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

Visa, Mastercard Cut Canadian Interchange Fees
Visa, Mastercard Cut Canadian Interchange Fees
August 10, 2018  |  International

Visa and Mastercard have agreed to cut Canadian credit card transaction fees, which could save smaller businesses (SMBs) C$250 million ($192 million) a year. The...

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Today In Data: The Upgrading And Diversifying Face Of Financial Services
Today In Data: The Upgrading And Diversifying Face Of Financial Services
August 09, 2018  |  Today In Data

After a long, and at times painful, journey back from the wilderness that began in May 2016, it looks like things are getting back on...

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Convincing Banks Of Trade Finance Tech Value
Convincing Banks Of Trade Finance Tech Value
July 20, 2018  |  B2B Payments

Blockchain-based solutions have only just begun to launch in the financial services market, but considering the volume of interest in deploying blockchain tools to address...

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Goldman Says It Has 1.5M Marcus Customers
Goldman Says It Has 1.5M Marcus Customers
July 18, 2018  |  Earnings

Goldman Sach reported a surge in profit during the second quarter that overall exceeded Wall Street estimates, while also announcing that CEO Lloyd Blankfein will — after...

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Equifax Buys DataX To Close Credit Reporting Gap
Equifax Buys DataX To Close Credit Reporting Gap
July 17, 2018  |  Partnerships / Acquisitions

Equifax announced that it has acquired DataX, a leading specialty finance credit reporting agency and alternative data provider to lenders nationwide. Get the Full Story...

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Reg Tracker: National Tech Privacy, Facial Recognition Rules Loom (Perhaps)
Reg Tracker: National Tech Privacy, Facial Recognition Rules Loom (Perhaps)
July 16, 2018  |  Safety and Security

New rules may loom for technology providers pertaining to privacy — on a national level. As reported last week by the Information Technology Industry Council (ITI), the...

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CODE Investing Talks AltFin And Bank-FinTech Collaboration
CODE Investing Talks AltFin And Bank-FinTech Collaboration
July 11, 2018  |  Alternative Finances

The story of alternative finance is now well-known across the small business (SMB) lending community: Heightened risk management and capital requirements imposed on traditional lenders...

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Why AI Is The Future Of Community Banking
Why AI Is The Future Of Community Banking
July 11, 2018  |  Artificial Intelligence

On a surface level, community banking and artificial intelligence (AI) can seem like something of a mismatch in concept. Community banking is all about relationship-lending...

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China Tells Lenders To Slash Rates For SMBs
China Tells Lenders To Slash Rates For SMBs
July 10, 2018  |  B2B Payments

Chinese regulators are hoping to give a boost to small business (SMBs) lending by telling banks to cut interest rates for SMB borrowers, according to...

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