PYMNTS-MonitorEdge-May-2024

Lending platforms

LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech
LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech
October 09, 2024  |  Acquisitions

LendingClub and AI lending network Pagaya have acquired Tally Technologies’ intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors...

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Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
June 04, 2024  |  SMBs

Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets...

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Upstart Unveils Custom Loan Tool for Banks and CUs
Upstart Unveils Custom Loan Tool for Banks and CUs
April 25, 2024  |  Loans

Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when...

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Decipher Credit Launches SMB Lending Partnership With Validis
Decipher Credit Launches SMB Lending Partnership With Validis
April 22, 2024  |  SMBs

Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable...

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BAFS Commercial Platform Aims to Connect Borrowers and Lenders
BAFS Commercial Platform Aims to Connect Borrowers and Lenders
February 06, 2024  |  Loans

BAFS (Business Alliance Financial Services) has debuted a platform to connect commercial lenders with borrowers. The Louisiana company’s Borrower Portal, announced Tuesday (Feb. 6), lets borrowers input...

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Lending Platforms Plunge as Tech Rout Sends FinTech IPO Index Down 4.9%
Lending Platforms Plunge as Tech Rout Sends FinTech IPO Index Down 4.9%
March 10, 2023  |  Fintech Investments

It wasn’t just crypto that had investors running for the exits. And it wasn’t just talk of more rate hikes from the Fed that had...

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