Affirm, Lending Tree CEOs tout gains among young borrowers

Bank Innovation

Lending platforms are evolving to the needs of younger customers’ financial habits, a pair of fintech executives told an audience at CB Insights’ Future of Fintech conference in New York Wednesday.

Is Lending Club Back?

Bank Innovation

Better originations, better sales, more revenue: wow, did Lending Club just report a positive quarter? Corporate Exclusive Lending Online Startups earnings Lending Club marketplace lending OnDeck online lending

PayPal Hits $10B SMB Lending Milestone

PYMNTS

So, it’s within that context that PayPal announced new numbers today (May 29) on the impact of its lending business on the small business sector. In a new PYMNTS interview, Karen Webster spoke with PayPal’s VP and General Manager of SMB Lending Darrell Esch about the story behind that $10 billion mark, and what’s coming next. The new PayPal SMB lending milestone comes at an exciting, and perhaps even sensitive, time for small businesses, both in the U.S.

How PSD2 Will Change Lending

PYMNTS

How PSD2 is Changing Lending in the U.K. For third-party providers, such as P2P lending and investment provider Zopa , PSD2’s data transparency rules provide an opportunity to “level the playing field” when it comes to gaining that consumer trust.

3 Alternative Lending Startups to Watch

Bank Innovation

Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress.

SBA Promotes Credit Union SMB Lending

PYMNTS

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Last year, data from Biz2Credit found that lending to small businesses by credit unions had “stagnated.”

Kabbage Raises $700M For SMB Lending

PYMNTS

Kabbage, the global financial services company for small businesses, announced Monday (April 8) it has closed the largest asset-backed securitization (ABS) by a small business online lending platform to date for $700 million.

Has Alternative Lending Seen Its VC Peak?

PYMNTS

The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry.

Why SBA Lending May Offer Growth Prospects for Credit Unions

Abrigio

And few credit unions are involved in lending programs backed by the U.S. This is the case, despite the fact that SBA lending has gained momentum among small businesses in the past five years. More room for business lending. SBA, NCUA promote lending. Credit Risk Lending

How Basel III Affected SMB Lending

PYMNTS

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space.

The Hidden Risk in Commercial Lending

Banker to Banker

For commercial banks, it is the unexpected loss that is more important for lending decisions and long-term profitability. MANAGING CREDIT RISK Most risk managers are intimately familiar with the expected loss for credit and interest rate risk.

PayPal Marks £1B Milestone In UK Alternative Lending

PYMNTS

As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues. The firm also noted that its growth in small business lending came against a backdrop where traditional bank lending to smaller companies was flat in that same period.

The Evolution of Lending Through Fintech

Bank Innovation

The lending market is going through some major, rapid changes, and it’s more exciting than ever for consumers looking for attractive deals on their loans. Lending Open Fintech Sponsored alternative lenders Brainwave Technologies online lenders

SMB Payments, Lending Startup KiWi Grabs Funding

PYMNTS

Investors have backed Switzerland-based FinTech startup KiWi to help the firm expand its small business payments and lending operations in Mexico, reports in BankingTech said Monday (Jan.

Starling Debuts New Business Lending Strategy

PYMNTS

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy.

FTC Calls For Tighter Small Biz Lending Scrutiny

PYMNTS

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). The U.S.

Why Do So Many Financial Institutions Avoid SBA Lending?

Abrigio

SBA Lending Can Be a Hidden Gem for Some Institutions. With proper planning and the utilization of technology, SBA lending can boost customer acquisitions and deposits. Many argue that SBA lending is complicated, and while that’s true, it’s actually a good thing. Lending

Grab Financial Gets In SME Lending, Insurance

PYMNTS

Grab Financial Group , the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap.

WeLab Eyes Services In China Beyond Lending

PYMNTS

So it is with the Chinese alternative lending space, with various nomenclature in place, seemingly interchangeable, embracing P2P loans or internet lending – in short, funds flowing outside the confines of the bank branch and the teller window.

FinTech Pressures FI Giants To Strengthen SMB Lending In Mexico

PYMNTS

Bank credit most often goes to larger corporations or to consumers for home lending. The current market climate has opened doors for supplier financing companies, according to Banxico, Mexico’s central bank, and for alternative lending platforms to rush into the market.

Alternative Lending Is in Trouble? No One Told Elevate

Bank Innovation

It’s been a brutal year for the alternative lending industry. Scandals, staff cuts, rate hikes, and recently a Lending Club investment posted its first negative return in five years this August.

SunTrust CIO Talks Zelle, Lending, and Innovation

Bank Innovation

In practice, that means focusing more on the bank’s mobile offerings, growing LightStream (the bank’s online lending platform), and building out its tech.Read More.

SoLo Adds Mastercard Integration To P2P Lending Platform

PYMNTS

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. Loans debit financial services Integration MasterCard News P2P peer-to-peer lending Small Loans SOLO FUNDS What's Hot

Where B2B Payments, Banking And Lending Connect

PYMNTS

Since the 2008 financial crisis, B2B vendors have essentially morphed into financiers for their own customers, lending out goods and services as they wait months to be paid. B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB).

Sub-Prime Lending’s Late-Year Bounce

PYMNTS

In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9 According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit.

SMB Lending Crunch Hits China

PYMNTS

According to Coface’s Asia-Pacific Economist Carlos Casanova, China should consider easing interest rate caps that discourage banks from lending to small businesses.

Digital Lending’s $1.4T Travel Payments Plan

PYMNTS

trillion leisure travel market is ripe for the same kind of digital lending options that have emerged in other parts of the retail ecosystem. The platform allows travel operators to offer digital lending options as a seamless part of making the travel reservation.

Goldman Tightens Marcus Lending Reins

PYMNTS

Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. According to the sources, the change in 2019 plans is due to current market conditions for consumer lending and could change.

Capital One, Discover Tightening Lending Standards

PYMNTS

Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming.

Credit Union Embraces Digital Lending System, Grows Indirect Lending to Become Wisconsin’s #2 Auto Lender

CU Direct

University of Wisconsin Credit Union (UW Credit Union) has come a long way with its indirect auto lending since first implementing CU Direct’s CUDL Platform – in more ways than one. Auto Lending Indirect Lending Lending Auto lending CUDL Platform digital lending system indirect lending

Kabbage Set to Acquire Lending Data Startup Orchard Platform Markets

Bank Innovation

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Capital Exclusive Lending Startups acquisitions capital Kabbage lending marketplace lending Orchard Platform Markets startups

Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities?

Will home equity lending ever recover?

BankThink

Home equity loans HELOCs Consumer lending Marketplace lending Citizens Financial Webster BankIt’s the one consumer loan category where balances continue to fall, and disruption from nimbler fintechs is a big reason why.

Laurel Road Scores Country Bank for Digital Lending

Bank Innovation

have recently added digital mortgage lending, and that same […]. Commerce Corporate Exclusive Lending Online Premium Retail Sales & Marketing Country Bank Lauren Road lending online banking SME lending underwriting technology

SEC Probe Prompts Direct Lending CEO To Step Down

PYMNTS

Direct Lending Investments ’ founder and CEO Brendan Ross has resigned while his company is the focus of an investigation by the Securities and Exchange Commission (SEC). As a result, Direct Lending suspended withdrawals at that time.

Yet Another Association for Marketplace Lending Launches

Bank Innovation

That’s what the industry needs: competing marketplace lending associations. Today, the three big names in marketplace lending (for now — more on that below) that were not in the just-launched Marketplace Lending Association have formed the Innovative Lending Platform Association.

ZestFinance Launches AI-powered Tool to Reduce Bias in Lending Models

Bank Innovation

Alternative underwriting software provider ZestFinance today launched an AI-based tool it claims will dramatically reduce bias in lending.

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The state of mortgage lending in 2019

ForwardBanker

The post The state of mortgage lending in 2019 appeared first on Deluxe FS. Marketing Insights industry lending mortgage mortgage lending outlook stratmor

The Changing Face Of Short-Term Lending

PYMNTS

About a year ago, the CFPB, which now goes by the BCFP, dropped the final version of its payday lending regulations. Within two months, Mulvaney announced (in January of 2018) that the CFPB wanted to revisit the payday lending regulations with an eye toward their revision.

Amazon Uses Its Machine Learning Tools for Lending

Bank Innovation

Turns out, Amazon’s lesser known operation – small business lending – is also powered by machine learning, Bank Innovation has learned. […]. Exclusive Operations Technology amazon Amazon lending machine learning

Tools 258

One Credit Union’s Approach to Excellence in Auto Lending

CU Direct

Auto lending is the backbone of credit unions’ loan portfolios. Credit unions continue to not only compete in the auto lending arena, but to outperform much of the marketplace, improving their market presence, and capturing more loans.

PayPal (Maybe) Pulls Ahead Of The SMB Lending Pack

PYMNTS

Not only do the figures suggest ramped-up competition between alternative and traditional lenders, but also competition within the alternative and marketplace lending community itself.

Lending 360 Upgrades Southwest Airlines FCU’s Lending Experience to First Class

CU Direct

The $555 million Southwest Airlines FCU kept this in mind as it prepared to launch the Lending 360 loan origination system (LOS) two years ago. To minimize that fear, the Dallas-based credit union had its lending staff.