PYMNTS

APRIL 7, 2017

The breach of a tool that parents and students can use to streamline the student lending process has allowed information for 100,000 taxpayers to get out into the wild, according to Internal Revenue Service Commissioner John Koskinen on Thursday. The scam led to about 8,000 fraudulent refunds — worth about $30 million.

Tools 100

Tools Data Taxes Fraud 100

PYMNTS

NOVEMBER 10, 2017

But just as fitness workers are helping clients shed their spare tires and find newfound flexibility, new disbursement solutions are helping these professionals embrace more modern payment delivery methods and scheduling tools. Deep Dive: Direct Deposits and Tax Returns. When tax time rolls around, eight out of 10 U.S.

Tools 101

Tools Trends Payments Taxes 101

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

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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

PYMNTS

DECEMBER 7, 2020

While third-party portals like Amazon and Walmart have opened the doors for small businesses to reach more customers than ever before, investing in the tools and inventory necessary to match demand can be a struggle. Small Business, Big Challenges. The company now operates in the U.K., Europe, Canada, the U.S. An Alternative To Banks.

Capital 356

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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

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

AUGUST 5, 2020

In addition, he said tax refunds provided the tailwinds that drove momentum in the Cash App. Square Capital, the company’s lending division, reported a drop in revenue after it stopped issuing most new loans in the quarter. But not all the news was good.

San Francisco 218

San Francisco Capital Taxes Lending 218

PYMNTS

APRIL 8, 2020

Singapore’s tax authority has been leveraging DBS’s banking APIs, which allow taxpayers to digitally transmit stamp duty taxes owed on property transactions, for example. You will need APIs to be able to extract information related to buyers and suppliers, which can be processed by DBS’s alternative lending credit modeling.

Taxes 247

Taxes Examples Payments Mobile 247

Abrigo

MAY 30, 2017

By eliminating manual data entry with a tool like Sageworks Electronic Tax Return Reader and implementing spreading software that can automate lending decisions , analysts can focus on value-add analysis, rather than rote tasks. Learn more about Sageworks solutions for lending automation.

Technology 150

Technology Community Bank Lending Community 150

PYMNTS

JANUARY 7, 2019

Reuters, citing the official China newspaper, reported financial institutions are being called on to provide increased support for private companies and will have the ability to use financial tools including bonds and bank lending. That, noted the report, will provide around $116 billion in new cash banks can use to lend.

Lending 129

Lending Taxes Study Report 129

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. ScaleFactor connects small and medium-sized businesses with artificial intelligence-powered accounting solutions including bookkeeping, bill payment, tax returns and invoicing. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

NOVEMBER 15, 2016

Financial information firm Sageworks has announced its expansion into the world of SME lending. 14) that the company is entering the small business finance space with a new platform that adds to its existing consumer lending, credit risk and portfolio risk management offerings for financial institutions. Reports said Monday (Nov.

Lending 100

Lending Big Data Risk Management Taxes 100

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. Informed Consumers are Responsive, Receptive.

Lending 104

Lending Data Taxes Tools 104

PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

Financial Technology 127

Financial Technology Technology social media Taxes 127

PYMNTS

APRIL 7, 2020

CIT Group is focusing on lending, too, and released a new point-of-sale lending platform and accompanying APIs that B2B merchants can use to integrate the tool into their direct sales channels. The APIs also help lenders conduct loan-related activities, such as account verification and collections management.

Groups 159

Groups Lending Examples Taxes 159

Abrigo

SEPTEMBER 29, 2017

If the financials were imported via automation such as Sageworks Electronic Tax Return Reader , the analyst should check that she chose the correct time periods to include in the analysis. At the end of the day, the scorecard is a tool to drive consistency. What should she do? The first step may be obvious but worth stating.

Analysis 150

Analysis Tools Risk Management Examples 150

Abrigo

MAY 5, 2017

How are you going to know if the institution even lends to your industry unless it says it does? Efficiency gains from these types of process changes can improve profitability of small business lending while mitigating risk so that financial institutions can be confident in expanding the business credit portfolio.

Survey 150

Survey Online Lending Taxes 150

PYMNTS

JANUARY 8, 2018

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

Taxes 105

Taxes Data Louisiana Colorado 105

PYMNTS

DECEMBER 13, 2019

Traditional bank loans remain the undisputed leader in small business lending. by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often the first place small business owners look when in search of capital.

Capital 132

Capital Lending Strategy Community 132

PYMNTS

NOVEMBER 20, 2018

is launching its Payments API to allow small businesses to initiate payments for payroll, lending, accounting and other digital platforms all at once. The tool will also support real-time access to data to enhance financial reporting and cash flow management. A press release Monday (Nov. 19) said Cashplus, based in the U.K.,

Payments 108

Payments Taxes Data Lending 108

Abrigo

NOVEMBER 13, 2023

Make sure to look at lien perfection, tax payments, and insurance. Rather, it is an internal accounting facility that transfers loan authority from a higher lending source to a lower one for a specific period of time under specific conditions. You don’t want to be in that situation.” Profitability analysis.

Analysis 195

Analysis Lending System Survey 195

Abrigo

APRIL 27, 2017

Focus on cultivating those relationships and increasing awareness to existing customer of your business lending product offerings. Banks and credit unions can compete with alternative lenders by focusing on implementing technologies that make the lending process faster and easier for borrowers.

Survey 150

Survey Lending Data Taxes 150

PYMNTS

JANUARY 17, 2019

Employers don’t simply want a payroll solution, she said, but a holistic suite of human capital management tools that can handle everything from tax compliance to integrations with time-tracking solutions. ” In the U.S., Dunwoodie pointed to API technology as a useful facilitator of this connection today. ”

Capital 173

Capital Tools Survey Management 173

PYMNTS

SEPTEMBER 27, 2019

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 The firm operates a platform to automate tax and financial management processes for gig workers, sole traders and contractors. OfBusiness.

Payments 149

Payments Capital Taxes Lending 149

Abrigo

FEBRUARY 7, 2023

How construction administration units mitigate construction lending risk Construction lending involves unique risks and requires specialized processes. WATCH Takeaway 1 The OCC recommends that construction lending risk be managed by specialized real estate and construction lenders who report to the credit department.

Lending 195

Lending Management Risk Management Handbook 195

MyBankTracker

JANUARY 5, 2021

Tax loss harvesting and unlimited automatic rebalancing. Lacks extensive research tools. Are Tax Loss Harvesting and Automatic Rebalancing Included? Tax loss harvesting and rebalancing are both good features to have with an online brokerage account. If you do, you lose any tax benefits associated with loss harvesting.

Taxes 52

Taxes Tools Online Management 52

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Honesty is the best policy.

Fintech 183

Fintech blockchain Lending Digital Banking 183

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. There’s another trend identified by Accenture, however, that is even more acutely represented in the B2B VC breakdown. ZenBusiness.

Fintech 118

Fintech Capital blockchain Lending 118

PYMNTS

MARCH 1, 2018

However, the business lending process is bogged down with manual paperwork that can take as long as 25 hours for SMBs to prepare and submit. Data – and the application programming interfaces (APIs) that enable easy access to it, he explained – is the tool of choice for that. Data in Context. Data Is a Bank’s Best Friend.

Data 101

Data Lending Taxes Innovation 101

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says.

Community Bank 144

Community Bank Community Lending Louisiana 144

PopularBank

APRIL 14, 2022

Online tools, real estate professionals, and appraisers can help give you an accurate snapshot of your home’s value. Take a home equity lending product. Consult your tax advisor. A HELOC can help make your dreams a reality. How much home equity do I have? The first step is calculating your home’s equity.

Taxes 52

Taxes Security Cards Lending 52

PYMNTS

JULY 31, 2017

Codel, head of consumer lending at Wells Fargo, said in an interview. “We After a long partnership, Stripe has officially acquired Payable in an effort to bolster the tax reporting tools it has on offer for its market business customers through its Stripe Connect product. For Stripe, it means reducing friction at tax time.

Taxes 100

Taxes Data Security Report 100

Abrigo

OCTOBER 21, 2019

Once only accessible to large financial institutions and digital-only banks, today’s technology affords smaller financial institutions the opportunity to level the playing field by automating the lending process to get money in customers’ hands sooner. Technology, like banking, isn’t “one-size-fits-all.”

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

BankUnderground

JULY 29, 2020

However, the empirical literature, most prominently Heider, Saidi and Schepens (2019) , find that commercial banks generally do not push deposit rates to negative levels, so that negative policy rates compress banks’ net interest margins and hence their willingness to lend. Fiscal Policy. Debt financing may encounter limits.

Policies 101

Policies Lending System Tools 101

MyBankTracker

MAY 20, 2020

Essentially, interest is a payment for lending your money to someone else. Tax Considerations About Income Investing. Each type of investment comes with its own tax considerations. As long as your assets aren’t in a tax-advantaged account, they’re usually taxable in some way. Optimize for tax efficiency.

How To 52

How To Taxes Company FDIC 52

PYMNTS

APRIL 20, 2018

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. In fact, one of them asked Chavez during the earnings call whether Marcus was lending to consumers with less than stellar credit histories. The Big Bet on Consumer Services.

New York 101

New York Lending Tools Boston 101