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

Kabbage Acquires SMB Data Analytics Firm Radius
Kabbage Acquires SMB Data Analytics Firm Radius
September 04, 2019  |  B2B Payments

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. In a press release on Tuesday (Sept. 3), Kabbage said...

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U.K. Scrambles To Prop Up Business Bank Lending
U.K. Scrambles To Prop Up Business Bank Lending
September 03, 2019  |  B2B Payments

U.K. regulations have been working to elevate business banking competition and expand access to capital for corporate and SMB borrowers, but the latest reports from...

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India’s State Banks To Merge As Economy Slows
India’s State Banks To Merge As Economy Slows
August 30, 2019  |  International

India’s Prime Minister Narendra Modi is merging state banks as the country looks for ways to offset a slowdown of the economy, Financial Times reported...

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Cred Crypto Lender Names PayPal Veteran As CFO
Cred Crypto Lender Names PayPal Veteran As CFO
August 26, 2019  |  Personnel

Cred, a global crypto-backed lending and borrowing platform, has announced the addition of two executive team members. Joe Podulka, a 10-year veteran of eBay and...

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China’s Wanwu Xinxuan eCommerce Platform Lands $20M; Experian Acquires FinTech Startup To Enhance Open Data Offering
China’s Wanwu Xinxuan eCommerce Platform Lands $20M; Experian Acquires FinTech Startup To Enhance Open Data...
August 26, 2019  |  Investments

Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint...

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Xiaomi To Roll Out Consumer Lending In India
Xiaomi To Roll Out Consumer Lending In India
August 23, 2019  |  Loans

With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll...

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GenZ Gets Friendly With Credit
GenZ Gets Friendly With Credit
August 20, 2019  |  Financial Inclusion

Generation Z is growing up. The oldest members of the generation born between the mid-90s and the mid-2010s (specific year ranges vary depending on who...

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Negative Interest Rates And Negative Ripple Effects
Negative Interest Rates And Negative Ripple Effects
August 16, 2019  |  Loans

Please take out a loan. Stimulate the economy. We’ll pay you to do it. News came this week that Jysek Bank, a Danish bank that...

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China Bank Loans Decline In July Amid Trade Tensions
China Bank Loans Decline In July Amid Trade Tensions
August 12, 2019  |  International

Decreasing demands for loans has caused a July lending slowdown for Chinese financial institutions, The Wall Street Journal reported on Monday (Aug. 12). The climate...

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