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

Small Businesses Need Credit, Lenders Need a Better Way to Assess That Risk
Small Businesses Need Credit, Lenders Need a Better Way to Assess That Risk
February 11, 2022  |  SMBs

Traditional credit scores — for decades, the prime metric to be granted or denied financing — is a bit of a relic, and in the...

READ MORE >
BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
February 10, 2022  |  Banking

Over 200 of Bank of America’s corporate and commercial clients around the U.S. — totaling 3 million employees — have adopted its Corporate Employee Banking...

READ MORE >
When Banks Say ‘No,’ Cash-Strapped Businesses Turn to Lending Marketplaces
When Banks Say ‘No,’ Cash-Strapped Businesses Turn to Lending Marketplaces
February 10, 2022  |  B2B Payments

As companies continue the never-ending work of making processes more efficient, today’s chief financial officers (CFOs) play a critical role in helping to determine where...

READ MORE >
Financial Inclusion Policies Move the Underserved Consumer Mainstream
Financial Inclusion Policies Move the Underserved Consumer Mainstream
February 10, 2022  |  Digital-First Banking

Financial services providers have an opportunity to help the unbanked and underbanked, graduate them to fully banked and retain them as regular customers. Orlando Zayas,...

READ MORE >
New Financing Options Help Patients, Practices Manage Rising Healthcare Costs
New Financing Options Help Patients, Practices Manage Rising Healthcare Costs
February 09, 2022  |  Healthcare

Consumers across demographic groups are feeling the sting of high out-of-pocket medical costs, often delaying or foregoing necessary treatment because they can’t afford it. With...

READ MORE >
Lending Platform Happy Money Valued at $1.1B
Lending Platform Happy Money Valued at $1.1B
February 08, 2022  |  Investments

Lending platform Happy Money has a new reason to be happy, after a recent funding round raised the company’s valuation to $1.1 billion. Happy Money,...

READ MORE >
Factoring Grows Up as Truckers Pair Modern Financial Products With Faster Payments
Factoring Grows Up as Truckers Pair Modern Financial Products With Faster Payments
February 08, 2022  |  B2B Payments

When BasicBlock CEO and Co-Founder Taylor Monks has a question related to software the company develops for trucking companies, he drives to a truck stop....

READ MORE >
Expensify Lands $100M Credit Facility From CIBC Innovation Banking
Expensify Lands $100M Credit Facility From CIBC Innovation Banking
February 07, 2022  |  Investments

CIBC Innovation Banking has provided $100 million as a credit facility to Expensify, a payments super app helping people manage money, the companies announced Monday...

READ MORE >
Rent-a-Bank Model May Be Living on Borrowed Time
Rent-a-Bank Model May Be Living on Borrowed Time
February 07, 2022  |  Banking

As FinTechs gain ground within financial services, as banks partner with these digital-first upstarts to broaden their offerings, several business practices are coming under scrutiny...

READ MORE >