“If we were building a financial system from scratch today, we’d do it on a digital platform,” Bill Gates once said in an address on behalf of the Alliance for Financial Inclusion. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Online lending marketplace Prosper has struck a deal with more than 160 community banks to offer its services to the banks’ borrowers — and to widen the banks’ access to capital for the customers’ borrowing needs. Get the Full Story Complete the form to unlock...
At a time when more and more U.S. consumers have credit histories that are thin or damaged, banks are turning to alternate ways of deciding the creditworthiness of potential borrowers — including the scoring systems of alternative lenders, according to American Banker. Get the Full...
Citigroup is in the final stages of a deal to sell its OneMain consumer finance unit to subprime lender Springleaf for more than $4 billion, Reuters reported on Friday (Feb. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Santander Bank will relax its standards for approving new checking and savings accounts under a deal announced on Friday (Feb. 20) with New York’s attorney general. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. Postal Service should be doing a better job of serving e-commerce retailers and customers, according to the postal workers union — and the union is making that a bargaining issue in its first contract negotiations since 2010. Get the Full Story Complete the...
Mobile payments in sub-Saharan Africa will generate $1.5 billion in fees for mobile-money providers by 2019, according to a report by the Boston Consulting Group. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A partnership between Lending Club Corp. and a consortium of small U.S. banks is expected to be announced later this morning (February 9) in a joint effort to reverse a trend where banks have the market nearly cornered when it comes to making loans to...
Citibank has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers’ histories, The Wall Street Journal reported yesterday (Jan. 28). Get the Full Story Complete the form to...
