Tearsheet

AUGUST 7, 2024

This collaboration aims to provide corporate clients with improved short-term financing options and embedded payment solutions at the point of sale. We have chosen Slope to help provide our clients with a solution to offer short-term financing as an extension of payment terms to their business customers, powered by Slope’s platform.

AI 59

AI B2B Finance Underwriting 59

PYMNTS

SEPTEMBER 29, 2020

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In Overall, Marco Financial has noted, banks reject 50 percent of small- to medium-sized business (SMB) financing applicants.

Finance 114

Finance Underwriting Volume Accounts 114

The Fintech Times

APRIL 22, 2024

Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC. This isn’t just a step forward; it’s a leap into the future of business financing.

Underserved 69

Underserved Finance Technology APACS 69

PYMNTS

MARCH 10, 2020

Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. Mathur emphasized that an augmented data collection approach can do more than simply connect SMBs to capital when they cannot access bank financing.

Underwriting 77

Underwriting Small Business Value Added Service Non-Bank 77

PYMNTS

DECEMBER 7, 2020

Digital commerce is a capital-intensive business model, he said, and keeping pace with buyer demand puts a strain on finances. But according to Pero, banks aren't always equipped to fulfill online sellers' working capital needs due to their legacy underwriting processes. Small Business, Big Challenges.

Finance 142

Finance Small Business Underwriting B2C 142

PYMNTS

JULY 26, 2019

Lloyd’s syndicate Beat Syndicate 4242 is collaborating with trade finance solution provider Previse to underwrite those invoices financed by third parties so suppliers can get paid more quickly, according to a Thursday (July 25) press release. Beat Syndicate will underwrite pre-approval invoice payments for an unnamed large U.K.

Underwriting 40

Underwriting B2B Instant Payments Risk 40

Lending Front

JUNE 15, 2021

After March of 2020, firms with lower credit scores turned to online lenders (35%) and nonbank finance companies (23%) more often than those with higher credit scores, according to the U.S. The post Bringing Underwriting Up to Speed appeared first on LendingFront. Opening up access to funding.

Underwriting 52

Underwriting Small Business Federal Reserve Assessments 52

Fintech Finance

SEPTEMBER 6, 2024

Christensen will lead the company’s global acquiring and risk management teams, working to grow and manage relationships with processors and banks, as well as overseeing the underwriting and risk functions. The post BlueSnap Appoints Bill Christensen as SVP of Acquiring & Risk appeared first on FF News | Fintech Finance.

Risk 105

Risk Acquirers Risk Management Underwriting 105

Fintech Finance

OCTOBER 17, 2024

Financing is available for higher ticket items with monthly repayments made over a longer period of time starting at 0% APR. Before approving the purchase, Klarna will make a new lending decision, using its industry-leading underwriting checks. This is a big step toward our mission to offer consumers Klarna at every checkout.“

Underwriting 111

Underwriting BNPL Payments Checks 111

FICO

AUGUST 16, 2021

FICO Applauds FHFA Inclusion of Rental Data in Underwriting. Last week, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae will begin considering borrowers’ rental payment history in its risk assessment process. Joanne Gaskin. Mon, 08/16/2021 - 18:53.

Underwriting 52

Underwriting Risk Assessment Assessments Financial Inclusion 52

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

The Fintech Times

MARCH 1, 2024

Open finance has huge potential if organisations can fully utilise it. Exploring how this can best be achieved, the Centre for Finance, Innovation and Technology (CFIT) published its latest report. Open banking and open finance can deliver direct benefits for everyone in the transaction cycle, from merchant to consumer.

Finance 59

Finance Non-Bank Use Case Innovation 59

PYMNTS

JUNE 26, 2020

Some startups focused on data aggregation to expand underwriting capabilities, while others operate platforms to facilitate financing. The company aims to expand the sources of data from which financial services providers can pull for underwriting and other services. Aye Finance. Pipe Technologies.

B2B 115

B2B Finance Small Business Underwriting 115

Fintech News

AUGUST 12, 2024

These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says. For non-financial services businesses, embedded finance allows for enhanced customer loyalty, new revenue streams and improved customer experiences. billion by then.

Embedded Finance 109

Embedded Finance FinTech Non-Bank Cross-Border 109

Nanonets

MAY 3, 2023

Traditionally, finance has been the domain of the smartest in our society. Now, AI tools are pushing the limits of analysis and decision-making in finance, changing the lives and careers of finance professionals around the world. The biggest overarching challenge for finance professionals is data analysis for decision-making.

AI 94

AI Finance Advisors Fed 94

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

PYMNTS

JUNE 17, 2020

As such, trade finance will be an important piece of the global recovery puzzle. Connecting B2B vendors to financing on their unpaid invoices can grant them the financial stability they need to keep trade flowing, but it comes with its own set of challenges — both for the vendor and financiers. With a trade finance gap as large as $1.5

Finance 68

Finance Mitigation B2B Underwriting 68

PYMNTS

APRIL 9, 2019

While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment.

Finance 63

Finance Risk Mitigation Underwriting Mitigation 63

PYMNTS

SEPTEMBER 21, 2020

Decades ago, asset-based finance developed a nasty reputation. As a financing tool that requires business owners to place valuable assets — whether working capital or physical — up for collateral, asset-based financing (ABF) was often viewed as a solution to a dire problem when no other options were available.

Finance 102

Finance Underwriting Compromise Adjustments 102

PYMNTS

MARCH 13, 2020

Trade finance is a critical tool in supporting global trade for both buyers and sellers, particularly smaller businesses. Yet these financing products aren’t without their risks and drawbacks, and today, criticism continues to mount for certain invoice financing tactics in particular. An Alternative To Factoring.

Finance 69

Finance Payment APIs and Integration Due Diligence Underwriting 69

PYMNTS

APRIL 8, 2020

Vroom, the eCommerce platform for buying and selling used vehicles, has reached a multi-year deal with Santander Consumer USA to simplify auto financing. In addition to the benefits for Vroom customers who need financing, the company said the collaboration will allow the firms to combine marketing efforts and boost sales.

Finance 56

Finance Underwriting Consumer Transactions 56

PYMNTS

MAY 9, 2018

The findings, contained in the company’s Q1 Senior Loan Officer Opinion Survey , show that there has been “a modest tightening” of bank underwriting standards across credit card and auto loan applications as measured in the first quarter of this year. Moody’s expects credit card underwriting to deteriorate.

Underwriting 40

Underwriting Credit Cards Economy Risk 40

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

JANUARY 10, 2020

has announced a takeover that will position the company to strengthen its financing operations in the middle market. The deal also sees Aflac Global Investments committing up to $3 billion to Varagon to finance loans over several years. Aflac Global Investments, the AFL asset management unit of Aflac Inc.,

Finance 52

Finance Underwriting Acquirers Research 52

PYMNTS

OCTOBER 21, 2019

Providing consumers with sufficient supports can address these potential obstacles and speed up loan underwriting timelines, benefiting both borrowers and lenders. Organizations working to alleviate those pains need to ensure they can boost underwriting speed while carefully protecting consumers’ and FIs’ safety.

Underwriting 41

Underwriting Consumer Due Diligence Assessments 41

Fintech News

JANUARY 15, 2024

Southeast Asian SME financing platform Validus has secured US$10 million in debt financing from debt finance provider Lendable. Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs.

Underserved 105

Underserved Underwriting Finance AI 105

PYMNTS

JANUARY 10, 2020

has announced a takeover that will position the company to strengthen its financing operations in the middle market. The deal also sees Aflac Global investments committing up to $3 billion to Varagon to finance loans over several years. . Aflac Global Investments, the AFL asset management unit of Aflac Inc.,

Finance 52

Finance Underwriting Acquirers Research 52

Bank Automation

SEPTEMBER 23, 2024

Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting.

AI 81

AI Underwriting Credit Risk Automation 81

PYMNTS

JUNE 7, 2019

However, if SMBs’ access to capital is small, startups’ struggle to gain financing is even narrower if an entrepreneur decides to not sell a portion of the company in return for venture capital. 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

JANUARY 8, 2021

Even so, small business lenders are headed toward their own challenges when underwriting financing. Lenders need to embrace the opportunity to collaborate with the small businesses they are financing in order to gain better visibility into that company's performance. A Collaborative Spirit.

Finance 92

Finance Small Business Credit Union Shutdown 92

PYMNTS

AUGUST 10, 2020

Understanding which financing products are most appropriate for B2B SMBs can be a challenge, however, particularly during high-pressure moments of slumping sales and revenue. Earlier this month, Commercial Funding announced that it would be entering into the asset-based lending (ABL) arena to augment its existing AR financing solution.

B2B 52

B2B Finance Small Business Third-Party Service Provider 52

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

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. . However, the $1.5

Finance 41

Finance Underwriting On-Demand Risk 41

FICO

JULY 13, 2020

But for criminals, working individually or in fraud rings, these vehicles (or any vehicle, for that matter), present an attractive opportunity: finance the vehicle, sell it illicitly, and pocket the cash. An estimated 10% to 15% of auto finance companies’ bad debt book actually classifiable as first-party fraud.

Finance 52

Finance Fraud Detection Crime Identity Theft 52

The Fintech Times

JULY 29, 2024

Riziq Ishaq, head of property and deputy senior executive, HDI Global Riziq Ishaq has been appointed to lead the property underwriting line, and John Morrell will lead construction and engineering. Especially as we look to strengthen our relationships with brokers and clients by providing solutions through a local team of underwriters.

Underwriting 59

Underwriting Authorization APACS Risk Management 59

Fintech Finance

SEPTEMBER 20, 2024

KOHO will introduce and manage the line of credit through their highest-rated App and product experience, while Propel will power the technology, underwriting, servicing and funding of the loans. “It The post KOHO and Propel Announce Exclusive Partnership to Expand Lending Access in Canada appeared first on FF News | Fintech Finance.

Underserved 98

Underserved Underwriting AI Product 98

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