Daily Review: Zelle Processed $1.5 Billion Worth of Payments in October – Up 90% From the Same Month Last Year

Pre-Thanksgiving week has been rich on interesting updates across sectors, some of which represent a significant push in adopting new technology, embracing startup partnerships, and expansions into new niches and markets.

Lending updates

Seeking bigger US presence, Barclays joins crowded online lending market

  • As part of a broader effort to build out its US consumer business, London-based Barclays is now offering unsecured personal loans online, targeting prime and super-prime borrowers. It has been testing its online lending platform with select US customers since late last year and plans to roll it out in full force in 2018.
  • Barclays’ personal loans typically range between $5,000 and $35,000 and can be repaid in three, four or five years. The interest rates range from 4.99% to 18.99% and the loans carry no origination fees or prepayment penalties.
  • The bank has made roughly 15,000 personal loans to date. The consumers Barclays is targeting are interested in using the loans ...
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