Tag : big banks

Small Business Bank Loan Approvals Dropped Dramatically in March Biz2Credit Study
Banking Lending News

Small Business Bank Loan Approvals Dropped Dramatically in March: Biz2Credit Study

GlobeNewswire
by GlobeNewswire0
Biz2Credit Small Business Lending Index finds funding requests at banks declined after Silicon Valley Bank’s collapse; borrowers had more success with non-bank lenders. Small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, according to the latest Biz2Credit Small Business Lending Index™ released today. This marks is the......
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......
Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022
B2B Banking News

Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022

Fintech News Desk
by Fintech News Desk0
Loan approval percentages at banks, institutional lenders, and alternative lenders have risen in every month of 2022 Small business loan approval percentages at big banks ($10m + in assets) inched upwards from 15.3% in May to 15.4% in June, while small banks’ approvals also rose from 20.9% in May to 21.1% in June, according to the latest Biz2Credit Small Business......
Banking on Real-Time AI Florida Credit Union Sees 97% Reduction in Fraud
Banking News Security

Banking on Real-Time AI Florida Credit Union Sees 97% Reduction in Fraud

Fintech News Desk
by Fintech News Desk0
While many big banks are still struggling to advance from the experimentation phase to fully implementing Artificial Intelligence (AI) solutions, one Florida-based credit union has taken the leap and reaped enormous benefits. Using breakthrough RembrantAi technology from IT Solutions company, ToolCASE, Launch Credit Union prevented more than $1.8 million in fraud in 2021, a 97%......
Biz2Credit Small Business Lending Index  for August Finds Loan Approval Rates Rise at Banks and at Non-Bank Lenders
Business Finance News

Biz2Credit Small Business Lending Index  for August Finds Loan Approval Rates Rise at Banks and at Non-Bank Lenders

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) jumped from 13.8% in July 2021 to 13.9% in August, up by three-tenths of a percentage from one year ago. Meanwhile, small banks’ approvals also rose from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Small Business  “Small businesses are again borrowing to improve......
Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July
Banking News

Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) jumped from 13.6% in June 2021 to 13.8% in July, the same percentage as a year ago. Meanwhile, small banks’ approvals also rose from 18.9% in June to 19.1% in July, according to the latest Biz2Credit Small Business Lending Index released today. The approval percentage at small banks is......
Eastern Iowans to Get More Choices in Digital Banking
Banking Big Data Fintech Mobile Banking News

Eastern Iowans to Get More Choices in Digital Banking

Fintech News Desk
by Fintech News Desk0
– Mt. Vernon Bank & Trust Among First in Iowa to Upgrade to Core Technologies from DCI – Twenty miles outside of Cedar Rapids, IA, Mount Vernon Bank & Trust is making waves in banking fintech, putting big banks and big fintech companies on notice that they are no longer the only powerhouse......
GlobalFintechSeries Interview with Jerome Gudgeon, Chief Technology Officer at Global Processing Services
Banking Business Fintech Interviews

Global Fintech Interview with Jerome Gudgeon, Chief Technology Officer at Global Processing Services

Paroma Sen
by Paroma Sen0
How do you Reformulate Sales and Marketing Strategies for the New Normal? Catch these tips where leaders from Xactly, Upland Software, CloudShare and JotForm share their thoughts!...
Mindset Matters – Redefining Digtial Banking Transformation in the New World
Banking Fintech Guest Posts Mobile Banking

Mindset Matters – Redefining Digital Banking Transformation in the New World

Liz High
by Liz High0
A new study by Metia involving 500 financial marketers from a cross-section of US and European banks and credit unions reveals that the old ‘ build it and they will come’ mentality of IT-led digital banking transformation will not cut it in the new banking world. COVID-19 has created a......
Banking Fintech News

Small Business Loan Approval Rates at Banks Fell in August 2020: Biz2Credit Small Business Lending Index™

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) and small banks dropped slightly in August 2020, an indication that the upward trend that began in May has plateaued, according to the Biz2Credit Small Business Lending Index™ released today. “PPP loans came to a halt on August 8, and......
1