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

Mnuchin Pledges More Stimulus Talks For SMB Relief
Mnuchin Pledges More Stimulus Talks For SMB Relief
November 20, 2020  |  SMBs

After coming under fire for ending key pandemic lending programs, Treasury Secretary Steven Mnuchin on Friday (Nov. 20) pledged to work with top GOP lawmakers...

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Nav Rolls Out Updated Embedded Financing Tool
Nav Rolls Out Updated Embedded Financing Tool
November 17, 2020  |  B2B Payments

Nav, which works in financing for small- to medium-sized businesses (SMBs), has rolled out a new version of its embedded finance solution, according to a...

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Bank-FinTech Collaboration Tackles SMB Finance Friction
Bank-FinTech Collaboration Tackles SMB Finance Friction
November 17, 2020  |  B2B Payments

Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. This week’s look at the...

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How Alternative Lending Technology Stays Flexible For SMBs
How Alternative Lending Technology Stays Flexible For SMBs
November 16, 2020  |  B2B Payments

In the wake of the 2008 global financial crisis, and banks’ subsequent pullback from the small- to medium-sized business (SMB) lending arena, a slew of...

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Car-Sharing Platform Getaround Secures $25M Loan 
Car-Sharing Platform Getaround Secures $25M Loan 
November 13, 2020  |  Loans

Peer-to-peer car-sharing platform Getaround Inc. has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans...

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Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
November 13, 2020  |  Retail

Given that 90 percent of new car purchases and half of used car purchases are financed, it’s no surprise that the lifestyle changes and digital...

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Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
November 13, 2020  |  The Weekender

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives...

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HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
HSBC Taps Biz2X Platform To Accelerate SMB Credit Approvals
November 12, 2020  |  B2B Payments

To simplify banking for small- to medium-sized businesses (SMBs) in the United States, HSBC is rolling out a new service with Biz2Credit. The financial institution...

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Zest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit
Zest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit
November 10, 2020  |  Loans

The use of artificial intelligence (AI) and machine learning (ML) isn’t some futuristic idea. It’s here now and being used to make good banks better...

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