PYMNTS

DECEMBER 29, 2020

Jack Ma’s Ant Group is considering moving all of its financial services units to a separate holding company that would be regulated like a bank, Reuters reported on Tuesday (Dec. Alipay, Ant’s payments division, would also likely be moved to the new holding company. 29), citing sources. told Bloomberg on Monday (Dec.

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PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. Together, we will apply cutting-edge technologies to provide superior lending services for SMEs.” A press release issued on Sunday (Jan.

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Lending Analytics Compliance Fintech 131

Independent Banker

APRIL 30, 2022

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Quick Stat.

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Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

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Lending FDIC Capital Risk Management 195

PYMNTS

FEBRUARY 14, 2020

has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement. Technology and equipment vendors can be live in a matter of minutes, offering real-time POS lending with little or no integration needed. “As

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Lending Groups Online Technology 151

Cisco

JUNE 7, 2022

In between these events, a different crisis began in the US sub-prime lending market. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Cisco Secure X is a cloud-native, built-in intelligence platform that connects the Cisco Secure portfolio and your infrastructure.

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Risk Management Management Cyber Security Handbook 118

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. Loans for life insurance companies increased 5%, and government-sponsored entity (GSE) originations fell 1%. Managing CRE portfolios will require lenders to follow best practices for underwriting and loan reviews.

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Lending Trends FDIC Survey 195

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

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Abrigo

MAY 15, 2020

As the initial rush to secure PPP loans dies down, financial institutions now face a new set of questions: How do financial institutions handle misused, unforgiven loans and fraudulent loans? Furthermore, the FAQ clarifies that the loans were not intended for companies with access to equity in the market. Lending & Credit Risk.

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PYMNTS

OCTOBER 5, 2020

Nexi , the Italian digital payment company, agreed Sunday (Oct. The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 This is not the first mega deal involving FinTech companies. Earlier this year, Wordline SA , the French payment company, paid 7.8 billion euros ($5.4

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Company San Francisco Payments Fintech 151

PYMNTS

JULY 29, 2019

California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a Treasury Management Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We

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California Management Sacramento Regional 108

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Contacting a branch manager might yield insight on depositors for potential upsells for loans. Drive faster lending decisions.

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Lending Analysis Taxes Data 150

PYMNTS

DECEMBER 2, 2019

Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the “oversubscribed” funding round — one of the largest for a FinTech startup in Southeast Asia.

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Lending Fintech Risk Management Management 131

South State Correspondent

FEBRUARY 22, 2024

You can’t develop lending expertise overnight. A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Bank management is hyper-focused on net interest margin. Securities are the most liquid and are the easiest to shift.

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PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. 3) that it secured $250 million in equity funding from a subsidiary of SoftBank Group.

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Lending Capital Fintech Data 109

PYMNTS

JULY 22, 2019

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. The business will target early stage startups through mature growth companies, with a focus on the technology, healthcare, and life sciences industries.

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PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. just secured more than $97 million through an initial public offering. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. reports noted.

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Lending Capital Groups Financial Technology 122

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. LOS process management features.

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System Lending Analysis Software 195

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending. Keep an eye out for potential changes in the final rule.

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Data Lending Compliance Resources 195

PYMNTS

JULY 17, 2019

Financial institutions are in a constant balancing act: open up access to capital for borrowers to promote economic growth and financial inclusion and mitigate against the risk exposure lending produces — sometimes with disastrous implications for the global economy. According to Price, data is at the heart of all of these balancing acts.

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Data Management Analytics Compliance 130

PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The SEC claimed that Qin and the company have been misleading investors since 2018 over Sigma Fund’s financial condition, assets and strategy.

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Capital Security cryptocurrency Fraud 175

Abrigo

SEPTEMBER 5, 2023

Portfolio segments should be monitored and managed, not get buried in exception counts. unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). This is particularly true of credit exceptions related to account management (e.g., It just stays on forever.

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Policies Lending Risk Management Examples 195

PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 The individual was charged with different contraventions of securities laws in a U.S. He purportedly attracted investors with claims he managed $100 million and vows of high profits, according to the report.

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PYMNTS

MAY 31, 2016

Has the Lending Club debacle taught the alternative lending industry anything? The marketplace lending space has continued to expand, even following the fallout of Lending Club revelations about improper loan management and the sudden exit of its CEO. Reports last year said the company was one of the U.K.’s

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Lending Security Industry Report 100

PYMNTS

NOVEMBER 5, 2020

Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality. Meanwhile, Prime Trust launches a new portal for banks to manage crypto, and Radius Bank releases its own API-powered developer sandbox. StreetShares.

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Fintech Lending Software Security 258

CB Insights

JANUARY 27, 2022

Creditas , a digital lending platform, has raised $260M in a Series F round that drew participation from SoftBank Group, VEF, Fidelity Investments, Lightrock, and Wellington Management, among others. HOW’S THE COMPANY PERFORMING? The company expects that its annualized revenue for 2021 will come in at $200M.

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America Lending Security Fintech 60

PYMNTS

MAY 18, 2016

Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late on Monday (May 16) in San Francisco that claims that the online lender inflated its share price by not being transparent about the company’s issues with managing itself.

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Lending San Francisco Online Management 100

PYMNTS

AUGUST 9, 2019

FinTech investments targeting B2B and corporate services spanned the globe, with particular concentration this past week in SMB lending across India and Europe. In New Delhi, Awfis, focused on the co-working space in India, said this past week that it raised $30 million in a financing round designed to help the company expand in India.

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Lending Capital Fintech Florida 116

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Swedish Startup Lendify Closes $115M Funding Deal. Morgan Stanley and J.P.

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Security Groups Payments Regulation 134

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Lending Tech With Almost Steady Grades (Even With Rough Semesters). The energy and uncertainty of youth are headed back to school. Especially in fintech, which had the roughest semester last spring.

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Fintech Lending Software Compliance 195

PYMNTS

MAY 9, 2016

Renaud Laplanche , the CEO of Lending Club, has resigned following a board investigation regarding allegations of improper practices surrounding a loan sale with an investor. Three senior managers have either been terminated or given the ability to resign as a result of the incident.

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Lending Conference Compliance Meeting 100

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs. Credit union lending platform Clutch partnered with Zest.ai

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Fintech Software Illinois Lending 103

American Banker

JANUARY 29, 2021

Comerica, Citizens Financial and other companies are buying up securities, paying off high-cost borrowing and trying to develop specialty lending niches. But loan growth remains weak, and the likelihood of extreme volatility in deposits makes it hard to plan ahead.

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Management Lending Security Company 81

PYMNTS

FEBRUARY 12, 2018

The companies made an announcement Friday (Feb. 9) noting iGTB will lend its cash management platform, CBX 18, to Pivotal clients via its Pivotal Cloud Foundry cloud platforms. This not only saves corporate treasurers time, the company said, but also saves financial institutions (FIs) money and enhances customer retention.

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Lending Analytics Software Customer Experience 158

PYMNTS

OCTOBER 2, 2018

The company’s target consumers have often had few accessible options, other than payday (and other short-term) lenders, when they want to borrow. For banks, including relatively large banks, Goldstein noted, entering into personal lending markets is daunting, even if it is appealing from a variety of standpoints.

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Lending Alabama Online System 134

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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Lending Regulation Big Data Risk Management 100

PYMNTS

MARCH 4, 2020

Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. Companies each made an average of 363 APIs available publicly in 2018, for example.

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Fraud Examples Security Management 242