Innovation Lending Operations Payments 
Bank Innovation
NOVEMBER 20, 2018
The future is always uncertain, but banks must prepare now, and this may spell trouble for innovation teams. recently notified about 1,000 employees in its Consumer Banking and Payments, Virtual Solutions and Innovations groups of the bank’s plans to eliminate their positions. Signs point to more difficult economic times ahead.
PYMNTS
NOVEMBER 16, 2020
In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. It is now not only a competitive advantage, but an essential requirement for lenders to operate digitally, said Marceau.
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PYMNTS
DECEMBER 9, 2020
In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume.
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.
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., ’s experience is quickly influencing the way SMB lenders approach open banking in other markets like the U.S.
Bank Innovation
JUNE 27, 2016
Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit. Read More.
PYMNTS
DECEMBER 23, 2019
“Further, all the lenders shall submit declaration to P2P platforms that they have understood all the risks associated with lending transactions and that P2P platform does not assure return of principal/payment of interest,” the RBI said. The RBI also recently provided guidelines for payment systems.
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