PYMNTS

SEPTEMBER 23, 2020

Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release. The company allows shoppers to make interest-free payments in four equal amounts over six weeks.

Lending 198

Lending Minneapolis Strategy Innovation 198

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.

Lending 116

Lending Industry Payments Cards 116

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.

Lending 102

Lending Payments Security Fintech 102

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.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

JANUARY 7, 2020

and beyond, with small business lending a particular focal point of these partnerships. Other initiatives include a focus on payments security, as well as connecting bank data to small business accounting portal QuickBooks. Banks Embrace FinTech For Business Lending. QIIB Eyes FinTech For Payments Security.

Lending 141

Lending Fintech Fraud Data 141

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

Lending 190

Lending Capital Fintech Security 190

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

Lending 195

Lending FDIC Capital Risk Management 195

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.

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

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. Also, the service meets Coronavirus Aid, Relief, and Economic Security (CARES) Act requirements per the announcement.

Lending 160

Lending Meeting Technology Security 160

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. and India, alternative small business lending technology company CreditEnable has revealed a $2 million seed round, according to Inc42 reports. CreditEnable. TripActions.

Security 204

Security Fintech Capital Management 204

PYMNTS

MARCH 7, 2019

Many countries within the EU are working fast to implement these regulations into their payment and banking ecosystems. However, as stated, many still have qualms regarding Open Banking and data transparency when it comes to security and privacy, concerns that are still being debated in the Bulgarian government as GDPR progresses.

Lending 198

Lending Regulation Regional Data 198

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

Lending 130

Lending America Capital Regional 130

PYMNTS

NOVEMBER 24, 2020

South African digital identity firm Entersekt is partnering with African FinTech Cellulant to bring enhanced cybersecurity to mobile banking and digital payments. . 24) that the collaboration with Cellulant will help “drive consumer confidence in digital banking and boost the adoption of digital payments on the continent.”.

Digital Banking 145

Digital Banking Security User Experience Fraud 145

PYMNTS

DECEMBER 20, 2020

The details were finalized after a disagreement was settled surrounding the Federal Reserve 's emergency lending powers earlier in the weekend, WSJ reported. The deal was reached Sunday (Dec. 20) after months of false starts and negotiations between Democrats and Republicans in Congress and the White House. 21) votes, according to WSJ.

Lending 319

Lending US Course Report 319

Abrigo

APRIL 14, 2020

Key Takeaways The Federal Reserve recently unveiled a new loan-purchase program, the Main Street Lending Program (MSLP) Unlike the PPP, loans provided under the MSLP are not eligible for loan forgiveness Community financial institutions play an important role in the MSLP. Eligible lenders for the MSLP include U.S. learn more. MSLP Loan Terms.

Maine 195

Maine Lending Community Study 195

Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. If a business secured a PPP loan, it is still eligible to apply for an MSLP loan; however, MSLP loans are not forgivable. While this is a promising sign, 13.3%

Maine 195

Maine Lending Regulation Resources 195

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

NOVEMBER 3, 2019

Australia is making small business lending easier by waiving responsible lending standards for small firms. Treasurer Josh Frydenberg announced last week that he would instruct the Australian Securities and Investments Commission (ASIC) to order banks to waive the standards for SMBs.

Lending 101

Lending Security Community Regulation 101

PYMNTS

JANUARY 12, 2021

The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. Payors surveyed stated that they made only 45 percent of all their disbursements via non-instant payment methods, in fact.

Millennials 239

Millennials Payments Lending Study 239

Abrigo

APRIL 21, 2020

The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans. Other staff are helping clients with additional needs during the crisis, including deferring loan payments, waiving fees, and hosting virtual financial wellness workshops. learn more.

Security 195

Security Lending Community Oakland 195

PYMNTS

FEBRUARY 28, 2020

There is no shortage of pressure points where consumers are pushing for progress – faster payments , mobile wallets, unattended retail , 5G … take your pick. But for all the pressure to push forward, there are plenty of stumbling blocks and stutter steps when it comes to providing for security, the availability of tech or access to capital.

Security 130

Security Retail Mobile Lending 130

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

OCTOBER 30, 2020

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP) to make it more obtainable for smaller businesses, according to a Fed statement on Friday (Oct. Interest payments were waived for the first year and principal payments for the first two years.

Maine 133

Maine Lending Security Payments 133

PYMNTS

APRIL 17, 2020

With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. In addition to expanding its marketplace, the startup said it plans to expand its ability to streamline the corporate lending process for both banks and non-bank lenders.

Fintech 193

Fintech Payments Capital Lending 193

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Swedish Startup Lendify Closes $115M Funding Deal.

Security 134

Security Groups Payments Regulation 134

PYMNTS

MAY 8, 2020

But the biggest round of the week went to a challenger bank, which also secured unicorn status with its latest funding. The company said it plans to further build out its payments offering and continue to target SMBs, corporates and FIs as it expands throughout Europe, India, the U.K. Hub Security. and the U.S. and the U.S.

Security 160

Security Fintech Capital Software 160

PYMNTS

JUNE 15, 2020

GTreasury , a treasury management system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. Joining forces with Goldman Sachs makes it simpler, more transparent, and more economic for customers to make payments.”.

Payments 248

Payments Lending Software Branding 248

PYMNTS

OCTOBER 4, 2019

The PYMNTS September Credit Union Tracker pointed to the growing pressure for credit unions to respond to their members’ rising demands for mobile-friendly platforms, faster payment services and other modern financial products. “Even payment companies now are becoming lenders,” he said. The Open Banking Trajectory.

Lending 152

Lending Community Bank US Community 152

PYMNTS

JULY 7, 2020

The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions (FIs) began pulling back and FinTechs and digital players stepped up in the space. Outdated Lending Practices Fail To Meet SMBs’ Current Needs .

Lending 138

Lending Study Industry Tools 138

PYMNTS

NOVEMBER 13, 2018

A group of payment players announced Tuesday (Nov. Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability. 13) that they created a new organization, dubbed U.S.

Payments 192

Payments Survey Innovation Guidelines 192

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.

Lending 146

Lending Apple Study Online 146

PYMNTS

OCTOBER 25, 2020

FinTech StreetShares , which works to aid financial institutions (FIs) in providing loans for small- to medium-sized businesses (SMBs), has secured $10 million in a funding round, according to a press release. StreetShares launched in 2019. Since January, the company has grown to 53 FI clients, nearly double what it had before.

Lending 160

Lending Community Bank Community Fintech 160

PYMNTS

NOVEMBER 19, 2020

Modulr , a Payments-as-a-Service application programming interface (API) platform, has received an investment of 9 million pounds ($11.9 Modulr helps digital businesses in fields like lending, banking, travel, FinTech, employment services and accounting to build new payment products for customers, the release stated.

Payments 168

Payments Resources Security Lending 168

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.

Lending 118

Lending Strategy Capital Groups 118

PYMNTS

FEBRUARY 19, 2020

In the roughly six decades the card networks have been powering payments at the physical and digital points of sale, it’s hard to imagine that their ubiquity wasn’t always a given. version of card-based payments at the physical point of sale was far more fragmented and much more merchant-centric.

Lending 188

Lending Cards Payments Millennials 188

PYMNTS

JANUARY 30, 2019

Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In a press release issued on Tuesday (Jan.

Analytics 144

Analytics Lending Tools Community Bank 144