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Regions Bank Plucks New CIO From FinTech Arena

PYMNTS

As technology becomes more infused in everyday processes, the banking world is taking note and pulling resources from the FinTech arena. The latest example of this comes from Regions Bank at its corporate headquarters in Birmingham, Ala. The bank’s corporate office has chosen Amala Duggirala as its new CIO. ”

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UK, US SMB Lending Experience A Growing Divide

PYMNTS

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144
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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. This is the bank’s product backed up by our brand.

Lending 134
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The new 4 C’s of commercial lending

Celent Banking

Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision. Cost of compliance. Changing client expectations. Competition from new entrants.

Lending 100
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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

For startups, 2016 wasn’t the best year in venture capital. VCs used 2016 to manage costs, set priorities and valuations,” explained Rahul Khanna, managing partner at Trifecta Capital, in an interview with Business Standard published Wednesday (Dec. Alt-Lending. and the U.S. round out the rest of the investment activity.

Fintech 100
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MENA: The next fintech hotspot?

NCR

Countries like the UK, China and the US are traditionally seen as the powerhouses of the fintech world, but it’s testament to the expanding global presence of this market that the Middle East and North Africa (MENA) region could be its next big growth engine. The post MENA: The next fintech hotspot?

Fintech 45