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

Amount Debuts AI Policy Optimizer for Risk Assessment, Credit Underwriting
Amount Debuts AI Policy Optimizer for Risk Assessment, Credit Underwriting
October 24, 2024  |  artificial intelligence

Credit underwriting strategy can be an untapped competitive advantage for lenders. It turns out analytics can be used to automate and improve that too. Get...

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Earnings Season Shows Consumer Pressures on Auto Loan Payments
Earnings Season Shows Consumer Pressures on Auto Loan Payments
October 21, 2024  |  Loans

Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas...

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Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls
Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls
October 18, 2024  |  Earnings

Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Regional Banks Report Credit Quality Remained Strong in Q3
Regional Banks Report Credit Quality Remained Strong in Q3
October 17, 2024  |  Earnings

Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in...

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SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
October 16, 2024  |  Digital Banking

Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. Get the Full Story Complete the form to unlock this...

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PNC Expects Loan Growth After Fed’s Rate Cut
PNC Expects Loan Growth After Fed’s Rate Cut
October 15, 2024  |  Earnings

PNC Financial Services Group said Tuesday (Oct. 15) that it is prepared for lending to pick up after the Federal Reserve cut interest rates in...

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SoFi Gets $2 Billion to Expand Its Loan Platform Business
SoFi Gets $2 Billion to Expand Its Loan Platform Business
October 14, 2024  |  Investments

Personal finance company SoFi is expanding its loan platform with a new $2 billion investment. Get the Full Story Complete the form to unlock this article and...

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Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
October 10, 2024  |  SMBs

If information is power, the lack of information creates a vacuum, especially in small business banking. Get the Full Story Complete the form to unlock...

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As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
October 09, 2024  |  Loans

Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. Get the Full...

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