Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

CFOs Tell Banks What They Want From Working Capital Solutions. And It Isn’t Always the Best Rate
CFOs Tell Banks What They Want From Working Capital Solutions. And It Isn’t Always the...
November 06, 2024  |  CFO

It was former Intel CEO Andy Grove who once said, “How well we communicate is determined not by how well we say things, but how...

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SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
October 29, 2024  |  Earnings

SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign. Members are accessing more products across...

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Pipe CEO Says Business Card Product Shifts Small Business Capital From Banks to Software Platforms
Pipe CEO Says Business Card Product Shifts Small Business Capital From Banks to Software Platforms
October 28, 2024  |  Digital Banking

Banks used to be the only game in town for small businesses looking to set up an account, get credit and hear advice about managing...

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Amount Debuts AI Policy Optimizer for Risk Assessment, Credit Underwriting
Amount Debuts AI Policy Optimizer for Risk Assessment, Credit Underwriting
October 24, 2024  |  artificial intelligence

Credit underwriting strategy can be an untapped competitive advantage for lenders. It turns out analytics can be used to automate and improve that too. To...

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Earnings Season Shows Consumer Pressures on Auto Loan Payments
Earnings Season Shows Consumer Pressures on Auto Loan Payments
October 21, 2024  |  Loans

Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas...

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Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls
Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls
October 18, 2024  |  Earnings

Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter...

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Regional Banks Report Credit Quality Remained Strong in Q3
Regional Banks Report Credit Quality Remained Strong in Q3
October 17, 2024  |  Earnings

Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in...

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SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
October 16, 2024  |  Digital Banking

Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety...

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PNC Expects Loan Growth After Fed’s Rate Cut
PNC Expects Loan Growth After Fed’s Rate Cut
October 15, 2024  |  Earnings

PNC Financial Services Group said Tuesday (Oct. 15) that it is prepared for lending to pick up after the Federal Reserve cut interest rates in...

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