Is Lending Club Back?

Bank Innovation

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

Formula for Business Lending Success: Minimize Delays

Abrigo

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. Lending & Credit Risk. CRE Lending.

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Digital lending fintech enters auto

Bank Innovation

LAS VEGAS — Bank of Oklahoma has adopted Blend’s digital lending platform, the fintech announced at the 2019 Auto Finance Summit. Carousel Lending Premium Retail Banking Startups Auto Finance News Blend

Compound data: the key to digitized lending

Bank Innovation

Innovation Strategy INV Fintech Lending Sponsored Startups Boss Insights sponsoredA staggering 90% of small- to medium-sized enterprises fail. Aside from operations and strategy, one of the biggest reasons is limited funding or lack of timely cash flow.

Square revises credit risk model for its SMB lending program

Bank Innovation

An update to Square’s credit risk model for its Square Capital commercial lending product — first disclosed yesterday — was “a key driver of Capital’s outperformance in the fourth quarter,” the company said.

3 Alternative Lending Startups to Watch

Bank Innovation

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.

How PSD2 Will Change Lending

PYMNTS

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.

Affirm, Lending Tree CEOs tout gains among young borrowers

Bank Innovation

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.

Emergency coronavirus program gives fintechs a shot at SBA lending

American Banker

SBA Fintech Coronavirus Small business lendingNo online lenders are approved for the agency's traditional programs, but they could make loans under the COVID-19 stimulus package if they get special approval.

Iwoca grows lending business with $112M in debt financing

Bank Innovation

Carousel Customer Experience Daily Post 3 Innovation Strategy Lending Premium Insight Investment Iwoca TideIwoca, a London-based small business lender, announced a debt financing round of 100 million euros ($112 million) last week to fund new loans in Germany.? “We

Iwoca grows lending business with $112M in debt financing

Bank Innovation

Carousel Customer Experience Innovation Strategy Lending Premium Insight Investment Iwoca TideIwoca, a London-based small business lender, announced a debt financing round of 100 million euros ($112 million) last week to fund new loans in Germany.? “We

How Opening Bank Data Can Transform SMB Lending

PYMNTS

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.

How to Increase Member Business Lending

Abrigo

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. in September 2019 – a record low, according to the Biz2Credit Small Business Lending Index.

SMB Lending In Australia After Lending Standards Are Waived

PYMNTS

Australia is making small business lending easier by waiving responsible lending standards for small firms. It will mean that we will be faster in our decision making and we will not get as tied up as delving into a level of detail that was not relevant or core to the lending decision.

PayPal Hits $10B SMB Lending Milestone

PYMNTS

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.

Alternative Lending Is in Trouble? No One Told Elevate

Bank Innovation

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.

Has Alternative Lending Seen Its VC Peak?

PYMNTS

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.

The Evolution of Lending Through Fintech

Bank Innovation

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

Goldman, Amazon Discuss SMB Lending Partnership

PYMNTS

Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S., Goldman would use its latest lending technology to offer SMB loans on Amazon’s lending platform as soon as next month, two sources told FT.

Kabbage Raises $700M For SMB Lending

PYMNTS

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.

Predatory ‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation

PYMNTS

A few banks are making [state consumer] protections moot…[and] regulators haven’t stopped them,” said Alex Horowitz, a senior research officer at the Pew Charitable Trusts, a nonprofit organization that has studied subprime lending.

The Hidden Risk in Commercial Lending

Banker to Banker

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.

Capital One: Pressure from non-banks is hurting commercial lending

Bank Innovation

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

PayPal Marks £1B Milestone In UK Alternative Lending

PYMNTS

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.

Digital lending gold rush to continue through 2023, research suggests

Bank Innovation

Digital Lending Market Report. Carousel Customer Experience Daily Post 2 Lending Premium Product Design Affirm Afterpay BlueVine Bread PayPal S&P SoFi Square

How To Compete Against GSE Multifamily Lending

Banker to Banker

MULTIFAMILY LENDING Government-sponsored enterprises (GSEs) have been lending to borrowers for many decades.

SMB Payments, Lending Startup KiWi Grabs Funding

PYMNTS

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.

WeLab Eyes Services In China Beyond Lending

PYMNTS

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.

Data Shows Divide In Euro Zone Lending

PYMNTS

29) that lending to euro zone companies fell to a two-year low at the end of last year as bank loans to households grew, according to Reuters. The ECB data showed that lending to non-financial corporations fell to 3.2 On the other hand, household lending rose from 3.5

SunTrust CIO Talks Zelle, Lending, and Innovation

Bank Innovation

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.

Amex acquires Acompay to bolster lending business

Bank Innovation

Carousel Corporate Banking Daily Post 2 Innovation Strategy Lending Premium acompay American Express bill.com BlueTarp Brex Capital One Mastercard Visa

What will drive bank lending

American Banker

Population shifts and the explosion of e-commerce will upend commercial real estate lending while heightened demand for clean energy, not to mention pressure from investors, will diminish banks’ enthusiasm for fossil-fuel financing.

Yet Another Association for Marketplace Lending Launches

Bank Innovation

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.

California’s Proposed Business Lending Rules Draw Support

PYMNTS

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.

Starling Debuts New Business Lending Strategy

PYMNTS

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.