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

Ant Financial Has $95B In Consumer Loans Even With Government Crackdown
Ant Financial Has $95B In Consumer Loans Even With Government Crackdown
March 12, 2018  |  Loans

Ant Financial, the payment affiliate of China’s Alibaba, has seen its consumer lending business reach 600 billion yuan ($95 billion) even as the company faces...

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CFPB Issues Final Rule Connecting Mortgage Servicers To Bankrupt Borrowers
CFPB Issues Final Rule Connecting Mortgage Servicers To Bankrupt Borrowers
March 09, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) introduced a final rule on Thursday (March 8) that it said will help mortgage servicers communicate with borrowers who...

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The Construction Industry’s Lending Catch-22
The Construction Industry’s Lending Catch-22
March 08, 2018  |  B2B Payments

Credit underwriting is more reliant than ever on Big Data, and one of the industries in which this is most pronounced is the construction industry....

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LendingPoint Unveils Retail Financing Platform
LendingPoint Unveils Retail Financing Platform
March 07, 2018  |  Loans

To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide...

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Wealthy Entrepreneurs Turn To Pawn Shops To Start New Ventures
Wealthy Entrepreneurs Turn To Pawn Shops To Start New Ventures
March 06, 2018  |  B2B Payments

Wealthy entrepreneurs are turning to an unexpected source to finance their new business ventures: pawn shops. According to news from CNBC on Monday (March 5), there...

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Today In Data: Alternative Banking, Innovation Budgets And Transportation Expenses
Today In Data: Alternative Banking, Innovation Budgets And Transportation Expenses
March 01, 2018  |  Today In Data

Today in PYMNTS data, payments apps are pushing banking outside the traditional system, top-performing businesses are allocating big budgets to innovation, ground transportation costs are...

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Australia’s Alt-Lending Market Vows Transparency
Australia’s Alt-Lending Market Vows Transparency
March 01, 2018  |  B2B Payments

Australia’s alternative finance industry is vowing to heighten transparency as policymakers continue to push for better small and medium-sized business (SMB) financial services. Tech news...

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Borrowing By UK Corporates At Three-Year Low
Borrowing By UK Corporates At Three-Year Low
February 27, 2018  |  B2B Payments

Reports in Bloomberg on Monday (Feb. 26) said that, according to new data, businesses in the U.K. are borrowing at their lowest rate since 2015,...

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Equifax Launches Consumer Finance Dataset
Equifax Launches Consumer Finance Dataset
February 27, 2018  |  Consumer Finance

Equifax, the credit scoring company still reeling from a massive data breach last year, announced news on Monday (Feb. 26) of the launch of Analytic...

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