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How Opening Bank Data Can Transform SMB Lending

PYMNTS

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., ” The U.S.’s ’s Open Banking Path. While more financial service providers in the U.S.

Lending 233
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Regtech in banking: How emerging technology helps keep banks compliant

Abrigo

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

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Regtech in banking: How emerging technology helps keep banks compliant

Abrigo

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

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Investors Impressed By Mix Of AI And Analytics

PYMNTS

Also landing on the board this week are alternative lending, expense management, cybersecurity and blockchain players. Alternative Lending. Expense Management. The company provides cyber insurance for the enterprise coupled with real-time risk management and mitigation. Blockchain. CCRManager.

Analytics 109
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Japan’s Mizuho Launching FinTech Venture

PYMNTS

According to a report in Reuters , Daisuke Yamada, Mizuho’s chief digital innovation officer, said in an interview the company already has around 20 projects in the pipeline to launch the venture with some using blockchain technology and others focused on artificial intelligence in areas including farming and travel.

Fintech 100
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A $200M Mélange Of B2B Venture Capital

PYMNTS

And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Expense Management. Blockchain. Alternative Lending. In all, nearly $200 million went to B2B startups this week.

Capital 100
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Chinese Alt-Lender Dianrong Lands $220 Million

PYMNTS

Singapore sovereign fund GIC recently led a $220 million funding round for Chinese alternative lending platform Dianrong as the company looks to focus on research and development in China. Dianrong also saw backing from CMIG Leasing and South Korean fund manager Simone Investment Managers. alternative lender LendingClub.