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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

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
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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. Fed Calls On Small Banks.

Payments 173
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Business Trend Lines

Independent Banker

As in past years, community bankers will continue to contend with a dynamic, highly competitive lending environment in 2016. Several trends have arisen that are likely to continue shaping the commercial lending market. Here are five commercial lending trends from some of the industry’s top commercial lenders.

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Walmart Amazon Whole Paycheck Tracker: Responding, Reorganizing And Resetting For COVID-19

PYMNTS

This week, however, those sellers got some good news in the form of an announcement that Amazon would temporarily not require sellers in its marketplace to repay loans it had made to them. . Amazon Lending, a program that distributes loans to marketplace sellers, will pause payments starting this week through April 30. percent. .

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The 2019 GonzoBanker Awards

Gonzobanker

picks up Bancorp of New Jersey, Inc. Chime is a category killer in new digital accounts opened, but it’s still not clear how small online payment accounts and debit interchange will create a future earnings. Best Insider Core Deal of the Year – Goes to Live Oak Bank for signing with new core system entrant Finxact.

Idaho 148
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B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank.

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