APRA says competition lacking in SME lending

The prudential regulator says competition is lacking in small business lending, suggesting it could use reforms … in the number of innovative financiers such as peer-to-peer or marketplace lenders,” the Australian Prudential Regulation Authority said...

FinTech Lending: A Trojan Horse for Small Businesses?

With an estimated $29.1 billion in online loans originated in the US market by alternative lenders in 2015 alone, marketplace lending has emerged as one of the fastest-growing areas of the credit universe. Undoubtedly, lending startups serving the small …Powered...

CFPB’s No-Action Letter Is (Mostly) a Positive Action

The No-Action Letter was requested by and issued to Upstart Network, Inc., an online marketplace lending platform. Under the No-Action Letter, the CFPB states that it “has no present intention” to recommend an enforcement or supervisory action against …Powered...

Banking On APIs For B2B Innovation

By moving to an API-first approach, Isaacson said, Cross River stands to draw the attention of more tech-savvy customers who are seeking faster payment processing capabilities from their financial … to APIs for their own innovations.Powered by...