The existence of cryptocurrencies could result in the disappearance of lending services offered by traditional banks, said Sir Jon Cunliffe, the deputy governor of the Bank of England. Bitcoin News reported that Cunliffe believes that stablecoins and cryptocurrencies will...
Digital lending platform Sezzle recently agreed to pay a fine of $28,200 and refund a total of $282,000 in exchange for a license to operate in California, said PYMNTS. This comes after the company decided to be monitored by...
Besides credit scores, lenders are now utilizing other unconventional criteria for issuing loans—magazine subscriptions and phone bills. Companies like Goldman Sachs and Ally Financial are said to be experimenting with new metrics to approve loan applications. Considering the fact that...
Korean tech giant Samsung launched its digital lending platform called Samsung Finance+ in India on Thursday, Sept 26. According to a report from Reuters, the financing product was engineered to help boost Galaxy smartphone sales in the South Asian...
In a bid to expand its national footage, mortgage lender Nations Lending announced Monday, Feb 10, the opening of its new branch located in Virginia Beach, VA, along with the appointment of its new branch manager.  In a press release, the U.S. lender named...
The Reserve Bank of New York released on Monday a survey that showed an increase in auto loan rejection in the United States. Compared to last year’s car loan rejection, the increase was massive at 7.1 percent from 6.1% in...
A group of four Kenyan banks launched the mobile lending platform Stawi. The lending app reportedly provides loans ranging from Ksh. 30,000 to Ksh. 250,000. The four banks which launched Stawi are the Cooperative Bank, the Diamond Trust Bank, the...
The United Kingdom is slated to launch a new recovery loan scheme for companies on Tuesday, April 6, 2021. The new loan scheme is backed by the government of Britain and aims to help businesses gain access to a...
ZestFinance has recently announced its new technology, ZAML Fair. This new software launched by the company makes use of artificial intelligence (AI) to help in the company’s lending practices and processes, allowing them to lessen lending discrimination. Throughout many years,...
The United States government, which decided to forgive pandemic loan under the Paycheck Protection Program (PPP), has started to waive payments, said Reuters. This comes in light of complaints and warnings from various parties. The $525 billion-relief plan aimed to...

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