Search Results for: alternative lenders

Why A Data-Driven Approach to Digital Lending and Portfolio Management is Key for SMB Lenders
Guest Posts Lending

Why A Data-Driven Approach to Digital Lending and Portfolio Management is Key for SMB Lenders

Will Tumulty
by Will Tumulty0
Small businesses in the U.S. continue face challenges ranging from recessionary concerns, to rising inflation, labor shortages, and ongoing supply-chain issues, among others. The net effect is a current SMB closure rate of nearly 38% nationally and while some of this is attributable to factors such as lack of market......
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......
Lending Enablement Solutions Drive ROA Attainment for Automotive Lenders, Open Lending Survey Finds
Lending News

Lending Enablement Solutions Drive ROA Attainment for Automotive Lenders, Open Lending Survey Finds

Business Wire
by Business Wire0
New data validates the role of automated decisioning and risk analytics in financial institutions’ performance, with 95% of Lending Enablement users meeting ROA targets Open Lending Corporation, an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, released its Lending Enablement Benchmark report. The goal of the......
Taktile Launches Data Marketplace with Leading Data Providers to Empower Lenders
Banking Fintech News

Taktile Launches Data Marketplace with Leading Data Providers to Empower Lenders

Business Wire
by Business Wire0
Taktile partners with Codat, CRS, and others to provide easy access to traditional credit, identity, fraud, open banking, accounting and alternative data Taktile, the leading automated decisioning platform, announced the launch of its Data Marketplace as part of its mission to revolutionize how fintechs and banks harness data to make decisions. “Our......
LendingTree Adds Funding Circle to Its Marketplace Network of SMB Lenders And Products
Lending News

LendingTree Adds Funding Circle to Its Marketplace Network of SMB Lenders And Products

Business Wire
by Business Wire0
Small Business Term Loans from Funding Circle Now Available to LendingTree Customers Funding Circle, the online platform for small business loans, announced that it has partnered with one of the nation’s largest online lending marketplaces, LendingTree, to offer LendingTree business customers access to fast, affordable financing from Funding Circle. “predicting......
NAV Facilities Gain Momentum Among Alternatives Funds
Fintech News

NAV Facilities Gain Momentum Among Alternatives Funds

Business Wire
by Business Wire0
Growth in Net Asset Value (NAV) credit facilities has increased exponentially in importance among private equity and other alternative investment funds since the pandemic relative to the secondary trading of assets as a means of creating liquidity, according to the Citco group of companies (Citco). Latest Fintech Interview: Global Fintech......
B2B Business Digital News

Biz2Credit Sees Growth In Business Loan Approval Rates At Non-Bank Lenders

Fintech Staff Writer
by Fintech Staff Writer0
Small business loan approval rates at credit unions continue to drop. In January, credit unions approved 20.1% of loan requests, down one-tenth of a percentage from December. Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the......
Arch Launches as the First Platform to Provide Single Loans Against Alternative Assets Helping Investors Disadvantaged by Traditional Lending Services
Lending News

Arch Launches as the First Platform to Provide Single Loans Against Alternative Assets Helping Investors Disadvantaged by Traditional Lending Services

Fintech News Desk
by Fintech News Desk0
Backed by Tribe Capital, Castle Island Ventures, Picus Capital, Global Founders Capital, and more, Arch has completed $250,000 in loans pre-launch Arch, the first lending platform to provide a single loan across combined alternative assets, announces its official launch today. With an increase of individual investors holding their wealth in......
Rising Economies Flock to Instant Alternative Payments vs. Cards in the World’s Most Innovative Regions for Fintech, per Ebanx’s Annual Beyond Borders Report
Digital Payments Fintech News

Rising Economies Flock to Instant Alternative Payments vs. Cards in the World’s Most Innovative Regions for Fintechs, per Ebanx’s Annual Beyond Borders Report

Fintech News Desk
by Fintech News Desk0
In Latin America and Africa, the world’s two fastest-growing regions for digital buyers, new business opportunities are fueling payments innovations. Other key findings of EBANX’s study: cross-border digital commerce is booming across LatAm through 2025; and travel is leading a comeback EBANX, a fintech company that specializes in international payments in rising markets,......
Lokyata Announces New Platform Enhancements To Modernize Decision Automation For Financial Institutions, Lenders
Finance News

Lokyata Announces New Platform Enhancements To Modernize Decision Automation For Financial Institutions, Lenders

Fintech News Desk
by Fintech News Desk0
-Enhances Consumer, Small Dollar and Auto Lending Processes- Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, has released a number of platform enhancements to help lenders further automate loan decisioning to save time, minimize manual work, standardize processes, and improve underwriting performance. The company......
1