PYMNTS

DECEMBER 28, 2018

percent since 2012. These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. According to the Federal Reserve , U.S. consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. That amounts to $13.2

Millennials 145

Millennials Lending System Data 145

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.

Lending 100

Lending Meeting National Community 100

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. For example, Trumid is an online trading platform providing corporate bond market professionals with direct access to liquidity. SMB lending .

America 101

America Lending Cards San Francisco 101

PYMNTS

NOVEMBER 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The Cleveland Federal Reserve Bank captured a lot of headlines with the release of its online lending study – particularly due to its use of the words “predatory” and “needs additional regulation.” Cleveland’s Dark Outlook.

Study 101

Study Lending Cleveland Online 101

Fintech Labs Insights

OCTOBER 22, 2015

Online SME lender OnDeck has announced a significant expansion of its product line for small businesses. ” 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.

Lending 12

Lending San Francisco New York City New York 12

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? percent since 2012. Today, U.S.

Cards 122

Cards Groups Report US 122

PYMNTS

APRIL 17, 2017

Such was the opinion of Slate in September of 2012 — and while today it may seem a bit overzealous, as Karen Webster pointed out at the time, it was clear that Square’s ambition was to move well beyond dongle and card acceptance for teeny tiny merchants. Once they get hooked on it, they won’t want to stop.”.

Apple 110

Apple Capital Cards Payments 110