PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market. Credit Unions In Growth Mode.

Lending 129

Lending Analytics Data Security 129

PYMNTS

MARCH 8, 2019

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. “We don’t think we’re going to automate every lending decision,” said Doignie.

Lending 118

Lending Strategy Capital Groups 118

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

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 14, 2021

In Pakistan, for firms seeking to spur that adoption and to foster financial inclusion, it’s important to have a “cash in, cash out” mindset, as Erwan Gelebart, CEO of digital wallet, mobile payments and digital banking provider JazzCash , told Karen Webster in an interview. Apps — And Agents, Too .

Mobile 234

Mobile Payments Course Data 234

PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. The company said its loans, which are between $10 and $500, are dispersed to a mobile wallet or via a payment method of the customer’s choice. “At Tala currently operates in Kenya, Tanzania, the Philippines and Mexico, and has launched a pilot in India.

Lending 193

Lending Company Marketing Regional 193

Bank Innovation

MARCH 16, 2016

Lenny is meant for mobile (of course) and launched today in California. Millennials hate credit — but a new service called Lenny is out to change that. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.

Millennials 150

Millennials Mobile Florida Lending 150

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

JANUARY 22, 2019

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. The firm enables businesses to accept electronic payments via mobile POS device.

Lending 137

Lending Payments Tools Capital 137

PYMNTS

MAY 25, 2018

After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a leader in financial inclusion. And, since Kenya has been an experimental case for new digital lending tools, Reuters said that the regulation will be closely monitored by fintech startups.

Regulation 101

Regulation Lending Mobile Course 101

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 108

Operations System Groups Technology 108

PYMNTS

MARCH 29, 2018

Analysis of borrowing behavior among small businesses suggests SMB borrowers are increasingly turning to mobile devices to access funding, according to new data from Kabbage. The value of financing accessed via mobile device increased during that time too, by more than 1,220 percent, Kabbage said. Lending is no different.”.

Mobile 101

Mobile Lending Meeting Analysis 101

PYMNTS

OCTOBER 9, 2020

In today’s top payments news around the world, cross-border payment platform dLocal has grown its network, while Mambu is joining forces with New Zealand digital lending platform Ranqx to enhance digital lending. Mambu, Ranqx Partner to Enhance SMB Digital Lending. Hackers Hit Mobile Money Payments Processor in Uganda.

Lending 100

Lending Payments Mobile National 100

PYMNTS

JUNE 26, 2020

Financial institutions (FIs) worked quickly to ensure they could operate smoothly as the pandemic kept consumers at home and closed brick-and-mortar branches in Europe, the United Kingdom and the United States. How N26 Is Using Cloud Core Banking for Nimble Mobile Innovation. Developments Around the Cloud Banking World.

Meeting 227

Meeting Mobile Digital Banking Tools 227

PYMNTS

OCTOBER 4, 2019

The PYMNTS September Credit Union Tracker pointed to the growing pressure for credit unions to respond to their members’ rising demands for mobile-friendly platforms, faster payment services and other modern financial products. ” Of the thousands of these players operating in the U.S. “This is an extraordinary thing.

Lending 152

Lending Community Bank US Community 152

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

Bank Innovation

JUNE 25, 2018

Marcus, the consumer lending arm for Goldman Sachs, wants to become the one-stop shop for many of your financial matters, except for one: credit cards — at least for now. “Our fundamental thinking on the credit card space is that there is a lot of innovation that is required. It is true that the industry has a […].

Lending 199

Lending Cards Innovation Industry 199

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Starbucks Steals The Mobile Show (Again). EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

OCTOBER 31, 2018

But competition and marketing expenses will cut into profits, and mobile revenue declined about 12 percent year over year. That news comes as Samsung better positions itself for the coming of 5G mobile technology — in mid-October, Samsung said it had bought Zhilabs to further enhance its 5G capabilities. Mobile Flagship Sales.

Samsung 122

Samsung Mobile Maine Marketing 122

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. This is the bank’s product backed up by our brand.

Lending 134

Lending Alabama Online System 134

PYMNTS

SEPTEMBER 17, 2019

France’s FairMoney , a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. Mobile FinTech is key to addressing financial inclusion for under-banked businesses and individuals, particularly in Africa where smartphone penetration is high.

Mobile 116

Mobile Data Fintech Digital Banking 116

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

FEBRUARY 23, 2020

Other fintech operations like MYOB and Xero have indicated they want to swim in similar small business credit waters alongside PayPal. Matthews said the creation of a secure, government-issued identity framework would make it easier to get people verified and authenticated, which would in turn spur growth in Australia.

Lending 226

Lending Fintech National Strategy 226

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

MARCH 10, 2017

Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. and Europe — small businesses and entrepreneurs in emerging markets find they’re being shut out of the bank lending market altogether. The Mobile Device.

Mobile 149

Mobile Lending Data Marketing 149

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Their next target could be small business lending, and according to some experts, it’s fast approaching the market. New reports in Bloomberg on Wednesday (Oct. We’re starting to see that.”.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

JULY 21, 2017

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. An announcement by the financial institution (FI) this week said it now enables small businesses to apply for loans via its mobile app.

Mobile 100

Mobile America Lending Meeting 100

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Investors on Monday (June 27) provided $10 million to D3 Banking for it to further its research and development operations, reports said. Alternative Lending. Lendingkart. Five Star Business Finance.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

OCTOBER 30, 2018

Alipay revealed last month that it now has more than 700 million annual active users of its mobile payments solution, a 200 million user increase from the year prior. Ant Financial also already supports small business mobile loan application for companies that use Alipay’s QR code solution to accept customer payments.

Lending 134

Lending Tools Mobile Analysis 134

PYMNTS

JULY 16, 2019

JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Other consumer lending, excluding credit cards , was down 6 percent year on year to $352 billion. billion.

Mobile 108

Mobile Cards Community Bank Conference 108

PYMNTS

FEBRUARY 19, 2020

Kivanc Onan, head of B2B North America Financial Products for Alibaba , explained how features like lending services can help sellers get paid up front, while delivery guarantees that buyers feel more comfortable. To find more on these and the rest of the latest headlines, download the Report. Read the full story in the Report.

Mobile 197

Mobile Online Payments Tools 197

Bank Innovation

JULY 5, 2019

The Bank of Montreal has launched a mobile loan application tool for its Canadian customers. Brett Pitts, BMO's chief digital officer, told Bank Innovation the product rollout was a response to customer demand. Customers were looking for a solution that would simplify the process and provide them with a real-time decision,” he said.

Tools 186

Tools Mobile Innovation Operations 186

PYMNTS

APRIL 30, 2019

Mobile food ordering has become a crowded space. The surge in these mobile order-ahead apps is being driven by consumers for the most part. Mobile ordering has also become big business. According to the April 2019 Mobile Order-Ahead Tracker , a collaboration between PYMNTS and Kount , the estimated value of the U.S.

Mobile 100

Mobile Fraud Industry Security 100

Bank Innovation

SEPTEMBER 21, 2017

EXCLUSIVE – There were conflicting views on the importance of the FICO score at the PayThink Conference in Phoenix this week. While only some professionals were bold enough to say the standardized credit scoring has become marginalized, others maintained that it was here to stay.

Phoenix 342

Phoenix Data Lending Marketing 342

Bank Innovation

FEBRUARY 7, 2019

Wells Fargo customers nationwide are experiencing technical difficulty accessing the San Francisco-based bank’s online and mobile banking services.

San Francisco 170

San Francisco Online Mobile System 170

PYMNTS

SEPTEMBER 11, 2019

Make that leather wallet a mobile one, wielded on smartphones. As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. That license will let the challenger bank launch banking operations, regulated by both the PRA and the Financial Conduct Authority (FCA). Kill the check.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

DECEMBER 1, 2019

Africa’s most populous country — roughly 200 million people — is behind in offering mobile banking compared to the rest of Africa. Only one mobile banking license has been issued this year. Lenders are hoping to stave off mobile competition by expanding retail banking. Other examples include FairMoney and PalmPay.

Fintech 254

Fintech Mobile Examples Policies 254