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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. It’s critical for community banks to have online loan applications, process automation staff skilled in digitization and more. Benefits of digital lending. Ensure a more consistent lending process.

Lending 91
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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. You can receive the money in the following ways: mailed check prepaid debit card direct deposit to your bank account Reporting the Loan to Credit Bureaus.

Idaho 52
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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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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. Ed Avis is a freelance writer in Illinois. By Ed Avis.

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

Fintech Labs Insights

HQ: Chicago, Illinois. Online financial advisor. 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. Total raised: $35 million.

Company 12
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Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20

Fintech Labs Insights

Financing online consumer purchases. Online small business financing. HQ: Chicago, Illinois. Prepaid card platform. Prepaid card services. Online health insurance broker. Tags: SMB, payments, mPOS, merchants, acquiring, hardware, credit/debit cards. Source: Crunchbase. HQ: Sydney, Australia.

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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Online insurance. HQ: Chicago, Illinois. Prepaid debit card for youth. Alt-lending. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Latest round: $134.5 Total raised: $134.5 HQ: Auckland, New Zealand. Source: Crunchbase.