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

Lending Platform Momnt Promotes Chris Bracken to CEO
Lending Platform Momnt Promotes Chris Bracken to CEO
June 17, 2024  |  Personnel

Embedded lending platform Momnt has a new chief executive officer. Chris Bracken, who has served as the company’s revenue lead since 2020, has been promoted...

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They Said What? Notable Quotables From This Week in PYMNTS
They Said What? Notable Quotables From This Week in PYMNTS
June 14, 2024  |  This Week in PYMNTS

This week in PYMNTS, industry insiders discuss everything from composable banking to network tokenization to which tradeoffs lipstick buyers are and are not willing to...

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Former Visa CEO Carl Pascarella Talks the Future of Credit
Former Visa CEO Carl Pascarella Talks the Future of Credit
June 14, 2024  |  Loans

When it comes to financial technology and payments modernization, there’s nothing like a seasoned veteran of the business for some perspective. Carl Pascarella, former CEO...

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Goldman Plans to Double Down on Loans to Super-Rich Clients
Goldman Plans to Double Down on Loans to Super-Rich Clients
June 13, 2024  |  Banking

Goldman Sachs reportedly wants to double its lending to its most affluent customers. This plan would play out over the next five years for clients with...

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Study: Small Businesses Emerge as Prime Candidates for Embedded Lending Products
Study: Small Businesses Emerge as Prime Candidates for Embedded Lending Products
June 12, 2024  |  Consumer Finance

Lenders across major global economies offer embedded lending. However, data suggests that the typical lender that serves consumers or small- to medium-sized businesses (SMBs) has...

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Informed.IQ and Fuse Team on AI-Powered Fraud Prevention
Informed.IQ and Fuse Team on AI-Powered Fraud Prevention
June 04, 2024  |  Partnerships

Artificial intelligence verification software firm Informed.IQ teamed with loan origination system (LOS) Fuse. Via the partnership, the companies launched a solution that offers streamlined verifications...

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SBA to Launch Working Capital Pilot Program
SBA to Launch Working Capital Pilot Program
June 04, 2024  |  Loans

The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million....

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Goldman Sachs Alternatives Raises Largest Loan Partners Fund Since 2008
Goldman Sachs Alternatives Raises Largest Loan Partners Fund Since 2008
May 29, 2024  |  Investments

Goldman Sachs Alternatives raised more than $20 billion for senior direct lending. The total includes $13.1 billion in its West Street Loan Partners V fund,...

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Dimon Forecasts Problems in Private Credit Market
Dimon Forecasts Problems in Private Credit Market
May 29, 2024  |  Banking

JPMorgan Chase’s CEO is sounding a warning on the flourishing private credit sector. Jamie Dimon anticipates problems to pop up in the market, cautioning “there could be...

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