Accenture

AUGUST 29, 2021

The auto and equipment finance sector is evolving to address new customer expectations for bundled services and pay-per-use plans. For lenders and lessors, it’s time to think about whether a traditional financing model will continue to serve them adequately. In our latest…. In our latest….

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300

Accenture

DECEMBER 4, 2022

Adam and I were talking the other day about all the changes we’ve seen in the auto and equipment finance industry over the last two years. So many areas of the business have been affected by simply replacing in-person meetings with digital interactions. It’s also been a time of massive uncertainty, with climbing inflation and….

Meeting 284

Meeting Industry 284

South State Correspondent

APRIL 9, 2024

The primary reason for this shift is not a change in borrowers’ business models or banks’ preference for repricing term loans, but rather, borrowers’ decision to seek short-term financing in anticipation of the Federal Reserve embarking on an interest rate cutting cycle. cuts through the end of the year.

How To 195

How To Community Community Bank Marketing 195

Perficient

APRIL 8, 2024

A top-leading bank, grappling with business and regulatory challenges, faced scrutiny after failing the Federal Reserve’s annual stress test. Partnering with stakeholders across risk, finance, technology, and operations, Perficient ensured seamless execution of capital and risk transformation (CART) PMO governance and oversight.

Compliance 221

Compliance Management Guidelines Risk Management 221

Accenture

MARCH 28, 2021

Digital transformation is a difficult and complex undertaking for auto and equipment finance organizations. The post Why is digital transformation so difficult for auto and equipment lenders? But we believe it’s a critical initiative for…. But we believe it’s a critical initiative for….

Marketing 243

Marketing 243

Accenture

MARCH 28, 2021

Digital transformation is a difficult and complex undertaking for auto and equipment finance organizations. The post Why is digital transformation so difficult for auto and equipment lenders? But we believe it’s a critical initiative for…. But we believe it’s a critical initiative for….

Marketing 195

Marketing 195

PYMNTS

MAY 29, 2019

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing.

Capital 128

Capital Lending Taxes Analysis 128

PYMNTS

DECEMBER 20, 2018

OnDeck will be adding a new corporate financing product to its offering next year: equipment finance. 19) OnDeck said it will introduce equipment finance loans to certain U.S. Terms range from 24 to 60 months, it said, backed by used and new equipment companies have in place.

Lending 130

Lending Online Survey Marketing 130

PYMNTS

MAY 29, 2020

Access to capital for small- to medium-sized businesses ( SMBs ) has always been vital, as well as a challenge. Borrowers don’t always have a consistent experience in their hunt for financing, either. Financing Modernization. But the price tag is rarely painless. In some cases, tax advantages may be available.

Capital 168

Capital Technology User Experience Strategy 168

PYMNTS

DECEMBER 2, 2020

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. On Tuesday (Dec. On Tuesday (Dec.

Capital 302

Capital Lending Online Software 302

PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. But most people forget that we're still talking about small businesses with a limited number of resources.".

Capital 356

Capital Online Tools Lending 356

PYMNTS

FEBRUARY 17, 2020

The expansion of BankFinancial Equipment Finance brings its leasing capabilities to governmental, middle-market and small businesses, BankFinancial announced on Friday (Feb. BankFinancial already has a strong reputation in the corporate leasing segment of the market. Morgan Gasior, chief executive officer of the bank.

Illinois 131

Illinois Lending National Conference 131

PYMNTS

JANUARY 3, 2021

Finance Factory has rolled out its new automated credit review platform, which will be able to analyze 27 data points quickly and determine a borrower's fundability, a press release says. In addition, according to the release, the company is now paying its finance agent referral partners 25 percent commission rates.

Lending 244

Lending Tools Cards Data 244

Perficient

JANUARY 27, 2021

To prepare for the challenges of tomorrow, it is imperative that modern finance leaders are equipped with the knowledge and tools to make informed and sound strategic decisions.

Analytics 348

Analytics Resources Tools Management 348

Accenture

OCTOBER 9, 2019

For equipment finance companies we might revise and say, “You’re financing a hole.”. Whichever part of the equipment business you are in—selling or financing—time is of the essence when the customer is ready to make a decision. There’s an old marketing adage that says, “You’re not selling a drill.

Survey 150

Survey Technology Marketing Industry 150

Payments Source

DECEMBER 19, 2018

The online lender will roll out the business early next year with a focus on loans of less than $100,000.

Online 60

Online Capital Lending Retail 60

PYMNTS

FEBRUARY 14, 2020

has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement. Technology and equipment vendors can be live in a matter of minutes, offering real-time POS lending with little or no integration needed. “As CIT Group Inc.

Lending 151

Lending Groups Online Technology 151

American Banker

APRIL 4, 2016

BofI Holding in San Diego has bought an equipment finance business from PacWest Bancorp in Beverly Hills, Calif.

San Diego 28

San Diego CA Community Bank Community 28

PYMNTS

DECEMBER 19, 2018

Online small business lender OnDeck has announced that it will offer equipment finance loans to select U.S. small and medium-size businesses (SMBs) next year. Starting next year, OnDeck will offer its own equipment finance loans, ranging from $5,000 up to $100,000, with terms anywhere from 24 to 60 months.

Online 110

Online Technology Marketing Operations 110

American Banker

FEBRUARY 1, 2021

The Detroit company, which recently agreed to be sold to Huntington Bancshares, gained $1 billion in loans and roughly 60 employees.

Detroit 34

Detroit Company Lending 34

American Banker

DECEMBER 2, 2016

Radius Bank in Boston has bought a national equipment-finance business from NewStar Financial in Boston.

Boston 28

Boston National Community Bank Community 28

PYMNTS

NOVEMBER 18, 2020

New Jersey-based invoice-to-cash platform Billtrust has upgraded the machine learning (ML) capabilities of its business-to-business (B2B) cash application software, the company announced Wednesday (Nov. The Billtrust cash application has a “predictive, automated matching engine” with almost 100 percent accuracy. .

New Jersey 256

New Jersey Software Payments Data 256

CFPB Monitor

SEPTEMBER 5, 2023

This past Thursday, August 31, another preliminary injunction motion was filed in the Texas lawsuit challenging the CFPB’s small business lending rule (Rule).

Texas 78

Texas Lending 78

PYMNTS

APRIL 25, 2019

Confidence in the equipment finance industry has dropped in recent weeks, new data from the Equipment Leasing and Finance Association (ELFA) revealed. There’s also the matter of keeping up to date with the latest equipment models and technologies, Holmes noted. “We’ve seen a big shift.

Survey 122

Survey Operations Industry Payments 122

PYMNTS

AUGUST 9, 2020

Some smaller businesses might not have the resources or education to pull off seamless invoicing, according to Sandra Rowley, head of marketing for U.K. The struggle can be seen in a majority of businesses using loans to fund day-to-day spending, rather than investing in new equipment to help with financing in the future.

Google 362

Google America Risk Management Regional 362

American Banker

OCTOBER 25, 2021

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60

PYMNTS

MAY 13, 2020

With restaurants switching their business models to curbside pickup or delivery only — or are outright shuttering their doors for the time being — the food service industry has been one of the hardest hit by the pandemic. Restaurant closures are impacting companies all along the supply chain, including suppliers of equipment and machinery.

Industry 132

Industry Customer Experience Payments Strategy 132

South State Correspondent

MARCH 19, 2024

Upselling and cross-selling can increase revenue by more than 100% and add ten or more percentage points to ROE Consider the entire array of products that a community bank may offer in the list below: Business checking, savings or money market accounts Merchant processing Wire transfer services Automated clearing house services (ACH) Overdraft protection (..)

Community Bank 195

Community Bank Community Industry Cards 195

PYMNTS

AUGUST 29, 2018

The equipment financing and leasing market has experienced several years of growth, according to data from the Equipment Finance and Leasing Association (ELFA), and is expected to see continued expansion as a result of a strong economy and a positive corporate outlook. percent, researchers found.

Marketing 100

Marketing Industry Data Company 100

PYMNTS

DECEMBER 22, 2020

Digitization has opened up the floodgates for small and medium-sized businesses (SMBs) looking to do business with partners across borders, whether that's as buyers, sellers, third-party logistics providers or other vital counterparties that keep the international trade wheels turning. Intensifying Challenges.

Resources 266

Resources Fraud Tools Technology 266

PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Capital 178

Capital Tools Lending Community 178

CFPB Monitor

SEPTEMBER 6, 2023

The CFPB has filed its opposition to the motion for a preliminary injunction filed by the plaintiffs in the Kentucky federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The plaintiffs in the Kentucky lawsuit are the Kentucky Bankers Association and several Kentucky banks. Continue Reading

Kentucky 88

Kentucky Lending Texas Community Bank 88

PYMNTS

OCTOBER 1, 2020

As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. Wells Fargo & Envestnet.

Fintech 228

Fintech Data Risk Management Management 228

PYMNTS

SEPTEMBER 28, 2020

Specialist asset finance provider Propel is working with Barclays to offer new access to assets for small- to medium-sized businesses (SMBs), according to a press release. That will let businesses make purchases up to 2 million pounds ($2.6 million), with quickly released funds, often in less than a day.

Online 187

Online Management Marketing Company 187

PYMNTS

FEBRUARY 1, 2021

In today’s top retail news, Amazon Go stores in Seattle are reportedly being equipped with Amazon One palm-reading scanners, while automotive brands are taking control of digital purchasing platforms. Plus, fashion-based small and medium-sized businesses (SMBs) are getting a new marketplace option.

Washington 217

Washington Seattle Retail Online 217

Perficient

NOVEMBER 27, 2023

This has challenged many organizations to better optimize and intelligently automate business processes and experiences. Process mining offers a data-driven, automated, and objective approach to analyzing business processes. From there, business processes can be modeled, analyzed, and then optimized.

Industry 221

Industry Regulation Compliance Data 221

PYMNTS

JANUARY 31, 2021

The corporate and specialty banking teams include divisions for Asset Based Lending, Equipment Finance, Institutional Healthcare and Higher Education, Commercial Real Estate and Global Trade Finance. Small Business Administration (SBA) lending, according to the release. But only around 7.4

Lending 181

Lending Survey Community Marketing 181