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

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

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Peasy Explores The Early Payment Incentive. MineralTree Pairs For Global AP.

Tools 282

Tools Operations Management Meeting 282

PYMNTS

FEBRUARY 15, 2018

Amazon is partnering with Bank of America Merrill Lynch to expand its lending program for small businesses. Amazon Lending is an invitation-only program that offers loans of $1,000 to $750,000, with terms of up to a year, for companies that might have issues getting traditional business loans.

Lending 103

Lending America Google Report 103

PYMNTS

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations.

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

FEBRUARY 7, 2019

said ZipBooks Co-Founder and Chief Operating Officer Jaren Nichols in a statement announcing research at the time. Bank of America paid an 18.6 Overall, the top banks saw lending grow by 2.3 Commercial and industrial lending accelerated among the top 25 banks in the U.S. The overwhelming response was ‘none at all.’”.

Taxes 122

Taxes Lending National New York 122

PYMNTS

JUNE 21, 2017

Small business lending platform Nav announced Tuesday (June 20) that Visa Head of Global Small Business Janet Zablock is joining its board as an independent member. “Small businesses have traditionally struggled to navigate an increasingly complex lending process,” Zablock said in another statement.

Lending 100

Lending America Capital Security 100

PYMNTS

DECEMBER 9, 2020

IKB Deutsche Industriebank AG , which works in lending and public loans, will work with Hypoport subsidiary and corporate finance platform fundingport on corporate finance improvements, according to a press release. Hypoport is a tech-focused financial service provider. As part of the deal, IKB will gain a 30 percent stake in fundingport.

Lending 190

Lending Digital Strategies America Strategy 190

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100

America Payments Fraud Case Study 100

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Meanwhile, businesses that flourished in the pandemic may look to expand operations. Pandemic-Induced Transformations.

Lending 221

Lending Technology Survey Examples 221

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. That’s the problem this legislation is looking to solve.”.

Lending 128

Lending Illinois Compliance Chicago 128

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.

Lending 109

Lending Data Capital Fintech 109

Abrigo

DECEMBER 1, 2020

25 and published by the Independent Community Bankers of America (ICBA) and others, the Small Business Administration said lenders will receive notice of a loan review via the PPP Forgiveness Platform inbox. Implement Abrigo's SBA Lending Solution in Days. Lending & Credit Risk. Lending & Credit Risk. Ag Lending.

Lending 195

Lending Resources Groups Analysis 195

PYMNTS

JANUARY 8, 2021

Backers zeroed-in on a range of industries, including SMB banking and lending. Yesler operates a B2B eCommerce platform for the lumber and building materials industry, and investors at Tech Square Ventures have just led a $3.3 With plans to launch a new small business lending bank in the U.K., million funding round for the firm.

Fintech 203

Fintech Capital Lending Operations 203

CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Sales and trading operations within banks can be lucrative. SMB lending . Consumer deposits & savings.

America 101

America Lending Cards Capital 101

PYMNTS

SEPTEMBER 21, 2018

A top corporate banking executive at Bank of America (BoA) is slated to depart the institution, according to The Wall Street Journal ( WSJ ) reports Thursday (Sept. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations. ”

America 135

America Samsung Mobile Operations 135

PYMNTS

APRIL 9, 2020

And meanwhile across America are a bunch of bankers going, ‘well I’m not hitting the send button yet cause I don’t understand this.’”. So we have to take that into consideration of the amount of money we know we’ve got to lend out just keep our normal lending business going,” Speight said. So how to fix the log jam.

Lending 285

Lending Capital Washington Risk Management 285

PYMNTS

AUGUST 14, 2018

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. Ohio’s House Bill 123 officially exists to close a series of loopholes that existed under the state’s previous attempt at regulating the short-term lending industry, the 2008 Short-Term Loan Act.

Lending 100

Lending Ohio Regulation Industry 100

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs).

Regulation 349

Regulation National System Industry 349

PYMNTS

MAY 25, 2016

Reports by Financial Times said on Tuesday (May 24) that Wells Fargo vowed to continue to lend to businesses that have significant outstanding debt against the guidance of U.S. ” Reports said Wells has pursued greater market share in its non-retail banking operations since its acquisition of Wachovia in 2008. .”

Lending 100

Lending Regulation America US 100

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one might expect after such a long and intense build-up, the reactions were also fairly intense from both sides. million comments submitted. Somewhat Unexpected Agreement.

Lending 109

Lending Regulation Guidelines FDIC 109

PYMNTS

DECEMBER 11, 2020

With the benefit and unique market view that comes with operating five verticals, OMNi’s super app has been able to do things that standalone businesses couldn’t. It would be hard to think of an aging industry with less growth appeal than operating a bus service, but Aguilar said that’s exactly what drew OMNi into the space.

Industry 270

Industry Capital Operations America 270

PYMNTS

JANUARY 21, 2021

In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 In the home lending segment, the company saw two-thirds of applications done digitally. million during the quarter. Active digital banking users likewise grew 3 percent to 39.3 Earlier in the month, J.P.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

MAY 7, 2018

That intimate level of insight could be a business advantage – if not for the fact that your entire operation runs on cash. Now, Mastercard and Unilever have announced the rollout of a digital lending platform, Jaza Duka (“fill up your store”) for micro entrepreneurs. Determining Creditworthiness. The Long Tail of Benefits.

Lending 101

Lending America System Community 101

Bank Innovation

JANUARY 13, 2017

You might as well call them e-Bank of America and Wells Fargo Digital Bank. respectively, today for the first time released usage numbers for their digital banking operations, and they are eyepopping. Both BofA and Wells, the No. 3 ranked banks in the U.S., BofA got 112 Read More.

America 150

America Digital Banking Operations Online 150

Abrigo

APRIL 18, 2020

“We were able to provide funding for 95% of those customers that completed the application process and were approved internally,” said Andy Hunter, President of SaviBank in Burlington, Washington, another customer of Abrigo’s Sageworks SBA Lending solution. “We Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

Lending 195

Lending Wyoming Maine Nebraska 195

PYMNTS

DECEMBER 1, 2020

Miami-based eCapital said the move will allow it to expand its geographical footprint beyond North America and add to its specialty lending solutions, such as factoring. The company operates offices throughout the U.K. Its customers, up until now, have been largely in the U.S. and Canada.

Miami 151

Miami Lending America Strategy 151

PYMNTS

APRIL 13, 2018

Finch Capital and Fenway Summer Ventures participated in the round, which will bolster the company’s trade finance operations targeting SMBs across Europe. million in new funding to support its operations in Peru and Mexico, according to ImpactAlpha reports. Based in Ireland, Supply Finance landed $4.9 said this week. TravelPerk.

Lending 129

Lending blockchain Capital Software 129

South State Correspondent

APRIL 15, 2024

in assets and $525B market cap), Jamie Dimon emphasizes in multiple ways that the Bank’s focus is on the communities in which it operates. The Bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits. The bank holds the #1 market share for multifamily lending.

Community 195

Community Community Bank Leadership America 195

PYMNTS

FEBRUARY 11, 2019

This new financing will be used to launch OakNorth’s lending operations in the U.S. “We With this financing from SoftBank and follow-on investment from Clermont, we will be able to continue scaling the group’s operations globally,” said Rishi Khosla, co-founder of OakNorth, in a press release. or the U.S.,

US 134

US Lending Analytics America 134

PYMNTS

JULY 21, 2017

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. “Our new small business mobile lending experience delivers a convenient, on-the-go solution to meet the needs of today’s busy entrepreneurs,” said Sharon Miller, the bank’s head of small business banking, in a statement.

Mobile 100

Mobile America Lending Meeting 100

PYMNTS

APRIL 7, 2020

To facilitate lending to small businesses via the Small Business Administration’s Paycheck Protection Program, the Federal Reserve will establish a facility to provide term financing backed by PPP loans. The Fed is also working on a Main Street Lending Facility that is anticipated to help businesses with 500 to 10,000 employees.

Lending 150

Lending Meeting Maine America 150

PYMNTS

MARCH 22, 2017

For instance, “Self-Employed Professionals and Small Business Owners in America: The Rewards and Challenges of Career Independence,” released today (March 22), found that many of the entrepreneurs surveyed plan to stay in this type of employment position. Some of their perceptions of banking is about it not being a great fit for them.

Survey 102

Survey Lending Resources Report 102

Bank Innovation

FEBRUARY 26, 2019

Consulting giant Accenture and cloud banking firm nCino are expanding the scope of their partnership beyond North America to get more financial institutions in the Asia-Pacific and EMEA markets up and running in the cloud.

America 199

America Innovation Marketing Management 199

PYMNTS

APRIL 10, 2019

. “With a rapidly changing payments landscape, we were looking for a payments infrastructure solution that could deliver on our current domestic and international payments needs and support our future growth strategy,” said BancoBASE IT and Operations Director Prudencio Frigolet in a statement. ”

Payments 134

Payments America Technology Operations 134

PYMNTS

JUNE 7, 2019

The company will reportedly use the capital to expand across Europe, though reports noted the potential for growth in Asia and Latin America, considering Tencent’s current investment portfolio in the regions. Biz2Credit. Yellowbrick Data. WorldRemit.

Data 139

Data Capital Analytics Lending 139

PYMNTS

JANUARY 25, 2017

With plans to release the second edition of their Americas study, which will explore alternative finance across North, Central and South America, industry experts plan to add new data to the debate over the resilience of alternative finance. Will 2016 once again present an explosion in alt-lending transaction value?

America 100

America Lending Regulation Regional 100