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...
A distributor can know what inventory it needs to order next week before its financing system knows that the purchase exists. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
A merchant that once represented a stream of transaction fees can now represent a lending relationship, and second-quarter earnings results show payments platforms putting more money behind that proposition. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
LendingTree has launched a ChatGPT plug-in that enables consumers to explore current mortgage and refinance rates through a natural conversation with the artificial intelligence assistant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Financial connectivity platform Method has released a tool to provide lenders with ongoing post-origination monitoring. 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,...