SoFi has secured agreements that amount to a $3.2 billion expansion to its Loan Platform Business, which refers prequalified borrowers to loan origination partners and originates loans on behalf of third parties. One agreement includes a $2 billion extension of an earlier agreement for personal...
PNC Financial Services Group is leveraging technology and its other strengths as it helps clients manage the uncertainty caused by tariffs, executives said Tuesday (April 15) during the bank’s quarterly earnings call. With this uncertainty roiling the markets and raising concerns of a potential recession,...
Tether, Galaxy and Ledn have become leaders in a crypto lending market that has rebounded since its collapse two years ago. As of the end of the fourth quarter of 2024, the three firms accounted for 88.6% of the centralized finance (CeFi) lending market and...
For J.P. Morgan, caution abounds as the bank increased loan loss provisions, designed to cover possible loan losses amid economic turbulence. Management discussed on a conference call Friday (April 11) discussing first-quarter earnings that at the moment, credit performance is in line with expectations, but...
April 09, 2025
During the pandemic, the government extended a $1.2 trillion lifeline through the Paycheck Protection Program (PPP). Four years on, the sobering stats show that the Small Business Administration was victimized by fraudsters who made off with hundreds of billions of dollars of loans. They lied on applications, set up sham businesses and took advantage of […]
April 08, 2025
When the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars. As the Trump administration’s global tariffs send shock waves through stock markets and prompt...
April 03, 2025
For merchants, omnichannel innovation comes in several flavors. When it comes to eCommerce interactions, sellers face the drive to streamline and reduce friction during the onboarding processes — and to...
April 03, 2025
Covet that designer dress at Bergdorf Goodman, but can’t pay for it because you’ve maxed out your credit cards? Increasingly, there’s another way. A recent deep dive by PYMNTS Intelligence...
April 17, 2025
SoFi has secured agreements that amount to a $3.2 billion expansion to its Loan Platform Business, which refers prequalified borrowers to loan origination partners and originates loans on behalf of third parties. One agreement includes a $2 billion extension of an earlier agreement for personal loans with fund managed by affiliates of global investment manager […]
April 15, 2025
PNC Financial Services Group is leveraging technology and its other strengths as it helps clients manage the uncertainty caused by tariffs, executives said Tuesday (April 15) during the bank’s quarterly...
April 14, 2025
Tether, Galaxy and Ledn have become leaders in a crypto lending market that has rebounded since its collapse two years ago. As of the end of the fourth quarter of...
April 08, 2025
This week, America’s biggest banks are set to report their quarterly earnings. But as Reuters reported Tuesday (April 8), investors are less likely to be focused on profits than on the banks’...
