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Lending Is Failing To Live Up To 2018’s Great Expectations

PYMNTS

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. regional bank executives were gearing up for a bumper year, according to Bloomberg. Bancorp , the largest regional bank in the U.S., Bancorp said.

Lending 100
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The Recency Trap and Building Deposit Balances

South State Correspondent

Most national and regional banks allocate marketing resources to recently acquired customers to get them to build deposit balances and purchase other products, while most community banks do not. Too many bank products don’t lend themselves to consistent engagement, which is where bank product design and marketing should come into play.

Marketing 195
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Greenfield Opportunity Looms In India For Online Financing

PYMNTS

With an eye on what could be called a true greenfield opportunity, alternative lending platform Biz2Credit is launching its small business lending products in India. There, of course, remain some issues to be handled that are partly cultural, and Biz2Credit is aware of what gaps exist in reaching out to nascent businesses, said Arora.

Online 100
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Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

These retailers — the surviving ones, of course — are in for an even rockier road if an economic downturn materializes. But online lending companies are seeing a surge in digital loans — up 19 percent year over year in 2019. The closures have come despite the continuing willingness of the U.S. consumers spent $462 billion.

Retail 131
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Acquire or Be Acquired 2018: Breaks, Bulls and Business Models

Gonzobanker

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

Taxes 75
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Business lending and corporate cards. Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty). Business lending & corporate cards.

Online 98
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Vertical vs. Embedded Banking: Same same but different?

Lars Markull

The bank could provide financial products such as bank accounts, credit cards, and lending to anyone who needed them. Such offerings typically include a bank account and a debit card, but not lending or other financial products offered by a traditional bank. What exactly is vertical banking?