PYMNTS

APRIL 23, 2020

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. LendingTree. Fresno First Bank. Funding Xchange, Experian.

Fresno 142

Fresno Regional Fintech Lending 142

PYMNTS

MARCH 7, 2019

While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting. How PSD2 is Changing Lending in the U.K. For more on the security and privacy issues surrounding these regulations, visit the Tracker’s News & Trends section.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

JANUARY 2, 2020

The funding will be used to introduce B-North’s regional “Lending Pods” across Manchester in the second quarter of 2020. The strength of investor response is testament to the B-North offering, and the quality and efficiency of lending that we can deliver to help [SMBs] fulfill their potential, thereby driving the U.K.

Lending 131

Lending Regional Study Fintech 131

American Banker

JANUARY 17, 2020

Total loans at Regions Financial fell slightly last year, but executives say a shift in consumer lending priorities and more aggressive C&I lending will start to pay off this year.

Regional 54

Regional Lending 54

PYMNTS

DECEMBER 11, 2020

We did more loans in a two-month period than we did in 10 years of SBA lending combined," he said. "We Historically, traditional business lending is based on historical financial performance," he said. This not only helps FIs with their own lending processes, but can also enable small businesses to begin to look into their own futures.

Lending 233

Lending Capital Resources Taxes 233

TheGuardian

NOVEMBER 30, 2022

A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but that the system should be able to absorb the impact.

Lending 84

Lending Regulation Regional Industry 84

PYMNTS

APRIL 12, 2017

The latest example of this comes from Regions Bank at its corporate headquarters in Birmingham, Ala. Prior to joining the Regions Bank community, Duggirala served as the CTO of Kabbage, a small business lender. While at Kabbage, Duggirala was responsible for moving the ball forward on the company’s lending platform scalability.

Regional 100

Regional Fintech Leadership Resources 100

PYMNTS

JANUARY 2, 2020

Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending license from California. Afterpay released a statement confirming approval of its own California lending license six weeks ago, upping its shares by 4.6 The company offers U.S. ”

CA 130

CA Lending California Minnesota 130

Bank Innovation

APRIL 8, 2016

Regions Bank teamed up with online marketplace lender Avant Inc. Beginning in the second half of 2016, customers can apply for an unsecured loan on the Regions Bank website through the Avant platform, which will carry Read More.

Regional 150

Regional Online Company Lending 150

Bank Innovation

JULY 20, 2016

Regions Financial Corp. The Regions-Avant partnership was announced last April. is using its upcoming Avant deployment as an opportunity to “refresh” its digital offerings. “[W]e’re in the process even Read More.

Regional 150

Regional Online Company Lending 150

American Banker

FEBRUARY 1, 2024

With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.

Regional 81

Regional Capital Compliance Lending 81

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. The regional bank also noted growing interest among smaller FIs to embrace the bank-FinTech collaboration trend.

Lending 194

Lending Risk Management Fintech Community 194

American Banker

JANUARY 19, 2024

During the fourth quarter, flat lending and higher deposit costs weighed down the company's net interest income. The Alabama bank's executives said commercial borrowers remain cautious amid high rates and economic uncertainty.

Alabama 81

Alabama Regional Lending Company 81

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Drive faster lending decisions. throughout the loan process. Get started.

Lending 150

Lending Analysis Taxes Data 150

American Banker

MARCH 11, 2024

But the nation's largest banks still have structural advantages, and the regionals remain hampered by their real-estate heavy portfolios and the continuing impact of high interest rates. Midsize lenders have largely defied the most dire predictions following Silicon Valley Bank's demise.

Regional 81

Regional National Lending 81

American Banker

JANUARY 24, 2024

The Oklahoma-based regional bank expects 6%-7% loan growth in the year ahead. Executives are also projecting that net interest income will start to improve after the metric hits a trough early this year.

Oklahoma 87

Oklahoma Lending Regional 87

PYMNTS

JUNE 4, 2019

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Last month, the government took control of a struggling regional bank, Baoshang Bank, marking the first such event in more than two decades.

Regional 100

Regional Community Bank Community Policies 100

American Banker

APRIL 19, 2024

The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.

Regional 53

Regional Alabama Fraud Lending 53

Abrigo

OCTOBER 27, 2014

As American Banker reported last week, nearly a dozen regional banks saw scattered growth in their loan portfolios as part of the Q3 filings. bank and credit union, on total loan growth quarter over quarter paint a picture of the state of bank lending leading up to the third quarter. Source: Sageworks Bank Information. As the U.S.

Lending 247

Lending Report Trends Community 247

PYMNTS

SEPTEMBER 25, 2017

Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG analysis. The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks.

Lending 100

Lending Regional Analysis Survey 100

CFPB Monitor

AUGUST 15, 2023

A Texas credit union and two credit union trade associations have been granted leave to intervene in the lawsuit challenging the CFPB’s final small business lending rule (Rule) that is pending in a Texas federal district court.

Texas 78

Texas Lending Kentucky National 78

Abrigo

FEBRUARY 24, 2015

And just as in mortgage lending , credit unions are seeing a bigger piece of the consumer loan pie. credit union auto lending portfolios are faring. Across the country used vehicle loans nearly doubled their new counterparts by lending volume. Regionally, the rocket-like momentum remains clear.

Lending 150

Lending Alaska Regional Indiana 150

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. Specifically for businesses, are commercial loans on the rise? Nationally, the picture is a fine one.

Lending 186

Lending South Carolina Miami Community Bank 186

PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. 22) a strategic investment from PayPal.

Lending 193

Lending Company Marketing Regional 193

PYMNTS

MARCH 19, 2019

However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. Private firms rely on shadow lending, since state-owned banks favor lending to government-controlled companies. Of those defaults, private groups comprised more than ¥16 billion.

Lending 100

Lending Regulation Maine Regional 100

PYMNTS

JULY 28, 2017

the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. According to a news report in Reuters , citing an internal memo, with the restructuring, Wells Fargo will phase out 57 regional offices in the U.S. and get rid of the regional manager positions in the impacted offices.

Lending 100

Lending Arizona Regional Texas 100

The Financial Brand

DECEMBER 6, 2023

This article Regional Banks Need to Prepare Now for More Earnings Pressure in 2024 appeared first on The Financial Brand. Players like Citizens, PNC and Huntington will see stiffer conditions on both the lending and deposit sides.

Regional 35

Regional Branding Lending Banking Trends 35

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. regional bank executives were gearing up for a bumper year, according to Bloomberg. Bancorp , the largest regional bank in the U.S.,

Lending 100

Lending Taxes Rhode Island Regional 100

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

PYMNTS

DECEMBER 20, 2017

Wells Fargo has announced that Mary Mack will lead its consumer lending unit. The consumer lending unit includes student lending and personal lines of credit businesses, as well as two businesses that are undergoing regulatory scrutiny: mortgage and auto lending.

Lending 108

Lending Retail Training Regional 108

Banking Exchange

NOVEMBER 19, 2019

For community and regional banks one area that remains largely untapped is commercial lending Community Banking Feature Feature3 Bank Performance The Economy Management Financial Trends Lines of Business Technology Retail Banking.

Lending 60

Lending Trends Community Bank Regional 60

PYMNTS

APRIL 3, 2018

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). While private investors have been generous in financing lending startups, IPOs have been scarce in recent years because of rising defaults among borrowers, as well as increased competition.

Lending 116

Lending Fintech Atlanta Capital 116

PYMNTS

OCTOBER 2, 2018

We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. Avant launched its first bank partnership with Alabama-based Regions Bank in 2016, using its SaaS product.

Lending 134

Lending Alabama Online System 134

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

SEPTEMBER 12, 2018

In its monthly Small Business Lending Index, released Tuesday (Sept. When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement.

Lending 102

Lending Community Bank Taxes Community 102

CB Insights

JULY 12, 2022

Consumer-facing finance company SoFi has traditionally been known for its lending services. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “f5ac5e14-d854-4e7f-b21f-53e00d11648c” }); Want the full post? onFormReady: function ($form) {. hbspt.forms.create({.

Lending 84

Lending Strategy Company Regional 84