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It’s Time to Stop Ignoring the Millennial HomeBuyer, Better Mortgage Growth Suggests

Bank Innovation

EXCLUSIVE— Digital mortgage company Better Mortgage has displayed rapid growth over the last year, originating $157 million in mortgages during 2017: a 1500% increase from the $10 million it originated in 2016.

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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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Helping Millennials Live Financially Ever After

PYMNTS

When Honeyfi got off the ground in 2017, it had a pretty simple idea. That means some of the couples on the platform — no matter how long down the path a partnership is — will also want to have some private separate accounts like credit cards or lending products.

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Use Of AltFin Climbs For Small Business Borrowers

PYMNTS

have already used an online alternative lending platform. Its 2017 U.S. Small Business Payments and Banking Survey also found millennial small business owners are twice as likely than their older peers to have used an alternative funding solution (48 percent compared to 25 percent for business owners 35 and older).

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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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Today In Payments: Chinese Tech Investments In US Plummet; Ransomware Attacks Up 41 Pct In 2019

PYMNTS

In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. China’s Central Bank To Start Re-Lending Funding To Fight Virus. What Amazon At 10 Can Teach Us About Uber At 10.

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