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

India’s Struggling Yes Bank Sees Share Boost From $1.2B Offer
India’s Struggling Yes Bank Sees Share Boost From $1.2B Offer
October 31, 2019  |  Investments

Yes Bank in India has received an offer from an unnamed investor in the amount of $1.2 billion for a stake in the bank, according...

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Deep Dive: How CUs Can Close The AI Innovation Gap
Deep Dive: How CUs Can Close The AI Innovation Gap
October 31, 2019  |  Credit Unions

Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient online services. However,...

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Open Banking Goes Straight To The Corporate Customer
Open Banking Goes Straight To The Corporate Customer
October 30, 2019  |  B2B Payments

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. The...

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Wells Axes 200+ Staffers From US Lending Units
Wells Axes 200+ Staffers From US Lending Units
October 27, 2019  |  Personnel

Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on...

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FundingSecure British P2P Lender Faces Collapse
FundingSecure British P2P Lender Faces Collapse
October 24, 2019  |  Loans

U.K.-based FundingSecure has called in administrators at CG Recovery as it becomes the second peer-to-peer (P2P) lender in the country to fold in six months....

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PayPal Expands SMB Loan Offering To Canada
PayPal Expands SMB Loan Offering To Canada
October 22, 2019  |  B2B Payments

PayPal is expanding its small business lending operations into Canada. In a press release issued on Monday (Oct. 21), the company announced PayPal Business Loan’s...

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Open Banking Expands Its Horizons For Small Business Finserv
Open Banking Expands Its Horizons For Small Business Finserv
October 21, 2019  |  B2B Payments

The evolution of financial services has opened the door for open banking to take place. While in the U.K., Europe and elsewhere, regulations mandate that...

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How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
October 21, 2019  |  Faster Payments

When financing a first home, a complicated mortgage process can confuse buyers, and draw out loan underwriting timelines — costing time and money. Yet, lenders...

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Despite China’s Slowing Economy, Credit Demand Still Strong
Despite China’s Slowing Economy, Credit Demand Still Strong
October 18, 2019  |  International

Chinese online finance giant Ant Financial, headed by billionaire Jack Ma, is seeing an uptick in the desire for credit among small and medium businesses...

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