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

Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
February 06, 2024  |  Digital Banking

Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT)...

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As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
As Banks Tighten Lending, Are Private and Alternative Credit Channels Gaining Ground?
February 05, 2024  |  Loans

The banks continue to tighten, the traditional channels are tougher to navigate in the commercial lending space. And against a backdrop where smaller firms are...

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Banks Report Tighter Standards, Lower Demand for Lending in Q4
Banks Report Tighter Standards, Lower Demand for Lending in Q4
February 05, 2024  |  Banking

Banks tightened their standards on loans to both businesses and households in the fourth quarter. They also saw lower demand for lending during that period,...

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Upstart to Expand Vehicle Financing to Another 13 States
Upstart to Expand Vehicle Financing to Another 13 States
January 31, 2024  |  Loans

Upstart plans to expand its auto retail financing capability to another 13 states during the first quarter. The lending marketplace aims to reach 90% of...

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CSG Forte and Lendica Launch Embedded Lending for Software Vendors
CSG Forte and Lendica Launch Embedded Lending for Software Vendors
January 30, 2024  |  Loans

CSG Forte and Lendica have formed a strategic partnership to allow small and medium-sized businesses (SMBs) to borrow money directly from their software vendors instead...

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Private-Label Card Pressures May Signal Spending Pullback
Private-Label Card Pressures May Signal Spending Pullback
January 30, 2024  |  Consumer Insights

Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are...

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SoFi New Member Additions Soared 44% Amid Strong ‘Cross-Buy’ Opportunities
SoFi New Member Additions Soared 44% Amid Strong ‘Cross-Buy’ Opportunities
January 29, 2024  |  Earnings

SoFi Technologies said in its latest earnings report that it had seen significant growth in cross-selling activity, and noted that the vast majority of its...

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Software Developer Platforms Put Lending Products at Top of Innovation Lists
Software Developer Platforms Put Lending Products at Top of Innovation Lists
January 26, 2024  |  Loans

The software publishing industry is starting to use digital wallets as a standard for processing transactions and lending products to facilitate payments. Thus, both digital...

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Amex: Millennial and Gen Z Spending Surges 15%, Delinquencies Up Slightly
Amex: Millennial and Gen Z Spending Surges 15%, Delinquencies Up Slightly
January 26, 2024  |  Earnings

The enthusiasm to tap into credit lines and to spend on experiences continues unabated — and has been illuminated in stark relief by the latest...

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