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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

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
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The Russian Connection (To Alt Lending Globally)

PYMNTS

ID Finance Co-Founders Boris Batine and Alexander Dunaev were far from newcomers to the world of finance when they started up their business in 2012. educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. Observing the rise of disruptive companies in Europe and the U.S.,

Lending 105
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Lending to nonprofits: Considerations for credit analysis

Abrigo

Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses. Here are two mistakes to avoid when lending to nonprofits , according to the firm: 1. percent to $5.17

Analysis 150
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How to develop a sound MBL strategy

Abrigo

Credit unions have seen an unprecedented uptick in business-related loans in recent years, according to the Credit Union National Association’s (CUNA) U.S. From June 2007 to December 2012, MBL volume increased 66 percent, growing from $26.04 Evaluate the level of capital needed. Credit Union Profile. billion to $43.16

Strategy 186
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Why Wells Is Calling Rejected Small Biz Loan Applicants

PYMNTS

Small businesses today have struggled to access working capital loans from traditional lenders, giving way for alternative and marketplace lenders to enter the sphere. The lag in small business lending by banks is no secret; earlier this year, the U.S. But the demand for bank loans stays steady.

Lending 101
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Why Banks Reach For The Unprofitable, Demanding SME

PYMNTS

The dominating narrative in small business lending is the rise in alternative finance to fill the gaps left behind by traditional banks. Sageworks , which develops financial data management solutions for financial institutions, has just entered the SME lending arena with a new solution that provides banks with small business lending support.

Lending 100
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)