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

Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
August 28, 2024  |  SMBs

Citigroup is reportedly looking to increase its revenue by adding smaller clients. Traditionally known for serving only the largest clients, the bank has expanded its...

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Sezzle Teams With Liberis on Small Business Funding Program
Sezzle Teams With Liberis on Small Business Funding Program
August 28, 2024  |  SMBs

Buy now, pay later (BNPL) firm Sezzle and embedded finance platform Liberis teamed to help American small businesses get funded. The partnership is centered around...

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Reserve Bank of India to Launch Lending Platform
Reserve Bank of India to Launch Lending Platform
August 26, 2024  |  Loans

The Reserve Bank of India (RBI) plans to launch a technology platform designed to enable frictionless credit, especially for small- to medium-sized businesses (SMBs). The...

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CFPB Launches Beta Platform for Small Business Lending Data Collection
CFPB Launches Beta Platform for Small Business Lending Data Collection
August 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) launched a beta platform for the small business lending data collection rule under section 1071 of the Dodd-Frank Act....

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Amount CEO: What It Means to Be a FinTech Circa 2024
Amount CEO: What It Means to Be a FinTech Circa 2024
August 26, 2024  |  Opinion

FinTechs must stay vigilant, dynamic and innovative to best serve financial institutions, Amount CEO Adam Hughes writes in a new PYMNTS eBook, “Beyond the Horizon:...

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CFPB to Issue FAQs Helping BNPL Lenders Comply With Laws
CFPB to Issue FAQs Helping BNPL Lenders Comply With Laws
August 23, 2024  |  BNPL

Buy now, pay later (BNPL) lenders will soon be able to access a set of frequently asked questions (FAQs) to help them comply with federal...

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White House Working Capital Program Targets Small Business Stability Through 2027
White House Working Capital Program Targets Small Business Stability Through 2027
August 15, 2024  |  SMBs

Access to working capital is critical for the survival and growth of small businesses. And with the news from the National Federation of Independent Business...

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Debt Consolidation FinTech Tally Shuts Down Amid Funding Drought
Debt Consolidation FinTech Tally Shuts Down Amid Funding Drought
August 14, 2024  |  Debt

On its face, the shuttering of Tally, a FinTech focused on helping consumers manage credit card debt, offers a snapshot of how tough fundraising is...

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Mastercard Debuts Enhancements to Open Banking Program
Mastercard Debuts Enhancements to Open Banking Program
August 13, 2024  |  Mastercard

Mastercard is upgrading its open banking for lending program, powered by employment/income verifier Argyle. The new features, announced Tuesday (Aug. 13), lets Mastercard offer income...

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