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

ABC Finance Launches Platform to Connect Business Owners With Lenders
ABC Finance Launches Platform to Connect Business Owners With Lenders
September 11, 2023  |  B2B Payments

ABC Finance has introduced an invoice finance comparison tool that quickly connects business owners with lenders who meet their funding requirements. This platform was developed to fix the...

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SAP Fioneer and Mastercard Partner on Embedded Payments and Lending
SAP Fioneer and Mastercard Partner on Embedded Payments and Lending
September 08, 2023  |  Partnerships

SAP Fioneer, a global provider of financial services software solutions and platforms, has partnered with Mastercard to enhance its embedded financial services. The collaboration aims to enable...

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Large National Banks Hold the Advantage When Main Street SMBs Shop for Credit
Large National Banks Hold the Advantage When Main Street SMBs Shop for Credit
September 08, 2023  |  SMBs

Access to business financing is crucial for Main Street small and medium-sized businesses (SMBs). But while a significant share of these small businesses across all...

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Partnerships and New Tech Announcements Dominate as FinTech IPO Slips 0.9%
Partnerships and New Tech Announcements Dominate as FinTech IPO Slips 0.9%
September 08, 2023  |  IPO

Earnings season has trailed off — and now come the headlines focused on technology, partnerships and entry into new markets as FinTechs continue to try...

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LHV Bank Collaborates With Tuum on Small Business Lending
LHV Bank Collaborates With Tuum on Small Business Lending
September 07, 2023  |  Banking

LHV Bank has implemented an upgraded loan system for its small and medium-sized business (SMB) lending division. The U.K. licensed bank has partnered with cloud-native platform Tuum to...

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Coinbase Unveils Crypto Lending for Institutional Investors
Coinbase Unveils Crypto Lending for Institutional Investors
September 06, 2023  |  Cryptocurrency

Cryptocurrency exchange Coinbase says it is rolling out a digital asset lending program for its institutional Prime clients.  In an announcement provided to PYMNTS Wednesday (Sept. 6),...

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Momnt Raises $15 Million to Grow Lending and Financing Platform
Momnt Raises $15 Million to Grow Lending and Financing Platform
September 06, 2023  |  Investments

Atlanta-based FinTech company Momnt has raised $15 million to grow its lending and financing platform. Since its launch in 2020, Momnt has expanded its presence in the...

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Home Trust Offers Mortgage Clients Digital Banking Via Platform
Home Trust Offers Mortgage Clients Digital Banking Via Platform
September 05, 2023  |  Real Estate

FinTech firm ebankIT, in collaboration with Home Trust, launched a digital platform to offer seamless and integrated user experiences to Home Trust’s mortgage clients, according...

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Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
August 29, 2023  |  SMBs

Small- to medium-sized businesses are tough. “It’s a resilient sector made up of business segments that are seeing strong growth,” Hicham Oudghiri, co-founder and CEO of Enigma...

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