PYMNTS

JUNE 26, 2020

The first half of 2020 has been rough on small businesses of all kinds, whether they had to close their doors due to public-health orders or had to relocate their staff to working from home virtually overnight. It’s required lots of on-the-spot innovation as firms had to massively rethink their operations from the ground up.

Small Business 70

Small Business Payments Online and Mobile Banking Contactless Payments 70

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

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies. Identity spoofing, meanwhile, has increased 20 percent.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

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

Finovate

JULY 16, 2024

FIS’ new SMB Digital Lending solution seeks to offer small and medium-sized businesses (SMBs) easier access to capital by streamlining and automating the lending process for financial institutions. The new lending tool provides fully automated decisioning by combining big data and machine learning with underwriting expertise.

Facilitators 59

Facilitators Underwriting Small Business Automation 59

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

OCTOBER 21, 2019

Accounting platforms are increasingly positioning themselves at the center of the small business ecosystem,” he said, adding that this evolution “makes a lot of sense” with many companies considering the accounting portal the “single source of truth” for company finances. feel like a second job.”. Expanding Open Banking’s Horizons.

Small Business 40

Small Business Payment APIs and Integration Underwriting Value Added Service 40

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

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

PYMNTS

APRIL 26, 2017

In a press release , nCino said it has enhanced its small business lending functionality by adding online application, underwriting automation and e-signatures, as well as integrated document preparation tools, to allow small businesses to get financing more quickly.

Small Business 40

Small Business Credit Union Automation Underwriting 40

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

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 30, 2017

This year, Black Friday , Small Business Saturday and Cyber Monday all raised the bar on holiday shopping levels. Tis the season for a surge in spending, especially at small businesses (SMBs). For some businesses, seasonal shifts simply mean winter in the U.S. coincides with a dip in sales and a cash flow crunch.

Small Business 40

Small Business Processors Point-of-Sale (POS) On-Demand 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 86

Underwriting SWIFT Small Business Facilitators 86

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 81

Transactions Credit Union Underwriting Procedures 81

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

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

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

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

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

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

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 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

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

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

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 Review

NOVEMBER 12, 2024

These fintechs use technology to improve credit assessment and underwriting processes, making loans more accessible and affordable. JPMorgan Chase and OnDeck JPMorgan Chase partnered with OnDeck, a fintech specialising in online small business loans.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105

PYMNTS

JULY 1, 2019

Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business (SMB) borrowers. On average, the company said, credit underwriting can take as long as 30 days to complete. Main Street companies are starving for capital.

Automation 55

Automation Underwriting Small Business Encryption 55