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. 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.

Financial Inclusion 121

Financial Inclusion Underserved Non-Bank Embedded Finance 121

The Fintech Times

JULY 24, 2024

A lack of access to credit and finance can cause issues for people worldwide, regardless of the countries they live in. Where the problem is felt most acutely, however, is generally in developing countries – so, now, we’re shining a spotlight on them, to see how they are approaching improving access to finance.

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

Lending Front

JUNE 6, 2021

But while the economy in general is expected to boom, many small businesses are still in recovery mode. Of course, many firms opted to apply for fully forgivable PPP loans instead of traditional loans, seeing as the second round of PPP had funds earmarked for underserved small businesses. Enter community banks.

Small Business 52

Small Business Community Banks Economy Non-Bank 52

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

FEBRUARY 8, 2017

Denver-based Greenline Ventures is opening up a new fund to help finance small businesses in the U.S. 7) that it has created a fund to provide SMEs with between $250,000 and $2 million in an effort to support job growth and small business success. The company revealed Tuesday (Feb.

Small Business 41

Small Business Underserved Finance Origination 41

Fintech News

DECEMBER 13, 2023

Southeast Asian SME financing platform Validus has secured a US$20 million investment from growth-stage private equity firm 01Fintech. Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs.

Due Diligence 106

Due Diligence Underserved Finance Small Business 106

The Fintech Times

DECEMBER 26, 2023

Many individuals and small businesses grapple with a common challenge: limited access to traditional banking services. This underserved group encompasses those with minimal or no credit history, small businesses, and emerging demographics, including the youth and female populations.

Financial Inclusion 59

Financial Inclusion Underserved Small Business Finance 59

The Fintech Times

SEPTEMBER 12, 2024

He stressed that low-income and underserved communities are facing severe challenges the most, such as rising prices, social unrest, and climate change impacts. In fact, poverty levels in many developing countries remain above pre-pandemic levels.

FinTech 75

FinTech Embedded Finance Underserved AI 75

Fintech Finance

SEPTEMBER 25, 2024

We’re looking forward to working closely with KaiOS to bring the best of our technology, scale, and expertise together to drive growth for emerging markets around the world.” “At KaiOS, our mission is to connect underserved communities with the digital world.

Visa 97

Visa Economy Digital Payments Enrollments 97

Fintech News

FEBRUARY 14, 2024

The International Finance Corporation (IFC) has made a substantial equity investment of up to US$23.8 million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned or led firms.

Financial Inclusion 109

Financial Inclusion Non-Bank Underserved Finance 109

PYMNTS

MAY 4, 2017

Top FIs are rolling out their Small Business Week contributions. Capital One and Santander are two banks that both announced Wednesday (May 3) their perspective efforts to support small businesses as Small Business Week continues. So when small businesses flourish, everyone wins.

Small Business 40

Small Business Underserved Economy Industry Trends 40

PYMNTS

JANUARY 21, 2021

Welcome to the world of international trade finance and the business of smoothing over the 90-plus day payment lags and quality fears that trading partners often half a world apart must routinely contend with on a daily basis. As a financer [in those situations] we’ve seen that either the buyer or the supplier makes us whole.”.

Cross-Border 103

Cross-Border Finance Underserved Blockchain 103

Fintech News

JUNE 5, 2024

Additionally, there has been a significant rise in the number of Foreign Business Owners (FBOs) with businesses incorporated in Singapore, making up nearly 31% of the bank’s clientele as of 31 May 2024. ANEXT Bank continues to focus on serving the underserved MSMEs. ” said Toh Su Mei, CEO of ANEXT Bank.

Micro-Entry 106

Micro-Entry Multi-Currency SARS Cross-Border 106

PYMNTS

JANUARY 14, 2021

“We are delighted to draw upon the expertise of top investors who know financial services and FinTech well, so that we can continue to build and open up access to affordable and transparent financial services for millions of underserved people and small businesses, and make inroads into financial inclusion in the region.”.

Finance 81

Finance Financial Inclusion Underserved Small Business 81

The Fintech Times

MAY 9, 2024

Jamie Loden, chief operating officer at DTB Jamie Loden , chief operating officer at DTB, also commented: “We are excited to collaborate with Paymentology, a leading and renowned processor in the market, to introduce our joint embedded finance proposition.

Financial Inclusion 104

Financial Inclusion Embedded Finance Payment APIs and Integration Non-Bank 104

PYMNTS

JANUARY 5, 2021

Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1 billion in “marginalized businesses” across the country over the next two years. The San Jose-based community development financial institution, or CDFI, on Tuesday (Jan.

Credit Union 79

Credit Union Small Business Underserved Agreements 79

PYMNTS

JUNE 19, 2020

More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. The Prioritized Paycheck Protection Program (P4) Act would allow businesses with fewer than 100 employees to get a second loan. In the House, U.S.

Small Business 91

Small Business Shutdown Underserved Treasury 91

PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Underserved 71

Underserved Small Business B2B Finance 71

Finovate

JULY 5, 2024

Ascend Money anticipates the funds will help it accelerate its mission to provide inclusive financial services for underserved consumers and small businesses and ultimately foster economic growth and financial well-being in Thailand.

Financial Inclusion 52

Financial Inclusion Underserved BNPL Small Business 52

PYMNTS

NOVEMBER 30, 2020

The goal of the partnership is to provide "relief and stability" for small- to medium-sized business (SMB) owners, the companies said in the post. This new card is specifically designed for small business owners to weather the impact of COVID-19," the post stated.

Underserved 101

Underserved Credit Cards Posting Small Business 101

PYMNTS

JANUARY 17, 2021

With the new funding, the company plans to keep growing and developing products with its existing Business Intelligence Software , which uses real-time finance data to help make it easier to grow a business, the release stated. Small businesses are the backbone of the U.S

FinTech 75

FinTech Small Business Value Added Service Underserved 75

PYMNTS

MARCH 10, 2020

The bank has its sights set on small businesses, startups and freelancers. NorthOne, which has an API-enabled platform, says it was built specifically for small businesses, from the ground up. The bank said it signed up 1 percent of all new small business accounts in the U.S. are less prevalent.

Small Business 54

Small Business Payment APIs and Integration Underserved ATM 54

PYMNTS

MARCH 19, 2020

was formed in 2009 as a payment services provider to enable businesses to accept card payments. The platform has been expanded to include point-of-sale payments, financing and other services. The bank will extend small business loans and deposit accounts, Square said in a statement. “We Square, Inc.

FDIC 110

FDIC Deposit Account Underserved Small Business 110

Fintech News

AUGUST 26, 2024

Besides SCB, SCBX oversees a range of subsidiaries and ventures, including SCB 10X , a venture capital (VC) firm that invests in disruptive technology and startups; Monix , a fintech company specializing in digital lending and personal finance solutions; and CardX , a subsidiary focusing on credit card and payments solutions.

Online and Mobile Banking 117

Online and Mobile Banking Financial Inclusion Bots Underserved 117

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

PYMNTS

SEPTEMBER 21, 2020

Digital small business insurance provider Next Insurance is negotiating an arrangement to bring in new capital that would reportedly value the FinTech upstart at $2.25 The firm provides small businesses ranging from personal trainers to general contractors with policies.

Cross-Border Payments 89

Cross-Border Payments Cross-Border NACHA Cybersecurity 89

PYMNTS

MARCH 4, 2019

Alternative lending firm Funding Circle announced it has reached $2 billion in small business loans facilitated through its platform, a figure that it says exceeds some traditional U.S. ” At present, Funding Circle said it holds more than $1 billion in small business loans. . bank SMB loans.

Volume 52

Volume FDIC Small Business Underserved 52

PYMNTS

AUGUST 12, 2019

At Joust, we understand the growing market of self-employed workers, freelancers and small businesses, and their need for an all-in-one banking solution –especially one that gives them the same benefits enjoyed by major corporations. Joust believes this segment of the population is being underserved.

Underserved 57

Underserved FDIC Non-Bank Payments 57

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

PYMNTS

DECEMBER 4, 2020

We expect them to thrive alongside the incumbent banks and raise the industry’s bar in delivering quality financial services, particularly for currently underserved businesses and individuals. They will further strengthen Singapore’s financial sector for the digital economy of the future.”. Wong said in the Friday (Dec.

Underserved 65

Underserved Non-Bank Authorization Small Business 65

PYMNTS

MAY 22, 2020

The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic. And that access to capital is critical.

Small Business 55

Small Business Government Governance Economy 55

Finovate

APRIL 17, 2024

The new offering, Mercury Personal , creates a personal banking experience for entrepreneurs, investors, and builders who want a self-serve banking option to help optimize their personal finances. However, Mercury is seeking to differentiate itself from the majority of digital banks, many of which target underserved consumers.

Wire Transfer 52

Wire Transfer FDIC Wires Wire 52

PYMNTS

NOVEMBER 8, 2017

Intuit-operated QuickBooks has dabbled in small- and medium-sized business (SMB) financing in the past, but an announcement made Tuesday (Nov. In the news release, the company said it is launching QuickBooks Capital and becoming a direct lender to small business customers in need of working capital.

Small Business 41

Small Business Federal Reserve Underserved Underwriting 41

PYMNTS

JUNE 7, 2019

.” The solution is designed for sole traders, gig workers, freelancers, contractors and entrepreneurs, the company said, and connects professionals with Mastercard business cards, Voice ID login authentication, Direct Debit management, cash flow management and push notifications.

Mobile Banking 53

Mobile Banking Small Business Push-to-Card Underserved 53

PYMNTS

DECEMBER 11, 2019

Qwil, a company that gives loans to small businesses and freelancers, has received $24.4 million in equity, as well as $200 million in debt funding, according to a report by Reuters. Investors in Qwil include Jefferies Financial Group, while the funding round was led by venture outfit PeakSpan.

Underserved 52

Underserved Small Business On-Demand Participant 52

PYMNTS

DECEMBER 11, 2019

Qwil, a company that gives loans to small businesses and freelancers, has received $24.4 million in equity, as well as $200 million in debt funding, according to a report by Reuters. Investors in Qwil include Jefferies Financial Group, while the funding round was led by venture outfit PeakSpan.

Underserved 52

Underserved Small Business On-Demand Participant 52

The Fintech Times

JUNE 13, 2024

Raman Korneu, CEO and co-founder of myTU With over 25 years of experience in banking, Raman Korneu has held senior roles across finance, including consulting roles at Ernst & Young and PwC , where he worked on over 100 projects for over 50 major banks and companies. Tell us more about your company and its offering.

Underserved 53

Underserved Payment APIs and Integration AI Innovation 53