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PrimeLending Taps AI To Digitize Loans, Speed Up Disbursements

PYMNTS

Both consumers and businesses are exhibiting shifting expectations for how the lending process should work, and many are expressing interest in alternative forms of lending, such as peer-to-peer (P2P) loans. Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

Lending 163
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Real-Time Payments Have Numerous Real-World Applications

PYMNTS

but not all financial players agree on how to achieve it, especially within that timeframe. And past studies have shown that many (85 percent) gig workers say they would do more work if they were compensated faster. workforce in Q4 2018, a number that’s expected to tip over to a majority share by 2027. transaction accounts.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

Additionally, they presented that since bots are often a prelude to fraud, how banks can detect bots early. TD Bank and the FBI had an interesting presentation that reviewed some case studies around payment fraud and highlighted the ease with which criminals can purchase their wares off Telegram.