India’s recent crackdown on unsecured consumer loans has reportedly placed increased pressure on FinTech lenders. The Financial Times (FT) examined the state of companies such as Paytm in a report Sunday (Dec. 17), following the Reserve Bank of India (RBI) announcing last month that lenders had to...
Swiss crypto custody firm Taurus has launched a partnership with lending platform Teylor. The partnership, as reported Thursday (Dec. 14) by Coindesk, allows Teylor’s credit portfolio tokens to be admitted for secondary market trading on the Taurus TDX market. Taurus Co-founder Lamine Brahimi told the news outlet that the tokenization...
Private equity firm Bain Capital has reportedly sold a $448 stake in India’s Axis Bank. The company made the block trade Wednesday (Dec. 13), Reuters reported, citing a term sheet seen by the news outlet. Reuters notes that it wasn’t clear how much of a stake Bain had in Axis,...
The lending landscape is undergoing a system-level shift that promises to benefit both borrowers and lenders. FinTech innovations, and an evolving mindset within the industry, are combining to usher in a new era of underwriting methods that draw from alternative data sources and advanced analytics...
Paytm’s stock hit a two-year low Thursday (Dec. 7) after it changed its small-ticket loan policy and brokers downgraded its stock. The Indian FinTech had announced earlier in the week that it would make fewer small loans — those below 50,000 rupees, or $600 — in light...
The federal government has erased more than $127 billion in student loans since 2021. That debt forgiveness came from changes to existing programs, Bloomberg News reported Saturday (Nov. 11), freeing up some borrowers in spite of a Supreme Court ruling blocking President Joe Biden’s student...
LendingClub has crossed the $1 billion mark in personal loans sold through its Structured Loan Certificates Program (SLCLC Program) since the launch of that program in April. The company expects to double this volume to $2 billion over the next six months as it continues...
Meridian Leasing has added a new range of services to its offerings in the equipment financing industry. The new TrueFlex Finance line aims to provide complete flexibility to organizations of all sizes and industries, allowing customers to customize their equipment financing and acquisition strategies to suit their specific...
Figure Lending LLC and Figure Technologies announced Wednesday (Nov. 1) an expansion of their partnership business, which includes an increased offering under the Lending-as-a-Service (LaaS) platform. This expansion comes as Figure’s partnership business has experienced significant growth since the third quarter of 2022. One of the...
