OnDeck launches new subsidiary to partner with banks

NEW YORK (Reuters) – OnDeck Capital Inc has set up a subsidiary that will provide technology and other services to banks looking to lend to small businesses online, it said on Tuesday.

Called ODX, the new company will expand OnDeck’s existing business of providing online lending software to banks, such as JPMorgan Chase & Co, the company said.

ODX plans to announce a new bank partnership imminently and has a pipeline of other potential bank partners across the world, the ...

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A.I. talent shortage hampers some tech firms

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