Embedded lending is a credit option that many merchants and financial institutions deliver to their customers to reduce friction and streamline purchasing. As consumers go through checkout — either in-store or online — they might be invited to cover the cost of the purchase with a new credit card. Or they...
A record-breaking number of new business applications were filed in the United States last year; 5.5 million, to be exact. While that’s a great sign for American entrepreneurship, the surge in new businesses may put traditional business lending solutions under a strain that they’re unprepared to manage. Businesses commonly need external financing both to invest...
Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses. And it may help them pay for at least some “everyday” essentials, too. The PYMNTS Intelligence and Visa report “The Embedded Lending Opportunity” found...
Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative lending (or alt-lending) gets funding, typically short-term in nature, to borrowers, with one particular ready-made...
May 14, 2024
We are in the midst of a working capital revolution — one that is increasingly driven by innovation and made more necessary by the macroeconomic backdrop, particularly for those middle-market firms generating annual revenues between $50 million and $1 billion. As more firms seek out and put external capital to work, they are finding that today’s working capital solutions are providing […]
March 21, 2024
Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative...
July 11, 2022
If you took the collateral out of decentralized lending, you’d have something not only potentially useful, but scalable into the real economy. So said the Bank for International Settlement (BIS)...
July 11, 2022
Whether it’s offering bill payments, airtime recharge, funds transfer or remittance services to customers, mobile money agents play a pivotal role in providing access to financial services for Africa’s unbanked...
July 31, 2022
Higher living costs have created more demand from borrowers looking for small loans, leading a number of individuals in the United Kingdom to explore the options available through pawnbrokers. There’s also been a crackdown on high-interest lenders, which has left less options for customers, the Financial Times reported Friday (July 29). Per the report, listed […]
June 19, 2022
The U.K. No Interest Loans Scheme (Nils), backed by the treasury, will now be expanded to reach up to 20,000 people, a report says. Nils will reportedly offer emergency loans...
June 01, 2022
An increase in delinquencies, combined with a slowing economy, could spell trouble for the future of buy now, pay later (BNPL) companies. That’s according to a report Wednesday (June 1)...
May 17, 2022
Buy now, pay later (BNPL) provider Splitit on Tuesday (May 17) unveiled an Installments-as-a-Service platform that relies on consumer credit on payment cards to streamline the checkout experience embedded in...
