loans

Paytm Lending Unit Paying Off with Record Gains

Paytm Lending Unit Paying Off with Record Gains
Paytm Lending Unit Paying Off with Record Gains
February 14, 2022  |  Earnings

Digital payments service Paytm has been taking a hit lately, with negative buzz about sliding share prices and widening losses as it closed out 2021....

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UK Banks Get the First Taste of What AI Regulation May Look Like 
UK Banks Get the First Taste of What AI Regulation May Look Like 
February 14, 2022  |  Artificial Intelligence

Banks in the U.K. have been warned by financial regulators not to use artificial intelligence systems to approve loan applications unless they can prove that...

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Regulator: China Commercial Banks’ Bad Loan Ratio Drops
Regulator: China Commercial Banks’ Bad Loan Ratio Drops
February 11, 2022  |  Cross-border Payments

The ratio of bad loans originated from China’s commercial banks fell 0.02 basis points to 1.73% at end of December compared to the percentage from...

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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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Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
February 10, 2022  |  Legal & Regulation

Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans...

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Vroom Announces $296M Loan Securitization
Vroom Announces $296M Loan Securitization
February 10, 2022  |  Loans

Online used car buying and selling platform Vroom has unveiled the pricing of its first auto loan securitization offering of $296 million, the company said...

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Nav, Enova Team on Instant SMB Financing
Nav, Enova Team on Instant SMB Financing
February 09, 2022  |  Partnerships

Nav Technologies, the financing platform allowing small businesses to compare financing, is expanding its relationship with Enova SMB, which will allow small businesses more access...

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DoorDash Announces Financing Service as Aggregators Compete for Restaurant Loyalty
DoorDash Announces Financing Service as Aggregators Compete for Restaurant Loyalty
February 09, 2022  |  Loans

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