June 18, 2024
Nonbank Lenders Pose Risks to Traditional Banks as Private Credit...

Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers, a capital lifeline to sustain...

June 17, 2024
LendingClub’s Structured Certificates Program Surpasses $3 Billion in Loans Sold

LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023. In this program, LendingClub retains...

June 17, 2024
Tether Launches New Digital Asset Backed by Tether Gold

Tether has launched a new digital asset called Alloy by Tether, which is backed by Tether Gold. This asset aims to “redefine stability in the digital economy” by combining the strengths of...

June 17, 2024
Stripe to Let Employees Cash Out Shares for Third Time

Stripe expects to let employees cash out some of their shares, as it has done twice before. John Collison, a co-founder of Stripe, said the company did that last year,...

June 17, 2024
Evolve Was Served a Cease-and-Desist Order — Now What?

The Federal Reserve Board issued a “cease and desist” order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, that may have a chilling effect on bank-FinTech partnerships. In addition...

June 16, 2024
JPMorgan Doubts Crypto Inflows Will Remain as Robust

America’s largest bank says the state of the cryptocurrency market may not be sustainable. This year has seen crypto net inflows of $12 billion thus far — a figure that...

June 12, 2024
Figure Debuts Blockchain-Based Private Credit Marketplace

Figure Technology Solutions has launched a blockchain-based multi-seller, multi-buyer marketplace for private credit loans. Dubbed “Figure Connect” and called a first-of-its-kind offering, the marketplace brings the company’s capital markets buyers...

June 12, 2024
Getting Paid: Digital Payments for Improving Cash Flow and Customer...

Accounts receivable (AR) is the lifeblood of any business, ensuring that a company gets paid for its services in a timely manner to maintain smooth operations and invest to thrive...

June 11, 2024
Ripple Aims to Fund XRP Ledger Projects in Japan and...

Ripple wants to support innovation of the XRP Ledger in Japan and South Korea. The enterprise blockchain and cryptocurrency solutions company announced in a Tuesday (June 11) press release the...