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Why Digital Lenders Are Tightening Their Lending Criteria

PYMNTS

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc. The Coming Risk Assessment Reset.

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Watch 9 Fintech Startups Pitch at Techstars & Western Union Demo Day (Oct 2020)

Fintech Labs Insights

Description: Alternative credit scoring and lending in emerging markets. Target customers: Millennials. Description: Digital banking and spend management platform for global NGOs. Description: Digital wealth manager connecting Africans to U.S. HQ: Dallas, TX. You can watch the entire 41-minute program here.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Alt-lender targeting millennials . Tags: Consumers, youth market, lending, loans, credit, underwriting.

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. The Millennial Over-Transparency Award. Pedal to the Metal Award.

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