The traditional credit supply chain is showing signs of strain, leaving millions of consumers seeking alternatives to conventional banking products and opening new avenues for technologically driven lenders. Mainstream banks and credit unions are re-examining their underwriting standards across consumer and commercial lending. As Clive...
The FICO score is arguably shorthand for creditworthiness — a triple-digit number that helps determine mortgages and all manner of debt that’s extended to applicants, and at what interest rate. The Fair Isaac Corporation’s FICO scores are the output of a broad range of data...
Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers, a capital lifeline to sustain operations. Traditional channels, chiefly through banks, have been tightening their lending activities, particularly to smaller...
As businesses evolve, so too do the ways in which they pay and get paid. After all, cash flow is the lifeblood of any business. Against that backdrop, there exists a broader trend in the FinTech industry where innovative solutions are transforming the traditional landscape...
June 12, 2025
The traditional credit supply chain is showing signs of strain, leaving millions of consumers seeking alternatives to conventional banking products and opening new avenues for technologically driven lenders. Mainstream banks and credit unions are re-examining their underwriting standards across consumer and commercial lending. As Clive Kinross, CEO of FinTech Propel Holdings, told PYMNTS CEO Karen […]
May 28, 2025
The FICO score is arguably shorthand for creditworthiness — a triple-digit number that helps determine mortgages and all manner of debt that’s extended to applicants, and at what interest rate....
May 30, 2024
As businesses evolve, so too do the ways in which they pay and get paid. After all, cash flow is the lifeblood of any business. Against that backdrop, there exists...
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...
July 18, 2025
The United Kingdom’s Financial Conduct Authority proposed new protections for buy now, pay later borrowers that would take effect when BNPL comes under the regulator’s remit on July 15, 2026. The proposals would require lenders to check that people can afford to repay BNPL loans, require them to offer the borrowers support if they get […]
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...
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)...
