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

Flipkart Launches Cashless Credit, Eyes Non-Banking License
Flipkart Launches Cashless Credit, Eyes Non-Banking License
September 20, 2018  |  Retail

Flipkart has launched a cashless credit program to give shoppers an instant credit line of up to Rs 60,000 ($833.97 USD). According to DealStreetAsia, depending...

READ MORE >
Square Eyes Banking Services Via Cash App
Square Eyes Banking Services Via Cash App
September 19, 2018  |  Mobile Applications

Square is in consideration of offering traditional banking services through its peer-to-peer (P2P) payment app. At Recode’s annual Code Commerce conference in New York on...

READ MORE >
A Decade On, Lending Transformed By Crisis And Innovation
A Decade On, Lending Transformed By Crisis And Innovation
September 18, 2018  |  Consumer Finance

Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a decade on, invention...

READ MORE >
BlueVine, Fundbox Grow AltFin Group ILPA
BlueVine, Fundbox Grow AltFin Group ILPA
September 18, 2018  |  B2B Payments

The Innovative Lending Platform Association (ILPA) has added three members, according to an announcement made on Monday (Sept. 17). Alternative lending companies BlueVine, Fundbox and 6th...

READ MORE >
FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters
FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters
September 18, 2018  |  B2B Payments

From Abu Dhabi to Singapore, government efforts are underway to court FI/FinTech collaborations. In NY, salvos of lawsuits are being lobbed over FinTech banking charters....

READ MORE >
Funding Circle Fund Sees US Loan Defaults Rise
Funding Circle Fund Sees US Loan Defaults Rise
September 17, 2018  |  B2B Payments

In August, more corporate borrowers defaulted on their loans issued by Funding Circle‘s U.S. operations than they did previously in 2018. According to Peer2Peer (P2P) Finance...

READ MORE >
NY Sues Fed Over OCC’s FinTech Charter Decision
NY Sues Fed Over OCC’s FinTech Charter Decision
September 14, 2018  |  Banking

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the...

READ MORE >
Prospa Bends To Regs’ Unfair Contract Claims
Prospa Bends To Regs’ Unfair Contract Claims
September 10, 2018  |  B2B Payments

Weeks after Australia alternative lending platform Prospa cancelled its IPO, amid backlash over contractual agreements with borrowers, the company has bowed to regulators’ demands that...

READ MORE >
Investors Target B2B FinTech Firms That Multitask
Investors Target B2B FinTech Firms That Multitask
September 07, 2018  |  B2B Payments

There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain...

READ MORE >