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How Basel III Affected SMB Lending

PYMNTS

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space.

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Today In Data: All Digital, All The Time, Everywhere

PYMNTS

But the speed at which some things have already made the switchover – payments and lending spring to mind – is impressive. trillion: Estimated value of the global digital payments market by 2027. The fact that things are going digital isn’t shocking or even news – it has seemingly been the drift of things for over two decades.

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PrimeLending Taps AI To Digitize Loans, Speed Up Disbursements

PYMNTS

Both consumers and businesses are exhibiting shifting expectations for how the lending process should work, and many are expressing interest in alternative forms of lending, such as peer-to-peer (P2P) loans. Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

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The CFPB section 1071 effective date

Abrigo

Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities. This 2026 data needs to be reported to the CFPB by June 1, 2027.

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Navigating The Increasingly Murky Waters Of Trade Finance

PYMNTS

She pointed to 2019 research from the Boston Consulting Group, which predicted that global trading on open accounts will make up as much as 60 percent of trade finance revenues — up from the current 45 percent — by 2027. That’s last-resort lending,” she said. “Factoring should never replace a bank.

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Amazon Walmart Whole Paycheck Tracker: Beauty, Fashion And Food

PYMNTS

Walmart’s move on skincare could have been forecast simply by looking at skincare’s $123 billion in global revenue in 2018, or the $175-$200 billion it is forecast to generate annually by 2027. Likewise, Amazon doubling down in the world of fashion is very much in line with recent releases by the eCommerce giant over the last year.

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