PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In

Finance 114

Finance Underwriting Volume Caps 114

PYMNTS

MARCH 10, 2020

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge.

Underwriting 77

Underwriting Small Business Value Added Service Non-Bank 77

PYMNTS

MARCH 23, 2020

After a long period of pulling back, lenders are finally beginning to find value in financing small- and medium-sized businesses (SMBs). But after years of finding SMBs too unprofitable to finance, lenders have to play catch-up to develop better underwriting processes for greater accuracy and efficiency.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

Finovate

DECEMBER 16, 2024

Capitalise, a business finance platform based in the U.K., has forged a strategic partnership with data and open finance network Plaid. The collaboration integrates Plaid’s open banking services with Capitalise’s Instant Offers to simplify and streamline small business funding. small businesses.”

Small Business 59

Small Business Non-Bank Risk Assessment Finance 59

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. Supply Chain Finance (SCF) offers a flexible solution to optimize working capital and support growth. What is Supply Chain Financing?

Finance 52

Finance Payment APIs and Integration Credit Cards Risk 52

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel.

Finance 92

Finance Small Business Shutdown Credit Union 92

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

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

OCTOBER 19, 2020

Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. And the cost of underwriting a large borrower vs. a small SME was virtually the same.”.

AI 120

AI B2B Underwriting Non-Bank 120

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. the number of, terms of, and types of products in the offering, and more.

Small Business 53

Small Business Underwriting Credit Union Origination 53

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

The Payments Association

MAY 9, 2025

of the business population, they account for over 60% of employment and generate over 2.1 Often, talk around SME finance centres on access to loans. As well explain, it often seems like many of the services taken for granted by bigger businesses are just not there for SMEs. Bridging the SME finance gap requires more than loans.

Finance 88

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

Lending Front

JUNE 15, 2021

Yet for small business loan requests, many lenders are still relying on manual processes to identify worthy entrepreneurs seeking funding. . What would it take to get small business lending up to speed? . And those applicants that do make it through are met with stringent lending criteria that favors large businesses.

Underwriting 52

Underwriting Small Business Federal Reserve Assessments 52

Fintech News

MARCH 17, 2025

From advancements in digital banking and blockchain to AI-driven finance and cybersecurity solutions, these events cover the full spectrum of fintech innovation. One of the most influential fintech events in the world, Money 20/20 Asia gathers C-level executives, innovators, and regulators to explore the evolving digital finance landscape.

FinTech 87

FinTech Cybersecurity AI Financial Inclusion 87

PYMNTS

APRIL 8, 2020

Small businesses overwhelmed U.S. It was a shaky start for the initiative that was designed to ease the pain of the coronavirus pandemic, with small businesses expressing frustration at the “ nightmare ” process of attempting to access a portion of the $349 billion available under the legislation. billion in applications.

FinTech 98

FinTech Small Business Credit Union Payroll 98

PYMNTS

DECEMBER 20, 2018

OnDeck will be adding a new corporate financing product to its offering next year: equipment finance. 19) OnDeck said it will introduce equipment finance loans to certain U.S. In addition to the new product, OnDeck also announced that Mark Erickson joined the company to become its vice president of equipment finance. “I

Finance 52

Finance Small Business Origination Underwriting 52

The Fintech Times

JANUARY 23, 2025

As such, Sandrine Markham , global lead sustainable finance solutions, Finastra , the financial software applications and marketplaces provider, explores the positive impact the corporate lending sector will have on financial well-being. This democratisation of credit access fosters economic growth and resilience.

FinTech 65

FinTech Financial Literacy Cross-Border Online and Mobile Banking 65

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

MAY 22, 2019

Moody’s Corporation is partnering with the Foundation for Small Business Development (FFSBD) to connect small businesses with cash flow forecasting solutions and other financial resources. “Effective cash flow management is essential for every small business in the U.S.,”

Small Business 40

Small Business Advisors Financial Inclusion Underwriting 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.

Payment APIs and Integration 77

Payment APIs and Integration API Small Business Underwriting 77

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. “There are a lot of people popping up and disappearing.”

Small Business 40

Small Business Federal Reserve Underwriting Finance 40

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. Open banking is revolutionizing finance, driven by API standardization and strong security.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

PYMNTS

APRIL 2, 2018

Quarles, the Federal Reserve’s vice chairman for supervision, recently spoke at the HOPE Global Forums Annual Meeting to reflect on the changes endured by the nation’s small business lending market, according to reports on Friday (March 30) in JD Supra. Business owners can receive funds in a couple of days or even hours.”.

Small Business 40

Small Business Fed Financial Inclusion Underwriting 40

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space.

Finance 52

Finance Small Business Federal Trade Commission Cybersecurity 52

PYMNTS

NOVEMBER 16, 2020

Over the years, that surge in competition gave way to a more collaborative spirit between traditional financial institutions (FIs) and FinTechs as both sides worked to digitize and modernize SMB financing. In Canada, one of those alternative players is Thinking Capital.

Technology 115

Technology Payment APIs and Integration Small Business Finance 115

PYMNTS

APRIL 26, 2017

In a press release , nCino said it has enhanced its small business lending functionality by adding online application, underwriting automation and e-signatures, as well as integrated document preparation tools, to allow small businesses to get financing more quickly.

Small Business 40

Small Business Credit Union Automation Underwriting 40

PYMNTS

MARCH 12, 2016

Barreto notes that despite the fact that jobs are shaping up to be a major concern during this election cycle (particularly among Hispanic voters, but among the voting population in general as well), small businesses aren’t getting much play in the primary conversation this year. And for good reason.

Small Business 21

Small Business Non-Bank Economy Underwriting 21

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.”. feel like a second job.”.

Small Business 40

Small Business Payment APIs and Integration Underwriting Value Added Service 40

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

Fintech Finance

JULY 15, 2024

According to the British Business Bank, nearly half (48%) of all UK SMEs with employees sought external finance in 2023, demonstrating the high demand for solutions like Paycorp’s. The post Paycorp Expands Embedded Business Funding into UK appeared first on Fintech Finance.

ATM 105

ATM Credit Risk On-Demand Underwriting 105

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

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

The Fintech Times

MARCH 11, 2025

McManus will also remain as co-chair of the Innovate Finance Unicorn Council. First Internet Bank has added Carlos Torres Jr to its small business administration lending team as vice president, senior business development officer. Torres has over nine years of SBA experience, including lending and credit underwriting.

FinTech 59

FinTech Payment APIs and Integration Online and Mobile Banking Non-Bank 59

PYMNTS

DECEMBER 19, 2018

Online small business lender OnDeck has announced that it will offer equipment finance loans to select U.S. small and medium-size businesses (SMBs) next year. Starting next year, OnDeck will offer its own equipment finance loans, ranging from $5,000 up to $100,000, with terms anywhere from 24 to 60 months.

Finance 44

Finance Small Business Origination Underwriting 44

PYMNTS

SEPTEMBER 7, 2018

Take Udaan , for example, an Indian B2B eCommerce startup that plans to use its latest venture capital raised to introduce business financing and warehousing solutions for its corporate customers. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups.

Finance 46

Finance Underwriting Risk Mitigation B2B 46

PYMNTS

NOVEMBER 30, 2017

This year, Black Friday , Small Business Saturday and Cyber Monday all raised the bar on holiday shopping levels. Tis the season for a surge in spending, especially at small businesses (SMBs). For some businesses, seasonal shifts simply mean winter in the U.S. coincides with a dip in sales and a cash flow crunch.

Small Business 40

Small Business Processors Point-of-Sale (POS) On-Demand 40