The use of buy now, pay later (BNPL) services has exploded over the past few years, and only now are we beginning to learn the impact of that boom.
The SBA is making updates to its lending program opening the door for fintechs. But much more needs to be done.
'The real power is that AI can actually predict or detect patterns of behavior and suspicious activity that would take a lot longer for traditional methods to uncover.'
Secfi says access to this level of wealth management was previously limited to founders alone, and SecFi brings it to all members.
Hoping to transform the traditionally slow-moving, opaque, and complicated process of the equipment financing market, online small business lender OnDeck...
Neofin goes live in the US with Stately Credit for their no code lending platform.
Advances in embedded lending provide better options for consumers and higher sales with more certainty for merchants. It's a win-win.
The drive to find no-interest credit options during an economic downtown greatly accelerated Buy Now, Pay Later (BNPL) adoption in the U.S. in 2022.
Nearly a full year after purchasing RadiusBank, LendingClub boasted revenue of $262.2M and diluted earnings per share of $0.27.
The UK gig economy is underserved by lenders' traditional affordability assessment. A shift to probability of future income could be key.