Remove 2010 Remove Fintech Remove Lending Remove Marketing
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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. Now, tighter standards in the wake of Dodd-Frank’s 2010 passage helped get that down to about 4.3

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Personal Loans Are The Fastest-Growing Lending Category

PYMNTS

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

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AltFin Shines As Investor Interest In B2B FinTech Continues

PYMNTS

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 Blockchain.

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FSB Says Higher Bank Capital Requirements Will Remain

PYMNTS

Reuters , citing the regulator, reported it found the negative impact on small business lending was short in nature, and that there is no need to change the rule. When the banks were required to increase their capital in 2010, they argued it would hurt their ability to keep up their lending pace. In January, the U.K.

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FSB Says Higher Bank Capital Requirements Will Remain

PYMNTS

Reuters , citing the regulator, reported it found that the negative impact it had on lending on small companies was short in nature and as a result, there is no need to now change the rule. When the banks were required to increase their capital back in 2010 they argued it would hurt their ability to keep up their lending pace.

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Reports of Small Business Lending’s Death are Greatly Exaggerated

Celent Banking

The lack of “just right” solutions for many small business financial problems has been a golden opportunity for FinTech firms. In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending.

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Wave Lands $24M To Focus On AI For SMB Finance

PYMNTS

Since 2010, Wave has been an innovator in small business financial solutions,” said Wave CFO and co-founder Kirk Simpson in a statement announcing the funding. The company revealed the funding from an array of backers including National Australia Bank, Royal Bank of Canada, Portag3, and Exhibition Capital.

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