Mastercard and LoanPro plan to launch a program that will enable lenders to deliver installment loans through virtual and physical cards. The Loan on Card program is set to launch in 2026, the companies said in a Tuesday (Dec. 16) press release. The program will...
The rise of so-called “alternative consumer lending” has made loans tougher to track. As The Wall Street Journal (WSJ) reported Tuesday (Dec. 9), private credit has exploded into this landscape, helping fund loans from FinTech firms to consumers. The report cites an analysis from KBW showing that such funding...
Private credit has moved into the financial mainstream, recently estimated at $2 trillion in outstanding loans and investments that support companies across a wide range of industries. The market’s reach extends well beyond nonbank lenders and according to some estimates will top $3.5 trillion by...
Retail rivals Walmart and Amazon are reportedly expanding their lending footprint in India. For Amazon, that means plans to offer loans to small business owners in the world’s most populous country, while the Walmart-owned Flipkart is exploring buy now, pay later (BNPL) products, Reuters reported...
Small and mid-size businesses (SMBs) have traditionally been defined by their uphill battle to access credit. Approval odds were uncertain, and lenders could make or break an enterprise’s ability to grow, leading small firms to routinely turn to personal cards to fill funding gaps. But...
Santander’s exposure to companies owned by First Brands Group founder Patrick James has reportedly grown to $300 million. The increase was caused by James defaulting on a loan he took out to buy a French car parts group, The Wall Street Journal (WSJ) reported Wednesday...
Working capital, pulsing through receivables, payables and inventory, has always been the bloodstream of enterprise health. For generations, CFOs managed that flow through experience and judgment, aided by rows of spreadsheets and late-night reconciliations. Now, artificial intelligence (AI) is rewiring the circulatory system itself, turning...
Credit reporting agency Experian introduced its “Credit + Cashflow Score” offering. The new model, the first of its kind, combines Experian’s credit, alternative and trended data, and consumer-permissioned banking information into a singular score, according to a Monday (Nov. 10) press release. Combining Experian’s data...
Affirm has gained off-balance sheet funding from New York Life that can support $1.75 billion in consumer loan volume per year. This support is enabled by an agreement in which New York Life will purchase Affirm’s installment loans on a forward-flow basis from now to...