Data intelligence firm Curinos rolled out a new small business lending platform Wednesday (June 22), allowing direct access for various originations metrics. The platform, called LendersBenchmark, will offer weekly up-to-date originations data and metrics, delivering financial institutions the performance data and market insights to deal...
The U.K. No Interest Loans Scheme (Nils), backed by the treasury, will now be expanded to reach up to 20,000 people, a report says. Nils will reportedly offer emergency loans for those who’d be turned down otherwise because they can’t afford interest payments. Nils’ website...
Corporate banking clients are becoming increasingly demanding when it comes to getting advanced digital tools and support from their financial institutions (FIs), according to the June 2022 edition of PYMNTS’ Next-Gen Commercial Banking Tracker®. Whether it’s a small- to medium-sized business (SMB) or a large...
The freeze thaws, and then comes the deluge. For the paycheck-to-paycheck economy, the tide of debt obligations may be tough to navigate. The Federal Reserve said in a note last week that roughly 60% of borrowers holding student loan debt have not made any payments...
Lending solution Kennek will debut a new “plug and play” credit infrastructure on cloud banking platform Mambu to help alternative lenders and credit investors with credit sourcing, Mambu said in a press release. Building on Mambu’s composable cloud platform, the company will offer a “highly...
Employment and income verification solution Truework has teamed up with Plaid to expand its consumer lending offering, Plaid Payroll Income. In an announcement on its website Friday (May 27), Truework said the partnership involves integrating the Plaid tool into Truework Credentials, letting applicants share their...
Risk and reward are the cornerstones of any asset class. Clarke Roberts, senior vice president, Electronic Trading Services at LendingClub, told Karen Webster that whole loan auctions — where institutional clients buy and sell LendingClub’s bundled personal loans — are due for a tech-enabled, digital...
LendingClub, the parent of LendingClub Bank, on Wednesday (May 25) announced it is adding client-to-client sales to LCX, its automated loan-auction platform. The new capacity will let institutional investors sell LendingClub loans to each other directly, the announcement said. The change, according to LendingClub, should...
Canadian integrated payment technology company VoPay has launched a partnership with unified lending management company TurnKey Lender to provide lenders with fully digitized end-to-end process automation, according to a Tuesday (May 17) press release. “TurnKey Lender and VoPay are combining forces to further streamline the digitization...
