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

Car Apps Add Vehicle Financing to Acquire, Retain Customers
Car Apps Add Vehicle Financing to Acquire, Retain Customers
December 06, 2021  |  Consumer Payments

It’s been a turbulent 18 months for car owners. Since March 2020, there have been huge swings in the number of miles driven, rapid inflation...

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Loan Servicing Gets a Lift From Open Banking Platforms
Loan Servicing Gets a Lift From Open Banking Platforms
December 03, 2021  |  Loans

Lending, it’s been said, is as much art as science – and even in the 21st century, it is filled with friction. But with advanced...

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New Study: Instant Disbursements an Instant Winner With Consumers
New Study: Instant Disbursements an Instant Winner With Consumers
December 02, 2021  |  Disbursements

For millions, the pandemic has provided a new appreciation for how to send and receive money. That action was already extant when COVID-19 hit, but...

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Deep Dive: How Digitizing the Lending Process Can Help Accelerate Secure Fund Disbursements
Deep Dive: How Digitizing the Lending Process Can Help Accelerate Secure Fund Disbursements
December 02, 2021  |  Disbursements

Technological improvements across the financial sector have revolutionized the industry, and recent events surrounding the pandemic have only accelerated advancements. In response to the changing...

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LendingClub on the Benefits and Potential Pitfalls of Automated Lending
LendingClub on the Benefits and Potential Pitfalls of Automated Lending
December 01, 2021  |  Disbursements

Personal loans were still a niche product when peer-to-peer (P2P) lending company LendingClub was founded in 2007. Today, PYMNTS’ research shows that 24% of U.S....

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Bank Profits Fall Due to Loan Loss Reduction
Bank Profits Fall Due to Loan Loss Reduction
November 30, 2021  |  Loans

Banking profits dropped during the third quarter of 2021 due to a slower reduction in loan loss provisions, the Federal Deposit Insurance Corporation (FDIC) reported...

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Ant Group to Differentiate Between Borrowing From Company, Outside Lenders
Ant Group to Differentiate Between Borrowing From Company, Outside Lenders
November 24, 2021  |  International

Ant Group has begun telling customers whether they’re borrowing from the company or from an outside lender, as founder Jack Ma continues his attempts to...

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Small Business Owners, FinTechs Back Federal Truth in Lending Bill
Small Business Owners, FinTechs Back Federal Truth in Lending Bill
November 23, 2021  |  Loans

In lending, many basic protections that apply to consumers, such as disclosure of the annual percentage rate, aren’t required when lending to small businesses. And...

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‘Banking is Exciting’ FinWise CEO Says as Stock Surges After IPO
‘Banking is Exciting’ FinWise CEO Says as Stock Surges After IPO
November 22, 2021  |  Digital-First Banking

“Banking is an exciting place to be right now. There’s a lot happening,” Kent Landvatter, CEO/president of FinWise, told PYMNTS CEO Karen Webster in a...

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