Where B2B Payments, Banking And Lending Connect

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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).

SMB Lending Crunch Hits China

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According to Coface’s Asia-Pacific Economist Carlos Casanova, China should consider easing interest rate caps that discourage banks from lending to small businesses.

Sub-Prime Lending’s Late-Year Bounce

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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.

WeLab Eyes Services In China Beyond Lending

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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.

Capital One, Discover Tightening Lending Standards

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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.

HSBC Digitizes SMB Lending In Canada With Biz2Credit Partnership

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HSBC Bank Canada is collaborating with alternative lending firm Biz2Credit to streamline and digitize small business lending in the country. B2B Payments B2B banking canada Digital Loan News partnership Small business lending Small Business Loans SMB lending SMB loans What's Hot In B2

Goldman Tightens Marcus Lending Reins

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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.

PayPal Invests In Emerging Markets Lending App Company Tala

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Tala, the consumer lending app in emerging markets, announced Monday (Oct. Alternative Finances alternative lending digital lending financial inclusion FinTech funding Investment News PayPal Startup underwriting Venture Capital What's Hot

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

UK MPs Call For Overhaul Of Business Lending Rules

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policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are calling on the government to overhaul business lending regulations as a result.

Credit Union Embraces Digital Lending System, Grows Indirect Lending to Become Wisconsin’s #2 Auto Lender

CU Direct

University of Wisconsin Credit Union (UW Credit Union) has come a long way with its indirect auto lending since first implementing CU Direct’s CUDL Platform – in more ways than one. Auto Lending Indirect Lending Lending Auto lending CUDL Platform digital lending system indirect lending

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.

Is Tribal Lending Done?

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The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 But more than a tutorial in how not to apologize pre-sentencing, some say that Tucker’s conviction and long sentence may be the beginning of the end of tribal short-term lending in the United States. Tribal Lending .

Alipay Ramps Up Supply Chain, Lending Services To SMBs

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B2B Payments Alipay Ant Financial B2B Banks china data digitization Invoices Loan Application loans Mobile Payments News SMB SMB finance SMB lending Supply Chain What's Hot

How Digital Disbursements Tools Are Changing Low-Dollar Lending

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This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”.

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Credit Union Auto Lending Cruising in 2018

CU Direct

Read more » The post Credit Union Auto Lending Cruising in 2018 appeared first on CU Direct Blog. Auto Lending Indirect Lending Auto lending auto loan growth auto loan market auto sales CUDL Platform dealer relationships used car financing

B2B Payments Firm PayMate Enters SMB Lending Market

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India-based PayMate is expanding its offering beyond B2B payment services as it steps into the small business (SMB) lending market. The company also recently acquired online peer-to-peer (P2P) lending platform Z2P Technologies for an undisclosed sum.

US Bank Designs Online SMB Lending Platform

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Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. Bank, which revealed its online lending platform for small businesses to access a loan or line of credit. ” B2B Payments B2B business lending Digital Banking News online loans Small business lending Small Business Loans SMB lending SMB loans U.S.

FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

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Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though. As Phelan explained, the automation and digitization that has enhanced financial services across so many areas has failed to make its mark in small business bank lending.

One Credit Union’s Approach to Excellence in Auto Lending

CU Direct

Auto lending is the backbone of credit unions’ loan portfolios. Credit unions continue to not only compete in the auto lending arena, but to outperform much of the marketplace, improving their market presence, and capturing more loans.

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

For UWCU, Excellence in Indirect Lending Resulted in Significant Growth

CU Direct

Indirect lending provides credit unions with the unique ability to offer a convenient method of financing to members, while also having the opportunity to grow their member base.

Lending 360 Upgrades Southwest Airlines FCU’s Lending Experience to First Class

CU Direct

The $555 million Southwest Airlines FCU kept this in mind as it prepared to launch the Lending 360 loan origination system (LOS) two years ago. To minimize that fear, the Dallas-based credit union had its lending staff.

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OnDeck Launches ODX To Help Banks Lend To SMBs Online

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OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.

Avant Brings SaaS Lending Tech To Banks

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We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. For banks, including relatively large banks, Goldstein noted, entering into personal lending markets is daunting, even if it is appealing from a variety of standpoints.

Goldman Reins In Marcus Lending Platform

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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.

LOS Automation Allows Kings Federal Credit Union to Lend Large

CU Direct

is using CU Direct’s Lending 360 loan origination system (LOS). Read more » The post LOS Automation Allows Kings Federal Credit Union to Lend Large appeared first on CU Direct Blog.

A Decade On, Lending Transformed By Crisis And Innovation

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And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. The door is open, then, and has been, for FinTech in lending, where inroads have been made in, say, mortgages (like Lending Tree and Rocket Mortgage, for example). Necessity is the mother of invention.

Pew Pushes Installment Loans, Better Regulated, As Payday Lending’s Best Replacement

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Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the regulators. A little more than a year ago, the CFPB (now also known as the BCFP) dropped its final version of its new payday lending regulations – though, as it turns out, “ final ” was probably not the right word to describe them. According to Pew, installment loans have much to recommend them as an alternative to payday lending.

Banks Keep SMB Lending Gains Rolling

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In its monthly Small Business Lending Index, released Tuesday (Sept. When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement. B2B Payments alternative finance B2B bank lending big banks Biz2Credit community banks News small business finance Small business lending What's Hot In B2B

The Regulatory Future Of Payday Lending

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Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. Ohio’s House Bill 123 officially exists to close a series of loopholes that existed under the state’s previous attempt at regulating the short-term lending industry, the 2008 Short-Term Loan Act. Particularly under scrutiny, according to reports, is international travel taken with payday lending lobbyists.

Credit Union Auto Lending Revs-Up

CU Direct

Credit unions have been gaining auto lending market share for a few years, and 2017 not only continued this trend but proved to be an especially good year. Read more » The post Credit Union Auto Lending Revs-Up appeared first on CU Direct Blog.

5 Ways to Rev-Up Your Lending Revenue

CU Direct

Lending is a credit union’s primary profit driver. Yes, investments also produce non-interest income, which is a big revenue source, but lending is where the rubber meets the road when it comes to people helping people.

Lending Club’s Terrible Twos

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Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. Laplanche is Renaud Laplanche, Lending Club’s colorful and highly quotable founder and first CEO, and he had that effect on a lot of people during the eight years between Lending Club’s IPO in 2014 and its beginnings.

OakNorth: How AI Can Fuel Banks’ Return To SMB Lending

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Small businesses (SMBs) left behind by their banks, thanks to tightening risk and capital requirements post-financial crisis, certainly left a gap in the SMB lending market that alternative and marketplace lenders rushed to fill. With a growing community of alternative finance (AltFin) players, banks have taken to either letting AltFin handle filling the small business lending gap or partnering with and acquiring those FinTech firms to retain their SMB customers.

Goldman Sachs, Backed By Marcus Lending, Books 4 Pct. Revenue Gain For Q3

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Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform.

Rep. Cleaver Releases Initial Findings In Alt-Lending Probe

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Representative Emanuel Cleaver II (D-MO) has published the initial findings of a probe into the alternative small business lending market in an effort to explore borrower protections, fairness and the possible need for greater regulatory oversight. B2B Payments alternative finance alternative lending B2B Emanuel Cleaver finance regulation fintech regulation Loan Discrmination loan regulation News Small business lending What's Hot In B2B

Member Business Lending is Much More Than That

CU Direct

As existing small businesses continue searching for ways to grow and prosper, Read more » The post Member Business Lending is Much More Than That appeared first on CU Direct Blog. business lending Lending business loans financial services small businesses

Bank of America SMB Loan Origination Up 6% Despite Crowded Lending Scene

Bank Innovation

Exclusive Innovations Lending Online Premium Risk Bank of America Biz2Credit Consumer Financial Protection Bureau Eastern Bank Federal Reserve FIS Numerated PayPal small business lending SMB lending Square Venrock Wells Fargo

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.

QuickBridge Shifts SME Lending Strategy

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15) that the company is now called QuickBridge and is expanding into the direct-to-business lending sector. ” In another statement, QuickBridge Vice President Jason Oslecki pointed to the company’s ability to better service SMEs by directly lending to borrowers. ” QuickBridge’s revamp comes at a time in the alternative lending space when players are looking to self-regulate ahead of possible action by lawmakers.

Affinity Plus CUs Approach to Innovation in Lending

CU Direct

Lending is top priority for credit unions who wish to thrive in today’s market, and to do so, innovative practices are key. Read more » The post Affinity Plus CUs Approach to Innovation in Lending appeared first on CU Direct Blog.

Laurel Road Scores Country Bank for Digital Lending

Bank Innovation

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