PYMNTS

AUGUST 11, 2020

Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. In some cases, NBC News reported, business owners took payments from companies’ bank accounts even after COVID-19 struck.

Lending 237

Lending Regulation Philadelphia New York 237

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS).

Capital 202

Capital Fintech New York City Security 202

Perficient

MAY 26, 2021

In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses. Hans Zandhuis, Head of Ally Lending, Ally. The presentation will occur on June 10 at 4:00 p.m.

Fintech 462

Fintech North Carolina Charlotte Conference 462

PYMNTS

NOVEMBER 30, 2020

Velo Labs, Visa and Lightnet Group will work together on payment offerings targeted at serving the micro, small and medium enterprise (MSME) lending market in Asia, the announcement stated. Velo Labs has unveiled a joint effort with Visa and Lightnet Group to build out payment offerings together in Asia, according to an announcement.

Lending 197

Lending Groups Capital Security 197

PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Capital 178

Capital Tools Lending Community 178

Bank Innovation

FEBRUARY 4, 2020

based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S., the companies confirmed late last month.

Capital 243

Capital US Fintech Company 243

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. Utility account aggregation company Urjanet secured $14.65 Aye Finance.

Capital 288

Capital Lending Cards United States 288

Bank Innovation

APRIL 13, 2018

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Plans for the […].

Lending 223

Lending Marketing Data New York 223

PYMNTS

JUNE 14, 2020

Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to clients, according to a press release. The three companies charged are Richmond Capital Group, Ram Capital Funding and Viceroy Capital Funding.

Company 198

Company Fraud New York Capital 198

PYMNTS

DECEMBER 21, 2020

Like many venture capital companies in the payments space, Serent Capital has had a busy year. The first was the investment in early December of procure-to-pay healthcare payments company Procurement Partners. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million.

Capital 199

Capital Payments Software Fintech 199

South State Correspondent

FEBRUARY 20, 2023

Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. Community banks cannot match software companies or larger banks in spending and IT development.

National 195

National Lending How To Community Bank 195

Abrigo

NOVEMBER 13, 2024

Businesses' working capital cycles are longer. Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience. However, recent data from Abrigo shows that privately held companies across the U.S. This article covers these key topics: Debt-service coverage ratios are steady.

Lending 221

Lending Meeting Data Risk Management 221

PYMNTS

JUNE 16, 2020

Will so-called “zombie companies” soon do the same to parts of the U.S. Zombie companies are those that remain in business but are so deeply in debt that they’ll never catch up. All of those billions of dollars for fresh capital will mean that zombie companies can keep funding operations for now. In an age where U.S.

Company 214

Company US Policies Course 214

Perficient

MARCH 19, 2021

The largest program announced, dollar-wise, by the Treasury Department was the creation and funding of the Emergency Capital Investment Program (ECIP). Emergency Support and Minority Lending Program: a $1.75 billion program to expand lending, grant making, or investment activity in low/moderate-income minority communities.

Community 309

Community Capital Lending US 309

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

FEBRUARY 23, 2020

Payment company PayPal is looking at small business credit as a new field of opportunity. The company is championing a national digital framework in Australia that would speed up the processes used to verify customers. The company has now loaned more than $500 million to 7,000 Australian companies, officials said.

Lending 226

Lending Fintech National Strategy 226

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. While investors are increasingly cautious and focused on an investment's potential for downturn protection, investment capital remains abundant. CRE Lending. Lending & Credit Risk. Lending & Credit Risk.

Lending 195

Lending Trends FDIC Survey 195

Independent Banker

APRIL 30, 2022

Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. anticipates a low double-digit increase in its commercial lending in 2022. Quick Stat.

Lending 158

Lending Community St. Louis Community Bank 158

South State Correspondent

MAY 22, 2024

In this article, we highlight the state of the bank commercial real estate office lending sector and make an argument about why banking might be better off than most analysts think. The State of Office Lending Risk – Traffic 2024 will mark the fifth consecutive year where office demand has declined.

Lending 195

Lending Marketing Philadelphia San Francisco 195

Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. And congrats to Jonathan Corr and the team at Ellie Mae for what appears to be a doubling of revenue for a mature company in that same period.

Lending 158

Lending Fintech Analytics UX 158

PYMNTS

JANUARY 19, 2021

Euro area banks have scaled back lending in order to shield against risk, a new European Central Bank (ECB) survey says. The banks' continued reticence on lending reflects the uncertainty still present in the economy due to COVID-19, including various government lockdowns and spikes in case counts.

Lending 173

Lending Survey Capital Marketing 173

PYMNTS

AUGUST 21, 2020

Historically, wealthy citizens have gotten around this through foreign investments in real estate and other assets, sometimes even using shell companies to carry out investments,” the survey said. It’s highly unlikely that all of this is capital flight,” Chainalysis said in the report.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

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 Fed is authorized by the Treasury to provide up to $600 billion in loans to companies with less than 15,000 people, or an annual revenue of less than $5 billion.

Maine 195

Maine Lending Regulation Resources 195

Bank Innovation

MAY 31, 2017

But new businesses are often multi-jurisdictional from day one, multi-platform and technically sophisticated in everything from equity capital to treasury to accounting and payroll software. It means that the banking experience that these companies require can no longer be serviced by their banks alone and they are looking elsewhere.

Capital 316

Capital Lending Data Operations 316

PYMNTS

JULY 24, 2020

Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported. Online lending has brought about a number of complications in Kenya, with digital loans reportedly leading rising personal debt for users in the country.

Lending 157

Lending National Mobile Online 157

Abrigo

SEPTEMBER 1, 2020

Now, many of the nearly 5,500 SBA-approved lenders that are participating in the PPP are weighing the option of leveraging that technology to continue to provide SBA lending after PPP. Leveraging tech for SBA lending after PPP. Or, they might wonder whether it’s too late to start 7(a) lending if they’ve never done it before the PPP.

Lending 195

Lending Risk Management Technology Survey 195

Abrigo

SEPTEMBER 1, 2020

Now, many of the nearly 5,500 SBA-approved lenders that are participating in the PPP are weighing the option of leveraging that technology to continue to provide SBA lending after PPP. Leveraging tech for SBA lending after PPP. Or, they might wonder whether it’s too late to start 7(a) lending if they’ve never done it before the PPP.

Lending 195

Lending Training Technology Survey 195

Bank Innovation

DECEMBER 6, 2017

The six companies were chosen from among a wide array of applications from across the globe. Here are the five companies of Class 4 of INV Fintech: Bloxable: Bloxable provides decentralized solutions for lending origination and the securitization of mortgages […].

Fintech 315

Fintech Lending Company Capital 315

PYMNTS

JULY 7, 2020

After industry consolidation and a leveling-out of venture capital interest, alternative SMB lending remains a strong market, though just like traditional banks, it has also faced new lessons as a result of the current market. “It comes in waves, there’s no doubt about it,” he said about the alt-lending boom.

Lending 171

Lending Industry Fintech UX 171

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Integrating directly into core technology means even deeper automation, the companies noted.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. with total funding nearly reaching $391.25 million this week. earlier this year.

Fintech 251

Fintech Capital New Jersey Payments 251

Chris Skinner

JULY 21, 2017

What we are seeing is many new companies launching capabilities built upon the latest internet-enabled technologies. Hundreds of companies offering thousands of services that are simple and easy for sending and receiving money. These companies have names like Zopa, Smartypig, Nutmeg, etoro and have fun branding and cool offices.

Fintech 361

Fintech System Technology Apple 361

PYMNTS

NOVEMBER 6, 2020

Davies , head of lending at Figure, will spearhead the firm’s initiatives to get a bank charter from the OCC and he will become the Figure Bank chief executive officer, according to Cagney. Davies served as CitiMortgage’s chief executive officer and Citibank’s head of global mortgage in addition to Capital One’s president of home loans.

National 163

National blockchain Lending Regulation 163

PYMNTS

SEPTEMBER 14, 2020

New Chinese finance rules will force Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to a report from The Wall Street Journal (WSJ). As of June 30, the company had 71.4 1, and will have to apply for a license to do so. billion yuan ($10.4

Groups 161

Groups Company Regulation Lending 161

Bank Innovation

JANUARY 3, 2018

The founder of online lender, SoFi, who was ousted by his board just a few months ago amid sexual harassment allegations, is already working starting a new company. According to reports, Mike Cagney is looking to start another fintech firm with his wife, June Ou, for which he is looking to raise about $25 million. […].

Fintech 236

Fintech Company Online Report 236

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. SPACs, or shell companies created solely for the purpose of helping startups go public, have emerged as a primary way for companies to invest.

Report 269

Report San Francisco Lending America 269

PYMNTS

JULY 3, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. PYMNTS breaks down the companies that did manage to secure funding, below. With a combined $43.3

Capital 161

Capital Fintech Security Operations 161