Kabbage Set to Acquire Lending Data Startup Orchard Platform Markets

Bank Innovation

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Capital Exclusive Lending Startups acquisitions capital Kabbage lending marketplace lending Orchard Platform Markets startups

PayPal Invests In Emerging Markets Lending App Company Tala

PYMNTS

Tala, the consumer lending app in emerging markets, announced Monday (Oct. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world.

Why P2P lending works in some markets and not in others

Chris Skinner

One article typified this feeling: High-society fintech under pressure … The post Why P2P lending works in some markets and not in others appeared first on Chris Skinner's blog. Someone asked me about getting return on investment in fintech.

Mortgage lending and the interest rate environment

ForwardBanker

While forecasts predict steady growth in the housing market, a quick glance at the latest housing data shows some of the volatility and challenges facing mortgage. The post Mortgage lending and the interest rate environment appeared first on Deluxe FS.

The Rise of Alternative Data in the Lending Market

Bank Innovation

Exclusive Innovations Lending Mobile Operations Payments Affirm alternative data artificial intelligence credit invisible Elevate FICO FICO score lending machine learning Petal Underwrite.ai

China’s P2P Lending Market Expected To Shrink In 2019

PYMNTS

The P2P lending market in China has been rife with scams and controversy for some time now. Bloomberg, citing people with knowledge of the matter, noted that Chinese authorities are gearing up to shut down small and medium-sized P2P lending platforms across the country. Prior to the recent activity on the part of the Chinese government , this type of lending was seen as one of the riskiest and least regulated areas of the financial markets.

Indonesian Lending FinTech JULO Closes $15M Series A

PYMNTS

Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million, according to a report. There are lots of players in this market.

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. In markets like Australia, this is already happening.

Capital One: Pressure from non-banks is hurting commercial lending

Bank Innovation

Capital One‘s commercial lending business is facing price pressure from a saturated market of lenders, including non-banks, that are pushing interest rates down. Carousel Corporate Banking Lending BlueTarp BlueVine Capital One Kabbage OnDeck

DeFi will eat traditional finance and dramatically expand the global lending market

Daily Fintech

The post DeFi will eat traditional finance and dramatically expand the global lending market appeared first on Daily Fintech. In Assyria and Sumeria, merchants made grain loans to farmers and traders that carried goods between cities.

UK, US SMB Lending Experience A Growing Divide

PYMNTS

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. “Small business lending remains strong and is growing at big banks and at regional and community banks,” said Biz2Credit CEO Rohit Arora in a statement.

Building A Better Payday Lending Product

PYMNTS

OppLoans CEO Jared Kaplan told Lend Academy that it is a reputation that the industry has done a lot of work to bring upon itself by taking advantage of desperate people living in desperate times.

Lending and Credit Automation: Before and After

Abrigio

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. Drive faster lending decisions. Lending. Lending. Lending.

Metro Bank Pulls Back On Commercial Lending

PYMNTS

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. B2B Payments B2B challenger bank commercial lending digital payments Metro Bank News What's Hot In B2B

Metro 148

PayPal Hits $10B SMB Lending Milestone

PYMNTS

So, it’s within that context that PayPal announced new numbers today (May 29) on the impact of its lending business on the small business sector. In a new PYMNTS interview, Karen Webster spoke with PayPal’s VP and General Manager of SMB Lending Darrell Esch about the story behind that $10 billion mark, and what’s coming next. The new PayPal SMB lending milestone comes at an exciting, and perhaps even sensitive, time for small businesses, both in the U.S.

U.K. Scrambles To Prop Up Business Bank Lending

PYMNTS

The Bank of England released new data late last week warning that business bank lending in the country hit its lowest rate in nearly two years in July. billion decline in net lending to companies in the month driven by the $2.43 percent growth rate in lending for the month.

The key to mortgage originations? Savvy marketing

ForwardBanker

Savvy marketing appeared first on Deluxe FS. Marketing Insights interest rates lending Marketing mortgage mortgage rate originations ratesWe entered the summer in a surprise low-rate mortgage environment.

How NepFin, HSBC Target A Middle-Market Lending ‘Gap’

PYMNTS

Nature abhors a vacuum, as the saying goes, and we might say the same for corporate lending. There’s opportunity in serving the middle market in the U.S., where smaller firms seem stuck in a limbo of fragmented lending solutions, and where loans are pricier than might be seen elsewhere. After all, a more streamlined lending process gets capital into the hands of business owners who want to put a tailwind behind growth. and middle-market firms employ 29.7

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

Has Alternative Lending Seen Its VC Peak?

PYMNTS

The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry.

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

Understanding Trigger Marketing

CU Direct

Credit unions are realizing the importance of automating their marketing efforts, leveraging their data, so that products and services intersect as efficiently as possible with. Read more » The post Understanding Trigger Marketing appeared first on CU Direct Blog.

CashCall, Courts And California’s Increasingly Confusing Lending Market

PYMNTS

All that to say this has been an especially tough week for CashCall, and possibly the entire installment lending industry in the state.

SMB Payments, Lending Startup KiWi Grabs Funding

PYMNTS

Investors have backed Switzerland-based FinTech startup KiWi to help the firm expand its small business payments and lending operations in Mexico, reports in BankingTech said Monday (Jan.

Australia is the Next Largest Market for Alternative Lending, KPMG Says

Bank Innovation

Australia has become the second largest market for alternative lending due to the country’s favorable regulations for lenders. Exclusive Lending Online alternative finance Alternative Lending Australian fintech Chinese Fintech Financial Regulation

What Does The Credify Story Tell Us About Market Place Lending And $LC Stock?

Bank Innovation

The story is that the founder of Lending Club, Renaud Leplanche, who was ousted in a scandal in May was creating a new venture to compete with Lending Club called Credify. Newswire consumer banking Lending Club Lending Marketplaces P2P Lending WealthTech

How to Mitigate Ag Lending Risks

Abrigio

Assigning credit risk is tricky with ag lending since both environment and economic factors carry significant weight. The good news, however, is that there are strategies that small ag financial institutions can employ to mitigate the risks associated with ag lending.

Hong Kong Relaxes Rules In Effort To Boost FinTech Lending

PYMNTS

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. B2B Payments API B2B banking Cash Management hkma Lending News

WeLab Eyes Services In China Beyond Lending

PYMNTS

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.

Starling Debuts New Business Lending Strategy

PYMNTS

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy.

Marketplace Lending At The Crux Of Changing SMB Finance Tides

PYMNTS

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups.

SBA Promotes Credit Union SMB Lending

PYMNTS

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Last year, data from Biz2Credit found that lending to small businesses by credit unions had “stagnated.”

FinTech Pressures FI Giants To Strengthen SMB Lending In Mexico

PYMNTS

Analysts say the financial struggles of small to medium-sized businesses (SMBs) are challenging the strength of the national economy, adding pressure to a market whose gross domestic product forecast for 2019 was recently cut by Mexico’s central bank.

OnDeck Is Largely Ditching Marketplace Lending

Bank Innovation

A deep read of OnDeck Capital‘s earnings report yesterday reveals this truth: the company is moving away from marketplace lending. Capital Corporate Lending Mobile Online Risk capital markets funding Lending Club marketplace lending OnDeck Capital Prosper

Grab Financial Gets In SME Lending, Insurance

PYMNTS

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.

Xiaomi To Roll Out Consumer Lending In India

PYMNTS

With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. India is said to be the biggest market for the company outside of China.

5 New Marketing Competencies for Mortgage and Consumer Lending

ForwardBanker

When marketing mortgages and consumer loans, is it business as usual and the same-old-same-old for your community bank or credit union? Sure, certain marketing strategies will remain timeless — addressing customers by name when they interact with branch staff comes to mind.

NepFin Finds White Space In Middle-Market Lending

PYMNTS

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market. Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S.,

Kabbage Acquires Lending Data Provider Orchard Platform Markets

PYMNTS

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. Founded in 2013, New York-based Orchard initially provided Wall Street firms with data on the marketplace lending sector. The company also announced that it has priced the largest asset-backed securitization of small business loans in the online lending industry.

FTC Calls For Tighter Small Biz Lending Scrutiny

PYMNTS

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). The U.S.

Sub-Prime Lending’s Late-Year Bounce

PYMNTS

In 2016, the market experienced a pullback as lenders slowed or stalled sub-prime originations,” Komos said. 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. That has meant a dearth of so-called starter homes on the market, further depressing action. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9

The state of mortgage lending in 2019

ForwardBanker

The post The state of mortgage lending in 2019 appeared first on Deluxe FS. Marketing Insights industry lending mortgage mortgage lending outlook stratmor

ShopKeep Enters Small Business Lending Market

PYMNTS

ShopKeep’s entrance in the small business finance space comes as another POS company, Square, finds major success with its own SMB lending operations. We’re creating a new market where … the only other option was asking for a loan from friends or family,” he said. Like its competitor Square, ShopKeep seems to be stepping closer into its business users’ back offices. On Wednesday (Aug. 29), ShopKeep announced the launch of a small business financing solution, ShopKeep Capital.