PYMNTS
SEPTEMBER 18, 2018
And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.
PYMNTS
JANUARY 29, 2020
Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. FIS merchants in the U.S. Liberis Group.
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PYMNTS
APRIL 25, 2017
The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.
PYMNTS
AUGUST 9, 2019
FinTech investments targeting B2B and corporate services spanned the globe, with particular concentration this past week in SMB lending across India and Europe. FinTech startup ePayRails said it has garnered $2.5 The combined total is about $396 million for the week in VC funding. The firm now has 63 centers in nine cities.
PYMNTS
JANUARY 29, 2018
The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. author of the report and Florida Atlantic University’s Kaye Family Endowed Professor in Finance.
PYMNTS
JANUARY 9, 2018
With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.
PYMNTS
MAY 31, 2018
In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. For smaller loans, said the financial publication, FinTech could be a useful conduit. Community banking may get a boost from technology, if recent activity is any indication.
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