PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later. According to Kristen E.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. Those definitions stretch across peer-to-peer (P2P) lending or marketplace lending, for example.

Fintech 195

Fintech Lending Regulation Survey 195

PYMNTS

NOVEMBER 27, 2018

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though.

Lending 159

Lending Fintech Capital Report 159

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. These expectations for CRE growth are reiterated in a soon-to-be released survey of just over 300 bankers by Abrigo. CRE Lending. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk.

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

OCTOBER 19, 2016

Traditional financial services companies have something new to worry about: FinTech is increasingly encroaching on their turf and winning the hearts and minds of consumers. Of the survey respondents, 69 percent said FinTechs help everyone to improve their financial state.

Survey 100

Survey Fintech Capital System 100

Banking Exchange

JUNE 2, 2021

JD Power’s survey reveals high satisfaction with traditional banks that have moved into digital The Economy Technology Financial Trends Feature3 Fintech Feature Retail Banking Covid19.

Fintech 78

Fintech Lending Survey Trends 78

PYMNTS

MARCH 22, 2017

Freshbooks VP of Strategy Matthew Baker highlighted these findings in a chat with PYMNTS to weave through the research and sound off on some of the survey results that most caught his attention. It’s a large responsibility, but as Freshbooks’ survey found, many small business owners are learning how to operate with a trial-and-error mindset.

Survey 102

Survey Lending Resources Report 102

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market. Credit Unions In Growth Mode.

Lending 129

Lending Analytics Data Security 129

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

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.

Lending 148

Lending Innovation Fintech Cards 148

Gonzobanker

AUGUST 18, 2021

In our annual What’s Going On in Banking survey, Cornerstone asked executives at mid-size banks and credit unions, “What new products or services does your institution plan to launch in 2021?”. We’re losing ground to neobanks and other fintech companies because we haven’t digitized the delivery of our existing products and services.

Lending 163

Lending Survey Industry Software 163

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144

Lending US Capital Data 144

PYMNTS

OCTOBER 11, 2017

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market.

Community Bank 108

Community Bank Community Lending Survey 108

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. SMB Lending Risks. percent in the past 24 months, according to a recent survey by LexisNexis.

Fintech 177

Fintech Fraud Lending Regulation 177

Bank Innovation

MAY 2, 2016

63% of the sought-after millennials don’t have a credit card, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International. PayDay Lending, Overdraft Fees, Credit Cards all make money from the imprudent customer.

Fintech 150

Fintech Millennials Survey Lending 150

PYMNTS

MARCH 20, 2018

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. FinTech offers include creating seamless online loan applications and software that analyzes financial data to deliver the best possible deal.

Fintech 118

Fintech Lending Survey Innovation 118

PYMNTS

SEPTEMBER 27, 2017

The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain. The survey polled more than 515 banks and 1,336 companies across 103 countries, finding that FinTech innovators can, indeed, help address the $1.5

Fintech 128

Fintech Survey Lending United States 128

PYMNTS

JULY 31, 2017

That’s bad news for some of the largest FIs, despite a recent uptick in small business lending activity. The 2017 report from FIS surveyed nearly 500 SMEs in the U.S. PYMNTS examines some of the most telling data from the survey below. -14% with revenues up to $500 million.

Survey 112

Survey Community Bank Community Regional 112

PYMNTS

APRIL 1, 2020

A new survey from Alignable via its Weekly Pulse Poll found that more than one-third of SMBs said they are struggling to keep their doors open and have less than one month before they run out of cash. The B2B FinTech ecosystem seems to agree. Small- to medium-sized businesses (SMBs) are struggling to stay afloat. In the U.K.,

Fintech 168

Fintech Capital Lending Technology 168

PYMNTS

SEPTEMBER 25, 2017

The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks. 22) said that a survey of 600 online alternative finance firms across the Asia Pacific found that Australia’s market grew 53 percent in the last year alone.

Lending 100

Lending Regional Analysis Survey 100

PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

Lending 100

Lending Survey National Trends 100

American Banker

FEBRUARY 3, 2021

Banks, credit unions and CDFIs fared better in the Federal Reserve survey. Only 18% of businesses that received a Paycheck Protection Program or other loan from an online lender were satisfied with customer service, while 42% said they were dissatisfied.

Lending 86

Lending Fintech Survey Online 86

PYMNTS

JULY 7, 2020

There’s no shortage of disruptors — particularly neobanks that promise to change everything from checking to lending — but don’t count legacy players out just yet, Dr. Jud Linville , senior advisor at growth equity firm General Atlantic , told Karen Webster. What FinTechs And Neobanks Should Do Here. ” What Banks Should Do Here.

Fintech 223

Fintech Innovation Software Technology 223

Abrigo

JANUARY 25, 2022

Drivers of digital change Whether looking to enhance customer-facing aspects of the bank or credit union, improve operations, or diversify revenue and profit streams, financial institution executives everywhere are looking to buy technology or partner with fintechs. That compares with about 5 in 10 in the 2019 survey. IT Failures.

Management 195

Management Software Survey Fintech 195

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets. Cybersecurity.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

SEPTEMBER 14, 2018

Cuomo on June 1, 2017 required DFS to study online lending in New York State and submit a report of its findings. Vullo announced the release of that report in mid-August. Among its findings is that the majority of New Yorkers using online banking are individuals as opposed to businesses.

New York 173

New York Fintech Lending Regulation 173

CFPB Monitor

JUNE 8, 2016

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

Lending 60

Lending Fintech California Survey 60

PYMNTS

MAY 25, 2020

Marred by regulatory confusion , claims of unfair lending and borrowing, and the U.S. FinTech Eases The Business Model Shift. Even the B2B arena is facing pressure to switch gears and collaborate with FinTechs. Yet small business owners are quickly finding that there’s more to enduring the volatility than external funding.

Maine 151

Maine Fintech Fraud Marketing 151

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

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.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

MAY 31, 2018

In an interview with American Banker , Robert Giltner – who chairs RCGILTNER Services , which offers small business lending products – surmised that “ community banks are going to win the FinTech battle. For smaller loans, said the financial publication, FinTech could be a useful conduit. They bank all these small businesses.

Community Bank 104

Community Bank Community Fintech Florida 104

PYMNTS

FEBRUARY 10, 2017

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers.

Big Data 100

Big Data Fintech Data Survey 100

Gonzobanker

FEBRUARY 19, 2020

Fintechs can provide better design capabilities, improved customer experience, research states. Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. These numbers represent an increase from 49% and 60%, respectively, in 2019. Register here.

Strategy 110

Strategy Fintech Study Customer Experience 110

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. Benefits of FinTech partnerships. How to choose the right FinTech partner. Increasing role of technology.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

AUGUST 20, 2018

Consider India, where EY estimates in a recent survey that in India, companies are finding it a challenge to navigate GDPR. As the research shows, 63 percent of respondents to the survey — those who were, in fact, aware of the mandates — were non-compliant. FinTech Firms Eye Bank Charters.

Fintech 101

Fintech Survey Regulation Resources 101

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding 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.

Lending 195

Lending St. Louis Community Marketing 195