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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.

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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,” said Jacqueline Reses , the head of Square Capital, in a statement. “In

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Popular Celebrates 127 Years of Service to our Communities

PopularBank

A Message from Popular Bank Chief Operating Officer Manuel Chinea. I am proud to share that Popular’s commitment to meeting the diverse and growing needs of our customers and communities across all our regions is stronger than ever before. On October 5, Popular will proudly celebrate our 127 th year of service.

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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. It’s totally cool that banks and credit unions are piloting the power of new technology, but so far the use cases have been batch files, reconciliation and exception reporting processes that operations folks who retired on the golf course were writing back in the ’80s. It’s game on.

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The 2022 GonzoBanker Awards

Gonzobanker

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation.

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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. Wise Systems.

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