In-depth coverage of the latest Lending & Credit developments, trends, and analysis — curated daily.
Community and regional banks are about to get a serious upgrade in their lending capabilities. Jifiti and Peach Finance are joining forces, promising a fully integrated, end-to-end solution.
Parker, a once-hyped fintech for e-commerce businesses, has abruptly filed for bankruptcy, leaving customers in the lurch and raising questions about its banking partners' oversight. This collapse signals deeper issues within the specialized fintech lending space.
Borrowers can buy a latte in seconds but a mortgage still takes weeks. Now, agentic AI is here to change that, promising to turn a weeks-long ordeal into something resembling a digital transaction.
Reports of HSBC halting a massive private credit investment have been swiftly countered by the bank, but lingering questions remain after a significant loss.
Community and regional banks are about to get a serious upgrade in their lending capabilities. Jifiti and Peach Finance are joining forces, promising a fully integrated, end-to-end solution.
Admiral Money is ditching some traditional credit checks for AI-powered insights drawn from open banking data. The move signals a deeper shift in how lenders are assessing risk and, crucially, pricing loans.
Parker, a once-hyped fintech for e-commerce businesses, has abruptly filed for bankruptcy, leaving customers in the lurch and raising questions about its banking partners' oversight. This collapse signals deeper issues within the specialized fintech lending space.
The FCA has dropped new guidance on Kia Motors Finance contract hire. Expectations were high for continued clarity, but this update rewrites the playbook entirely, forcing a re-evaluation of common practices.
The fragile hope for peace in the Middle East evaporated, sending ripples through the financial markets and nudging average mortgage rates upward. Mixed domestic economic signals further complicate the outlook.
Borrowers can buy a latte in seconds but a mortgage still takes weeks. Now, agentic AI is here to change that, promising to turn a weeks-long ordeal into something resembling a digital transaction.
Figure is launching a bold assault on the traditional mortgage market, promising massive cost savings for borrowers by ditching Fannie Mae and Freddie Mac. Their weapon? A blockchain platform promising lightning-fast approvals and near-elimination of origination fees.
The same old problems plague small business lending. Apparently, banks haven't figured out how to move faster. AI might help, but don't hold your breath.
Santander UK just dropped nearly £3 billion to gobble up rival TSB. This isn't just another merger; it's a seismic shift reshaping the British banking landscape and shoving Santander UK firmly into the top tier.
Mike Cagney, the visionary behind SoFi, is back. This time, he's not just reshaping lending; he's rebuilding Wall Street's very infrastructure using blockchain technology. Figure's recent $1 billion month signals a seismic shift.
The days of fintechs playing nice with sponsor banks are fading. Now, they're building their own infrastructure, and the fight for control is on.