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

Funding Circle, Farm Bureau Bank Partner to Offer Credit to Underserved SMBs

Funding Circle, Farm Bureau Bank Partner to Offer Credit to Underserved SMBs
Funding Circle, Farm Bureau Bank Partner to Offer Credit to Underserved SMBs
August 11, 2022  |  SMBs

Online small and medium-sized business (SMB) lending platform Funding Circle and Farm Bureau Bank have announced a partnership that they say will help underserved owners...

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Rocket Mortgage, Q2 Holdings Partner to Offer FIs Digital Home Loan Process
Rocket Mortgage, Q2 Holdings Partner to Offer FIs Digital Home Loan Process
August 11, 2022  |  Loans

Banks and credit unions (CUs) want to advance their digital strategies and offer new conveniences to customers but may be wary of the cost of...

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Reserve Bank of India Strengthens Digital Lending Rules
Reserve Bank of India Strengthens Digital Lending Rules
August 10, 2022  |  Bank Regulation

India’s central bank has issued new guidelines designed to add oversight to digital lending apps and the lenders who work with them. Get the Full...

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iCreditWorks Adds Short-Term Installments to POS Services
iCreditWorks Adds Short-Term Installments to POS Services
August 09, 2022  |  Loans

Mobile lending startup iCreditWorks is launching an installment product to add to its suite of point-of-sale (POS) financing solutions that enable users to pay off purchases in...

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US Bank Helps Car Dealers Deliver Instant Funding
US Bank Helps Car Dealers Deliver Instant Funding
August 09, 2022  |  Loans

U.S. Bank can now provide loan funds to car dealers immediately after a loan contract is finalized by the bank, according to a Tuesday (Aug....

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Upstart Sees Share Highs Plummet on Missed Q2 Earnings
Upstart Sees Share Highs Plummet on Missed Q2 Earnings
August 09, 2022  |  Earnings

Artificial intelligence (AI) lending marketplace Upstart on Monday (Aug. 8) delivered lower than expected financial results for the second quarter of fiscal year 2022 that brought close...

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Goldman Sachs Group Lends $150M to Clara to Meet LatAm Firms’ Need for Loans
Goldman Sachs Group Lends $150M to Clara to Meet LatAm Firms’ Need for Loans
August 08, 2022  |  Loans

Helping to meet Latin American corporations’ need for loans and assistance with spend management, Goldman Sachs Group has lent $150 million to Clara, a Mexican...

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Trading Partners Prefer Faster Lending Decisions Delivered by In-House Credit Bureaus
Trading Partners Prefer Faster Lending Decisions Delivered by In-House Credit Bureaus
August 08, 2022  |  BNPL

While the buy now, pay later (BNPL) solution has exploded in recent years and continues to transform payments in the business-to-consumer (B2C) space, similar models...

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