Fintech News

SEPTEMBER 4, 2024

These companies, which represent countries such as Malaysia, the Philippines and South Korea, are tackling challenges in sectors such as lending, banking, and business finance, leveraging innovative business models and cutting-edge technologies to boost efficiency and enhance accessibility across the financial services industry.

FinTech 112

FinTech Cross-Border Payment APIs and Integration Credit Cards 112

Finovate

APRIL 23, 2024

Features Automates the most complex reconciliation or financial ETL in minutes Leverages the power of AI and no-code to give finance teams the superpower of developers Provides native support for live payments data Who’s it for? Banks, credit unions, small businesses, and CDFIs.

Credit Union 52

Credit Union Reconciliation Cross-Border Small Business 52

The Fintech Times

APRIL 23, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration Governance 59

PYMNTS

JUNE 7, 2019

Post-financial crisis, FinTech shed light on the plight of small and medium-sized businesses (SMBs) seeking capital, often shunned by banks — thanks to a lower risk appetite and more stringent regulations. According to Lackland, angel investors and venture capitalists are often the only options for startups in need of financing to grow.

Finance 51

Finance Underwriting Non-Bank Risk 51

PYMNTS

APRIL 16, 2020

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., Plaid is unlocking payroll data to ease access to federal financing. Catch up on the most recent efforts to unlock, share and integrate bank data below.

Finance 67

Finance Payment APIs and Integration Cross-Border Payments Cross-Border 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. In contrast, the big banks have gone in the other direction.”. Narrowing The Gap .

AI 120

AI B2B Underwriting Non-Bank 120

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 129

Online and Mobile Banking Treasury Non-Bank Finance 129

Fintech News

MAY 7, 2024

HashKey Group – US$100 million, Series A HashKey Group, a cryptocurrency firm headquartered in Hong Kong, said in January that it had raised nearly US$100 million after the completion of a Series A financing round. billion data points to banks and financial institutions every year to facilitate faster decisioning, and processing 1.7

Payment APIs and Integration 124

Payment APIs and Integration Non-Bank Finance FinTech 124

Fintech News

DECEMBER 20, 2023

Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for them in monthly installments, are growing strongly around the world, picking up steam among both customers and merchants. million in 2023.

BNPL 105

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 105

Fintech Finance

MARCH 6, 2024

Allianz Trade pay provides simplicity, security, flexibility and competitiveness With its e-commerce credit insurance, Allianz Trade offers real time coverage against non-payment risks to B2B marketplaces, BNPL providers and e-merchants. Concretely, Allianz Trade pay gathers already existing tools along with brand-new services.

B2B 52

B2B BNPL Payment APIs and Integration Multi-Currency 52

Fintech News

FEBRUARY 8, 2024

The year 2023 marked a pivotal moment for the fintech industry, with the prevailing global funding trends encapsulating a period of introspection and recalibration amidst a backdrop of economic fluctuations, including notable bank failures and precipitous cryptocurrency downturns. Ushering in Insurtech 2.0 Insurtech 2.0

FinTech 106

FinTech Embedded Finance B2B Volume 106

Fintech Finance

DECEMBER 19, 2023

Credit Underwriting: Scaling global underwriting capabilities. As a successful Fintech and one of the fastest growing non-bank providers of cross-border payments solutions globally, the timing is right for us to expand support operations into India. CRM: Developing, supporting, and administering CRM software.

Cross-Border 52

Cross-Border CRM Cross-Border Payments Underwriting 52

Fintech News

FEBRUARY 8, 2024

The year 2023 marked a pivotal moment for the fintech industry, with the prevailing global funding trends encapsulating a period of introspection and recalibration amidst a backdrop of economic fluctuations, including notable bank failures and precipitous cryptocurrency downturns. Ushering in Insurtech 2.0 Insurtech 2.0

FinTech 108

FinTech Embedded Finance B2B Volume 108

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. That finding comes care of data gathered by 12 regional Federal Reserve banks in a survey conducted over the third and fourth quarter of 2017.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 46

Nanonets

SEPTEMBER 27, 2024

According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. Underwriting and claims processing are two key insurance processes that are still handled manually.

Process 52

Process Underwriting Automation Database 52

PYMNTS

JANUARY 9, 2017

5) that it is integrating the solutions of Capify’s own small business financing operation — a move that, while not officially considered a merger, will see a merging of the two companies in some ways. Both companies have been in the non-bank SME financing industry for more than 10 years, the firms said.

Finance 40

Finance Underwriting Non-Bank Small Business 40

Clearly Payments

JUNE 28, 2024

This article explores the concept of embedded payments, their applications, benefits, and their role within the broader context of embedded finance. This integration goes beyond traditional banking and payment processes by embedding financial functionalities directly into digital ecosystems.

Embedded Payments 52

Embedded Payments Embedded Finance Payments Process 52

The Fintech Times

SEPTEMBER 24, 2024

Elias was most recently head of product at UK fintech ClearScore, while Crosson previously worked at Tomorrow Bank and Starling Bank. Finance SaaS provider Pirum has appointed Mark Hale as CEO and Ben Challice as president and chief strategy officer. Bamert and Toole add expertise in finance and wealth management.

FinTech 59

FinTech Payment APIs and Integration AI Risk 59

PYMNTS

JANUARY 28, 2021

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in which banks hold the upper hand, commercial lending included. But an overwhelming surge in demand painfully exposed traditional banks' biggest shortcomings in business lending.

Embedded Finance 65

Embedded Finance On-Demand Underwriting Non-Bank 65

PYMNTS

APRIL 9, 2020

The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in loans through the coronavirus crisis, Reuters reported.

Federal Reserve 70

Federal Reserve Fed FinTech Small Business 70

Nanonets

SEPTEMBER 18, 2024

  From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily. Use cases of financial document automation Document automation in the realm of finance and accounting is used in many sectors.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

PYMNTS

SEPTEMBER 2, 2020

Canada’s largest private non-bank payment processor, filed for an initial public offering (IPO) in Canada Tuesday (Sept. The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc. Nuvei Corp. and RBC Capital Markets.

FinTech 91

FinTech Payments Push-to-Card Underwriting 91

PYMNTS

NOVEMBER 16, 2020

In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. In Canada, one of those alternative players is Thinking Capital.

Technology 115

Technology Payment APIs and Integration Finance Small Business 115

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 109

FinTech Online and Mobile Banking Blockchain Product 109

Segpay

FEBRUARY 28, 2024

Learn how to fortify your finances through diligence, compliance flexibility, and developing trustworthy payment processing partnerships. Per the Forbes Advisor , rates range from 1.5% – 3%+ based on card type, with volume tiers and qualified vs non-qualified categories. However, smaller banks and credit cards avoid coverage.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

Stax

AUGUST 20, 2024

And it’s all thanks to embedded finance and embedded fintech. Embedded finance isn’t entirely a new concept. Airline credit cards, payment plans for costly items, and car rental insurance are forms of embedded finance that have been around for a while. Everything is done under one platform.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

PYMNTS

JUNE 15, 2020

For Aion Bank , based in Belgium, that means understanding the global operations of SMBs, as well as their local challenges as a company in Belgium and the broader European Union. There are unique challenges for SMBs operating in Belgium and the broader EU that banking solution providers should consider, said Czuba. ”

Cross-Border 98

Cross-Border Non-Bank Addressing Underwriting 98

Stax

JANUARY 8, 2024

Broadly, these can be classified into the following categories: Compliance risks Potential risks that may arise from non-adherence to any card brand or governmental regulations come under this category. Once the information is collected, PayFacs must render an underwriting decision to approve or decline sub-merchant applications.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

DECEMBER 15, 2017

According to news from Bloomberg , MarketInvoice’s collaboration with the bank sees the company underwriting small business financing provided by Investec — based in the U.K. MarketInvoice links SMBs to invoice financing services and, through this partnership, will manage underwriting and payment processing.

FinTech 40

FinTech Underwriting Non-Bank Rules 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. firm that bridges companies with a range sources to obtain loans, equity financing or grants.

Small Business 78

Small Business Finance Non-Bank Assessments 78

Nanonets

SEPTEMBER 23, 2024

What are your bank statements telling you about your business?  Bank statement analysis helps you uncover this hidden data. In this blog, we’ll explore what bank statement analysis is, why it matters for your business, and how new technology is making it easier and more effective than ever. 

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Nanonets

MARCH 26, 2023

The lender will also typically request documentation to verify the information provided in the application, such as pay stubs, tax returns, bank statements, and credit reports. Underwriting: The lender evaluates the borrower's application and documentation to determine the level of risk associated with the loan.

Automation 52

Automation Process Underwriting Fraud Detection 52

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free A bank extract is data extracted from bank statements or other financial documents. While bank extracts were obtained manually in the past, most companies are resorting to software to automate this tedious process.

Automation 52

Automation Assessments Fraud Detection Risk Assessment 52

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. But they have not provided lenders and banks with specific guidance on using the data in underwriting.

FinTech 60

FinTech Blockchain Underwriting Non-Bank 60

PYMNTS

NOVEMBER 3, 2020

But as PYMNTS reported in September , Chinese regulators have been boosting their scrutiny of non-bank financial companies. As noted in the company’s listing documents, the company has a wholly-owned subsidiary, Ant Small and Micro Loan, which provides funding through its digital finance technology platform.

NOV 79

NOV Origination Small Business Non-Bank 79

The Fintech Times

FEBRUARY 20, 2024

In his new role, Al Kharusi will lead Mashreq Bank’s strategy and operations in Oman, optimising the bank’s performance, and ensuring compliance with local and international standards. The company intends to use the funds to consolidate its position as a European embedded finance leader and to expand its footprint in the US.

FinTech 64

FinTech B2B Non-Bank Compliance 64

PYMNTS

MAY 10, 2017

After almost a decade of complaints regarding a lack of access to credit, the Consumer Finance Protection Bureau has announced it will launch an inquiry into the financing needs of SMBs in the U.S. Small businesses fuel America’s economic engine, create jobs and nurture communities.

CFPB 43

CFPB Request for Information Small Business Non-Bank 43