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. in Information Technology Management from the University of Virginia, according to Santander. Also, Jennifer Mathissen was named chief marketing officer.

Lending 160

Lending New York Virginia Boston 160

FICO

FEBRUARY 16, 2022

It’s a mind-boggling number largely driven by demand for unfilled or rejected trade finance applications tabled by small businesses in emerging markets. As a result, banks and lenders are acutely reliant on access to the very best data, automation, and technology to help bridge the rapidly widening funding gap.

Analytics 52

Analytics Lending Case Study Data 52

PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market.

Lending 101

Lending Marketing Analytics Capital 101

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.

Lending 129

Lending Analytics Data Security 129

Bank Innovation

SEPTEMBER 14, 2016

Kevin Simback and Josie Lee seeded the list of US companies using technology in the broad Digital Mortgage Market – MortgageTech. 1 – Mortgage Enterprise Solutions – this includes offering lending operating system (LOS) providers, marketing/lead gen/application/underwriting/fulfillment/closing platforms, servicing Read More.

Marketing 150

Marketing Analytics Software Bitcoin 150

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.

Lending 217

Lending Taxes Fintech Data 217

FICO

JULY 15, 2022

Financial Inclusion Using Analytics. in 1989, it meant lenders of all sizes could leverage the technology of scoring and open up credit to consumers that they might not have lent to in the past. This was one of the contributors to the tremendous market expansion during the 90s which has continued to present day. Saxon Shirley.

Analytics 52

Analytics Data Lending Innovation 52

Abrigo

FEBRUARY 23, 2023

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. Balance runoff is picking up speed, according to financial consulting firm Curinos.

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

FEBRUARY 12, 2018

Transaction banking products provider Intellect Global Transaction Banking (iGTB) and cloud-based software solutions firm Pivotal are partnering to enhance corporate banking technology for businesses in the U.S. 9) noting iGTB will lend its cash management platform, CBX 18, to Pivotal clients via its Pivotal Cloud Foundry cloud platforms.

Lending 158

Lending Analytics Software Customer Experience 158

PYMNTS

FEBRUARY 29, 2016

Moody’s is moving a bit closer to the world of small business lending. The investment by Moody’s will reportedly help Finagraph develop its data analytics technology and help propel adoption of its tools among SMEs and lenders, the companies said. 25) that it reached a deal to acquire a share of Finagraph.

Lending 100

Lending Risk Management Analytics Analysis 100

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

OCTOBER 2, 2018

Avant’s consumer-facing product is devised as a digital alternative to that market. 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. A Better Option For Banks.

Lending 134

Lending Alabama Online System 134

Gonzobanker

MARCH 9, 2022

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. As new cloud-native, API-driven solutions come to market, the term “core” seems to live in the eye of the beholder. Response From The Other Two Big 3 Players.

Financial Technology 136

Financial Technology Technology Fintech Community 136

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. Such technology is a natural fit for any lender, traditional or otherwise. Should they build capacity themselves? ” The SME Underwriting Legacy .

Analytics 100

Analytics Data Lending Big Data 100

Abrigo

JULY 14, 2023

Takeaway 2 Do you have the right technology to efficiently generate strategic insights now and on an ongoing basis? Creating data analytics and reports alone are not the strategies; rather, they are the critical inputs to assist decision-makers in developing and executing those strategies. CRE portfolio credit attributes.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Commercial Banking. D3 Banking.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

AUGUST 2, 2016

Small businesses will be crucial to the expansion of the P2P lending market across the globe, analysts from Technavio said. 1) said micro, small and medium-sized enterprise (MSME) lending will help fuel growth in the global peer-to-peer lending space between 2016 and 2020. ”

Lending 100

Lending Capital Management Analytics 100

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. According to CB Insights, US fintechs raised $14.6B

Fintech 210

Fintech Los Angeles Lending Analytics 210

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. discussed how they use continuous monitoring in their efforts to ensure safe and sound lending practices.

Lending 195

Lending Risk Management Software System 195

PYMNTS

FEBRUARY 27, 2019

HSBC is looking toward the alternative finance sector to strengthen its position in the middle market, the financial institution said. Through the link-up, middle-market firms that use NepFin to access financing will be able to connect to HSBC commercial banking services. Announced Tuesday (Feb. 26), HSBC U.S. employing 20.7

Marketing 109

Marketing Analytics blockchain Lending 109

FICO

SEPTEMBER 29, 2022

Delivering Trust for Risk-Aware Telcos - Using Data and Analytics. In today’s markets, providers can opt to reduce their costs by making customer decisions based on the most accurate data sets only. FICO Admin. Tue, 07/02/2019 - 05:23. by Tim Young. expand_less Back To Top. Wed, 09/28/2022 - 15:25. But it’s all about trust.

Analytics 52

Analytics Data Risk Management Customer Experience 52

PYMNTS

AUGUST 16, 2019

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Meanwhile, logistics, data analytics, and business travel technologies also won over investors. Below, PYMNTS breaks down the latest in B2B FinTech funding. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

JUNE 4, 2019

Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday (June 4) that it raised $52 million in venture funding. In a press release , Biz2Credit said the Series B funding round was led by WestBridge Capital.

Lending 122

Lending Risk Management Analytics Leadership 122

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 184

Fintech Lending Software Compliance 184

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). for automated underwriting.

Fintech 103

Fintech Software Illinois Lending 103

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. The 2019 Canadian fintech market map. Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

JULY 17, 2019

Financial institutions are in a constant balancing act: open up access to capital for borrowers to promote economic growth and financial inclusion and mitigate against the risk exposure lending produces — sometimes with disastrous implications for the global economy.

Data 130

Data Management Analytics Compliance 130

BankInovation

JUNE 2, 2021

While banks look to automation to improve transaction monitoring, they must remain ever mindful to adapt technology to current market needs. Ian Dunn, general manager of portfolio analytics for digital lending solution nCino, will share his […].

Security 98

Security Compliance Analytics Lending 98

PYMNTS

MARCH 23, 2020

“Increasingly, many lenders have been starting to focus on [SMBs] and lending to [SMBs],” said Gabriele Sabato, who holds a doctorate in finance and is CEO and co-founder of SMB loan underwriting firm Wiserfunding , in a recent interview with PYMNTS. SMBs are notoriously difficult to underwrite. Expanding The Data Scope.

Lending 188

Lending Data Analysis Tools 188

Gonzobanker

MAY 30, 2017

Everybody’s talking about analytics these days and it’s not just in the predictable tech and fraud circles but in finance, marketing and lines-of-business. It’s the topic we all have in common now … from “robust tech stacks” for techies to lenders interested in – to paraphrase Marketing Profiles, Inc. It’s everywhere.

Analytics 71

Analytics Data System social media 71

PYMNTS

MARCH 10, 2020

In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. In Southeast Asian markets, banks’ lack of adequate data on SMB loan applicants is perhaps the tallest barrier to connecting SMBs to capital in the region.

Data 193

Data Lending Capital social media 193

Chris Skinner

APRIL 18, 2017

He gave me the classic view: “A bank is there to take people’s money and lend it out at a profit, whilst ensuring the risk of non-payment is minimised” No it isn’t, I said. The lending part is now no longer important, as that can be done through alternative media such as peer-to-peer lenders. I argued that it wasn’t too far at all.

Risk Management 321

Risk Management Analytics Lending Software 321

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. Enhanced competitiveness and market presence.

Lending 81

Lending Analytics Data United States 81

FICO

OCTOBER 2, 2019

The room for expansion is extensive and I don’t think it will take extraordinary measures in order to increase that market share significantly. I would like to examine what I think ‘small banks’ (community banks, regional banks, and credit unions) can do to capture more market share of the small business lending market.

Lending 40

Lending Marketing Community Bank Online 40

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

Lending 193

Lending Capital Analytics Fintech 193

Banking 2020

JANUARY 20, 2015

It’s easy to get bogged down in the endless debate over the mingling of banking technology. The banking technology more than the banker will actually make the call. That’s why it can be refreshing to see startups use technology to make instant decisions about loans. In fact, there’s enormous potential here.

Technology 40

Technology Lending social media Analytics 40