Bank Innovation

DECEMBER 4, 2018

Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up over 6% year over year. Sharon Miller, managing director and head of small business at BofA, told Bank Innovation more business owners are going online and expecting full capabilities when they get there.

America 150

America Lending Innovation Online 150

PYMNTS

NOVEMBER 7, 2016

The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. It’s one day to election day in the U.S., and as always, national economic issues are at the top of voters’ minds. We share all the details below. That amounts to $28.9

America 186

America Fintech National Strategy 186

PYMNTS

OCTOBER 15, 2020

Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year. That may be stretching things. We’re seeing that across the franchise.”.

America 220

America Cards Mobile Management 220

Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. The MSLP aims to be a lifeline for businesses that may have been too big to participate in the PPP, but too small to access corporate lending facilities. learn more.

Maine 195

Maine Lending Regulation Resources 195

Bank Innovation

JULY 28, 2016

Bank of America last Tuesday introduced version 7.0.0 Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their credit Read More. of its iPhone mobile app, and it was noteworthy largely because of one new feature: it gives consumers access to their credit scores.

America 150

America Mobile Cards Lending 150

PYMNTS

SEPTEMBER 7, 2020

The banks with the largest total increases include JPMorgan Chase , Bank of America and Wells Fargo. These results have led to tenants who missed rent payments and commercial landlords struggling to make mortgage payments.

New York City 259

New York City Lending New York Florida 259

Bank Innovation

JULY 8, 2019

At Bank of America’s auto division, preserving a personal touch is key to engaging with both consumers, according to Duane Freeman, the bank’s senior vice president of consumer vehicle lending and national sales executive. “In

Lending 186

Lending National Operations America 186

PYMNTS

OCTOBER 15, 2020

Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year. That may be stretching things. We’re seeing that across the franchise.”.

America 171

America Cards Mobile Management 171

Bank Innovation

AUGUST 2, 2016

A new video from Bank of America shows a tool called Home Loan Navigator that allows borrowers to manage the mortgage process via mobile — sort of. It shows a happy couple watching the stages of their loan process on a tablet (spoiler: it’s approved). One part of the video Read More.

Video 150

Video America Mobile Tools 150

Banking Exchange

MAY 26, 2021

The banking giants have fulfilled pledges made last year to boost investment in minority-owned banks and businesses Retail Banking Duties Lines of Business Feature Business Credit Financial Trends Feature3 Fair Lending Diversity Socially Responsible Investing.

America 167

America Lending Trends Retail 167

PYMNTS

APRIL 6, 2020

Rifkin Weiner Livingston LLC has filed an amended complaint against Bank of America (BoA) for allegedly giving its lending clients a higher priority and denying or limiting access to the Paycheck Protection Program (PPP) to its depository clients and other small firms, according to a press release.

America 237

America Lending Policies Cards 237

PYMNTS

NOVEMBER 27, 2018

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though.

Lending 159

Lending Fintech Capital Report 159

South State Correspondent

MARCH 24, 2025

By collaborating closely with clients to understand the full context of their financial requirements, bankers demonstrate that their commitment extends beyond simple lending to genuinely partnering for success. Certification under USMCA enables companies to benefit from reduced or eliminated tariffs when trading within North America.

Risk Management 195

Risk Management Resources Management Marketing 195

Chris Skinner

APRIL 11, 2018

Things we’re reading today include … PayPal Makes a Move Toward Traditional Banking Bank of America Says It Will Stop Lending to Military-Style Gunmakers UK interest rates should be raised without delay, says Bank’s McCafferty – as it happened Bank of America: Tech stocks could be headed for regulatory-driven collapse … (..)

America 198

America Lending 198

PYMNTS

JANUARY 22, 2019

Could it be that the CFPB, under new Executive Director Kathy Kraninger , will be moving directly to eliminate the more controversial provisions of its payday lending rule? In April, Mulvaney sided with two payday lending groups that sued the CFPB in an attempt to invalidate the regulatory restrictions created by the new rules.

Lending 153

Lending South Carolina Regulation Groups 153

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

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .”

Lending 152

Lending Community Bank US Community 152

Chris Skinner

FEBRUARY 15, 2018

Things we’re reading today include … Starling’s marketplace banking rollout adds pensions, savings, travel insurance and mortgages Amazon has partnered with Bank of America for its lending program The digital upstarts taking on Britain’s dominant few banks China’s HNA Group trims stake in Deutsche Bank Divorcing couples may clash (..)

America 210

America Lending Groups 210

PYMNTS

JANUARY 26, 2020

Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks.

Fintech 247

Fintech America Capital Regional 247

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8

Report 269

Report San Francisco Lending America 269

Bank Innovation

OCTOBER 3, 2019

However, for Bank of America, a “human-digital” approach is the cornerstone of its small business banking approach. As of this year, Bank of America said it surpassed Wells Fargo as the nation’s top small business […]. Digital-only lenders tout the speed and efficiency of their user experiences.

Strategy 253

Strategy America User Experience National 253

Chris Skinner

FEBRUARY 14, 2018

Things we’re reading today include … We are more likely to change our partner than our bank World’s richest people: in pictures Starling Bank unveils partnership with range of financial services providers Amazon has partnered with Bank of America for its lending program Bitcoin, Ethereum and Ripple price soars as … The post (..)

Bitcoin 198

Bitcoin America Lending 198

PYMNTS

APRIL 13, 2020

This week, Wells Fargo , JPMorgan Chase , Citigroup , Bank of America and Goldman Sachs will report results for the March quarter and are likely to show volatility, to put it mildly, rocked by the impacts of the coronavirus, which spread like wildfire through the world beginning in January. The pressures will come across all fronts.

America 312

America Cards Mobile Report 312

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

PYMNTS

FEBRUARY 6, 2019

In an effort to bring customers an easier and more streamlined online car buying experience, Carvana, an online-only used car dealer, has teamed up with Bank of America, according to a release from the companies. “We Customers can go on Bank of America’s car shopping tool from a phone or computer and select a Carvana vehicle.

Online 176

Online America Policies Lending 176

PYMNTS

JULY 29, 2019

With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies starting in June 2020. The press release also noted that “First Data will be an important service provider supporting Bank of America’s global payment solutions.”.

Data 176

Data America Strategy ATM 176

Bank Innovation

MAY 8, 2019

Having spent a lot of time attending to retail customers, banks are now trying to digitally transform their wealth management and commercial lending businesses. In the process, banks hope retail customers will buy these non-retail products.

Lending 277

Lending Retail Innovation Management 277

Bobsguide

APRIL 21, 2022

Finastra appoints Isabel Fernandez to accelerate lending business growth. Company welcomes Isabel to the Finastra leadership team, as EVP, Lending Business Unit. Other roles include President & CEO Global Bank Loans at GE Capital Americas and Head of Enterprise Clients. I’m looking forward to getting stuck in.”. Paddington.

Lending 109

Lending Leadership Innovation Software 109

PYMNTS

MARCH 20, 2020

Bank of America (BoA) customers impacted by the coronavirus can request mortgage, credit card and other loan deferments, the company announced on Thursday (March 19). Our clients rely on us every day and for every aspect of their financial lives,” said Dean Athanasia, president of consumer and small business at Bank of America.

America 176

America Payments Cards New York 176

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided.

Lending 128

Lending Illinois Compliance Chicago 128

Bank Innovation

NOVEMBER 15, 2017

The most optimistic owners are millennials, according to data from the Bank of America Fall 2017 Small Business Owner Report. EXCLUSIVE—Small businesses owners share a mostly positive outlook on economic growth for the next year.

Millennials 239

Millennials Survey America Data 239

Bank Innovation

JULY 19, 2017

With its consumer mobile banking upgrades well underway, Bank of America is turning its attention to businesses. Small business clients can now apply for loans directly through all of BofA’s digital channels, which of course includes the bank’s mobile app.

Mobile 236

Mobile America Course Online 236

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

Community Bank 190

Community Bank Community Lending Cards 190

Abrigo

APRIL 24, 2023

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. Construction lending has seen several stumbling blocks over the past few years. That put construction lending at its highest percentage of gross loans since the second quarter of 2011.

Trends 195

Trends Lending Risk Management Arkansas 195

PYMNTS

NOVEMBER 15, 2020

Morgan Chase and Bank of America , which have been bringing in deposits through digital apps, marketing and nationwide branch networks, WSJ reported. Big bank mergers have been scarce in the past decade since the financial crisis of the late 2000s, but despite that rarity, regional lenders have felt the crunch from bigger rivals like J.P.

Report 247

Report Alabama US Texas 247

PYMNTS

SEPTEMBER 22, 2019

“We have around 40 companies that fit in Brazil,” the group’s head in Brazil, André Maciel, told the news outlet during an event at Cubo, a technological hub funded by Itaú Unibanco, the largest private bank in Latin America. . Japan’s SoftBank is a worldwide investor and has already invested in Brazil with the U.S.

America 164

America Lending Capital Groups 164

Bank Innovation

NOVEMBER 15, 2017

Martin Chavez, chief financial officer for Goldman Sachs, showed in a slideshow at a Bank of America Merrill Lynch event yesterday that Marcus had already surpassed $1.96 EXCLUSIVE- Online consumer lender Marcus by Goldman Sachs has reached its annual goal for loan originations. billion in originations as of Nov.

America 259

America Online Lending 259