INDUSTRY INSIGHTS YOUR PEERS ARE READING
One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. “Small business lending remains strong and is growing at big banks and at regional and community banks,” said Biz2Credit CEO Rohit Arora in a statement. MORE
Capital One‘s commercial lending business is facing price pressure from a saturated market of lenders, including non-banks, that are pushing interest rates down. Carousel Corporate Banking Lending BlueTarp BlueVine Capital One Kabbage OnDeck MORE
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. The new PayPal SMB lending milestone comes at an exciting, and perhaps even sensitive, time for small businesses, both in the U.S. MORE
The lending market is going through some major, rapid changes, and it’s more exciting than ever for consumers looking for attractive deals on their loans. Lending Open Fintech Sponsored alternative lenders Brainwave Technologies online lenders MORE
Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Capital Exclusive Lending Startups acquisitions capital Kabbage lending marketplace lending Orchard Platform Markets startups MORE
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. MORE
But when it comes to building a mortgage lending pipeline, it takes more than just a built-in membership base to serve today’s borrowers’ needs. Read more » The post How Credit Unions Can Set Themselves Apart in the Mortgage Lending Business appeared first on CU Direct Blog. MORE
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. MORE
Bank credit most often goes to larger corporations or to consumers for home lending. The current market climate has opened doors for supplier financing companies, according to Banxico, Mexico’s central bank, and for alternative lending platforms to rush into the market. MORE
Home equity loans HELOCs Consumer lending Marketplace lending Citizens Financial Webster BankIt’s the one consumer loan category where balances continue to fall, and disruption from nimbler fintechs is a big reason why. MORE
The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry. MORE
Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Drive faster lending decisions. Lending. Lending. Lending. MORE
In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9 According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit. MORE
Lending platforms are evolving to the needs of younger customers’ financial habits, a pair of fintech executives told an audience at CB Insights’ Future of Fintech conference in New York Wednesday. MORE
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 percent growth rate in lending for the month. MORE
The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. MORE
It’s been a brutal year for the alternative lending industry. Scandals, staff cuts, rate hikes, and recently a Lending Club investment posted its first negative return in five years this August. MORE
Read more » The post Economic and Lending Trends Webcast Recap: GDP Growth is Slowing, But No Recession In Sight appeared first on CU Direct Blog. The U.S. economy posted huge growth numbers in 2018. MORE
Assigning credit risk is tricky with ag lending since both environment and economic factors carry significant weight. The good news, however, is that there are strategies that small ag financial institutions can employ to mitigate the risks associated with ag lending. MORE
When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Last year, data from Biz2Credit found that lending to small businesses by credit unions had “stagnated.” MORE
For commercial banks, it is the unexpected loss that is more important for lending decisions and long-term profitability. MANAGING CREDIT RISK Most risk managers are intimately familiar with the expected loss for credit and interest rate risk. MORE
How PSD2 is Changing Lending in the U.K. For third-party providers, such as P2P lending and investment provider Zopa , PSD2’s data transparency rules provide an opportunity to “level the playing field” when it comes to gaining that consumer trust. MORE
That’s what the industry needs: competing marketplace lending associations. Today, the three big names in marketplace lending (for now — more on that below) that were not in the just-launched Marketplace Lending Association have formed the Innovative Lending Platform Association. MORE
Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. According to the sources, the change in 2019 plans is due to current market conditions for consumer lending and could change. MORE
Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state. MORE
As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues. The firm also noted that its growth in small business lending came against a backdrop where traditional bank lending to smaller companies was flat in that same period. MORE
OppLoans CEO Jared Kaplan told Lend Academy that it is a reputation that the industry has done a lot of work to bring upon itself by taking advantage of desperate people living in desperate times. MORE
In practice, that means focusing more on the bank’s mobile offerings, growing LightStream (the bank’s online lending platform), and building out its tech.Read More. MORE
Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. MORE
The post Mortgage lending and the interest rate environment appeared first on Deluxe FS. Marketing Insights interest rates lending Marketing mortgage mortgage rate originations ratesAnyone tracking mortgage interest rate activity this year has been on a roller coaster ride. MORE
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. MORE
Since the 2008 financial crisis, B2B vendors have essentially morphed into financiers for their own customers, lending out goods and services as they wait months to be paid. B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). MORE
Carousel Corporate Banking Daily Post 1 Innovation Strategy Lending Premium Product Design challenger bank digital lending OakNorthbased digital lender OakNorth is using its tech platform as the pillar of its U.S. expansion strategy. The company, which has a U.K. MORE
Community banking Small business lending Growth strategies SBA Washington DCDespite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why. MORE
Kabbage, the global financial services company for small businesses, announced Monday (April 8) it has closed the largest asset-backed securitization (ABS) by a small business online lending platform to date for $700 million. MORE
challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. B2B Payments B2B challenger bank commercial lending digital payments Metro Bank News What's Hot In B2B MORE
Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million, according to a report. In South Asia, digital lending is becoming more and more common. MORE
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. MORE
Representative Nydia Velázquez (D-NY) is calling on lawmakers to address predatory lending to small businesses (SMBs), The Washington Post reported on Thursday (June 27). ” Confessions of judgment have been banned in consumer lending contracts since 1985, reports noted. MORE
Better originations, better sales, more revenue: wow, did Lending Club just report a positive quarter? Corporate Exclusive Lending Online Startups earnings Lending Club marketplace lending OnDeck online lending MORE
Carousel Corporate Banking Daily Post 2 Innovation Strategy Lending Premium acompay American Express bill.com BlueTarp Brex Capital One Mastercard Visa MORE
Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). The U.S. MORE
Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming. MORE
Lending Related Topics Bank Innovation
AUGUST 8, 2017
Better originations, better sales, more revenue: wow, did Lending Club just report a positive quarter? Corporate Exclusive Lending Online Startups earnings Lending Club marketplace lending OnDeck online lending
Bank Innovation
JUNE 12, 2019
Lending platforms are evolving to the needs of younger customers’ financial habits, a pair of fintech executives told an audience at CB Insights’ Future of Fintech conference in New York Wednesday.
Bank Innovation
AUGUST 15, 2018
Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress.
PYMNTS
MARCH 7, 2019
How PSD2 is Changing Lending in the U.K. For third-party providers, such as P2P lending and investment provider Zopa , PSD2’s data transparency rules provide an opportunity to “level the playing field” when it comes to gaining that consumer trust.
Bank Innovation
JULY 19, 2019
Capital One‘s commercial lending business is facing price pressure from a saturated market of lenders, including non-banks, that are pushing interest rates down. Carousel Corporate Banking Lending BlueTarp BlueVine Capital One Kabbage OnDeck
CU Direct
OCTOBER 7, 2019
Read more » The post Economic and Lending Trends Webcast Recap: GDP Growth is Slowing, But No Recession In Sight appeared first on CU Direct Blog. The U.S. economy posted huge growth numbers in 2018.
CU Direct
OCTOBER 17, 2019
But when it comes to building a mortgage lending pipeline, it takes more than just a built-in membership base to serve today’s borrowers’ needs. Read more » The post How Credit Unions Can Set Themselves Apart in the Mortgage Lending Business appeared first on CU Direct Blog.
PYMNTS
SEPTEMBER 4, 2019
OppLoans CEO Jared Kaplan told Lend Academy that it is a reputation that the industry has done a lot of work to bring upon itself by taking advantage of desperate people living in desperate times.
PYMNTS
SEPTEMBER 18, 2019
Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million, according to a report. In South Asia, digital lending is becoming more and more common.
Bank Innovation
AUGUST 2, 2019
Carousel Corporate Banking Daily Post 2 Innovation Strategy Lending Premium acompay American Express bill.com BlueTarp Brex Capital One Mastercard Visa
Abrigio
AUGUST 28, 2019
Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Drive faster lending decisions. Lending. Lending. Lending.
BankThink
OCTOBER 10, 2019
Community banking Small business lending Growth strategies SBA Washington DCDespite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.
PYMNTS
MARCH 26, 2019
The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry.
PYMNTS
APRIL 8, 2019
Kabbage, the global financial services company for small businesses, announced Monday (April 8) it has closed the largest asset-backed securitization (ABS) by a small business online lending platform to date for $700 million.
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 percent growth rate in lending for the month.
PYMNTS
JULY 29, 2019
Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. . In 2018, California began the journey of establishing lending transparency for small businesses in the state.
Bank Innovation
OCTOBER 18, 2018
The lending market is going through some major, rapid changes, and it’s more exciting than ever for consumers looking for attractive deals on their loans. Lending Open Fintech Sponsored alternative lenders Brainwave Technologies online lenders
PYMNTS
MARCH 6, 2019
As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues. The firm also noted that its growth in small business lending came against a backdrop where traditional bank lending to smaller companies was flat in that same period.
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.
ForwardBanker
SEPTEMBER 18, 2019
The post Mortgage lending and the interest rate environment appeared first on Deluxe FS. Marketing Insights interest rates lending Marketing mortgage mortgage rate originations ratesAnyone tracking mortgage interest rate activity this year has been on a roller coaster ride.
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.
Bank Innovation
SEPTEMBER 27, 2016
It’s been a brutal year for the alternative lending industry. Scandals, staff cuts, rate hikes, and recently a Lending Club investment posted its first negative return in five years this August.
Abrigio
JULY 2, 2019
Assigning credit risk is tricky with ag lending since both environment and economic factors carry significant weight. The good news, however, is that there are strategies that small ag financial institutions can employ to mitigate the risks associated with ag lending.
PYMNTS
SEPTEMBER 17, 2019
challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. B2B Payments B2B challenger bank commercial lending digital payments Metro Bank News What's Hot In B2B
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.
Banker to Banker
MAY 22, 2019
For commercial banks, it is the unexpected loss that is more important for lending decisions and long-term profitability. MANAGING CREDIT RISK Most risk managers are intimately familiar with the expected loss for credit and interest rate risk.
Bank Innovation
MARCH 13, 2018
In practice, that means focusing more on the bank’s mobile offerings, growing LightStream (the bank’s online lending platform), and building out its tech.Read More.
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. Last year, data from Biz2Credit found that lending to small businesses by credit unions had “stagnated.”
PYMNTS
MAY 31, 2019
The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups.
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.
PYMNTS
NOVEMBER 28, 2018
Since the 2008 financial crisis, B2B vendors have essentially morphed into financiers for their own customers, lending out goods and services as they wait months to be paid. B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB).
PYMNTS
NOVEMBER 20, 2018
In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9 According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit.
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 remains strong and is growing at big banks and at regional and community banks,” said Biz2Credit CEO Rohit Arora in a statement.
PYMNTS
NOVEMBER 26, 2018
According to Coface’s Asia-Pacific Economist Carlos Casanova, China should consider easing interest rate caps that discourage banks from lending to small businesses.
Bank Innovation
MAY 6, 2016
That’s what the industry needs: competing marketplace lending associations. Today, the three big names in marketplace lending (for now — more on that below) that were not in the just-launched Marketplace Lending Association have formed the Innovative Lending Platform Association.
PYMNTS
MARCH 15, 2019
Bank credit most often goes to larger corporations or to consumers for home lending. The current market climate has opened doors for supplier financing companies, according to Banxico, Mexico’s central bank, and for alternative lending platforms to rush into the market.
Bank Innovation
APRIL 13, 2018
Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Capital Exclusive Lending Startups acquisitions capital Kabbage lending marketplace lending Orchard Platform Markets startups
PYMNTS
OCTOBER 8, 2018
Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. According to the sources, the change in 2019 plans is due to current market conditions for consumer lending and could change.
Bank Innovation
AUGUST 5, 2019
Carousel Corporate Banking Daily Post 1 Innovation Strategy Lending Premium Product Design challenger bank digital lending OakNorthbased digital lender OakNorth is using its tech platform as the pillar of its U.S. expansion strategy. The company, which has a U.K.
BankThink
JUNE 7, 2019
Home equity loans HELOCs Consumer lending Marketplace lending Citizens Financial Webster BankIt’s the one consumer loan category where balances continue to fall, and disruption from nimbler fintechs is a big reason why.
PYMNTS
MAY 8, 2019
Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). The U.S.
PYMNTS
JUNE 28, 2019
Representative Nydia Velázquez (D-NY) is calling on lawmakers to address predatory lending to small businesses (SMBs), The Washington Post reported on Thursday (June 27). ” Confessions of judgment have been banned in consumer lending contracts since 1985, reports noted.
PYMNTS
OCTOBER 29, 2018
Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming.
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