PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . MineralTree bought Atlanta-based Regal Software and California FinTech Inspyrus. GoodRx’s IPO Shows Disruption Could Be The Cure For Costly Prescriptions

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Maine social media Atlanta Massachusetts 153

PYMNTS

MAY 29, 2019

So, it’s within that context that PayPal announced new numbers today (May 29) on the impact of its lending business on the small business sector. In a new PYMNTS interview, Karen Webster spoke with PayPal’s VP and General Manager of SMB Lending Darrell Esch about the story behind that $10 billion mark, and what’s coming next.

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Lending Capital Operations Community 221

PYMNTS

APRIL 3, 2020

Main Street in Trouble . As we estimated in our comprehensive Main Street Index two weeks (and a lifetime) ago, these smaller firms as a group populate 3.6 We estimate that Main Street represents 28.3 We estimate that Main Street represents 28.3 As Main Street goes, so goes GDP. million storefronts across the U.S.,

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Maine Lending Survey Course 142

PYMNTS

AUGUST 14, 2020

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. Birnbaum noted that many FinTechs benefited from facilitating the U.S.

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PYMNTS

OCTOBER 4, 2019

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. today, only a small fraction offer a fully digital small business lending experience, he said, and that means these players are losing out to their larger rivals. “This is an extraordinary thing.

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Bobsguide

MAY 18, 2022

CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform. About the FinTech Breakthrough Awards.

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Fintech Risk Management Analytics Software 147

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. CRE Lending. Lending & Credit Risk. Lending & Credit Risk. Return on Tech Investment – Measuring and Achieving Value from Fintech. Lending & Credit Risk. Learn more. Learn More.

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Chris Skinner

MAY 5, 2017

His latest piece is his take on FinTech, which has the main headline that FinTech is taking away frictions in finance. Larry Summers, former director of the National Economic Council for President Barack Obama, writes a regular column in The Financial Times. Google, Apple, Facebook and Amazon [GAFA].

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Fintech Apple Google Comparison 216

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

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Community Bank Community Fintech Risk Management 159

PYMNTS

JULY 7, 2020

The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions (FIs) began pulling back and FinTechs and digital players stepped up in the space. Outdated Lending Practices Fail To Meet SMBs’ Current Needs .

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Chris Skinner

FEBRUARY 27, 2017

As mentioned in the first part of these two pieces, we talk a lot about FinTech. I don’t intend to define the whole market for each of these, but purely to place a dialogue around where they fit in the FinTech scene at a high level. So, here is the FinTech Wave, Part Two.

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Fintech blockchain Technology Maine 150

PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Instant Loans And The Speed And Security Balancing Act.

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Lending Trends Payments Mobile 112

PYMNTS

JUNE 18, 2019

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. FinTech Alliance debuted this week, with a roster that tops 500 members. The main thing that will be removed is lending. banking charter. …

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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.

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Community Bank Community Fintech Lending 131

PYMNTS

JANUARY 8, 2021

According to nonprofit Accion Opportunity Fund VP Adriana Eiriz , the uncertainty plaguing Main Street today is widespread. With another round of Paycheck Protection Program (PPP) funding ahead, small businesses will be tasked with navigating an even more complex and often confusing lending landscape.

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Strategy Community Maine Lending 231

Abrigo

MAY 5, 2022

Main Street Banking: A Podcast for Community Bankers 8. Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. A quick look at top banking podcasts worth a listen, according to Abrigo : 1. Banking Transformed 2. BankTalk 3. Banking with Interest 4.

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Community Lending Maine Resources 195

PYMNTS

DECEMBER 23, 2020

I got my first bank account at 14 from Wells Fargo, and it's still my main account today,” MacDonald said. I think there are some really unique lending opportunities that would be interesting within our demographic,” he said. And more importantly, teens grow into adults who age into their prime spending years. Creating A Balance.

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PYMNTS

DECEMBER 17, 2019

One of the biggest tests for FinTech in the coming years is how well it can serve businesses that don’t have easy or efficient access to credit. FinTech Sandbox. FinTech Prognosis. nobli is part of a larger trend centered around using AI to craft better lending offers and programs.

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PYMNTS

JULY 1, 2016

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. alternative lending space this week, too.

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Lending Analytics Capital Industry 101

PYMNTS

AUGUST 21, 2020

Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. The Main Street Rescue That Wasn’t (And Still Isn’t). Even some overseers blast the program as a “failure.”

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cryptocurrency Maine Boston Analytics 159

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Marketplace Lending.

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Fintech blockchain Lending Digital Banking 183

American Banker

JULY 11, 2020

New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories.

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Leadership Maine Fintech Groups 50

PYMNTS

OCTOBER 28, 2019

FinTech startup Koyo , which uses Open Banking to offer loans to underbanked U.K. Founded last year by Thomas Olszewski, the FinTech firm aims to secure loans for people with a limited credit history through the use of Open Banking data. “If borrowers, announced that it has raised $4.9 million in funding.

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Fintech Maine Lending Data 101

Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Some even say that blockchain will be the most influential FinTech technology of 2018.

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Fintech blockchain Fraud United States 129

PYMNTS

JANUARY 11, 2018

According to the report, 88 percent of lenders plan to lend more in 2018 than they did in 2017, and more than a third (36 percent) said they plan to lessen requirements for loan approval. While the data included business loans, Magilla noted that mortgages are the main driver behind this trend. So while lending volume in the U.S.

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Fintech Lending Trends Operations 126

Bank Innovation

JANUARY 7, 2019

Automation is the theme that best describes Chesapeake Bank’s innovation roadmap for 2019, Kevin Wood, managing director of the state-chartered community bank’s business lending division, Cash Flow, told Bank Innovation. “One One […].

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Innovation Strategies Innovation Strategy Maine 186

PYMNTS

NOVEMBER 27, 2019

The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance. The government, for instance, has set up funding meant to guarantee and encourage more lending to those smaller operations. However, that’s changing.

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Fintech Regional Regulation ATM 167

PYMNTS

AUGUST 22, 2016

TechCrunch reports that, while the accelerator investment model has been used in tandem with other strategies (by marquee names, such as Barclays), as an adjunct to “main” investment initiatives by tech firms, a London-based company is “taking a different tack.”.

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Fintech Maine Lending Innovation 100

CB Insights

APRIL 11, 2018

Technology corporates and fintech startups alike are turning their attention to Main Street, and the financial needs of small and medium-sized businesses (SMBs).

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Lending Company Fintech Maine 46

PYMNTS

FEBRUARY 18, 2020

The company provides customers with trust system and identity solutions to aid in the areas of eCommerce and lending, particularly in terms of credibility. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5

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Regional Lending Fraud Maine 171

PYMNTS

JULY 2, 2020

Interest in SMB lending overall has therefore sharpened in recent months as legacy banks, digital-only FinTechs and lenders have moved to close the PPP’s gaps, but quick disbursements still remain a priority for waiting SMBs. How the Pandemic Is Driving SMB Lending Innovation.

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Lending social media Industry United States 198

CB Insights

NOVEMBER 6, 2019

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.

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United States Fintech North Carolina Rhode Island 72

PYMNTS

APRIL 28, 2020

Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia. The main backer of this round is Dr. Peter Lee, who is the co-founder of property developer Henderson Land and website developer Wix.

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Big Data Lending Maine Groups 182

PYMNTS

AUGUST 27, 2019

million fundraise, India-based FinTech BharatPe revealed new funding for its solution aimed at small businesses. An unnamed source told the publication that Google and Amazon were in advanced talks with Bharat Pe to invest in the Series B round, though the FinTech’s founders decided not to further dilute their shares in the firm.

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San Francisco Capital Lending Fintech 116

Abrigo

FEBRUARY 13, 2020

Community financial institutions (CFIs) play a vital role in helping Main Street to flourish and assisting community members with their financial goals. Lending & Credit Risk. Breaking Down The 2020 Business Lending Readiness Survey: Roadblocks to Top Results. CRE Lending. Lending & Credit Risk. Learn More.

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Community Lending Management Innovation 273

Let's Talk Payments

MAY 16, 2016

In this article, I will talk about two main points. The first is whether the Lending Club issue is an isolated event or if it reflects largely on the lending.

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Lending Maine US Fraud 74

PYMNTS

JUNE 28, 2016

A few years ago marketplace-based online lending was being hailed as the the signature innovation that was going to upend tradditional bank based lending for consumers and small businesses everywhere. Marketplace lending, in short, did not need more fireworks. The market for marketplace lending in the U.K, in the E.U.

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