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. actually surpassing analysts’ expectations.

Lending 108

Lending Taxes Regional Analysis 108

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. In a recent American Banker. Source: DeBanked ).

Lending 136

Lending Community Bank Community Data 136

MyBankTracker

MARCH 24, 2021

The 2021 tax season is likely to stand out from previous years as many Americans might need their tax refunds more than ever. According to a recent MyBankTracker survey, Americans are most likely to put this year’s tax refunds into savings, which may not come as a surprise. percent) of a tax refund for the 2021 tax season.

Taxes 52

Taxes Survey Study United States 52

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

System 195

System Lending Analysis Software 195

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

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). and property tax payments. The following is an example of how I would address the structural exception of non-recourse lending. These circumstances are recognized and are not considered exceptions.

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

APRIL 27, 2020

The key groups who will receive these payments include people who aren’t required to file tax returns, such as those who receive Social Security, Supplemental Security Income (SSI) and veterans’ affairs benefits. In addition, tax filers who have recently provided bank information to the IRS will get the payments.

Taxes 257

Taxes Security Payments Tools 257

PYMNTS

JANUARY 18, 2021

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. Yet the new bill fails to address the gaps that allowed for fraudulent activity among some businesses that had secured PPP loans in the first round of stimulus, the publication alleges.

Community 219

Community Fraud Taxes Massachusetts 219

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

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 195

Fintech Lending Software Compliance 195

Abrigo

FEBRUARY 23, 2023

At the same time, asset-based liquidity options at some community banks have been constrained by large unrealized losses in available-for-sale securities. The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

MARCH 9, 2020

To provide a digital lending offering for small business clients, Metro Bank has collaborated with banking software provider ezbob. By teaming up with ezbob, we’ll be able to help our customers secure the finance they need in a matter of minutes, giving them the edge in today’s competitive market.”.

Metro 142

Metro Lending Strategy Capital 142

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? Real estate secured.

Lending 60

Lending Resources Community Metro 60

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko.

Taxes 155

Taxes New York Security Data 155

Bank Innovation

SEPTEMBER 10, 2019

Credijusto, a Mexican small business lender, is using data points like tax and invoice information to reach small businesses typically out of reach of large banks.

Taxes 170

Taxes Security Data Innovation Strategies 170

PYMNTS

AUGUST 21, 2020

Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. The Main Street Rescue That Wasn’t (And Still Isn’t).

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

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. Data technology startup Incorta secured $30 million in support from backers at Sorenson Capital, GV, Kleiner Perkins, M12, Telstra Ventures and Ron Wohl, the company said this week.

Fintech 179

Fintech Analytics Capital Lending 179

Abrigo

DECEMBER 8, 2016

As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. However, small business lending comes with some unique challenges that banks and credit unions will need to address in order to grow their business lending portfolios.

How To 150

How To Lending Community Bank Community 150

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. The extension of credit, said Cutler, “is something of a business accelerator.

Lending 101

Lending Data Taxes Tools 101

PYMNTS

APRIL 22, 2020

The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. The technology holding company also has member businesses in gaming, security and financial services. . Vietnam said in January that Facebook violated Vietnamese law in how it managed online content, advertising and taxes.

Payments 154

Payments social media Groups Taxes 154

PYMNTS

MARCH 1, 2018

56 percent | Percentage of ground transportation expenses Uber secured for travel and expense company Certify’s customers in 2017, up 52 percent in 2016. 25 | Number of hours it can take for SMBs to manually prepare and submit paperwork for the business lending process. workforce by 2020.

Innovation 100

Innovation Data Taxes Lending 100

Abrigo

JULY 20, 2017

The 10th annual report features 60 leading risk software vendors and consultants from around the world and across various industries based on categories such as credit risk, governance, risk and compliance (GRC), and IT security/cyber risk, to name a few. Electronic Tax Return Reader (ETRR). Loan Decisioning. Relationship Manager.

Software 150

Software Report United States Compliance 150

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. The company secured the funding from an unnamed angel investor, reports said. The new funding will also go towards the launch of a lending service, reports said. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The MLA’s overall goal is to prevent predatory lending against U.S. The 2017 date applies only to credit cards.

Lending 60

Lending Regulation Taxes Security 60

PYMNTS

OCTOBER 8, 2019

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. 76 percent of U.S.

Survey 134

Survey Taxes Data Report 134

CFPB Monitor

APRIL 11, 2016

A number of prominent industry trade groups have written to the Department of Defense (DoD) seeking clarifications to the Military Lending Act (MLA) final rule adopted in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Groups 60

Groups Lending Regulation Taxes 60

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. Last weekend, Wholesalebox said it secured $2 million in pre-Series A funding from several backers, including Manish Maheshwari, CEO of Network 18 Digital.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

JULY 26, 2020

dollars that does not suffer from the delayed settlement and chargeback issues of traditional payment solutions, or the legal, accounting and tax issues of stablecoins,” the release stated. SPDIs may focus on traditional assets as well.” ” The state already had a reputation as a pioneer in digital financial transactions.

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

SEPTEMBER 27, 2019

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. 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 Everledger.

Payments 149

Payments Capital Taxes Lending 149

PYMNTS

OCTOBER 21, 2019

PYMNTS recently spoke with Eric Bloomquist, chief product officer of loan-focused personal finance tool FinLocker , and Jamie Rhodes, the company’s product owner, to discuss how the mortgage lending process can be streamlined while safe underwriting practices are maintained. The pre-verified data spares time.

Lending 104

Lending Data Taxes Tools 104

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. The scam here is an inside job, making it inherently more elusive. 1st-party fraud costs merchants $89 billion annually, with an estimated 60% of charge offs due to fraud.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

NOVEMBER 23, 2020

Small and medium-sized businesses (SMBs) got their clocks cleaned by the pandemic, and turning to their traditional lending sources, they’ve encountered sclerotic systems and outdated policies not conceived for the needs of the recovering Main Street merchants of 2021. And there's a security … that sits with a check. I have proof.

Data 143

Data User Experience Fintech Lending 143

PYMNTS

NOVEMBER 28, 2016

The country’s decision to discontinue the 500- and 1,000-rupee banknotes earlier this month in an attempt to curb fraud, corruption, illegal tax evasion and illegal cash holdings has actually brought about a rise in money laundering schemes. Lenders are having difficulty with lending money, as well as getting paid from borrowers. .

Taxes 100

Taxes Lending ATM US 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. Debt securities 8762 1790.39 Pre-tax profits 8305 29.76 Debt securities 8762 1790.39 Pre-tax profits 8305 29.76 Debt securities 8762 1790.39 Pre-tax profits 8305 29.76

Capital 78

Capital Lending US Data 78

PYMNTS

SEPTEMBER 7, 2018

In one of the largest investment rounds of the week, Colombia’s Portal Finance announced $200 million for its lending solution for banks. The company, according to reports , secured the funds through a joint venture with BTG Pactual, Latin America’s largest financial institution. The investment follows a $1.5 Countingup.

Fintech 109

Fintech Capital Lending Software 109

PYMNTS

MARCH 2, 2018

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. The company operates a working capital and trade finance solution for companies to secure financing to power global trade.

Fintech 118

Fintech Capital blockchain Lending 118

Abrigo

MAY 5, 2017

How are you going to know if the institution even lends to your industry unless it says it does? Eliminating paper by using online loan applications and allowing borrowers to upload required documents to a secure online portal may also improve the borrowing experience for businesses, Martin said.

Survey 150

Survey Online Lending Taxes 150