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

Thanks to Tools and Trust, Banks Can Now Clear Up BNPL’s ‘Perception Problem’
Thanks to Tools and Trust, Banks Can Now Clear Up BNPL’s ‘Perception Problem’
August 17, 2022  |  Buy Now Pay Later

Buy now, pay later (BNPL) has a bit of a perception problem, Adam Hughes, CEO of Amount, told PYMNTS’ Karen Webster. The conventional wisdom is...

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MoneyLion Keeps Top Spot in Personal Loan App Ranking 
MoneyLion Keeps Top Spot in Personal Loan App Ranking 
August 16, 2022  |  Mobile Applications

Status quo was the theme amid the personal loan provider apps, in PYMNTS’ latest reading … at least for the most part. At least if...

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Funding Circle, Farm Bureau Bank Partner to Offer Credit to Underserved SMBs
Funding Circle, Farm Bureau Bank Partner to Offer Credit to Underserved SMBs
August 11, 2022  |  SMBs

Online small and medium-sized business (SMB) lending platform Funding Circle and Farm Bureau Bank have announced a partnership that they say will help underserved owners...

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Rocket Mortgage, Q2 Holdings Partner to Offer FIs Digital Home Loan Process
Rocket Mortgage, Q2 Holdings Partner to Offer FIs Digital Home Loan Process
August 11, 2022  |  Loans

Banks and credit unions (CUs) want to advance their digital strategies and offer new conveniences to customers but may be wary of the cost of...

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Reserve Bank of India Strengthens Digital Lending Rules
Reserve Bank of India Strengthens Digital Lending Rules
August 10, 2022  |  Bank Regulation

India’s central bank has issued new guidelines designed to add oversight to digital lending apps and the lenders who work with them. According to a...

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iCreditWorks Adds Short-Term Installments to POS Services
iCreditWorks Adds Short-Term Installments to POS Services
August 09, 2022  |  Loans

Mobile lending startup iCreditWorks is launching an installment product to add to its suite of point-of-sale (POS) financing solutions that enable users to pay off purchases in...

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US Bank Helps Car Dealers Deliver Instant Funding
US Bank Helps Car Dealers Deliver Instant Funding
August 09, 2022  |  Loans

U.S. Bank can now provide loan funds to car dealers immediately after a loan contract is finalized by the bank, according to a Tuesday (Aug....

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Upstart Sees Share Highs Plummet on Missed Q2 Earnings
Upstart Sees Share Highs Plummet on Missed Q2 Earnings
August 09, 2022  |  Earnings

Artificial intelligence (AI) lending marketplace Upstart on Monday (Aug. 8) delivered lower than expected financial results for the second quarter of fiscal year 2022 that brought close...

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Goldman Sachs Group Lends $150M to Clara to Meet LatAm Firms’ Need for Loans
Goldman Sachs Group Lends $150M to Clara to Meet LatAm Firms’ Need for Loans
August 08, 2022  |  Loans

Helping to meet Latin American corporations’ need for loans and assistance with spend management, Goldman Sachs Group has lent $150 million to Clara, a Mexican...

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