PYMNTS

JUNE 21, 2017

Small business lending platform Nav announced Tuesday (June 20) that Visa Head of Global Small Business Janet Zablock is joining its board as an independent member. “Small businesses have traditionally struggled to navigate an increasingly complex lending process,” Zablock said in another statement.

Lending 100

Lending America Capital Security 100

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing.

Lending 152

Lending Community Bank US Community 152

CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Sales and trading operations within banks can be lucrative. SMB lending . Consumer deposits & savings.

America 101

America Lending Cards San Francisco 101

PYMNTS

NOVEMBER 27, 2018

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. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though.

Lending 159

Lending Fintech Capital Report 159

PYMNTS

AUGUST 14, 2018

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. Ohio’s House Bill 123 officially exists to close a series of loopholes that existed under the state’s previous attempt at regulating the short-term lending industry, the 2008 Short-Term Loan Act.

Lending 100

Lending Ohio Regulation Industry 100

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided. That’s the problem this legislation is looking to solve.”.

Lending 128

Lending Illinois Compliance Chicago 128

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100

America Payments Fraud Case Study 100

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. “In trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

PYMNTS

DECEMBER 9, 2020

IKB Deutsche Industriebank AG , which works in lending and public loans, will work with Hypoport subsidiary and corporate finance platform fundingport on corporate finance improvements, according to a press release. Hypoport is a tech-focused financial service provider. As part of the deal, IKB will gain a 30 percent stake in fundingport.

Lending 190

Lending Digital Strategies America Strategy 190

Bank Innovation

MARCH 30, 2018

But just how many operational leaders at banks think their institution’s survival depends on it? That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. Banks need to update their legacy systems and modernize their technology, no surprise there. That’s four out of five banks.

Technology 236

Technology Innovation America Operations 236

PYMNTS

MAY 7, 2018

That intimate level of insight could be a business advantage – if not for the fact that your entire operation runs on cash. Now, Mastercard and Unilever have announced the rollout of a digital lending platform, Jaza Duka (“fill up your store”) for micro entrepreneurs. Determining Creditworthiness. The Long Tail of Benefits.

Lending 101

Lending America System Community 101

Abrigo

DECEMBER 1, 2020

25 and published by the Independent Community Bankers of America (ICBA) and others, the Small Business Administration said lenders will receive notice of a loan review via the PPP Forgiveness Platform inbox. Implement Abrigo's SBA Lending Solution in Days. Lending & Credit Risk. Lending & Credit Risk. Ag Lending.

Lending 195

Lending Resources Groups Analysis 195

PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s talk that alternative finance is dead. Well, in the U.S.,

Lending 100

Lending US Capital Report 100

Banking Exchange

AUGUST 19, 2019

enterprises have commenced Chapter 11 bankruptcy cases despite having no operations or meaningful assets located in the United States Business Credit The Economy Risk Management Customers Fair Lending Operational Risk Credit Risk Feature3 Feature Financial Trends. A handful of non-U.S.

America 60

America United States Risk Management Lending 60

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Meanwhile, businesses that flourished in the pandemic may look to expand operations. Pandemic-Induced Transformations.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations.

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

FEBRUARY 21, 2017

This has the potential to decimate an entire industry,” one payday lending executive told PYMNTS shortly after the rules dropped. “By And if one were to ask their Magic 8-Ball about the fate of those payday lending regs, the answer one would most likely get at this point is “Ask again later.”.

Lending 101

Lending Regulation Innovation Industry 101

PYMNTS

SEPTEMBER 25, 2020

He said to do so they must take the long-term view while being mindful of the intersection of finance, operations and the customer experience while finding new methods to measure and address pain points. CFOs get typecast more than other executives as being just debit- and credit-oriented,” Rainey told PYMNTS.

San Jose 261

San Jose Baltimore Nebraska Community 261

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one might expect after such a long and intense build-up, the reactions were also fairly intense from both sides. million comments submitted. Somewhat Unexpected Agreement.

Lending 109

Lending Regulation Guidelines FDIC 109

PYMNTS

SEPTEMBER 21, 2018

A top corporate banking executive at Bank of America (BoA) is slated to depart the institution, according to The Wall Street Journal ( WSJ ) reports Thursday (Sept. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations. ”

America 135

America Samsung Mobile Operations 135

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Peasy Explores The Early Payment Incentive. MineralTree Pairs For Global AP.

Tools 282

Tools Operations Meeting Management 282

PYMNTS

DECEMBER 1, 2020

Miami-based eCapital said the move will allow it to expand its geographical footprint beyond North America and add to its specialty lending solutions, such as factoring. The company operates offices throughout the U.K. Its customers, up until now, have been largely in the U.S. and Canada.

Miami 151

Miami Lending America Strategy 151

PYMNTS

MAY 25, 2016

Reports by Financial Times said on Tuesday (May 24) that Wells Fargo vowed to continue to lend to businesses that have significant outstanding debt against the guidance of U.S. ” Reports said Wells has pursued greater market share in its non-retail banking operations since its acquisition of Wachovia in 2008. .”

Lending 100

Lending Regulation America US 100

PYMNTS

JANUARY 8, 2021

Backers zeroed-in on a range of industries, including SMB banking and lending. Yesler operates a B2B eCommerce platform for the lumber and building materials industry, and investors at Tech Square Ventures have just led a $3.3 With plans to launch a new small business lending bank in the U.K., million funding round for the firm.

Fintech 203

Fintech Capital Lending Operations 203

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Banks are certainly not playing hide and seek with P2P lending. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

JULY 21, 2017

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. “Our new small business mobile lending experience delivers a convenient, on-the-go solution to meet the needs of today’s busy entrepreneurs,” said Sharon Miller, the bank’s head of small business banking, in a statement.

Mobile 100

Mobile America Lending Meeting 100

Abrigo

JUNE 4, 2020

Another, more vague exemption involves the borrower documenting an inability to return to the same level of business activity that the business was operating at before Feb. Lending & Credit Risk. SBA Lending. CRE Lending. Lending & Credit Risk. CRE Lending. Lending & Credit Risk.

Lending 195

Lending Risk Management Management Community 195

PYMNTS

MARCH 22, 2017

For instance, “Self-Employed Professionals and Small Business Owners in America: The Rewards and Challenges of Career Independence,” released today (March 22), found that many of the entrepreneurs surveyed plan to stay in this type of employment position. Some of their perceptions of banking is about it not being a great fit for them.

Survey 102

Survey Lending Resources Report 102

PYMNTS

APRIL 13, 2018

Finch Capital and Fenway Summer Ventures participated in the round, which will bolster the company’s trade finance operations targeting SMBs across Europe. million in new funding to support its operations in Peru and Mexico, according to ImpactAlpha reports. Based in Ireland, Supply Finance landed $4.9 said this week. TravelPerk.

Lending 129

Lending blockchain Capital Software 129

PYMNTS

JULY 21, 2020

Proceeds from the sale of those operations could total as much as 100 million euros ($114 million). Meanwhile, Wirecard is seeking buyers for its European operation and Wirecard Bank, its lending operation, Reuters sources said. Late last month, Wirecard North America Inc.

Pennsylvania 140

Pennsylvania New York Fraud Operations 140

PYMNTS

APRIL 7, 2020

To facilitate lending to small businesses via the Small Business Administration’s Paycheck Protection Program, the Federal Reserve will establish a facility to provide term financing backed by PPP loans. The Fed is also working on a Main Street Lending Facility that is anticipated to help businesses with 500 to 10,000 employees.

Lending 150

Lending Meeting Maine America 150

South State Correspondent

APRIL 30, 2024

Lending Discipline : Sensible pricing methodology is part of a loan hedging program, and some hedge providers also offer a loan pricing model. We believe that community banks should choose a path that offers the most operational flexibility. Banks are in the business of keeping loans, not making loans.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Lending Discipline : Sensible pricing methodology is part of a loan hedging program, and some hedge providers also offer a loan pricing model. We believe that community banks should choose a path that offers the most operational flexibility. Banks are in the business of keeping loans, not making loans.

Community Bank 195

Community Bank FDIC Community National 195

Abrigo

APRIL 18, 2020

“We were able to provide funding for 95% of those customers that completed the application process and were approved internally,” said Andy Hunter, President of SaviBank in Burlington, Washington, another customer of Abrigo’s Sageworks SBA Lending solution. “We Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

Lending 195

Lending Wyoming Maine Nebraska 195

PYMNTS

JANUARY 25, 2017

With plans to release the second edition of their Americas study, which will explore alternative finance across North, Central and South America, industry experts plan to add new data to the debate over the resilience of alternative finance. Will 2016 once again present an explosion in alt-lending transaction value?

America 100

America Lending Regulation Regional 100

PYMNTS

FEBRUARY 11, 2019

This new financing will be used to launch OakNorth’s lending operations in the U.S. “We With this financing from SoftBank and follow-on investment from Clermont, we will be able to continue scaling the group’s operations globally,” said Rishi Khosla, co-founder of OakNorth, in a press release. or the U.S.,

US 134

US Lending Analytics America 134