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

Alternatives Federal Credit Union On How Credit Solutions Provide Financial Lifelines
Alternatives Federal Credit Union On How Credit Solutions Provide Financial Lifelines
September 28, 2020  |  Credit Unions

More consumers are looking to access loans during the pandemic, but some lack the credit histories needed to obtain them. Credit unions can step up,...

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FinTechs See SMB Factoring As Ripe For Disruption
FinTechs See SMB Factoring As Ripe For Disruption
September 25, 2020  |  Alternative Finances

The pandemic has shone a spotlight on the urgent capital needs of small- to medium-sized businesses (SMBs) as they struggle with cash flow. In an...

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Report: Credit Unions Look Past FICO Scores To Unlock Member Credit
Report: Credit Unions Look Past FICO Scores To Unlock Member Credit
September 25, 2020  |  Credit Unions

Credit product innovation was on many credit unions’ (CUs’) agendas in the months before the pandemic struck. Some 47% of CU executives were expecting credit...

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FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP
FIS, The Clearing House Partner To Connect Small, Mid-Sized Banks, CUs To RTP
September 23, 2020  |  Faster Payments

FIS has partnered with The Clearing House (TCH), the operator of the nation’s payments system infrastructure to provide instant settlements to small to mid-sized banks and credit unions...

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BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options
BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options
September 23, 2020  |  Buy Now Pay Later

The FinTech Sezzle has struck up a partnership with Ally Lending, a digital financial services company. This will allow the Minneapolis-based Sezzle to offer more...

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Powell: US SMBs Need ‘Direct Fiscal Support’ Not Loans
Powell: US SMBs Need ‘Direct Fiscal Support’ Not Loans
September 21, 2020  |  SMBs

Federal Reserve chairman Jerome Powell is set to tell lawmakers that U.S. small businesses may need “direct fiscal support,” rather than more loans, the Financial...

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Asset-Based Finance Finds Growth With Balance Sheet Strength
Asset-Based Finance Finds Growth With Balance Sheet Strength
September 21, 2020  |  B2B Payments

Decades ago, asset-based finance developed a nasty reputation. As a financing tool that requires business owners to place valuable assets — whether working capital or...

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US Banks Keep Expectations Low Amid Tepid Interest Rates
US Banks Keep Expectations Low Amid Tepid Interest Rates
September 20, 2020  |  Banking

U.S. banks aren’t fooling themselves — they’re likely in for a long stretch of low interest rates putting a burden on their profits, the Financial...

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Today In Digital-First Banking: ClearBank Unveils Multicurrency Accounts; LoanDepot Eyes IPO
Today In Digital-First Banking: ClearBank Unveils Multicurrency Accounts; LoanDepot Eyes IPO
September 18, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, ClearBank has begun offering multicurrency bank accounts through an application programming interface (API), and LoanDepot is considering going...

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