Digital Lending news and trends

Beforepay Debuts AI-Powered B2B Lending Tool
B2B Payments // March 04, 2024

Australian FinTech Beforepay has launched a commercial version of its risk management and lending platform. Dubbed Carrington Labs, the new offering gives enterprise clients access to the technology and artificial intelligence (AI) tools powering Beforepay’s lending products, the company said in a Monday (March 4) press release. “Carrington Labs will...

Epic River Intros Credit Union Lending Platform for Healthcare Providers
Healthcare // March 04, 2024

Epic River has unveiled a specialized digital lending platform designed to bridge the gap between financial institutions and healthcare services. This solution aims to transform the way patient payments are managed, offering a new way to tackle the issue of unpaid medical bills within the...

LendAPI and PortX Team to Streamline Digital Lending
Partnerships // February 29, 2024

Digital lending company LendAPI has teamed with Integration-Platform-as-a-Service (IPaaS) provider PortX. “Our advanced platform, when combined with PortX’s integration prowess, will enable financial institutions to not only simplify their lending and account opening processes but also to adopt more sophisticated, data-driven decision-making strategies,” Timothy Li, CEO of LendAPI, said in a...

PSCU/Co-Op Solutions Combination Creates Innovation ‘Aggregator’ for Credit Unions
Credit Unions // February 21, 2024

Mergers are born of the principle that a combination of enterprises is greater than the sum of the respective parts. Chuck Fagan, president and CEO of PSCU/Co-op Solutions, told Karen Webster that PSCU’s combination with Co-op Solutions will create an end-to-end aggregator of digitally enhanced...

Interviews & Exclusives
Credit Unions Shift to Innovating in Age of Instant Gratification and Payments

July 05, 2023
Credit unions need to innovate — and quickly. Scott Young, managing VP of emerging services as PSCU, said credit unions (CUs) have the tools, and, importantly, the member and enterprise relationships in place to build relationships for the long term. No matter how impatient we might be in the post-pandemic age. The conversation came against […]

Lenders Use Automation, Data and Payments Tech to Shorten Approval, Payout Process

November 30, 2021
Lending has become increasingly streamlined, including automated approvals and disbursements, but the pandemic demonstrated weaknesses in digital lending. Demand for both consumer and small business loans has grown over the...

Digital Lending’s $1.4T Travel Payments Plan

January 29, 2019
The family trip to Disney World, the honeymoon to Hawaii, the 25-year anniversary spent in Paris — the big trips people take aren’t just vacations or chances to see something...

Mastercard And Unilever’s Micro-Lending Has Macro Results For Kenyan SMBs

May 07, 2018
Building, sustaining and growing a small business isn’t easy in the best of circumstances. Even in a developed economy, margins are narrow, and tough decisions must be made daily, if...

Quick Reads
PSCU/Co-op Solutions Launches Digital Lending Suite

April 10, 2024
PSCU/Co-op Solutions has teamed with Amount to launch a digital lending suite. The suite, dubbed Origination Solutions, is now in the pilot stage with two credit unions, the credit union service organization (CUSO) announced in a Wednesday (April 10) news release provided to PYMNTS. “Today’s consumers expect immediacy and a frictionless experience, especially around less complex and higher […]

Beforepay Debuts AI-Powered B2B Lending Tool

March 04, 2024
Australian FinTech Beforepay has launched a commercial version of its risk management and lending platform. Dubbed Carrington Labs, the new offering gives enterprise clients access to the technology and artificial intelligence (AI) tools powering...

Epic River Intros Credit Union Lending Platform for Healthcare Providers

March 04, 2024
Epic River has unveiled a specialized digital lending platform designed to bridge the gap between financial institutions and healthcare services. This solution aims to transform the way patient payments are...

LendAPI and PortX Team to Streamline Digital Lending

February 29, 2024
Digital lending company LendAPI has teamed with Integration-Platform-as-a-Service (IPaaS) provider PortX. “Our advanced platform, when combined with PortX’s integration prowess, will enable financial institutions to not only simplify their lending and account opening processes but...