Remove Capital Remove Innovation Remove Lending Remove Reference
article thumbnail

iWoca Looks To Grow SME Alt Lending Access

PYMNTS

Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital, enabling them to boost growth opportunities, investment options, commercialization of innovations and employment. This is not entirely unusual, as alternative lending is still a relatively new and growing category.

Lending 100
article thumbnail

Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). Community bank” typically refers to financial institutions under $10 billion in assets and a focus on their local communities, although there are no explicitly stated criteria. Community banks are critical to ag lending and small business lending.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banks are about to lose SMEs to Amazon

Bank Innovation

I recently sat down with the marketing team at Anthemis to talk about the changes happening in SME banking and the opportunity for innovation. But new businesses are often multi-jurisdictional from day one, multi-platform and technically sophisticated in everything from equity capital to treasury to accounting and payroll software.

Capital 316
article thumbnail

Ten Years Of Payments Innovation And Reinvention

PYMNTS

Sure, there was a slight lingering concern that a glitch in how the world’s PCs were programmed might accidentally bring on the tech-pocalypse affectionately referred to as Y2K. Uncertainty breeds entrepreneurship, [and] the people who rise from that are the entrepreneurs and innovators who spot the pattern much more so than others.

article thumbnail

Fifth Third Links Rejected Business Borrowers To Alt-Lender

PYMNTS

To offer expanded services as it pursues a digital innovation strategy of harnessing partnerships to provide an enhanced customer experience, Fifth Third is teaming with Fundation for small business loans. Companies that lack access to capital are not able to grow their operations or have had to cut their headcounts.

article thumbnail

Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

It’s a self-perpetuating scenario that keeps barriers to capital in place. In a recent conversation with PYMNTS, Raghav Mathur, head of data science and analytics at Singapore-based Grab Financial Group , discussed the opportunities in data technology that can address the region’s most pressing SMB lending needs.

Data 193
article thumbnail

Nav Rolls Out Updated Embedded Financing Tool

PYMNTS

Embedded finance, the release noted, refers to the integration of financial service technologies with other provider solutions. The method will grow tenfold in the next five years, the release stated, citing a Lightyear Capital analysis, as businesses look for ways to access simple, transparent business solutions.

Tools 167