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

Bank of America Reshuffles Lending Unit Employees
Bank of America Reshuffles Lending Unit Employees
March 24, 2023  |  Banking

Bank of America has reportedly shifted some employees from its wealth management and lending unit. Fewer than 200 employees were moved out of the unit,...

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Payment Innovations Tackle Trade Finance Gap as Banks Pull Back
Payment Innovations Tackle Trade Finance Gap as Banks Pull Back
March 24, 2023  |  Payments Innovation

The old adage is that banks lend when you don’t need the money. When capital is hard to come by or when there’s the hint...

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KreditBee Teams With PayU to Offer Cardless Installment Payments
KreditBee Teams With PayU to Offer Cardless Installment Payments
March 22, 2023  |  Payment Methods

Indian lender KreditBee has teamed with PayU to let consumers pay for purchases in installments. The partnership, announced Wednesday (March 22), lets PayU merchants work...

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Tink Teams With ConTe.it Prestiti to Improve Instant Lending
Tink Teams With ConTe.it Prestiti to Improve Instant Lending
March 21, 2023  |  Loans

Tink has joined forces with Italian FinTech ConTe.it Prestiti to streamline loan applications. According to a Tuesday (March 21) news release, ConTe.it Prestiti has embedded...

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Banks Reportedly Further Reduce Offering of Leveraged Loans
Banks Reportedly Further Reduce Offering of Leveraged Loans
March 21, 2023  |  Banking

American and European banks are reportedly reducing their already low offering of leveraged loans. This move follows the recent takeover of Credit Suisse Group and...

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Citi’s SMB Lending Platform Targets Corporate Suppliers
Citi’s SMB Lending Platform Targets Corporate Suppliers
March 21, 2023  |  SMBs

As banking relationships evolve, bank offerings are transforming alongside them. This, as Rohit Mathur, head of Bridge built by Citi, tells PYMNTS CEO Karen Webster that...

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Provider Ranking of Personal Loan Apps Shows Movement on a Short List
Provider Ranking of Personal Loan Apps Shows Movement on a Short List
March 20, 2023  |  Mobile Applications

When a Top 10 list only features eight brands you know they’re something special, and the Provider Ranking of Personal Loans Apps is exactly that....

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Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck Consumers
March 20, 2023  |  Banking

The old adage is that a butterfly flaps its wings, and eventually, there’s a hurricane, far away. We may see the Butterfly Effect, as it’s...

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ForwardAI Debuts Update to Small Business Lending Solution
ForwardAI Debuts Update to Small Business Lending Solution
March 19, 2023  |  B2B Payments

Business data FinTech ForwardAI has unveiled an update to its Precise API tool to help streamline financial decisions.  First launched in 2021, Precise is an application programming interface (API)...

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