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

Point-of-Care Payment Options Expand Access to Dental Care for Patients
Point-of-Care Payment Options Expand Access to Dental Care for Patients
March 04, 2024  |  Healthcare Financing

Dental services represent a $155 billion market that is projected to grow to $254 billion by 2032. Against that backdrop, it’s critical, especially in an...

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Auto Loans Go Green to Boost Electric Vehicle Adoption
Auto Loans Go Green to Boost Electric Vehicle Adoption
March 01, 2024  |  Loans

Following a record-breaking 2022, marked by the sale of over 10 million electric cars worldwide, the electric vehicle market has hit a speed bump in the United States,...

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Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
March 01, 2024  |  Loans

Online car retailer Carvana is tightening its lending standards in response to higher delinquency rates. The company is requiring higher down payments from customers and...

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LendAPI and PortX Team to Streamline Digital Lending
LendAPI and PortX Team to Streamline Digital Lending
February 29, 2024  |  Partnerships

Digital lending company LendAPI has teamed with Integration-Platform-as-a-Service (IPaaS) provider PortX. “Our advanced platform, when combined with PortX’s integration prowess, will enable financial institutions to not only simplify their...

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Capital One/Discover Combo Could Create Financial Ecosystem for Paycheck-to-Paycheck Consumers
Capital One/Discover Combo Could Create Financial Ecosystem for Paycheck-to-Paycheck Consumers
February 20, 2024  |  Acquisitions

In any industry, a $35 billion deal is, of course … a big deal. But in financial services, the news that Capital One has set...

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US Bank Taps Pagaya’s Credit Intelligence Network for Personal Loans
US Bank Taps Pagaya’s Credit Intelligence Network for Personal Loans
February 15, 2024  |  Banking

U.S. Bank said Thursday (Feb. 15) that more than 2,000 of its clients have been approved for personal loans over the past few months thanks...

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FIs Explore GenAI Potential in Small Business Lending Despite Customer Concerns
FIs Explore GenAI Potential in Small Business Lending Despite Customer Concerns
February 12, 2024  |  Artificial Intelligence

Financial institutions are embracing the integration of generative artificial intelligence into their operations, recognizing it as a vital step to remain competitive in today’s fast-evolving...

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The Auto Lending Ecosystem Streamlines Refunds and Cancellations With Automated Compliance
The Auto Lending Ecosystem Streamlines Refunds and Cancellations With Automated Compliance
February 07, 2024  |  Acquisitions

In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and...

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BAFS Commercial Platform Aims to Connect Borrowers and Lenders
BAFS Commercial Platform Aims to Connect Borrowers and Lenders
February 06, 2024  |  Loans

BAFS (Business Alliance Financial Services) has debuted a platform to connect commercial lenders with borrowers. The Louisiana company’s Borrower Portal, announced Tuesday (Feb. 6), lets borrowers input...

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