Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MARCH 29, 2020

Tens of thousands of households are in dire financial straits, sending more people turning to unsecured personal loans and credit cards for a quick bailout. Bigger lenders — JPMorgan Chase , Bank of America , Capital One and Santander — are pouring over various borrowing rules and making revisions, informed sources told the WSJ.

America 198

America Capital Cards Lending 198

PYMNTS

NOVEMBER 3, 2020

This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South-East Asia,” Statrys Founder and CEO Bertrand Theaud said in the announcement.

Payments 263

Payments Resources Lending Online 263

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending. MarketInvoice.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

DECEMBER 8, 2020

Plus, online lending startup SoFi is looking to go public through a SPAC. economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE).

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

JANUARY 12, 2021

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. Revolution Payments has unveiled a Level III credit card processing offering for those who use Salesforce , according to a Monday (Jan. 11) announcement.

Arkansas 152

Arkansas New Jersey Oregon Capital 152

PYMNTS

APRIL 6, 2020

America is still the most prosperous nation the world has ever seen.”. He added that the Fed could do more, such as “including additional lending facilities and relaxing capital and liquidity requirements to boost the system if needed.”. trillion a year.

Strategy 159

Strategy Resources America Cards 159

PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. China’s central bank gave Mastercard the green light on Feb.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JULY 18, 2016

and, tomorrow (July 18), Donald Trump will officially accept the nomination of the Republican Party at its national convention, where Peter Thiel is the headline speaker. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here. Need to know more?

Lending 100

Lending Payments Metro Cards 100

BankBazaar

APRIL 11, 2023

National, March 30, 2023: BankBazaar.com , India’s leading fintech co-branded Credit Card platform and online provider of free Credit Scores, closed FY23 with net revenue of ₹160 crore. The company grew its net revenue for FY23 by 60% over FY22 on the back of a 60% growth in its Credit Card issuances.

Branding 78

Branding Capital Cards Retail 78

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Lending Training 195

PYMNTS

OCTOBER 1, 2018

What does small business (SMB) lending look like? seems to be kicking off, showing evidence of surpassing traditional bank lending at many times. In Mexico, small business lending is muted across the board. In Mexico, small business lending is muted across the board. For example, alternative finance in the U.K.

Lending 115

Lending Survey Data National 115

PYMNTS

APRIL 5, 2019

Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. local time, as per National Automated Clearing House Association (NACHA) caps, as long as small businesses complete their booking or line of credit draw by 10:30 a.m. on a business day.

Capital 109

Capital Lending America Online 109

PYMNTS

JANUARY 26, 2018

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Alternative Lending.

Capital 135

Capital Lending Resources Oregon 135

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. PayPal’s iZettle Introduces QR Codes At POS For UK Merchants.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

OCTOBER 10, 2016

Alternative lending platforms integrating with providers of other financial services has become a new norm. Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spend management platform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa.

Management 100

Management Lending Cards Capital 100

PYMNTS

OCTOBER 14, 2016

The unbanked are often young employed workers that have not built up a credit history and do not own a credit card. According to Forbes, the past few years has seen an increase in bad loans that has caused traditional lenders to be more cautious in their lending, and that includes the nationalized banks.

Lending 100

Lending Capital Maine Cards 100

PYMNTS

MARCH 27, 2019

While the initiative is good news for the nation’s cannabis firms, the publication noted that any passage of the legislation is likely to ramp up competition with northern neighbors in Canada, where recreational marijuana was legalized earlier this year. industry players have faced in accessing financing to help them grow and compete.

Capital 119

Capital Industry Regulation Lending 119

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets.

Fintech 166

Fintech New York US National 166

PYMNTS

JUNE 6, 2016

Biz2Credit is expanding its small business lending operations into a market without much experience with alternative finance. While India may not have the most robust alternative lending industry in the world, it’s the size of its SME population that’s attracting Biz2Credit, the company said.

Marketing 100

Marketing Lending Guidelines National 100

PYMNTS

JANUARY 6, 2019

It also said it will help government workers who could miss a payment on a car, credit card or mortgage payment. Meanwhile, Marcus , the online lending unit of Goldman Sachs, said in a tweet that it was here for government workers whose payroll is impacted by the government shutdown.

America 178

America Report Lending Meeting 178

PYMNTS

MAY 7, 2020

And often, drilling down into business segments and management commentary provides insight into just how we as a nation are faring, depending on where you look. All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. The Great Pivot. Customers stored more than $1.3

Maine 141

Maine Online Capital Retail 141

PYMNTS

FEBRUARY 10, 2017

Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said. Alternative Lending. Capital Float. million , India’s Zen Lefin, better known as Capital Float, will expand its abilities to lend to SMEs. Securing more than $2.5 Investors have provided $2.55

Fintech 100

Fintech Capital Lending Data 100

Gonzobanker

FEBRUARY 8, 2022

Importantly, bank execs realize they are missing their share of potential revenue in areas like small business, consumer lending, credit cards, and mortgage because gaps in customer experience and marketing mean their at-bats at acquiring leads risk a dangerous decline. A new frontier of efficiency will arrive.

Fintech 166

Fintech Customer Experience Conference Technology 166

PYMNTS

JUNE 24, 2016

Online lending . But on the upside, with the various scandals, higher than expected default rates, and a loss of stock market investor confidence that neatly mirrors the diminishing confidence of platform investors, the various online lenders of the nation have likely gotten good at bracing themselves. Costco Card.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

JUNE 22, 2018

Alternative finance apparently won’t stop catching the attention of investors — at least, not any time soon, if this week’s B2B venture capital roundup is any sign. Drip Capital. Konfio offers an unsecured lending platform with integrated data analytics capabilities to target underserved SMBs in Mexico.

Capital 130

Capital San Francisco blockchain Cards 130

PYMNTS

APRIL 16, 2019

A solution, he told PYMNTS four years ago , that had nothing to do with financial services or lending at all — they were actually studying hiring and figuring out ways to track employability over time with data. Our simple idea was that better technology and better data science could improve access to credit,” Girouard said.

Kansas City 223

Kansas City Lending Omaha Kansas 223

PYMNTS

AUGUST 19, 2019

Sanborn tells Webster that, at least from where he and Lending Club sit, expanding origination services, honing cost efficiencies and introducing a broadened palette of credit offerings will help the company weather any near-term macroeconomic headwinds. Looking Back To Look Ahead. The Bank Charter.

Lending 123

Lending Capital United States National 123

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. They should have been investing in fintech growth businesses and they had the capital to do it.” Expect more deals to be announced in 2024.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. Card Weakness. Capital One reported a write-off rate of 5.1

Millennials 103

Millennials Lending Capital Cards 103

CFPB Monitor

MAY 16, 2019

Senator Bernie Sanders recently announced that he will be introducing a bill, the “Loan Shark Prevention Act ,” that would amend the Truth in Lending Act (15 U.S.C. Prevailing interest rate levels threaten the safety and soundness of individual lenders, as evidenced by adverse trends in liquidity, capital, earnings, and growth.”.

Pennsylvania 87

Pennsylvania Lending Omaha National 87

PYMNTS

MAY 18, 2018

Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. Endeavour Catalyst and Satya Capital also participated. California’s Plastiq provides small businesses with a commercial card solution to facilitate bill and expense payments. Small Business Banking. Blockchain.

Fintech 134

Fintech blockchain Analytics Capital 134

PYMNTS

AUGUST 7, 2018

OnDeck Capital reported second quarter results that showed continued growth in loan originations and improved credit quality metrics. On the conference call, management noted the strength of small business lending that has continued against a sanguine macroeconomic environment. percent, where last year it was 7.2

Conference 100

Conference Lending Analytics Capital 100

PYMNTS

JULY 8, 2016

With nearly $50 million in venture capital funding for B2B startups this week, the field didn’t fare too bad. With $3 million in new venture capital, Australia-based Airwallex is helping businesses pay and issue cross-border invoices in the currency of their choice. ” Alternative Lending. Cross-Border B2B Payments.

Capital 101

Capital Lending Industry Management 101

PYMNTS

MARCH 30, 2020

PYMNTS conducted this study before the historic $2 trillion stimulus bill was passed, and before there was clarity about the role the government would play in giving SMBs access to the capital they needed to stay afloat. The question then shifts to how much cash SMBs have on hand to ride things out, and the source(s) of that capital.

Maine 232

Maine Data Capital Study 232

PYMNTS

JANUARY 17, 2019

for the forth month in a row, citing National Federation of Independent Business analysis. 15) from Balboa Capital found in its own Q1 2019 small business owner survey that economic confidence is strong, and is expected to remain as such for the year ahead. Separate research published Tuesday (Jan.

Survey 152

Survey Capital Report Analysis 152

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Questions directed at Ms.

Policies 60

Policies Lending Data Online 60