PYMNTS

AUGUST 1, 2018

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. Small businesses are essential job generators, and the major driver of economic growth and vibrancy for all regions of the country.”. In addition, U.S.

Policies 100

Policies Report Regulation Maine 100

CFPB Monitor

APRIL 29, 2015

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation.

Lending 60

Lending Report Policies Compliance 60

PYMNTS

MAY 17, 2018

Regional lender in Japan, Suruga Bank , apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country, reports in Bloomberg said. Meanwhile, Prime Minister Shinz?

Compliance 108

Compliance Lending National Fraud 108

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 talk that alternative finance is dead. Well, in the U.S.,

Lending 100

Lending US Capital Report 100

PYMNTS

APRIL 26, 2020

banks,” an adviser with direct involvement in bank negotiations with German corporates told FT in a Friday (April 24) report. “…there is a clear pattern.”. This heavily influences risk management and regional exposure, which comes at the expense of clients abroad.”. European regulators have noticed the trend of retreating U.S.

US 143

US Regional America Lending 143

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

MARCH 12, 2019

Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to.

US 108

US Community Regional Lending 108

PYMNTS

DECEMBER 17, 2018

Smaller banks around the country are feeling the pinch as rising interest rates keep earnings static on loans and customers want more interest on their deposits, according to a report from The Wall Street Journal. The Southern National Bancorp of Virginia is now shelling out 2.25

Virginia 144

Virginia Lending New York National 144

Abrigo

DECEMBER 1, 2020

Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . Takeaway 2 Sentiment rose in 3Q, but the highly uncertain outlook warrants caution in ag lending activities. A tricky year for farmers, ag lending. You might also like this webinar watch. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

PYMNTS

JANUARY 8, 2019

In addition, Pakistan’s Telenor Microfinance Bank unveiled a cross-border remittance service based on Alipay’s blockchain technology, Indonesia’s KinerjaPay notched an investment of $200 million from a construction firm in the region and mobile payments are on the rise in China. percent year on year in 2019.

Regional 128

Regional blockchain Mobile United States 128

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty-four years have passed since SMB optimism was this high , according to the National Federation of Independent Business (NFIB). But the story doesn’t end there.

Lending 112

Lending Community Bank Regional Community 112

PYMNTS

FEBRUARY 18, 2019

China’s Operation Fox Hunt has led to the arrest of 62 Chinese nationals abroad and the seizure of 10 billion yuan ($1.5 billion) in assets from 380 fraudulent peer-to-peer (P2P) lending platforms, according to a Reuters report. The charges stem from illegally using P2P platforms to gather funds. trillion yuan ($217.96

Lending 129

Lending Regional Operations National 129

PYMNTS

MARCH 10, 2020

Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. In Southeast Asian markets, banks’ lack of adequate data on SMB loan applicants is perhaps the tallest barrier to connecting SMBs to capital in the region. Beyond Traditional Data.

Data 193

Data Lending Capital social media 193

PYMNTS

MAY 6, 2020

The latest in PYMNTS’ ongoing series of pandemic surveys and reports, Main Street on Lockdown: Reinventing the Road to Recovery , notes that the majority of SMBs that applied for PPP loans did so at larger national and regional banks, perhaps under the impression that larger financial institutions (FIs) have a better understanding of the program.

Regional 138

Regional National Maine Survey 138

PYMNTS

MARCH 14, 2016

As a region, Asia has seen $4.5 billion come into its financial startups from investors across a variety of stripes, which is quadruple the investment activity of a year ago, Reuters reported. That means the region is becoming a sweet spot for FinTech investment. The global investment activity in the space stood at $19.1

Fintech 100

Fintech Regional National Mobile 100

PYMNTS

AUGUST 28, 2019

As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

Fintech 172

Fintech Analysis Guidelines Data 172

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. And so went the birth of First National Bank of Keystone's meteoric rise. Nationwide lending! Clearly, blue-suit regulators stood out.

National 78

National West Virginia Virginia Pennsylvania 78

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. Government-issued digital identities are not just the realm of sovereign nations.

Online 144

Online Ohio Knowledge Base Regional 144

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week.

Fintech 155

Fintech Capital Lending Operations 155

Abrigo

DECEMBER 13, 2019

ABA study shows banks are reporting more cases of EFE. The Senior Safe Act provides a safe harbor for financial institutions reporting suspected EFE. . Prospectively maintain an appropriate ALLL/ACL and require the IDI to amend prior Reports of Condition and Income to correct previous inaccuracies in the ALLL/ACL balance.

FDIC 195

FDIC Regulation Capital Lending 195

PYMNTS

JUNE 4, 2018

has lagged behind other regions (notably Europe, and, for example, the U.K.) In news separate from the sandbox announcement, yet germane to the financial industry in general, loan terms are sweetening, with some regulators starting to worry about looser lending standards, leading to annual lending growth of 3 percent.

Fintech 119

Fintech Lending Regulation Examples 119

PYMNTS

JULY 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. Shares fell on the news. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9.

Fraud 142

Fraud Cleveland Indiana Community 142

PYMNTS

NOVEMBER 8, 2019

Both Moo and Linke will report to Jimmy Lee, the Asia Pacific head. With his extensive management experience and relevant market expertise, he is perfectly positioned to lead our important new Sub-Region,” he added. Moo will replace Torsten Linke, who was appointed the head of global India and developed markets.

Survey 100

Survey Management Regional US 100

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Depositors view the largest national banks as safer because they are perceived as too big to fail and implicitly backed by the government.

Community Bank 195

Community Bank Community Security Capital 195

American Banker

OCTOBER 18, 2016

Regions Financial in Birmingham, Ala., reported a higher third-quarter profit, citing improved fee income from mortgage lending, capital markets and credit and debit cards. It also benefited from some special items and energy-market improvements.

Regional 28

Regional Lending Capital Cards 28

PYMNTS

FEBRUARY 18, 2020

In one example, as reported by Xihuanet.com, the People’s Bank of China (PBOC) used a mechanism known as “reverse repos” to bring 700 billion yuan (about $129 billion) into banking activities. That target was slated to be announced at the National People’s Congress scheduled for early March, which is now delayed.

Policies 130

Policies Retail New York Lending 130

PYMNTS

JANUARY 29, 2018

China’s rising levels of corporate debt are in the headlines again with the nation’s banking regulator reportedly introducing to lower debt levels. Reports in Reuters said Friday (Jan. Regulators must keep clear heads and cannot be blindly optimistic,” the regulator stated in its report.

National 100

National Regulation New York Regional 100

PYMNTS

SEPTEMBER 19, 2019

The Asian Development Bank , which ramped up the trade finance industry’s focus on broadening access to small businesses after releasing a report that estimated the global trade finance gap now stands at $1.5 Only a fraction of other types of companies are in this fortunate position,” the report noted. We don’t want to see that.

Regional 117

Regional Analysis Management National 117

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

JUNE 7, 2016

With an eye on what could be called a true greenfield opportunity, alternative lending platform Biz2Credit is launching its small business lending products in India.

Online 100

Online Lending Course Risk Management 100

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.”

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

MAY 2, 2016

Then, there is the risk of corporate lending. The Asia-Pacific region, however, is hot on its heels, with rapid growth forecasted for this time period. said an eyebrow-raising report released last week by Tungsten Network. It marks the longest wait period for suppliers to get paid in China in 14 years, reports said.

Lending 100

Lending Security Fraud Regional 100

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. As one executive lamented regarding a vendor, “These guys don’t even have the manners to get back to us with reports on our issues.”. In 2021, the Standish Group reported that 83% of I.T.

Technology 145

Technology Regional Community Bank Community 145

PYMNTS

FEBRUARY 10, 2017

With a goal of expanding its presence across the Nordic region, Enterpay, based in Finland, has raised new funding from NFT Ventures, the companies said Monday (Feb. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said. Alternative Lending. B2B Payments.

Fintech 100

Fintech Capital Lending Data 100

PYMNTS

JULY 8, 2016

The Asia-Pacific region undoubtedly led the way, with India securing the largest investment of the week (alternative SME lending) and other deals reaching Australia and China in the logistics, cross-border payments and SaaS segments. Reports said the firm is also looking to further expand in Australia and Asia.

Capital 101

Capital Lending Industry Management 101

Jeff For Banks

APRIL 4, 2010

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. A case in point: the First National Bank of Hallstead… now Peoples National Bank (see photo). The bank closed during the national bank holiday that was ordered by President Roosevelt in 1933.

Community Bank 60

Community Bank Pennsylvania National Community 60

PYMNTS

SEPTEMBER 22, 2017

Once again, the world’s alternative SMB lending industry regained the spotlight, with key deals in Asia and South America placing the industry in the top spot for this week’s B2B FinTech roundup. Alternative Lending. Power2SME, based in India, has topped off its investment with a $36 million Series E round, news reports this week said.

Capital 152

Capital America Lending Industry 152