Chinese giants Tencent and Ant Financial have found value in the buy now pay later industry with the companies buying...
Online consumer lender Upstart has reportedly set out to raise $100mn in their latest fundraising round; the round would put the valuation north of $500mn and upwards of $1bn; the company did not confirm the American Banker report but did say they anticipate completing a finals round in the next year; the company reach profitability last year and the value of loan transactions increased threefold according to a spokeswoman. Source.
There is likely no one alive who has witnessed this level of economic disruption in this country in such a...
[Editor’s note: This article was written for our Chinese audience and will be translated into Mandarin and released with...
The CEO and Co-Founder of Pagaya, Gal Krubiner, discusses AI-powered lending models and how it is helping consumers and lenders alike.
PNC Financial Services Group is looking to launch a national consumer lending product through their mobile app and new branches; they plan to launch into new markets with branches in Minneapolis, Dallas, Kansan City and more; “We're going there to be there with our full-service capabilities, patiently banking the clients that we ultimately want to bank,” Chairman and CEO William Demchak said this week; the new plans will take place in 2018. Source.
Fintechs looking to achieve or maintain stability in 2024 need to focus of three key areas: cost discipline, measured growth and regulatory compliance.
On Tuesday, Dec. 21, LendIt fintech announced finalists for the 5th annual LendIt Fintech Industry Awards to celebrate the top fintech influencers and innovators across 14 categories.
PayU is a largest payments processor in India and it is continuing its moves into lending in that country with...
Digital bank Varo Money has made the decision to shut down their consumer lending division; Business Insider reports “With the...