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

Business Services Provider Zventus Launches FinTech-in-a-Box for Lenders
Business Services Provider Zventus Launches FinTech-in-a-Box for Lenders
December 02, 2022  |  Loans

Zventus has launched a solution designed to help lenders better compete with FinTech companies. The global business services provider said in a Friday (Dec. 2)...

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Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
December 02, 2022  |  Security & Fraud

FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. That’s the short version of a new congressional report that...

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US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
December 01, 2022  |  Regulation

A U.S. House subcommittee said FinTech companies facilitated fraud in the Paycheck Protection Program (PPP). A staff report of the Select Subcommittee on the Coronavirus...

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Lawsuit in England Alleges Crypto Lender Nexo Prevented Withdrawals
Lawsuit in England Alleges Crypto Lender Nexo Prevented Withdrawals
November 21, 2022  |  Cryptocurrency

Cryptocurrency lender Nexo is being sued in England by investors who claim the company prevented them from withdrawing assets worth $126 million in March 2021...

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Chase Expands Special Purpose Credit Program for Small Businesses
Chase Expands Special Purpose Credit Program for Small Businesses
November 18, 2022  |  Banking

Aiming to expand credit access to businesses in historically underserved areas, Chase has announced the nationwide rollout of its Special Purpose Credit Program (SPCP). The...

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SMBs Hungry for New Sources of Credit to Help Fund Their Dreams and Needs
SMBs Hungry for New Sources of Credit to Help Fund Their Dreams and Needs
November 18, 2022  |  SMBs

Working capital remains elusive for small- to medium-sized businesses (SMBs). The risks taken by entrepreneurs with a product and a dream can be staggering, and...

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Retailers Turn Data Into New Credit Options for Consumers
Retailers Turn Data Into New Credit Options for Consumers
November 15, 2022  |  Consumer Finance

Like so many things looked at from a pre- and post-COVID perspective, the traditional methods of measuring credit worthiness — and extending credit — no...

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Egyptian Digital Lender Blnk Raises $32M
Egyptian Digital Lender Blnk Raises $32M
November 10, 2022  |  Investments

Blnk, an Egyptian buy now, pay later (BNPL) startup, has raised $23.7 million in equity and debt funding and a further $8.3 million via securitized...

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Virgin Money Accredited Under UK’s General Export Facility Program
Virgin Money Accredited Under UK’s General Export Facility Program
November 06, 2022  |  emea

Financial service firm Virgin Money has joined the English government’s General Export Facility (GEF), opening up access to financial support to the company’s business clients...

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