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., and property tax payments.

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

AUGUST 5, 2019

According to a new lawsuit, though, one company allegedly found a way around that. According to the lawsuit, Eaze allegedly got around that problem by processing payments thru a series of off-shore shell companies. Skillfully created and placed shell companies, of course, can greatly complicate such matters. The good news?

Company 163

Company Payments Fraud Meeting 163

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.

System 195

System Lending Analysis Software 195

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. It was almost like a dam broke when the tax legislation got enacted,” said Steve Steinour, CEO of Huntington Bancshares Inc. “We As of early 2018, U.S.

Lending 100

Lending Taxes Rhode Island Regional 100

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.

Fintech 195

Fintech Lending Software Compliance 195

Abrigo

OCTOBER 15, 2020

The SBA’s Lender Application Form requires lenders to certify that they have “complied with the applicable lender obligations,” including confirming receipt of the borrower’s certifications, receipt of information regarding employee pay and taxes, and the average monthly payroll costs. Lending & Credit Risk. SBA Lending.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

JANUARY 13, 2020

challenger bank Starling Bank continues to revamp its small business lending strategy with the launch of proprietary SMB loan services, the company announced on Monday (Jan. Starling Bank first announced early last year that it would commence small business lending services.

Lending 131

Lending Taxes Strategy Capital 131

South State Correspondent

DECEMBER 6, 2022

Managers who grew CRE value in the last 40 years (when inflation was tame) may be unable to preserve real estate value or maintain cash flow when inflation is 6% to 10%, especially if inflation is volatile. This table assumes that management can pass along 70% of inflation to tenants, and 100% of inflation passes through expenses.

Analysis 195

Analysis Taxes US Management 195

Abrigo

MAY 1, 2020

Manage PPP loans through forgiveness. or who received annualized pay of more than $100,000 during any period in 2019; state and local employer taxes assessed on an employee’s compensation (i.e., So far, the guidance has been silent on any deadline for applying for forgiveness. learn more. How much of a PPP loan can be forgiven?

Taxes 195

Taxes Lending Payments Report 195

PYMNTS

JULY 21, 2017

Small business accounting and cash management took home the gold this week, with two startups raising a collective $93 million in funding. FreshBooks CEO Mike McDerment spoke with PYMNTS to announce the $43 million in new venture capital for his SME accounting company. Expense Management. Canada and India. Trade Finance.

Management 100

Management Capital Taxes Security 100

PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. The company now operates in the U.K., Europe, Canada, the U.S. An Alternative To Banks.

Capital 356

Capital Online Tools Lending 356

PYMNTS

SEPTEMBER 28, 2017

The startups and small businesses that innovate aren’t just coming up with new technologies — they’re creating entirely new business models that, while progressive, can place increasing pressure on cash flow management for the enterprise. This is the type of market Venbridge has in mind.

Innovation 101

Innovation Taxes Capital Software 101

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. based Paid will go toward enhancing the company's eProcurement solution for both buyers and suppliers. million in new funding for U.K.-based and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 billion yuan in pre-tax profit in the fiscal year ending in March, Bloomberg reported. It posted 9.18

Taxes 134

Taxes Lending Operations Marketing 134

Abrigo

APRIL 14, 2017

Experts agree that while commercial lending is a critical banking service, it has been one of the least automated and technology-reliant aspects of banking today. A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year.

Innovation 150

Innovation Taxes Analysis Lending 150

South State Correspondent

APRIL 18, 2023

Therefore, commercial lenders must develop a strategy to increase industry knowledge in finance, business, accounting, tax, mergers/acquisitions, or other fields. In her years as a lender, Linda acquired expertise in four other industries and became knowledgeable in tax and M&A strategies.

Strategy 195

Strategy Regional Industry Community Bank 195

PYMNTS

APRIL 25, 2018

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. We tightly managed costs even as we continue to invest to grow and to drive our digital transformation.

Capital 100

Capital Lending Cards Taxes 100

Perficient

NOVEMBER 30, 2021

Our client, a global investments company, announced plans to provide crypto custody to clients earlier this year. Traditional custody services in this context include facilitating the customer’s exchange of crypto assets and fiat currency, transaction settlement, trade execution, recordkeeping, valuation, tax services, and reporting.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

PYMNTS

JANUARY 18, 2021

According to the WSJ, nearly 1,500 firms are facing allegations of fraud after receiving a combined $2 billion in federal stimulus aid, while an additional 432 companies are said to have laid off staff after receiving their PPP loans. He allegedly filed tax returns for tens of thousands of dollars, using these invoices to support the filings.

Community 219

Community Fraud Taxes Massachusetts 219

Jeff For Banks

APRIL 12, 2018

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” Ever since we formed our company in 2001, this has been the case. And it wasn’t an anomaly.

Lending 60

Lending Resources Community Metro 60

PYMNTS

APRIL 22, 2020

GPay , a member company of the Vietnam investment firm G-Group , joins a tight FinTech market in Vietnam with 33 other firms licensed for intermediary payment services. GPay has a supportive ecosystem from G-Group with above 20 million users of financial platforms, game community, social network and technology companies.

Payments 154

Payments social media Groups Taxes 154

Abrigo

FEBRUARY 5, 2021

Even after redoing this certification, borrowers may then still be declined on the same application due to another incorrect validation rule (for instance, an Applicant Tax ID issue),” the letter said. Nobody should fault the SBA for trying to be good custodians of our tax dollars or drive internal efficiencies. SBA Lending.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

SEPTEMBER 27, 2019

Operating out of New Zealand, Hnry offers gig economy workers tax administration technology that has just caught the attention of investors to the tune of $1.35 The firm operates a platform to automate tax and financial management processes for gig workers, sole traders and contractors. said this week.

Payments 149

Payments Capital Taxes Lending 149

PYMNTS

NOVEMBER 15, 2016

Financial information firm Sageworks has announced its expansion into the world of SME lending. 14) that the company is entering the small business finance space with a new platform that adds to its existing consumer lending, credit risk and portfolio risk management offerings for financial institutions. ”

Lending 100

Lending Big Data Risk Management Taxes 100

PYMNTS

AUGUST 16, 2019

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. based company said it will use its seed funding to propel the company’s expansion. Meanwhile, logistics, data analytics, and business travel technologies also won over investors.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

MAY 17, 2017

Beyond the changes in the economy at large, or the revenues or operating expenses generated in tax returns, or discrete data points that form the basis of a conversation between applicant and financial institution, tracking the risk status can be a challenge. The extension of credit, said Cutler, “is something of a business accelerator.

Lending 101

Lending Data Taxes Tools 101

PYMNTS

MAY 29, 2019

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). “It’s more of an environment where companies are feeling good about their ability to grow and expand,” he said.

Capital 128

Capital Lending Taxes Analysis 128

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. The company’s mobile and desktop app is now used by 88 million registered users, the company said, adding that IndiaMart’s support will enable Vyapar to fuel growth.

Fintech 155

Fintech Capital Lending Operations 155

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Today, it works with companies in over 120 countries spanning every industry, company size, and business model. Business lending and corporate cards.

Online 98

Online Company Retail Payments 98

PYMNTS

OCTOBER 8, 2019

Hiring continues to be a challenge as business owners not only struggle to find qualified workers in a tight labor market, but find professionals who will help that company achieve its goals. The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers.

Survey 134

Survey Taxes Data Report 134

PYMNTS

DECEMBER 2, 2016

Indeed, the last two weeks were dominated by small, early-stage investments staggered across a variety of industries, from T&E to alternative lending to B2B eCommerce. Cash Flow Management. The company announced a $650,000 funding round led by Kae Capital and Khosla Impact. Travel Expense Management. Numberz.in.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

NOVEMBER 7, 2018

Management pointed to tightening credit standards even as rising rates helped boost results, trends that are likely to continue. Overall, the company reported a top line that was up nearly 20 percent to $184.6 The company said it had loan originations of $2.9 million, beating consensus by about $2.6

Taxes 159

Taxes Management Risk Management Capital 159

PYMNTS

MARCH 2, 2020

In Kenya, competition regulators recently warned French grocery and retail giant Carrefour that it faces fines of up to $140 million after the Competition Authority of Kenya discovered that the company, via its franchise holder Majid Al Futtaim (MAF), has been treating suppliers unfairly. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

CB Insights

OCTOBER 18, 2018

As tech giants like Facebook explore blockchain as a means to reinvent themselves , startups are working on blockchain projects that could displace services like AWS (as with Filecoin ) or loosen tech companies’ hold on personal information. Could we soon see the creation of a completely ownerless company?

blockchain 75

blockchain Company Examples Trends 75

Abrigo

NOVEMBER 13, 2023

Make sure to look at lien perfection, tax payments, and insurance. If you have a three-rated credit to an established company, there is no need to do a full-blown review,” said Kirby. But managing annual reviews for customers with fluctuating credit needs can be tricky. You don’t want to be in that situation.”

Analysis 195

Analysis Lending System Survey 195

CFPB Monitor

JUNE 5, 2020

The FTC recently announced a settlement of its lawsuit filed in a New York federal district court against a New York City car dealership and its individual general manager in which the FTC alleged that the defendants discriminated against African-American and Hispanic car buyers and engaged in other illegal business practices.

New York City 122

New York City Policies New York Lending 122

PYMNTS

APRIL 7, 2020

This has resulted in business-to-business (B2B) offerings such as mobile apps that help provide small business owners better overview and management of their companies’ bank accounts, as well as their accounts payable (AP) and accounts receivable (AR). Read the full story in the Tracker.

Groups 159

Groups Lending Examples Taxes 159