PYMNTS

JANUARY 5, 2020

India’s state-owned banks are going through changes that could mean an overhaul in business lending, The Economic Times (ET) reported on Friday (Jan. India’s biggest lender, the State Bank of India (SBI) , is now considering a move to a cash-flow-based lending model from the current asset-based model.

Lending 130

Lending Capital National Taxes 130

PYMNTS

MARCH 19, 2020

The acceleration of economic effects of the coronavirus has Britain’s Association of Corporate Treasurers (ACT) asking the banks to speed up the flow of credits to companies, according to a Reuters report. ACT said the banks’ program to lend directly to large businesses should be extended to include smaller firms.

Lending 141

Lending Taxes Capital Report 141

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. Importantly, the borrower can upload financial statements and tax returns from home or the office.

Lending 150

Lending Analysis Taxes Data 150

PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns.

Taxes 108

Taxes Data Lending Analysis 108

Abrigo

FEBRUARY 18, 2016

In this webinar, Sageworks is teaming up with Linda Keith CPA again to bring you more great information about tax return analysis. Linda has been a guest speaker on several Sageworks webinars that covered topics like Global Cash Flow , Red Flags for Tax Return Analysis and Making Judgement Calls for Tax Return Analysis.

Guidelines 150

Guidelines Analysis Taxes Training 150

PYMNTS

APRIL 3, 2018

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). The Wall Street Journal reported that the Atlanta-based company, which enables retailers, health-care providers and home contractors to offer loans to their customers, could go public as soon as this summer.

Lending 116

Lending Fintech Atlanta Capital 116

PYMNTS

MAY 21, 2018

We’re doing more acquisitions of movies and companies.”. Farnsworth also noted the company was completing a big acquisition that it will announce at the Cannes Film Festival in the coming days. Banks also got more strict with their lending requirements, which resulted in a slowdown in credit card balance growth. the CEO said.

Seattle 100

Seattle Taxes Cards Data 100

PYMNTS

FEBRUARY 8, 2018

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending among large financial institutions (FIs) continued to climb, reaching a 25.3 percent approval rate in January. actually surpassing analysts’ expectations.

Lending 108

Lending Taxes Regional Analysis 108

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

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

CFPB Monitor

OCTOBER 12, 2021

Hawaii recently enacted significant changes to its small-dollar lending law that repeals existing Hawaii law on deferred deposits and creates a new regime for installment loans. Illinois and Maine recently overhauled their small-dollar lending laws to target loans made using a bank partnership model. Although H.B.

Hawaii 78

Hawaii Lending Illinois Taxes 78

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

MARCH 12, 2019

Nature abhors a vacuum, as the saying goes, and we might say the same for corporate lending. where smaller firms seem stuck in a limbo of fragmented lending solutions, and where loans are pricier than might be seen elsewhere. Data helps lenders make the best risk-adjusted lending decisions.

Lending 100

Lending Marketing Capital Data 100

PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

Lending 100

Lending Survey National Trends 100

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

DECEMBER 27, 2020

PayPal’s pursuit of BitGo became public in October, though neither company would confirm they were holding talks. Although BitGo is one of the early big players in cryptocurrency, the company has carved a niche largely out of public view. Many of its customers are institutions and wealthy individuals.

Report 245

Report cryptocurrency Bitcoin Taxes 245

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. For instance, instant payments are most prevalent in the worlds of wages, insurance disbursements and lending payouts, according to the survey results. Fast Fact No.

Trends 306

Trends Study Taxes Payments 306

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 184

Fintech Lending Software Compliance 184

PYMNTS

MARCH 27, 2018

Thus: short-term lending, massive debt and a financial black hole that gets deeper and deeper. The company – which provides both financial education and short-term lending programs to more than 100,000 employers, who in turn offer them to their employees – was born of Kilby’s personal experience.

Taxes 101

Taxes United States Lending System 101

Abrigo

MAY 1, 2020

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., State Unemployment Tax Act, or SUTA) during the eight-week covered period Employee counts : The average number of FTEs per month for both the eight-week period and either a) Feb.

Taxes 195

Taxes Lending Payments Report 195

Abrigo

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). and property tax payments. The following is an example of how I would address the structural exception of non-recourse lending.

Policies 195

Policies Lending Risk Management Examples 195

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

PYMNTS

FEBRUARY 10, 2020

In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. China’s Central Bank To Start Re-Lending Funding To Fight Virus. Amazon (And Others) Brace For India’s New eCommerce Tax. India has levied a new tax on eCommerce companies and platforms.

US 142

US Taxes Millennials Payments 142

PYMNTS

NOVEMBER 12, 2018

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The FinTech company has now recorded losses for the second consecutive quarter. In August, it posted a second quarter loss of about $200 million.

Online 183

Online Lending Leadership Taxes 183

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

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

System 195

System Lending Analysis Software 195

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

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. The competitive marketplace remains intense, but generally rational. Capital One reported net income up 71 percent to $1.3

Capital 100

Capital Lending Cards Taxes 100

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

SEPTEMBER 28, 2017

Like in much of the world, Canada’s alternative lending market has stepped in to try to fill in the funding gaps to smaller companies that struggle to access a bank loan. We’re targeting companies that undertake R&D,” he recently told PYMNTS in an interview. “It This is the type of market Venbridge has in mind.

Innovation 101

Innovation Taxes Capital Software 101

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

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

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

South State Correspondent

DECEMBER 6, 2022

This happens because the invested capital (fixed depreciable assets) has a long life and is not replenished; therefore, depreciation does not grow to shelter tax payments and results in free cash flow falling below inflation every year. This occurs for real estate properties, manufacturing, and technology companies. History Lesson.

Analysis 195

Analysis Taxes US Management 195

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

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