Independent Banker

APRIL 30, 2022

Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. anticipates a low double-digit increase in its commercial lending in 2022. Quick Stat.

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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 International Finance Corporation forecasts that $5.2

Lending 197

Lending Groups Capital Security 197

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

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

BankInovation

APRIL 22, 2022

QuadFi, founded in 2015, uses artificial intelligence (AI), machine learning, and data analytics to provide lending solutions to customers with thin or non-existent credit. Canadian digital lender QuadFi has raised $100 million in debt financing, the fintech announced Wednesday.

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PYMNTS

AUGUST 11, 2020

Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. One business owners said he felt as if he were dealing with an entity almost like “a gangster operation.”.

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Lending Regulation Philadelphia New York 237

Bank Innovation

JULY 5, 2018

Laurel Road, a bank that is selling fintech products and services, has scored a sales win, securing Country Bank as a client. have recently added digital mortgage lending, and that same […]. Laurel Bank Road is hitting on a trend: more small banks are considering digital methods for loan underwriting.

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Lending America Trends Fintech 199

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. "We The FinTech Sezzle has struck up a partnership with Ally Lendin g, a digital financial services company.

Lending 198

Lending Minneapolis Strategy Innovation 198

The Paypers

MARCH 30, 2023

US-based bank Citi has launched the Citi Securities Lending Access platform in a bid to bring new lending opportunities to the Nordic country.

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Lending Security US 36

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.

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Lending Meeting Technology Security 160

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.

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Lending Analytics Data Security 129

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

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. Lending & Credit Risk. bank holding companies, and U.S.

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Maine Lending Community Study 195

PYMNTS

MARCH 7, 2019

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. For more on the security and privacy issues surrounding these regulations, visit the Tracker’s News & Trends section.

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Lending Regulation Regional Data 198

BankInovation

NOVEMBER 6, 2023

While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has yet to implement measures laid out in its own information security audits dating back to 2014. At a consumer rights conference Oct.

Security 60

Security Conference Lending Regulation 60

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

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. CRE Lending. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. The post 2020 CRE Outlook: Trends Expected to Shape Commercial Real Estate Lending appeared first on Abrigo.

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Lending Trends FDIC Survey 195

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.

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Security Fintech Capital Management 204

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

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.

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Lending Analytics Compliance Fintech 131

Abrigo

MAY 15, 2020

As the initial rush to secure PPP loans dies down, financial institutions now face a new set of questions: How do financial institutions handle misused, unforgiven loans and fraudulent loans? Stay up-to-date on the latest updates to PPP loans and guidance by visiting Abrigo's PPP Lending Resource page. Lending & Credit Risk.

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Lending Rhode Island Fraud Los Angeles 195

Bank Innovation

APRIL 18, 2018

Mobile lending app Tala today secured $65 million in its latest round of funding. marked for its expansion to India. With over 1.3 billion people, rapidly advancing technology, and government backed initiatives to digitize financial services, India is becoming an important market for fintechs.

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Lending Fintech Mobile Security 170

Bank Innovation

MARCH 1, 2018

million) securities lending transaction using blockchain-based software created by blockchain consortium R3. Credit Suisse Group and Dutch bank ING Groep NV today announced they successfully completed a €25 million ($30.48

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blockchain NV Security Resources 236

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. Lending & Credit Risk. SBA Lending. CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans. SBA Lending.

Security 195

Security Lending Community Oakland 195

Abrigo

JULY 2, 2019

Assigning credit risk is tricky with ag lending since both environment and economic factors carry significant weight. The good news, however, is that there are strategies that small ag financial institutions can employ to mitigate the risks associated with ag lending. Blanket security agreements. Pay strategies. Current ratio.

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Lending How To Strategy Trends 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). ”

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Lending Fintech National Taxes 189

PYMNTS

JULY 29, 2020

subsidiary of Japan’s Monex , is launching its own crypto lending service called Crypto Earn, according to Cointelgraph. Crypto Earn, the company said, will be C2B2B, meaning it will allow for lending to institutions from borrowed assets from clients. Meanwhile, TradeStation , the U.S.

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cryptocurrency Bitcoin Lending Data 165

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. This reduces bottlenecks and is easier for borrowers and lenders. throughout the loan process. Get started.

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BankInovation

MAY 19, 2021

With the recent rollout of its FactorSoft Web Portal in mid-April, Jack Henry Lending, the lending division of core technology provider Jack Henry & Associates, is looking to gain traction in a sector of secured finance where customers can be resistant to new technology.

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Lending Security Technology National 98

Bank Innovation

DECEMBER 13, 2017

EXCLUSIVE – Nearly a third of Americans have low FICO scores, and this can mean difficulties in securing loans to pay for higher education. Student lending company Climb Credit is taking on this challenge by offering loans that do […].

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Lending Security Company Capital 150

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.

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Lending Community Bank Community Fintech 160

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

PYMNTS

MARCH 21, 2019

Direct Lending Investments ’ founder and CEO Brendan Ross has resigned while his company is the focus of an investigation by the Securities and Exchange Commission (SEC). As a result, Direct Lending suspended withdrawals at that time. It filed for bankruptcy March 11, still owing Direct Lending $191.3

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Lending Capital Company Report 134

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

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Lending Community Bank Community North Dakota 91

PYMNTS

APRIL 3, 2020

The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as the world’s second-largest economy is set for the slowest growth since the 1970s. This has been the PBOC’s way to fix the lack of credit as businesses struggle to stay afloat during the COVID-19 crisis.

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Lending National Report Groups 136

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

Bobsguide

DECEMBER 10, 2018

Moving from regular trading to securities lending is like “buying a suit on Bond Street and then heading to Camden Market to get your socks,” says Boaz Yaari, CEO of Sharegain. “Securities is the last bastion of oldtech in capital markets,” says Yaari.

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Lending Security Capital Marketing 68