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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

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China’s SMB Push Continues Amid Alibaba’s Taobao Festival

PYMNTS

Amid China’s efforts in recent months to boost small business activities – notably through initiatives that focused on small business lending in that country – Alibaba Group’s Taobao expanded its Maker Festival to be global in scope, with a spotlight on the youngest of entrepreneurs. The September event, which spanned Sept.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

According to the PYMNTS/Unifund Financial Invisibles Report , 81 percent of participants said their financial situations have either remained stable or improved since last year, and the number of consumers seriously delinquent on debt dropped 11 percent between Q4 2017 and Q2 2018. Resetting Mortgage Services.

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Is It Officially Time To Start Worrying About Consumer Credit?

PYMNTS

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. Capital One reported a write-off rate of 5.1 Card Weakness.

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What The Climbing Debt Defaults Really Mean For The Economy

PYMNTS

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. According to the New York Federal Reserve, household debt surged in the final quarter of 2017 to $13.15 A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Rising Consumer Debt.

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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. billion in 2017. That marked an increase from 2017’s $1.4 million buyers who operate in industries such as website development, logo design and blog writing.

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Banking Chatbot Val Introduced by Kasisto, Varo Money

PYMNTS

Val, which is considered “a digital money coach” is still in beta form, with plans to fully launch in early 2017. The bot will provide an integrated approach to deposits, savings and lending. Earlier this week, Capital One reported that consumers are optimistic about their financial journey.