Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

(source: en.wikipedia.org)

This Week in B2B: Lending Innovations, AI and Digital Payments 
This Week in B2B: Lending Innovations, AI and Digital Payments 
April 19, 2024  |  B2B Payments

The B2B landscape is on the cusp of the next era in payments innovation.  As PYMNTS readers already know, this new and exciting era is...

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Equifax Says 85% of Its New Models Built With AI
Equifax Says 85% of Its New Models Built With AI
April 18, 2024  |  artificial intelligence

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  In announcing the company’s quarterly earnings Thursday (April 18), management noted that...

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Lendica and EBizCharge Partner on Embedded Business Credit Solution
Lendica and EBizCharge Partner on Embedded Business Credit Solution
April 16, 2024  |  B2B Payments

Lendica and EBizCharge have partnered to launch an embedded business credit solution for small and medium-sized businesses (SMBs) in the United States. This collaboration brings...

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Upcoming Data Reporting Requirements Could Shape Small Business Lending’s Future
Upcoming Data Reporting Requirements Could Shape Small Business Lending’s Future
April 16, 2024  |  Loans

Main Street businesses represent the backbone of both the American economy and their local communities. And with the news on Tuesday (April 16) that Rapid...

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Satago and mmob Partner on Embedded Finance for Lenders, Corporates
Satago and mmob Partner on Embedded Finance for Lenders, Corporates
April 15, 2024  |  B2B Payments

Satago and mmob have partnered to make it easier for lenders and corporates to add embedded finance capabilities. This partnership will enable these businesses to...

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Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
April 15, 2024  |  Earnings

Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking...

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Citigroup Watches Spending; Sees Digital Engagement Rising
Citigroup Watches Spending; Sees Digital Engagement Rising
April 12, 2024  |  Earnings

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed...

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PSCU/Co-op Solutions Launches Digital Lending Suite
PSCU/Co-op Solutions Launches Digital Lending Suite
April 10, 2024  |  Credit Unions

PSCU/Co-op Solutions has teamed with Amount to launch a digital lending suite. The suite, dubbed Origination Solutions, is now in the pilot stage with two credit unions, the...

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Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
April 09, 2024  |  Acquisitions

Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast...

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