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

Personal Loan App Provider Ranking Sees Stability as Leader Achieves Another Perfect Score
Personal Loan App Provider Ranking Sees Stability as Leader Achieves Another Perfect Score
January 24, 2022  |  Mobile Applications

If stability is a good thing to have among financial service providers, we’ve hit the jackpot in this month’s edition of the PYMNTS Provider Ranking...

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Tink Intros Instant Income Verification Service for Banks
Tink Intros Instant Income Verification Service for Banks
January 24, 2022  |  Banking

Open banking platform Tink is rolling out a new service in the U.K. that enables lenders to verify a person’s income using real-time data from...

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Paytm, Fullerton, Partner on Consumer Lending
Paytm, Fullerton, Partner on Consumer Lending
January 24, 2022  |  BNPL

Credit company Fullerton India and Paytm owner One97 Communications Limited have joined forces to offer lending products to merchants and consumers. According to multiple media...

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Pinwheel CEO: Payroll Connectivity Gives Lenders View Into Consumer’s Total ‘Income Stack’
Pinwheel CEO: Payroll Connectivity Gives Lenders View Into Consumer’s Total ‘Income Stack’
January 21, 2022  |  API

As we earn our daily bread — the money we’re paid at 9-to-5 jobs or via gig work — there are foundational units that translate...

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CFPB to Probe College Loan Programs
CFPB to Probe College Loan Programs
January 20, 2022  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has announced its intent to look into post-secondary schools like for-profit colleges, which extend private loans to students. According...

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New Risk Scoring Model Opens Credit Doors for Small Businesses Banks Leave Behind
New Risk Scoring Model Opens Credit Doors for Small Businesses Banks Leave Behind
January 20, 2022  |  Risk Management

Using alternative data to underwrite business loans to small- to medium-sized businesses (SMBs) isn’t new, whether pulling from social media or using other nontraditional means....

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APIs Could Move UK SMBs From Siloed to Connected Data
APIs Could Move UK SMBs From Siloed to Connected Data
January 19, 2022  |  SMBs

Small- to medium-sized businesses (SMB) make up the backbone of economies. That statement is hard to challenge considering the abundant data available showing the significant...

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UK Challenger Bank Helps SMBs Build Credit History and Access Loans
UK Challenger Bank Helps SMBs Build Credit History and Access Loans
January 18, 2022  |  B2B Payments

Sixty-five percent. That’s the proportion of new U.K. businesses that are refused credit, leading to an estimated 6-billion-pound lending gap between small and medium-sized enterprise...

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Akulaku Considers Going Public Through SPAC at $2B
Akulaku Considers Going Public Through SPAC at $2B
January 14, 2022  |  SPAC

Indonesian online lender Akulaku Inc. is mulling going public in the U.S. through a merger with a blank-check company that would value the company at...

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