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Using digital lending helps to reach small businesses

Independent Banker

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

Lending 91
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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alkami partnered with Clinc for conversational AI, Atomic for direct deposit switching and FINBOA for payment dispute management. Credit union lending platform Clutch partnered with Zest.ai for automated underwriting.

Fintech 103
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Why Senior Debt Has Spent Two Decades Spiking

PYMNTS

credit card debt hit an all-time high of $930 billion, higher than the previous peak hit just ahead of the financial crisis of 2008. Much of the attention out of that report went toward the uptick in delinquencies that has followed up with the increase in card debt. About two weeks ago, U.S. It’s something we are looking into.”.

New York 130
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How community banks can address cybercrime

Independent Banker

“We have absolutely seen a rise in fraud of all types in recent months and years,” says Scottie Luke, senior vice president and chief risk officer for the community bank’s risk management department. Focus on vendor management for purchasing hardware and software. William Atkinson is a writer in Illinois. ICBAfraudresources.

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Major Medium of Exchange

Independent Banker

Debit and credit cards, direct deposits, paper checks, online and mobile bill payments and other technologies have changed the role of cash in our economy. The majority of our elderly customers still use all cash and checks, not debit cards. Personal cash management. Ed Avis is a freelance writer in Illinois. By Ed Avis.

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Getting Mobile Ready

Independent Banker

Community banks will continue to have representation in the mobile payments field through the Visa and MasterCard networks, and ICBA Bancard, ICBA’s electronic payments services program for community banks, is working closely with the card networks on the launch of Apply Pay as well as on other digital developments. Fees follow.

Mobile 105
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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

HQ: Chicago, Illinois. Tags: Consumer, banking, payments, deposits, loans, debit card. Consumer alt-lender. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92 billion ($654 million Equity, $1.26 billion Debt). Source: Crunchbase. Bridge2Solutions. Incentive & rewards systems for financial institutions.

Company 12