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Online lending fraud: A temporary glitch or a long-term issue for lenders?

Bobsguide

William Wagner, CMO/Vice President of Marketing, Cloud Lending Solutions. Online lenders have been disrupting the lending ecosystem by combining innovation with advanced financial technology to improve borrower experience, address underserved markets, and reduce operating costs. In 2014, the US.

Lending 68
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Why Micro-Lending Is Branching Out In 2018

PYMNTS

Financial technology seems to be leading the startup charge, representing 40 percent of the largest 10 deals of the year so far, collectively worth $100 million. What Branch does have, however, is some direct experience in the world of micro-lending. So why the boom?

Lending 100
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Why P2P Could Soon Play A Leading Role In Middle East FinTech

PYMNTS

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.

Fintech 144
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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. which is a huge draw to using BNPL as a non-cash payment method. Although this is certainly expensive for merchants, it has proven to be a worthy investment.

Fintech 474
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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

PYMNTS

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. To operate beyond Chongquing, Ant would be required to apply for new licenses.

Groups 141
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Google Play Store Nixes Payday Loan Apps

PYMNTS

CEO Mary Jackson of Online Lenders Alliance told the WSJ that payday loan practices were allowed, and that the ban hurts “legitimate operators,” as well as customers looking for “legal loans.” Among the lenders affected by the new restriction is CURO Financial Technology Corp. On Thursday (Oct.

Google 156
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Go-Jek To Grow Thailand Food Delivery Business

PYMNTS

The tie-up with the bank is said to let Go-Jek bring SCB’s products in payments, insurance and digital lending to its apps in the months to come. It was also noted that customers, merchants and drivers will have additional access to bank products such as small business lending as well as insurance.

Lending 100