PYMNTS

APRIL 3, 2020

Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. Mnuchin said in a tweet , “#PPPloan now over $875,000,000 processed almost all from community banks!

Community Banks 61

Community Banks Process Small Business Non-Bank 61

PYMNTS

MARCH 6, 2020

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.

Community Banks 69

Community Banks Small Business FinTech Automation 69

PYMNTS

JUNE 26, 2020

The first half of 2020 has been rough on small businesses of all kinds, whether they had to close their doors due to public-health orders or had to relocate their staff to working from home virtually overnight. It’s required lots of on-the-spot innovation as firms had to massively rethink their operations from the ground up.

Small Business 70

Small Business Payments Online and Mobile Banking Contactless Payments 70

PYMNTS

JANUARY 24, 2019

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. ICBA Bancard’s 1,600 community bank customers have issued more than 7.3 ICBA Bancard’s 1,600 community bank customers have issued more than 7.3

Community Banks 62

Community Banks EMV Chip Cards Contactless Payments 62

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

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Banks 62

Community Banks Online and Mobile Banking Credit Union Caps 62

PYMNTS

JANUARY 9, 2018

As this trend unfolds, though, there is another player in the small business lending space that still stands to disrupt the industry even if it isn’t grabbing as many headlines. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. “Now, small businesses are stepping in to get a piece of the pie.”

Community Banks 53

Community Banks Small Business Risk Assessment Underwriting 53

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

Payments Source

JANUARY 23, 2018

Much like small businesses, small banks can't take on huge IT projects and rely more on targeted deployments to build a user base for future technology.

Community Banks 75

Community Banks Digital Payments Small Business Payments 75

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

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

Finextra

JUNE 2, 2024

Rural, thrift and community banks are where large numbers of people and small businesses find access.

Community Banks 59

Community Banks Small Business 59

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

Finovate

JUNE 10, 2025

. “Through this partnership, we’re empowering community lenders nationwide to maintain rigorous underwriting standards while drastically improving operational efficiency and insight. In a statement, Parlay noted that it also has intensified its relationships with banks in the JAM FINTOP network. .”

Finance 59

Finance Security Underwriting Small Business 59

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

Bank Automation

MARCH 25, 2025

Community banks could have an advantage among millennial small business owners if they can compete with the tech initiatives of larger institutions.

Community Banks 45

Community Banks Small Business Automation Product 45

PYMNTS

OCTOBER 11, 2017

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. According to the report, small business lending at community banks dropped by 2.2

Community Banks 43

Community Banks Federal Reserve Fed Small Business 43

PYMNTS

SEPTEMBER 26, 2019

“Advanced technology is raising the stakes of how CUs should operate, with members now demanding the instant payments and slick mobile interfaces that large banks and FinTechs have made standard,” the Tracker stated. One of the largest opportunities is in small business lending.

Credit Union 43

Credit Union Small Business Online and Mobile Banking Legal 43

Electronic Payments Coalition

MARCH 12, 2025

This is exactly why the Durbin-Marshall Credit Card Bill is strongly opposed by a diverse and wide-ranging set of organizations and industries, including labor unions, small business owners, financial institutions including credit unions and community banks, policy institutes, trade associations, think tanks, and airlines.

Credit Cards 52

Credit Cards Credit Union Community Banks Small Business 52

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 ” JUDI.AI

Credit Union 59

Credit Union Small Business Underwriting Community Banks 59

Lending Front

FEBRUARY 22, 2021

If JPMC is scared about the growth of Fintech, your community bank certainly should be, especially when it comes to business lending. . Fintechs are changing the rules of the game and forcing financial institutions with more traditional small business lending practices to evolve. More efficient lending practices.

Credit Union 52

Credit Union Community Banks FinTech Processors 52

PYMNTS

JULY 31, 2017

A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for SME borrowers. The research, published last week, found that there are more aspects to small business banking than borrowing money that are frustrating SME customers.

Small Business 45

Small Business Online and Mobile Banking Community Banks Non-Bank 45

PYMNTS

APRIL 2, 2019

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

Community Banks 46

Community Banks Payment APIs and Integration FDIC Mobile Deposit 46

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

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

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. With the Big 5 banks, on the outside, they look great with a lot of products and services," said Shah.

Credit Union 77

Credit Union Small Business Community Banks Volume 77

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

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

PYMNTS

JUNE 25, 2019

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Its takeover of Seed strengthens its position in the small business FinTech market.

Community Banks 46

Community Banks Acquirers FDIC Small Business 46

Lending Front

MAY 27, 2025

For decades, the Community Reinvestment Act (CRA) has served as a guiding framework to ensure banks meet the credit needs of all segments of their communities particularly low- and moderate-income (LMI) individuals and small businesses. But regulators and the communities banks serve are rapidly raising the bar.

Compliance 52

Compliance Technology Underserved Federal Reserve 52

The Paypers

DECEMBER 4, 2020

ZSuite Technologies , a financial technology company offering digital tools that help small businesses and individuals automate collection of recurring payments and manage security deposits, has partnered with US-based BAC Community Bank (BAC).

Community Banks 44

Community Banks Small Business Automation Security 44

PYMNTS

JANUARY 27, 2021

Digital payment and banking technology provider i2c on Wednesday (Jan. 27) announced partnerships and product launches with Archa , Community Bank of the Chesapeake (CBTC) and Credit Sesame , according to a press release. The company wanted to solve the problem of banks not underwriting corporate cards for small businesses.

Product 111

Product Process Community Banks Small Business 111

PYMNTS

MAY 31, 2018

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. Joint efforts from community banks are reportedly picking up steam.

Community Banks 41

Community Banks FinTech Non-Bank Small Business 41

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

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.

FinTech 98

FinTech Small Business Credit Union Payroll 98

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