Grab, the ride-hailing company based in Southeast Asia, announced news on Tuesday (March 13) that it has teamed up with Credit Saison Co., one of Japan’s largest consumer financing companies, to provide loans and lending services to the unbanked. In a press release, the companies...
Ant Financial, the payment affiliate of China’s Alibaba, has seen its consumer lending business reach 600 billion yuan ($95 billion) even as the company faces a stricter environment for securitizing loans in its home country of China. According to news from Bloomberg, citing people familiar with...
To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement. LendingPoint Merchant Solutions combines LoanHero’s merchant onboarding, program management...
Americans like owning and driving cars — 88 percent of those who are legally able to drive are owners of cars, according to Pew, giving the U.S. the world’s second-highest automobile ownership rate (Italy leads the pack and edges us out with 89 percent ownership)....
Despite a return of volatility to the stock market, the premium that investors want on loans that are packaged and offered as bonds has hit its lowest level since the financial crisis of 2008 and 2009. According to a report in Financial Times, the collateralized...
The Federal Reserve revealed in its quarterly survey on Monday (Feb. 5) that loan officers in banks around the U.S. eased lending standards for businesses but tightened lending standards when it came to commercial real estate loans. According to news from Reuters, the loan officers that...
Goldman Sachs has taken another step to boost its presence in the consumer lending market by marketing home improvement loans to its customers. According to American Banker, the New York investment bank also recently raised the maximum loan size from $30,000 to $40,000. Last October,...
Ant Financial Services Group (which offers Alipay) said on Monday (Jan. 15) that it has garnered approval in China to issue consumer credit backed securities to institutional investors. Reuters reported that the company, which is the financial affiliate of Alibaba, is pricing the securities, and...
JPMorgan Chase announced Thursday (Jan. 11) that it inked a partnership with AutoFi, the FinTech auto lending company. In a press release, Chase said that AutoFi enables customers to choose and finance automobiles through their website, allowing them to complete the purchase process faster. According...
