PYMNTS-MonitorEdge-May-2024

digital lending

KeyBank Partners with Oracle to Digitize Consumer Lending Process
KeyBank Partners with Oracle to Digitize Consumer Lending Process
September 21, 2022  |  Loans

KeyBank can now service loans in real-time, including application, payments and collections, after partnering with Oracle to update and digitize its non-real estate consumer lending...

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Digital Lending Firm Biz2X Partners With B2B eCommerce Platform TradeIndia
Digital Lending Firm Biz2X Partners With B2B eCommerce Platform TradeIndia
September 05, 2022  |  B2B Payments

Digital lending SaaS platform Biz2X has teamed with B2B eCommerce platform TradeIndia, to provide financing solutions for micro-, small- and medium-sized enterprises (MSMEs), a press...

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FinTech Nuula Partners With Mulligan Funding to Offer Term Loans to Small Businesses
FinTech Nuula Partners With Mulligan Funding to Offer Term Loans to Small Businesses
May 24, 2022  |  SMBs

FinTech company Nuula, which provides small businesses with tools and capital, will partner with Mulligan Funding to offer term loans up to $2 million through...

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Lendflow Launches Credit Decisioning Engine for Embedded Lending Products
Lendflow Launches Credit Decisioning Engine for Embedded Lending Products
May 24, 2022  |  API

Lendflow, which offers embedded lending, has rolled out an application programming interface (API) for companies to build, embed and launch credit products, a press release...

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SoFi’s Membership Growth Slows to 70% as Triple-Digit Pandemic Gains Fade
SoFi’s Membership Growth Slows to 70% as Triple-Digit Pandemic Gains Fade
May 10, 2022  |  Earnings

Push the wrong button — sink a stock.  By now the world knows that SoFi’s stock slid on Tuesday in the wake of a trading...

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Upstart Debuts AI Lending Platform on Salesforce AppExchange
Upstart Debuts AI Lending Platform on Salesforce AppExchange
May 04, 2022  |  artificial intelligence

Artificial intelligence (AI) lending platform Upstart will be debuting Upstart AI Lending for Salesforce, which will bring AI-based lending to the financial services industry, a...

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Lenders Use Automation, Data and Payments Tech to Shorten Approval, Payout Process
Lenders Use Automation, Data and Payments Tech to Shorten Approval, Payout Process
November 30, 2021  |  Disbursements

Lending has become increasingly streamlined, including automated approvals and disbursements, but the pandemic demonstrated weaknesses in digital lending. Demand for both consumer and small business...

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Kenya’s Central Bank Seeks To Govern Digital Lending Interest Rates
Kenya’s Central Bank Seeks To Govern Digital Lending Interest Rates
July 24, 2020  |  Loans

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...

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Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
May 05, 2020  |  Retail

Digital lending marketplace BitX Funding, which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The company has brought...

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