PYMNTS
NOVEMBER 14, 2017
Online consumer lending – in a variety of forms – has grown explosively over the last decade. Its team of economists takes a rather dim view of the online lending space and the ways in which it recruits and handles its customers – and believes that additional regulation is needed to rein in some of the excesses their research uncovered.
PYMNTS
MARCH 24, 2020
In separate news from December, Xiaomi , the biggest smartphone company in India, is offering a credit platform meant to bring in millennials and young professionals in the country. The Mi Credit app is a marketplace for personalized lending, which provides credit of $70 to $1,400 to users.
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PYMNTS
DECEMBER 28, 2018
percent since 2012. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. Those older millennials between the ages of 30 and 40 have earning power, are well-educated and are settling into more stable careers.
PYMNTS
NOVEMBER 21, 2016
The dominating narrative in small business lending is the rise in alternative finance to fill the gaps left behind by traditional banks. Sageworks , which develops financial data management solutions for financial institutions, has just entered the SME lending arena with a new solution that provides banks with small business lending support.
PYMNTS
APRIL 4, 2019
After hitting a peak a little north of $12 trillion in 2008, household debt began contracting in 2008 and kept falling through 2012, according to the Federal Reserve Board ’s Financial Accounts of the United States. The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending.
CB Insights
DECEMBER 10, 2020
The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. SMB lending . Capital Float is an India-based startup providing business loans through a lending platform. Consumer lending. First name.
Fintech Labs Insights
OCTOBER 22, 2015
.” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014. And last month, the company teamed up with Intuit to launch a $100 million lending fund for small businesses.
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