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China Fiscal Policy At Odds With SMB Lending

PYMNTS

29) that the government’s efforts to spur small business lending by pumping money into the financial services market has yielded only modest success. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off.

Policies 100
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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

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. On the upside, researchers found small businesses’ demand for loans is at its highest level since 2012. For banks, the reason often comes down to profits.

Lending 159
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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 Credit Union Profile. billion to $43.16 Analyze different approaches.

Strategy 186
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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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OCC issues proposed rule on fair access to financial services

CFPB Monitor

The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk. Comments on the proposal are due by January 4, 2021.

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UK Federation Of Small Businesses Says AltFin Is Just Heating Up

PYMNTS

Most recently, the FSB announced plans to join the alternative finance world and establish the FSB Funding Platform , a marketplace lending portal through which small businesses can access funding from more than 100 lenders. ’s alternative lending space, however, seems solid. ’s small businesses,” said Stallon.

Lending 122
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$150B Valuation Makes Ant Financial World’s Largest Unicorn, Ahead Of Possible IPO

PYMNTS

Whenever it happens, it’s safe to say that a $150 billion valuation would make Ant’s IPO one of the biggest ever, putting it ahead of Facebook ’s $104 billion IPO in 2012 and behind Alibaba’s $168 billion IPO in 2014. The company was initially only looking to raise $5 billion, half of what investors ended up wanting to contribute.

Capital 101