Merchant lending has traditionally been built around the sales a platform can see. Multichannel commerce is widening that view. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Experian has added a new feature to its Experian Marketplace that is designed to help lenders complete more verification and affordability checks earlier in the underwriting process for loans and credit cards, the company said in a Wednesday (Sept. 16) press release. Get the Full...
Truist Financial, a top 10 commercial bank in the United States in terms of assets, disclosed Tuesday (Sept. 15) that it is selling $5.5 billion worth of auto loans and exiting the near-prime auto lending business. Get the Full Story Complete the form to unlock...
Apollo Global Management is reportedly shuttering some parts of its Eliant Trade Finance platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
When a company sells goods to a buyer overseas, it often has to wait 30, 60 or 90 days to get paid. In the meantime, it needs cash to keep running. Banks have historically been reluctant to lend against that wait, especially for smaller companies,...
Federal Reserve Gov. Michael Barr is urging lenders to look beyond conventional credit histories when evaluating consumers and entrepreneurs with criminal records, pointing to cash-flow underwriting, alternative financial data and artificial intelligence (AI) as tools that could identify borrowers whose current finances are stronger than...
Fast-growing middle-market companies aren’t always losing opportunities because lenders said no. Many are losing them because available credit can’t move quickly enough to become useful. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Credit quality has long decided who gets funded and who doesn’t. Information quality is now drawing that same line in corporate borrowing and working capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The next frontier in working capital management isn’t squeezing another day out of receivables or stretching another day of payables. It’s deciding whether those dollars should be financed the same way at all. Get the Full Story Complete the form to unlock this article and...