGARDE SENIOR LIVING

Oxford Finance LLC (Oxford), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (AvantGarde or the Company), A Luxurious Senior Living Community.

Key Points: 
  • Oxford Finance LLC (Oxford), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (AvantGarde or the Company), A Luxurious Senior Living Community.
  • AvantGarde Senior Living of Tarzana is a certified Positive Approach Community focused on providing innovative geriatric programs, top-notch assisted care, memory care, and independent living services.
  • Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide.
  • In recent years, Oxford has originated over $7 billion in loans, with lines of credit ranging from $5 million to $150 million.

On Tap Credit Union Wins Best Credit Union/Bank in Arvada and Golden for the Second Year in a Row

Retrieved on: 
Tuesday, July 27, 2021
Banking, Professional services, Finance, Articles, Mixed economies, Economic systems, Community building, Cooperative banking, Credit union, Social economy, Cooperative

Taking care of our members financial needs and future goals is something we deeply care about, said On Tap Credit Union President and CEO Tracie Wilcox.

Key Points: 
  • Taking care of our members financial needs and future goals is something we deeply care about, said On Tap Credit Union President and CEO Tracie Wilcox.
  • At On Tap Credit Union, we approach money a little differently.
  • Anyone interested in learning more about On Tap Credit Union can request a call back here, www.ontapcu.org/about-us/contact-us or visit our website.
  • Formerly Coors Credit Union, On Tap Credit Union is a full-service cooperative financial institution serving people living and working in Jefferson, Denver, Boulder, and Larimer counties.

Fast Launches Fast Donate, Allowing Nonprofits To Keep 100% Of Online Donations

Retrieved on: 
Tuesday, July 27, 2021
Articles, Nonprofit organization, Social economy, Checkout

With Fast Donate, donors can give to charities faster, safer and easier online using Fast Checkout , while nonprofits can now use the funds entirely for their projects, instead of reserving portions for payment processing fees.

Key Points: 
  • With Fast Donate, donors can give to charities faster, safer and easier online using Fast Checkout , while nonprofits can now use the funds entirely for their projects, instead of reserving portions for payment processing fees.
  • Yet online contributions are often diluted by various fees that can be upwards of 6 % , covered either by the donor or the nonprofit.
  • Fast Donate eliminates this obstacle, increasing overall donations, and ensuring every penny is in the hands of those who would benefit most.
  • Fast Donate uses the same technology that powers the company's signature one-click checkout, enabling instant donations without long-form fields.