With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. The stakes are high for the company, which has a business that relies...
Barclays is now offering £100,000 unsecured lending for SMEs on its app and online banking platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
U.S. mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates, the Financial Times reported Sunday (Aug. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Citi Australia wants in on the burgeoning buy now, pay later market and is launching a new installment loan product with Kogan that will swap flat rates for interest rates, The Sydney Morning Herald reported on Sunday (Aug. 18). Get the Full Story Complete the...
Please take out a loan. Stimulate the economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...
To broaden access to responsible credit with additional models, LendingClub has announced the rollout of its Select Plus Platform. The offering opens the company’s marketplace to sophisticated investors to find opportunities for approving borrowers who fall outside the current criteria, LendingClub said in an announcement....
A survey of bank officers published on Monday (Aug. 5) showed loan standards on commercial and industrial loans to both large and mid-sized firms during the second quarter of 2019 didn’t change, and standards were eased on smaller firms, according to a report by Reuters....
Following its disclosure that JPMorgan Chase would no longer originate new small business loans through OnDeck’s platform hosting Chase Business Quick Capital, shares in OnDeck fell 22 percent. However, the company will still function as a servicer for up to two years when it comes...
Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
