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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

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How Financial Institutions Focus on Customers Is Key

Abrigo

The community bank model is built around customer service, but for many bank and credit union customers, the definition of “good service” has been changing over the last couple of decades. Stay Up-to-Date On Lending Best Practices. The 2018 J.D. Learn More.

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NCR Acquires Terafina – So What?

Gonzobanker

GonzoBanker mothership Cornerstone Advisors’ recent What’s Going On In Banking 2021 research points to digital account opening being the top bank tech replacement priority in mid-size banks for the third year in a row. Digital banking providers answered the demand with digital account opening solutions.

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Fintech Deals Are Still Happening – and It’s a Good Thing

Gonzobanker

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. SoFi/Galileo: This $1.2 The transaction has not yet closed.

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Fiserv to buy First Data – the biggest fintech deal of 2019

Gonzobanker

Whether you are a community bank or a fintech provider, that makes sense. So many of Fiserv’s core clients are commercial community banks, and those banks (as well as credit unions getting into business services) need increasingly more help with business payments. Diversification versus Concentration.

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JPMorgan Q3 Sees Strong Card Spend, Mobile Growth In Double Digits

PYMNTS

In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Trading in fixed income and currencies, along with commodities, was weighed down by a double-digit drop in fixed income trading. Excluding special items, said Lake, the loss rate on auto lending was only 41 basis points.

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The Top 250 Fintech Startups: Where Are They Now?

CB Insights

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. Highlights from the fintech 250 Class of 2018. Phone number.

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