PYMNTS

JUNE 4, 2019

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Reports said the decision for EY to quit is the latest event to raise concerns over China’s community banking sector. For Bank of Jinzhou, that means $1.2

Regional 100

Regional Community Bank Community Policies 100

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. The regional bank also noted growing interest among smaller FIs to embrace the bank-FinTech collaboration trend.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

SEPTEMBER 25, 2017

Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG analysis. The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks.

Lending 100

Lending Regional Analysis Survey 100

CB Insights

JANUARY 25, 2022

In our State Of Fintech 2021 Report, we dive into global investment trends to spotlight takeaways including: Fintech accounted for $1 in every $5 of global venture funding. The metrics behind $100M+ mega-rounds, how mega-rounds compare against total global fintech funding, and which region had the highest number of mega-rounds.

Fintech 74

Fintech Report Regional Trends 74

CB Insights

OCTOBER 26, 2021

In our State of Fintech Q3’21 Report, we dive into global investment trends to spotlight takeaways including: . Which sector, from payments to digital lending to capital markets tech, saw a blockbuster $2B quarter. Below, check out just a few highlights from our 236-page, data-driven State Of Fintech Q3’21 Report. First name.

Fintech 100

Fintech Report Regional Lending 100

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

American Banker

APRIL 23, 2024

The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.

Connecticut 67

Connecticut Report Regional Industry 67

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Drive faster lending decisions. throughout the loan process. Get started.

Lending 150

Lending Analysis Taxes Data 150

CB Insights

JANUARY 25, 2022

In our State Of Fintech 2021 Report, we dive into global investment trends to spotlight takeaways including: Fintech accounted for $1 in every $5 of global venture funding. The metrics behind $100M+ mega-rounds, how mega-rounds compare against total global fintech funding, and which region had the highest number of mega-rounds.

Fintech 68

Fintech Report Regional Trends 68

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. Specifically for businesses, are commercial loans on the rise? From that subset of all U.S.

Lending 186

Lending South Carolina Miami Community Bank 186

PYMNTS

JULY 28, 2017

the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. According to a news report in Reuters , citing an internal memo, with the restructuring, Wells Fargo will phase out 57 regional offices in the U.S. and get rid of the regional manager positions in the impacted offices.

Lending 100

Lending Arizona Regional Texas 100

CB Insights

JULY 12, 2022

Consumer-facing finance company SoFi has traditionally been known for its lending services. Download the report to learn more.</p> Download the report to learn more. The post Analyzing SoFi’s growth strategy: How the personal finance company is expanding beyond lending appeared first on CB Insights Research.

Lending 84

Lending Strategy Company Regional 84

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. Certainly, one asset class, the regional mall, is quite dead,” Kirby said.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

APRIL 3, 2018

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). The Wall Street Journal reported that the Atlanta-based company, which enables retailers, health-care providers and home contractors to offer loans to their customers, could go public as soon as this summer.

Lending 116

Lending Fintech Atlanta Capital 116

CFPB Monitor

APRIL 29, 2015

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation.

Lending 60

Lending Report Policies Compliance 60

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. Takeaway 3 Reporting on the results of targeted loan reviews will be more detailed than reporting on results related to continuous reviews.

Lending 195

Lending Risk Management Software System 195

PYMNTS

FEBRUARY 8, 2018

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending among large financial institutions (FIs) continued to climb, reaching a 25.3 percent approval rate in January.

Lending 108

Lending Taxes Regional Analysis 108

PYMNTS

DECEMBER 13, 2019

Robocash Group, a peer-to-peer (P2P) lending platform, aims to raise $5 million in the next half-year from investors in Europe who want to invest in Southeast Asia, particularly Singapore, according to reports. With the completed integration, Robo.cash users can invest in the region and its development. billion two years later.

Lending 130

Lending Regional Groups Marketing 130

Abrigo

JUNE 2, 2015

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

Lending 150

Lending San Antonio CA Sacramento 150

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

OCTOBER 23, 2017

Earlier this year, Italy initiated its largest bank bailout in its history when it committed up to $19 billion to save two failing regional banks, Banca Popoalare di Vicenza SpA and Veneto Banca SpA. Now, reports in Bloomberg said Friday (Oct. Reports noted the entity that is acquiring the $21.3

Regional 108

Regional Capital Report Payments 108

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

NOVEMBER 27, 2017

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., The Thanksgiving, Black Friday, Small Business Saturday and Cyber Monday sales officially kickoff the holiday spending bonanza, and this year did not disappoint. Here are the numbers: $7.9

Lending 100

Lending social media Data Cards 100

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

SEPTEMBER 13, 2017

In Europe, for instance, the region is preparing for the rollout of a new directive which could challenge how medical providers process invoices. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending. APIs invite innovative changes to banking.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s talk that alternative finance is dead. Well, in the U.S.,

Lending 100

Lending US Capital Report 100

PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

PYMNTS

AUGUST 1, 2018

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. Small businesses are essential job generators, and the major driver of economic growth and vibrancy for all regions of the country.”. In addition, U.S.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

FEBRUARY 18, 2020

Software development company Credify, based in Singapore, has raised $1 million in a seed funding round from SoftBank-backed artificial intelligence (AI) incubator Deepcore, as well as Beenext, according to a report. The region also experiences some of the highest fraud rates, in both finance and eCommerce. An average of 1.6

Regional 171

Regional Lending Fraud Maine 171

PYMNTS

APRIL 28, 2016

Marketplace lending has grown in popularity and so has the CFPB’s own knowledge of a variety of lenders in the market,” said Lucy Morris, a partner at Hudson Cook and the CFPB’s former deputy enforcement director. Many are also bound to reporting requirements with the SEC. The CFPB has been pursuing this quietly for some time.

Lending 100

Lending Chicago Regulation Regional 100

PYMNTS

AUGUST 12, 2016

That’s the opinion of the Competition and Markets Authority (CMA), which earlier this week said technology would be one of the underpinnings of getting lending to increase to SMEs, a group that would naturally benefit from improved access to capital. banking system needs a bit of jostling. In the U.K., In the U.K.,

Lending 100

Lending Comparison Industry Innovation 100

PYMNTS

APRIL 26, 2020

banks,” an adviser with direct involvement in bank negotiations with German corporates told FT in a Friday (April 24) report. “…there is a clear pattern.”. This heavily influences risk management and regional exposure, which comes at the expense of clients abroad.”. European regulators have noticed the trend of retreating U.S.

US 143

US Regional America Lending 143

PYMNTS

MAY 17, 2018

Regional lender in Japan, Suruga Bank , apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country, reports in Bloomberg said.

Compliance 108

Compliance Lending National Fraud 108

PYMNTS

MAY 10, 2016

But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. In Germany that number was ever lower, with 16 percent reporting yes and 84 percent reporting no. But perhaps one of the most surprising findings was the usage of P2P payments and P2P lending.

Regional 100

Regional Payments Study Cards 100

Abrigo

JULY 14, 2023

Creating data analytics and reports alone are not the strategies; rather, they are the critical inputs to assist decision-makers in developing and executing those strategies. Staff producing the reports must communicate with management and inquire what management wants to glean or achieve from the data insights. Industry borrower data.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

DECEMBER 8, 2019

B-North wants to disrupt the £154 billion UK business lending market. The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralized processing centers. percent in equity at a £14,247,942 ($18.7

Lending 131

Lending Regional Policies Operations 131