Finovate

DECEMBER 16, 2024

Capitalise, a business finance platform based in the U.K., The collaboration integrates Plaid’s open banking services with Capitalise’s Instant Offers to simplify and streamline small business funding. based business finance platform Capitalise has announced a strategic collaboration with fellow Finovate alum Plaid.

Small Business 59

Small Business Non-Bank Risk Assessment Finance 59

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies. Identity spoofing, meanwhile, has increased 20 percent. .

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

FICO

NOVEMBER 29, 2018

Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. However, untapped opportunities for growth remain for startups and minority owned businesses as suggested in SBA research.

Small Business 67

Small Business Credit Union Underserved Community Banks 67

Finovate

APRIL 23, 2024

All three financial institutions announced this month that they are teaming up with small business lending platform JUDI.AI. offers credit unions and community banks an alternative approach to helping small and medium sized businesses secure the funding they need. ” JUDI.AI “What makes JUDI.AI

Credit Union 59

Credit Union Small Business Underwriting Community Banks 59

Lending Front

JUNE 15, 2021

But the reality is that–at the time–credit scores were simply the best thing an insurer could access in order to assess risk. Technology has evolved to provide real-time financial data to institutions, facilitating more accurate assessments of both creditworthiness and risk. There is a correlation , i.e,

Underwriting 52

Underwriting Small Business Federal Reserve Assessments 52

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. CapX noted that Moody’s Analytics’ tool addresses the pain point of lack of access to historical data on small businesses seeking financing.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

M2P Fintech

MARCH 24, 2025

This includes employing machine learning algorithms to automate parts of the loan application and underwriting process, as well as using digital platforms to facilitate communication between borrowers, lenders, and other relevant parties. “One-click” loans become reality through instant credit assessments.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. They never ask what your business is worth.”

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

Fintech Finance

JULY 15, 2024

By leveraging line-by-line transaction data, Recap’s credit risk engine can assess a merchant and return a funding offer in under two minutes without any further underwriting requirements such as a credit check on the owner or management accounts or business bank statements.

ATM 105

ATM Credit Risk On-Demand Underwriting 105

The Fintech Times

MARCH 26, 2024

.” Flood risk Bob Schiller , director of product innovation at insurer SageSure addresses the significant gap in flood insurance coverage by highlighting the role of data in accurately assessing flood risk and facilitating insurers’ adaptation to evolving risks. times more properties that have substantial flood risk.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

Finextra

JUNE 23, 2025

AdviceRobo has pioneered the use of psychometric data, behavioral analytics, and alternative data to assess risk far beyond FICO scores. In insurance , our agents help underwrite policies using behavioral data, making coverage more accessible for underserved or high-risk segments. The ambition?

AI 52

AI Finance Payment APIs and Integration Embedded Finance 52

PYMNTS

OCTOBER 21, 2019

Accounting platforms are increasingly positioning themselves at the center of the small business ecosystem,” he said, adding that this evolution “makes a lot of sense” with many companies considering the accounting portal the “single source of truth” for company finances. feel like a second job.”. Expanding Open Banking’s Horizons.

Small Business 40

Small Business Payment APIs and Integration Underwriting Value Added Service 40

PYMNTS

NOVEMBER 3, 2020

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. They can also assess ongoing credit quality.

Credit Risk 88

Credit Risk B2B Risk ISO 20022 88

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. ” Research released earlier this year from PayNet found that small business lending picked up compared to last year, which Phelan attributed to a strong economy.

Community Banks 53

Community Banks Small Business Risk Assessment Underwriting 53

PYMNTS

DECEMBER 20, 2020

More than a dozen people familiar with details of the $58 billion program and the assessments were in many cases gloomy or worse. Experts warned that the underwriting was weak not only for individuals, but also for corporate borrowers. Borrowers were required to do little to show they were likely to be able to repay them.

Underwriting 80

Underwriting Government Governance Assessments 80

The Fintech Times

JULY 16, 2024

Ensuring UK businesses have access to capital Recap Global leverages transaction data from various payment partners’ ATMs, point-of-sale, and e-commerce platforms to generate truly pre-approved funding in real time.

ATM 96

ATM Transactions Credit Risk On-Demand 96

PYMNTS

JULY 1, 2019

Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business (SMB) borrowers. On average, the company said, credit underwriting can take as long as 30 days to complete. Main Street companies are starving for capital.

Automation 55

Automation Underwriting Small Business Encryption 55

PYMNTS

DECEMBER 17, 2018

Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance. Mercator Advisory Group data released earlier this year found that 27 percent of small businesses in the U.S.

Small Business 78

Small Business Finance Non-Bank Accounts 78

PYMNTS

SEPTEMBER 22, 2020

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data.

Use Case 110

Use Case Payment APIs and Integration Credit Union FinTech 110

PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns.

Returns 43

Returns Underwriting Cross-Border Payments Cross-Border 43

PYMNTS

FEBRUARY 27, 2020

It’s no accident that technology companies that have historically not operated in the financial services space are expanding into the small business lending arena. Banks, relying on thin credit histories of small business borrowers, haven’t been able to meet that need. The Data Of Repayment Habits.

Small Business 72

Small Business Assessments Finance Addressing 72

Fintech Review

MAY 10, 2025

This affects everything from home ownership and business growth to financial inequality. Banks assess creditworthiness using internal models, regulatory guidelines, and risk policies. Many banks avoid lending to small businesses , younger borrowers, or those without formal employment. It is banks and fintech.

Central Bank 52

Central Bank FedWire Push-to-Card Regulations 52

PYMNTS

NOVEMBER 28, 2018

B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). With checks still so heavily in play, small businesses must not only wait to receive a check, but banks often enact a holding period that forces a company to wait even longer to see the funds they’ve been paid.

B2B 67

B2B Small Business Checks Payments 67

The Fintech Times

JULY 30, 2024

By leveraging payment transaction data and providing loan underwriters with real-time credit data, Network International hopes to enable its SME merchants to access new sources of capital. The combination of our payments data with Biz2X’s digital underwriting prowess is a clear advantage to lenders and merchants alike.”

Underwriting 52

Underwriting Risk Assessment Embedded Finance Settlement 52

Stax

MAY 6, 2025

To give you some clarity, here’s a practical guide that answers the most common questions small business owners have about credit card processing. Your payment processor adds a markup to the cost of interchange (and assessment) which is clearly indicated in your statements. billion by 2027exhibiting a 7.8%

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

PYMNTS

JUNE 10, 2020

If users fail to make timely minimum payments, they will be assessed late fees. The deal represents the first time Amazon will let a financial institution make underwriting decisions for its sellers, CNBC reported. consumer business, told the network. The credit availability is not without fees.

Push-to-Card 71

Push-to-Card Underwriting Credit Cards Assessments 71

PYMNTS

JANUARY 30, 2019

In another statement, PayNet President William Phelan said the integration will allow bank customers to “save time evaluating a business’ credit status, and have high-quality data to make more accurate decisions. It’s a competitive advantage and increases access to much-needed credit for qualified small businesses.”

Risk 57

Risk Risk Mitigation Small Business Underwriting 57

PYMNTS

AUGUST 29, 2018

Representative Emanuel Cleaver II (D-MO) has published the initial findings of a probe into the alternative small business lending market in an effort to explore borrower protections, fairness and the possible need for greater regulatory oversight. According to the report, the practice is “exploitative” and “largely unnecessary.”.

Small Business 43

Small Business Underwriting Assessments Process 43

PYMNTS

APRIL 23, 2019

LendingClub, Opportunity Fund and Funding Circle announced on Tuesday (April 23) a collaboration aimed at providing small businesses with more affordable credit. The aim is to expand efficient access to affordable credit for more small business owners. billion by 2023. .

Small Business 46

Small Business Underserved Underwriting Assessments 46

M2P Fintech

APRIL 4, 2025

For small businesses, working capital is essential to keep operations running smoothly. Nearly 70% of Small and Medium-sized Enterprises (SMEs) face financial challenges in this area. Improved Risk Management To assess credit risk accurately, new-age credit stack incorporates advanced algorithms and real-time analytics.

Finance 52

Finance Payment APIs and Integration Credit Cards Risk 52

PYMNTS

MAY 25, 2017

What differs across geographic markets, however, is how small businesses can gain that access. Their latest moves see them working with small businesses in Latin America, the U.S., But, the executives recently told PYMNTS, there are some cases in which running a small business is similar across the globe.

Finance 42

Finance Underwriting Small Business PayPal 42

PYMNTS

JUNE 23, 2017

Alternative lending platform Validus is deploying Visa virtual card technology to help small and medium-sized enterprises in Singapore with unpaid invoices access working capital, according to an announcement Thursday (June 22). Validus operates a platform through which investors can provide financing to SMEs directly.

Commercial Card 55

Commercial Card Small Business Underwriting B2B 55

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Finance 67

Finance Payment APIs and Integration Cross-Border Payments Cross-Border 67

PYMNTS

JUNE 11, 2019

Until recently, these changes rarely impacted the small business (SMB) financial services (FinServ) sphere: Among the biggest challenges for entrepreneurs is accessing bank services that are smaller than enterprise-level offerings, yet more tailored to their needs than consumer-sized options.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

Fintech Labs Insights

OCTOBER 6, 2015

OnDeck (NYSE: ONDK) is a leading platform for small business loans. Using advanced lending technology and analytics, OnDeck assesses small business creditworthiness based on actual operating performance and not solely on personal credit. Since 2007, OnDeck has deployed more than $3B to small businesses nationwide.

Small Business 25

Small Business API Finance PayPal 25

The Payments Association

MAY 9, 2025

Common issues include: Standardised risk assessments that overlook innovative or early-stage firms. However, smaller firms often struggle to qualify due to tight underwriting standards. It demands a modern, inclusive financial architecture built around the real needs of small businesses.

Finance 88

Finance Cross-Border Payment APIs and Integration Real Time Payments 88

PYMNTS

AUGUST 4, 2016

Primarily, Reckon provides small and medium-sized enterprises with cloud accounting solutions, but now, it’s utilizing the data it has about small businesses to its advantage by partnering with alternative lending company Prospa to underwrite loans to its SME users. But in the U.S.

Small Business 40

Small Business Underwriting Regulations Assessments 40