Lending

Klarna has agreed to acquire Italian fintech Moneymour as part of an innovation push to counter rivals in the popular point of sale credit market.

Point of sale credit is a popular option, and Visa has followed its investment in Klarna by financially backing ChargeAfter.

Unsecured debt – either closed-end or revolving – could be a bright spot as other loan categories slow, but new entrants and other factors could create challenges in the year ahead.

Year to date Sep. 30, 2019. Dollars in thousands.

Shifting to a seamless, customer-centric automation strategy can help credit unions better compete with the big banks while also meeting consumer expectations set by the likes of Amazon, Uber and more.

Breaking into the POS credit market is nearly impossible for payment companies without cooperation, says Jifiti's Nufar Segal.

Companies that scored highest in this year’s Best Fintechs to Work For (a ranking compiled by our parent company, Arizent) go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.

Companies that scored highest in this year’s Best Fintechs to Work For ranking go beyond the basics of strong pay packages, generous benefits and effective leadership to take a more holistic interest in their employees’ lives, according to the data.

Kabbage Inc. is offering tailored loans to small businesses that have unexpected cash flow needs, hoping to grab a wider share of its clients' relationships.

At a recent congressional hearing, OCC chief Joseph Otting showed just how far he might go in allowing reinvestment credits to lenders.

The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime.

On Sep. 30, 2019. Dollars in thousands.

Data from the Credit Union National Association indicates the rule has decreased lending and increased costs as institutions work to stay compliant.

If credit union lenders and underwriters aren't working collaboratively, they could be hindering growth opportunities.

Fears that the New York banking giant’s consumer lending product could cut into a key credit union market appear to have been overblown.

Roughly 55% of Michiganders belong to a credit union but growth rates in the state continue to slow.

The Plano, Texas-based corporate credit union closed out the decade with a new milestone.

The big acquisitions of 2019 have created an environment for more deals to come, says FICO's Tim VanTassel.

With loan volumes slowing across the industry, some say a focus on loans for renewable energy could be one way for credit unions to pick up some of the slack.

Big picture the industry is doing well, but at the median, lending and membership are flagging even as deposits and assets rise.