PYMNTS

SEPTEMBER 18, 2018

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. The trigger for the look back has of course has been the Sept. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JANUARY 2, 2019

The P2P lending market in China has been rife with scams and controversy for some time now. Bloomberg, citing people with knowledge of the matter, noted that Chinese authorities are gearing up to shut down small and medium-sized P2P lending platforms across the country. The company expects to repay them over the course of five years.

Lending 153

Lending Marketing Regulation Groups 153

PYMNTS

JUNE 7, 2016

With an eye on what could be called a true greenfield opportunity, alternative lending platform Biz2Credit is launching its small business lending products in India. There, of course, remain some issues to be handled that are partly cultural, and Biz2Credit is aware of what gaps exist in reaching out to nascent businesses, said Arora.

Online 100

Online Lending Course Risk Management 100

PYMNTS

NOVEMBER 13, 2017

The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The researchers used data from TransUnion for the study, pinpointing 90,000 borrowers who took out online loans from 2007 to 2012.

Study 100

Study Cleveland Online Philadelphia 100

PYMNTS

NOVEMBER 4, 2019

That need for speed is also critical when it comes to loan disbursements , according to Paul Gu, co-founder and head of product for personal lending provider Upstart , as slow payouts can create frictions and frustrate customers. Disbursements in the Lending World. Instant Payments, Lending and New Technologies.

Lending 116

Lending Industry Payments Cards 116

PYMNTS

JANUARY 16, 2018

The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 But tribal lending has its defenders as well, who note that the funds it generates are essential to the tribes that offer it.

Lending 118

Lending Miami Regulation Kansas 118

PYMNTS

DECEMBER 10, 2019

Then, of course, comes reality. In an interview with Karen Webster, Mike Cagney, CEO and co-founder of Figure Technologies , said that the lending arena has seen markedly improved processes for borrowers and creditors. The lending process takes place over the company’s own blockchain, known as Provenance. trillion, $6.3

blockchain 135

blockchain Lending Technology Data 135

PYMNTS

OCTOBER 9, 2018

About a year ago, the CFPB, which now goes by the BCFP, dropped the final version of its payday lending regulations. Being compliant with these new regulations meant big changes to the payday lending process, including testing requirements to confirm a borrower’s ability to repay a loan on time while still meeting day-to-day expenses.

Lending 140

Lending Regulation Groups Report 140

PYMNTS

MAY 20, 2016

In the latest chapter of the Lending Club drama, on Thursday (May 19), it came to light that New York’s highest-ranking financial regulator has launched an official inquiry into the online alternative lender. The newest inquiry, according to WSJ , is not related to the events that led directly to the departure of CEO Renaud Laplanche.

Lending 100

Lending Regulation New York Course 100

Abrigo

MAY 14, 2021

You might also like this webinar on the findings of Abrigo's 2021 Business Lending Process Survey. Takeaway 1 Digital pushes in financial services are widely reported, but Abrigo's Business Lending Process Survey found many manual processes. See how automation made lending easier and faster for one financial institution.

Lending 195

Lending Survey System Data 195

PYMNTS

AUGUST 15, 2018

According to reports in the LA Times , CashCall is no longer offering an online loan application on its website, and a call to customer services indicated that CashCall officially stepped out of the personal loans to consumer businesses about a month ago. At least, they did. The California Court Loss. What It Means For California Lenders.

Lending 101

Lending California Marketing San Francisco 101

PYMNTS

JULY 10, 2018

The two biggest players in the FinTech startup have been Cellulant — a digital payments operation currently up and online in 11 African countries — and the online micro-lending startup Branch. What Branch does have, however, is some direct experience in the world of micro-lending. Cellulant raised $47.5

Lending 100

Lending ATM Online Course 100

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

System 195

System Lending Analysis Software 195

PYMNTS

OCTOBER 25, 2019

Now, the fast-growing operation is tapping into one of the growing trends in payments and commerce by offering online financing for its many partners. is a new program that has OYO partnering with Biz2Credit , a small business online lending platform. market share as this new decade looms. One way to play harder in the U.S.

Online 100

Online US Trends Operations 100

CFPB Monitor

OCTOBER 6, 2022

On September 29, 2002, the Consumer Financial Protection Bureau (“CFPB”) filed a complaint against online lender MoneyLion Technologies, Inc, and several dozen of its subsidiaries (collectively, “MoneyLion”), alleging violations of the Military Lending Act (“MLA).

Online 78

Online Regulation Policies Course 78

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Not all of the action in BNPL is in the top 5, of course. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

South State Correspondent

MAY 9, 2024

Office, of course, remains a considerable concern, given actual occupancy and usage. Multifamily, while the actual risk remains low, is increasing in risk by a factor of three due to the continued supply that is coming online this year in most markets. Actual defaults, while elevated, have been less than predicted.

Data 195

Data Trends North Dakota Capital 195

Bank Innovation

MARCH 16, 2016

Lenny is meant for mobile (of course) and launched today in California. Millennials hate credit — but a new service called Lenny is out to change that. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.

Millennials 150

Millennials Mobile Florida Lending 150

PYMNTS

JUNE 14, 2016

“Of course, it would be great being the Uber of Something,” Karen Webster recently wrote about the wave of fallacy-backed Uber-like firms. And that story is currently being acted out over in the online lending segment, as the recent high speed, multi-phase come apart over at Lending Club has markedly destabilized the entire segment.

Lending 100

Lending Conference Capital Report 100

PYMNTS

SEPTEMBER 15, 2020

Jobs, of course, pay the wages that underpin consumer spending. But digging a bit deeper in the numbers, even though overall sales were down, online sales of physical goods were up 15.8 Recent reports this week show that the government is imposing at least some constraints on consumer lending and, in particular, on P2P lending.

Retail 171

Retail Lending United States Course 171

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

AUGUST 4, 2016

The alternative lending space is crowded — oversaturated, some may say — and in the U.S. marketplace lender OnDeck, alternative lending is likely to be mainstream in Australia as soon as the end of the decade. Of course, small businesses getting paid late by their corporate buyers is an issue throughout the globe, including in the U.S.

Lending 100

Lending Regulation Data Payments 100

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Pandemic-Induced Transformations. For us, these are sizable, meaningful relationships.” Optimize Technology.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

JANUARY 21, 2021

In terms of customers going online to bank, BofA added that digital sales accounted for 45 percent of all consumer banking sales for the quarter. In the home lending segment, the company saw two-thirds of applications done digitally. million during the quarter. Active digital banking users likewise grew 3 percent to 39.3

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

APRIL 22, 2019

Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? Drilling down a bit further, about one third sought financing from online lenders in 2018, up from 24 percent in 2017.

Study 122

Study Lending Online Survey 122

CFPB Monitor

DECEMBER 10, 2015

This post is the third in a series we’re writing on the FTC’s workshop on online lead generation entitled Follow the Lead. In our first post , we explored how online lead generation works. If that’s so, then all marketing is deceptive, especially in the online world, because all marketing works that way. Theodore R.

Online 60

Online Comparison Lending Operations 60

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

Abrigo

SEPTEMBER 19, 2019

Top growth priorities for financial institutions, according to the same Cornerstone Advisors survey, include growing commercial loans, expanding their digital presence among online and mobile channels, and growing consumer deposits. And banks are privy to the fact that fintech can help in these areas. Book more loans with a faster turnaround.

Lending 150

Lending Fintech Survey Technology 150

PYMNTS

JULY 8, 2016

Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. Investor Confidence In Marketplace Lending. Next time, guys? SMB Working Capital.

Lending 101

Lending Samsung Online Capital 101

PYMNTS

OCTOBER 16, 2018

The number of peer-to-peer lenders in China is projected to decline greatly to around 50 from more than 1,500 during the course of the next year. The peer-to-peer lending industry in China , which is a $120 billion industry, has been facing a regulatory crackdown after years of light oversight.

Regulation 185

Regulation Lending Industry Course 185

PYMNTS

DECEMBER 19, 2018

Experian has announced the launch of Experian Boost, a free online platform that allows consumers to potentially boost their credit scores in an instant. Through the platform, consumers can allow Experian Boost to connect to their online bank accounts to access utility and telecommunications payments.

Data 165

Data Online Course Lending 165

PYMNTS

FEBRUARY 24, 2020

For LendingClub, an online lender, the bid to buy Radius Bank means that (assuming the regulatory hurdles are satisfied), within 12 to 15 months, the company will move into a branchless banking model that offers services and products beyond credit. Radius Bank is not in the lending market, but has $1.4 The LendingClub Deal.

Digital Banking 242

Digital Banking Course Online Management 242

PYMNTS

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. The detail, of course, will be freshened up by this week’s results, and we’ll get a look at the cumulative lending across Marcus, which at last count stood at $55 billion. Tuesday (Jan. 15) will mark releases from Bank of America and Goldman Sachs.

Mobile 131

Mobile US Lending America 131

PYMNTS

JANUARY 13, 2020

consumer and the sea changes tied to commerce, eCommerce, lending and credit. The detail, of course, will be freshened up by this week’s results, and we’ll get a look at the cumulative lending across Marcus, which at last count stood at $55 billion. Tuesday (Jan. 15) will mark releases from Bank of America and Goldman Sachs.

US 130

US Lending America Course 130

CB Insights

MARCH 28, 2019

Whether it’s point-of-sale loans or digital mortgages, fintech companies are building products that will upend credit and lending. . Here’s a sample of the credit and lending CEOs that are joining us at the Future of Fintech (June 11-13, NYC) : CEO/Founder, Affirm ($1.8B Get your ticket today and save $500 with code: lending.

Meeting 33

Meeting Lending Fintech Course 33

PYMNTS

DECEMBER 4, 2020

In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises. The banks signing on to the new offering include marquee names such as Goldman Sachs, Barclays and Citigroup.

Lending 224

Lending Meeting User Experience Innovation 224

PYMNTS

SEPTEMBER 8, 2020

That means chief financial officers and treasurers must constantly monitor how much money is in corporate accounts, know exactly what’s available, and where receivables and payables activity stands at any given time (which of course affects those accounts). For executives to have that holistic insight, explained Schwartz, visibility is key.

Management 268

Management Lending System Operations 268