INDUSTRY INSIGHTS YOUR PEERS ARE READING
Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. MORE
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. MORE
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 MORE
economy is showing further signs as lending to consumers in the country increased at the slowest pace in close to four years. Reuters , citing the Bank of England data, reported the growth rate for unsecured consumer lending increased 7.1 The pre-Brexit decline in the U.K. MORE
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 MORE
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. MORE
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. MORE
17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business grew. American Express posted earnings results on Thursday (Jan. MORE
Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. Laplanche is Renaud Laplanche, Lending Club’s colorful and highly quotable founder and first CEO, and he had that effect on a lot of people during the eight years between Lending Club’s IPO in 2014 and its beginnings. MORE
Tala, the consumer lending app in emerging markets, announced Monday (Oct. Alternative Finances alternative lending digital lending financial inclusion FinTech funding Investment News PayPal Startup underwriting Venture Capital What's Hot MORE
China Lending Corporation has announced the launch of its new supply chain financing services, which include a business factoring program. a recently-incorporated, majority-owned subsidiary of China Lending. In addition, China Lending has acquired 98.04 MORE
Australian alternative small business lender Prospa is hoping to start the new year off right, announcing that the company will adhere to the industry’s co-called Code of Lending Practice, a voluntary code for alternative lenders to promote fair terms and customer protections. MORE
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. MORE
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. MORE
19) announced a new policy tool aimed at boosting lending to small and private companies. The central bank noted that big commercial banks, joint stock banks and city commercial banks that show support for the economy and meet macro-prudential requirements can apply for the lending facility. MORE
India-based PayMate is expanding its offering beyond B2B payment services as it steps into the small business (SMB) lending market. The company also recently acquired online peer-to-peer (P2P) lending platform Z2P Technologies for an undisclosed sum. MORE
HSBC Bank Canada is collaborating with alternative lending firm Biz2Credit to streamline and digitize small business lending in the country. B2B Payments B2B banking canada Digital Loan News partnership Small business lending Small Business Loans SMB lending SMB loans What's Hot In B2 MORE
This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”. MORE
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. MORE
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. MORE
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. MORE
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 MORE
Could it be that the CFPB, under new Executive Director Kathy Kraninger , will be moving directly to eliminate the more controversial provisions of its payday lending rule? MORE
As part of a move to revise a payday loan regulation from the Obama era, the Trump administration on Wednesday (Feb. 6) revealed a plan to remove a provision that would make it harder for companies to provide customers with high-cost loans, according to a report in The Wall Street Journal. MORE
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. MORE
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 more than a tutorial in how not to apologize pre-sentencing, some say that Tucker’s conviction and long sentence may be the beginning of the end of tribal short-term lending in the United States. Tribal Lending . MORE
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. MORE
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. MORE
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. MORE
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). MORE
Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. MORE
SEPTEMBER 17, 2018
Indirect lending provides credit unions with the unique ability to offer a convenient method of financing to members, while also having the opportunity to grow their member base. MORE
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While FIs vowed to use those savings for a variety of measures, such as increasing small business lending, reports said lending growth has actually slowed since the implementation of the tax reform. Overall, the top banks saw lending grow by 2.3 MORE
Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. “Lending and earning crypto are hard businesses to get right, particularly in a bear market,” he said. MORE
Fintech lending is on the rise but under the microscope, too. Exclusive Innovations Lending Premium Risk Startups alternative lenders bank partnerships fintech partnerships fintech regulation regulatorsA report from the U.S. MORE
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. Prior to the recent activity on the part of the Chinese government , this type of lending was seen as one of the riskiest and least regulated areas of the financial markets. MORE
policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are calling on the government to overhaul business lending regulations as a result. MORE
Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. Bank, which revealed its online lending platform for small businesses to access a loan or line of credit. ” B2B Payments B2B business lending Digital Banking News online loans Small business lending Small Business Loans SMB lending SMB loans U.S. MORE
Merchant cash advances are not defined as loans under current law, reports explained, meaning MCA companies are not required to adhere to certain rules for the lending industry that are aimed to curb predatory practices, like excessive fees and interest rates. MORE
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 MORE
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. MORE
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 MORE
Lending Related Topics PYMNTS
JANUARY 22, 2019
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.
Bank Innovation
AUGUST 8, 2017
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
PYMNTS
JANUARY 29, 2019
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.
PYMNTS
NOVEMBER 1, 2018
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.
PYMNTS
NOVEMBER 28, 2018
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).
PYMNTS
NOVEMBER 20, 2018
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.
PYMNTS
NOVEMBER 26, 2018
According to Coface’s Asia-Pacific Economist Carlos Casanova, China should consider easing interest rate caps that discourage banks from lending to small businesses.
PYMNTS
OCTOBER 29, 2018
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.
PYMNTS
JANUARY 22, 2019
Could it be that the CFPB, under new Executive Director Kathy Kraninger , will be moving directly to eliminate the more controversial provisions of its payday lending rule?
PYMNTS
OCTOBER 8, 2018
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.
PYMNTS
JANUARY 30, 2019
Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering.
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. 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.
PYMNTS
NOVEMBER 20, 2018
HSBC Bank Canada is collaborating with alternative lending firm Biz2Credit to streamline and digitize small business lending in the country. B2B Payments B2B banking canada Digital Loan News partnership Small business lending Small Business Loans SMB lending SMB loans What's Hot In B2
PYMNTS
OCTOBER 22, 2018
Tala, the consumer lending app in emerging markets, announced Monday (Oct. Alternative Finances alternative lending digital lending financial inclusion FinTech funding Investment News PayPal Startup underwriting Venture Capital What's Hot
Bank Innovation
OCTOBER 18, 2018
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
PYMNTS
JANUARY 7, 2019
Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions.
PYMNTS
JANUARY 18, 2019
17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business grew. American Express posted earnings results on Thursday (Jan.
PYMNTS
DECEMBER 10, 2018
China Lending Corporation has announced the launch of its new supply chain financing services, which include a business factoring program. a recently-incorporated, majority-owned subsidiary of China Lending. In addition, China Lending has acquired 98.04
PYMNTS
FEBRUARY 6, 2019
As part of a move to revise a payday loan regulation from the Obama era, the Trump administration on Wednesday (Feb. 6) revealed a plan to remove a provision that would make it harder for companies to provide customers with high-cost loans, according to a report in The Wall Street Journal.
PYMNTS
FEBRUARY 7, 2019
While FIs vowed to use those savings for a variety of measures, such as increasing small business lending, reports said lending growth has actually slowed since the implementation of the tax reform. Overall, the top banks saw lending grow by 2.3
PYMNTS
OCTOBER 29, 2018
policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are calling on the government to overhaul business lending regulations as a result.
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. Prior to the recent activity on the part of the Chinese government , this type of lending was seen as one of the riskiest and least regulated areas of the financial markets.
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 more than a tutorial in how not to apologize pre-sentencing, some say that Tucker’s conviction and long sentence may be the beginning of the end of tribal short-term lending in the United States. Tribal Lending .
CU Direct
NOVEMBER 13, 2018
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
PYMNTS
AUGUST 2, 2018
This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”.
Bank Innovation
MARCH 13, 2018
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.
PYMNTS
SEPTEMBER 26, 2018
Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. Bank, which revealed its online lending platform for small businesses to access a loan or line of credit. ” B2B Payments B2B business lending Digital Banking News online loans Small business lending Small Business Loans SMB lending SMB loans U.S.
PYMNTS
JANUARY 4, 2019
economy is showing further signs as lending to consumers in the country increased at the slowest pace in close to four years. Reuters , citing the Bank of England data, reported the growth rate for unsecured consumer lending increased 7.1 The pre-Brexit decline in the U.K.
Bank Innovation
SEPTEMBER 27, 2016
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.
PYMNTS
OCTOBER 15, 2018
India-based PayMate is expanding its offering beyond B2B payment services as it steps into the small business (SMB) lending market. The company also recently acquired online peer-to-peer (P2P) lending platform Z2P Technologies for an undisclosed sum.
PYMNTS
DECEMBER 12, 2018
Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. “Lending and earning crypto are hard businesses to get right, particularly in a bear market,” he said.
PYMNTS
JANUARY 8, 2019
Australian alternative small business lender Prospa is hoping to start the new year off right, announcing that the company will adhere to the industry’s co-called Code of Lending Practice, a voluntary code for alternative lenders to promote fair terms and customer protections.
CU Direct
OCTOBER 18, 2018
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.
Bank Innovation
JULY 5, 2018
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
Bank Innovation
APRIL 13, 2018
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
PYMNTS
OCTOBER 30, 2018
B2B Payments Alipay Ant Financial B2B Banks china data digitization Invoices Loan Application loans Mobile Payments News SMB SMB finance SMB lending Supply Chain What's Hot
PYMNTS
DECEMBER 14, 2018
Merchant cash advances are not defined as loans under current law, reports explained, meaning MCA companies are not required to adhere to certain rules for the lending industry that are aimed to curb predatory practices, like excessive fees and interest rates.
CU Direct
SEPTEMBER 6, 2018
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.
CU Direct
SEPTEMBER 17, 2018
Indirect lending provides credit unions with the unique ability to offer a convenient method of financing to members, while also having the opportunity to grow their member base.
PYMNTS
DECEMBER 19, 2018
19) announced a new policy tool aimed at boosting lending to small and private companies. The central bank noted that big commercial banks, joint stock banks and city commercial banks that show support for the economy and meet macro-prudential requirements can apply for the lending facility.
Bank Innovation
JANUARY 7, 2019
Fintech lending is on the rise but under the microscope, too. Exclusive Innovations Lending Premium Risk Startups alternative lenders bank partnerships fintech partnerships fintech regulation regulatorsA report from the U.S.
PYMNTS
DECEMBER 10, 2016
Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. Laplanche is Renaud Laplanche, Lending Club’s colorful and highly quotable founder and first CEO, and he had that effect on a lot of people during the eight years between Lending Club’s IPO in 2014 and its beginnings.
Bank Innovation
MAY 6, 2016
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.
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