PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

PYMNTS

DECEMBER 8, 2020

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). Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. percent in the past 24 months, according to a recent survey by LexisNexis. Small- to medium-sized ( SMBs ) are the backbone of the American economy: 30.7

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

NOVEMBER 27, 2018

So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. Nearly half of all small businesses surveyed plan to take out a loan in the next year, and nearly two-thirds anticipate a sales increase (only 5 percent expect their sales to decline).

Lending 159

Lending Fintech Capital Report 159

PYMNTS

MARCH 13, 2019

But mobile devices are an increasingly important part of a small business’ financial management strategy, adding another channel on which banks and FinTechs must innovate to disrupt and improve SMB finances. One of the biggest impacts of mobile-based services will be the shift from weekly or monthly processes to operating in real time.

Mobile 169

Mobile Fintech Software Tools 169

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.

Innovation 186

Innovation Survey Fintech Community 186

PYMNTS

JANUARY 17, 2018

The commercial card and expense management market is yet another space in which collaboration between FIs and FinTechs has proved key to driving innovative tools – especially as corporates grow weary with the traditional legacy services their banks provide.

Fintech 187

Fintech Data Cards Innovation 187

Abrigo

FEBRUARY 23, 2022

A recent survey by Abrigo found that 87 percent of banks surveyed are working to win more small business loans in 2022. Configured vs. Customized Considering the complexity of the banking technology ecosystem, it is rare that a financial institution has the capital and wherewithal to build its own lending software system.

How To 195

How To Lending Software Survey 195

PYMNTS

OCTOBER 11, 2019

After one of the busiest weeks of the year for B2B startup venture capital funding, this week revealed a bit of a lull in the market. Led by Swisscom Ventures and Edenred Capital Partners, the funding saw participation from existing backers Lakestar and Notion Capital as well, while Columbia Lake Partners also provided funds.

Capital 169

Capital California Analytics Management 169

Abrigo

FEBRUARY 27, 2020

Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts. Survey: Repetitive data entry common. Another 9% of respondents said turnaround is 8 weeks or longer. learn more.

Lending 243

Lending Survey Data System 243

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Across The Next-Generation AP Automation Space. Growth encouraged the media company to switch to automated processes.

Software 223

Software Fraud System Survey 223

PYMNTS

DECEMBER 8, 2020

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators.

Video 211

Video Report Meeting United States 211

PYMNTS

AUGUST 12, 2019

While Credibly’s commentary suggests demand is up for alternative lenders and FinTechs, separate data from the Biz2Credit Small Business Lending Index revealed traditional banks are also seeing an increase in approved small business loan volume. operations have seen challenges — and the company has decided to delay a launch in Canada.

Lending 144

Lending US Capital Data 144

PYMNTS

MAY 24, 2018

A new survey released this week by the U.S. The CEO of the Dubai Multi Commodities Centre (DMCC), Gautam Sashittal, likened FinTech’s impact on modern trade as that of the advent of the shipping container in the 1950s. Federal Reserve finds small businesses are enjoying boosted confidence (and revenues).

Survey 100

Survey Fintech blockchain New York 100

PYMNTS

SEPTEMBER 8, 2020

Thunes, the FinTech startup that operates a global cross-border payments network for emerging economies, announced on Tuesday (Sept. Capital Management is seeking to keep the $175 million it received when Citigroup accidentally paid out several Revlon lenders around $900 million in total.

Payments 141

Payments California Apple Video 141

PYMNTS

OCTOBER 1, 2020

There is a working capital benefit a card gives that supports both the buyer and supplier. The supplier gets guaranteed payment, and the buyer now gets some additional working capital. More efficient working capital management is especially desirable as the pandemic stretches on longer than most observers would have imagined.

Capital 193

Capital Payments Cards Groups 193

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." The institution can more easily capitalize on opportunities and avoid unnecessary risk. Reduce operating cost while ensuring loan policy consistency. Read this blog for five big reasons to automate SMB/commercial lending now.

Lending 221

Lending Risk Management Community Management 221

PYMNTS

SEPTEMBER 24, 2019

Also participating were Group 11 and new investors Greenspring Associates, TrueBridge Capital Partners, and 01 Advisors, the latter launched by former Twitter executives, TechCrunch reported on Tuesday (Sept. San Mateo accounts payable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures.

US 124

US Capital Survey Tools 124

PYMNTS

JANUARY 17, 2020

bank deposit accounts, according to a survey released by the American Bankers Association. Global Blue Acquisition Capitalizes On Consumer X-Border Spend. Only two weeks into 2020, mergers and deal-making in payments, specifically within digital payments and FinTech, are sizzling. Check fraud has spiked from $8.5

Marketing 130

Marketing Fraud Payments Apple 130

PYMNTS

APRIL 22, 2019

The massive global trade finance gap is the topic of conversation for many banks and FinTech firms looking to strengthen their position in the market. A recent survey from Strategic Treasurer found that 77 percent of banks point to KYC as the biggest hindrance to supply chain finance operations.

Compliance 134

Compliance Regional Survey Fintech 134

PYMNTS

MAY 16, 2018

Worse, soon after, the ADP released a report that found FinTech – and that expansive market of alternative trade finance players – has yet to make a meaningful impact on the lack of capital available to global traders. Late last year, the Asia Development Bank calculated a $1.5 trillion trade finance gap in existence today.

Survey 124

Survey Capital Fraud Payments 124

NCR

AUGUST 17, 2017

Fintech firms are making an increasingly significant contribution to the financial services industry. This is a very real possibility in the EU, with the European Banking Authority (EBA) recently publishing a discussion paper outlining its approach to fintech. billion in the second quarter of 2017, up from $0.1 billion a year earlier.

Regulation 51

Regulation Fintech Exercises Capital 51

PYMNTS

JANUARY 16, 2020

But many small and medium-sized businesses (SMBs) are missing out on API breakthroughs that could enhance operations — improving cash flow, for example — and part of the reason may be lethargic legacy banks. debut, it’s ironic that roughly half of SMBs recently surveyed don’t believe that it can or will impact them.

Examples 133

Examples Payments Fintech Data 133

PYMNTS

APRIL 22, 2020

In an effort to help businesses that are struggling to continue operating in a work-from-home environment, Taulia has debuted its Rapid Start Invoicing solution, a tool that enables small vendors to digitize their invoicing process. The AP FinTech recently announced that it will deploy a $4.35 Previse Automates Invoice Exceptions.

Capital 140

Capital Payments Tools Company 140

PYMNTS

MAY 3, 2019

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). However, with business owners and entrepreneurs often taking a page out of their personal lives as consumers, the eventual adoption of emerging solutions is an inevitable part of FinTech innovation.

Payments 151

Payments Fintech Customer Experience Technology 151

PYMNTS

NOVEMBER 21, 2016

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. billion was invested in FinTech startups in Q3 2016 , calculated KPMG and CB Insights in their most recent Pulse Of Fintech report. and Europe dominated in 2015. 83% of U.S.

Strategy 100

Strategy Lending Capital America 100

Insights on Business

SEPTEMBER 6, 2017

Not only are financial institutions being squeezed by growing costs and continued margin pressure, agile FinTechs are driving an imperative for hybrid cloud banks to become more open and agile in order to offer more compelling services to clients. Improved operational efficiency.

Fintech 146

Fintech Innovation Digital Strategies Strategy 146

PYMNTS

MARCH 16, 2018

But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. Because APIs facilitate integration between two services, the technology allows FinTechs to innovate in their niche markets, rather than attempting to be a jack of all trades. It’s a sentiment echoed throughout the B2B FinTech market.

Risk Management 134

Risk Management Survey Management Fintech 134

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. What a year.

Community 216

Community Fintech Industry Innovation 216

Bank Innovation

JULY 17, 2018

In the survey conducted this month by Bank Innovation, banking consumers gave mobile banking a net promoter score of 12, which is in the bottom 25% to 50% of all NPS scores. Banking consumers take a middling view of today’s mobile banking applications, according to a study by Bank Innovation. NPS scores range from -100 to […].

Innovation 210

Innovation Mobile Study Survey 210

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations.

Lending 122

Lending Cards FDIC Capital 122

PYMNTS

MARCH 2, 2017

In this week’s Brexit Tracker , major tech firms show they still have an eye on Britain, surveys show the tech sector faces some major losses and FinTech may be looking to jump the U.K. Surveys Say No. Hello, FinTech Exodus? FinTechs may be one step closer to running for the hills as a result of Brexit.

Fintech 100

Fintech Policies Survey Software 100

Abrigo

FEBRUARY 3, 2020

Creating more efficient operations and improving customer experiences are the goals driving technology strategies and investments at many U.S. financial institutions, according to Bank Director magazine’s latest survey of CEOs, executives and directors for its 2019 Technology Survey. Technology spending priorities.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

MAY 15, 2018

With FinTech working to allay fears that RPA will replace human jobs, professionals are anticipating greater adoption of the technology by their employers: A survey from Pegasystems published earlier this year found that nearly 70 percent of professionals believe that, eventually, the word “workforce” will mean both human and robot.

Survey 100

Survey Technology Report Data 100

PYMNTS

JUNE 20, 2018

Still, there is an opportunity for community banks to fill: Less than a fifth of SMBs surveyed by FIS said they are using the mobile products offered by their community banks – for instance, signaling room for these smaller FIs to improve penetration of digital products with their entrepreneurial clients. “But they have to want it.”

Community Bank 101

Community Bank Community Fintech Survey 101

PYMNTS

JUNE 6, 2019

Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report. Like banks, credit unions are increasingly collaborating with FinTech firms to drive adoption of new technologies, with 48.5

Lending 129

Lending Analytics Data Security 129

PYMNTS

JANUARY 6, 2020

Yet, the broader perception of smaller financial institutions (FIs) in the industry is that these banks lack the resources that larger banks offer, as well as the agility of emerging FinTech firms, to promote product and service innovation to their SMB clients. A Consolidating Industry. Embracing Technological Disruption.

Community Bank 123

Community Bank Community Payments Fintech 123