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

Banks Brace For New Competitive Forces In Commercial Lending
Banks Brace For New Competitive Forces In Commercial Lending
January 28, 2021  |  B2B Payments

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in...

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Stilt Raises $100 Million To Fuel Immigrant Loans
Stilt Raises $100 Million To Fuel Immigrant Loans
January 27, 2021  |  Investments

Stilt, which works in financial services for immigrants, has raised a $100 million warehouse facility from Silicon Valley Bank, according to a press release. The...

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Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
January 27, 2021  |  IPO

LoanDepot will be seeking as much as $315 million in its initial public offering (IPO), according to a Securities and Exchange Commission (SEC) filing. The...

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Jack Henry To Offer Tech Platform For Consumer Loans
Jack Henry To Offer Tech Platform For Consumer Loans
January 27, 2021  |  Consumer Finance

Jack Henry & Associates, which offers a technology platform for financial institutions (FIs), is branching out with a new line of business, dubbed Jack Henry...

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PPP Round Two: SBA Approves $35 Billion In New Loans
PPP Round Two: SBA Approves $35 Billion In New Loans
January 26, 2021  |  Loans

The U.S. Small Business Administration (SBA) has approved 400,000 more pandemic relief loans worth $35 billion, saying it is trying to repair operational problems in...

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Instant Payments Emerge As Key Factor For Winning Customer Loyalty
Instant Payments Emerge As Key Factor For Winning Customer Loyalty
January 26, 2021  |  Disbursements

The last year brought about a perfect storm of economic and transactional challenges for microbusinesses and consumers. Establishing frictionless disbursement flows between vendors, consumers and...

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PPP Round Two: Familiarity Breeds Success For Banks And SMBs
PPP Round Two: Familiarity Breeds Success For Banks And SMBs
January 25, 2021  |  SMBs

After a long wait and months of debate, the Paycheck Protection Program (PPP) is setting forth on its second round. Congress has allotted $284.5 billion...

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First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats
First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats
January 25, 2021  |  Digital-First Banking

The banking industry is still grappling with the pandemic’s unprecedented effects, including a broad digital shift across numerous sectors. Digital banking apps in particular have...

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Reserve Bank Of India Wants To Crack Down On Big Shadow Lenders
Reserve Bank Of India Wants To Crack Down On Big Shadow Lenders
January 22, 2021  |  Regulation

India’s central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. The Reserve Bank of India, according to the...

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