PYMNTS

NOVEMBER 30, 2020

Velo Labs, Visa and Lightnet Group will work together on payment offerings targeted at serving the micro, small and medium enterprise (MSME) lending market in Asia, the announcement stated. The news comes after the firm that built out the Velo Protocol, Lightnet, landed $31.2 The International Finance Corporation forecasts that $5.2

Lending 197

Lending Groups Capital Security 197

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. But there is evidence that investors’ appetite for alternative lending startups is on the wane, even as overall FinTech funding continues to climb — and as the success of the alternative lending market grows, too.

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Lending Capital Fintech Security 190

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. The company's finance platform, Alipay, has reams of data on users' spending, borrowing and lending habits and histories.

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Regulation Groups Operations Lending 158

PYMNTS

APRIL 14, 2020

To roll out a completely managed small business lending offering that digitizes the end-to-end loan life cycle, application development technology firm Unqork has teamed with Deloitte. It left most lenders with complex operational challenges resulting from legacy technology and manual processes and controls.”.

Lending 160

Lending Meeting Technology Security 160

Abrigo

JULY 2, 2019

If that trend continues, operating costs will begin outpacing revenue for many farms, and demand for ag financing will grow for community financial institutions. Assigning credit risk is tricky with ag lending since both environment and economic factors carry significant weight. Pay strategies. Blanket security agreements.

Lending 150

Lending How To Strategy Trends 150

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. A PPP Catastrophe.

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Lending Fintech Operations Software 164

PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., ’s experience is quickly influencing the way SMB lenders approach open banking in other markets like the U.S.

Lending 233

Lending Data User Experience Fraud 233

PYMNTS

JANUARY 5, 2020

India’s state-owned banks are going through changes that could mean an overhaul in business lending, The Economic Times (ET) reported on Friday (Jan. For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations.

Lending 130

Lending Capital National Taxes 130

Perficient

FEBRUARY 18, 2022

Empathy is something that I think about a lot — especially the role I believe it should play throughout the credit and lending process. Upcoming Webinar: The ROI on Transforming Credit and Lending Customer Outreach. Now, empathy is largely found and a staple in the lending process. Watch the video to hear my thoughts.

Lending 294

Lending Training Operations Video 294

Perficient

FEBRUARY 18, 2022

Empathy is something that I think about a lot — especially the role I believe it should play throughout the credit and lending process. Upcoming Webinar: The ROI on Transforming Credit and Lending Customer Outreach. Now, empathy is largely found and a staple in the lending process. Watch the video to hear my thoughts.

Lending 294

Lending Training Operations Video 294

Abrigo

MAY 15, 2020

Their loan requests, according to court documents, were made to pay employees for a business that was not operating at the time of pandemic and had no salaried employees. This is welcomed news for community financial institutions. Lending & Credit Risk. Member Business Lending. SBA Lending. SBA Lending.

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Lending Rhode Island Fraud Los Angeles 195

PYMNTS

DECEMBER 11, 2020

We did more loans in a two-month period than we did in 10 years of SBA lending combined," he said. "We Historically, traditional business lending is based on historical financial performance," he said. This not only helps FIs with their own lending processes, but can also enable small businesses to begin to look into their own futures.

Lending 233

Lending Capital Resources Taxes 233

PYMNTS

JULY 7, 2020

After industry consolidation and a leveling-out of venture capital interest, alternative SMB lending remains a strong market, though just like traditional banks, it has also faced new lessons as a result of the current market. “It comes in waves, there’s no doubt about it,” he said about the alt-lending boom.

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Lending Industry Fintech UX 171

PYMNTS

SEPTEMBER 3, 2019

The Bank of England released new data late last week warning that business bank lending in the country hit its lowest rate in nearly two years in July. Reports in The Irish News on Saturday (Aug. billion decline in net lending to companies in the month driven by the $2.43 percent growth rate in lending for the month.

Lending 116

Lending Meeting Capital Industry 116

PYMNTS

JANUARY 18, 2019

JPMorgan Chase is planning the consolidation its corporate payment operations by combining small business (SMB) and large enterprise solutions, the Financial Times ( FT ) reported on Thursday (Jan. and internationally,” said Co-President and Chief Operating Officer Daniel Pinto in the memo.

Operations 151

Operations Payments Community Bank Cards 151

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

Lending 151

Lending Groups Online Technology 151

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

DECEMBER 19, 2017

Cryptocurrency holding company Integrated Ventures wants to disrupt the lending industry with blockchain. The company announced news on Monday (Dec. 18) of the launch of CryptoFunder, a blockchain platform that provides lenders with a way to store and manage lending information.

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blockchain cryptocurrency Lending Company 122

PYMNTS

DECEMBER 23, 2019

“Further, all the lenders shall submit declaration to P2P platforms that they have understood all the risks associated with lending transactions and that P2P platform does not assure return of principal/payment of interest,” the RBI said.

Lending 132

Lending Guidelines System ATM 132

PYMNTS

DECEMBER 10, 2018

China Lending Corporation has announced the launch of its new supply chain financing services, which include a business factoring program. The program will provide small to medium-sized enterprises (SMEs) with the funding to finance operations and growth. a recently-incorporated, majority-owned subsidiary of China Lending.

Lending 150

Lending Operations Marketing Industry 150

PYMNTS

FEBRUARY 4, 2020

In today’s top news, U.S. Google’s parent, Alphabet, reported fourth-quarter results with gains in search and YouTube businesses, while cloud outpaced the growth rate of those operations. The investment bank is (maybe) partnering with Amazon to move into SMB lending — leveraging the latter’s scale and reach.

Payments 130

Payments Lending Maine Retail 130

BankInovation

FEBRUARY 23, 2023

Arvest Bank launched an equipment finance lending product on cloud-native core banking platform Thought Machine.

Lending 52

Lending Operations Marketing Google 52

PYMNTS

MAY 31, 2019

But don’t forget to review this past week of busy news, if only to make sure you did not miss anything. Amazon denied a big story about its marketplace suppliers, and new research from PYMNTS examined connected vehicles and other issues. PayPal Hits $10B SMB Lending Milestone. Are you ready for the weekend?

Lending 122

Lending Payments Apple social media 122

PYMNTS

JANUARY 2, 2020

The funding will be used to introduce B-North’s regional “Lending Pods” across Manchester in the second quarter of 2020. B-North’s proposed regional pod model and cloud banking technology will allow it to lend up to 10 times faster than other banks in order to help [small businesses (SMBs)] grow and develop,” according to its website.

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Lending Regional Study Fintech 131

PYMNTS

SEPTEMBER 18, 2019

Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million, according to a report. In South Asia, digital lending is becoming more and more common.

Lending 140

Lending Fintech Capital System 140

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Bectran Augments Cash Application With API. Jack Henry Links FIs to AR Finance Offering.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. Together, we will apply cutting-edge technologies to provide superior lending services for SMEs.” A press release issued on Sunday (Jan.

Lending 131

Lending Analytics Compliance Fintech 131

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144

Lending US Capital Data 144

PYMNTS

NOVEMBER 27, 2020

With an estimated 11,000 independently owned pawnshops operating nationwide, it’s a niche business with a unique view on society and the economy. Lending vs. Selling. And just like other retailers, pawnshops also typically do 30 percent to 40 percent of their business in the finals two months of the year. “We The Lender of Last Resort.

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social media Software ATM Lending 218

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

PYMNTS

OCTOBER 6, 2017

SMBs can make multiple drawdowns, while the credit line gets replenished based on borrower repayments, the news reports explained. SMEs are integral to the fabric of our economy, contributing around 38 percent of our country’s national GDP,” said Tata Capital Chief Operating Officer, Commercial Finance, Sarosh Amaria in a statement.

Capital 139

Capital Lending National Marketing 139

PYMNTS

DECEMBER 30, 2019

30) said a lack of regulation in the online SMB lending arena is raising concerns over sky-high fees and interest rates, sparking a bigger conversation about expanding borrower protections beyond consumers. Top players in the industry, including PayPal and Amazon , have promoted borrower trust in the online lending business model for SMBs.

Lending 131

Lending Online California New York 131

PYMNTS

MARCH 7, 2019

And generally speaking, central banks seek to boost bank lending if they see, or foresee, a bit of clogged system in hand, where capital flows are needed to sustain economic growth, to keep companies healthy, so that they in turn can continue to keep workers on payroll. It’s being titled TLTO III, said the news site.

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Lending Capital System Operations 116

PYMNTS

NOVEMBER 1, 2018

In any new technology arena, companies are born, they rise, they fall, sometimes with breathtaking speed. Online lending had some restrictions in place, where there could no longer be guaranteed returns and lenders could not cover losses via guarantees. Regulations take shape, usually quite a bit more slowly.

Lending 150

Lending Guidelines Fintech Industry 150

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).

Lending 189

Lending Fintech National Taxes 189

PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. How bad was the news?

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Lending San Francisco Comparison Maine 100

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.

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Lending Strategy Capital Groups 118