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

Amex Partners With Better, Rocket Mortgage On Home Loans
Amex Partners With Better, Rocket Mortgage On Home Loans
June 30, 2021  |  Loans

Those looking to get home loans will now be able to do so through American Express (Amex) and its new partnership with two FinTechs, Better...

READ MORE >
Data Helps De-Stress The Consumer’s Lending, Borrow, Savings Process
Data Helps De-Stress The Consumer’s Lending, Borrow, Savings Process
June 30, 2021  |  Banking

“Bank is no longer a place you go — it’s a thing you do,” LendingClub Financial Health Officer Anuj Nayar told PYMNTS in an interview....

READ MORE >
‘Rent A Bank’ Fades For Payday Lenders, FIs Step In On Short-Term Loans 
‘Rent A Bank’ Fades For Payday Lenders, FIs Step In On Short-Term Loans 
June 25, 2021  |  Regulation

The regulatory gaze on payday lending is tightening. To that end, as reported by the Associated Press, Congress has voted to overturn Trump-era regulations that...

READ MORE >
NXTsoft, Upstart Partnership Aims To Bring AI To More Lenders
NXTsoft, Upstart Partnership Aims To Bring AI To More Lenders
June 23, 2021  |  Artificial Intelligence

NXTsoft, which provides API connectivity for banks and FinTechs, announced on Wednesday (June 23) that it has formed a partnership with the artificial intelligence (AI)...

READ MORE >
New Jersey’s Cross River Bank Picks Up Analytics Company PeerIQ
New Jersey’s Cross River Bank Picks Up Analytics Company PeerIQ
June 23, 2021  |  Partnerships / Acquisitions

CRB Group has acquired PeerIQ, a data and risk analytics company that helps lending institutions analyze, assess and manage risk. CRB, based in Fort Lee,...

READ MORE >
Non-Bank Lenders Leading The Mortgage Race
Non-Bank Lenders Leading The Mortgage Race
June 22, 2021  |  Loans

Last year was a record year for Americans taking out mortgages. And as The Wall Street Journal reported Tuesday (June 22), most of those mortgages...

READ MORE >
Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
June 17, 2021  |  Risk Management

The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to...

READ MORE >
New Report: 53 Pct Of Upper-Income Americans Live Paycheck-To-Paycheck
New Report: 53 Pct Of Upper-Income Americans Live Paycheck-To-Paycheck
June 15, 2021  |  Consumer Finance

Living paycheck to paycheck is sometimes seen as synonymous with being poor, an unfortunate but relatively uncommon circumstance. In fact, it is far more widespread...

READ MORE >
As FinTech Business Models Shift, Asset-Based Funding Evolves, Too
As FinTech Business Models Shift, Asset-Based Funding Evolves, Too
June 11, 2021  |  B2B Payments

Not every form of financing is right for every business, but for many high-growth technology companies, the options for funding that fits their expansion trajectories...

READ MORE >