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

Ant to Turn Over Consumer Credit Info to Chinese Government
Ant to Turn Over Consumer Credit Info to Chinese Government
September 22, 2021  |  International

Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting...

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India’s FinBox Unveils Account Aggregation Product for Loans
India’s FinBox Unveils Account Aggregation Product for Loans
September 21, 2021  |  Loans

India’s FinBox unveiled what the company said is one of the country’s first account aggregators — systems that let potential borrowers prepare and upload one...

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Amazon Partners With Lendistry on Short-Term Loan Program for SMBs
Amazon Partners With Lendistry on Short-Term Loan Program for SMBs
September 21, 2021  |  Retail

Retail giant Amazon and minority-led community development financial institution (FI) Lendistry on Tuesday (Sept. 21) announced a joint pilot program focused on helping small and...

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Independent Bank Drives Digital Lending With FinTech Numerated
Independent Bank Drives Digital Lending With FinTech Numerated
September 21, 2021  |  Digital Banking

Legacy financial institution (FI) Independent Bank is partnering with FinTech startup Numerated to advance commercial digital lending operations in Michigan. First Vice President of Independent Bank...

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Asset Manager White Oak Buys Trade Finance Firm Finacity
Asset Manager White Oak Buys Trade Finance Firm Finacity
September 20, 2021  |  B2B Payments

Alternative asset manager White Oak has acquired Finacity, which works in trade finance and working capital solutions for global companies, according to a press release....

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Open Finance Platform mmob Adds iwoca to Its Network
Open Finance Platform mmob Adds iwoca to Its Network
September 20, 2021  |  B2B Payments

The open finance partnership platform mmob has added small- to medium-sized business (SMB) lender iwoca to its network of digital finance providers, Financial IT reported....

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Coinbase Kills Lend Product Amid SEC Ire
Coinbase Kills Lend Product Amid SEC Ire
September 20, 2021  |  Cryptocurrency

Following lawsuit threats by the Security and Exchange Commission (SEC), Coinbase is killing its proposed loan product Coinbase Lend and its associated waitlist. “Our goal...

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Personal Loan App Ranking Changes, Yet Stays the Same, in a Ranking Riddle
Personal Loan App Ranking Changes, Yet Stays the Same, in a Ranking Riddle
September 17, 2021  |  Mobile Applications

Personal loans are taking many forms these days and using apps to obtain them is our favorite. Why? That should be obvious as this is...

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Goldman’s BNPL Play Strengthens Consumer Financing, Targets Merchant Growth
Goldman’s BNPL Play Strengthens Consumer Financing, Targets Merchant Growth
September 15, 2021  |  Partnerships / Acquisitions

Through the last few years, through the pandemic, especially, Wall Street behemoth Goldman Sachs has been ramping up its consumer banking efforts. In the latest...

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