Lending

2018 was a year of massive growth among financial institutions. While national banks like Goldman Sachs Group Inc. (NYSE: GS) and Wells Fargo & Co. (NYSE: WFC) saw their shares reach new all-time highs, the growth was even more pronounced among regional banks. Shares of ACNB Corporation (NASDAQ...

Loans are a means of funding projects or expenses that borrowers can't afford upfront. By paying back the lump sum through a series of payments with interest, loans can set borrowers up for success in their personal or professional lives when used correctly. They're used to pay for academic...

Chinese fintech company, 360 Finance Inc. has filed to begin trading on the NASDAQ under the ticker symbol “QFIN.” The Details 360 Finance has experienced significant and consistent growth, with a compound quarterly growth rate of 80.4 percent in loan origination and a rate of 90.5...

As an up-and-coming leader in the genre of financial technology, Kabbage allows small businesses to qualify for funding in just 10 minutes through the use of an automated lending platform. What Happened Kabbage is now lending over $10 million per day to small businesses, in congruence with the...

Weeks after fintech personal lender Avant launched a business line to help banks build bespoke personal loan products, small business lender On Deck Capital Inc (NYSE: ONDK) announced it will roll out ODX, a separate company dedicated to helping banks build digital small business lending products....

As founder of both Benzinga and the Detroit Fintech Association, Jason Raznick is well-versed in the space. So much so that Merriam-Webster referenced his definition of “fintech” in its entry on the term. According to Raznick’s definition: “The impact that fintech is making...

The Benzinga Fintech Summit is a gathering of the top leaders in payments, lending, capital markets, blockchain and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling fintech thought leaders who are speaking at the event. For this installment, Benzinga interviewed...

Personal loan startup Avant announced today that it would spin off its lending infrastructure tech business into a new platform, Amount. The business builds consumer lending products for major banks based on the technology backbone that Avant’s lending line has already built out. “Avant...

An Atlanta-based fintech lending startup that also offers investors access to invest in real estate debt announced a financing round Thursday.  What Happened Groundfloor raised $4.2 million in a Regulation A online public offering. Why It Matters Groundfloor said it democratizes ...

After hitting a low of $15.75 in April, Santander Consumer USA Holdings Inc (NYSE: SC) shares have staged a decent rebound. The bank stock was hit with a downgrade from JPMorgan Monday, witht he sell-side firm citing limited upside potential relative to its price target after the rally....

Fintech company GreenSky LLC (NASDAQ: GSKY) traded on a public market for the first time in late May. The equity's "quiet period" expired Monday, and multiple Street analysts released research reports to clients. The Analysts Sandler O'Neill's Christopher Donat...

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade,...

Ally Financial Inc (NYSE: ALLY) is scheduled to report fourth-quarter and full year 2017 results Jan. 30.  The Analyst Oppenheimer's Ben Chittenden initiated coverage of Ally Financial with an Outperform and $38 price target.  The Thesis Ally Financial is continuing to...

With the IPO quiet period for consumer finance company Curo Group Holdings Corp (NYSE: CURO) expiring, sell-side analysts initiated coverage on the company Tuesday.  The Analysts Credit Suisse analyst Moshe Orenbuch initiated coverage of Curo with an Outperform rating and $21 price...

Qudian Inc - ADR (NYSE: QD)'s initial public offering Wednesday was mostly positive as the stock opened at $34.35 after pricing shares at $24. By Thursday morning, the stock was trading below the $30 level, but some among Wall Street aren't concerned. Bernstein's Linda Sun-Mattison initiated...