Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

Lending 186

Lending Community Bank Community Analysis 186

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. New reports in Bloomberg on Wednesday (Oct.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. just secured more than $97 million through an initial public offering.

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

MARCH 13, 2017

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Only 13 percent say they’re willing to jump on the innovation bandwagon.

Financial Technology 127

Financial Technology Technology social media Taxes 127

PYMNTS

SEPTEMBER 18, 2018

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. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.

Lending 148

Lending Innovation Fintech Cards 148

Gonzobanker

MARCH 9, 2022

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. Fiserv was already a part owner when in early February it acquired the remaining portion of 2016-founded cloud-based Finxact.

Financial Technology 136

Financial Technology Technology Fintech Community 136

PYMNTS

MARCH 7, 2018

The whirlwind of FinTech investment shows no signs of slowing. In fact, new data from venture capital (VC) analysis firm CB Insights, analyzed by global management consulting and professional services firm Accenture Financial Services, suggests FinTech startups’ VC funding hit a new high last year, with major deals in the U.S.,

Fintech 131

Fintech Lending Big Data Trends 131

PYMNTS

MARCH 22, 2019

As noted by VentureBeat , the five-year-old firm has been profitable since 2016. The company said the technology is tied to “invisible computing” that lets users access healthcare and other information. OneFi had previously secured a $5 million lending facility from Lendable and struck a payments partnership with Visa.

Data 178

Data Fintech Capital Lending 178

CFPB Monitor

JUNE 8, 2016

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

Lending 60

Lending Fintech California Survey 60

PYMNTS

OCTOBER 2, 2018

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

Lending Alabama Online System 134

Chris Skinner

MARCH 1, 2017

I was reflecting on a friend of mine who runs a FinTech start-up. But it gives you an insight into how hard starting a new firm is, FinTech or Tech or any really. How many of those are there in FinTech? Interesting, particularly when you look at what’s been happening with Lending Club and others. Asia is big on FinTech.

Fintech 150

Fintech America Lending Community 150

PYMNTS

APRIL 28, 2017

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. Financial Services FinTech Practice Co-Leader Anthony Rjeily in a statement. According to KPMG’s U.S.

Fintech 192

Fintech San Francisco Capital Software 192

Bank Innovation

FEBRUARY 24, 2016

After a difficult deliberation, 10 early-stage fintech companies were selected by a team of judges to compete in this year’s DEMOvation Challenge, to take place in Seattle on March 1. Many applied, few were chosen.

Innovation 150

Innovation Seattle Fintech Company 150

PYMNTS

SEPTEMBER 27, 2017

The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain. The survey polled more than 515 banks and 1,336 companies across 103 countries, finding that FinTech innovators can, indeed, help address the $1.5

Fintech 128

Fintech Survey Lending United States 128

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Technology Utilization. In a recent American Banker. Taking Stock.

Lending 126

Lending Community Bank Community Data 126

PYMNTS

JUNE 6, 2018

Alternative lending platform BlueVine has announced its latest investment to the tune of $60 million. We’re building a cutting edge, technology-enabled platform that is helping thousands of [SMBs] get quick access to funds to address their everyday funding needs.

Lending 131

Lending Capital Fintech US 131

PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market. It’s a very manual process — it really struck me.”.

Lending 101

Lending Marketing Analytics Capital 101

PYMNTS

AUGUST 8, 2017

As the financial crisis unfolded in 2008, they met to discuss what they saw as the rise of FinTech and the increasing availability of financial software and data. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan.

Lending 105

Lending Capital Fintech Marketing 105

Celent Banking

MARCH 30, 2016

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

Lending Compliance Training Capital 100

CFPB Monitor

FEBRUARY 13, 2017

However, like the FTC’s letters on its 2014 and 2015 ECOA activities, the letter on 2016 activities does not describe any 2016 FTC ECOA enforcement activity and only contains information about the FTC’s research and policy development efforts and educational initiatives. Fintech forum. Interagency fair lending task force.

Report 68

Report Big Data Lending Survey 68

PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. Ant, Razer Join Rally For Singapore eBank Licenses.

Fintech 133

Fintech Payments Digital Banking America 133

CFPB Monitor

MARCH 16, 2017

A Democratic congressman has raised concerns about potentially discriminatory lending practices used by fintech companies that extend credit to small businesses, calling on the CFPB “to vigorously investigate whether [such fintech companies] are complying with all anti-discrimination laws, including the Equal Credit Opportunity Act.”

Lending 68

Lending Fintech Regulation Data 68

PYMNTS

JANUARY 9, 2018

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.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. Now, a decade on, small business optimism is up in the U.S., Credit unions cannot invest more than 12.25

Lending 116

Lending Florida Report Community Bank 116

Bank Innovation

JANUARY 11, 2017

The transportation sector enjoyed VC spotlight throughout 2016, while the fintech sector was left in the shadow, according to Global Innovation Investment Report release by Crunchbase. When it comes to venture funding, the grass is (sometimes) greener in the other sector.

Fintech 150

Fintech Innovation Report Operations 150

Bank Innovation

AUGUST 24, 2016

Y Combinator President Sam Altman knows fintech — he helped Green Dot build GoBank, after all. So when only two fintech startups made it to the stage yesterday at Day 1 of its Summer Demo Day(s) 2016, we took notice. But today 10 of the 48 demoing companies are fintech-focused, Read More.

Fintech 150

Fintech Company social media Operations 150

PYMNTS

APRIL 12, 2017

As technology becomes more infused in everyday processes, the banking world is taking note and pulling resources from the FinTech arena. While at Kabbage, Duggirala was responsible for moving the ball forward on the company’s lending platform scalability. ”

Regional 100

Regional Fintech Leadership Resources 100

PYMNTS

OCTOBER 16, 2017

But the latest data on SMB lending in the U.S. Earlier this month, Biz2Credit released its monthly Small Business Lending Index and found that approval rates at large banks increased more than they did at smaller community banks. At least one FinTech, P2Binvestor , is already positioning itself as a collaborator with community banks.

Community Bank 110

Community Bank Community Fintech Lending 110

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Marketplace Lending.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

MAY 18, 2020

Australia’s Judo Bank has attained unicorn status, according to FinTech Magazine , meaning it has achieved a valuation of at least $1 billion. The bank focuses on small- and medium-sized business (SMB) lending. “We The sheer deluge of funding has all added up to the unicorn status, according to FinTech Magazine.

Lending 130

Lending Capital Software Fintech 130

Bank Innovation

JANUARY 12, 2017

Everything that happened in fintech this week in the U.K. Funding Circle raised $100 million for its peer-to-peer lending platform AND notched record lending activity in the final quarter of 2016 — AND pushed its U.K. is just plain wrong. operation into profitability. Oh, the indignity of it. Read More.

Lending 150

Lending Fintech Operations Online 150

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Alternative Lending. Find out how the more than $26.5 MarketInvoice. Accounts Receivable Management.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

JANUARY 11, 2018

According to the report, 88 percent of lenders plan to lend more in 2018 than they did in 2017, and more than a third (36 percent) said they plan to lessen requirements for loan approval. So while lending volume in the U.S. percent in 2016. “Common concerns, such as KYC, are also being allayed by technology.”

Fintech 126

Fintech Lending Trends Operations 126

Bank Innovation

MARCH 9, 2016

Asian fintech deal sizes dwarfed U.S. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. deal sizes in 2015, a new report from KPMG and CB Insights shows. But yesterday’s Ant Read More.

Fintech 150

Fintech Report Capital blockchain 150

PYMNTS

JANUARY 27, 2017

is no longer the world’s largest market for FinTech investment, according to the latest report from Citigroup, released this week. Analysts found that, in the first nine months of 2016, China held the top spot for FinTech investment, with funding raised for that period doubling compared to the same period in 2015. Lighthouse.io.

Fintech 100

Fintech Cards Mobile Capital 100

Bank Innovation

MARCH 24, 2016

Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding. Just under 10% of the companies — 15 to be exact — were fintech-related. This is about average for a YC incubator class, with the 26% from Summer 2015 being an Read More.

Fintech 150

Fintech Meeting Company social media 150