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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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China’s $9.1T Shadow Lending Sector On The Decline

PYMNTS

The country’s regulators have gotten tough on the shadow banking market in recent years. percent from the end of 2017 and hitting its lowest level since 2016. However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. China’s $9.1

Lending 100
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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Avant’s consumer-facing product is devised as a digital alternative to that market. We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. A Better Option For Banks.

Lending 134
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MercadoCredito Cracks The Code On Lending To The Un- And Underbanked In Brazil

PYMNTS

I mean, throughout the Latin American region that has happened, but it has been massive in Brazil. We saw market research a couple of weeks ago that indicates the market evolved about 10 years in eight weeks in terms of increase in penetration. “Brazil at the beginning of last year was a different Brazil, for sure,” he said. “We

Lending 220
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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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Q3 2016 (Mostly) Hits The Target

PYMNTS

The cross-border payments firm released its full-year 2016 report this week, and CEO Hank Uberoi highlighted revenue increases across the globe. For the year ended June 30, 2016, Earthport saw a 64 percent increase in payment volume, hitting $11 billion this year. ” Earthport. million, an 89 percent increase from last year.

America 100
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CFPB hires Assistant Director for Office of Small Business Lending Markets; announces other senior leadership additions

CFPB Monitor

The announcement included the news that the CFPB has filled the position of Assistant Director for the Office of Small Business Lending Markets. The leadership additions announced by the CFPB were the following: Grady Hedgespeth will serve as the Assistant Director for the Office of Small Business Lending Markets.