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Plaid Launches New Tool To Streamline Income Verification

Plaid Launches New Tool To Streamline Income Verification
Plaid Launches New Tool To Streamline Income Verification
March 04, 2021  |  Digital Banking

FinTech startup Plaid is introducing Plaid Income, a product intended to streamline the income verification process, making it easier for consumers to get loans, rent...

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Report: Ant Seeks To Shore Up Consumer Finance Unit’s Funding
Report: Ant Seeks To Shore Up Consumer Finance Unit’s Funding
February 26, 2021  |  International

As it gets ready to fold in its micro-lending operations, Ant Group is in discussions with other backers in its new consumer finance unit to...

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FinTechs Find Lending’s ‘Atomic Data Points’ In Emerging Markets
FinTechs Find Lending’s ‘Atomic Data Points’ In Emerging Markets
February 26, 2021  |  Loans

In emerging markets, individuals and businesses have pivoted into the digital age because, simply put, they’ve had to. Get the Full Story Complete the form...

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New PPP Round Finally Gets Around To Gig Workers And More SMBs 
New PPP Round Finally Gets Around To Gig Workers And More SMBs 
February 25, 2021  |  Loans

Another round of Paycheck Protection Program (PPP) funds is readying to hit the bank accounts of small business owners, this time slightly modified from the...

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FDIC: Bank Profits Dropped 36.5 Pct In 2020
FDIC: Bank Profits Dropped 36.5 Pct In 2020
February 23, 2021  |  Banking

U.S. bank profits fell 36.5 percent in 2020 compared to the previous year due to the large volume of money set aside to cover potential...

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OnDeck Teams With HomeAdvisor On SMB Financing
OnDeck Teams With HomeAdvisor On SMB Financing
February 22, 2021  |  B2B Payments

OnDeck, an Enova International brand, has collaborated with HomeAdvisor to help businesses and tradespeople on the HomeAdvisor platform to access financing, according to a Monday...

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SMBs Seeking PPP Loans Frustrated By Typos, Glitches
SMBs Seeking PPP Loans Frustrated By Typos, Glitches
February 22, 2021  |  B2B Payments

The U.S. Paycheck Protection Program (PPP), renewed this year after Congress finally enacted a stimulus package, has been hobbled by a range of problems, The...

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China Tightens Rules For Banks On Internet Lending
China Tightens Rules For Banks On Internet Lending
February 21, 2021  |  Regulation

China’s bank regulator is tightening restrictions on internet loans made by commercial banks and looking more into online lenders in general, Reuters reported. Get the...

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Today In Payments Around The World: KreditBee Lands $75 Million In Series C Round; Lakestar’s Hommels Launches SPAC
Today In Payments Around The World: KreditBee Lands $75 Million In Series C Round; Lakestar’s...
February 18, 2021  |  International

In today’s top payments news around the world, India-based KreditBee has raised $75 million in a Series C round, while Lakestar Founder Klaus Hommels has...

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