loans

StreetShares Nets $10M To Expand SMB Lending Tech

StreetShares Nets $10M To Expand SMB Lending Tech
StreetShares Nets $10M To Expand SMB Lending Tech
October 25, 2020  |  B2B Payments

FinTech StreetShares, which works to aid financial institutions (FIs) in providing loans for small- to medium-sized businesses (SMBs), has secured $10 million in a funding...

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Capital One Reports Drop In Domestic Card Average Loans Amid Pandemic
Capital One Reports Drop In Domestic Card Average Loans Amid Pandemic
October 23, 2020  |  Earnings

Capital One reported on Thursday (Oct. 22) that domestic card average loans fell in Q3, as consumers spent less and saved more amid the pandemic....

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Grab’s Earnings Bouncing Back To Pre-COVID Numbers
Grab’s Earnings Bouncing Back To Pre-COVID Numbers
October 22, 2020  |  Earnings

Singapore’s mobile tech giant Grab is seeing solid recovery, with revenue bouncing back to 95% of pre-pandemic levels, according to a Thursday, Oct. 22 Reuter’s...

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HSBC To Eliminate As Many As 300 UK Commercial Banking Jobs
HSBC To Eliminate As Many As 300 UK Commercial Banking Jobs
October 21, 2020  |  Personnel

HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. Get the Full Story Complete...

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Swedish Startup Lendify Closes $115M Funding Deal
Swedish Startup Lendify Closes $115M Funding Deal
October 21, 2020  |  Investments

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. 21). Get...

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Google Cloud’s AI Tool Automates Mortgage Document Processing
Google Cloud’s AI Tool Automates Mortgage Document Processing
October 19, 2020  |  Loans

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. Get the Full Story Complete the...

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Closing The B2B Trade Credit Gap With AI, Machine Learning
Closing The B2B Trade Credit Gap With AI, Machine Learning
October 19, 2020  |  B2B Payments

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...

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PPP, SMBs And The Challenges Of KYC
PPP, SMBs And The Challenges Of KYC
October 16, 2020  |  Loans

The House Select Subcommittee on the Coronavirus Crisis found the U.S. Treasury Department encouraged banks to prioritize existing customers applying for PPP loans — allegedly...

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Payments Provider Contis Teams With UK FinTech Ordo On Real-Time Payments
Payments Provider Contis Teams With UK FinTech Ordo On Real-Time Payments
October 14, 2020  |  Faster Payments

European payments provider Contis is partnering with U.K.-based FinTech Ordo to help speed up bank transfers for businesses, simplify loan repayments and more, according to...

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