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

GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending
GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending
January 07, 2019  |  B2B Payments

Collaborative efforts between FinTech firms and traditional FIs could get a boost amid guidelines for alternative data used in credit decisions, said the GAO. In...

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Didi Chuxing Offers Financial Services
Didi Chuxing Offers Financial Services
January 02, 2019  |  International

Didi Chuxing, China’s largest ride-hailing company, has debuted a slew of financial products for workers, according to reports. The company will offer crowdfunding and lending...

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Crypto Lenders See Demand Despite Bitcoin’s Fall
Crypto Lenders See Demand Despite Bitcoin’s Fall
January 02, 2019  |  Cryptocurrency

Lenders are weathering the downturn in cryptocurrency better than other players, with the industry seeing strong demand from borrowers. According to a report in Bloomberg,...

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Eddie Lampert Submits $4.4B Bid To Save Sears
Eddie Lampert Submits $4.4B Bid To Save Sears
January 02, 2019  |  Retail

In an effort that could help preserve 425 locations and the jobs of up to 50,000 workers, Sears Holdings Corp. Chairman Eddie Lampert made a...

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AltFin’s Bumpy Ride Into An Uncertain 2019
AltFin’s Bumpy Ride Into An Uncertain 2019
December 28, 2018  |  Alternative Finances

“It was the best of times, it was the worst of times…” -Charles Dickens, A Tale of Two Cities Charles Dickens’ famous starter to A...

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Eight UK Credit Unions Went Out Of Business In 2018
Eight UK Credit Unions Went Out Of Business In 2018
December 26, 2018  |  Loans

Largely hailed as safe alternatives to payday loan firms, credit unions in the U.K. are shuttering at the fastest tempo in years, amid fears that...

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Affirm’s Levchin On Changing The Consumer Credit Conversation
Affirm’s Levchin On Changing The Consumer Credit Conversation
December 21, 2018  |  Alternative Finances

The conversation about credit in the U.S. has become one of extremes. There is a growing chorus of voices that eschew credit as a “dangerous...

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China Institutes New Policy To Boost Small Firm Lending
China Institutes New Policy To Boost Small Firm Lending
December 19, 2018  |  Loans

Faced with a slowing economy and a trade dispute with the U.S., China’s central bank on Wednesday (Dec. 19) announced a new policy tool aimed...

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Kenya Gets Ready To Unveil Sandbox Policy
Kenya Gets Ready To Unveil Sandbox Policy
December 18, 2018  |  B2B Payments

Kenyan financial authorities are on the cusp of unveiling a FinTech sandbox that will initially focus on robo-advisors and consider blockchain. Across Europe, Revolut looks to...

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