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

Amazon Business Payments Eyed With Giromatch, Degussa Bank Collab
Amazon Business Payments Eyed With Giromatch, Degussa Bank Collab
February 24, 2018  |  B2B Payments

Germany’s Degussa Bank and FinTech Giromatch are teaming up to help businesses procure via Amazon Business and manage cash flow. An announcement last week said...

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US Bank Partners With AutoGravity For Digital Auto Loans
US Bank Partners With AutoGravity For Digital Auto Loans
February 23, 2018  |  Consumer Finance

To reach customers looking to apply for an auto loan online, U.S. Bank has created a new platform with AutoGravity. Through the service, borrowers can...

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Citi Says Issues Arise With Credit Card Interest Rate Calculations
Citi Says Issues Arise With Credit Card Interest Rate Calculations
February 23, 2018  |  Payment Methods

Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb. 23) that it uncovered “methodological issues” with how it calculates...

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Less Than 2 Percent Of UK SMBs Sought A Loan Last Year
Less Than 2 Percent Of UK SMBs Sought A Loan Last Year
February 21, 2018  |  B2B Payments

Lending to small businesses (SMBs) among top U.K. banks failed to grow last year, according to new data from the British Business Bank, which found...

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What The Climbing Debt Defaults Really Mean For The Economy
What The Climbing Debt Defaults Really Mean For The Economy
February 20, 2018  |  Alternative Finances

By many measures, the economy looks strong. The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where...

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Use Of AltFin Climbs For Small Business Borrowers
Use Of AltFin Climbs For Small Business Borrowers
February 20, 2018  |  B2B Payments

Traditional bank loans still reign as the top financing target for small business (SMB) borrowers, but a new report suggests alternative lenders are gaining traction....

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Economic Recovery Not A Silver Bullet For SMB Growth, C2FO Finds
Economic Recovery Not A Silver Bullet For SMB Growth, C2FO Finds
February 19, 2018  |  B2B Payments

The latest report by alternative lender C2FO finds that economic recovery doesn’t necessarily negate every problem for small business (SMB) owners. The company recently published...

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BofA Community Development Banking Has Record 2017
BofA Community Development Banking Has Record 2017
February 16, 2018  |  Banking

Bank of America Merrill Lynch’s Community Development Banking (CDB) announced news on Thursday (Feb. 15) that 2017 was a record year for the firm. The...

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Big Banks Continue SMB Lending Uptick, Biz2Credit Finds
Big Banks Continue SMB Lending Uptick, Biz2Credit Finds
February 08, 2018  |  B2B Payments

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending...

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