Until recently, offering that credit product has been easier said than done, involving finding a bank sponsor to handle compliance, risk modeling, underwriting — the list goes on. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Payments FinTech Opy has branched out into the automotive sector, offering its OpyPay product at franchised auto dealerships around the country, according to a Tuesday (March 22) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Versana, a loan platform founded by four of the world’s largest banks, announced its launch Wednesday (March 16), saying it wanted to bring “transparency, efficiency and velocity” to the $5 trillion syndicated loan market. Get the Full Story Complete the form to unlock this article...
Most consumers have loan accounts with outstanding balances, and most of them manage those accounts online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
Funding Circle has permanently barred new investors from its retail platform, the business lender announced Thursday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Kueski has made nearly $1 billion in loans to one million costumers, the Latin American lender and buy now, pay later (BNPL) firm said in a news release Tuesday (March 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Nearly a year after the United Kingdom’s finance regulator banned Amigo Holdings PLC from issuing loans in the U.K., the tide is turning. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Canadian FinTech lender Loanz is planning to launch in the U.S. while also expanding its Credit Box in Canada, which offers loans to low credit customers in Canada with starting interest rates of 9.9%. Get the Full Story Complete the form to unlock this article...
Almost two out of every three consumers are comfortable opening new accounts digitally, compared to less than half saying they prefer to manage their existing loan accounts that way, according to PYMNTS’ February 2022 edition of “Account Opening And Loan Servicing In The Digital Environment”....
