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

PYMNTS

JANUARY 9, 2018

While marketplace lending platforms and alternative finance players first surfaced to compete with traditional financial institutions (FIs), many large banks have now realized that collaborating with these companies is the way to better service SMBs — and without the added investment in developing proprietary systems.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

Finovate

JULY 31, 2024

Loan intelligence system company Parlay will join Mastercard’s Start Path Small Business program. Parlay’s technology complements a bank’s or credit union’s loan origination system to streamline and enhance small business loan processing. Parlay is one of eight companies selected.

Small Business 59

Small Business Visa Credit Union Underwriting 59

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. A Consolidating Industry. Strengthening SMB Ties.

Community Banks 49

Community Banks Faster Payments Federal Reserve Small Business 49

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. MOXY Bank, for example, aims to introduce corporate treasury management services, as well as offerings for small business (SMB) owners.

Community Banks 49

Community Banks FDIC Small Business Non-Bank 49

PYMNTS

OCTOBER 16, 2017

Last week, P2Bi announced the rollout of a new partnership program that enables community banks to participate in its small business loan marketplace. Community banks are typically a better bet for small businesses in search of a loan, with approval rates higher than those at larger financial institutions.

Community Banks 44

Community Banks Small Business FinTech Federal Reserve 44

PYMNTS

NOVEMBER 25, 2020

Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Plus, Zact introduces its expense management solution, Monit adds new small business Banking-as-a-Service features and Plaid teams up with Jack Henry.

B2B 91

B2B Finance NOV Payments 91

PYMNTS

JANUARY 20, 2020

Community banks are often the familiar faces of the financial services world, and when small businesses seek capital, their neighborhood financial institution can be a promising place to start. We’re trying to turn community members into community bankers,” he said, “and allowing them to vote with their wallet.”.

Community Banks 44

Community Banks Small Business Due Diligence Regulations 44

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

PYMNTS

OCTOBER 19, 2017

18) suggests that small businesses (SMBs) are likely to reduce borrowing activity in the second half of 2017. Researchers surveyed 1,176 businesses. The report also found that demand for capital among small businesses has dropped more than 10 percent in the third quarter compared to the second quarter.

Small Business 47

Small Business Community Banks Finance Credit Cards 47

PYMNTS

JULY 3, 2019

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too. They’re very disciplined on credit and interest rate risk,” he said.

Community Banks 46

Community Banks FinTech Small Business Risk 46

PYMNTS

APRIL 8, 2020

Small businesses overwhelmed U.S. When the program went live on Friday (April 3), only two FIs, Bank of America and JPMorgan Chase, had been able to begin accepting applications — Bank of America saw a whopping $6 billion worth of applications in only a few hours, ending Friday with $32.6 billion in applications.

Small Business 98

Small Business FinTech Credit Union Payroll 98

PYMNTS

NOVEMBER 17, 2017

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities.

Community Banks 46

Community Banks Credit Cards Non-Bank Small Business 46

PYMNTS

MARCH 12, 2018

Chamber of Commerce is voicing its support for legislation that would ease regulatory burdens for the nation’s community banks in an effort to improve access to funding for small business borrowers. According to reports, the Senate is expected to pass the legislation this week.

Community Banks 44

Community Banks Small Business Rules Payroll 44

Finovate

JANUARY 13, 2025

FinGoal and DeepTarget have teamed up to enable community banks and credit unions to convert transaction data into actionable insights. A newly announced partnership between FinGoal and DeepTarget will help community banks and credit unions convert transaction data into actionable insights and potential revenue opportunities.

Credit Union 52

Credit Union Community Banks Transactions AI 52

Payments Source

AUGUST 14, 2019

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

Small Business 67

Small Business Fed Finance Federal Reserve 67

PYMNTS

JULY 15, 2016

Small community banks may not have the ample resources that Wells Fargo or Bank of America have to develop high-tech, experimental solutions internally. At least, Seacoast Bank VP and Digital Project Manager Jeff Lee and CEO Denny Hudson believe so. ” Florida-based Seacoast Bank has $3.5

Community Banks 40

Community Banks Small Business Online and Mobile Banking Remote Deposit Capture 40

FICO

DECEMBER 18, 2018

There is an art to small business and commercial and industrial (C&I) lending. Underwriters across the financial spectrum of banks, credit unions, and independents do a great job of mitigating risk when dealing with large, complex lending requests. Expedite the process and manage risk with analytics.

Small Business 53

Small Business Underwriting Credit Union Origination 53

Fintech Finance

JUNE 11, 2024

It provides financial institutions with the tools necessary to increase their competitive advantage and satisfy and retain their small business clients. Collecting sticky deposits from their small businesses. Finli supports its customers with a range of tools to serve their small business clients.

Small Business 97

Small Business Credit Union Non-Bank Community Banks 97

PYMNTS

AUGUST 10, 2020

Despite government initiatives to connect small businesses to capital as quickly as possible, the U.S.’s Even as small businesses are able to access capital, it’s often not enough to endure the ongoing market volatility and uncertainty. Traditional bank loans aren’t always easy to access, either.

B2B 52

B2B Finance Small Business Third-Party Service Provider 52

PYMNTS

AUGUST 24, 2018

A lack of access to funding may have opened the doors for alternative finance, but AltFin’s ability to quickly innovate and provide digital services — often faster than traditional banks could — means that online lending platforms have been able to compete and gain traction.

Small Business 40

Small Business Federal Reserve Underwriting Finance 40

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. Jack Henry Links FIs to AR Finance Offering. Yes Bank Woes See API Disruption. Yet maturation is low.

Payment APIs and Integration 77

Payment APIs and Integration API Small Business Underwriting 77

PYMNTS

MARCH 9, 2020

Consumers aren’t the only ones struggling to cope with the lack of a bank presence in their communities, forcing them to use expensive non-bank financial products like money transfer and check-cashing services. and abroad , the drive toward open banking will only be successful if it keeps the end-user as the priority.

Credit Union 75

Credit Union Small Business Community Banks Online and Mobile Banking 75

FICO

OCTOBER 2, 2019

Currently, small banks and credit unions only have 9% of all small business loans under $100,000. I would like to examine what I think ‘small banks’ (community banks, regional banks, and credit unions) can do to capture more market share of the small business lending market.

Small Business 40

Small Business Credit Union Federal Reserve Community Banks 40

PYMNTS

JUNE 28, 2016

Small businesses have a multitude of options when they need external financing. There are the traditional routes, like small business bank loans, and then there are the alternative and online lending sources. Demand For External Financing. Sources of External Financing.

Finance 42

Finance Small Business On-Demand Credit Cards 42

PYMNTS

OCTOBER 12, 2017

Just days after the Federal Reserve released a report highlighting the changing role of small business loans at community banks, the latest Biz2Credit Small Business Lending Index published, suggesting small and medium-sized business (SMB) lending at small banks remains strong.

Federal Reserve 43

Federal Reserve Small Business Community Banks Fed 43

PYMNTS

FEBRUARY 2, 2020

Small business bond marketplace SMBX and taproom and eatery Degrees Plato are partnering to introduce Degrees Plato’s Small Business Bond offering, the firms announced Friday (Jan. The offering is structured so that the community can put as little as $10 directly into the business.

Small Business 52

Small Business Community Banks Finance Transactions 52

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. It’s a trend that starkly contrasts with continued growth in small and medium-size business (SMB) finance in the U.S., Geopolitical volatility in the U.K. and the U.K.

Small Business 57

Small Business Volume On-Demand Finance 57

PYMNTS

APRIL 2, 2019

s Labour Party would turn some post offices into bank branches, with policymakers pointing to the need to broaden access to financial services for small businesses. Turning as many as 3,600 post offices into Post Bank branches could address the issue of declining bank locations. A proposal under the U.K.’s

Posting 59

Posting Small Business Community Banks Blocks 59

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. The verdict, overall, is quite good: Small business optimism is, again, at new heights. dollar, commodities pricing and the U.S.

Small Business 57

Small Business Online and Mobile Banking Credit Union Laws 57

PYMNTS

JUNE 6, 2019

bank branches in 2017, and some are concerned that, as the trend continues, small business (SMB) owners will not have access to the in-person services that a customer relationship manager (CRM) can provide. Curt Queyrouze, president of digital-only TAB Bank , is clear about his position on the topic.

Small Business 57

Small Business On-Demand Finance CRM 57

PYMNTS

JULY 31, 2019

The company revealed that David Kowach has been named head of Community Banking, while Jim Hays has come onboard as president and head of Wells Fargo Advisors. Andy Rowe is Enterprise Customer Excellence executive, and Elli Dai has been hired as Small Business and Personal Lending Group executive.

Advisors 59

Advisors Community Banks Small Business Regulations 59

The Fintech Times

APRIL 9, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.

Financial Inclusion 121

Financial Inclusion Underserved Non-Bank Embedded Finance 121

PYMNTS

SEPTEMBER 12, 2018

Small businesses’ access to traditional loans continues to grow as loan applications at big banks reached new heights last month, the latest Biz2Credit data showed. In its monthly Small Business Lending Index, released Tuesday (Sept. 11), Biz2Credit found that big banks in August approved 26.5

Small Business 40

Small Business Community Banks Credit Union Economy 40

PYMNTS

OCTOBER 9, 2018

A PwC poll released in May, surveying 3,000 corporate finance executives, found that nearly half remained in the assessment phase of adopting revenue-recognition standards, while one-third were still remediating known issues. ” Small Businesses, Banks Affected. “They want to see that things are under control.”

Accounts 61

Accounts Community Banks Small Business Credit Union 61

PYMNTS

JUNE 18, 2018

Loan approvals for small business borrowers in the U.S. Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. percent decline in shares at large banks , coinciding with a 7.8 percent in May, down from 40.2

Small Business 44

Small Business Community Banks Credit Union Caps 44

PYMNTS

JANUARY 19, 2017

For community banks, there’s power in numbers. According to the Independent Community Bankers of America (ICBA), a trade group that advocates on behalf of about 6,000 community banks of various sizes in the U.S., trillion in loans to consumers, small businesses and farmers. trillion in assets.

Community Banks 59

Community Banks Online and Mobile Banking Research Compliance 59