South State Correspondent

FEBRUARY 20, 2023

Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. Community bankers need to understand their competitive landscape. The banking industry is nationwide and is becoming less branch-focused.

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National Lending How To Community Bank 195

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14). ”

Lending 189

Lending Fintech National Taxes 189

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements. He advised banks to closely monitor risk and compliance in these partnerships.

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Fintech Risk Management Conference Lending 146

Abrigo

FEBRUARY 27, 2020

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.

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Lending Survey Data System 243

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. The company's finance platform, Alipay, has reams of data on users' spending, borrowing and lending habits and histories.

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Regulation Groups Operations Lending 158

PYMNTS

MAY 29, 2019

Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. When it comes to SMB lending, PayPal has gone global. and global economy. and global economy.

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Lending Capital Operations Community 221

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

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Fintech New York Capital Lending 210

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . This competition can only increase as the lending landscape continues to shift.

Lending 195

Lending St. Louis Community Survey 195

PYMNTS

MARCH 12, 2020

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. This week, Bectran, which provides a B2B credit management solution, announced enhancements to its Cash Application automation capabilities. Equiniti Eyes APIs for Risk Management.

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Lending Risk Management Fintech Community 194

PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., A Win-Win for Banks and SMBs. ” The U.S.’s ’s Open Banking Path.

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Lending Data User Experience Fraud 233

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Now, he said, “innovation needs to also be incorporated internally. “Can Cohen asked.

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Management User Experience Innovation Fintech 303

BankInovation

AUGUST 11, 2023

Payments technology fintech SumUp announced Wednesday it has raised $100 million from Victory Park Capital. SumUp provides businesses with point-of-sale payments equipment and inventory management software to manage their operations.

Fintech 52

Fintech Payments Lending Software 52

PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Build, buy or partner? Finastra Chosen by Community FI. Faster Payments scheme.

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Community Bank Community Fintech Regional 242

PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. InfraRisk is a wholly-owned subsidiary of China-based FinTech solutions provider PINTEC, which acquired InfraRisk last March.

Lending 131

Lending Analytics Compliance Fintech 131

PYMNTS

APRIL 26, 2019

It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. In total, more than $107 million was raised, with investors targeting the small business (SMB) back office, lending and B2B payments. Interestingly, U.S. The company raised $6.7

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Fintech US Lending Capital 176

PYMNTS

NOVEMBER 1, 2018

So it is with the Chinese alternative lending space, with various nomenclature in place, seemingly interchangeable, embracing P2P loans or internet lending – in short, funds flowing outside the confines of the bank branch and the teller window. Regulations take shape, usually quite a bit more slowly.

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Lending Guidelines Fintech Industry 150

Bank Innovation

APRIL 19, 2017

Among the endless rows of tech startups from all imaginable industries– from rideshare, to edtech, and beauty– seven fintechs rose to show off their latest during the TechDay event in New York yesterday. Blockchain, robos, lending, investment and more — checkout the roundup of the fintech startups from TechDay NYC below.

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Fintech New York blockchain Lending 294

PYMNTS

AUGUST 21, 2020

Robinhood’s $200 million fundraise this week may be the talk of the FinTech town, but B2B FinTechs saw their fair share of fresh investments, too. six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. In the U.K.,

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Fintech Austin Capital Fraud 154

PYMNTS

NOVEMBER 30, 2020

At a time when surging coronavirus counts are once again muddying the outlook for consumers and business owners, MerchantE Chief Financial Officer Shim Steinmetz says the crisis has also provided a silver lining of sorts to nimble FinTechs that can solve merchants’ cash crunch problems. Don’t Put Too Much Faith In Credit.

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Fintech Innovation Analytics Seattle 211

PYMNTS

JANUARY 22, 2019

Investors have backed Switzerland-based FinTech startup KiWi to help the firm expand its small business payments and lending operations in Mexico, reports in BankingTech said Monday (Jan. million round was led by investiere and Polytech Ventures, while Symbiotics and the 1to4 Foundation also participated.

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Lending Payments Tools Capital 137

PYMNTS

JANUARY 2, 2020

Founded in 2018 by former Santander and Atom Bank executives, the FinTech has applied for its banking license. The funding will be used to introduce B-North’s regional “Lending Pods” across Manchester in the second quarter of 2020. Each pod will have critical information that businesses need to understand borrowing requirements. . “B-North’s

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Lending Regional Study Fintech 131

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.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

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Fintech Customer Experience Conference Technology 167

PYMNTS

JANUARY 18, 2021

Singapore-based FinTech Grab is mulling a U.S. Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures.

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Fintech US Groups Management 198

Abrigo

JUNE 3, 2019

SBA Lending Can Be a Hidden Gem for Some Institutions. With proper planning and the utilization of technology, SBA lending can boost customer acquisitions and deposits. Many argue that SBA lending is complicated, and while that’s true, it’s actually a good thing. SBA lending rewards financial institutions that are prudent.

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Lending Resources Capital Technology 150

PYMNTS

MARCH 19, 2019

Grab Financial Group , the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap. Grow with Grab” is its full push into lending and insurance, the company said in the press release.

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Lending Fintech Groups Policies 131

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

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Fintech Analytics Capital Lending 179

PYMNTS

SEPTEMBER 6, 2019

million was placed with B2B FinTechs this week. landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Also operating in India, supply chain financing FinTech Cashflo revealed $3.3 Aspire Financial Technologies.

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Fintech Capital Lending Operations 155

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. SMB Lending Risks. Lenders are struggling to detect and stop these fraud attempts, with only 43 percent saying that they are very effective at identifying lending fraud.

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Fintech Fraud Lending Regulation 177

PYMNTS

FEBRUARY 28, 2020

With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. B2B eCommerce startup Sokowatch scored a win for Kenya’s B2B FinTech community after raising $14 million in Series A funding, reports in TechCrunch said. Flock Freight.

Fintech 175

Fintech Capital Lending Report 175

Abrigo

AUGUST 9, 2019

The shifting shape and effect of fintechs on banking. Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution. See the entire agenda here.

Management 150

Management Conference Lending Training 150

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

How To 195

How To Lending Software Survey 195

PYMNTS

APRIL 1, 2020

The B2B FinTech ecosystem seems to agree. Although connecting SMBs to capital is essential, it’s not the only challenge that B2B FinTechs are tackling with their newest offerings. Delivery management platform Bringg launched a new solution for SMBs to launch their own delivery operations and manage logistics.

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Fintech Capital Lending Technology 168

PYMNTS

MARCH 17, 2017

Those market conditions present interesting obstacles and opportunities for everyone in the banking FinTech space. Reports last week said the merger aims to create a FinTech “powerhouse” as both Misys and D+H evolve their services to meet the more sophisticated demands of the industry. The company will merge with DH Corp.,

Fintech 195

Fintech Innovation Lending Management 195

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. The Series C round was led by CDC Group, which in turn operates as a UK government owned VC fund. FinTech startup ePayRails said it has garnered $2.5 Cybereason.

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Lending Capital Fintech Florida 116

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups.

Community Bank 99

Community Bank Community Fintech Leadership 99

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Lending St. Louis Community Marketing 243