PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel.

Finance 92

Finance Small Business Credit Union Shutdown 92

PYMNTS

MAY 22, 2019

Moody’s Corporation is partnering with the Foundation for Small Business Development (FFSBD) to connect small businesses with cash flow forecasting solutions and other financial resources. “Effective cash flow management is essential for every small business in the U.S.,”

Small Business 40

Small Business Advisors Financial Inclusion Underwriting 40

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. the number of, terms of, and types of products in the offering, and more.

Small Business 53

Small Business Underwriting Credit Union Origination 53

The Fintech Times

JULY 30, 2024

Network International , the enabler of digital commerce in the Middle East and Africa (MEA), is joining forces with Biz2X , the financing fintech in the US, India and Australia, to unlock new sources of capital for its SME merchants. Biz2X boasts over $10billion funded through its digital lending platform.

Underwriting 52

Underwriting Embedded Finance Risk Assessment Settlement 52

The Fintech Times

OCTOBER 22, 2024

. “Our partnership with GoCardless in the UK market marks a significant step forward in our mission to empower small businesses worldwide with the financing and services they need to grow and prosper,” said Luke Voiles , CEO of Pipe. “Their expertise and support helped us implement a pilot program quickly.

Small Business 52

Small Business Underwriting Finance On-Demand 52

PYMNTS

AUGUST 10, 2020

Despite government initiatives to connect small businesses to capital as quickly as possible, the U.S.’s Even as small businesses are able to access capital, it’s often not enough to endure the ongoing market volatility and uncertainty. Traditional bank loans aren’t always easy to access, either.

B2B 52

B2B Finance Small Business Third-Party Service Provider 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

AUGUST 24, 2018

A lack of access to funding may have opened the doors for alternative finance, but AltFin’s ability to quickly innovate and provide digital services — often faster than traditional banks could — means that online lending platforms have been able to compete and gain traction. “There are a lot of people popping up and disappearing.”

Small Business 40

Small Business Federal Reserve Underwriting Finance 40

Finovate

MAY 7, 2024

The solution will leverage TCW’s loan origination, underwriting, and portfolio management expertise and will tap PNC’s extensive client relationships. The two will leverage TCW’s loan origination, underwriting, and portfolio management expertise and will tap PNC’s extensive client relationships.

Underwriting 52

Underwriting Origination Small Business Mitigation 52

PYMNTS

MARCH 1, 2019

Credit report company Equifax is extending its partnership with the Small Business Financial Exchange (SBFE), the firm said in a press release Thursday (Feb. The platform is built to allow small business borrowers to understand their credit performance and use that information to extend payment terms throughout their supply chains.

Small Business 47

Small Business Identity Theft Breach Data Breach 47

PYMNTS

DECEMBER 20, 2018

OnDeck will be adding a new corporate financing product to its offering next year: equipment finance. 19) OnDeck said it will introduce equipment finance loans to certain U.S. In addition to the new product, OnDeck also announced that Mark Erickson joined the company to become its vice president of equipment finance. “I

Finance 52

Finance Small Business Origination Underwriting 52

PYMNTS

APRIL 2, 2018

Quarles, the Federal Reserve’s vice chairman for supervision, recently spoke at the HOPE Global Forums Annual Meeting to reflect on the changes endured by the nation’s small business lending market, according to reports on Friday (March 30) in JD Supra. Business owners can receive funds in a couple of days or even hours.”.

Small Business 40

Small Business Fed Financial Inclusion Underwriting 40

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

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. They never ask what your business is worth.”

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

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

DECEMBER 19, 2018

Online small business lender OnDeck has announced that it will offer equipment finance loans to select U.S. small and medium-size businesses (SMBs) next year. Starting next year, OnDeck will offer its own equipment finance loans, ranging from $5,000 up to $100,000, with terms anywhere from 24 to 60 months.

Finance 44

Finance Small Business Origination Underwriting 44

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space.

Finance 52

Finance Small Business Federal Trade Commission Cybersecurity 52

Fintech Finance

JULY 15, 2024

According to the British Business Bank, nearly half (48%) of all UK SMEs with employees sought external finance in 2023, demonstrating the high demand for solutions like Paycorp’s. The post Paycorp Expands Embedded Business Funding into UK appeared first on Fintech Finance.

ATM 105

ATM Credit Risk On-Demand Underwriting 105

Finovate

JANUARY 16, 2024

The technology will enable suppliers to offer trade credit financing to qualified buyers. The new offering will enable suppliers who accept Mastercard to extend net terms, or trade credit financing, as well as provide SKU-level invoicing to business customers. TreviPay made its Finovate debut two years ago at FinovateFall.

Visa 59

Visa Payment APIs and Integration Gateways B2B 59

PYMNTS

SEPTEMBER 7, 2018

Take Udaan , for example, an Indian B2B eCommerce startup that plans to use its latest venture capital raised to introduce business financing and warehousing solutions for its corporate customers. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups.

Finance 46

Finance Risk Mitigation Underwriting B2B 46

PYMNTS

AUGUST 20, 2019

Skipton Business Finance is putting up £40 million ($48.5 businesses in the recruitment space, BDaily News reported on Monday (Aug. Skipton Business Finance is proud to be offering this amount of money for recruitment businesses,” Managing Director Greg Bell told BDaily News. . It’s bridge financing.”.

Finance 46

Finance Underwriting Small Business Process 46

PYMNTS

MAY 21, 2018

Small business invoice financing platform Fundbox is targeting the events industry through a new partnership with Eventbrite. Fundbox underwrites financing using financial data of customers using Eventbrite, including sales history. According to U.S.

Finance 46

Finance Small Business Underwriting Facilitators 46

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

NOVEMBER 12, 2019

In Latin America, Colombia is a bright spot for innovation and growth within the small business ecosystem. An Oxford Business Group report on the nation pointed to an estimated 2.5 An Oxford Business Group report on the nation pointed to an estimated 2.5 Blurring the Debt Lines.

Finance 40

Finance Small Business Economy Financial Inclusion 40

PYMNTS

OCTOBER 7, 2019

Needs, Nav CEO Levi King told Karen Webster in a recent conversation, often come in two flavors for the typical small business owner. Nav certainly has data on that subject — as it is a business financing marketplace for SMBs that leverages AI and machine learning to offer recommendations to its roughly 1 million U.S.

Finance 47

Finance Underwriting Small Business Economy 47

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Jack Henry Links FIs to AR Finance Offering.

Payment APIs and Integration 77

Payment APIs and Integration API Small Business Underwriting 77

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. percent of contracting dollars went to those companies.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 46

PYMNTS

NOVEMBER 5, 2019

trillion gap in available trade finance is both concerning (particularly to small and medium-sized businesses [SMBs] struggling to access financing to expand across borders), as well as enticing to technology innovators seeking ways to fill a portion of that demand. ” A New Approach To Underwriting. .

Finance 41

Finance Underwriting On-Demand Risk 41

PYMNTS

APRIL 8, 2020

Small businesses overwhelmed U.S. It was a shaky start for the initiative that was designed to ease the pain of the coronavirus pandemic, with small businesses expressing frustration at the “ nightmare ” process of attempting to access a portion of the $349 billion available under the legislation. billion in applications.

FinTech 98

FinTech Small Business Credit Union Payroll 98

The Fintech Times

JULY 16, 2024

According to the British Business Bank , 48 per cent of all UK SMEs with employees sought external finance in 2023, demonstrating the high demand for these solutions. SMEs account for 61 per cent of all employment in the UK, highlighting the importance of providing access to support and funding required to ensure growth.

ATM 95

ATM Transactions Credit Risk On-Demand 95

PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns.

Returns 43

Returns Underwriting Cross-Border Payments Cross-Border 43

PYMNTS

JULY 29, 2016

Alternative lenders and marketplace finance companies emerged to fill in gaps left by traditional banks when it comes to financing and loans, but according to Bloomberg reports, another industry is getting in on the action: insurance. Not to mention, insurance companies are experts in the field of underwriting.

Finance 40

Finance Underwriting Small Business Compromise 40

PYMNTS

AUGUST 4, 2017

With an eye on companies looking to grow internationally, SME financing company Franklin Capital Network announced news that it has launched an export financing operation. The unit will provide exporting SMEs with financing, accounts receivable management and collection services, reports said. businesses,” Krzyzanowski added.

Finance 43

Finance Cross-Border Underwriting Small Business 43

PYMNTS

JULY 25, 2019

Moreover, she noted, it is a model that boxes out businesses unnecessarily, because while time in business and revenue are certainly both ways to look at a small business and understand how healthy it is, they aren’t the only ways.

Finance 53

Finance Risk Assessment B2B Underwriting 53

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

NOVEMBER 24, 2020

This week's look at the latest in bank-FinTech collaborations explores how a range of banks is turning to partners and API connectivity to enhance small business services, from lending to payments. He added that Visa's banking clients will be able to enhance their own small business services as a result of the partnership.

Payment APIs and Integration 60

Payment APIs and Integration Small Business API Underwriting 60

Lending Front

JUNE 9, 2021

With the need for small business funding greater than ever, it poses the question: is it time to turn traditional parameters and criteria on their head? . But rethinking the underwriting process need not only apply to consumers. This type of reframing can also help open up credit access to small business owners that need it. .

Small Business 52

Small Business Federal Reserve Underwriting Credit Union 52