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Lending FinTech GreenSky Files For IPO

PYMNTS

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). The Wall Street Journal reported that the Atlanta-based company, which enables retailers, health-care providers and home contractors to offer loans to their customers, could go public as soon as this summer.

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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Remember all those five-year fixed-rate loans you booked at 4%?

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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. Information Services [USIS] business, including lower revenue in both its online information solutions and financial marketing services businesses. Equifax Inc., Equifax reported overall revenue of $876.9

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Pricing Models – 4 Changes Banks Need to Make Now

South State Correspondent

Making loans is central to your bank’s operations, and lending has a compounding effect on profitability. Since PPI includes commodities, other banks look at wage inflation (since that composes about 82% of a bank’s cost) and use Federal Reserve Atlanta to track it. Here, wage growth has been running at about 5.8%.

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5 Reasons Why GreenSky Is Worth $4.3B At IPO

CB Insights

GreenSky is a digital lending platform that partners with home contractors, specialty retailers, and healthcare professionals to offer consumers point-of-sale financing. In 2017, the Atlanta-based fintech unicorn did $326M in total revenue. Home Depot is a prominent partner of the digital lending platform.

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The 2019 GonzoBanker Awards

Gonzobanker

Chime is a category killer in new digital accounts opened, but it’s still not clear how small online payment accounts and debit interchange will create a future earnings. The merger deal itself made total sense, but goodbye to one of the brightest, sunniest industry brand names and an Atlanta hallmark. What the heckist?

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