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

APRIL 17, 2020

small businesses hit hard by the coronavirus pandemic. Administered by the Small Business Association (SBA) and processed through financial institutions (FIs), including banks and selected FinTechs, the program offers small- to medium-sized businesses (SMBs) loans worth twice their monthly payroll expenses.

Small Business 59

Small Business Community Banks Non-Bank Payroll 59

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. Through Finli’s digital solutions, financial institutions have a direct path to: Growing non-interest income. Collecting sticky deposits from their small businesses.

Small Business 97

Small Business Credit Union Non-Bank Community Banks 97

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

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. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.

Financial Inclusion 121

Financial Inclusion Underserved Non-Bank Embedded Finance 121

PYMNTS

OCTOBER 4, 2019

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. “With bigger banks, some of them have more software engineers than Google,” he said. The Open Banking Trajectory. “This is an extraordinary thing.

Credit Union 60

Credit Union Community Banks Small Business Non-Bank 60

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

AUGUST 4, 2020

The company, founded in 2009 by chief executive Rob Frohwen , ex-chairman Marc Gorlin and president Kathryn Petralia as a way to provide easy funding for small businesses, has aimed to provide amounts up to $250,000, along with underwriting and service loans. billion to 270,000 applicants.

Small Business 64

Small Business Underwriting Non-Bank Community Banks 64

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. That brings [smaller] banks an immediate string of deposits,” Good said.

Community Banks 46

Community Banks Non-Bank Credit Cards Deposit Account 46

PYMNTS

MAY 30, 2018

Small businesses (SMBs) seeking loans decreased at the end of 2017, and companies felt the sting of financial challenges more acutely. Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. In the 10 years following the financial crisis, the U.S.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 46

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. Now, a decade on, small business optimism is up in the U.S., But a new report from the U.S.

Credit Union 46

Credit Union Small Business Non-Bank Origination 46

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved. Augmenting Legacy Infrastructure. According to Muller, data is often at the heart of this issue.

B2B 84

B2B Innovation Non-Bank Payments 84

Fi911

AUGUST 1, 2023

This is distinct from other customer-centric payment services like Venmo or Zelle in that its implementation hinges on the adoption by banking institutions. This is the inaugural real-time payment system from the US central bank. FedNow is accessible to all banks and credit unions. However, participation is not mandatory.

FedNow 52

FedNow Federal Reserve Instant Payments Zelle 52

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 126

Online and Mobile Banking Treasury Non-Bank Finance 126

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 Non-Bank Small Business 49

PYMNTS

MARCH 9, 2020

At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Many small businesses, too, are struggling to access the bank products they need to survive and thrive, like bank loans and deposit accounts.

Credit Union 75

Credit Union Community Banks Small Business Online and Mobile Banking 75

PYMNTS

SEPTEMBER 27, 2019

Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. Accessibility Beyond Big Banks. Currently, non-banks must collaborate with banks to gain access to U.S. Currently, non-banks must collaborate with banks to gain access to U.S.

Real Time Payments 69

Real Time Payments Fed FedNow Federal Reserve 69

PYMNTS

SEPTEMBER 23, 2016

Nine years after the introduction of the iPhone to the market — and the subsequent great mobile leap forward — the verdict is pretty much in on mobile banking applications: Consumers like it, verging on loving it, and are eager for more of it. Small and medium-sized institutions face a very different situation.

Mobile Banking 82

Mobile Banking Community Banks Non-Bank Consumer 82

PYMNTS

APRIL 22, 2020

small businesses have been waiting on pins and needles for Capitol Hill to determine the future of the Paycheck Protection Program (PPP), and now they’ve gotten their answer. In less than two weeks, all of the money had been allocated to firms that had successfully submitted applications via their banking institutions – about 1.6

Small Business 94

Small Business Non-Bank Credit Union Returns 94

CB Insights

MAY 15, 2019

DBS Bank — DBS Asia X (DAX). DBS launched its Singapore innovation lab to break out of its “traditional banking mindset to think, behave, and deliver more like a technology company,” according to Neal Cross, chief innovation officer. Notable projects: Fidelity Charitable is a public charity that accepts non-cash financial assets.

Innovation 78

Innovation Finance Online and Mobile Banking Blockchain 78

Fintech Labs Insights

SEPTEMBER 1, 2015

Market segments include insurance, banks, telecom, utilities, and property management. additiv develops and implements digital innovations and business models for financial services providers. Alfa-Bank offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending.

Online and Mobile Banking 28

Online and Mobile Banking Card Issuer Credit Union Issuers 28

PYMNTS

APRIL 11, 2019

The top executives of seven of the biggest banks in the U.S. After all, the hearing was titled “Holding Megabanks Accountable: A Review of Global, Systemically Important Banks 10 years after the Financial Crisis.”. Seven up and, depending on how one likes their congressional hearings, less than lucky number seven? The Big Picture.

Non-Bank 63

Non-Bank Online and Mobile Banking Risk Cryptocurrency 63

PYMNTS

APRIL 11, 2019

The top executives of seven of the biggest banks in the U.S. After all, the hearing was titled “Holding Megabanks Accountable: A Review of Global, Systemically Important Banks 10 years after the Financial Crisis.”. Seven up and, depending on how one likes their congressional hearings, less than lucky number seven? The Big Picture.

Non-Bank 40

Non-Bank Online and Mobile Banking Risk Money Laundering 40