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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

For small businesses, expansion is key, and expansion needs capital. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. The other 50 percent, he said, comes from the SMBs that are being overlooked by the traditional financial services community, he told PYMNTS — and who create a majority of jobs in the region. trillion globally, according to Shoihet.

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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Here In The States. In the United States, sandboxes are grabbing a bit of headline space.

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Building A Better Lending Model To Serve SMBs Who Served

PYMNTS

percent, are owned by veterans of the United States Armed Forces. And so with his friend, former Capital One executive and former South African Air Force member Mickey Konson, he founded StreetShares , Inc. “We That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements.

Lending 119
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Singtel’s Dash Plans Remittance Service; KinerjaPay Notches $200M Investment

PYMNTS

In addition, Pakistan’s Telenor Microfinance Bank unveiled a cross-border remittance service based on Alipay’s blockchain technology, Indonesia’s KinerjaPay notched an investment of $200 million from a construction firm in the region and mobile payments are on the rise in China.

Regional 128
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The impact of lower energy prices on banks

Abrigo

Analysts examined banks with at least 25 percent of deposits held in oil- and gas-dependent counties in order to investigate the impact of direct lending to local oil and gas firms and indirect lending to companies servicing the sector. Lower energy prices have had only a modest effect on banks’ profitability and capital adequacy.”

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Stuck in the middle: Addressing the gap in senior housing with financial solutions.

PopularBank

As the youngest baby boomers approach retirement, the number of retirees in the United States keeps growing, with many of them retiring as middle-income seniors. Take advantage of attractive distressed assets that can help owners and operators expand their portfolio, expand their footprint or become a regional leader.