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

FIS Launches Small Business Lending Solution for Banks
FIS Launches Small Business Lending Solution for Banks
July 16, 2024  |  SMBs

FIS launched a solution designed to help banks source, underwrite and fund loans to small- to medium-sized businesses (SMBs). Get the Full Story Complete the...

READ MORE >
Fig Financial Launches Personal Loan Service in Canada
Fig Financial Launches Personal Loan Service in Canada
July 09, 2024  |  Loans

Toronto-based lender Fig Financial says its personal loan service is now open to all Canadians. Get the Full Story Complete the form to unlock this...

READ MORE >
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
July 09, 2024  |  Regulation

Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. Get the Full Story Complete the form to unlock this...

READ MORE >
Embedded Lending Puts SMBs at Center of Financial Services Landscape
Embedded Lending Puts SMBs at Center of Financial Services Landscape
July 08, 2024  |  SMBs

The growing importance of seamless, customer-centric financial solutions has transformed today’s digital economy. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Microservices Are at the Core of Core Banking’s Appeal
Microservices Are at the Core of Core Banking’s Appeal
June 20, 2024  |  Banking

For traditional financial services players, core banking beckons as a way to enable other financial firms — banks and FinTechs included — to set up...

READ MORE >
Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due Diligence
Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due Diligence
June 20, 2024  |  Authentication

For banks, forging partnerships with nonbanks and FinTechs has been a key way to capitalize on growth opportunities in private credit. Get the Full Story...

READ MORE >
Kapitus Raises $45 Million to Expand Small Business Financing Options
Kapitus Raises $45 Million to Expand Small Business Financing Options
June 18, 2024  |  Investments

Kapitus has closed a $45 million investment-grade corporate note financing and will use the proceeds to expand its financing options for small businesses. Get the...

READ MORE >
Nonbank Lenders Pose Risks to Traditional Banks as Private Credit Surges
Nonbank Lenders Pose Risks to Traditional Banks as Private Credit Surges
June 18, 2024  |  Banking

Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers,...

READ MORE >
Lending Platform Momnt Promotes Chris Bracken to CEO
Lending Platform Momnt Promotes Chris Bracken to CEO
June 17, 2024  |  Personnel

Embedded lending platform Momnt has a new chief executive officer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >