Clik here to view.
Inside Affirm’s ID Verification And Fraud Prevention Techniques
Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm, a point-of-sale installment lender established...
View ArticleWidening Borrower Protection’s Scope To SMBs
Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of...
View ArticleClik here to view.
Enova To Buy OnDeck In $90M Stock And Cash Deal
Enova International plans to acquire online small-business lender OnDeck for some $90 million in cash and stock. “This strategic transaction, which brings together two FinTech leaders, is a great...
View ArticleClik here to view.
Online Loans Confound Experts With Lower-Than-Expected Impairments
Personal, unsecured loans issued through online lenders like Best Egg, LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. But new figures from data-crunching firm...
View ArticleClik here to view.
Coinbase Kills Lend Product Amid SEC Ire
Following lawsuit threats by the Security and Exchange Commission (SEC), Coinbase is killing its proposed loan product Coinbase Lend and its associated waitlist. “Our goal is to create great products...
View ArticleClik here to view.
Paytm Lending Unit Paying Off with Record Gains
Digital payments service Paytm has been taking a hit lately, with negative buzz about sliding share prices and widening losses as it closed out 2021. But January is showing a few signs of a rebound as...
View ArticleClik here to view.
AI Helps Banks Protect Small Businesses as They Become More Digital
Digitization of small- to medium-sized business (SMB) banking is a double-edged sword. Sandip Nayak, chief AI and insights officer at Amount, told PYMNTS that financial services modernization could...
View ArticleClik here to view.
Citi’s SMB Lending Platform Targets Corporate Suppliers
As banking relationships evolve, bank offerings are transforming alongside them. This, as Rohit Mathur, head of Bridge built by Citi, tells PYMNTS CEO Karen Webster that the needs of small and...
View ArticleCFPB Bans Enova From Offering Certain Consumer Loans
The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans and required it to tie...
View ArticleEnova Reports Charge-Offs Rise, Return to Pre-Pandemic Seasonal Patterns
Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Compared to the same quarter a year earlier, the online lender’s charge-offs increased by...
View Article
