PYMNTS

FEBRUARY 14, 2020

has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement. Technology and equipment vendors can be live in a matter of minutes, offering real-time POS lending with little or no integration needed. “As CIT Group Inc.

Lending 151

Lending Groups Online Technology 151

Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. It’s critical for community banks to have online loan applications, process automation staff skilled in digitization and more. Benefits of digital lending. Ensure a more consistent lending process.

Lending 91

Lending Community Bank Community Illinois 91

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

How To 195

How To Lending Software Survey 195

PYMNTS

JANUARY 21, 2021

The need to streamline new product development is especially urgent as banks have had to pivot to online channels amid the pandemic. Banks must grapple with the ongoing challenges of day-to-day operations, technology — and especially regulations — amid any new effort. Cohen asked. It’s unthinkable.”. Launching Into New Markets.

Management 303

Management User Experience Innovation Fintech 303

PYMNTS

MAY 13, 2016

The online lending platform said its new funding will be used to boost its proprietary credit underwriting engine, enter new market segments and explore delivering new product lines. “In terms of new segments, we have been looking at driver financing space through our partnership with Uber.

Lending 100

Lending Online Capital Fintech 100

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

Lending 189

Lending Fintech National Taxes 189

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. Takeaway 2 Carefully considering a new customer's industry ensures it is a good fit for your risk appetite and helps better manage your customer relationship.

Analysis 195

Analysis Industry Risk Management Lending 195

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

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. Regulations take shape, usually quite a bit more slowly.

Lending 150

Lending Guidelines Fintech Industry 150

Bank Innovation

MARCH 21, 2017

A quick, seamless API for wealth management customer authentication and data aggregation may not fix all of SoFi’s problems, but it certainly helps. The alternative lender demoed its new Authentication API, built in partnership with Quovo, a financial data aggregator for wealth management, at the FinDEVr conference today.

Management 397

Management Conference Data Operations 397

PYMNTS

DECEMBER 7, 2020

With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues.

Capital 356

Capital Online Tools Lending 356

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

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. Grow with Grab” is its full push into lending and insurance, the company said in the press release.

Lending 131

Lending Fintech Groups Policies 131

PYMNTS

JANUARY 15, 2021

But presentation materials that accompanied the results showed that of the reserve released in the quarter, $900 million came from the consumer side of the book, so to speak, and were released from home lending. The remaining $2 billion that was released came from the bank’s wholesale operations. billion at the end of the quarter.

Management 151

Management Mobile Conference Lending 151

PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. Avant is really two businesses operating under one roof — connected in crucial ways, but separate in function. These are massively complicated and expensive systems to build.

Lending 134

Lending Alabama Online System 134

PYMNTS

OCTOBER 19, 2020

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. Sudheera Vanguri , product manager lead at Google, said in a b log post on Monday (Oct. Lending DocAI is part of Google's Document AI portfolio for the mortgage industry. billion.

Google 264

Google Tools Lending Industry 264

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? While online lenders Kabbage and OnDeck lent $2 billion and $2.5

Lending 136

Lending Community Bank Community Data 136

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). Capify is an online alternative lender that serves SMBs in the U.K.

Fintech 210

Fintech New York Capital Lending 210

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. NAB will add Eedenbull’s Q Business platform to its offering to help SMBs track and manage spend, as well as to automate compliance controls. National Australia Bank Chooses Eedenbull.

Fintech 341

Fintech National Groups Tools 341

Abrigo

MARCH 2, 2023

But when a storm hit, limitations on the back end due to its insufficient operations technology hampered Southwest’s ability to handle the most basic customer service in that industry: getting customers safely where they needed to be. A buyer’s guide for lending software for smaller financial institutions can be helpful.

Technology 195

Technology Lending Community Software 195

PYMNTS

MARCH 20, 2020

Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group , have announced they will offer rapid finance approvals to online merchants that use Chinese shopping site Tmall, according to reports. It will have first-mover advantage,” said Louis Tse Ming-kwong, managing director of VC Asset Management.

Big Data 203

Big Data Lending Regional Operations 203

PYMNTS

AUGUST 9, 2019

FinTech investments targeting B2B and corporate services spanned the globe, with particular concentration this past week in SMB lending across India and Europe. The Series C round was led by CDC Group, which in turn operates as a UK government owned VC fund. Aspire Fund Management, for its part, is based in Trinidad and Tobago.

Lending 116

Lending Capital Fintech Florida 116

PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.” He was far from alone.

Lending 100

Lending Capital Compliance Operations 100

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

JANUARY 7, 2021

After Simple Bank launched as an online bank specializing in high-interest savings accounts, the current economic climate ended up making it unfeasible. The letter says that in the future, those accounts will solely be operated under BBVA, but customers will be able to access their money normally until then. So BBVA pulled the plug.

FDIC 336

FDIC Google User Experience Lending 336

PYMNTS

JULY 1, 2016

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

CFPB Monitor

SEPTEMBER 8, 2022

Although bank lending partnerships with fintechs continue to receive OCC attention, recent remarks by OCC officials indicate that OCC scrutiny is now also directed at partnerships outside of the lending arena. This approach is expected to enable a clearer focus by the OCC on risks and risk management expectations.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

OCTOBER 25, 2019

Now, the fast-growing operation is tapping into one of the growing trends in payments and commerce by offering online financing for its many partners. To get a better handle on what’s going on — and why OYO is embracing hotel financing — PYMNTS recent talked with Abhinav Sinha, chief operating officer and operating partner at OYO USA.

Online 100

Online US Trends Operations 100

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

JANUARY 6, 2017

based startup company that operates an online lending platform, has received an investment of £40 million from British Business Bank, the state-owned bank, but the money comes with strings. According to a report , Funding Circle has to use the funds to lend to small businesses. Funding Circle, the U.K.-based

Lending 100

Lending Report Operations Online 100

PYMNTS

OCTOBER 30, 2018

They include business intelligence solutions like analysis and support for digitization, as well as supply chain management tools and access to small business loans via Alipay’s online bank MYbank. Earlier this month, Alipay said hackers had managed to steal money from some of its user accounts via stolen Apple ID credentials.

Lending 134

Lending Tools Mobile Analysis 134

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

SEPTEMBER 4, 2019

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said.

Analytics 137

Analytics Data San Francisco Lending 137

PYMNTS

MARCH 18, 2016

The alternative small business lending market took home the biggest slice of cake this week with about $33.5 The company announced late last week that it secured nearly $29 million in Series C funding from Leumi Partners and Oaktree Capital Management, according to reports. million worth of venture capital across two deals. and Europe.

Lending 100

Lending Capital Google Security 100

PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s no doubt about it: Alternative lending had a stellar week.

Lending 100

Lending US Capital Report 100

Abrigo

JULY 5, 2020

Indeed, with in-person contact between members and staff prohibited by stay-at-home orders during the pandemic, credit unions relied on online loan applications to collect information from the deluge of prospective borrowers who sought funds in the first round of PPP funding. The SBA didn’t break out larger credit union PPP lending activity.)

Technology 195

Technology Lending Capital Meeting 195