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Better SME Lending Systems Key To Winning Back Businesses Post-pandemic

FICO

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

Lending 52
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JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans

PYMNTS

Some are more exposed to credit card debt and lending to oil and gas companies. banks have stopped lending as much to European businesses as well, showing the home bias that is expected during a financial crisis. European banks, by comparison, have earmarked $11.5 However, U.S. billion for the effort.

Lending 188
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The impact of lower energy prices on banks

Abrigo

Analysts examined banks with at least 25 percent of deposits held in oil- and gas-dependent counties in order to investigate the impact of direct lending to local oil and gas firms and indirect lending to companies servicing the sector. Lower energy prices have had only a modest effect on banks’ profitability and capital adequacy.”

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For UK’s SME Lending, Looking Toward Tech For A Boost

PYMNTS

That’s the opinion of the Competition and Markets Authority (CMA), which earlier this week said technology would be one of the underpinnings of getting lending to increase to SMEs, a group that would naturally benefit from improved access to capital. Simply put, most SME executives do not do much in the way of comparison shopping for loans.

Lending 100
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UK-Based Car Subscription Platform Drover Notches $25.7M In Funding

PYMNTS

Drover Founder and CEO Felix Leuschner said per the report, “Drover’s digital ‘cars-as-a-service’ model is the right approach to truly build the ‘Amazon of Cars’ as it lends itself much better to an online model than does the long-term commitment, high ticket size type transaction of buying a car with cash or on finance.”

Indiana 150
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A Tale Of Two Payments Regions: UK And Germany

PYMNTS

But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. But perhaps one of the most surprising findings was the usage of P2P payments and P2P lending. On the P2P lending side, those numbers were even less favorable. In the U.K., In the U.K.,

Regional 100
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Data-driven strategies for banks and credit unions: Start here

Abrigo

Before finalizing this goal, management should consider the following: Historical trends Current CRE concentrations Market analysis Loan pricing considerations Real estate industry performance and Peer comparisons. How has the commercial real estate market performed, and how it is performing today by collateral type in your region/market?

Strategy 195