PYMNTS

NOVEMBER 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The Cleveland Federal Reserve Bank captured a lot of headlines with the release of its online lending study – particularly due to its use of the words “predatory” and “needs additional regulation.” Cleveland’s Dark Outlook.

Study 101

Study Lending Cleveland Online 101

PYMNTS

JANUARY 3, 2020

In today’s top payments news, Apple’s share price hit a record high above $300 on Thursday, “buy now, pay later” company Sezzle was denied a lending license from California and a European Central Bank policymaker urged area banks to seek alternatives to Libra. CA Denies Lending License For BNPL Firm Sezzle.

CA 130

CA Lending South Dakota Apple 130

PYMNTS

APRIL 8, 2020

As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. Small businesses, meanwhile, can use the platform to apply online as fewer physical bank branches are available. Funding Circle. Wolters Kluwer.

Lending 245

Lending Fintech America Technology 245

PYMNTS

JULY 24, 2020

The central bank of Kenya is putting forward new legislation to govern interest rates charged for digital lenders’ loans. Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported.

Lending 157

Lending National Mobile Online 157

PYMNTS

JANUARY 11, 2021

Ant Group , Tencent and JD.com are facing a crackdown by Beijing over concerns of over-lending to consumers through their platforms, a major cash cow for the Chinese tech giants. Both Tencent and Ant declined to comment to Reuters on the story, while JD.com and the PBOC “did not immediately respond to requests for comment.”.

Lending 132

Lending Regulation Data Groups 132

PYMNTS

MAY 29, 2019

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.

Lending 221

Lending Capital Operations Community 221

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. But there is evidence that investors’ appetite for alternative lending startups is on the wane, even as overall FinTech funding continues to climb — and as the success of the alternative lending market grows, too.

Lending 190

Lending Capital Fintech Security 190

PYMNTS

MAY 5, 2020

Digital lending marketplace BitX Funding , which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. ” The firm said Fulfill by Amazon (FBA) sellers have a “tremendous opportunity” to expand with the online economy.

Lending 159

Lending Online Tools Capital 159

PYMNTS

DECEMBER 13, 2017

First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. The digital lending portal — which can be accessed via desktop or mobile device — supports eSignatures, and approved borrowers can receive loan funds in just three days.

National 108

National Lending Online Mobile 108

Bank Innovation

OCTOBER 28, 2019

LAS VEGAS — Bank of Oklahoma has adopted Blend’s digital lending platform, the fintech announced at the 2019 Auto Finance Summit. Blend’s platform is designed to simplify user experience for the consumer to drive increases in completed online applications and funding rates.

Las Vegas 170

Las Vegas Lending Oklahoma Fintech 170

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. reportedly offering the highest savings account interest rate in the country to lure new customers its way. Then in August, the company launched Marcus in the U.K.,

Lending 151

Lending Online Report Marketing 151

PYMNTS

OCTOBER 16, 2018

OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.

Lending 108

Lending Online Conference Software 108

BankInovation

DECEMBER 10, 2021

Now is an especially exciting time for financial services, Vince Passione, CEO of lending platform and online marketplace LendKey, tells Bank Automation News in this episode of "The Buzz” podcast. It's not […].

Lending 98

Lending Technology Online Retail 98

PYMNTS

JANUARY 28, 2021

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in which banks hold the upper hand, commercial lending included. FinTechs, on the other hand, built on a digital-first foundation, found their footing amid the PPP deluge. "In

Lending 164

Lending Fintech Operations Software 164

PYMNTS

AUGUST 15, 2019

Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . Monzo is “more nuanced than we were probably two or three years ago,” CEO Tom Blomfield told the news outlet.

Lending 161

Lending Los Angeles Digital Banking San Francisco 161

PYMNTS

MAY 2, 2017

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Drilling down a bit into the Puerto Rico market in particular, Arora noted some differences between small business lending versus, say, the United States.

Puerto Rico 118

Puerto Rico Lending Online United States 118

PYMNTS

APRIL 15, 2019

Online lenders in the U.S. Reuters , citing interviews with half a dozen online lenders, reported the companies are worried that a recession could hit the U.S. It would be a test for many of the online lenders that haven’t lived through an economic downturn. Its also not a guarantee that the economy will enter a recession.

Online 165

Online Lending Capital Report 165

PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. The Weekender is here to catch you up.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

AUGUST 23, 2019

The PYMNTS Weekender has you covered with any news you might have missed over the past week. Target credited its recent upgrade of buy online, pick up in store and its Shipt same-day grocery delivery business as among its leading drivers of growth, adding 1.5 Partly Shuttered, Chase Pay Didn’t Pay for Chase In-Store.

Lending 109

Lending North Carolina Fraud United States 109

PYMNTS

FEBRUARY 14, 2020

has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement. Technology and equipment vendors can be live in a matter of minutes, offering real-time POS lending with little or no integration needed. “As

Lending 151

Lending Groups Online Technology 151

PYMNTS

OCTOBER 1, 2020

In today’s top news in digital-first banking, Memo Bank is rolling out an interest-bearing account for companies, while lending marketplace October has notched roughly $303 million in funding. Memo Bank is providing a new offering three months after receiving its complete banking license.

Lending 150

Lending Innovation Fintech US 150

PYMNTS

JANUARY 17, 2021

This will mark Figure’s fifth online financing facility, in which the company has closed almost $1.5 With the facility, Figure will work on fueling mortgage lending growth, which shot up nearly 50 percent month over month in the fourth quarter. billion, in partnership with numerous banks and facilities, including Jefferies.

Lending 199

Lending blockchain National Payments 199

PYMNTS

JANUARY 14, 2020

As diverse as they may be, they share a few common characteristics: an automated online application process, the use of proprietary algorithms to determine creditworthiness and a focus on speed and inclusivity. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

Online 131

Online Cleveland Lending Study 131

PYMNTS

JANUARY 4, 2019

Chesapeake Bank is expanding its alternative lending division, Cash Flow, with ProfitStars ‘ Commercial Lending Center Suite. ” The Commercial Lending Center Suite will also allow the bank to digitize and streamline the entire loan process. Launched in 1995, Cash Flow offers U.S.

Online 139

Online Lending Risk Management US 139

PYMNTS

DECEMBER 2, 2019

Launched in 2016, Mercado Crédito offers credit to clients of its parent company, as well as to customers using its online payment platform, Mercado Pago , in Brazil, Argentina and Mexico. The Goldman Sachs loan won’t be used to finance lending in Brazil. “We

Lending 130

Lending America Capital Regional 130

PYMNTS

NOVEMBER 1, 2019

To read more about this and other news items, visit the Tracker’s News & Trends section. Consumers are fairly used to applying for everything from a personal to a business loan online. Deep Dive: How Instant Payments Are Changing The Lending Industry. Deep Dive: How Instant Payments Are Changing The Lending Industry.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

MARCH 6, 2019

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.

Lending 168

Lending Capital Online Company 168

PYMNTS

JANUARY 14, 2020

As diverse as they may be, they share a few common characteristics: an automated online application process, the use of proprietary algorithms to determine creditworthiness and a focus on speed and inclusivity. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

Online 132

Online Cleveland Lending Study 132

PYMNTS

AUGUST 17, 2020

Personal, unsecured loans issued through online lenders like Best Egg , LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. But new figures from data-crunching firm dvo1 are pointing to some surprising resilience in marketplace loans, a lending category widely considered to be high-risk.

Online 150

Online United States New York Lending 150

PYMNTS

SEPTEMBER 3, 2019

The Bank of England released new data late last week warning that business bank lending in the country hit its lowest rate in nearly two years in July. Reports in The Irish News on Saturday (Aug. billion decline in net lending to companies in the month driven by the $2.43 percent growth rate in lending for the month.

Lending 116

Lending Meeting Capital Industry 116

PYMNTS

APRIL 15, 2020

After hitting a skid from the beginning to the middle of the COVID-19 crisis, online fashion sales have caught fire. That business did not transfer online, according to the PYMNTS data. percent said they were shopping online for these items more frequently. percent of consumers had shifted their purchase to online retail.

Online 141

Online Retail Survey Comparison 141

PYMNTS

NOVEMBER 27, 2017

operator of China’s leading online lender Fenqile, was slated to meet with advisers over the weekend to decide if it will go ahead with a proposed initial public offering (IPO) in the U.S. Investors have been questioning the regulatory climate for online lenders in China during premarketing meetings for the IPO.

Online 100

Online Lending Regulation Meeting 100

PYMNTS

APRIL 28, 2020

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to a report from CNBC. The Fed has received over 2,200 pieces of feedback online, sources said, according to CNBC. billion in sales from 2019.

Maine 184

Maine Lending Taxes Industry 184

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

MARCH 7, 2019

For more on the security and privacy issues surrounding these regulations, visit the Tracker’s News & Trends section. How PSD2 is Changing Lending in the U.K. However, customers are still wary of sharing too much data online, especially as questions grow over who has their data and how it’s being used.

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Lending Regulation Regional Data 198

PYMNTS

DECEMBER 1, 2017

The Chinese government’s financial regulators have distributed new rules to local governments, targeting the fast-growing online micro-lending industry. According to news from Reuters , under the new rules, unlicensed organizations and individuals are not allowed to conduct a lending business.

Online 129

Online Lending Regulation Groups 129

PYMNTS

AUGUST 21, 2017

With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the online lenders before them. The executive noted that investors are looking at the “viability of the overall lending model” and what effect it will have on the weaker players.

Online 100

Online Lending Capital Compliance 100