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

FinTech Pismo Debuts Digital Lending Service
FinTech Pismo Debuts Digital Lending Service
March 07, 2023  |  Digital Banking

Brazil’s Pismo has debuted a lending tool to respond to increased demand for digital banking. “Financial institutions have become used to selecting from a series...

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Business-Focused Hotels Reportedly Have Difficulty Accessing Credit
Business-Focused Hotels Reportedly Have Difficulty Accessing Credit
March 06, 2023  |  Loans

Business-focused hotels that survived the pandemic shutdowns are now facing other challenges. Difficulty accessing credit is among the problems they are coping with today, The...

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Goldman’s Detour From Main Street Consumers Shows Challenges of Digital Banking
Goldman’s Detour From Main Street Consumers Shows Challenges of Digital Banking
February 28, 2023  |  Digital-First Banking

For Goldman Sachs, the journey down Main Street now seems like an ill-advised detour. As reported here, the white-shoe investment bank is mulling what’s next for its...

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Western Union and Beforepay Combine Lending and Remittances in Australia
Western Union and Beforepay Combine Lending and Remittances in Australia
February 24, 2023  |  Partnerships

Western Union and Beforepay have combined lending and remittances in a “send now, pay later” service. This new offering brings together Western Union’s cross-border, cross-currency...

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Small Business Lending’s Data Deficit Filled by AI’s Real-World Insights
Small Business Lending’s Data Deficit Filled by AI’s Real-World Insights
February 22, 2023  |  Loans

The promise of artificial intelligence is that, along with machine learning, it can solve real-world problems and change business for the better. Hicham Oudghiri, CEO...

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Small Businesses Get Working Capital Boost From Payments Platforms
Small Businesses Get Working Capital Boost From Payments Platforms
February 16, 2023  |  SMBs

It’s a given that smaller businesses have a hard time getting the capital they need. As noted here in recent PYMNTS coverage, big banks’ approval...

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Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
February 15, 2023  |  Personal Loans

For less than prime borrowers, personal loans are harder to come by. Recent earnings results from platform lenders show that demand for personals loans is...

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LendTech Platform Kennek Gets $4.5M in Pre-Seed Funding
LendTech Platform Kennek Gets $4.5M in Pre-Seed Funding
February 10, 2023  |  Investments

U.K.-based FinTech Kennek has raised $4.5 million in its pre-seed round. In a Thursday (Feb. 9) LinkedIn post announcing the fresh funding, Xavier De Pauw,...

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Affirm, Lending Platforms Lead FinTech IPO Index 8% Lower 
Affirm, Lending Platforms Lead FinTech IPO Index 8% Lower 
February 09, 2023  |  IPO

The lenders and platforms led the FinTech IPO Index down in a week, which logged an 8% loss. But for the group, overall, things are...

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