PYMNTS

APRIL 13, 2018

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. Both companies declined to comment. Founded in 2013, New York-based Orchard initially provided Wall Street firms with data on the marketplace lending sector. billion.

Lending 108

Lending Data Marketing New York 108

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).

Lending 189

Lending Fintech National Taxes 189

PYMNTS

JULY 29, 2020

In other news, Ledger , the crypto wallet maker, reported a data breach that resulted in the exposure of 1 million email addresses and other data, according to a blog post on the company’s website. subsidiary of Japan’s Monex , is launching its own crypto lending service called Crypto Earn, according to Cointelgraph.

cryptocurrency 165

cryptocurrency Bitcoin Lending Data 165

Abrigo

APRIL 14, 2020

Key Takeaways The Federal Reserve recently unveiled a new loan-purchase program, the Main Street Lending Program (MSLP) Unlike the PPP, loans provided under the MSLP are not eligible for loan forgiveness Community financial institutions play an important role in the MSLP. bank holding companies, and U.S. Lending & Credit Risk.

Maine 195

Maine Lending Community Study 195

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. Real Estate Market Outlook. MBA Vice President for CRE Research Jamie Woodwell said in a news release that low interest rates gave CRE markets a boost last year. “In Assess and act on creditworthy CRE borrowers quickly.

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144

Lending US Capital Data 144

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. SBA Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

FEBRUARY 23, 2020

Payment company PayPal is looking at small business credit as a new field of opportunity. The company is championing a national digital framework in Australia that would speed up the processes used to verify customers. The company has now loaned more than $500 million to 7,000 Australian companies, officials said.

Lending 226

Lending Fintech National Strategy 226

PYMNTS

MARCH 8, 2019

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy. “We don’t think we’re going to automate every lending decision,” said Doignie.

Lending 118

Lending Strategy Capital Groups 118

PYMNTS

NOVEMBER 13, 2020

has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans to venture capital-backed companies. . The company aims to disrupt the $100 rental and mobility markets. Peer-to-peer car-sharing platform Getaround Inc.

Security 168

Security Capital Mobile Technology 168

PYMNTS

APRIL 21, 2020

Post-financial crisis, an influx of alternative lending players emerged to accelerate business finance digitization and expand choices for borrowers. The alternative finance boom impacted middle-market corporate borrowers, too, but in different ways. Finding the right loan product is only part of the middle-market borrowing puzzle.

Marketing 140

Marketing Capital Lending Management 140

PYMNTS

APRIL 3, 2020

The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as the world’s second-largest economy is set for the slowest growth since the 1970s. This has been the PBOC’s way to fix the lack of credit as businesses struggle to stay afloat during the COVID-19 crisis.

Lending 136

Lending National Report Groups 136

PYMNTS

FEBRUARY 3, 2020

And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses (SMBs) and even micro-sized businesses hawking pretty much everything under the sun — it might seem a “slam dunk” if, say, a financial industry powerhouse were looking to bring small business loans to a new market. The Challenge.

Lending 146

Lending Apple Study Online 146

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.

Lending 122

Lending Capital Groups Financial Technology 122

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. After adjusting for risk and cost, individual securities and loans perform approximately the same. What does matter is strategy.

How To 195

How To Strategy Capital Lending 195

PYMNTS

NOVEMBER 6, 2020

Davies , head of lending at Figure, will spearhead the firm’s initiatives to get a bank charter from the OCC and he will become the Figure Bank chief executive officer, according to Cagney. Financial services firm Figure Technologies, Inc. 6) announcement.

National 163

National blockchain Lending Regulation 163

PYMNTS

JULY 31, 2019

bank has secured approval to acquire a majority stake in a Chinese securities joint venture, which, reports in Bloomberg said, Chase plans to take over completely sometime next year when Chinese regulators implement even more rule changes to the banking sector.

Lending 134

Lending Policies National Guidelines 134

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

Company 151

Company San Francisco Payments Fintech 151

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .

Lending 152

Lending Community Bank US Community 152

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. Drive faster lending decisions. This reduces bottlenecks and is easier for borrowers and lenders. throughout the loan process. Get started.

Lending 150

Lending Analysis Taxes Data 150

Abrigo

DECEMBER 18, 2023

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. Critical capital Should CRE lending be off the table? But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space.

Lending 130

Lending Regulation Capital Industry 130

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Lending 199

Lending Meeting Groups Regulation 199

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Late last week, the U.S.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

SEPTEMBER 3, 2019

The Bank of England released new data late last week warning that business bank lending in the country hit its lowest rate in nearly two years in July. billion decline in net lending to companies in the month driven by the $2.43 July saw a 3 percent growth rate in business bank lending, compared to 4.4

Lending 116

Lending Meeting Capital Industry 116

PYMNTS

MAY 31, 2016

Has the Lending Club debacle taught the alternative lending industry anything? Perhaps, but the lesson isn’t that the players should abandon the market. The latest to join the industry is RateSetter , which already operates in the P2P consumer lending space but recently revealed plans to focus on business lending.

Lending 100

Lending Security Industry Report 100

PYMNTS

NOVEMBER 23, 2017

On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. The facts are thus: Earlier this month, Finance Minister Zhu Guangyao said foreign stakes in financial companies can increase as caps are lifted, and in many cases eliminated.

Marketing 128

Marketing Lending Security Regulation 128

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.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

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.

Lending 100

Lending United States Boston Capital 100

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. Avant’s consumer-facing product is devised as a digital alternative to that market. A Better Option For Banks. These are massively complicated and expensive systems to build.

Lending 134

Lending Alabama Online System 134

PYMNTS

SEPTEMBER 12, 2016

The Securities and Exchange Board of India (SEBI) is placing pressure on the nation’s alternative lending space in a notice issued earlier this month, reports said on Friday (Sept. In its notice, SEBI has reportedly told Grex Alternative Investments Market to stop “onboarding” new investors. In the U.S.,

Lending 100

Lending Regulation Security National 100

PYMNTS

JULY 29, 2020

In other news, Ledger , the crypto wallet maker, reported a data breach that resulted in the exposure of 1 million email addresses and other data, according to a blog post on the company’s website. subsidiary of Japan’s Monex , is launching its own crypto lending service called Crypto Earn, according to Cointelgraph.

cryptocurrency 145

cryptocurrency Bitcoin Data Security 145

PYMNTS

JUNE 24, 2020

Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. The company will target younger borrowers with digital features that are common with debit cards but remain rare in the credit card market, the Times reported.

Security 215

Security Capital Cards Report 215

PYMNTS

OCTOBER 21, 2020

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. Lendify said the latest funding round will help the company advance its European expansion plans. Last year Insight Investment supported the digital lender with a 1.5

Lending 258

Lending Customer Experience US Capital 258

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.

Lending 100

Lending San Francisco Online Management 100

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. Upon news of this investigation and resignation of Laplanche, Lending Club’s shares dropped more than 26 percent in pre-market trading today.

Lending 100

Lending Conference Compliance Meeting 100