Robinhood now offers stock lending for British customers, part of the platform’s ongoing U.K. expansion. Introduced Wednesday (Sept. 4), the offering lets customers lend out any fully paid stock in their portfolio, with Robinhood taking care of finding interested borrowers. “Stock Lending is another innovative way for...
Australian lender Elepay has introduced its latest pay-later solution for property owners. The Brisbane-based company’s 180-day offering, announced in a news release Tuesday (Sept. 3), is designed to allow property owners to capitalize on their property’s value before selling without having to worry about upfront expenses. “The 180-day Pay...
The Reserve Bank of India (RBI) plans to launch a technology platform designed to enable frictionless credit, especially for small- to medium-sized businesses (SMBs). The RBI began piloting the platform — which it plans to name the “Unified Lending Interface (ULI)” — in 2023 and...
Consumers’ total outstanding credit increased by $8.9 billion in June, with a rise in non-revolving credit partially offset by a decline in revolving credit. Non-revolving credit increased by $10.6 billion during the month, while revolving credit declined by $1.7 billion, the Federal Reserve said Wednesday (Aug. 7) in...
Brazilian online marketplace Monkey Exchange has reportedly raised $11 million in new funding. As The Brazil Journal reported, the financing comes at a pivotal moment for the company, whose marketplace anticipates receivables from suppliers of large companies. New regulations, the report said, are expected to...
Swivel is now enabling its credit union and community bank clients to accept loan payments through Apple Pay. The FinTech has integrated its transaction enablement solutions with Apple Pay, Swivel said in a Thursday (July 25) press release. One special feature of Swivel’s integration with Apple Pay is...
Credit score solutions company SavvyMoney has debuted an offer automation tool for financial institutions (FIs). The offering, dubbed “Get My Rate,” is the first personalized offer automation tool created specifically for FIs, the company said in a news release Monday (July 22). “Unlike other conventional,...
Discover Financial Services plans to sell its $10.1 billion private student loan portfolio. The company’s Discover Bank entered into an agreement to sell the portfolio to one or more strategic partnerships made up of funds and accounts managed by global investment firms Carlyle and KKR, Discover said in a Wednesday...
eBay teamed with embedded finance platform Liberis to offer sellers working capital. Business Cash Advance is designed to provide eligible eBay sellers in the United States up to $1 million in working capital in as little as 24 hours, according to a Wednesday (July 10)...
