PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. 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.

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PYMNTS

NOVEMBER 1, 2018

So it is with the Chinese alternative lending space, with various nomenclature in place, seemingly interchangeable, embracing P2P loans or internet lending – in short, funds flowing outside the confines of the bank branch and the teller window. Regulations take shape, usually quite a bit more slowly.

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PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

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PYMNTS

SEPTEMBER 17, 2019

France’s FairMoney , a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. Mobile FinTech is key to addressing financial inclusion for under-banked businesses and individuals, particularly in Africa where smartphone penetration is high.

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PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. The company said its loans, which are between $10 and $500, are dispersed to a mobile wallet or via a payment method of the customer’s choice. “At Tala currently operates in Kenya, Tanzania, the Philippines and Mexico, and has launched a pilot in India.

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PYMNTS

FEBRUARY 23, 2020

The company offers businesses working capital so they can borrow funds at a percentage of their income and pay them back in increments, as they make sales through the platform, minus a set fee that is determined by the company’s sales history. Both companies have said they also see the potential in the market.

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PYMNTS

AUGUST 30, 2016

The mobile payments firm now offers an eCommerce platform and small business lending services. The latter is its most recent venture, having announced last July that it would begin lending to its small business clients as part of an effort to expand into a digital bank. Paytm is run by parent company One97 Communications.

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PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Find out which alt lenders secured $77 million in venture capital, as well as the other startups across the U.S., Alternative Lending. Lendingkart. Five Star Business Finance.

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PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. Avant is really two businesses operating under one roof — connected in crucial ways, but separate in function. This is the bank’s product backed up by our brand.

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PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

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Fintech Analytics Capital Lending 179

PYMNTS

MARCH 18, 2016

The alternative small business lending market took home the biggest slice of cake this week with about $33.5 million worth of venture capital across two deals. But it was the big names from Google, Cisco and Hewlett-Packard that made for the week’s largest enterprise-focused venture capital round. SME Finance. and Europe.

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PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Their next target could be small business lending, and according to some experts, it’s fast approaching the market. New reports in Bloomberg on Wednesday (Oct. We’re starting to see that.”.

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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.

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PYMNTS

DECEMBER 17, 2020

Kakao Bank is one of only two digital banks in the country and became profitable in 2019, according to Reuters, after less than two years of operation. Once that goes through, it will be the first South Korean FinTech working in mobile payments to make a public debut. Kakao Pay , the FinTech arm of Kakao Corp.

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Samsung Digital Banking Security Fintech 243

PYMNTS

NOVEMBER 13, 2020

a specialty finance company that provides secured loans to venture capital-backed companies. . We are excited to support Getaround as they progress toward becoming a global leader in mobility.". The company aims to disrupt the $100 rental and mobility markets. It currently operates in some 300 U.S.

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Security Capital Mobile Technology 168

PYMNTS

JULY 21, 2017

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. An announcement by the financial institution (FI) this week said it now enables small businesses to apply for loans via its mobile app.

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PYMNTS

NOVEMBER 13, 2020

Singapore-based Osome announced $3 million in new funding this week as an extension of its seed round, with XA Network and AltaIR Capital providing the latest investment, TechCrunch reported. Entrée Capital and SBI Investment also participated, alongside other FinTech founders and angel investors.

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PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7

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Fintech Lending Regional Regulation 144

Bank Innovation

JUNE 27, 2016

Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit. Some of the shine seems to have come off fintech innovation in 2016. Read More.

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Innovation Lending Capital Fintech 285

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. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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Community Bank Capital Training Lending 195

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week.

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Fintech Capital Lending Operations 155

Bank Innovation

JUNE 12, 2017

As the year saw changes in financial regulation, startup culture, and trends in venture capital, innovation moved forward: blockchain labs were made, funding was fought for, mobile payment systems were integrated, and the limits of artificial […].

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Innovation blockchain Trends Capital 399

FICO

APRIL 1, 2021

At the end of last year, Amazon chief Jeff Bezos's personal venture capital fund joined a US$30 million funding round for African cross-border payments start-up Chipper Cash. Ribbit Capital also joined the funding round. It’s a mobile app that enables customers to transfer money across borders, fast and cheaply.

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Mobile Capital US Lending 52

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

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Lending Regulation Capital Industry 131

Abrigo

JULY 27, 2023

Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

SEPTEMBER 21, 2018

The departure will conclude nearly seven years in the position for Meissner, who spearheaded a “reshaping” of corporate and investment banking operations following its merger with Merrill Lynch post-financial crisis. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations.

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America Samsung Mobile Operations 135

PYMNTS

OCTOBER 2, 2017

The lenders provide the capital a business needs as quickly and easily as possible.”. Small businesses can apply for the financing online and must provide information by monthly gross revenue, showing that they have been in operation for at least six months. They have a set term and daily/weekly payment,” he continued.

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Lending Video Capital Marketing 100

PYMNTS

DECEMBER 8, 2019

B-North wants to disrupt the £154 billion UK business lending market. The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralized processing centers. percent in equity at a £14,247,942 ($18.7 million ($1.97

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PYMNTS

OCTOBER 14, 2020

But we remain strong, with our capital and liquidity levels well above regulatory minimums.”. The firm also reported an uptick in digital-banking activity during the quarter, with 32 million active digital customers (online and mobile), including 25.9 million active mobile customers. billion in the period, up 11.1

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Cards Operations Report Mobile 206

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.

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Capital California Analytics Management 169

PYMNTS

SEPTEMBER 27, 2019

A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations.

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Payments Capital Taxes Lending 149

PYMNTS

JUNE 17, 2016

While this week’s B2B venture capital roundup saw some usual suspects (like alternative SME lending), the firms that caught venture capital attention largely broke through the mold of what the industry has seen so far. Alt-Lending. The alternative lending space just keeps getting bigger. Enterprise Mobility.

Lending 100

Lending Capital Software Mobile 100

PYMNTS

SEPTEMBER 25, 2019

Among the biggest ongoing challenges and opportunities in payments – and a trend that will hold well into the 2020s, which are just about to start – is using mobile technology to bring more consumers into the formal financial sector. Nigerian banks don’t like to lend,” Hainy said. That’s not all. So that’s our starting point.”.

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How To Lending Digital Banking Examples 130

PYMNTS

DECEMBER 7, 2020

operations to PNC Bank , creating the fifth-largest regional player in the U.S. Firms with strong balance sheets, he said, have been in a position of strength to capitalize on select opportunities. Through the summer of this year, deal making was down 70 percent from a year earlier to 40 transactions.

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Google Examples Regional Lending 282

PYMNTS

FEBRUARY 24, 2017

The most lucrative players are operating in the SME finance space, with a small business banking startup landing more than a quarter of the funding. Alt-Lending. Industrybuying plans to use the latest financing to expand operations and would reportedly value the company at just under $200 million. B2B FinServ.

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Fintech Capital Lending blockchain 109