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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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Navigating The Increasingly Murky Waters Of Trade Finance

PYMNTS

trillion gap in available trade finance, non-bank players have flooded the market to address the demand — and introduce efficiencies to an area of finance that has historically been bogged down by paper, manual processes and burdensome compliance requirements. That’s last-resort lending,” she said.

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Amazon Walmart Whole Paycheck Tracker: Beauty, Fashion And Food

PYMNTS

Walmart’s move on skincare could have been forecast simply by looking at skincare’s $123 billion in global revenue in 2018, or the $175-$200 billion it is forecast to generate annually by 2027. Likewise, Amazon doubling down in the world of fashion is very much in line with recent releases by the eCommerce giant over the last year.

Branding 109
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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Real-time Payments (RTP) and FedNow are expected to exceed 13B payments annually by 2027.