INDUSTRY INSIGHTS YOUR PEERS ARE READING
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 MORE
Turns out, Amazon’s lesser known operation – small business lending – is also powered by machine learning, Bank Innovation has learned. […]. Exclusive Operations Technology amazon Amazon lending machine learning 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
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. 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
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
Blockchain lending firm Figure Technologies announced that it has closed a $103 million series C funding round led by Morgan Creek Digital. Davies as head of Lending, Tony Morosini as vice president of Banking and Payments, and Tina McNulty as chief communications officer. 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
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
The reason I raise it is that I … The post China’s blood on the carpet in P2P lending appeared first on Chris Skinner's blog. MORE
Scandals aside, Lending Club has been doing well in the area that mattered — borrowers were paying back their loans. But a new report from the Wall Street Journal indicates that chargeoff rates at Lending Club are up 38% since 2013. 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
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
The Goldman Sachs loan won’t be used to finance lending in Brazil. “We Goldman Sachs’ loan is being done via the company’s structured finance, investment and lending business, headed by Ram Sundaram. Goldman Sachs is loaning $125 million to Mercado Crédito , a unit of MercadoLibre. 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
Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending. MORE
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. 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
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
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
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
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
have recently added digital mortgage lending, and that same […]. Commerce Corporate Exclusive Lending Online Premium Retail Sales & Marketing Country Bank Lauren Road lending online banking SME lending underwriting technology 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
PYMNTS
DECEMBER 2, 2019
The Goldman Sachs loan won’t be used to finance lending in Brazil. “We Goldman Sachs’ loan is being done via the company’s structured finance, investment and lending business, headed by Ram Sundaram. Goldman Sachs is loaning $125 million to Mercado Crédito , a unit of MercadoLibre.
Bank Innovation
OCTOBER 28, 2019
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
Abrigo
NOVEMBER 6, 2019
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.
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
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.
PYMNTS
MAY 29, 2019
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.
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
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
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.
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
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
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
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.
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.
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.
Abrigo
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.
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.
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.
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.
Gonzobanker
DECEMBER 4, 2019
Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending.
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
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
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.
PYMNTS
DECEMBER 5, 2019
Blockchain lending firm Figure Technologies announced that it has closed a $103 million series C funding round led by Morgan Creek Digital. Davies as head of Lending, Tony Morosini as vice president of Banking and Payments, and Tina McNulty as chief communications officer.
Abrigo
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.
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
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
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
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.
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
Chris Skinner
SEPTEMBER 12, 2018
The reason I raise it is that I … The post China’s blood on the carpet in P2P lending appeared first on Chris Skinner's blog.
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.
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
JULY 12, 2016
Scandals aside, Lending Club has been doing well in the area that mattered — borrowers were paying back their loans. But a new report from the Wall Street Journal indicates that chargeoff rates at Lending Club are up 38% since 2013.
Bank Innovation
JUNE 8, 2017
Turns out, Amazon’s lesser known operation – small business lending – is also powered by machine learning, Bank Innovation has learned. […]. Exclusive Operations Technology amazon Amazon lending machine learning
Bank Innovation
JULY 5, 2018
have recently added digital mortgage lending, and that same […]. Commerce Corporate Exclusive Lending Online Premium Retail Sales & Marketing Country Bank Lauren Road lending online banking SME lending underwriting technology
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.
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.
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