The Fintech Times

JANUARY 20, 2025

The new proposal will allegedly strengthen FDIC-insured depository institutions’ (IDI) recordkeeping for custodial deposit accounts with transactional features. It would also preserve beneficial owners’ and depositors’ entitlement to the protections afforded by Federal deposit insurance.

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FDIC Regulations Innovation FinTech 104

PYMNTS

MARCH 19, 2020

The bank will extend small business loans and deposit accounts, Square said in a statement. “We It will be a Square subsidiary and will work independently.

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FDIC Deposit Account Underserved Small Business 110

Fintech News

JUNE 5, 2024

ANEXT Bank continues to focus on serving the underserved MSMEs. As of the end of May, 69% of its customers are micro businesses, with 56% of loan customers and 80% of deposit customers falling into this category. These FBOs hail from 78 different nationalities, including mainland China, Indonesia, Japan, Malaysia, and South Korea.

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Micro-Entry SARS Multi-Currency Cross-Border 107

Fintech Finance

APRIL 24, 2024

By partnering with Marqeta, OakNorth will provide its small and medium-sized business customers the services typically only available to commercial banking customers, including deposit accounts and tools to automate bill payments, helping them plan for rising costs and thrive amid economic uncertainty.

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Commercial Card Embedded Finance Underserved Deposit Account 52

The Fintech Times

APRIL 24, 2024

This includes deposit accounts and tools to automate bill payments. OakNorth specialises in supporting ambitious entrepreneurs and businesses that are underserved by traditional banks. In addition, the Bank of England estimates that there is an SME funding gap of £22billion in the UK.

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Debit Card Deposit Account Underserved Facilitators 59

FICO

MAY 22, 2019

Instead, innovative analytic firms such as FICO are investing in identifying new predictive and compliant data sources to build models that accurately assess if underserved borrowers are in a position to successfully take on a new credit obligation. But just because someone doesn’t have a FICO® Score, it doesn’t mean they’re not credit ready.

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Demand Deposit Account (DDA) Credit Risk On-Demand Deposit Account 68

PYMNTS

MARCH 12, 2019

For NepFin, HSBC “brings a global footprint so we can offer the customers that we know already — including new ones — a suite of products now, as opposed to just lower middle-market term loans,” such as deposit accounts and trade receivables or inventory financing. He added, “These deals tend to take a long time.

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Underwriting Deposit Account Underserved Adjustments 40