Bank Innovation

AUGUST 15, 2018

Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016. Over the […].

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Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Abrigo

FEBRUARY 27, 2020

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.

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PYMNTS

NOVEMBER 8, 2018

PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts. ” German SMBs can apply for the working capital from PayPal online via their existing PayPal accounts.

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South State Correspondent

MARCH 3, 2025

Germain Depository Institutions Act of 1982 enabled thrifts to offer money market accounts and expand lending powers, fostering competition with banks. As seen below, many banks and thrifts failed to manage their asset-liability and credit positions and chronically produced under their cost of capital. of C&I lending.

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PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. But there is evidence that investors’ appetite for alternative lending startups is on the wane, even as overall FinTech funding continues to climb — and as the success of the alternative lending market grows, too.

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Abrigo

FEBRUARY 26, 2025

watch webinar Embrace digital banking solutions Modern consumers expect seamless, convenient banking experiences, and the benefits of online/digital account opening are clear. Integrated loan and deposit services , such as online loan applications with deposit account openings for cross-selling opportunities.

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PYMNTS

JANUARY 27, 2020

In the wake of the financial crisis, banks’ pullback from small- to medium-sized business (SMB) lending yielded a flood of technology-driven players stepping in to fill the SMB credit gap. Even as digital-first financing platforms step in, Ott warned that SMBs continue to face obstacles that hamper their ability to access affordable capital.

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Abrigo

JULY 20, 2024

Ready to catch the next wave of lending growth? Commercial and industrial lending (C&I) will be the next big performance driver for banks and credit unions. You might also like this paper on how institutions can produce smarter, faster lending. C&I lending will be the next “bomb.”

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Bank Innovation

MARCH 23, 2018

As mobile wallets and consumer-to-business payments platforms grow in popularity as the preferred payment method among retail shoppers, it seems only natural that merchants should consider digital POS lending or instant financing options as a means to encourage more online purchases. Indeed, they are. Read More.

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PYMNTS

MARCH 6, 2019

PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United Kingdom through its Working Capital program. As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues.

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PYMNTS

APRIL 15, 2019

Online lenders in the U.S. Reuters , citing interviews with half a dozen online lenders, reported the companies are worried that a recession could hit the U.S. It would be a test for many of the online lenders that haven’t lived through an economic downturn. Its also not a guarantee that the economy will enter a recession.

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Bank Innovation

MARCH 23, 2020

are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency U.S. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., government funding.

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Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Lending St. Louis Community Marketing 195

Bank Innovation

MAY 22, 2018

There are quite a few lending solutions these days for small businesses -- Funding Circle, OnDeck, Kabbage, and Square Capital, to name a just a few -- but innovation and digitization are lagging in other areas, such as digital account opening. Enter Gro Solutions, a sales and marketing platform for financial institutions.

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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. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship.

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Bank Innovation

JUNE 27, 2016

Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit. Some of the shine seems to have come off fintech innovation in 2016. Read More.

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Abrigo

APRIL 8, 2020

Automation is key to streamlining PPP loans and getting capital into the hands of small business owners quickly. Many hopeful participants took to Twitter to express frustrations with their primary lenders not lending or including caveats to borrower eligibility. Some have even filed lawsuits. Automate the PPP loans in 48 hours.

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Bank Innovation

SEPTEMBER 7, 2017

EXCLUSIVE—Cloud infrastructure and data analytics are becoming more and more integral to financial services, and Capital One is one bank ahead of the curve. “We We are a very data-driven company, we want to bring the bank to the customer,” Linda Apsley, vice president of data engineering at Capital One, said of the bank’s use of […].

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Capital Innovation Analytics Data 207

Gonzobanker

SEPTEMBER 5, 2024

The two primary issues keeping some lenders from the top of their home equity game are 1) ambiguity in the ownership of their home equity functions and 2) a lack of maturity in their lending systems and processes. Some lenders do a solid job repurposing mortgage lending staff into home equity roles.

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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.

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PYMNTS

APRIL 5, 2019

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. This integration brings us a step closer to our goal of transforming the lending sector by providing timely access to small loans through everyday mobile users.”.

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PYMNTS

MAY 5, 2020

Digital lending marketplace BitX Funding , which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. ” Rowe continued, “ Amazon sellers start off with an Amazon Working Capital Loan, but over time they hit a wall as their growth is capped at $1 million in financing.

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Bank Innovation

MAY 9, 2017

Artificial intelligence and machine learning have found their way into lending. Upstart — a five-year-old online lender — bets you can (and you must). But can we trust robots with loan origination quite yet? In fact, more than 25% of Upstarts current loans are fully automated, Bank Innovation has learned. “We

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PYMNTS

JANUARY 28, 2021

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in which banks hold the upper hand, commercial lending included. But an overwhelming surge in demand painfully exposed traditional banks' biggest shortcomings in business lending.

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Abrigo

NOVEMBER 6, 2019

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. Going digital can help reduce the cost of small business lending and capture more member business loans. Talk to an expert.

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Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Community financial institutions' experience with PPP technology also translates to other areas of lending.

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Bank Innovation

FEBRUARY 23, 2017

Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. The San Francisco-based company processed $13.7 billion in payments in the fourth quarter of 2016, compared with $10.2 billion in the same quarter last year. Read More.

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Bank Innovation

MARCH 30, 2018

Melbourne-based challenger bank Judo Capital will be focusing its efforts on small business banking in Australia, according to banking plans unveiled by the challenger yesterday.

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Chris Skinner

JULY 21, 2017

These companies include firms like Stripe, a six-year-old start-up that is the preferred code for building online checkout services. The reason why they have gained such a valuation is that they have taken something the banks make difficult – setting up online payment services – and made it incredibly easy.

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PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). Capify is an online alternative lender that serves SMBs in the U.K.

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PYMNTS

NOVEMBER 27, 2018

So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. 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.

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Bank Innovation

JULY 19, 2018

Digital lending is becoming an important business even for smaller community banks. Larger banks, which have the resources to build their own technology or buy a fintech provider (KeyBank acquired Bolstr; JPMorgan Chase acquired WePay).

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Lending Community Bank Resources Community 186

Abrigo

APRIL 4, 2020

Once your institution receives approval, new lenders, as well as existing SBA lenders that have not set up an E-Tran account, must be set up in the SBA's Capital Access Financial System (CAFS). Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

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Bank Innovation

APRIL 17, 2018

Santander InnoVentures, the fintech venture capital arm of Spanish bank Santander Group, made an undisclosed investment in Brazilian fintech Creditas. The investment in Creditas, a digital online lending platform, marks Santander’s first venture into the Brazilian fintech landscape.

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PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

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PYMNTS

JANUARY 7, 2021

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks.

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