PYMNTS

AUGUST 10, 2020

Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds. Instant payments are one of these solutions, allowing companies to digitally transfer funds 24/7 year-round.

Report 228

Report Payments Millennials Cards 228

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? In a recent American Banker. Source: DeBanked ). Technology Utilization.

Lending 136

Lending Community Bank Community Data 136

Jeff For Banks

APRIL 30, 2022

Since I rely heavily on data, I poured through my firm's product profitability reports that aggregates the answers from all of our clients. The much sought after "operating account." The charts below show the pre-tax profits as a percent of the total product portfolio during different rate scenarios compared to the Fed Funds Rate.

Lending 78

Lending Massachusetts Taxes Community Bank 78

PYMNTS

AUGUST 21, 2020

Plus, Amazon has put some hiring on hold for its Alexa operation. Report: $50B in Cryptocurrency Moved Out of China. Report: Amazon Slows Alexa Staff Hiring to Improve Margin. Amazon has put some hiring on hold in its Alexa operation amid the pandemic. Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

FEBRUARY 26, 2020

After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50 million from the RBS bailout fund, according to a report. The bank had to reconfigure its strategy after fourth-quarter results showed a pre-tax loss of £130.8

Metro 154

Metro Lending Strategy Taxes 154

Abrigo

OCTOBER 15, 2020

The SBA’s Lender Application Form requires lenders to certify that they have “complied with the applicable lender obligations,” including confirming receipt of the borrower’s certifications, receipt of information regarding employee pay and taxes, and the average monthly payroll costs. Lending & Credit Risk. SBA Lending.

Fraud 150

Fraud Lending Los Angeles Taxes 150

Abrigo

FEBRUARY 10, 2021

You might also like this webinar, How the 2021 Roadmap for Producers will Influence Ag Lending. By construction, significant sums of rent (per acre, megawatt, royalty, or per wind tower) will begin to develop and continue through operations and energy generation. Stay up-to-date on the latest on ag lending trends. Watch Webinar.

Lending 195

Lending West Virginia Resources Operations 195

PYMNTS

APRIL 16, 2018

tax reform, and strong economic growth around the globe is also benefitting these players. This week’s B2B Data Digest examines the numbers released by the institutions for Q1 2018, highlighting the role corporate and wholesale banking operations did (or did not do) to support an overall impressive quarter. JPMorgan Chase. per share.

Taxes 100

Taxes Lending Operations Data 100

PYMNTS

AUGUST 16, 2019

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Kobo360 operates a freight technology platform, connecting truckers with businesses that need shipping services across the region. Below, PYMNTS breaks down the latest in B2B FinTech funding.

Fintech 179

Fintech Analytics Capital Lending 179

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

Abrigo

MARCH 13, 2024

Protecting portfolio health Recognize ailing CRE loans early Media organizations are reporting scary-sounding data, and the headlines scream about the most recent victims. A wave of pending maturity events ($2 trillion of CRE loans are reported to mature in the next years). Inflationary impacts on costs of various inputs.

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 billion yuan in pre-tax profit in the fiscal year ending in March, Bloomberg reported. It posted 9.18

Taxes 134

Taxes Lending Operations Marketing 134

PYMNTS

MAY 17, 2017

Beyond the changes in the economy at large, or the revenues or operating expenses generated in tax returns, or discrete data points that form the basis of a conversation between applicant and financial institution, tracking the risk status can be a challenge.

Lending 101

Lending Data Taxes Tools 101

PYMNTS

SEPTEMBER 27, 2019

BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations. Operating out of New Zealand, Hnry offers gig economy workers tax administration technology that has just caught the attention of investors to the tune of $1.35

Payments 149

Payments Capital Taxes Lending 149

Jeff For Banks

APRIL 12, 2018

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” So why would banks expand small-ticket, unsecured personal lending? Profitable moxy, though.

Lending 60

Lending Resources Community Metro 60

PYMNTS

NOVEMBER 13, 2020

The company announced its launch this week and revealed the new funding from Crane Venture Partners, with Seedcamp, Techstars and angel investors also participating, according to EU-Startups reports. The company secured the funding from an unnamed angel investor, reports said. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

PYMNTS

MAY 3, 2019

Reports in The Wall Street Journal said CFOs are changing the way they benchmark company performance, with potential implications for investors that continue to rely on traditional metrics to assess the state of a company. Individual Shareholders Society Director Mark Bentley in an interview with the publication.

Taxes 123

Taxes Lending Report Operations 123

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

PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

Financial Technology 127

Financial Technology Technology social media Taxes 127

PYMNTS

OCTOBER 9, 2019

Because threat actors often get recipients’ emails from password breach lists, they sometimes include passwords to lend authenticity,” Hunter Johnson, Cofense Professional Services at Cofense, wrote in a blog post. Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

DECEMBER 2, 2016

Indeed, the last two weeks were dominated by small, early-stage investments staggered across a variety of industries, from T&E to alternative lending to B2B eCommerce. led a $10 million funding round for B2B digital marketplace Udaan, reports said last week. million seed round for the company, according to reports.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

JANUARY 29, 2020

Last month, reports in The Wall Street Journal , citing Federal Reserve data, found that nearly one-third of U.S. As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. ” Knowing Their Options.

Lending 136

Lending New York Online New Jersey 136

PYMNTS

APRIL 19, 2016

Reports by Financial Times on Monday (April 18) said HSBC has allocated £10 billion (about $14 billion) for small business loans. in its history, according to reports, surpassing even the $11.4 if it is to leave the European Union, reports said. The initiative marks the FI’s largest funding package for SMEs in the U.K.

Lending 100

Lending Taxes Analysis Operations 100

PYMNTS

MARCH 8, 2019

As reported , they had a 42 percent share of loan volume by December of last year, where that share was 40 percent for Generation X and 17 percent for boomers. PayPal Lending: Takes off in the U.K. , Big Tech Taxes: It’s getting more expensive to be a tech juggernaut, at least in France, where a 3 percent digital tax has been levied.

Millennials 109

Millennials Taxes Lending Regional 109

PYMNTS

MARCH 2, 2020

According to reports from The East African , regulators have found that Carrefour imposes unfair contracts on vendors, which forces suppliers to pay fees to have their products stocked in stores. . accounts receivable and POS solution provider takepayments, according to reports in Thiis last week. operations.

Payments 143

Payments Report Training Regulation 143

PYMNTS

MAY 28, 2020

In one illustrative example, there may be covenants stating that the debt to EBITDA (or earnings before interest, taxes, depreciation and amortization, a rough measure of cash flow) may not exceed 3:1. Other debt covenants can stipulate that borrowers not take on additional debt or that they sell key operating assets.

Taxes 141

Taxes United States Strategy Groups 141

PYMNTS

APRIL 30, 2018

Fifty-four percent of small business owners say they are optimistic about the national economy , found Bank of America’s 2018 Business Advantage Small Business Owner Report. The FI said this statistic is two percentage points higher than last year’s report, and a whopping 25 percentage points up from 2016 levels.

Taxes 144

Taxes America National Community 144

PYMNTS

DECEMBER 4, 2018

3), the services offered from the TD Wealth Management for Healthcare Practitioners group include access to senior private bankers, investment managers, financial planners and lending specialists with expertise in the healthcare industry. Announced in a press release on Monday (Dec.

Industry 128

Industry Management Taxes Lending 128

PYMNTS

SEPTEMBER 7, 2018

A $16 million fundraise for South Africa’s Yoco will help the company focus on product and platform development, expanding distribution channels and adding new staff, reports said this week. In one of the largest investment rounds of the week, Colombia’s Portal Finance announced $200 million for its lending solution for banks.

Fintech 109

Fintech Capital Lending Software 109

PYMNTS

JULY 31, 2017

According to reports, the data was accidently given to the attorney as part of an ongoing lawsuit. Wells Fargo takes the security and privacy of our customers’ information very seriously,” the banking firm said in a statement according to the report. “We Codel, head of consumer lending at Wells Fargo, said in an interview.

Taxes 100

Taxes Data Security Report 100

BankUnderground

APRIL 28, 2023

Second, expanding the analysis beyond 2009 provides evidence on whether Basel III addressed the pro-cyclicality of bank capital and lending. Pre-tax profits 8305 29.76 Operating expenses 8301 1.17 Pre-tax profits 8305 29.76 Operating expenses 8301 1.17 Table A: Summary statistics 1: UK data (£ millions) Obs.

Capital 78

Capital Lending US Data 78

PYMNTS

FEBRUARY 14, 2018

After a series of earning performances that left investors disappointed, OnDeck reported a profitable Q4. Breslow also touted the firm’s nearly $100 million in new funding capacity and a decrease in quarterly operating expenses of $15 million year-over-year. “We By the Numbers. percent of term loan originations.

Taxes 101

Taxes Lending Risk Management Report 101

PYMNTS

NOVEMBER 20, 2018

is launching its Payments API to allow small businesses to initiate payments for payroll, lending, accounting and other digital platforms all at once. ’s Open Banking deadline, which is this March, and will allow small business owners to streamline their payment processing operations and integrations with various suppliers.

Payments 108

Payments Taxes Data Lending 108

PYMNTS

JULY 16, 2019

JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Absent a boot from tax benefits that lifted earnings by 23 cents, adjusted earnings were $2.59, better than the $2.50

Mobile 108

Mobile Cards Community Bank Conference 108

PYMNTS

MARCH 2, 2018

A report released this week found startups across the U.S., Alternative Lending. alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds. million in funding, reports in TechCrunch said.

Fintech 118

Fintech Capital blockchain Lending 118

PYMNTS

MAY 18, 2018

million in the largest investment round ever for a FinTech that operates exclusively in the continent. India’s small business bank alternative, Open, announced pre-Series A funding from Unicorn India Ventures and Recruit via its RSP India fund, reports in Inc42 said. Small Business Banking. Blockchain. Cambridge Blockchain.

Fintech 134

Fintech blockchain Analytics Capital 134

Abrigo

NOVEMBER 13, 2023

Perform documentation in a centralized operations function so controls are in place to generate exceptions. Make sure to look at lien perfection, tax payments, and insurance. You don’t want to be in that situation.” Profitability analysis. A guidance line allows you to approve certain facilities ahead of time.

Analysis 195

Analysis Lending System Survey 195