loans

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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41% of Latin America Middle Market CFOs Tap Working Capital to Fund Growth
41% of Latin America Middle Market CFOs Tap Working Capital to Fund Growth
January 31, 2024  |  Business

Latin America and Caribbean (LAC) growth corporates, commonly referred to as middle market firms, are setting the pace when it comes to the strategic use...

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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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Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
January 25, 2024  |  Earnings

Card delinquencies and charge-offs offer evidence of consumers struggling to meet their financial obligations. And credit card balances and delinquencies have been rising as consumer...

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Letters of Credit Still Relevant for Mid-Market Firms’ Working Capital Needs
Letters of Credit Still Relevant for Mid-Market Firms’ Working Capital Needs
January 25, 2024  |  Loans

The adoption of external working capital solutions continues to be widespread globally among growth corporates, commonly known as middle-market firms. This practice has enabled companies...

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