PYMNTS

SEPTEMBER 4, 2019

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said.

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FICO

FEBRUARY 16, 2022

One promising route is transactional analytics for SME lending. As a result, there's a tendency to over-compensate with risk management when lending to SMEs, due to a lack of viable application information, lack of industry knowledge, gaps in financial performance, or missing collateral guarantees. by Richard Lagerweij.

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Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. Lee Partners recently announced the acquisition of mortgage pricing analytics provider Optimal Blue for $1.8B They exhibit a strong focus on data analytics.

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Gonzobanker

APRIL 14, 2021

Financial institutions should make data analytics a key component of their revenue growth strategies. In 2020, almost all financial institutions saw record growth in Small Business Administration lending with the Paycheck Protection Program, mortgage origination and home equity loans, and deposits. Contact me.

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PYMNTS

NOVEMBER 16, 2020

In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. What's just as important is to ensure that lending technology is flexible.

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South State Correspondent

APRIL 18, 2022

For example, 40% of JP Morgan’s commercial banking revenue is derived from fee income, and JP Morgan’s commercial banking division is composed of middle-market and commercial real estate (CRE) lending. Community banks have overlooked fee income because of the lack of analytics on how fee income translates to revenue and profitability.

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PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. Giancarlo Marchesi was named head of Consumer Lending, a new role at Santander. She is an expert in analytics, Santander stated, and holds a B.A. Smith holds a B.S.

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The Paypers

FEBRUARY 14, 2022

Moody’s Analytics has announced the launch of CreditLens, an integrated lending solution designed to support the workflow of commercial real estate.

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Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

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PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market. Credit Unions In Growth Mode.

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Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

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PYMNTS

MARCH 12, 2020

But DXC, which works with artificial intelligence (AI), and Tradeshift, which deals in a number of apps, have teamed up to speed up the invoicing process, handle cash in more efficient ways and use analytics to help assess better ways to do business. In the automotive industry, lending and insurance payments pose varying questions.

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PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. Together, we will apply cutting-edge technologies to provide superior lending services for SMEs.” A press release issued on Sunday (Jan.

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PYMNTS

SEPTEMBER 24, 2020

is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. The application programming interface (API)-enabled technology also provides liquidity supervision, analytics, payments and virtual accounts.

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BankInovation

NOVEMBER 9, 2021

Cloud banking platform Blend is partnering with document automation company Ocrolus to accelerate the digital mortgage lending process, particularly loan originations.

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PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., While more financial service providers in the U.S. “The roadmap to regulation has been in place [in the U.K.]

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PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Small business lending company Simply Asset Finance recently announced that it has completed its first funding deal using Open Banking. Simply Completes First Open Banking Funding. ”

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BankInovation

APRIL 22, 2022

QuadFi, founded in 2015, uses artificial intelligence (AI), machine learning, and data analytics to provide lending solutions to customers with thin or non-existent credit. Canadian digital lender QuadFi has raised $100 million in debt financing, the fintech announced Wednesday.

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PYMNTS

MAY 11, 2018

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. Alternative Lending. Check out the latest investment rounds below. CCRManager. Cybersecurity.

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Abrigo

SEPTEMBER 7, 2023

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. Ironically, data for making lending and credit decisions for the financial institution can also be one of the toughest assets to harness.

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Bank Innovation

JUNE 4, 2019

TAB Bank is tapping into the services of a data analytics firm to streamline small business loan application processes and allow for faster decisions.

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PYMNTS

JUNE 4, 2020

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. Federal Financial Analytics Managing Partner Karen Petrou said, per the report, “It’s only the ‘ Main Street ’ program if the Main Street in your town looks a lot like Park Avenue.

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South State Correspondent

AUGUST 30, 2023

” At this stage of banking evolution, it is a foregone conclusion that banks need to leverage data, analytics, and machine learning to survive. Banks like Capital One, for example, have 23% of their employees in some data analytical role. This effort starts with using a vendor and/or getting your data architecture right ( HERE ).

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Data Analytics Strategy Examples 195

Abrigo

JUNE 7, 2017

It’s been five months since the new member business lending (MBL) rule from the NCUA went into effect in January, providing greater flexibility to credit unions offering member business loans. Credit unions should determine the focus of their business lending program and identify what is needed to achieve those goals.

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PYMNTS

OCTOBER 11, 2018

Alternative small business finance firm Funding Circle has signed on to provide data to dv01, a reporting and analytics platform focused on boosting transparency in the lending markets. Investors must be approved to view that data and access reporting and analytics solutions. In a press release issued Thursday (Oct. operations.

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PYMNTS

OCTOBER 11, 2018

Alternative small business finance firm Funding Circle has signed on to provide data to dv01, a reporting and analytics platform focused on boosting transparency in the lending markets. Investors must be approved to view that data and access reporting and analytics solutions. operations. In another statement, Funding Circle U.S.

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Analytics Data United States Lending 108

Perficient

JULY 6, 2020

That lends them into many personas and their own explicit compute surrounding themselves around the data on the cloud. The BI and Analytics teams. Helping you reduce the size of your analytical models in BI tools. Their motto move data once and access it multiple times in various ways at various scale and capacity.

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FICO

JULY 15, 2022

Financial Inclusion Using Analytics. The lending and financial services industry can provide that social good, as long as it's done in a way that is both responsible and fair. Our goal is to help you lend to more people responsibly and be able to explain every decision you make using FICO analytics. Saxon Shirley.

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PYMNTS

NOVEMBER 2, 2020

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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Bobsguide

JUNE 14, 2022

Finastra adds Lozenge Analytics complex calculation capabilities to Fusion KTP for treasury customers. Paris, France – June 14 – 2022 – Finastra today announced a partnership with Lozenge Analytics, offering the capabilities to Fusion KTP customers. Users will benefit from advanced treasury and risk management capabilities.

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PYMNTS

JUNE 10, 2019

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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PYMNTS

APRIL 8, 2016

In small business lending, the rush of alternative players entering the market is beginning to give way to consolidation — or, at least, collaboration. Wright said the direction of the small business lending industry is about more sophisticated analytics capabilities to mitigate risk. ” The SME Underwriting Legacy .

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Abrigo

MAY 19, 2023

Systems may include components that are independent of the lending function or may place some reliance on loan officers. In addition to providing more efficient credit risk review , a loan review solution can provide other analytics to elevate loan review’s profile or support staffing requests.

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South State Correspondent

JANUARY 17, 2024

Many banks have a chief credit officer and a chief lending officer but no chief deposit officer. Many banks have loan and credit analytics teams and tools but no deposit analytics teams or tools. Getting More Granular What is more interesting is that the study looks at individual products. The same goes for transaction accounts.

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Independent Banker

NOVEMBER 1, 2021

Community banks who are considering entering the small business lending space are already challenged by several barriers to entry: Inefficiency of traditional loan processing. Lack of quality lending opportunities to put their deposits to work. Here is our 10-part battle plan for small business lending victory: Save Time and Cost.

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PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. billion in 2017 from $2.6

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PYMNTS

OCTOBER 16, 2018

OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.

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