Scotland's peer-to-peer lending platform Lending Crowd announced on Wednesday, July 3, it will be partnering with the leading provider of standardised loan performance data, Brismo. According to reports, the recent deal was created to bring even greater performance metrics for...
Technology is currently transforming the U.S. lending industry, according to two of America's leading business research firms. Thanks to these advancements, borrowers are now getting the best experience when they are applying for loans.
More Efficient Service
According to a McKinsey...
Australians looking to get housing loans can now apply for a more substantial mortgage with the relaxation of the Australian Prudential Regulation Authority (APRA) rules, ABC News reports. The new regulations decreased the mortgage rate, placing it at the...
Peer-to-peer (P2P) lending is set to be worth nearly $900 billion in 2024, according to a report by Transparency Market Research (TMR). TMR attributed the boom of the P2P lending industry on the advancement of technology, the aftermath of...
Climate change spurs a foreclosure crisis, which poses a threat to the mortgage industry, according to a mortgage expert. Extreme weather and other natural calamities are now occurring frequently. Ed Delgado, CEO of the Five Star, a national mortgage...
The Bangko Sentral ng Pilipinas has revealed it is willing to help other Philippine banks comply with the mandated threshold set by the Republic Act 10000 or the Agri-Agra Reform Credit Act of 2009 by expanding the list of...
Deutsche Bank recently announced it would exit global sales and trading of equities and reduce operations of its investment banking. It will also cut down 18,000 jobs by 2022.
The bank announced the move is part of its massive restructuring...
The cryptocurrency lending company SALT announced its decision to add Dash for collateral options on Tuesday, April 9, as reported by Crypto-Economy. This will allow their users to collateralize their digital currency holdings and Masternode for loans.
In a Medium...
JPMorgan Chase CEO Jamie Dimon said student lending has been hurting America since 2010.
Dimon is criticizing the government for issuing $1 trillion student loans and that colleges and universities must have their own loans that students can take.
In an...
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,...
