OppFi is focusing on flexible credit, tech upgrades and its banking ambitions amid persistent inflation and cooling consumer sentiment. The digital lending platform touted these new offerings Wednesday (Oct. 28) as it released third-quarter earnings results showing a 3.8% drop in revenue. The company’s quarterly...
Before a company’s loan request reaches a room full of bankers, a computer may have already sized it up. Artificial intelligence tools now score borrowers, sort through financial statements and write first drafts of loan approval memos. In many cases, nobody at the bank formally...
A commercial borrower’s finances keep changing after a loan is approved, as invoices are collected, inventory is purchased and payroll comes due. Continuous underwriting brings that activity into the purview of credit reviews. Payment receipts, account balances and operating records offer lenders information about repayment...
SoFi’s financial services business is gaining momentum even as interest rates move in a direction the company didn’t anticipate, according to the company’s third-quarter earnings call Tuesday (Oct. 27). The digital finance company added a record number of members and products in the third quarter,...
October 27, 2026
A commercial borrower’s finances keep changing after a loan is approved, as invoices are collected, inventory is purchased and payroll comes due. Continuous underwriting brings that activity into the purview of credit reviews. Payment receipts, account balances and operating records offer lenders information about repayment capacity between scheduled reviews, with implications for credit limits, financing […]
October 26, 2026
Subprime consumers continue paying their credit cards even as many struggle to cover everyday bills. PYMNTS Intelligence’s May report, “Who Is the Subprime Consumer? A Behavioral Profile,” found that 55%...
October 23, 2026
The credit score has a strange blind spot. It knows a lot about the borrower and almost nothing about what the borrower is about to buy. And as latest installment...
October 07, 2026
Consumer credit is still growing, but consumers eased off the form of borrowing they can adjust most readily from month to month. Federal Reserve data released Wednesday (Oct. 7) show...
October 28, 2026
OppFi is focusing on flexible credit, tech upgrades and its banking ambitions amid persistent inflation and cooling consumer sentiment. The digital lending platform touted these new offerings Wednesday (Oct. 28) as it released third-quarter earnings results showing a 3.8% drop in revenue. The company’s quarterly numbers also showed originations declining 7% to $229 million due […]
October 27, 2026
SoFi’s financial services business is gaining momentum even as interest rates move in a direction the company didn’t anticipate, according to the company’s third-quarter earnings call Tuesday (Oct. 27). The...
October 26, 2026
FinTech Revolut debuted its first credit product since becoming a licensed United Kingdom bank, according to a Monday (Oct. 26) press release provided to PYMNTS. The company’s unsecured personal loans...
October 22, 2026
Credit card delinquencies crept up in September, while net charge-offs declined, according to the latest edition of Seeking Alpha’s Credit Pulse, released Thursday (Oct. 22). This report tracks monthly delinquency and...
