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Alternative loans We hear from industry leaders in alternative lending about what we can expect over the next 12 months as the pandemic continues to bite. Image source: Photo by Anna Shvets from PexelsThe global pandemic has brought…

OnDeck, the once high-flying online lender, is being sold to Enova in what amounts to a fire sale. Getty OnDeck, the once high-flying online lender that has fallen on hard times made worse by the COVID-19…

MUMBAI (Reuters) - Alphabet Inc's Google has removed some lending apps aimed at Indian consumers from the Play Store in a bid to protect users, it said in a blog post on Thursday.FILE PHOTO: The logo of Google is seen on a building in the…

FILE PHOTO: A man rides an electric bicycle in front of the China Banking and Insurance Regulatory Commission (CBIRC) building in Beijing, China February 14, 2019. REUTERS/StringerBEIJING (Reuters) - China's banking and insurance regulator…

BizCapital, a Brazil-based online lender, has raised $12m from a group of investors including German development finance institution, MercadoLibre's corporate venture capital fund and existing investors Quona Capital, Monashees, Chromo…

Ant Group, Tencent and JD.com are facing a crackdown from Beijing over fears of excessive consumer lending through their platforms, a major cash cow for the Chinese tech giants. The three companies, along with others, will now have to share…

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. Hong Kong, March 03, 2021 (GLOBE NEWSWIRE) -- Moxian, Inc. (“Moxian” or the “Company”) (MOXC), a provider of…

Details By IntegriShield February 19, 2021…

TrueLayer, the London-based tech startup that builds financial apps for banking and payment solutions, has partnered with Wombat to provide payment APIs on investment accounts. The SaaS platform uses a toolkit to create specialized…

AUSTIN, TX and SAN FRANCISCO, February 24, 2021 /PRNewswire/ -- A subsidiary of Peak Rock Capital LLC ("Peak Rock"), a leading middle-market private investment firm, today announced that it has partnered with Neptune Financial (" NepFin”)…

“My Sesame credit rating hasn't changed in three months,” Jiwei lamented, his voice betraying both bewilderment and frustration.Jiwei — to protect the identity of my research…

“Fintech is basically if Wall Street and Silicon Valley had a child,” said Jeff Hauser, director of the Revolving Door Project, a progressive advocacy group. "Over time, if they get too strong in these unregulated areas, they will take…

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The fintech industry has come a long way in a short time. Although fintech has been around for decades, I think we can all agree that over the past few years it has really come of age. And since the coinage of…

2018 has been a roller coaster of change and development in key industries such as technology, finance, healthcare, retail and enterprise. For this year, here are the 10 business trends that will be followed. Marketing and business1.…

One would assume that an online lender like LendingClub Corp (NYSE: LC) verifies borrower income in 100% of transactions. But that's not even close to the case, according to Bloomberg's report. LendingClub verified income about…

The United States has the dollar, while Great Britain has the pound. We have a president, and they have a queen.Now add one more item to the list of differences between the two closely linked nations: the US has loans in the market, a…

Opinions expressed by Contractor the contributors are theirs. After six years together, Matt Milsap popped the big question to girlfriend Amanda Cambra on Sept. 21 at their home in Bethel, Connecticut.…

Today, according to the Pew Research Center, more than 50 million American adults are mobile-only consumers. This shift has fundamentally changed consumer preferences and led to new consumer behaviors that…

AdvertisingOver the weekend, the United States and China declared a ceasefire in their escalating trade dispute. Both parties have agreed to suspend tariffs while negotiations continue. Although China has made vague promises to reduce its…

When it comes to Fintech, it seems like the flower is finally breaking away from the rose. Once the hottest industry, fintech has seen its fair share of failures and struggles lately. Everyone from online lenders to banking…

WASHINGTON — A day before Consumer Financial Protection Bureau Director Kathy Kraninger will testify before the House Financial Services Committee, House Democrats introduced legislation to reverse efforts to weaken the agency by his…

WASHINGTON — During her appearance before the House Financial Services Committee on Thursday, Consumer Financial Protection Bureau Director Kathy Kraninger gave the panel's Democratic majority little assurance that she would reverse the…

In his final days in office, the biggest names in American business are dumping President Donald Trump on charges he instigated last week's deadly mob attack on the US Capitol.Twitter kicked the president out of the platform he relied on to…

A recent age discrimination lawsuit against a regional bank holds lessons for bankers and trustees who may face tricky questions about succession planning.In a lawsuit filed last month in the Hamilton County Court of Pleas in Ohio, a former…

Photo credit: Kerkez - Getty ImagesCybercriminals have been quick to exploit the increase in online shopping in the wake of the pandemic and lockdowns, and unfortunately, now that Christmas is approaching, scams are on the rise.The main…

Following the Yes Bank crisis, the Reserve Bank of India (RBI) stepped in to restore confidence in private banks. After its action against Yes Bank, the central bank noticed that some state governments had advised their bodies to transfer…

Has the Lending Club debacle taught the alternative lending industry anything? Perhaps, but the lesson is not that players should abandon the market. The market's lending space continued to expand, even after the fallout from the Lending…

Pacific silver | Economy | East Asia The Chinese government continues to add oversight and structure to this rapidly growing industry.…

Austin Capital Bank, a Texas-based institution with $71.4 million in assets, will lend to a new online consumer lending platform called Self Lender, the two companies announced.Denver-based Self Lender markets loans it says will strengthen…

Online lending platform Kabbage says it is seeing more mobile lending, more women and minority-owned businesses seeking loans, and more businesses from rural and low-to-middle income communities as well.Small Business Trends reached out to…

As regulators crack down in China, FinTech executives are scrambling for capital and trying to plan for their future, Bloomberg reported Wednesday (November 25). Jack Ma's Ant Group, once poised to be the future of finance in the country,…

As the Office of the Comptroller of the Currency continues to focus on granting bank charters to fintech firms, some pundits have disrupted the debate over non-traditional bank owners by saying a different agency should be in charge. .Last…

That sound, and the graph above *, is the growth in online lending in the UK that has all but come to a halt. Overall, the Big Five have not grown significantly since around September 2015; the smaller players are pretty much where…

A recap of yesterday's webinar on how fintech lenders are responding to the small business crisisMarch 27, 2020 By Ryan lichtenwald 1 comment Views : 636 Small businesses are the lifeblood of America and so many of…

As the country continues to fight the COVID-19 pandemic, several vaccines are now available, revealing a light at the end of the lonely tunnel. However, not all citizens will be vaccinated. Mechanical contractors will need to continue…

Famous Chinese businessman and one of the richest men in the world, Jack Ma (Ma Yun) has not been seen in public for weeks wondering where he is.He also disappeared from his reality TV show, Africa's Business Heroes, and was replaced by an…

BEIJING (Reuters) - China's banking and insurance regulator on Saturday released draft rules on commercial banks' online lending activities, prohibiting the use of such loans for riskier investments and capping consumer credit online…

Ant Group UpdatesSign up for myFT Daily Digest to be the first to know about Ant Group news. Beijing is speeding up plans to bring Jack Ma's Ant group more closely under its control as part of a "rectification" campaign…

I was finally able to conclude my quarterly performance report for the fourth quarter of last year. I shared my detail quarterly returns with readers since 2011 and will continue to do so for the foreseeable future. Given the turmoil we…

from China Group of ants reportedly intends to create a new consumer finance company that would allow the company to consolidate its base in the country's online lending industry. Meanwhile, Ant - what a Chinese giant Alibaba Holding Group…

Atari, seeking to capitalize on the popularity of non-fungible tokens (NFTs), plans to open a casino in the coming months, according to a report by Business time. The casino was developed in partnership with the Decentralized games on the…

OAKLAND, Calif .-- (COMMERCIAL THREAD) -LENDonate, an Oakland-based fintech company, announced another customer success, this one amid the COVID-19 pandemic. LENDonate's nonprofit lending platform helped secure a $ 29 million loan…

Fintech updatesSign up for myFT Daily Digest to be the first to know about FinTech news. A senior official at China's banking regulator warned that technological advances in the financial sector risked creating monopolies,…

Digital mortgage platform provides services to manage the borrowing process. Digital Mortgage Platform aims to simplify, automate and standardize training, underwriting, quality assurance and customer support processes. This enables…

By Karen Epper Hoffman Mmore than any other event in decades, the ubiquitous COVID-19 virus and its fallout this year has changed every element of people's lives - from the way they work, where they eat and shop, how they…

Band Richard Cowan…