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Small business lending insights Vol. 1

Abrigo

It is essential for banks and credit unions to adjust lending and underwriting strategies to secure profitable new or expanded business loans with acceptable risk. Financial institutions should also cultivate opportunities to help existing borrowers manage their business and capital needs. 1 appeared first on Abrigo.

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Norway Watchdog Says Bank Overcharged Customers $83M

PYMNTS

The Norwegian Consumer Council has accused big bank DNB of overcharging customers 690 million kroner (approximately $83 million) for management fees related to “falsely active funds,” The New York Times reported on Tuesday (June 21). It’s the latest large retailer to raise security concerns , with a lawsuit filed this week in U.S.

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DOJ Indicts Four Chinese Army Spies For Equifax Hack

PYMNTS

Four members of China’s People’s Liberation Army – Wu Zhiyong, Wang Qian, Xu Ke and Liu Lei – were indicted on nine counts by a federal grand jury in Atlanta. The breach gave hackers access to customers’ personal information, including Social Security numbers, drivers’ licenses, credit card numbers and birthdates.

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Fintech Debuts: Watch Treasure and Arrived Homes Pitch at Techstars Atlanta (Oct 2020)

Fintech Labs Insights

The latest, the Atlanta cohort assembled with the assistance of partner Cox ( full roster here ). Treasure’s 3-min pitch @Techstars Atlanta (Oct 2020). Description: Digital bank for kids (with debit card). Arrived Homes 3-min pitch @Techstars Atlanta (Oct 2020). Check out their 3-minute pitches below. HQ: Toronto, Canada.

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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

Mastercard Expands Digital Card Program To Include Instant Access, eWallet . Mastercard has grown its Digital-First Card Program in North America as demand rises for digitally-driven money management offerings. MineralTree bought Atlanta-based Regal Software and California FinTech Inspyrus. Trackers And Reports.

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How Much Can Technology Improve Healthcare Payments?

PYMNTS

Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. Among the latest hopes for healthcare payments is blockchain.

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Equifax Still Fights To Regain Trust As Q2 Sales Slump

PYMNTS

the Atlanta-based credit reporting agency, reported lower earnings in the second quarter, mainly due to weakness in its U.S. Equifax has made a number of key management changes in recent months to help restore order in its domestic business. Equifax Inc., Net income fell 12 percent to $144.8 million, or $1.19