Remove Distributed Ledger Technology (DLT) Remove Small Business Remove Underwriting
article thumbnail

Credit Unions Find Opportunity In Payments Disruption

PYMNTS

Credit unions are underdogs in a financial services space still dominated by major traditional banks, particularly when it comes to small business (SMB) lending and payments. approved nearly 40 percent of small business loan applications in October (compared to a 28 percent approval rate among big banks).

article thumbnail

Meet the 18 Finalists for the 2024 Global Fintech Hackcelerator

Fintech News

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

FinTech 119
article thumbnail

Augmenting Trust With Technology In Global Trade Finance

PYMNTS

And as financial regulations expand to combat financial crime, many financiers have found trade finance is simply too expensive to underwrite as a result, leading to either higher costs for global traders or banks pulling back from trade finance altogether. But blockchain goes further, said Tarone.

Finance 53
article thumbnail

Can FinTech Walk The FinTalk?

PYMNTS

Now, it’s true that some companies — including some very big names across many important sectors of the economy — are taking measured steps and experimenting with blockchain tech — aka distributed ledger technology (DLT) — in the support of use cases that address tough problems.

FinTech 73