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

UK Regulators Warn Banks to Safeguard Again Lending Discrimination if Using AI, ML

UK Regulators Warn Banks to Safeguard Again Lending Discrimination if Using AI, ML
UK Regulators Warn Banks to Safeguard Again Lending Discrimination if Using AI, ML
February 13, 2022  |  Legal & Regulation

Banks using artificial intelligence (AI) to approve loan applications have been warned by U.K. financial regulators that they can only deploy that technology if they...

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Small Businesses Need Credit, Lenders Need a Better Way to Assess That Risk
Small Businesses Need Credit, Lenders Need a Better Way to Assess That Risk
February 11, 2022  |  SMBs

Traditional credit scores — for decades, the prime metric to be granted or denied financing — is a bit of a relic, and in the...

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BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
February 10, 2022  |  Banking

Over 200 of Bank of America’s corporate and commercial clients around the U.S. — totaling 3 million employees — have adopted its Corporate Employee Banking...

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When Banks Say ‘No,’ Cash-Strapped Businesses Turn to Lending Marketplaces
When Banks Say ‘No,’ Cash-Strapped Businesses Turn to Lending Marketplaces
February 10, 2022  |  B2B Payments

As companies continue the never-ending work of making processes more efficient, today’s chief financial officers (CFOs) play a critical role in helping to determine where...

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Financial Inclusion Policies Move the Underserved Consumer Mainstream
Financial Inclusion Policies Move the Underserved Consumer Mainstream
February 10, 2022  |  Banking

Financial services providers have an opportunity to help the unbanked and underbanked, graduate them to fully banked and retain them as regular customers. Orlando Zayas,...

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New Financing Options Help Patients, Practices Manage Rising Healthcare Costs
New Financing Options Help Patients, Practices Manage Rising Healthcare Costs
February 09, 2022  |  Healthcare

Consumers across demographic groups are feeling the sting of high out-of-pocket medical costs, often delaying or foregoing necessary treatment because they can’t afford it. Get...

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Lending Platform Happy Money Valued at $1.1B
Lending Platform Happy Money Valued at $1.1B
February 08, 2022  |  Investments

Lending platform Happy Money has a new reason to be happy, after a recent funding round raised the company’s valuation to $1.1 billion. Get the...

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Factoring Grows Up as Truckers Pair Modern Financial Products With Faster Payments
Factoring Grows Up as Truckers Pair Modern Financial Products With Faster Payments
February 08, 2022  |  B2B Payments

When BasicBlock CEO and Co-Founder Taylor Monks has a question related to software the company develops for trucking companies, he drives to a truck stop....

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