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

Open Lending Looks to Meet Demand for Older Cars
Open Lending Looks to Meet Demand for Older Cars
February 09, 2023  |  Loans

Open Lending is expanding its car financing program to meet a demand for older vehicles. The Austin-based lending platform, which facilitates car loans, announced Thursday...

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IBM and Emkan Finance Develop Small Business Digital Lending Product
IBM and Emkan Finance Develop Small Business Digital Lending Product
February 09, 2023  |  B2B Payments

Emkan Finance and IBM have developed a digital financing product for small businesses in Saudi Arabia. In announcing the collaboration on Thursday (Feb. 7), IBM...

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Alternative Data Gives Lenders Better Insight to Small Business Finances
Alternative Data Gives Lenders Better Insight to Small Business Finances
February 08, 2023  |  SMBs

These are tough times for small businesses. Enigma Technologies Chief Operating Officer and Chief Product Officer Scott Steinberg told PYMNTS that economic uncertainty is not...

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Enigma and Alloy Team to Deliver Small Business Data to Banks
Enigma and Alloy Team to Deliver Small Business Data to Banks
February 07, 2023  |  Partnerships

Enigma and Alloy have partnered to help financial institutions (FIs) better understand small businesses. The collaboration adds Enigma’s intelligence about the financial health and identity...

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EMEA FinTechs Step up to Plug Small Business Finance Gap
EMEA FinTechs Step up to Plug Small Business Finance Gap
February 07, 2023  |  SMBs

In an area once dominated by banks, EMEA FinTechs are now major SMB lenders. Across Europe, Middle East and Africa (EMEA) region, a generation of...

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CFPB Warns of Mortgage Platform ‘Double Dealing’ as Rates Climb
CFPB Warns of Mortgage Platform ‘Double Dealing’ as Rates Climb
February 07, 2023  |  CFPB

The Consumer Financial Protection Bureau is warning Americans about “double dealing” by mortgage comparison-shopping platforms. “Companies operating these digital platforms appear to shoppers as if...

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OppFi Debuts Same-Day Funding Service for Underserved Borrowers
OppFi Debuts Same-Day Funding Service for Underserved Borrowers
February 07, 2023  |  Loans

Digital loan platform OppFi has introduced a same-day funding service aimed at underserved borrowers. The service lets qualified customers who apply and get approval by...

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Subprime Delinquencies Show Pressures of Paycheck-to-Paycheck Life
Subprime Delinquencies Show Pressures of Paycheck-to-Paycheck Life
February 02, 2023  |  Loans

Rising delinquencies among subprime and near-prime borrowers reveal the strain of living paycheck to paycheck. In a spate of earnings reports these past few weeks,...

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New York Regulator Requires New Disclosures for Small Businesses Financing
New York Regulator Requires New Disclosures for Small Businesses Financing
February 01, 2023  |  Regulation

New York’s financial watchdog wants small businesses to have enough information when they seek financing. To that end, the New York Department of Financial Services (NYDFS) has...

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