Bobsguide

APRIL 21, 2022

Finastra appoints Isabel Fernandez to accelerate lending business growth. Company welcomes Isabel to the Finastra leadership team, as EVP, Lending Business Unit. Other roles include President & CEO Global Bank Loans at GE Capital Americas and Head of Enterprise Clients. I’m looking forward to getting stuck in.”.

Lending 109

Lending Leadership Community Software 109

PYMNTS

JANUARY 26, 2020

Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks.

Fintech 247

Fintech America Capital Regional 247

South State Correspondent

SEPTEMBER 18, 2023

This development is very important to community banks, as their efficiency ratio also increased, but to 61.63%. However, we believe that community banks should consider a different strategy since community banks’ much higher efficiency ratio results from a different driver.

Management 195

Management How To Community Bank Community 195

PYMNTS

NOVEMBER 27, 2018

So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S.

Lending 159

Lending Fintech Capital Report 159

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Comerica Bank announced a $91mm charge, and Bank of America announced a $1.6B We highlighted this risk of derivatives as we had concerns about BSBY.

Community Bank 195

Community Bank Community Compliance CA 195

PYMNTS

SEPTEMBER 25, 2020

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To

San Jose 261

San Jose Baltimore Nebraska Community 261

PYMNTS

FEBRUARY 7, 2019

However, the impact of the tax reform on the small business community is not clear, particularly so soon after the reform came into effect. Bank of America paid an 18.6 Overall, the top banks saw lending grow by 2.3 Commercial and industrial lending accelerated among the top 25 banks in the U.S. percent rate.

Taxes 122

Taxes Lending National New York 122

Abrigo

APRIL 21, 2020

Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. PPP loans carry a 0% risk weighting, meaning they don’t count against the institution from a risk-based capital standpoint.

Lending 195

Lending Capital Minnesota FDIC 195

PYMNTS

MARCH 21, 2019

Aura , a community development financial institution that provides cost-friendly loans to families, has completed a $50 million private social bond issuance, the company announced on Thursday (Mar. The money from the issuance will allow for 32,561 credit-building loans to what the company calls underserved and underbanked communities.

Arizona 107

Arizona Illinois Community Capital 107

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Ag lending in the South: Relationships matter.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

Bobsguide

APRIL 13, 2022

London, UK – April 12, 2022 – Finastra today announced a Banking as a Service (BaaS) collaboration with Microsoft to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to accessing finance. Users will be able to unlock lending options within Dynamics 365.

Lending 112

Lending Community Leadership Capital 112

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

APRIL 13, 2018

Blockchain Capital. Blockchain heavyweight Ripple made headlines this week when it announced a $25 million investment in Blockchain Capital, a venture capital firm focused on backing blockchain startups. The funding comes in the form of Ripple’s own cryptocurrency and will be used to fund startups selected by Blockchain Capital.

Lending 129

Lending blockchain Capital Software 129

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. Chase reached some optimistic conclusions regarding how small business owners feel about the year ahead, while Capital One highlighted a 9 percent decline in SME optimism. Small businesses’ top concern?

America 100

America National Capital Survey 100

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings.

Regulation 349

Regulation National System Industry 349

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

SEPTEMBER 22, 2017

Once again, the world’s alternative SMB lending industry regained the spotlight, with key deals in Asia and South America placing the industry in the top spot for this week’s B2B FinTech roundup. Alternative Lending. Blue Lotus Capital. CapitalBay. For its initial investment round, Sempli, based in Colombia, scored $3.6

Capital 152

Capital America Lending Industry 152

Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it.

America 52

America Wyoming National Capital 52

Independent Banker

DECEMBER 1, 2021

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. billion-asset community bank in Oakland, Calif., When it comes down to it, though, the community bank’s mission is radically simple. Photo: Ashley Courter.

Oakland 153

Oakland Community Community Bank Leadership 153

American Banker

JANUARY 9, 2024

After being undercapitalized for decades, some minority-led banks finally got large capital infusions in the wake of George Floyd's murder. But higher interest rates have made it harder for them to gather the deposits they need to boost lending substantially.

Lending 64

Lending Capital Community Bank America 64

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. National Small Business Week is this week in the U.S.,

Taxes 144

Taxes America National Community 144

PYMNTS

MAY 8, 2020

The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point. Most small businesses don’t have a lending relationship with a bank.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

APRIL 19, 2017

When the Small Business Borrowers’ Bill of Rights was developed in 2015, it appeared as if alternative SME lenders were collectively taking a stance against predatory lending practices in an effort to protect small businesses. We’re in a time where we still see access to capital as a real hurdle for small businesses,” she said.

Lending 116

Lending Resources Community Capital 116

PYMNTS

FEBRUARY 5, 2019

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial.

Washington 178

Washington Kansas City Lending Kansas 178

PYMNTS

OCTOBER 7, 2016

6) a new round of equity financing led by new investors, including Pritzker family business interests advised by The Pritzker Organization and DNS Capital. The capital raise, which follows the close of a minority equity financing round led by Goldman Sachs in Oct. The round also included existing investors.

Capital 155

Capital Innovation America Mobile 155

Abrigo

MARCH 6, 2015

It was a critical day in the eyes of those at Bank of America, Chase, Wells Fargo and others at the top. Ultimately, the Fed’s annual stress tests of the largest 31 financial institutions is to ensure that the bank’s capital levels could withstand another financial collapse, should one occur.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

CFPB Monitor

JUNE 13, 2022

Given that the CFPB does not have supervisory authority over institutions with less than $10 billion in assets, we are skeptical of the value in granting the CFPB any consultation rights during the bank merger application review process with respect to institutions that are not subject to CFPB supervision.

FDIC 78

FDIC Groups Community Meeting 78

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. But North America surprisingly came out on top — blowing the competition out of the water with three deals valuing nearly $70 million.

Fintech 100

Fintech US Capital Community 100

PYMNTS

JUNE 17, 2019

The proposal was met with early backing from the banking, FinTech and alternative lending community. Yet, the charter proposal also saw early criticism, particularly from the Independent Community Bankers of America (ICBA), which said in 2016 that it had “serious” concerns.

Google 142

Google National Fintech Regulation 142

CFPB Monitor

AUGUST 20, 2020

The regulators also stated they remain “steadfastly dedicated to ensuring that…financial institutions…provide fair access and fair treatment to everyone in America.”. Representatives from TD Bank, PNC and other banks also shared success stories of how Opportunity Zones and CRA investments helped promote the vitality of their communities.

Regulation 78

Regulation FDIC Community Lending 78

Gonzobanker

DECEMBER 19, 2022

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) with a rare bi-partisan move showing that pinch-your-banker-and-hug-your-merchant is apparently as wholesome America as apple pie. Sam Bankman-Fried of FTX.

Community 216

Community Fintech Industry Innovation 216

Abrigo

APRIL 28, 2016

America is one of the few countries that gives entrepreneurs a seat at the President’s cabinet table. Capital: SBA fills gaps in the commercial lending marketplace so success in the small business sector is based on merit, not family wealth. My story is possible only because of America's promise and its entrepreneurial spirit.

National 150

National San Jose Los Angeles United States 150

South State Correspondent

MARCH 23, 2022

and became the most valuable bank in Latin America. Nubank started with a credit card offering, followed by deposit accounts, then lending, and then payments, investing, and insurance. They take the bank and focus on underserved communities by overserving them. In December 2021, a Brazilian bank, Nubank, went public in the U.S.

Branding 221

Branding social media Strategy Data 221

CFPB Monitor

DECEMBER 8, 2022

The Act appears to go further than the FDIC’s final rule by giving broad authority to “impose any conditions or restrictions on the parent company or any subsidiary” which could be read to give the agency authority to limit the parent company’s activities.

FDIC 78

FDIC Company Industry Regulation 78