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Your data for cash: Indian lending apps force tough choice
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers’ data, underlining the risks to driving financial inclusion with newer technologies.
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.
Chinese borrowers drown in online lending’s ‘bottomless pit’
Telecoms engineer Peng Jiezhao's taste for new smartphones and expensive sneakers seemed like a harmless, if expensive, hobby – until he started borrowing money from Chinese online lending sites to feed it.
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.
Some lending apps thrive on India's Google Play despite policy violations
MUMBAI (Reuters) - At least 10 Indian lending apps on Google's Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such services and more than a dozen users.
Paving the road to recovery
Direct Lending helps make financing simple, safe and affordable to working adults.
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.
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.
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.
Boom or bust? Welcome to the freewheeling world of crypto lending
It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong?
