Korean tech giant Samsung launched its digital lending platform called Samsung Finance+ in India on Thursday, Sept 26. According to a report from Reuters, the financing product was engineered to help boost Galaxy smartphone sales in the South Asian...
The Securities and Exchange Commission (SEC) recently moved to shut down 11 more mobile lending applications in the Philippines. The decision to close down these apps follows after numerous complaints against the companies involved.
According to ABS-CBN News, 11 institutions...
Consumers who borrowed from credit cards declined to 3.3 per cent, according to the industry body UK Finance.
Since July this year, the amount of people borrowing through credit cards has dropped, considered the lowest rate since February 2015. The...
About 150,000 Thomas Cook passengers were stranded in different airports overseas after an announcement was made that the tour operator will be going out of business.
After the notice, flights and bookings operated directly by the agency were all canceled....
Multi-state lender Planet Home Lending has named Muthu Srinivasan as its new chief technology officer (CTO) and Jeffrey Ratter as the new chief information officer (CIO).
As reported by National Mortgage Professional, Srinivasan, the company’s new CTO, presents an impressive...
Besides credit scores, lenders are now utilizing other unconventional criteria for issuing loans—magazine subscriptions and phone bills.
Companies like Goldman Sachs and Ally Financial are said to be experimenting with new metrics to approve loan applications. Considering the fact that...
The declining demand for peer-to-peer (P2P) lending in China has prompted firms to find business elsewhere. LearnBonds report that Chinese P2P companies are eyeing Vietnam, which alarmed local lending companies.
P2P lending is a practice that enables borrowers to directly...
The Securities and Exchange Commission (SEC) announced Monday, September 16, it has issued cease and desist orders against 19 online lending applications following unauthorized lending activities and various complaints involving invasion of privacy and harassment.
According to a report from...
Crypto brokerage firm Tagomi recently launched its lending services to the public. The digital-assets brokerage intends to provide traders with easier access to shorting.
According to Bloomberg, Tagomi has now opened it's lending and borrowing services for its clients. Under...
New York-based early-stage company Celsius grew from crypto lending company to a billion-dollar lending business, says CoinDesk. According to digital assets company BitGo, Celsius deposited around $1 billion in cryptocurrencies in 2018. This comes after the firm significantly gained...
