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Lendified And The SMB/Millennial Connection

PYMNTS

The CEO told PYMNTS that the $20 million credit pact will be earmarked for direct lending and that there is a “multiplier effect” that would come as that money is moved into the economy — enough so that more than $60 million in final funding may result, which could help create new businesses and jobs.

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How Small FIs’ SMB Lending Journeys Nudge The US Toward Open Banking

PYMNTS

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. ” Of the thousands of these players operating in the U.S. “With bigger banks, some of them have more software engineers than Google,” he said. “This is an extraordinary thing.

Lending 152
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Main Street Banking: A Podcast for Community Bankers 8. Banking artificial intelligence (AI), the customer experience, enticing millennials, and change management are among subjects tackled in recent episodes. Lending & Credit Risk. Lending & Credit Risk. Banking Transformed 2. BankTalk 3. Banking with Interest 4.

Community 195
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What Is Powering The Emerging Pawnaissance?

PYMNTS

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151
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Disbursements Satisfaction Report 2020: Monetizing Payout Choice

PYMNTS

Checks and bank account deposits can take several days to settle yet continue to serve as the main disbursement method. It also limits the growth possibilities of microbusinesses that need funds to acquire new clients and to invest in their operations. .

Report 228
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Small Business, Big Banking Not A Winning Combo, Survey Finds

PYMNTS

That’s bad news for some of the largest FIs, despite a recent uptick in small business lending activity. The statistic, the report said, also suggests that small businesses are in need of cutting-edge solutions and are eager to adopt innovative services as more small business owners emerge from the millennial generation.

Survey 112
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Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.