PYMNTS

JANUARY 4, 2019

Chesapeake Bank is expanding its alternative lending division, Cash Flow, with ProfitStars ‘ Commercial Lending Center Suite. “The full lifecycle management platform enables us to offer our clients a better experience, and allows us to focus on risk management and excellent customer service.

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Online Lending Risk Management US 139

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.

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Lending Groups Online Technology 151

PYMNTS

MARCH 15, 2016

StreetShares, an online lender that offers loans to small businesses — many of them veteran-run — has secured another batch of funding. The company, founded by CEO Mark Rockefeller, announced that it has secured a $4.5 million Series A round but noted that the round is still open.

Online 100

Online Security Lending Fintech 100

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. Contacting a branch manager might yield insight on depositors for potential upsells for loans.

Lending 150

Lending Analysis Taxes Data 150

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). ”

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Lending Fintech National Taxes 189

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.

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Lending Community Bank Community North Dakota 91

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

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. LOS process management features.

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System Lending Analysis Software 195

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. The move comes in the face of growing evidence that the loans they have sold and secured have not quite performed up to par. The Coming Risk Assessment Reset.

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PYMNTS

NOVEMBER 5, 2019

Such tools are being used to automate the development of risk profiles, identity verification and data analysis — areas that are key to ensuring quick and secure verification before funds are disbursed. Instant Payment Challenges In Online Lending. The Digital Lending Approach And Real-Time Payments.

Lending 102

Lending Payments Security Fintech 102

Abrigo

FEBRUARY 3, 2017

Most notably, the institutions recognized that change was overdue for their business lending programs. Bank management understand that the process small business owners go through to apply for a loan at most financial institutions is often archaic. There is no document ping pong, and you submit everything online securely. •

Lending 150

Lending Community Bank Meeting Community 150

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.

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Google Tools Lending Industry 264

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending. Keep an eye out for potential changes in the final rule.

Data 195

Data Lending Compliance Resources 195

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. Alternative Lending. 3) that it secured $250 million in equity funding from a subsidiary of SoftBank Group.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Swedish Startup Lendify Closes $115M Funding Deal. Morgan Stanley and J.P.

Security 134

Security Groups Payments Regulation 134

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. 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.

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Lending Alabama Online System 134

PYMNTS

MAY 18, 2016

Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late on Monday (May 16) in San Francisco that claims that the online lender inflated its share price by not being transparent about the company’s issues with managing itself.

Lending 100

Lending San Francisco Online Management 100

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

Qudos Bank

FEBRUARY 15, 2024

From shopping strategies to secure banking options, we explore the many ways to help you manage your hard-earned money amidst the economic climate. Our Fraud and Security hub offers a wide range of information on various types of scams, how to identify them, and ways to protect yourself and your earnings.

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Management Taxes Cards Resources 52

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 finding round was led by Aspire Fund Management, which contributed $2 million of the aforementioned $2.5 The firm now has 63 centers in nine cities. million tally.

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

FEBRUARY 26, 2019

Online lender Social Finance (SoFi) is launching two free exchange-traded funds (ETFs). Citing regulatory filings, Bloomberg reported that the funds — set to waive management charges for at least the first year — will focus on U.S. The funds are free until at least March 27, 2020, with the waived fee being listed in the filing as 0.19

Online 116

Online Capital Marketing Branding 116

PYMNTS

SEPTEMBER 3, 2019

“Starling understands that many SMEs want to manage their banking online as well as through mobile applications and to support this, it will launch its web portal in Q3 2019,” Starling wrote In its update. That tool allows larger SMBs with multiple managers to obtain secure access to bank accounts.

Lending 171

Lending blockchain Security Management 171

PYMNTS

APRIL 24, 2017

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. We break down the latest on SME lending in these key markets. On the other side of the conversation is Marathon Partners Equity Management, LLC, which has owned 1.75

Lending 100

Lending US Capital Community 100

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.

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Lending Analytics Capital Industry 101

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.

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Lending Tools Mobile Analysis 134

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. Enterprise Security. Skyport Systems .

Lending 100

Lending Capital Google Security 100

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

OCTOBER 4, 2019

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Another form of identity security is biometrics.

Online 144

Online Ohio Knowledge Base Regional 144

PYMNTS

OCTOBER 10, 2018

SoFi grew up quickly, expanding both the number and types of products it had on offer (mortgage loans, personal loans, wealth management services and life insurance) and its ambitions for what type of firm it wanted to be. Securities and Exchange Commission, is an adviser to Figure. Arthur Levitt, former chairman of the U.S.

blockchain 124

blockchain Online Capital Lending 124

PYMNTS

AUGUST 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. Securities and Exchange Commission (SEC) on Monday (Aug.

US 147

US United States Lending Regulation 147

PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

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. Absa Group Collabs With Surecomp.

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Fintech National Groups Tools 341

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

PYMNTS

APRIL 10, 2017

According to a report in Reuters , the partnership is aimed at enabling customers to identify fraudsters applying for credit cards and lending products online. It will be particularly helpful in spotting an automated program or bot being used by a bad actor to apply for credit cards online with stolen identity.

Fraud 104

Fraud Online Cards Lending 104

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

PYMNTS

JUNE 17, 2020

The investment raised Pagaya to over $200 million in consumer credit asset-backed security (ABS), the release states. The company said on its website that it plans to manage the unsecured loans purchased with the money. GF Investments, and Siam Commercial Bank. But now, businesses have some cautious optimism amid reopening.

Fintech 151

Fintech Lending Security Capital 151