Remove Capital Remove Digital Strategies Remove Lending
article thumbnail

SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

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
article thumbnail

Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

Lending 115
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Revenue-Based Financing Challenges The Bank Loan Status Quo

PYMNTS

Traditional bank loans remain the undisputed leader in small business lending. by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often the first place small business owners look when in search of capital.

Capital 132
article thumbnail

Using Data in Banking – Get This Framework

South State Correspondent

You don’t have an “internet strategy,” an “insurance strategy,” or a “digital strategy.” Banks like Capital One, for example, have 23% of their employees in some data analytical role. That is not what banks should be doing to start.

Data 195
article thumbnail

FinTechs Link With FIs Down Under And Beyond

PYMNTS

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. With FinTech’s Aid, Lending Down Under. has said it will help form a new lending platform, with debt funding to be provided to Athena Home Loans. As noted in Insurance Business America , U.S.

Fintech 101
article thumbnail

The Co-operative Bank selects Finastra Kondor Cloud for modernized treasury infrastructure

Bobsguide

By moving to the cloud, The Co-operative Bank can pursue continued growth and innovation in the UK market,” said Wissam Khoury, EVP Treasury and Capital Markets at Finastra. “In The Co-operative Bank also uses Fusion Risk for treasury credit risk management and Finastra’s banking technology for payments services. “By

article thumbnail

Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. Instead, it is replacing payday lending as an industry. Just referring customers to capital sources. But Chime is even further removed from any actual capital. No shenanigans.

Capital 52