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August 30, 2021 | 0 min read
U.S. banks give embedded finance a whirl. Will it catch on?
By Penny Crosman
August 30, 2021
TAB Bank now works with MuleSoft in San Francisco for its application programming interfaces and [Lehi], Utah-based MX for data management.
TAB Bank in Ogden, Utah, was founded 23 years ago as an affiliate of a chain of truck stops, providing financing and payment technology to truckers on the road, said CEO Curt Queyrouze. It set up kiosks in the truck stops so a driver could drop off a load, take the bill of lading to the kiosk and fax it to the bank, which would give the trucker credit to pay for fuel, tires or whatever might be needed …
TAB Bank now works with MuleSoft in San Francisco for its application programming interfaces and Provo, Utah-based MX for data management. It makes small-business loans through SmartBiz, a website that matches borrowers with Small Business Administration lenders. It also works with six other marketplace lenders, some of which offer buy now/pay later loans through retail sites.
Read the full article here.