You have searched for "borrowers"

Showing 1-10 of 41

Sort by: Newest | Oldest | Relevance

TECH 13 Jun 2016 | 3:45 AM

Latest threat to online lenders: "stacking" of multiple loans

Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters.

TECH 01 Feb 2018 | 5:00 AM

Alibaba-backed online lender MYbank owes cost-savings to home-made tech

It has no physical branches or expensive foreign software, and uses cloud technology to cut back on the hardware it needs to serve borrowers.

Technology 11 Jun 2015 | 4:26 PM

Automated lenders threaten to eat banks' lunch

When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down.

TECH 06 Feb 2014 | 11:23 AM

The Bank of Tetris? Finance gets videogame revamp

Imagine if getting a bank loan was like playing a computer game: as you performed special moves, completed levels and racked up points, your credit profile improved and your cost of borrowing dropped.

TECH 07 Apr 2015 | 6:30 AM

Peer-to-peer lending surges in US, challenging traditional banks

Josh Smith, a 30-year-old blogger on finance, was in the midst of a career change in 2009 when he sought to refinance US$8,000 (RM29,031) in credit card debt.