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

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

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

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

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

PYMNTS

APRIL 17, 2020

small businesses hit hard by the coronavirus pandemic. Administered by the Small Business Association (SBA) and processed through financial institutions (FIs), including banks and selected FinTechs, the program offers small- to medium-sized businesses (SMBs) loans worth twice their monthly payroll expenses.

Small Business 59

Small Business Community Banks Non-Bank Payroll 59

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

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

AUGUST 24, 2018

There are ways, however, that traditional financial institutions (FIs) still beat out alternative players, especially when it comes to the relationship between small business (SMB) owners and financial service providers. “It’s cool for us, because we have a better choice of who we get to work with in terms of customers.

Small Business 40

Small Business Federal Reserve Underwriting Finance 40

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

Fintech News

AUGUST 20, 2024

The chatbot is powered by Artificial Intelligence and an Application Programming Interface (API), connecting to MSIG’s underwriting and rating model to facilitate seamless quotations. The insurance offered, known as SUMO, covers property, liability, business interruption, and employee-related risks, with options for customisation. .”

Underwriting 75

Underwriting SWIFT Small Business Facilitators 75

PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. But most people forget that we're still talking about small businesses with a limited number of resources.".

Finance 142

Finance Small Business Underwriting B2C 142

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

The Paypers

NOVEMBER 19, 2018

(The Paypers) US-based BNB Bank has announced the integration with PayNet technology to enhance its underwriting process for small business loans.

Small Business 28

Small Business Underwriting Process Technology 28

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Kearney found 26 percent of small business cardholders have community banking relationships in place. There’s a lot of runway here.

Community Banks 47

Community Banks Small Business Credit Cards Due Diligence 47

The Fintech Times

JULY 30, 2024

By leveraging payment transaction data and providing loan underwriters with real-time credit data, Network International hopes to enable its SME merchants to access new sources of capital. The combination of our payments data with Biz2X’s digital underwriting prowess is a clear advantage to lenders and merchants alike.”

Underwriting 52

Underwriting Embedded Finance Risk Assessment Settlement 52

Finovate

APRIL 8, 2024

Lending Worth AI taps Equifax to help improve underwriting and risk management for small businesses. Data management Gen II Fund Services launches Sensr DataBridge to help private equity sponsors access crucial fund data.

FinTech 52

FinTech Underwriting Risk Management Small Business 52

Bank Automation

AUGUST 20, 2024

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process.

Transactions 68

Transactions Credit Union Underwriting Procedures 68

Finovate

APRIL 23, 2024

Parlay Protocol Parlay Protocol’s embedded fintech software empowers lenders to approve more small business loans, enhancing efficiency, loyalty, and revenue for financial institutions. Banks, credit unions, small businesses, and CDFIs.

Credit Union 52

Credit Union Reconciliation Cross-Border Small Business 52

The Paypers

OCTOBER 31, 2022

Universal API for small business data Codat has partnered with Open Banking platform Basiq to enable better underwriting for Australian businesses.

Underwriting 48

Underwriting Small Business API 48

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Utility account aggregation company Urjanet secured $14.65 Aye Finance. Pipe Technologies.

B2B 115

B2B Finance Small Business Underwriting 115

Finovate

MAY 10, 2024

Lenders can use the insights to aid in their underwriting decisions, drive more personalized experiences, and help improve financial management tools. Lenders can use these categories and attributes to aid in their underwriting decisions, drive more personalized experiences, and help improve financial management tools. billion.

Underserved 59

Underserved Consumer Identity Theft Underwriting 59

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

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. In other good news for SMBs, the government met its goal of awarding at least 23 percent of federal contracting dollars to small businesses, according to new data from the Small Business Administration.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 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

APRIL 2, 2020

has abruptly cut off credit to small business customers. Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. The company has furloughed workers as it deals with decreased spending at small companies. Lenders such as Fundbox Inc.

Small Business 78

Small Business Underwriting Adjustments Economy 78

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

Finovate

JANUARY 16, 2024

At the conference, TreviPay’s Rissi Lovern and Max Almerico demoed TreviPay’s Small Business Supplier Payments Network (SBSN). The network enables banks to offer a wide range of products to their small business customers via access to the small business B2B trade credit market.

Visa 59

Visa Payment APIs and Integration Gateways B2B 59

The Fintech Times

JULY 16, 2024

By leveraging line-by-line transaction data, Recap’s credit risk engine can assess a merchant and return a funding offer in under two minutes without any further underwriting requirements such as a credit check on the owner or management accounts or business bank statements.

ATM 95

ATM Transactions Credit Risk On-Demand 95

CB Insights

MAY 4, 2018

The small commercial insurance market makes up about one-third of the total commercial lines market in the US, generating around $100B in direct written premiums. By 2020, 15% — 30% of all small business insurance will be sold digitally, according to Morgan Stanley. Note: CB Insights users can access this search here.).

Small Business 36

Small Business Underwriting Agreements Continuity 36

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

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

Fintech Finance

JULY 15, 2024

By leveraging line-by-line transaction data, Recap’s credit risk engine can assess a merchant and return a funding offer in under two minutes without any further underwriting requirements such as a credit check on the owner or management accounts or business bank statements.

ATM 84

ATM Credit Risk On-Demand Underwriting 84

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

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

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

PYMNTS

APRIL 9, 2020

Oliver Kidd, chief executive officer at commercial card FinTech Archa , recently told PYMNTS that outdated application processes are a major turnoff for small businesses seeking credit and payments capabilities in the form of a corporate card, with significant negative consequences. ” Legacy Processes. ” Legacy Processes.

Commercial Card 60

Commercial Card Small Business Credit Cards Underwriting 60