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

Loanspark Launches Co-Branded B2B Lending Service
Loanspark Launches Co-Branded B2B Lending Service
February 01, 2023  |  B2B Payments

Loanspark has launched a co-branded lending service that helps B2B firms offer business funding products. With this new FinTech service, organizations can generate additional business revenue...

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SoFi Personal Loan Originations Leap 50%, Direct Deposit Gains Ground 
SoFi Personal Loan Originations Leap 50%, Direct Deposit Gains Ground 
January 30, 2023  |  Earnings

Demand for personal loans, direct deposit accounts and “cross-buy” opportunities boosted SoFi Technologies’ results despite macro headwinds.    Total deposits at SoFi Bank grew 46%...

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Lenders Prepare for Defaults as Recession Looms
Lenders Prepare for Defaults as Recession Looms
January 30, 2023  |  Economy

Banks and lenders are setting aside funds to cover loan losses out of fear of a recession. As The Wall Street Journal (WSJ) reported Monday...

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Capital One Helps Car Dealers Simplify Car Shopping With Digital Tool
Capital One Helps Car Dealers Simplify Car Shopping With Digital Tool
January 27, 2023  |  Loans

Capital One has launched a digital tool that helps dealers better understand consumers’ financial preferences upfront, creating a more transparent car buying experience. With the...

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Versatile Credit and American First Finance Provide Prequalification to Merchants
Versatile Credit and American First Finance Provide Prequalification to Merchants
January 27, 2023  |  Loans

Versatile Credit and American First Finance are now helping merchants reduce the risk of unnecessary credit checks. Their new deployment brings together Versatile Credit’s credit...

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Lenders Under Regulatory Scrutiny as Consumer Debt Soars in Europe
Lenders Under Regulatory Scrutiny as Consumer Debt Soars in Europe
January 26, 2023  |  Bank Regulation

European regulators are targeting lenders as they look to protect consumers from excessive debt. In various guises across the continent, borrowing is on the rise....

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FinTech Foro Debuts Platform to Challenge ‘Antiquated’ Business Lending
FinTech Foro Debuts Platform to Challenge ‘Antiquated’ Business Lending
January 26, 2023  |  Loans

FinTech startup Foro has debuted a commercial lending platform designed to match lenders and businesses. “For most small to midsize businesses, finding any commercial lending partner...

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SEC and Nexo Settle Charges Around Crypto Asset Lending Product
SEC and Nexo Settle Charges Around Crypto Asset Lending Product
January 20, 2023  |  Legal

Nexo has settled the federal and state charges brought against its crypto asset lending product. The Securities and Exchange Commission (SEC) said in a Thursday...

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Fed Wants More Information From Goldman on Marcus Risk Management
Fed Wants More Information From Goldman on Marcus Risk Management
January 20, 2023  |  Bank Regulation

The Federal Reserve is reportedly investigating Goldman Sachs’ consumer business, Marcus. The Wall Street Journal (WSJ) reported Friday (Jan. 20) that the regulator is looking...

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