Bank Innovation

APRIL 21, 2020

The Boston-based bank is creating its own solution in advance of the PPP forgiveness process that will start […]. Radius Bank is standing up a Paycheck Protection Program loan forgiveness tool, even as many banks feel left in the dark by the Small Business Administration, which hasn’t yet released details on how the process will work.

Boston 284

Boston Tools Customer Experience Lending 284

PYMNTS

FEBRUARY 18, 2020

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. Radius is based in Boston and has in the neighborhood of $1.4 LendingClub was part of a wave of early FinTech firms that was geared toward marketplace lending, while others matched borrowers with lenders.

Fintech 242

Fintech FDIC Boston Lending 242

PYMNTS

JULY 8, 2020

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). Launched in April, the Fed initiative pledged to purchase 95 percent of each loan banks provide to small and medium-sized businesses (SMBs).

Maine 142

Maine Boston Lending Resources 142

American Banker

MAY 28, 2020

The Federal Reserve Bank of Boston published details on the terms for lenders and borrowers to participate in the facility intended to provide coronavirus relief funds to middle-market firms.

Maine 57

Maine Boston Lending Marketing 57

PYMNTS

NOVEMBER 23, 2020

To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. Smart machine algorithms have allowed food delivery times to be accelerated, while AI-enabled voice assistants are helping restaurants rapidly fulfill orders.

Mobile 289

Mobile Boston Fraud Colorado 289

Payments Source

JANUARY 9, 2017

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Lending 60

Lending Cards Boston Massachusetts 60

PYMNTS

AUGUST 20, 2020

To that end, as evidenced by a number of statistics (and no shortage of commentary), the Main Street lending program — designed to, well, help Main Street — is falling short. The Main Street lending program is focused on companies that cannot raise funds in the capital markets through issuing, say, bonds, or selling equity.

Maine 218

Maine Lending Pennsylvania Boston 218

American Banker

JUNE 23, 2020

Participation in the Main Street Lending Program for midsize companies is partly about public service, but the core business rationale is building "a banking relationship that continues on for some time," the Boston Fed chief says.

Maine 61

Maine Boston Lending Company 61

PYMNTS

AUGUST 21, 2020

Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. The Main Street Lending Program is not exactly lighting a fire under mid-sized businesses to apply or banks to lend.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

APRIL 10, 2020

Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 The deal follows JetBlue’s announcement that it has temporarily consolidated service in Boston, Los Angeles, New York City, San Francisco and Washington, D.C.

Los Angeles 212

Los Angeles San Francisco New York City New York 212

Bank Innovation

SEPTEMBER 12, 2019

The Boston-based startup, which offers software designed to help banks find new corporate clients, pulls from […]. Numerated, a real-time marketing and sales platform for banks, raised $15 million this week to enhance its tech stack and grow its customer acquisition capabilities.

Tools 150

Tools Boston Software Capital 150

PYMNTS

JUNE 14, 2020

Not only has Square processed $100,000 in Bluebonnet payments annually, she said, Square’s lending arm has offered customers financing and she has used its software for customers to book sessions and launch marketing campaigns, the report said. Hudson told WSJ she plans to drop the company.

San Francisco 221

San Francisco Boston Washington Software 221

Bank Innovation

JUNE 21, 2016

As part of a broader digital-first strategy, Radius Bank partnered with Gradifi, a Boston-based startup, to launch a new MasterCard debit card that will help members reduce student loans. The new debit card will be available in the fall, the company said this morning. Here’s how it works: costumers will Read More.

Boston 256

Boston Cards Strategy Company 256

American Banker

MAY 24, 2020

Federal Reserve Bank of Boston President Eric Rosengren said he expects companies to begin receiving money through the central bank's long-awaited Main Street Lending Program within two weeks.

Maine 44

Maine Boston Lending Company 44

PYMNTS

SEPTEMBER 4, 2020

Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control. “We For its part, the Fed has tried to help the recovery by keeping short-term interest rates at near zero and offered a series of lending and liquidity programs. “We

US 194

US Boston Lending Report 194

Abrigo

NOVEMBER 12, 2020

Real estate lending BSA training should include GTO guidance. The newest order include s : Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle . The purchase price of residential real estate under this GTO remains at $300,000.

New York City 195

New York City Las Vegas San Antonio San Diego 195

American Banker

MAY 6, 2016

Loan growth at several Boston banks, including many former mutuals, is higher than the national average. Still, bankers are closely watching for any indication that a bubble is forming.

Boston 28

Boston National Community Bank Community 28

BankInovation

DECEMBER 7, 2021

Boston-based startup Numerated, which automates commercial loan generation, has acquired Fincura, Inc., a spreading automation and financial analysis fintech.

Fintech 96

Fintech Boston Analysis Software 96

American Banker

MAY 9, 2016

Boston Private Financial Holdings is expanding its footprint in California, opening a new office in Los Angeles on June 1. The company will have 35 offices nationwide, including 14 on the West Coast.

Boston 28

Boston Los Angeles California Company 28

PYMNTS

MARCH 13, 2019

area, Philadelphia and Boston. The branches will be “a mix of full-service branches that help customers and local small businesses with more complex needs, like lending and advice, as well as smaller, digital-first locations that assist customers [with managing] everyday transactions,” Chase said.

St. Louis 145

St. Louis US South Carolina North Carolina 145

Abrigo

MAY 11, 2020

The newest order includes: Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle. Real estate lending BSA training should include GTO guidance. Your BSA software should be customized to fit your risk profile. Learn more.

New York City 195

New York City Las Vegas Miami San Antonio 195

PYMNTS

AUGUST 12, 2016

Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

Lending 100

Lending Apple Cards Study 100

American Banker

JANUARY 9, 2017

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer lending business.

Lending 28

Lending Boston Cards Community Bank 28

PYMNTS

JANUARY 7, 2021

Today, SoFi’s suite of products includes 11 different offerings including a no-fee bank and savings account, debit and credit cards, student loans, mortgages, investments, auto/life/homeowners/renters insurance, as well as lending and planning services for small businesses. The Path Of The Neobank Supermarket.

Capital 150

Capital Los Angeles Boston Lending 150

American Banker

NOVEMBER 1, 2020

Professional Holding has opened an office close to Boston to make loans to aspiring CEOs — often recent business school graduates — who are looking to buy their first businesses.

Florida 78

Florida Boston Community Bank Community 78

CFPB Monitor

SEPTEMBER 21, 2020

Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Bruce Ocko, Senior VP Director of Mortgage & Consumer Lending, Bangor Savings Bank (Bangor, ME). Mae Watson Grote, Founder and CEO, The Financial Clinic (Brooklyn, NY).

DC 78

DC Mississippi Washington Oklahoma City 78

Celent Banking

FEBRUARY 28, 2017

Lending Product — for the most impressive consumer or business lending or collections initiative. Lending: Possibly threatened by alternative lenders, banks in this sub-category are improving the speed and convenience of loans for micro and small businesses.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Lending Product — for the most impressive consumer or business lending or collections initiative. Lending: Possibly threatened by alternative lenders, banks in this sub-category are improving the speed and convenience of loans for micro and small businesses.

Innovation 100

Innovation Lending Boston Trends 100

American Banker

JULY 9, 2020

But Boston Fed chief sees more interest among banks and borrowers if the economy worsens; the failed payments company is being investigated for its alleged role in a $100 million caper.

Maine 50

Maine Boston Fraud Payments 50

American Banker

FEBRUARY 18, 2020

The online lender's deal for Boston-based Radius would be the first in history in which a fintech buys a mainstream bank.

Boston 79

Boston Fintech Online Lending 79

Abrigo

NOVEMBER 11, 2019

including: Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle . Real estate lending BSA training should include GTO guidance. New York City and Miami were the original targets under the first order in 2016, but it has expanded periodically since then.

New York City 150

New York City Las Vegas San Antonio San Diego 150

PYMNTS

APRIL 2, 2018

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.

blockchain 171

blockchain Lending User Experience Mobile 171

PYMNTS

MAY 10, 2018

A new report commissioned by SWIFT , with research conducted by the Boston Consulting Group (BCG), is urging corporate banks in India to take action. With BCG and SWIFT urging banks to take “immediate action,” some banks have chosen to pivot away from corporate lending. ” Banks Need to Multitask.

Lending 100

Lending Analytics Retail Boston 100

PYMNTS

AUGUST 22, 2018

In this space just last month, we noted findings from Boston College that showed that 4,000 ICOs had raised $12 billion. One of the duo responsible for the Boston College paper, PhD candidate Hugo Benedetti, took note of the gold rush that comes when the timing is spot on. Past is prologue, as the saying goes.

cryptocurrency 100

cryptocurrency Boston United States Course 100

American Banker

AUGUST 12, 2020

The head of the Federal Reserve Bank of Boston said the central bank had acquired stakes in 32 business loans as of Monday, four times the amount from two weeks earlier.

Maine 42

Maine Boston Community Bank Community 42

Independent Banker

NOVEMBER 30, 2021

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. COVID-19 has spurred an increase in these remote authentication scams.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

JANUARY 13, 2020

She pointed to 2019 research from the Boston Consulting Group, which predicted that global trading on open accounts will make up as much as 60 percent of trade finance revenues — up from the current 45 percent — by 2027. That’s last-resort lending,” she said. . “We’re talking about $1.5

Regulation 140

Regulation Tools Strategy Compliance 140