Search Results for: loan applications

Biz2Credit Study Finds Credit Scores and Average Earnings of Women-Owned Businesses Rose, Yet Loan Approvals Lagged in 2020
Finance Fintech News

Biz2Credit Study Finds Credit Scores and Average Earnings of Women-Owned Businesses Rose, Yet Loan Approvals Lagged in 2020

Fintech News Desk
by Fintech News Desk0
Analysis of 40,000 Firms Finds Revenues and Costs Down; Texas and California Are The Top States for Loan Requests from Women-Owned Firms The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew, primarily because expenses decreased during the pandemic. Women-owned business earnings averaged......
Revenued Simplifies PPP Loan Application Process
Artificial Intelligence Banking Business Fintech InsurTech Investment Services News Risk Management

Revenued Simplifies PPP Loan Application Process

Fintech News Desk
by Fintech News Desk0
Clear guidelines and proprietary software cut approval time from days to minutes Revenued is a pioneering small business financing company that so far has over 30,000 second-round Paycheck Protection Program (PPP) loans approved by the SBA. The firm recently conducted an informal survey to help them better understand and improve......
AIO and Finastra awarded $1M grant from the BIRD Foundation to expedite banks' customer onboarding and loan origination
Banking Business Fintech News

AIO and Finastra Awarded $1m Grant From the BIRD Foundation to Expedite Banks’ Customer Onboarding and Loan Origination

Fintech News Desk
by Fintech News Desk0
AIO – Verified Financial Identity, a Fintech company based in Tel Aviv, and Finastra, today announced that they have been awarded a USD $1 million grant from the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation for the co-development of a digital customer onboarding solution. Developed by AIO and available......
Cleareye.ai Taps Microsoft Azure For PPP Loan Processing Engine
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Cleareye.ai Taps Microsoft Azure For PPP Loan Processing Engine

Fintech News Desk
by Fintech News Desk0
Cleareye.ai, a leading fintech platform that transforms banks into hyper-agile organizations, today announced it is collaborating with Microsoft. Cleareye.ai’s enterprise-ready platform will use Microsoft technology to power its products, starting with the PPP Loan Forgiveness Processing Engine, which will be powered by Microsoft Azure. This offering is a Microsoft Azure......
Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January
Banking Fintech Fintech Funding Investment Services News Trading

Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to the latest Biz2Credit Small Business Lending Index™ released today. In comparison, one year ago in January 2020, big banks approved a record high......
Abrigo Helps Community Financial Institutions Secure More than $6 Billion in PPP Loans in 2021
Fintech News

Abrigo Helps Community Financial Institutions Secure More than $6 Billion in PPP Loans in 2021

Fintech News Desk
by Fintech News Desk0
Abrigo is proud to announce that it has helped community financial institutions secure more than 53,000 Paycheck Protection Program (PPP) loans totaling more than $6 billion through its Abrigo PPP Solution since the latest round of the program opened January 11, 2021. Abrigo has enabled more than 380 financial institutions......
Intuit-QuickBooks-Debuts-New-Campaign-to-Spotlight-Small-Businesses’-“Journey-to-Success”
Banking Fintech News

Intuit QuickBooks Capital to Help Small Businesses Access Additional PPP Loans as SBA-Approved Lender

Fintech News Desk
by Fintech News Desk0
WHAT The Coronavirus Response and Relief Supplemental Appropriations Act of 2021, a $900 billion relief package, includes an additional $284.45 billion in Paycheck Protection Program (PPP) funding to help small businesses. In addition to providing funds for first-time borrowers, the new law provides small businesses with an opportunity to apply......
M&T Bank Enlists Point Predictive’s Powerful Outsourced Fraud Mitigation to Keep Auto Loan Risk at Bay
Banking Fintech News Risk Management

M&T Bank Enlists Point Predictive’s Powerful Outsourced Fraud Mitigation to Keep Auto Loan Risk at Bay

Fintech News Desk
by Fintech News Desk0
Point Predictiv, the San Diego-based company that provides machine learning solutions to the lending industry, today announced that M&T Bank has adopted the company’s Outsourced Fraud Mitigation (OFM) service to maintain the upper hand in the fight against auto loan fraud. Read More:Rellevate and Richard Petty Announce the Richard Petty......
Banking Fintech News

FIS Sees Robust Processing Volumes on Real-Time Lending Platform for Latest Round of PPP Loans

Fintech News Desk
by Fintech News Desk0
Financial technology leader FIS® (NYSE: FIS) announced today that it is seeing robust processing volumes on its Real-Time Lending (RTL) platform in the newest round of funding under the Small Business Administration’s Paycheck Protection Program. Through the first two weeks of the program, FIS has successfully processed nearly $8 billion......
COVID-19 is Digitally Transforming Commercial Lending; Banks See Mass Adoption of Businesses Applying for Paycheck Protection Program Loans Online
Banking Fintech News

COVID-19 is Digitally Transforming Commercial Lending; Banks See Mass Adoption of Businesses Applying for Paycheck Protection Program Loans Online

Fintech News Desk
by Fintech News Desk0
Lenders using Numerated to process PPP loans are seeing 82 percent of businesses choosing to apply online, with 9 out of 10 businesses reporting high levels of satisfaction COVID-19 has accelerated the shift to digital across industries, and commercial banking is no exception. Banks and credit unions representing more than......
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