18 articles
A commercial borrower’s finances keep changing after a loan is approved, as invoices are collected, inventory is purchased and payroll comes due. Continuous underwriting brings that activity into the purview…
SoFi’s financial services business is gaining momentum even as interest rates move in a direction the company didn’t anticipate, according to the company’s third-quarter earnings call Tuesday (Oct. 27). The…
Mastercard has launched a creator-focused partnership with YouTube superstar MrBeast. This effort will see Mastercard and MrBeast’s Beast Industries collaborate on new consumer and creator co-brand card programs, experiences and…
Subprime consumers continue paying their credit cards even as many struggle to cover everyday bills. PYMNTS Intelligence’s May report, “Who Is the Subprime Consumer? A Behavioral Profile,” found that 55%…
FinTech Revolut debuted its first credit product since becoming a licensed United Kingdom bank, according to a Monday (Oct. 26) press release provided to PYMNTS. The company’s unsecured personal loans…
Pay later providers competing on monthly payment size, total cost and interest-free terms face different definitions of an attractive offer — even among households with children. Monthly payment amount is…
Cognitive Credit, a provider of specialist data, infrastructure and artificial intelligence solutions for global corporate credit markets, secured a $40 million strategic growth investment to accelerate its commercial expansion in…
The credit score has a strange blind spot. It knows a lot about the borrower and almost nothing about what the borrower is about to buy. And as latest installment…
Credit card delinquencies crept up in September, while net charge-offs declined, according to the latest edition of Seeking Alpha’s Credit Pulse, released Thursday (Oct. 22). This report tracks monthly delinquency and…
The U.S. mortgage market has “weakened meaningfully” since July, though the rest of the U.S. market remains as healthy as it was, Equifax Chief Financial Officer and Chief Operations Officer…
Employers know exactly what their health plan costs. What they usually don’t know is what it costs them when an employee needs care and doesn’t get it because a credit…
As FinTechs scale, they bring banks more deposits, loans, transactions and fees while gaining more choice over which institutions provide the funding and infrastructure behind them. Upgrade facilitated more than…
Equifax now offers consumer-permissioned financial insights enabled via Mastercard Open Finance alongside the Equifax consumer credit file, the company said in a Friday (Oct. 16) press release. Equifax customers can…
A small business can have a warehouse full of merchandise, a growing order book and packages moving toward customers, and still struggle to qualify for financing. The problem isn’t that…
Auto lenders are entering a period in which collections performance will depend on more than identifying borrowers who are falling behind. They also must account for what happens between the…
FinTech Bakkt turned to Thredd to launch a card-as-a-service program in the United States designed to settle in stablecoins, according to a Tuesday (Oct. 13) press release. The partnership will…
PayJoy, a financial service provider for underserved consumers in emerging markets, has acquired Mexican FinTech Finia. The deal is designed to let PayJoy apply Finia’s technology and expertise to its platform,…
Running short of money before the next paycheck can force a consumer into making choices: let the checking account go negative, delay a bill, carry a card balance or seek…
