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Small Business Banking Catching Up in Innovation Race

Bank Innovation

There are quite a few lending solutions these days for small businesses -- Funding Circle, OnDeck, Kabbage, and Square Capital, to name a just a few -- but innovation and digitization are lagging in other areas, such as digital account opening. Enter Gro Solutions, a sales and marketing platform for financial institutions.

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FTC files administrative complaint against marketer of fuel cards as strategy for addressing SCOTUS AMG Capital Management decision

CFPB Monitor

Last week, the FTC filed an administrative complaint against Fleetcor Technologies, a marketer of fuel cards, and its CEO in which the FTC alleges that the respondents violated the FTC Act’s prohibition on unfair or deceptive acts or practices. Supreme Court ruled in AMG Capital Management LLC v. In April 2021, the U.

Capital 78
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Small business lending insights Vol. 1

Abrigo

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.

Lending 195
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NXTsoft’s Connectivity as a Service positions Financial Institutions to Capitalize on Unbundling

Bobsguide

As core providers separate out once amalgamated software, banks and credit unions have more flexibility than ever before to design the specific digital presence that will best serve the needs of their market. NXTsoft is headquartered in Birmingham and has offices in Atlanta, Orlando and Denver. About NXTsoft. info@nxtsoft.com?or

Capital 146
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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. According to the American Transaction Processors Coalition, more than 70 percent of all payments on a global scale currently pass through companies headquartered in metro Atlanta, earning the city the moniker “Transaction Alley.”

Atlanta 42
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MineralTree Raises $50M, Buys Two Companies

PYMNTS

The funding initiative is being led by existing investors Great Hill Partners LP, the Boston-based private equity firm, Eight Roads Ventures, the global venture capital firm based in China and.406 406 Ventures, the Boston venture capital fund. Terms of the deals were not disclosed.

Company 169
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Paya Poised To Accelerate Growth As Payments Firm Goes Public

PYMNTS

Paya , the latest FinTech to the join the ranks of publicly-traded companies, made its market debut Monday (Oct. Shares of the Atlanta-based payment processor had risen by nearly 10 percent to $12.50 on the Nasdaq Stock Market shortly before Wall Street's 4 p.m.

Payments 266