Search Results for: big banks

Business Loan Approvals at Big Banks and Credit Unions Continued to Slide in August
Lending News

Business Loan Approvals at Big Banks and Credit Unions Continued to Slide in August

GlobeNewswire
by GlobeNewswire0
Big bank lending to small businesses has stalled for over a year, while credit unions return to an all-time low. Loan approval percentages rose at regional and community banks and non-bank lenders. Small business loan approval percentages at big banks ($10 billion+ in assets) fell from 13.3% in July to 13.2% in August, according to the......
As Big Banks Fall, SMBs Turn to Alternative Funding
Banking News

As Big Banks Fall, SMBs Turn to Alternative Funding

Fintech News Desk
by Fintech News Desk0
Only 14% of growing businesses still prefer large national or international banks compared to alternative lenders, according to Capterra research As big banks collapse amidst inflation and rising interest rates, small and midsize businesses (SMBs) are disproportionately impacted as loans become more difficult to secure. Capterra‘s 2023 Financing Survey of over 450......
New Survey Finds That Small Business Lending Remains Stable Despite Turbulence in Big Banks
Lending News

New Survey Finds That Small Business Lending Remains Stable Despite Turbulence in Big Banks

PR Newswire
by PR Newswire0
Lendio, the nation’s leading small business financial solutions provider, released the findings of a new polling of the top 21 lenders and funders in its marketplace, in the wake of the FDIC’s recent takeover of two large banks, to better understand the current state of lending and access to funds......
For Middle Market Companies, Economic Uncertainty and a Technology Gap Heighten Appeal of Big Banks
Banking News

For Middle Market Companies, Economic Uncertainty and a Technology Gap Heighten Appeal of Big Banks

Business Wire
by Business Wire0
Concerns about an economic downturn have made middle market companies more conservative when managing their banking relationships. Latest Fintech Insights :  MoneyLion Partners with Column Tax to Offer Customers Free Tax Services “Intuitive digital solutions are the key to improving the client experience” Over the past six months, perceptions of......
Small Business Satisfaction With Merchant Services Providers Surges, Led By Big Banks, J.D. Power Finds
Banking Business News

Small Business Satisfaction With Merchant Services Providers Surges, Led By Big Banks, J.D. Power Finds

Fintech News Desk
by Fintech News Desk0
-Long live credit cards, debit cards and digital wallets! With paper currency now used in just 19% of consumer payments, and use of payment cards, electronic payments and mobile payment apps surging, small businesses are increasingly reliant on a strong relationship with their merchant services payment processor. According to the......
Cashing in: Study shows banks investing big in GenAI, and it's paying off
Artificial Intelligence Banking Finance Fintech News

Cashing in: Study shows banks investing big in GenAI, and it’s paying off

PR Newswire
by PR Newswire0
Banking tops other industries in adopting the technology for marketing, risk management, customer service and more A new report on the use of generative AI in banking finds that financial services leads other industries in implementing the technology. A recent survey found that 17% of banking leaders have fully integrated......
Startups Flock to Too-Big-To-Fail Banks
Banking Fintech Startups News

Startups Flock to Too-Big-To-Fail Banks

PR Newswire
by PR Newswire0
According to data from Kruze Consulting, the percent of startups with too-big-to-fail bank accounts went from 9% in February to 72% in April Based on data from 160+ venture fund startups and more than $2 billion in cash, startups have been flocking to the major banks like JP Morgan, Morgan Stanley and......
German Banks Respond to Big Changes With Transformation
Banking News

German Banks Respond to Big Changes With Transformation

Fintech News Desk
by Fintech News Desk0
Traditional banks are modernizing systems and business models as new competitors and products disrupt the industry, ISG Provider Lens report says Most banks in Germany are digitally transforming themselves as new competitors, regulations and consumer expectations trigger historic changes in the country’s banking industry, according to a new research report published......
JD Power Reports Big 5 Canadian Banks Losing Traction in Customer Satisfaction
Banking Featured News

JD Power Reports Big 5 Canadian Banks Losing Traction in Customer Satisfaction

Sudipto Ghosh
by Sudipto Ghosh0
According to JD Power’s latest report, the overall satisfaction among bank customers in Canada declined year over year, especially among customers of Big 5 banks. The findings have been published in the J.D. Power 2021 Canada Retail Banking Satisfaction Study. Compared to the midsize banks, the overall satisfaction of 787......
Fireblocks Raises $133 Million in Series C Funding To Bring the World’s Biggest Banks and Fintechs Into Crypto
Blockchain Fintech News

Fireblocks Raises $133 Million in Series C Funding To Bring the World’s Biggest Banks and Fintechs Into Crypto

Fintech News Desk
by Fintech News Desk0
Technology used to secure more than $400 billion of assets for the crypto industry will now be made available to traditional banks and fintechs in their race to meet digital asset demand Fireblocks, announced it has raised $133 million in Series C funding led by Coatue, Ribbit, and Stripes with......
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