PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

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

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

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

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 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 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

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

Lending Front

MAY 11, 2021

By now, it’s common knowledge that small businesses were hit hard by the pandemic. But not all business owners struggled equally—or received equal access to the resources that helped them stay afloat. Small businesses are America’s backbone. Small banks play a big role in community-building .

Community Banks 52

Community Banks Small Business Federal Reserve Non-Bank 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

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

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

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

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

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

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

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

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

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

DECEMBER 27, 2019

Open banking wasn’t the only disruptive trend for SMB financial services this year. With bigger banks, some of them have more software engineers than Google,” explained Mark Rockefeller, StreetShares co-founder and CEO, in PYMNTS’ September Credit Union Tracker. An Evolving Landscape. In the U.S., This is an extraordinary thing.

Small Business 53

Small Business Payment APIs and Integration Credit Union Underserved 53

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

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

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

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

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

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. faster payments system.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

Finovate

SEPTEMBER 4, 2024

.” The Jack Henry/Moov collaboration comes at a time when an increasing number of regional and community banks, as well as credit unions, are seeking ways to better serve their small business customers. Only 18% bank at a smaller financial institution.

Payment APIs and Integration 59

Payment APIs and Integration Credit Union Reconciliation Payments 59

PYMNTS

AUGUST 24, 2018

There are ways, however, that traditional financial institutions (FIs) still beat out alternative players, especially when it comes to the relationship between small business (SMB) owners and financial service providers. “It’s cool for us, because we have a better choice of who we get to work with in terms of customers.

Small Business 40

Small Business Federal Reserve Underwriting Finance 40

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 83

Small Business Credit Union Non-Bank Community Banks 83

Payments Source

APRIL 21, 2020

The SBA’s Paycheck Protection Program is nearly depleted, but there are ways small banks and fintechs, with help from Congress, can remedy the situation.

Small Business 70

Small Business FinTech Community Banks Economy 70

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

Finovate

MAY 7, 2024

Sarah is capable of doing the work of a 30-person lending team, guiding hundreds of small business owners through loan application processes. Banks, community banks, credit unions, and non-bank lenders. Put the two together for a 30x step change for the industry. Who’s it for?

Credit Union 52

Credit Union Non-Bank Community Banks AI 52

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. “This is an extraordinary thing. ” Of the thousands of these players operating in the U.S.

Credit Union 60

Credit Union Community Banks Small Business Non-Bank 60

Finovate

SEPTEMBER 3, 2024

Asset managers, retirement players, insurance companies, banks, private equity funds, and employers. Cyphr LoanReady by Cyphr is a tool that complements Loan Origination Systems and helps community banks and credit unions get more small businesses approved for loans with readiness screening or empathetic declines.

Credit Union 52

Credit Union Community Banks Compliance Automation 52

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

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. Regional Banks, Credit Unions Compete. ”

Credit Union 75

Credit Union Community Banks Small Business Online and Mobile Banking 75