Remove 2016 Remove Lending Remove Operations Remove Regional
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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.

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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Avant is really two businesses operating under one roof — connected in crucial ways, but separate in function. 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.

Lending 134
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Q3 2016 (Mostly) Hits The Target

PYMNTS

Revenue from its fleet solutions operations spiked by nearly 30 percent to $184.8 The cross-border payments firm released its full-year 2016 report this week, and CEO Hank Uberoi highlighted revenue increases across the globe. billion, SAP found Asia-Pacific to be its most successful region in terms of revenue growth, up 13 percent.

America 100
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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. When we began underwriting operations back in 2016, we had a certain level of performance, and we’ve been improving a lot because with more history our models are strong so we can make better credit decisions.

Lending 220
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Building A Better Lending Model To Serve SMBs Who Served

PYMNTS

Our first base of operations was my basement in Reston, Virginia.”. It’s a bit like if a bank allowed depositors to interact with borrowers, and you organized that interaction around social groups to create additional loyalty to the bank,” Rockefeller said in a 2016 interview. We were a very boot-strappy start-up,” he recalled.

Lending 119
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Singtel, Grab Team Up To Launch Digital Bank In Singapore

PYMNTS

The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions. Grab, which started out as a ridesharing company, has been introducing finance apps and payment solutions since 2016. Singtel CEO Arthur Lang said the company’s mission is to be an enabler of change.

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The impact of lower energy prices on banks

Abrigo

Banks operating in oil and gas intensive areas of the U.S. Analysts examined banks with at least 25 percent of deposits held in oil- and gas-dependent counties in order to investigate the impact of direct lending to local oil and gas firms and indirect lending to companies servicing the sector.