Search Results for: lending apps

May 10, 2025 @ 11:26 am By Michael Wong  |  

Filipinos spent approximately 1.54 billion seconds — or about 49 years — using non-bank digital lending applications in 2024, according to new analysis released by digital lender Digido. The study examined activity across 47 digital lending apps registered with the Securities and Exchange Commission (SEC),… Read More

December 20, 2024 @ 7:45 pm By Michael Wong  |  

The Indian government is set to introduce a comprehensive legislative framework aimed at curbing the rise of illegal lending applications, the New Indian Express reported. The Department of Financial Services under the Ministry of Finance has drafted a bill that imposes severe penalties on individuals… Read More

March 31, 2024 @ 2:18 pm By Michael Wong  |  

The Reserve Bank of India is contemplating the establishment of the Digital India Trust Agency (DIGITA) in a move to combat the escalating cyber fraud. This initiative aims to clamp down on the proliferation of illicit lending applications by instituting a verification system for digital… Read More

July 8, 2023 @ 3:23 pm By Omar Faridi  |  

Apple has reportedly removed several malicous lending apps targeting unsuspecting users in India. The apps had allegedly used unethical methods in order to collect repayments, like threatening to send deepfake nudes to the borrowers’ personal contacts. In the last week, Apple (NASDAQ:AAPL) has removed various… Read More

December 24, 2020 @ 6:52 pm By Omar Faridi  |  

The financial sector is undergoing major technological advancements and changes. Traditional banking institutions now face a lot of competition from online or digital startups that have no physical branches. Social media and other online platforms are branching out into payments and credit. The rise in… Read More

May 16, 2025 @ 5:53 pm By Omar Faridi  |  

Alpaca, an API-first stock and crypto brokerage platform, announced the launch of its Fully Paid Securities Lending (FPSL) program for its Broker API, marking a significant milestone in its mission to democratize access to financial services. This offering enables Alpaca’s fintech partners to diversify revenue… Read More

May 3, 2025 @ 10:22 am By Michael Wong  |  

Vietnam will begin a two-year regulatory sandbox for selected fintech services, including peer-to-peer (P2P) lending, credit scoring, and open banking data sharing, starting July 1, under a government decree issued earlier this week. Decree 94, released on April 29, establishes a controlled testing environment for… Read More

January 8, 2025 @ 8:35 pm By Omar Faridi  |  

Ripple is now leveraging the Chainlink standard to bring high-quality pricing data around the Ripple USD (RLUSD) stablecoin onchain. RLUSD is described as an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripple’s years of “experience working with crypto and the existing financial… Read More

January 1, 2025 @ 6:19 am By Omar Faridi  |  

Aditya Birla Capital Limited (ABCL) has announced a new milestone by becoming the first BFSI company to “go live” on all three core financial services – lending, insurance, and mutual fund investments, available on the Open Network for Digital Commerce (ONDC) platform. This latest development… Read More

November 27, 2024 @ 10:26 am By JD Alois  |  

OpenTrade has closed on a $4 million “Seed extension round” as it seeks to build out real-world asset-backed lending and stablecoin yield products. The funding was led by AlbionVC, with a16z Crypto and CMCC Global returning as investors. OpenTrade explains that its services aim to… Read More

October 18, 2024 @ 8:04 am By JD Alois  |  

Apple (NASDAQ:AAPL) has issued a statement in recognition of ten years of Apple Pay. In many respects Apple is one of the largest Fintechs in the world due to its global reach and ubiquitous nature of its products – most importantly the iPhone. Apple  reported… Read More

June 8, 2024 @ 6:34 pm By Michael Wong  |  

Filipinos’ reliance on digital financial services intensified in 2023, with users spending a cumulative 1.3 billion seconds, or 42 years, on digital lending applications, marking a 37-percent surge from the previous year, a report by consumer credit service Digido revealed. According to the study, personal… Read More

January 8, 2024 @ 8:41 am By Omar Faridi  |  

Everything that Plaid is building together is part of a “bigger picture” which includes helping millions find financial freedom. As Plaid and its team prepares for 2024, they’ve taken a look back at what they consider to be the year’s biggest highlights and what they’ve… Read More

December 20, 2023 @ 10:04 pm By Michael Wong  |  

A new survey has highlighted a growing trend among Indian consumers towards using digital services for loans and financial transactions, coupled with a significant lack of awareness about data privacy. According to Home Credit India’s ‘How India Borrows Survey 2023’, only 18% of borrowers surveyed… Read More

November 27, 2023 @ 5:05 pm By Omar Faridi  |  

It’s not just Millennials and Gen Z with do-it-yourself brokerage accounts “driving the trend toward increased use of digital wealth management tools; the digital channel has become central to the client experience for all types of investors, with mobile apps leading the way.” According to… Read More

November 19, 2023 @ 9:39 pm By Omar Faridi  |  

Morpho, a decentralized lending protocol, has joined the Ledger Live app, enabling users to access optimized crypto lending and borrowing rates through Ledger’s secure ecosystem. Morpho is a peer-to-peer layer built “on top of lending pools like Compound or Aave, designed to improve the capital… Read More

November 18, 2023 @ 12:08 pm By Michael Wong  |  

Fintech lending is expected to surpass traditional banking by 2030, according to a recent report by the Centre for Advanced Financial Research and Learning (CAFRAL). The forecast by CAFRAL, an independent body established by the Reserve Bank of India (RBI) in 2011, underscores the profound… Read More

October 27, 2023 @ 12:49 pm By Omar Faridi  |  

We recently spoke with Markus Prommik, CEO and Co-founder of Finfra, a Fintech platform that develops white-labeled lending products for non-Fintech companies seeking to integrate financial services into their platforms. Based in Jakarta, Indonesia, Finfra not only provides practical embedded lending solutions to their clients… Read More

October 3, 2023 @ 4:07 pm By JD Alois  |  

LendingClub (NYSE:LC), the only pure-play digital bank that is publicly traded, is bouncing along its 52-week low as its shares troll under $6. Of course, the market is sinking today across the board as the reality of longer for higher sinks in. That – and… Read More

September 18, 2023 @ 11:52 am By Omar Faridi  |  

The unstable financial markets in the United States during the past few years have people keeping a wary eye on their retirement accounts and, increasingly, they are doing so via mobile apps, the team at J.D. Power notes. According to the J.D. Power 2023 U.S…. Read More