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

Wells Fargo Posts Declines in Revenue, Home Lending
Wells Fargo Posts Declines in Revenue, Home Lending
April 14, 2022  |  Earnings

Wells Fargo released its first-quarter earnings report Thursday (April 14), showing a decline in revenue — a 20% drop in profit from last year —...

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Finastra, Microsoft Form BaaS Partnership for Small Business Lending
Finastra, Microsoft Form BaaS Partnership for Small Business Lending
April 12, 2022  |  Partnerships

London-based FinTech Finastra has launched a Banking-as-a-Service (BaaS) collaboration with Microsoft, according to a Tuesday (April 12) press release. The partnership is designed to offer...

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Today in B2B Payments: KredX, ICICI Bank to Debut Commercial Card; Axis Bank, ADB Start Supply Chain Financing Project
Today in B2B Payments: KredX, ICICI Bank to Debut Commercial Card; Axis Bank, ADB Start...
April 08, 2022  |  B2B Payments

In today’s B2B payments news, KredX and ICICI Bank partner to launch a cash back commercial card. Plus, Axis Bank and ADB work on a...

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Acorn Finance, Landscape Management Network Team to Fund Home Improvements
Acorn Finance, Landscape Management Network Team to Fund Home Improvements
April 08, 2022  |  Partnerships

Landscape Management Network (LMN) and home improvement lender Acorn Finance have joined forces to launch a new funding tool for landscape contractors and their customers,...

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Data, Tech Improve Productivity, Credit Access for Africa’s Smallholder Farmers
Data, Tech Improve Productivity, Credit Access for Africa’s Smallholder Farmers
March 31, 2022  |  Financial Inclusion

Smallholder farms make up over 60% of sub-Saharan Africa’s population, according to data from McKinsey, yet only about 20% of this region’s gross domestic product...

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Third Generation of BNPL Holds Potential to Reshape Entire Credit Industry
Third Generation of BNPL Holds Potential to Reshape Entire Credit Industry
March 28, 2022  |  Buy Now Pay Later

There was Web 1.0, Web 2.0, the mobile web, the metaverse — you get the idea. It’s an evolution. We find much the same pattern...

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Strong Credit Engine, Global Partnerships, Keys to Big Wins in EU BNPL Market
Strong Credit Engine, Global Partnerships, Keys to Big Wins in EU BNPL Market
March 28, 2022  |  Buy Now Pay Later

The pandemic and associated economic difficulties have given way to a buy now, pay later (BNPL) boom worldwide as consumers embrace the option of paying...

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Today in FinTech: Kadmos Eyes New Sectors; Chetwood Acquires Yobota
Today in FinTech: Kadmos Eyes New Sectors; Chetwood Acquires Yobota
March 24, 2022  |  Technology

Today in FinTech news, Kadmos is eyeing new industries as it secures seed funding, while Chetwood Financial acquires Yobota. Plus, new unicorn Clara expands into...

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Credit-as-a-Service Helps Businesses Offer Better, Faster, Cheaper Loans
Credit-as-a-Service Helps Businesses Offer Better, Faster, Cheaper Loans
March 24, 2022  |  Loans

Until recently, offering that credit product has been easier said than done, involving finding a bank sponsor to handle compliance, risk modeling, underwriting — the...

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