Higher living costs have created more demand from borrowers looking for small loans, leading a number of individuals in the United Kingdom to explore the options available through pawnbrokers. There’s also been a crackdown on high-interest lenders, which has left less options for customers, the...
Credit card lenders have been stepping up their marketing efforts to draw in new borrowers, showing confidence in U.S. consumers even as the economy could be tilting toward a recession. The volume of paper and digital mail solicitations increased for the second quarter in a...
Fisker, which makes electric vehicles, has debuted a new digital financing platform, a press release said Friday (July 8). Called Fisker Finance, it will offer seamless loan purchase options for customers. Fisker Finance will allow customers to apply for vehicle financing and get “competitive, personalized”...
British FinTech Finastra has debuted an embedded customer lending product, a solution the company says provides access to “traditional regulated lending options” for customers at point of sale (POS). “For end consumers, Finastra Embedded Consumer Lending aims to make the buying process as frictionless as...
Credit markets are tightening. The Federal Reserve has been busy boosting interest rates and, amid a macroeconomic environment that could be charitably described as uncertain, the buying and selling of consumer loans winds up being a fraught process. As institutional investors seek more ways to...
Data intelligence firm Curinos rolled out a new small business lending platform Wednesday (June 22), allowing direct access for various originations metrics. The platform, called LendersBenchmark, will offer weekly up-to-date originations data and metrics, delivering financial institutions the performance data and market insights to deal...
The U.K. No Interest Loans Scheme (Nils), backed by the treasury, will now be expanded to reach up to 20,000 people, a report says. Nils will reportedly offer emergency loans for those who’d be turned down otherwise because they can’t afford interest payments. Nils’ website...
Corporate banking clients are becoming increasingly demanding when it comes to getting advanced digital tools and support from their financial institutions (FIs), according to the June 2022 edition of PYMNTS’ Next-Gen Commercial Banking Tracker®. Whether it’s a small- to medium-sized business (SMB) or a large...
The freeze thaws, and then comes the deluge. For the paycheck-to-paycheck economy, the tide of debt obligations may be tough to navigate. The Federal Reserve said in a note last week that roughly 60% of borrowers holding student loan debt have not made any payments...