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 Outdated Lending Practices Fail To Meet SMBs’ Current Needs .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

APRIL 24, 2018

Marketplace lending platforms – Lending Club, OnDeck, Prosper and the like – have inarguably and fundamentally altered the geography of the lending landscape. The lending model has fundamentally changed,” Vallée told Harvard Business School Weekly. Now decisions are increasingly based on hard information.

Lending 124

Lending Study Capital Data 124

PYMNTS

NOVEMBER 1, 2019

Access to digital and instant disbursements would also significantly relieve consumers’ financial stress, the study found. Instant Loans And The Speed And Security Balancing Act. To learn more about how Upstart is approaching instant disbursements as competition in online lending increases, visit the Tracker’s Feature Story.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. It should be noted that almost all mortgage security finance (i.e.,

Lending 148

Lending Innovation Fintech Cards 148

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. But that might not be the best move for your financial institution or your community.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The proposed rule changes come in the wake of a 2016 study of regulations that govern the sector, which dates back to 2014.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

APRIL 13, 2020

Fraudsters have studied up on the process, Xie noted; they know when SMBs are expecting contact about their loans and even the times of day they are expecting to receive them. DataVisor is a security firm that has been working hard to outwit fraudsters for over a decade. The process is slow, and denials are common.

Security 168

Security Fraud System Course 168

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. The crisis has also increased consumers’ demand for loans in several categories. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. By Mary Thorson Wright. Transactions not covered by Regulation Z are excluded from coverage under the rule.

Lending 70

Lending Compliance Regulation Virginia 70

Gonzobanker

DECEMBER 8, 2021

Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. Digital Security. Chime, Square, and Rocket’s methods are case studies in how to grow a business (fintech or otherwise) now. Fintech investing has gained near sport status. Bank CEOs are looking at fintech investment rounds.

Fintech 210

Fintech Los Angeles Lending Analytics 210

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following provisions of particular interest to members of the consumer financial services industry: Credit Reporting. Higher Education and Student Lending. However, private for-profit institutions must still pay their share of work-study wages.

Report 135

Report Study Lending National 135

Jack Henry

NOVEMBER 26, 2021

Banking and securities lead all industry sectors in terms of average IT spending as a percentage of revenue, at nearly 8%, according to a 2018 Deloitte study. Global IT spending in the banking sector during 2021 is estimated to be nearly $300B.

Financial Technology 148

Financial Technology Technology Study Security 148

PYMNTS

AUGUST 12, 2016

Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

Lending 100

Lending Apple Cards Study 100

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. The CFPB’s Latest Round Of Payday Lending Complaints. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

DECEMBER 4, 2020

As profiled in this space in recent weeks , several small and medium-sized business (SMB) BaaS companies secured new funding, where Brazil’s BizCapita, which offers banks and other financial institutions (FIs) a range of solutions they can provide to their own SMB customers, said it raised $3 million in funding.

Lending 224

Lending Meeting User Experience Innovation 224

PYMNTS

MARCH 27, 2019

It’s what makes sellers feel comfortable with lending their personal properties to buyers whom they have never met. The Outdoorsy platform enables America’s approximate 18 million RV owners to lend their vehicles during the 97 percent of the time that they sit unused on the front lawn. Trust keeps the sharing economy afloat.

Payments 145

Payments Case Study Lending Study 145

PYMNTS

JULY 31, 2019

A study conducted last year found that 71 percent of U.S. Thankfully, significant shares of CUs are taking these security threats seriously. percent cited data security and 60.8 Many credit unions are turning to advanced learning technologies like AI to address this broad range of security concerns.

Fraud 122

Fraud Security Lending Data 122

Bank Innovation

APRIL 27, 2018

Singapore, according to a Deloitte study, ranks first along with London, among 44 hubs across the globe. […]. Today the Intellectual Property Office of Singapore (IPOS) said it would speed up the patent granting process for fintechs in the country.

Fintech 337

Fintech Study Operations Online 337

PYMNTS

NOVEMBER 13, 2018

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. The good news: The study also showed that the most innovative businesses are set to adopt real-time payments.

Payments 192

Payments Survey Innovation Guidelines 192

PYMNTS

JANUARY 25, 2021

A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications. Despite the security investments needed to adequately safeguard new digital solutions, banks’ di gital-first innovations are fostering trust and satisfaction among customers.

Fraud 235

Fraud Digital Banking Missouri Trends 235

Bank Innovation

MARCH 9, 2018

EXCLUSIVE—The growth of synthetic fraud, or the method by which fraudsters use a combination of real and false details to open malicious accounts, is slowing as lenders, issuers, and consumers all grow more attentive to cybersecurity methods, a study conducted by credit bureau TransUnion found.

Fraud 199

Fraud Study Online Cards 199

PYMNTS

JANUARY 23, 2020

Study: Tech Unicorns Overvalued By Nearly 50 Percent. Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud. Amid FICO Changes, Does Lending Slowdown Loom? In 2020, while new IPO listings will be pursued and investors will clamor for shares in previously private companies, the age of the unicorn may be far from over.

Fraud 131

Fraud Community Bank Analytics Study 131

Abrigo

MARCH 21, 2023

The blue line shows the effective funds rate, or the average rate at which institutions are actually lending and borrowing funds from one another. As mentioned earlier, the best strategy to prepare for an oncoming rising rate environment is to secure and lock in funding before there is “blood in the water.” billion – a 39.7%

Risk Management 195

Risk Management Management Strategy Lending 195

PYMNTS

MARCH 1, 2018

The study also found that 67 percent of mid-sized financial institutions (FIs) are allocating less than one-quarter of their budgets toward the same goals. 56 percent | Percentage of ground transportation expenses Uber secured for travel and expense company Certify’s customers in 2017, up 52 percent in 2016. workforce by 2020.

Innovation 100

Innovation Data Taxes Lending 100

BankUnderground

APRIL 28, 2023

In this post, I investigate this hypothesis and study the implications of stricter cycle-sensitive capital requirements under Basel III for these cyclical patterns. Second, expanding the analysis beyond 2009 provides evidence on whether Basel III addressed the pro-cyclicality of bank capital and lending. Debt securities 8762 1790.39

Capital 84

Capital Lending US Data 84

PYMNTS

APRIL 30, 2020

This exposes these SMBs to all types of risks, from security to cash flow management, and is the direct result of banks and credit unions (CUs) being unwilling or unable to provide financial services to these companies. “This is a banking problem.” “These institutions are few and far between.”

Compliance 196

Compliance Industry Security Marketing 196

PYMNTS

FEBRUARY 27, 2020

As William Carter, deputy director and fellow for the technology policy program at the Center for Strategic and International Studies, recently told PYMNTS , “China is viewed externally as a country where privacy is not expected and not thought about, but I do not think that accurately reflects how it is viewed within China.”

Fintech 192

Fintech Fraud Data Lending 192

PYMNTS

APRIL 21, 2016

The alternative finance industry boomed post-2008 financial crisis as banks retreated from small business lending. Marketplace lenders emerged to fill the gap, and analysts began to ponder a paradigm shift: Could alternative lending threaten traditional financial institutions’ place in the world? Alt-Lenders On The Defense.

Lending 100

Lending Industry Regulation Groups 100

PYMNTS

MAY 2, 2016

New data uncovers just how much money is lost due to these attacks, as well as how much money corporations plan to spend both on cloud security and Internet of Things security as the threat of cyberattacks continues to rise. Then, there is the risk of corporate lending. Banks, it turns out, are willing to take on that risk.

Lending 100

Lending Security Fraud Regional 100

CFPB Monitor

APRIL 1, 2015

Further, “consumers may lose control over their financial choices” if the lender is able to access the consumer’s bank account or take a security interest in the consumer’s vehicle. In fact, the unsupported CFPB belief that Covered Loans are bad for consumers conflicts with a number of recent empirical studies. (See

Lending 60

Lending Analysis Study Policies 60

PYMNTS

APRIL 28, 2017

For instance, the above statistic on the rise in ransomware lends further credence to Symantec’s recent findings. More surprising, perhaps, are the insights that 68 percent of security threats in the healthcare industry are internal. Retail and accommodation combined to account for 15 percent of breaches.

Data 115

Data Industry Security Study 115

Abrigo

MAY 31, 2017

The implementation of lending software, like that provided by Sageworks to community banks and credit unions, requires a similar, systematic approach for onboarding. Subsequent to the scoping call, Sageworks offers clients a customized and automated data transfer that securely connects their core system to their Sageworks account.

Software 150

Software Analytics Training Case Study 150

Abrigo

OCTOBER 17, 2019

Indeed, a 2008 analysis of multiple studies found that 88 percent of spreadsheet documents audited in those contained errors. Every study that has attempted to measure errors, without exception, has found them at rates that would be unacceptable in any organization.” Credit Risk. Portfolio Risk & CECL. Learn More.

San Antonio 150

San Antonio Analysis Study Compliance 150

PYMNTS

MAY 10, 2016

The study looked at 500 consumers (18+) in each country who had at least a credit or debit card. The study examined their behaviors, attitudes and perception about the emerging payments environment and how receptive they might be to new payments methods. Consumers need reassurance that mobile is secure. ” The Highlights.

Regional 100

Regional Payments Study Cards 100

CB Insights

FEBRUARY 1, 2018

According to a Federal Reserve study, 70% of businesses younger than five years need funding to grow, but only 23% of them are actually able to secure funds. The success of Amazon , Square , PayPal , Intuit Quickbooks, and Shopify then is very much tied in with the success of their small business clients. Want the full expert post?

Lending 33

Lending Data Study Security 33

PYMNTS

MARCH 2, 2018

The rise of alternative lending and familiarity of growing names like OnDeck is beginning to shift public perception of the merchant cash advance, however. “The lending world has evolved,” Mallinger explained, adding that today, MCAs don’t necessarily mean sky-high interest rates and fees. .

Capital 119

Capital Lending Louisiana Data 119

CFPB Monitor

JUNE 25, 2020

Department of Homeland Security (DHS) was arbitrary and capricious and hence in violation of the Administrative Procedure Act (APA). Several clients have asked whether the decision bodes ill for the CFPB’s anticipated rescission of the mandatory underwriting (that is, ability to repay) provisions of its payday lending rule.

Policies 78

Policies Lending United States Conference 78