Folks responsible for lending probably tend to be cautious. You could say the same for the latest edition of PYMNTS’ Provider Ranking of Personal Loan Apps, as all eight contenders hold the same position they held last month. As with PYMNTS’ other Provider Rankings, this...
The student loan industry is a $1.7 trillion mess. Defaults loom, staved off only by presidential decree (again). Tuitions rise at multiples of the inflation rate. And of course, borrowers spend decades trying to pay it all back. That is, if they can get a...
Alchemy will debut software to help lending companies offer “much needed” financing products for millions of smaller businesses, a press release said The release noted that emerging markets like Latin America have been exploring credit information infrastructure, where lenders and financing companies can underwrite small...
Citi has launched sustainable trade and working capital loans in Europe, the Middle East and Africa (EMEA), Latin America (LATAM), and Asia Pacific (APAC) regions, the banking giant said in a news release Tuesday (April 5). Citi says the product will initially launch in 80...
LendingClub says it has helped over 4 million members since 2007, a press release said, hitting this mark just a year after becoming a bank holding company. The company defines members as “individuals who have obtained a personal loan, auto refinance loan, patient and education...
Lending to consumers in Britain swelled in February, the most in five years, the Bank of England (BoE) announced Tuesday (March 29). The rise was fueled by credit card borrowing as consumers charged 1.9 billion pounds ($2.5 billion) last month. Of that number, 1.5 billion...
Until recently, offering that credit product has been easier said than done, involving finding a bank sponsor to handle compliance, risk modeling, underwriting — the list goes on. For any FinTech or B2B company looking to make its mark and build a niche offering, the...
Payments FinTech Opy has branched out into the automotive sector, offering its OpyPay product at franchised auto dealerships around the country, according to a Tuesday (March 22) press release. “After nine years in other counties, 90 days ago we went live with our first [buy...
Versana, a loan platform founded by four of the world’s largest banks, announced its launch Wednesday (March 16), saying it wanted to bring “transparency, efficiency and velocity” to the $5 trillion syndicated loan market. Founded by J.P. Morgan, Bank of America, Citi and Credit Suisse...