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

Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers

Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
November 13, 2020  |  Retail

Given that 90 percent of new car purchases and half of used car purchases are financed, it’s no surprise that the lifestyle changes and digital...

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Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
November 13, 2020  |  The Weekender

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives...

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HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
November 12, 2020  |  B2B Payments

To simplify banking for small- to medium-sized businesses (SMBs) in the United States, HSBC is rolling out a new service with Biz2Credit. The financial institution...

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Zest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit
Zest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit
November 10, 2020  |  Loans

The use of artificial intelligence (AI) and machine learning (ML) isn’t some futuristic idea. It’s here now and being used to make good banks better...

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Bounce-Back Loans Shaky After Funding Loss By UK FinTech Lender Tide 
Bounce-Back Loans Shaky After Funding Loss By UK FinTech Lender Tide 
November 09, 2020  |  B2B Payments

Numerous British firms are at risk of losing access to bounce-back loans (BBL) after the U.K. FinTech Tide withdrew from the program citing inadequate funding,...

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Blockchain Lending Firm Figure Seeks National Bank Charter
Blockchain Lending Firm Figure Seeks National Bank Charter
November 06, 2020  |  Banking

Financial services firm Figure Technologies, Inc. has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let...

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UK Banks Nix $1.3B In Fraudulent ‘Bounce-Back’ Loans
UK Banks Nix $1.3B In Fraudulent ‘Bounce-Back’ Loans
November 05, 2020  |  Security & Fraud

The United Kingdom’s version of the Paycheck Protection Program is also getting hit up by fraudsters, though British bankers appear to be a step ahead...

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Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
November 05, 2020  |  Loans

Amid the pandemic, a ceiling on payday loans extends … state by state. Get the Full Story Complete the form to unlock this article and...

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Today In Digital-First Banking: Ternio’s BlockCard Collaborates With Paxful For Debit Card; Fed Changes Main Street Lending Terms
Today In Digital-First Banking: Ternio’s BlockCard Collaborates With Paxful For Debit Card; Fed Changes Main...
November 02, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal...

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