Gonzobanker

MARCH 21, 2024

The Small Business Credit Crisis If you search online for “small business challenges,” the list that Google returns is nearly endless. Minority small business owners need ‘fair and accessible’ lending. Small business owners face a credit crisis—and the problem is even worse for minorities. Sounds great, right? But what is it?

Lending 78

Lending How To Capital Data 78

Abrigo

APRIL 1, 2020

Financial institutions are gearing up for an influx of loan applications due to the Payment Protection Program (PPP), which could begin seeing applications as soon as Friday, April 3. When a partner lender is ready to submit loan guaranty packages and loan servicing request packages, it does so through the SBA’s online portal, E-Tran.

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Lending Illinois System Resources 195

PYMNTS

APRIL 8, 2020

As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. Small businesses, meanwhile, can use the platform to apply online as fewer physical bank branches are available. Funding Circle. Wolters Kluwer.

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Lending Fintech America Technology 245

PYMNTS

NOVEMBER 1, 2019

In the latest Disbursements Tracker , PYMNTS analyzes the impact of instant payments and disbursements on a variety of use cases and industries, as w ell as how payment innovation continues to grow and change in accordance with consumers’ disbursements needs. Instant payments are gaining in international markets.

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Lending Trends Payments Mobile 112

Bank Innovation

MARCH 23, 2018

As mobile wallets and consumer-to-business payments platforms grow in popularity as the preferred payment method among retail shoppers, it seems only natural that merchants should consider digital POS lending or instant financing options as a means to encourage more online purchases. Indeed, they are. Read More.

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Online Lending Survey Retail 218

PYMNTS

JANUARY 17, 2021

This will mark Figure’s fifth online financing facility, in which the company has closed almost $1.5 With the facility, Figure will work on fueling mortgage lending growth, which shot up nearly 50 percent month over month in the fourth quarter. Cagney also told PYMNTS in November about Figure’s project to work on payments.

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Lending blockchain National Payments 199

Bank Innovation

SEPTEMBER 21, 2017

Dutch bank ABN Amro’s online lending fintech New10 is open today. New10 was created to provide small businesses loans ranging between EUR 20,000 and EUR 1 million, through a process that is entirely online.

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Lending Fintech Online Payments 273

PYMNTS

FEBRUARY 14, 2020

has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement. Technology and equipment vendors can be live in a matter of minutes, offering real-time POS lending with little or no integration needed. “As CIT Group Inc.

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PYMNTS

DECEMBER 13, 2017

First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. The digital lending portal — which can be accessed via desktop or mobile device — supports eSignatures, and approved borrowers can receive loan funds in just three days.

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National Lending Online Mobile 108

PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. billion in 2015.

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Lending Online Community Washington 103

PYMNTS

OCTOBER 15, 2018

India-based PayMate is expanding its offering beyond B2B payment services as it steps into the small business (SMB) lending market. The company offers a solution to support digitization of B2B payments for both SMBs and larger corporates, reports said. Visa is using the PayMate platform to facilitate B2B payments in the country.

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Lending Marketing Payments Strategy 123

PYMNTS

JANUARY 28, 2021

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in which banks hold the upper hand, commercial lending included. But an overwhelming surge in demand painfully exposed traditional banks' biggest shortcomings in business lending.

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Lending Fintech Operations Software 164

Bank Innovation

AUGUST 15, 2018

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. National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016. Over the […].

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PYMNTS

NOVEMBER 5, 2019

Borrowers must often complete hefty amounts of paperwork before they are approved, and payments disbursed via paper checks can add delays. Many lenders are relying on advanced learning technologies like artificial intelligence (AI) and machine learning (ML) to offer instant loan payments without compromising the review process.

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Lending Payments Security Fintech 102

PYMNTS

AUGUST 17, 2020

Personal, unsecured loans issued through online lenders like Best Egg , LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. But new figures from data-crunching firm dvo1 are pointing to some surprising resilience in marketplace loans, a lending category widely considered to be high-risk.

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Online United States New York Lending 150

PYMNTS

NOVEMBER 4, 2019

That need for speed is also critical when it comes to loan disbursements , according to Paul Gu, co-founder and head of product for personal lending provider Upstart , as slow payouts can create frictions and frustrate customers. Disbursements in the Lending World. Instant Payments, Lending and New Technologies.

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Lending Industry Payments Cards 116

PYMNTS

OCTOBER 20, 2016

Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. The report noted Vullo’s remarks follow the launch last week of Goldman Sachs’ online lending platform, dubbed Marcus.

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New York Lending Online Cards 100

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. dLocal Grows Cross-Border Payments Network in LatAm.

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Lending Payments Mobile National 100

PYMNTS

JANUARY 3, 2020

In today’s top payments news, Apple’s share price hit a record high above $300 on Thursday, “buy now, pay later” company Sezzle was denied a lending license from California and a European Central Bank policymaker urged area banks to seek alternatives to Libra. CA Denies Lending License For BNPL Firm Sezzle.

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CA Lending South Dakota Apple 130

PYMNTS

JANUARY 4, 2019

Chesapeake Bank is expanding its alternative lending division, Cash Flow, with ProfitStars ‘ Commercial Lending Center Suite. ” The Commercial Lending Center Suite will also allow the bank to digitize and streamline the entire loan process. Launched in 1995, Cash Flow offers U.S.

Online 139

Online Lending Risk Management US 139

PYMNTS

MAY 2, 2017

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Drilling down a bit into the Puerto Rico market in particular, Arora noted some differences between small business lending versus, say, the United States.

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Puerto Rico Lending Online United States 118

PYMNTS

DECEMBER 2, 2019

Launched in 2016, Mercado Crédito offers credit to clients of its parent company, as well as to customers using its online payment platform, Mercado Pago , in Brazil, Argentina and Mexico. The Goldman Sachs loan won’t be used to finance lending in Brazil. “We

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Lending America Capital Regional 130

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

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Payments Resources Lending Online 263

Let's Talk Payments

OCTOBER 12, 2017

Renaud Laplanche, Co-founder & CEO of Upgrade, shares his thoughts on where online lending is today, where it is going, and how it fits the broader FinTech trends. Online Lending.

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Lending Online Video Trends 90

PYMNTS

NOVEMBER 21, 2019

Banking Circle , a company that provides global B2B payment solutions, is collaborating with payment processing company Cardstream to deploy a small business lending solution. “As part of this, we wanted to deliver a more accessible lending solution for businesses in need of a financial boost. .

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Lending Tools Payments Branding 110

PYMNTS

MARCH 26, 2019

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. Further, GLI Finance revealed a $25.93 Further, GLI Finance revealed a $25.93

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Lending Capital Fintech Security 190

PYMNTS

MARCH 6, 2019

As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues. The firm also noted that its growth in small business lending came against a backdrop where traditional bank lending to smaller companies was flat in that same period.

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Lending Capital Online Company 168

Bank Innovation

MARCH 7, 2016

Today, the Consumer Financial Protection Bureau began accepting complaints regarding online marketplace lending. Complaints received by Read More.

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Lending Online Regulation Industry 150

Let's Talk Payments

FEBRUARY 24, 2017

Online lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners.

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Lending Online US 110

PYMNTS

JANUARY 14, 2020

As diverse as they may be, they share a few common characteristics: an automated online application process, the use of proprietary algorithms to determine creditworthiness and a focus on speed and inclusivity. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

Online 131

Online Cleveland Lending Study 131

Bank Innovation

NOVEMBER 3, 2017

EXCLUSIVE–How should financial services build the future of digital lending? Schleck, senior vice president, centralized and online sales for Bank of America. Focusing on the simple things is a good start, said John C.

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America Lending Innovation Online 207

PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

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Lending Apple Study Online 146

Perficient

JANUARY 24, 2023

When a non-financial firm offers embedded banking, they offer a branded checking account to hold funds and make payments for the betterment of the company and its clients or workers. Prior to the embedded finance function, drivers would get paid weeks after in one lump-sum payment that combined multiple rides into one payment.

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Branding Cards Strategy US 472

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.

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Lending Analytics Data Security 129

PYMNTS

JANUARY 14, 2020

As diverse as they may be, they share a few common characteristics: an automated online application process, the use of proprietary algorithms to determine creditworthiness and a focus on speed and inclusivity. On that score, online lenders have been successful, according to a just-released study from the Cleveland Federal Reserve.

Online 132

Online Cleveland Lending Study 132

PYMNTS

JANUARY 2, 2020

Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending license from California. and Canadian consumers modest, interest-free loans, then takes ownership of the contract agreements between merchants and consumers to process payments. The company offers U.S.

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CA Lending California Minnesota 130

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

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Lending Fintech National Taxes 189