PYMNTS-MonitorEdge-May-2024

Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Open Banking Expands Its Horizons For Small Business Finserv
Open Banking Expands Its Horizons For Small Business Finserv
October 21, 2019  |  B2B Payments

The evolution of financial services has opened the door for open banking to take place. While in the U.K., Europe and elsewhere, regulations mandate that...

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How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
October 21, 2019  |  Faster Payments

When financing a first home, a complicated mortgage process can confuse buyers, and draw out loan underwriting timelines — costing time and money. Yet, lenders...

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Despite China’s Slowing Economy, Credit Demand Still Strong
Despite China’s Slowing Economy, Credit Demand Still Strong
October 18, 2019  |  International

Chinese online finance giant Ant Financial, headed by billionaire Jack Ma, is seeing an uptick in the desire for credit among small and medium businesses...

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Trending: Data Aggregation Makes Home Mortgages Cheaper
Trending: Data Aggregation Makes Home Mortgages Cheaper
October 18, 2019  |  Faster Payments

Many major companies rely on international trade and global supply chains. Keeping these trade flows operating smoothly requires quick, reliable delivery of payments. Consumers similarly...

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P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
P2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
October 11, 2019  |  Loans

Peer-to-peer (P2P) British-based lender Funding Circle sent out a letter to investors after they were unable to take out funds from the platform. The Financial...

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WeWork Calls For Looser Loan Policies For Co-Working Tenants
WeWork Calls For Looser Loan Policies For Co-Working Tenants
October 11, 2019  |  Loans

A WeWork executive is calling for real estate lenders to be more flexible when it comes to their co-working tenants. “It’s important for lenders to...

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LendingClub Offers Same-Day Loan Settlements
LendingClub Offers Same-Day Loan Settlements
October 10, 2019  |  Loans

LendingClub, an online marketplace that connects borrowers and investors, has launched a new marketplace called LCX with the intention of drawing a larger swath of...

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Credit Card Interest Rates Rise To Near-Record Levels
Credit Card Interest Rates Rise To Near-Record Levels
October 09, 2019  |  Economy

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Bloomberg is reporting...

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SMBs Enter 2019’s Final Quarter With Plate Full Of Concerns
SMBs Enter 2019’s Final Quarter With Plate Full Of Concerns
October 08, 2019  |  B2B Payments

The year’s final quarter is upon us, marking an opportunity to look back at Q3 and obtain a reading of small businesses’ most pressing —...

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