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Bank-FinTech Collaboration Tackles SMB Finance Friction

PYMNTS

This week's look at the most recent initiatives in partnerships and open banking reveals a focus on SMB lending and finance, while Banking-as-a-Service (BaaS) also gains traction to allow non-banks to offer their own banking services to corporate customers. HSBC is adopting Biz2Credit 's Bix2X Platform to streamline its SMB lending processes.

Fintech 247
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Avant Brings SaaS Lending Tech To Banks

PYMNTS

We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. Avant launched its first bank partnership with Alabama-based Regions Bank in 2016, using its SaaS product.

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

Lending is getting riskier. This data is critical for pricing, capital allocation, and marketing. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. Minnesota, North Dakota, and Iowa were the least risky states to lend into. This quarter, it is 2.58%.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

Last week , Walmart Pay rolled out in Alabama and Georgia. Online lending . The venture capital backers are no doubt smiling. . So, providing retailers with a new storefront in an ecosystem of 1.5 billion people a month who visit it. Slam dunk sizzle. Is payment enabling those storefronts next? . Walmart Pay.

Online 101
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

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OnDeck Channels Accountants For SME Funding

PYMNTS

While the tool initially launched in March , reports said OnDeck expanded this aspect of its operations this month across Kentucky, Florida and Alabama. ” OnDeck facilitates access to working capital of up to $500,000 for accountants’ SMEs with the program. . According to reports, annual interest rates can be as low as 5.99

Kentucky 101
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Regions keeps costs in check as loan growth proves elusive

American Banker

The Alabama-based regional bank reported stronger earnings on a bump in capital markets fee revenue and lower expenses, but its total loans declined and its charge-offs increased. It expects only modest loan growth this year.