PYMNTS-MonitorEdge-May-2024

P2P lending

P2P becomes a bigger part of peoples’ daily lives, the coming year will bring the challenges of earning more revenue from those services, and persuading a broader group of consumers to use these digital payment methods.

UK Regulators Taking Very Close Look At P2P Lending
UK Regulators Taking Very Close Look At P2P Lending
July 31, 2018  |  Alternative Finances

The P2P lending market is big business in the U.K. According to the U.K. Peer-to-Peer Finance Association (P2PFA), a self-regulating P2P industry group that includes...

READ MORE >
Toss Raises $40M In New Round Of VC Funding
Toss Raises $40M In New Round Of VC Funding
June 18, 2018  |  Mobile Payments

Viva Republica, Korea’s FinTech startup and maker of financial services app Toss, announced  Monday (June 18) it has completed a $40 million round of funding...

READ MORE >
Ripio CEO: Reinventing P2P Lending With The Blockchain
Ripio CEO: Reinventing P2P Lending With The Blockchain
May 08, 2018  |  Alternative Finances

Ripio has had more than one name in its evolution as a firm – but only a single goal. Originally known as BitPagos at launch,...

READ MORE >
FinTechs Give Banks A Wake-Up Call With Loan Disbursements
FinTechs Give Banks A Wake-Up Call With Loan Disbursements
August 30, 2017  |  Disbursements

Will SMBs seeking loans for expansion and growth dump traditional banks for alternative lending services that can quickly approve applications and disburse funds? For the...

READ MORE >
NEW REPORT: Faster Disbursement Services From Alt-Lending Players Put Banks On Notice
NEW REPORT: Faster Disbursement Services From Alt-Lending Players Put Banks On Notice
August 29, 2017  |  Disbursements

Another month, another nail in the paper check’s coffin thanks to new disbursement solutions. But don’t bother to send flowers or plan a memorial service...

READ MORE >
Misys Helps Banks Play The Alt-Lending Game
Misys Helps Banks Play The Alt-Lending Game
January 18, 2017  |  B2B Payments

Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan. 17). The financial technology firm revealed it will offer banks...

READ MORE >
Beijing Starts Prosecuting Individuals Behind Huge P2P Lending Scam
Beijing Starts Prosecuting Individuals Behind Huge P2P Lending Scam
December 19, 2016  |  International

Beijing has started prosecuting 26 people who are behind what is alleged to be China’s largest online fraud scam. According to a report by Reuters, the...

READ MORE >
Prosper Shutting Down Secondary Market For Loans Later In October
Prosper Shutting Down Secondary Market For Loans Later In October
October 04, 2016  |  Alternative Finances

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. According to a report, which cited an...

READ MORE >