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

BIS Sees Boons, Risks As Alt Credit Gains Traction

BIS Sees Boons, Risks As Alt Credit Gains Traction
BIS Sees Boons, Risks As Alt Credit Gains Traction
September 25, 2018  |  B2B Payments

Lending from FinTech firms — driven by tech, data and all sorts of innovations — has grown by leaps and bounds. However, as a recent...

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Bank Of America’s Corporate Banking Lead To Depart
Bank Of America’s Corporate Banking Lead To Depart
September 21, 2018  |  B2B Payments

A top corporate banking executive at Bank of America (BoA) is slated to depart the institution, according to The Wall Street Journal (WSJ) reports Thursday (Sept. 20)....

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Flipkart Launches Cashless Credit, Eyes Non-Banking License
Flipkart Launches Cashless Credit, Eyes Non-Banking License
September 20, 2018  |  Retail

Flipkart has launched a cashless credit program to give shoppers an instant credit line of up to Rs 60,000 ($833.97 USD). According to DealStreetAsia, depending...

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Square Eyes Banking Services Via Cash App
Square Eyes Banking Services Via Cash App
September 19, 2018  |  Mobile Applications

Square is in consideration of offering traditional banking services through its peer-to-peer (P2P) payment app. At Recode’s annual Code Commerce conference in New York on...

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A Decade On, Lending Transformed By Crisis And Innovation
A Decade On, Lending Transformed By Crisis And Innovation
September 18, 2018  |  Consumer Finance

Necessity is the mother of invention. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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BlueVine, Fundbox Grow AltFin Group ILPA
BlueVine, Fundbox Grow AltFin Group ILPA
September 18, 2018  |  B2B Payments

The Innovative Lending Platform Association (ILPA) has added three members, according to an announcement made on Monday (Sept. 17). Get the Full Story Complete the form...

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FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters
FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters
September 18, 2018  |  B2B Payments

From Abu Dhabi to Singapore, government efforts are underway to court FI/FinTech collaborations. In NY, salvos of lawsuits are being lobbed over FinTech banking charters....

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Funding Circle Fund Sees US Loan Defaults Rise
Funding Circle Fund Sees US Loan Defaults Rise
September 17, 2018  |  B2B Payments

In August, more corporate borrowers defaulted on their loans issued by Funding Circle‘s U.S. operations than they did previously in 2018. According to Peer2Peer (P2P) Finance...

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NY Sues Fed Over OCC’s FinTech Charter Decision
NY Sues Fed Over OCC’s FinTech Charter Decision
September 14, 2018  |  Banking

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the...

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