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

To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data

To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data
To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data
August 02, 2023  |  SMBs

Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process...

READ MORE >
Proportion of US Banks Tightening Loan Terms Rises to 50.8%
Proportion of US Banks Tightening Loan Terms Rises to 50.8%
July 31, 2023  |  Loans

Banks are continuing to tighten their terms on commercial and industrial loans. Get the Full Story Complete the form to unlock this article and enjoy...

READ MORE >
Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit
Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit
July 31, 2023  |  Banking

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
SoFi Deposits Grow 26% Year Over Year to $12.7 Billion
SoFi Deposits Grow 26% Year Over Year to $12.7 Billion
July 31, 2023  |  Earnings

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Report: Figure Technologies Lays Off 90 Employees and Plans IPO
Report: Figure Technologies Lays Off 90 Employees and Plans IPO
July 28, 2023  |  IPO

Figure Technologies has reportedly laid off staff and is preparing for an initial public offering (IPO). Get the Full Story Complete the form to unlock this...

READ MORE >
Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain Small Business Lending Share?
Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain Small Business Lending Share?
July 26, 2023  |  Loans

As banks — especially larger players — grapple with a new capital reality, the opportunity may be there for smaller financial institutions (FIs) and FinTechs...

READ MORE >
Regional Banks Cut Back on Lending to Preserve Capital
Regional Banks Cut Back on Lending to Preserve Capital
July 24, 2023  |  Banking

Regional banks across the United States are reportedly deciding to cut back on lending in order to preserve capital and improve margins. Get the Full...

READ MORE >
Ant Group Senior VP Peng Yang to Lead International Business Group
Ant Group Senior VP Peng Yang to Lead International Business Group
July 21, 2023  |  Personnel

Ant Group has appointed its senior vice president, Peng Yang, as president of the company’s International Business Group (IBG). Get the Full Story Complete the...

READ MORE >
Fed Official: AI Can Promote Bias in Lending Decisions
Fed Official: AI Can Promote Bias in Lending Decisions
July 19, 2023  |  artificial intelligence

Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. Get the Full Story Complete the form to unlock this...

READ MORE >