MoneyLion and Nova Credit have partnered to give credit issuers a more comprehensive view of consumers’ financial health and expand consumers’ access to credit. With this collaboration, lenders using MoneyLion’s hosted decisioning engine will be able to integrate Nova Credit’s cash flow underwriting data and...
The Federal Deposit Insurance Corp.’s latest quarterly banking industry report hints at where risks lie if additional pressures come to bear on financial services firms — particularly those that don’t have deposit insurance in the mix. In the tables and discussions that give a read-across...
Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth, with around 60% of Brazilian adults using its app and its stock up 109% over the past year. However, the...
Robinhood now offers stock lending for British customers, part of the platform’s ongoing U.K. expansion. Introduced Wednesday (Sept. 4), the offering lets customers lend out any fully paid stock in their portfolio, with Robinhood taking care of finding interested borrowers. “Stock Lending is another innovative way for...
Australian lender Elepay has introduced its latest pay-later solution for property owners. The Brisbane-based company’s 180-day offering, announced in a news release Tuesday (Sept. 3), is designed to allow property owners to capitalize on their property’s value before selling without having to worry about upfront expenses. “The 180-day Pay...
The Reserve Bank of India (RBI) plans to launch a technology platform designed to enable frictionless credit, especially for small- to medium-sized businesses (SMBs). The RBI began piloting the platform — which it plans to name the “Unified Lending Interface (ULI)” — in 2023 and...
Consumers’ total outstanding credit increased by $8.9 billion in June, with a rise in non-revolving credit partially offset by a decline in revolving credit. Non-revolving credit increased by $10.6 billion during the month, while revolving credit declined by $1.7 billion, the Federal Reserve said Wednesday (Aug. 7) in...
Brazilian online marketplace Monkey Exchange has reportedly raised $11 million in new funding. As The Brazil Journal reported, the financing comes at a pivotal moment for the company, whose marketplace anticipates receivables from suppliers of large companies. New regulations, the report said, are expected to...
Swivel is now enabling its credit union and community bank clients to accept loan payments through Apple Pay. The FinTech has integrated its transaction enablement solutions with Apple Pay, Swivel said in a Thursday (July 25) press release. One special feature of Swivel’s integration with Apple Pay is...
