CB Insights

MARCH 13, 2019

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). InsideSales.com. Binary Fountain. Washington.

United States 78

United States Rhode Island Massachusetts Connecticut 78

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

Maine 148

Maine Lending Cards Bitcoin 148

PYMNTS

MAY 2, 2017

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Drilling down a bit into the Puerto Rico market in particular, Arora noted some differences between small business lending versus, say, the United States.

Puerto Rico 118

Puerto Rico Lending Online United States 118

PYMNTS

JANUARY 18, 2019

The Consumer Financial Protection Bureau (CFPB) has asked the United States Congress for the authority to supervise compliance of the Military Lending Act (MLA), the organization announced on Thursday (Jan. The Bureau is committed to the financial well-being of America’s service members. “The

Compliance 122

Compliance Lending United States Regulation 122

PYMNTS

OCTOBER 27, 2019

lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer.

Lending 103

Lending South Dakota North Dakota Wyoming 103

PYMNTS

JULY 22, 2019

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. We view Venture Banking and Lending as an attractive loan and deposit growth vehicle, and we’re excited to be in the market with these new capabilities.”.

Lending 100

Lending United States Boston Capital 100

PYMNTS

JANUARY 16, 2018

The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 Opponents of tribal lending applaud this, noting that Tucker’s story is common and symptomatic of the trouble with the industry as a whole.

Lending 118

Lending Miami Regulation Kansas 118

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. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

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? Nationally, the picture is a fine one.

Lending 188

Lending South Carolina Miami Community Bank 188

Jack Henry

SEPTEMBER 24, 2020

On average, consumer spending represents more than 68% of gross domestic product in the United States. When 2020 is in the rear-view mirror, economists will no doubt study the critical role American consumers played in the economic recovery.

Lending 78

Lending United States Study 78

Let's Talk Payments

JUNE 3, 2017

The lending business, however, appears to be among the most promising, especially in the United States, where the aggregate household debt. Opportunities in various FinTech segments are known to differ.

Lending 107

Lending United States Fintech America 107

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? Target auto-debit at 90%+ in all small business digital lending processes.

Lending 141

Lending Community Bank Community Data 141

CFPB Monitor

OCTOBER 25, 2022

While creditors are allowed to price loans differently based on objective differences in creditworthiness, New York’s Fair Lending Law prohibits discrimination against protected classes for the granting, withholding, extending, renewing of credit or in the fixing of interest rates, terms or conditions of any form of credit.

New York 78

New York Lending Community Bank Community 78

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.

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Lending Study Capital Data 124

PYMNTS

FEBRUARY 29, 2016

That’s a shift online lender Lending Club is mulling over — one in which the firm may have to forgo at least some of its revenues in an effort to keep making loans and not running afoul of state usury laws. Midland Funding LLC — reshapes the lending landscape, the state-level interest rate caps would hold.

Lending 100

Lending United States System Operations 100

BankInovation

AUGUST 11, 2023

Credit unions are looking to digital lending marketplace Union Credit to grow their membership, gain national exposure and break into younger demographics. Nationally, the average credit union member is 54 years old while the average consumer in the United States is 37, Barry Kirby, chief revenue officer and co-founder of Santa Rosa, Calif.-based

United States 52

United States Online National Lending 52

PYMNTS

MARCH 2, 2016

Banco Santander SA, with an eye on its units based in the United States, is taking a $4.8 billion goodwill impairment charge tied to its consumer lending unit. accounts for and makes provisions for risky loans.

Lending 100

Lending US United States Company 100

Bank Innovation

DECEMBER 2, 2016

The personal lending space in the United States, conservatively estimated to be around $3 trillion in 2016, is seeing continued disruption.

Maine 150

Maine United States Lending Retail 150

Commercial Lending USA

SEPTEMBER 14, 2023

A USDA B&I loan, short for "United States Department of Agriculture Business and Industry Loan," is a type of government-guaranteed loan program

United States 96

United States Industry Lending 96

Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

Fintech 259

Fintech United States Tools Strategy 259

Perficient

NOVEMBER 10, 2023

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates.

Risk Management 221

Risk Management United States FDIC Compliance 221

PYMNTS

OCTOBER 11, 2019

The founders of lending protocol Nuo have announced the launch of a new digital banking platform called Juno, which will be built on top of ethereum. And Heath Tarbert, the chairman of the United States Commodity Futures Trading Commission (CFTC), believes ether is a commodity, so it falls under the jurisdiction of the CFTC.

Bitcoin 116

Bitcoin Digital Banking Lending New York City 116

South State Correspondent

FEBRUARY 29, 2024

Higher capitalization rates driven by higher expected future rates (fewer rates are priced in the forward curve) dropped the future value of properties across the United States and hurt expected loss given default (LGD) by 1.5% Banks have loosened up lending for C&I over last quarter, but credit remains constrained.

Trends 195

Trends Community Bank Community United States 195

Abrigo

MAY 13, 2020

Since the April 3 launch of the SBA’s Paycheck Protection Program (PPP), financial institutions have approved over $530 billion in PPP loans to small businesses throughout the United States. Lending & Credit Risk. Member Business Lending. SBA Lending. Lending & Credit Risk. SBA Lending.

How To 195

How To Report Lending United States 195

CFPB Monitor

AUGUST 9, 2018

3334 captioned “ The Military Lending Improvement Act of 2018” in the United States Senate to “expand and improve” credit protections afforded to service members by the Military Lending Act (MLA) and the Fair Debt Collection Practices Act (FDCPA). On August 1, 2018, Sen. Bill Nelson (D-Florida) introduced S.

Lending 84

Lending United States Florida Data 84

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Viewed from high levels, the activity itself (lending, that is), has taken off in some of the countries one might expect, marked by relatively higher incomes, and where financial regulation might be relatively less stringent.

Fintech 172

Fintech Lending United States Regulation 172

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. – Reduced overhead and cost per loan.

Lending 104

Lending Analytics Data United States 104

PYMNTS

AUGUST 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. A unit of Ping An Insurance Group, Lufax filed confidential paperwork with the U.S.

US 147

US United States Lending Regulation 147

PYMNTS

AUGUST 11, 2020

And as reported in the Financial Times , banks that are relatively more dependent on lending activities to keep operations afloat are facing challenges that have not been seen since the financial crisis and recession of more than a decade ago.

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United States Survey Maine Course 217

PYMNTS

NOVEMBER 12, 2020

To simplify banking for small- to medium-sized businesses (SMBs) in the United States, HSBC is rolling out a new service with Biz2Credit. It also offers a configurable rules engine that lets HSBC smoothly change its lending requirements. 12) announcement. 12) announcement. “By

United States 141

United States Lending National Management 141

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. million round for India-based small business lending platform Aye Finance, the company recently revealed.

Capital 288

Capital Lending Cards United States 288

PYMNTS

MAY 25, 2016

” In total, since its founding nearly a decade ago, OnDeck said that it has delivered roughly $4 billion in Canada, the United States and Australia. That type of speed and service is exactly what small businesses need to grow in today’s economy.”

Lending 100

Lending United States Capital Management 100

PYMNTS

JANUARY 25, 2021

Global FDI dropped by 42 percent last year, and COVID-19 will keep impacting it in 2021, according to a UNCTAD report, as China reaps more foreign funds than the United States. 55-Plus Group Lends Optimism To Travel Operators. FDI dropped to $859 billion in 2020 from $1.5 trillion in 2019.

United States 217

United States Regulation Payments Lending 217

FICO

MAY 10, 2018

Alliant Credit Union , one of the largest credit unions in the United States, has transformed its consumer lending business and is exceeding its lending goals since implementing FICO technology solutions in 2016. In our new CLOS, we’re up to almost 40% look-to-book in all our consumer lending products combined.”.

Lending 61

Lending United States System Cards 61

PYMNTS

SEPTEMBER 29, 2020

SMBs may be further hamstrung by traditional lending activities, said Shoihet, as borrowers are typically required to have an operational track record spanning at least a few years, and provide evidence of reasonably healthy balance sheets. Depending on the terms, Marco would then collect directly from the U.S.

United States 286

United States Regional America Trends 286

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

FEBRUARY 6, 2018

percent, are owned by veterans of the United States Armed Forces. That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements. According to the Small Business Administration , of the 28 million U.S. SMBs, roughly 2.5 million, or 9.1 million jobs.

Lending 119

Lending Virginia United States Capital 119