article thumbnail

Why The Goldman-Amazon Bet On SMB Lending Is No Sure Thing

PYMNTS

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

Lending 146
article thumbnail

Personalized Marketing: What Banking Customers Really Want

Perficient

blockchain​, digital wallets​, money center banks​, emerging payment solutions, digital lending​, economic turmoil​, and fintech disintermediation). Marketers often turn to technology vendors to help them define robust and compliant digital marketing strategies.

Marketing 294
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Logistics, Alt Lending Lead B2B Startup Funding

PYMNTS

The more than $1.593 billion raised by B2B startups this week showcases investors’ interest in business finance and payments. According to the firm, Rabbet is also focused on providing operational efficiencies to accelerate payments within the construction space. ” Lalamove. ZipLoan secured $12.5

Lending 139
article thumbnail

How The POS Could Unlock Smarter Small Business Lending

PYMNTS

Instead, the executive said, payment companies are not only an expansive source of financial data, they also hold a long-term relationship to their small business customers, making them a vital piece of the SMB lending puzzle. Payment processors have a huge part to play,” he said.

Lending 100
article thumbnail

Widening Borrower Protection’s Scope To SMBs

PYMNTS

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” “We have seen small businesses destroyed by online lending.”

Lending 136
article thumbnail

Growth Loops – The New Way To Grow Bank Product Sales

South State Correspondent

Instead of thinking about how you can grow customers, the commercial lending team often thinks about increasing loans. This problem is often magnified when marketing gets involved as marketing then goes off and creates a strategy based on the bias and limitations of what the product people told them.

article thumbnail

4 Ways Chatbots Can Improve the Car Buying and Ownership Experience

Perficient

Payment Options. We recently implemented a chatbot for a bank’s automotive lending division. For consumers wanting to purchase a car, the chatbot walks them through their payment options and provides different scenarios based on decisions like down payment or monthly payment maximums.

Strategy 409