alt lending

Alt-Lenders Vow Transparency After Prospa Backlash
Alt-Lenders Vow Transparency After Prospa Backlash
July 02, 2018  |  B2B Payments

Australia’s alternative finance community has vowed to heighten transparency following criticism over Prospa‘s high interest rates, which caused the FinTech to scrap its initial public...

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America’s Expanding Debt Footprint (And What It Really Means)
America’s Expanding Debt Footprint (And What It Really Means)
June 26, 2018  |  Alternative Finances

When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the United States was...

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Power2SME Says Demonetization Forced IPO Delay
Power2SME Says Demonetization Forced IPO Delay
June 25, 2018  |  B2B Payments

Alternative small business lender Power2SME says small businesses’ loan payment times doubled overnight following India’s demonetization efforts, highlighting the impact of going cashless on the...

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Rent-A-Center Sold For $1.37B
Rent-A-Center Sold For $1.37B
June 19, 2018  |  Consumer Finance

Rent-A-Center‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more...

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Ripio CEO: Reinventing P2P Lending With The Blockchain
Ripio CEO: Reinventing P2P Lending With The Blockchain
May 08, 2018  |  Alternative Finances

Ripio has had more than one name in its evolution as a firm – but only a single goal. Originally known as BitPagos at launch,...

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TSB To Launch Business Marketplace To Enable SMBs To Shop For Loans
TSB To Launch Business Marketplace To Enable SMBs To Shop For Loans
March 29, 2018  |  SMBs

TSB, the U.K.’s challenger bank, is gearing up to create Business Marketplace, an internet site that will enable small businesses to compare financing options from...

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Moving Mortgages Into The Mobile Era
Moving Mortgages Into The Mobile Era
March 13, 2018  |  Alternative Finances

Millennials, we have long been assured, were never, ever going to buy houses. Some hypothesized that the lingering memory of the Great Recession’s origins in profligate mortgage...

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OnDeck Flips To Profitability Much To The Market’s Delight
OnDeck Flips To Profitability Much To The Market’s Delight
February 14, 2018  |  Earnings

After a series of earning performances that left investors disappointed, OnDeck reported a profitable Q4. That performance is largely credited to fewer charge-offs and a reduction in the costs of originating...

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Aspiration CEO: Big Banks’ ‘Bad Decision’ Is My Gain
Aspiration CEO: Big Banks’ ‘Bad Decision’ Is My Gain
January 30, 2018  |  Alternative Finances

When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. The new...

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