Rising delinquencies among subprime and near-prime borrowers reveal the strain of living paycheck to paycheck. In a spate of earnings reports these past few weeks, various lenders — banks and digital platforms among them — have spotlighted the fact that delinquencies and charge-offs are ramping...
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 to capital, a Wednesday (Feb. 9) press release said. The partnership will include Enova International’s small business funding brands, OnDeck...
Today in B2B payments, Plastiq pairs with Ramp to boost corporate card adoption, and Enova’s ODX merges with Fundation to form a new small business lender. Plus, DBS offers facial recognition capabilities for small business customers, TravelBank secures cybersecurity certification and Atom Bank plans fundraise...
Market consolidation is in full swing as organizations explore how to secure their futures in a volatile market. One of the biggest takeover discussions occurring today is that of TikTok by Microsoft (potentially), but consumer-centric technology companies aren’t the only ones in the midst of...
July 18, 2017
It used to be that small businesses needing loans could wait weeks or months for a decision from the provider, with pre-qualification steps taking up a huge chunk of the time – and after all that, there was no guarantee that the provider would find them creditworthy. Today, artificial intelligence can do a lot of […]
April 07, 2017
Slowly but surely, businesses are starting to realize the importance of offering more data-driven, analytics-driven techniques in order to render more real-time decisions for their customers. No longer is the...
July 26, 2016
In a panel discussion with a trio of Enova executives, PYMNTS’ Karen Webster delved into the opportunities and challenges of creating a platform that works well from both a customer...
June 14, 2016
No typical days, and no typical data. The role of the chief analytics officer is a relatively new one, and one that has been evolving alongside the companies that employ...
January 30, 2024
Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Compared to the same quarter a year earlier, the online lender’s charge-offs increased by 0.9 percentage point during the fourth quarter, Enova said in a Tuesday (Jan. 30) earnings release. During the three months ended Dec. 31, the firm’s […]
February 09, 2022
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 to capital, a Wednesday (Feb....
July 29, 2020
Enova International plans to acquire online small-business lender OnDeck for some $90 million in cash and stock. “This strategic transaction, which brings together two FinTech leaders, is a great opportunity for customers, employees...
October 25, 2019
The U.K.’s largest payday lender QuickQuid is expected to close its doors by the end of the year, The Financial Times (FT) reported on Thursday (Oct. 24). The U.S. owner...
