Embedded AI Lender Launches Tool to Support Small Businesses

Lendica, a Boston-based fintech, announced the launch of the iBranch, a powerful embedded lending software that changes how businesses access capital. The premiere roll out is with Versa Cloud, a leading cloud-based ERP. The AI-powered lending tools are built to help SMBs fight market headwinds and take control of their cashflow. Fintech Steps In Where Banks Step Out The announcement comes at a pivotal time for US businesses. Banks have pulled back lending and may face upcoming...

BNY Mellon Adds New ESG Ratings to Securities Lending

BNY Mellon today announced new enhancements to its securities finance platform to help clients analyze their agency securities lending program alongside their sustainability goals. The announcement comes as stakeholder demands for increased transparency in connection with environmental, social and governance (ESG) investing are growing for firms across the globe. Delivered through an interactive dashboard, clients can apply ESG scores based on third-party data across their lendable portfolio, collateral and cash investments to help them evaluate...

Stellus Capital Management Announces Key Hires

Stellus Capital Management, LLC (“Stellus”), a leader in middle market direct lending, today announced the hiring of Bill Haverland as Principal and Casey Carroll as Vice President, Investor Relations. “With their many years of credit, private equity and investment banking experience, we are very pleased to have Bill and Casey join the Firm,” said Robert T. Ladd, Managing Partner at Stellus. “Bill and Casey will provide our private equity clients and investors the high caliber...

Digital lending gives shoppers longer loan term options

Digital lending offering gives shoppers longer loan term options as e-commerce rises Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc. (NYSE: ALLY), now offers its financing on retail payments platform Sezzle. The first integration of its type for Sezzle – select shoppers can now choose to pay over time using Ally’s longer-term, fixed-rate installment loans or Sezzle’s buy-now-pay-later, installment offerings. Ally’s financing extends to purchases up to $40,000 with 3-60-month terms. The launch...

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