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FinTechs Help Banks Ease The PPP Lending Pain

PYMNTS

When the program went live on Friday (April 3), only two FIs, Bank of America and JPMorgan Chase, had been able to begin accepting applications — Bank of America saw a whopping $6 billion worth of applications in only a few hours, ending Friday with $32.6 Small businesses overwhelmed U.S. billion in applications. Funding Circle.

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Laurel Road Scores Country Bank for Digital Lending

Bank Innovation

Laurel Road, a bank that is selling fintech products and services, has scored a sales win, securing Country Bank as a client. Larger banks like Bank of America and SunTrust Banks Inc. have recently added digital mortgage lending, and that same […].

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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though.

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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

PYMNTS

Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. In Mexico and Colombia, it has loaned more than $1 billion total to various clients.

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In UK, FinTech Fundraising Gathers Steam

PYMNTS

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. based FinTechs said they have garnered more than 200 million pounds. The funding will be used to expand into North America and Asia.

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Increasing Household Debt in America Opens Opportunities for FinTech Startups in the Lending Business

Let's Talk Payments

Opportunities in various FinTech segments are known to differ. The lending business, however, appears to be among the most promising, especially in the United States, where the aggregate household debt.

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Today In Digital-First Banking: Ternio’s BlockCard Collaborates With Paxful For Debit Card; Fed Changes Main Street Lending Terms

PYMNTS

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

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