PYMNTS

JUNE 24, 2020

Specifically, payments giants are buying up data aggregators, which let consumers share data with thousands of apps — and in the process are taking on the roles of trusted intermediaries as information flows across the financial services landscape. The move is designed to strengthen Mastercard’s push into open banking in the U.S.,

Data 262

Data Fintech Strategy Security 262

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. The regional bank also noted growing interest among smaller FIs to embrace the bank-FinTech collaboration trend.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

NOVEMBER 27, 2017

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., The Thanksgiving, Black Friday, Small Business Saturday and Cyber Monday sales officially kickoff the holiday spending bonanza, and this year did not disappoint. Here are the numbers: $7.9

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Lending social media Data Cards 100

PYMNTS

NOVEMBER 24, 2020

Bank is shifting away from screen scraping in favor of direct data connectivity, but it's not the only financial institution (FI) embracing the data strategy. Bank shifts away from login-based screen scraping toward API-powered data integrations, the FI has announced a partnership with Akoya to accelerate the transition.

Data 151

Data Capital Lending Fintech 151

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. The document manager system captures applicant information more efficiently and accurately than when staff must key in data from paper applications.

Lending 150

Lending Analysis Taxes Data 150

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. according to the latest data. “Small business lending remains strong and is growing at big banks and at regional and community banks,” said Biz2Credit CEO Rohit Arora in a statement.

Lending 144

Lending US Capital Data 144

Abrigo

OCTOBER 27, 2014

As American Banker reported last week, nearly a dozen regional banks saw scattered growth in their loan portfolios as part of the Q3 filings. Data from Sageworks Bank Information , a web-based data platform that includes financial and regulatory information on every U.S. As the U.S. banks reached $7.4

Lending 247

Lending Report Trends Community 247

PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. 22) a strategic investment from PayPal.

Lending 193

Lending Company Marketing Regional 193

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. The data was evaluated to include community banks with between $100 million and $1 billion in assets.

Lending 186

Lending South Carolina Miami Community Bank 186

PYMNTS

JUNE 7, 2019

This week’s B2B Venture Capital roundup is all about data. With a total of $388 million raised this week, newly funded startups are deploying an array of data analytics technologies to address B2B finance friction. Yellowbrick Data. Biz2Credit. WorldRemit.

Data 139

Data Capital Analytics Lending 139

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 Kirby recommended examining data and surveys used to support this idea. Morgan data.

Risk Management 221

Risk Management Management Lending Capital 221

CB Insights

JULY 12, 2022

Consumer-facing finance company SoFi has traditionally been known for its lending services. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “f5ac5e14-d854-4e7f-b21f-53e00d11648c” }); Want the full post? onFormReady: function ($form) {. hbspt.forms.create({.

Lending 84

Lending Strategy Company Regional 84

PYMNTS

SEPTEMBER 25, 2017

Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG analysis. The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks.

Lending 100

Lending Regional Analysis Survey 100

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. discussed how they use continuous monitoring in their efforts to ensure safe and sound lending practices.

Lending 195

Lending Risk Management Software System 195

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

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

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Lending Fintech Guidelines Meeting 134

PYMNTS

SEPTEMBER 12, 2018

Small businesses’ access to traditional loans continues to grow as loan applications at big banks reached new heights last month, the latest Biz2Credit data showed. In its monthly Small Business Lending Index, released Tuesday (Sept. 11), Biz2Credit found that big banks in August approved 26.5 percent from July.

Lending 102

Lending Community Bank Taxes Community 102

FICO

MARCH 22, 2022

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

Lending System Regional Survey 52

South State Correspondent

NOVEMBER 29, 2023

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. The data would indicate not marketing to a new customer is a mistake. Many banks fall into the “recency trap.”

Marketing 195

Marketing Regional National Nashville 195

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. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

Lending 109

Lending Capital Fintech Data 109

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.

Lending 108

Lending Taxes Regional Analysis 108

Abrigo

JUNE 2, 2015

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

Lending 150

Lending San Antonio CA Sacramento 150

PYMNTS

DECEMBER 28, 2020

I mean, throughout the Latin American region that has happened, but it has been massive in Brazil. They leveraged data well enough to crack the code on underwriting in an underserved market safely — something that will serve them in 2021 in their home market of Brazil as they move to expand their footprint internationally.

Lending 220

Lending Data Marketing Regional 220

South State Correspondent

JANUARY 20, 2023

How We Collected the Data The data was culled from our approximate 100 banks that utilize Loan Command [Link to Website] and looked at relationship profitability pricing in 4Q on a spread and risk-adjusted return on equity basis. In terms of data analytics, this is usually the first sign that the economy is going weaker.

Lending 195

Lending Community Bank Community Data 195

PYMNTS

DECEMBER 7, 2018

In what’s becoming an increasingly popular theme for B2B startup investors, this week’s funding rounds for B2B startups largely centered on tackling data silos and empowering the enterprise with the insights that data can provide. Existing partners of the FI including Coinbase and online lending platform Affirm.

Analytics 176

Analytics Data Capital Software 176

PYMNTS

JANUARY 22, 2021

IHS Markit said its Purchasing Managers Index for the region, which measures manufacturing and service sector activity, slid to 47.5 Activity for the region’s two largest economies, Germany and the U.K., percent, while interest rates on the marginal lending facility will stay at 0.25 in January from 49.1 faring the worst.

Data 169

Data Maine Regional Survey 169

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. India’s alternative lending industry scored yet another win this week with a nearly $25 million investment from Morgan Stanley Private Equity Asia. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 184

Fintech Lending Software Compliance 184

PYMNTS

AUGUST 25, 2019

Look Who’s Charging is integrated with a number of Australian banks, with data available to millions of Australians within its existing digital banking apps. The deal combines Experian’s global open data solutions with Look Who’s Charging’s advanced enrichment capabilities. “The

Data 109

Data Fintech Lending Regional 109

FICO

NOVEMBER 20, 2020

And although Equifax is still relying on preliminary data, there are many reasons to believe these trends are repeating during the COVID-19 caused recession. The data shows: Since the beginning of 2020, credit unions have gained nearly 10% in market share of auto loan origination. said limited access to data.

Regional 52

Regional Trends Marketing Data 52

FICO

JULY 9, 2021

The pandemic and associated economic uncertainty have made the landscape for card lending even more challenging, with the need to shape an effective strategy for engagement with all of their customers. Today’s prescreening solutions are very manual in nature, typically involving a list processing agreement with a credit bureau.

Regional 52

Regional Software Analytics Resources 52

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). In secondary and tertiary markets, it is only smaller financial institutions lending. This article explores the risk and what to do about it.

Community Bank 195

Community Bank Community Los Angeles Regional 195

Bank Innovation

MARCH 30, 2018

This is why banks need to use their treasure troves of data to make sure they don’t need to, Andy Hernandez, executive vice president and head of digital banking […]. EXCLUSIVE—Consumers are impatient, and growing less and less inclined to fill out the long forms necessary to apply for a loan, mortgage, or other financial service.

Regional 186

Regional Digital Banking Data Online 186

PYMNTS

MARCH 10, 2020

At the root of the matter is often a lack of predictive data to ascertain the creditworthiness of these small- to medium-sized businesses (SMBs). In Southeast Asian markets, banks’ lack of adequate data on SMB loan applicants is perhaps the tallest barrier to connecting SMBs to capital in the region. Beyond Traditional Data.

Data 193

Data Lending Capital social media 193

PYMNTS

MARCH 19, 2020

and Europe, players in other geographies have also found opportunity to embrace data sharing. This week’s look at the latest open banking efforts and bank-FinTech collaborations reveals small business lending to be an emerging bright-spot in this field. iwoca Drives SMB Lending Ecosystem Connectivity. In the United States, U.S.

Fintech 159

Fintech Lending social media Data 159

PYMNTS

APRIL 28, 2016

Marketplace lending has grown in popularity and so has the CFPB’s own knowledge of a variety of lenders in the market,” said Lucy Morris, a partner at Hudson Cook and the CFPB’s former deputy enforcement director. The CFPB has been pursuing this quietly for some time. Many are also bound to reporting requirements with the SEC.

Lending 100

Lending Chicago Regulation Regional 100

PYMNTS

MAY 21, 2020

For the second consecutive month, each of the nation’s four regions saw sales dwindle in year-over-year sales, with the West seeing the greatest dip. Despite falling sales, median home prices for all housing types continued to rise in every region of the country last month to $286,800, up 7.4 percent in the region.

Regional 247

Regional National Marketing Lending 247