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Prepare for stronger C&I lending demand: A $1.7 trillion “wave”

Abrigo

Takeaway 3 To fully capitalize on the forthcoming C&I wave, institutions need the right products, systems, people, and technology. 2010-2023: 137.3% Lenders are often more comfortable with loans secured by real estate and a focus on debt-service coverage and loan-to-value. 2004-2008: 82.6% trillion, Pruis said.

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SMBs Struggle Amid MyPayrollHR Fraud Inquiry

PYMNTS

Now, small business owners are struggling to make up thousands of dollars in tax payments that vanished or are in limbo , Chicago’s Daily Herald reported Tuesday (Oct. Client letters seen by the Daily Herald showed that taxes for employee paychecks dated between Aug. 20, Mann began borrowing “large sums of money” starting around 2010.

Fraud 102
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EU Eyes Single European Data Market

PYMNTS

Margrethe Vestager, Europe’s digital and antitrust commissioner, has said she is considering launching an inquiry into industries using new technologies. In terms of individual company news, and in the United States, Facebook new is being sued by the Internal Revenue Service (IRS), for alleged tax evasion — to the tune of $9 billion.

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Equifax Names Ex-Mastercard CEO To Its Board

PYMNTS

According to Equifax , Selander served as president and CEO of Mastercard from 1997 until 2010. Citing comments the company made on a recent conference call, Reuters reported the $275 million is in addition to the $164 million in pre-tax costs it reported for the last six months of 2017.

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AltFin Shines As Investor Interest In B2B FinTech Continues

PYMNTS

Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds. This week, ZenBusiness secured $4.5

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How Have the Finovate Best of Show Winners Fared?

Fintech Labs Insights

Europe 2024 (London): Corsound AI: AI company advancing in sound recognition technologies, expanding market reach, receiving favorable industry reviews and increasing investment interest. Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. SAVVI AI : Raised $5.6M

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Bitcoin’s Resplendent Week

PYMNTS

But Takach is confident that the law will catch up with technological innovation. Takach’s point is that different states and countries will have a different reaction to disruptive technologies, and a rushed and ill-thought-out policy could be counterproductive. versus Canada, according to NewsBTC.

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