Independent Banker

JANUARY 31, 2022

The CARES Act of 2020 included a “Sense of the Senate” provision stating that the Small Business Administration (SBA) should issue guidance for lenders about prioritizing underserved groups for PPP loans. These groups include small businesses owned by minorities, women and veterans, as well as businesses located in low-income areas.

Lending 150

Lending Community Community Bank Compliance 150

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. ’s experience is quickly influencing the way SMB lenders approach open banking in other markets like the U.S.

Lending 233

Lending Data User Experience Fraud 233

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

Groups 78

Groups Minneapolis National Lending 78

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

PYMNTS

FEBRUARY 3, 2020

And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses (SMBs) and even micro-sized businesses hawking pretty much everything under the sun — it might seem a “slam dunk” if, say, a financial industry powerhouse were looking to bring small business loans to a new market. The Challenge.

Lending 146

Lending Apple Study Online 146

PYMNTS

NOVEMBER 3, 2020

For Ant Group, for Alibaba, and for the biggest IPO ever, it’s a case of hurry up and wait. In a sign that the scrutiny might go on for a bit, Alibaba, which owns 33 percent of Ant, said through a spokesperson, “We will be proactive in supporting Ant Group to adapt to and embrace the evolving regulatory framework.

Lending 199

Lending Meeting Groups Regulation 199

South State Correspondent

JANUARY 17, 2024

The takeaway is that banks interested in increasing their market-to-book ratio should consider allocating more resources and capital to deposit products and deposit marketing. Many banks have a chief credit officer and a chief lending officer but no chief deposit officer. Both banks, for example, had about $150B in deposits.

Study 195

Study Maine Analytics Capital 195

PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd.,

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

MARCH 8, 2019

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy. “We don’t think we’re going to automate every lending decision,” said Doignie.

Lending 118

Lending Strategy Capital Groups 118

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.

Lending 131

Lending Fintech Groups Policies 131

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. Anil Ambani , group chairman of the non-bank financial company (NBFC), revealed the firm’s plans on Monday (Sept.

Capital 109

Capital Lending Regulation Operations 109

CFPB Monitor

NOVEMBER 4, 2021

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation, joined by John Culhane, a partner in the firm’s Consumer Financial Services Group, Lori Sommerfield, Of Counsel in the Group, Heather Klein, an associate in the Group, and Richard Andreano, a partner in the firm’s Mortgage Banking Group.

Lending 78

Lending Data Report Risk Management 78

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

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Groups Innovation Capital Leadership 116

PYMNTS

JANUARY 18, 2019

17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business grew. Drilling down a bit, results from consumer and commercial services rose, but showed less transactions in the merchant and network services operations. billion.

Lending 135

Lending Cards Groups Operations 135

PYMNTS

SEPTEMBER 3, 2019

The Bank of England released new data late last week warning that business bank lending in the country hit its lowest rate in nearly two years in July. billion decline in net lending to companies in the month driven by the $2.43 July saw a 3 percent growth rate in business bank lending, compared to 4.4 percent the month prior.

Lending 116

Lending Meeting Capital Industry 116

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. The data would indicate not marketing to a new customer is a mistake. There is a reason for this.

Marketing 195

Marketing Regional National Nashville 195

PYMNTS

OCTOBER 2, 2018

Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. Avant’s consumer-facing product is devised as a digital alternative to that market. A Better Option For Banks.

Lending 134

Lending Alabama Online System 134

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 93

Operations System Groups Technology 93

PYMNTS

MARCH 18, 2019

City of London Group (COLG) announced that it has raised £15.2 The funding will help the launch a new financial institution called Recognise, with a focus on lending to SMBs. With this latest round of funding, Recognise will bolster its team and develop its operating model before the bank’s official launch. “We

Groups 103

Groups Metro Lending Strategy 103

PYMNTS

AUGUST 6, 2018

China has ordered a lockdown of Beijing’s financial district Monday (August 6) to prevent individuals from protesting a crisis in the peer-to-peer (P2P) lending marketplace. Police were checking identity cards of anyone entering the area to prevent organized demonstrations by groups of investors that lost money as P2P lenders went under.

Lending 116

Lending Fraud Training Security 116

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

DECEMBER 11, 2020

Consumers were flocking to digital and mobile banking well before the pandemic’s onset, but social distancing and limited branch operations highly accelerated that uptake.

Groups 169

Groups Mobile Tools Branding 169

PYMNTS

APRIL 22, 2020

When you look at the history of retailing you see that some goods and services lend themselves to the standardized experience and market disruption that you’ve seen from the Amazons of the world,” said Shift CEO Toby Russell. Shift has adapted its model to deal with the COVID-19 pandemic.

Marketing 195

Marketing Online Video Industry 195

PYMNTS

DECEMBER 13, 2019

Robocash Group, a peer-to-peer (P2P) lending platform, aims to raise $5 million in the next half-year from investors in Europe who want to invest in Southeast Asia, particularly Singapore, according to reports. P2P lending is becoming increasingly popular in Asia, exceeding some traditional European economies. ”

Lending 130

Lending Regional Groups Marketing 130

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. Expansion plans include the Italian market. and affiliates.

Lending 116

Lending Capital Fintech Florida 116

PYMNTS

FEBRUARY 23, 2020

The operation will likely include savings and lending products, and it comes just two years after U.S. customers with high-interest rates for savings accounts, and then lowering its group funding costs that way. Chase has usually not done international operations, preferring to nurture its huge and profitable domestic market.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

PYMNTS

NOVEMBER 23, 2017

On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. Investment limits for bank stakes — now at 20 percent for group investors — will eventually disappear. Now, total exposure to China, through lending, stands at $1.89

Marketing 128

Marketing Lending Security Regulation 128

PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.” He was far from alone.

Lending 100

Lending Capital Compliance Operations 100

Independent Banker

JULY 31, 2022

The Social Bankers, a collective of community bank marketers, offers inspiration, information and professional development advice to community bankers focused on marketing and social media. And that means it can be a challenge to keep up with the latest trends in social media marketing. Illustration by miakievy/iStock.

social media 224

social media Trends Community Groups 224

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. And disrupt Lending Club did, with its marketplace lending model, scores of imitators in the U.S.

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. Morgan Stanley’s move comes at a time when the Brazil FinTech market is exploding. Fortress Investment Group also took part in that deal.

Fintech 116

Fintech Marketing America Report 116

PYMNTS

OCTOBER 12, 2020

The money will be used to help Aave expand into the Asian market, and help it achieve more institutional adoption. Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

PYMNTS

JANUARY 18, 2021

Sources told Reuters that Grab is looking to take advantage of the red-hot IPO market in the U.S. If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange. Singapore-based FinTech Grab is mulling a U.S.

Fintech 198

Fintech US Groups Management 198

PYMNTS

NOVEMBER 12, 2020

The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as to whether it will actually sell the unit, which specializes in store-branded credit cards, according to a Bloomberg report. Selling the private-label credit card unit would be a business reversal for the financial services group.

Cards 285

Cards Conference Groups Report 285

Abrigo

AUGUST 28, 2022

Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Ag Lending. Lending & Credit Risk. Lending & Credit Risk.

Software 195

Software Lending Philadelphia Capital 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. sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.

Lending 109

Lending Capital Fintech Data 109

Abrigo

JANUARY 19, 2022

We’ve spoken to institutions who expect to see noticeable increases in reserves in some lending categories, which eventually have to be paid for in margin. In these peer groups, the high-performing banks were those with ROE over 16% and asset size less than $1.5 billion.)

Lending 195

Lending Strategy Groups Examples 195