Fintech Review

NOVEMBER 12, 2024

By joining forces, they can combine their strengths to improve financial services and reach underserved populations. These fintechs use technology to improve credit assessment and underwriting processes, making loans more accessible and affordable. Regulatory pressures also encourage these partnerships.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105

PYMNTS

APRIL 23, 2019

LendingClub, Opportunity Fund and Funding Circle announced on Tuesday (April 23) a collaboration aimed at providing small businesses with more affordable credit. The aim is to expand efficient access to affordable credit for more small business owners. billion by 2023.

Small Business 46

Small Business Underserved Underwriting Assessments 46

Fintech Finance

APRIL 17, 2024

Designed as a one-stop payment hub, ARISE is an easy-to-use, powerful payment solution for SMBs — a category long underserved by the payments industry. Small and midsize businesses account for 44% of the United States GDP, close to half of all employment, and half of the roughly $370Bn in overall tech spending.

Stop Payment 52

Stop Payment Payment APIs and Integration ISVS Payments 52

PYMNTS

NOVEMBER 3, 2020

At a high level, according to the filing , “With China’s economy shifting towards domestic consumption and the growth of small businesses, the financial services needs of consumers and small businesses have expanded considerably and demand for credit, investment and insurance products is projected to increase substantially.

NOV 79

NOV Origination Small Business Non-Bank 79

Fintech News

OCTOBER 28, 2024

The APIs has not only helped platform partners unlock new revenue opportunities, more importantly, it has allowed ANEXT Bank to engage and enable the ecosystem of partners to accelerate and scale financial inclusion for unserved and underserved MSMEs. The company replaces traditional B2B payment methods (e.g. million in loans.

AI 90

AI FinTech Innovation Payment APIs and Integration 90

PYMNTS

NOVEMBER 8, 2017

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. Intuit’s announcement noted the solution was developed on top of its existing data science and machine learning capabilities to underwrite loans to SMBs.

Small Business 41

Small Business Federal Reserve Underserved Underwriting 41

PYMNTS

SEPTEMBER 17, 2019

France’s FairMoney , a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. Currently, more than 200,000 customers use FairMoney to access financing, with the company’s algorithm using data from a user’s smartphone to underwrite those loans.

Financial Inclusion 46

Financial Inclusion Underserved Small Business Underwriting 46

PYMNTS

AUGUST 7, 2019

Increasingly, FinTechs are targeting corporate and small business banking friction, and exploring how open banking frameworks — including the use of application programming interfaces (APIs) and collaboration with traditional financial institutions — can achieve the disruption they’re looking for. For instance, in the U.K.,

Office of the Comptroller of the Currency 72

Office of the Comptroller of the Currency Payment APIs and Integration Federal Reserve Small Business 72

PYMNTS

JUNE 11, 2019

Until recently, these changes rarely impacted the small business (SMB) financial services (FinServ) sphere: Among the biggest challenges for entrepreneurs is accessing bank services that are smaller than enterprise-level offerings, yet more tailored to their needs than consumer-sized options.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market. This is about augmentation,” he said.

Underwriting 40

Underwriting Small Business Process Automation 40

PYMNTS

SEPTEMBER 18, 2020

Stem’s target client base, said Rabkin Lewis, consists of “not just the artists, but also their management teams, the labels that work with and all the various collaborators, songwriters, producers … all of them are part of a population of creators that we see as being underserved by financial tools and technologies.”.

Digital Payments 125

Digital Payments Payments Venmo Underserved 125

PYMNTS

JUNE 1, 2017

Small businesses can benefit big if they’re insured by a company that partners with Valen. With a winning hybrid of human and artificial intelligence, Valen uses predictive analytics to help property and casualty insurance carriers give small businesses the coverage they deserve at a price that makes sense.

Underwriting 40

Underwriting Small Business Risk AI 40

PYMNTS

DECEMBER 18, 2018

The problem in connecting consumers to services in still-developing nations is that there is an asynchrony between what is profitable and productive for banks to offer in terms of financial products and the needs of customers and small businesses in developing nations. “It

Underserved 54

Underserved Product Underwriting Economy 54

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. Digital banking adoption among consumers and small businesses (SMBs) is at an inflection point. DOWNLOAD THE 61-PAGE consumer banking REPORT. Why now for digital banking startups.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

NOVEMBER 7, 2017

However, Tavares said the landscape is shifting, as LendingPoint and other alternative credit products lend their ears — and their money — to underserved populations. Burnside got his start in small business lending. It was forces of magnitude bigger than the small business space,” said Tavares. Here’s how.

Use Case 57

Use Case Small Business Finance Underserved 57

CB Insights

FEBRUARY 13, 2020

‘PayFac’ technology simplifies underwriting and onboarding. Stripe’s business strategy: How the $35B unicorn sets itself apart. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Stripe’s business strategy: How the $35B unicorn sets itself apart.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

JUNE 15, 2018

The company, which has already secured a non-banking financial license, targets micro-businesses with its working capital and business development loans using proprietary underwriting technology.

Cybersecurity 40

Cybersecurity B2B Non-Bank Finance 40

Lending Front

JULY 14, 2021

Yellen made an announcement that was eagerly welcomed by an often neglected sector of small businesses across the country: The U.S. The fight for small business survival is tougher than ever before, especially for minority- and female-owned businesses.

Small Business 52

Small Business Underserved Automation Federal Reserve 52

Lending Front

JUNE 29, 2021

Yellen made an announcement that was eagerly welcomed by an often neglected sector of small businesses across the country: The U.S. The support program comes at a pivotal moment both for CDFIs and the small businesses in the communities they serve. The state of minority-owned small businesses.

Small Business 52

Small Business Underserved Automation Economy 52

CB Insights

JUNE 17, 2020

Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. The small business sector has also seen an increase in adoption of contactless options.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

PYMNTS

MARCH 10, 2016

“With Square Reader in Australia, we’re empowering local sellers with the tools they need to start, run and grow their businesses. This is an important step for our company and an exciting moment for a market so committed to innovation and an entrepreneurial small business community,“ said Jack Dorsey, CEO of Square.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

Fintech Labs Insights

MARCH 14, 2019

Using a classic startup strategy, they identified an underserved segment, VC-backed startups (especially its fellow alums at Y Combinator), and built a card for their needs. And with that momentum, they’ve moved to a second, and much bigger underserved segment, revenue-rich and capital-poor ecommerce companies.

Underserved 12

Underserved Credit Limit Underwriting PayPal 12

PYMNTS

DECEMBER 11, 2019

And the loans are for relatively small amounts to make such a sizeable downstream difference. Opportunity Fund offers truck loans for as little as $2,500 and as much as $200,0000 — but the average loan it underwrites is for about $48,000. That comes with a 24- to 60-month term at a 12 percent to 16.5

Underwriting 52

Underwriting Rules Underserved Economy 52