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

JPMorgan CEO Jamie Dimon Calls US Student Lending A ‘Disgrace’
JPMorgan CEO Jamie Dimon Calls US Student Lending A ‘Disgrace’
June 26, 2019  |  Loans

Months after he called out “irrational” student lending that has been impacting the economy through his annual letter, JPMorgan Chase CEO Jamie Dimon noted that...

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Chinese P2P Lender Dianrong Completes Funding Round
Chinese P2P Lender Dianrong Completes Funding Round
June 21, 2019  |  Investments

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. Standard Chartered Private Equity...

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LendingClub Extends Balance Transfer To More Customers
LendingClub Extends Balance Transfer To More Customers
June 18, 2019  |  Marketplace Lending Platform

To drive savings and simplicity while improving financial health, LendingClub has extended balance transfer to more borrowers. The offering lets borrowers seamlessly pay credit cards...

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Wild Cards? eGaming, Payroll, Credit, Provide Fresh Fuel For Prepaid
Wild Cards? eGaming, Payroll, Credit, Provide Fresh Fuel For Prepaid
June 05, 2019  |  Payment Methods

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only...

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Santander, eBay Partner On Loan App
Santander, eBay Partner On Loan App
June 03, 2019  |  Banking

Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not...

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Q2 Holdings Launches Q2 TrustView For Data Security
Q2 Holdings Launches Q2 TrustView For Data Security
May 17, 2019  |  Security & Fraud

Q2 Holdings said on Wednesday (May 15) that it has launched Q2 TrustView, billed as technology for data governance and protection focused on banking and...

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Amazon Launches Lending Referral Program In China
Amazon Launches Lending Referral Program In China
May 09, 2019  |  Amazon Innovations

Amazon has launched a new lending service in China dubbed Lending Referral Program, which is open to select merchants that sell products on its site....

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Wells Fargo Appoints Derek Flowers To New Position To Oversee Compliance
Wells Fargo Appoints Derek Flowers To New Position To Oversee Compliance
May 09, 2019  |  Personnel

Derek Flowers has been named Wells Fargo‘s head of strategic execution and operations, a new position created by the lender to oversee compliance. A memo from...

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