Tag : Paycheck Protection Program

Ocrolus
Banking Fintech News

Ocrolus Raises $80 Million In Series C Funding To Scale Its Financial Services Focused Document Automation Solution

Fintech News Desk
Company Makes Lending Significantly Faster And More Accurate; Achieves $500+M Valuation; Expands US Operations Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, announced $80 million in Series C funding led by Fin VC at a valuation north of $500 million. The company powers document......
Abrigo Launches Consumer Lending and Account Opening Solutions
Banking Digital Fintech Mobile Banking News

Abrigo Launches Consumer Lending and Account Opening Solutions

Fintech News Desk
Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for financial institutions, is excited to announce the launch of its consumer lending platform. Abrigo Consumer Lending is a fully digital end-to-end solution that automates the entire life of the loan. Abrigo’s consumer loan origination software enables financial......
Funding Circle Extends Partnership with Congressional Bank to Get More Capital to US Small Businesses
Finance Fintech News

Funding Circle Extends Partnership with Congressional Bank to Get More Capital to US Small Businesses

Fintech News Desk
Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, have announced an extension of their existing lending partnership to provide more capital to small businesses across the US. The second phase of the partnership will significantly expand Congressional’s purchase of loans through the Funding Circle......
Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders
Banking Business Finance News

Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index™ Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders

Fintech News Desk
Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.4% in April to 13.5% in May 2021, according to the latest Biz2Credit Small Business Lending Index™ released today. However, small banks’ approvals jumped higher from 18.2% in April, to 18.7% in May. “Loan approvals by small banks rose 0.3% as banks start to assess the......
M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding
Banking Finance News

M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding

Fintech News Desk
M&T Bank Corporation, the nation’s fifth largest Small Business Administration (SBA) lender in fiscal year 2020, today announced more than 58,000 of its business customers received approval for a total of about $9.8 billion in funding through the Paycheck Protection Program (PPP), which has now closed to most new applicants. M&T has......
Customers Bank Expands Consumer Installment Loan Program With Upstart
Artificial Intelligence Blockchain Fintech News

Customers Bank Expands Consumer Installment Loan Program With Upstart

Fintech News Desk
Upstart, a leading artificial intelligence (AI) lending platform, announced Customers Bank, a full-service super-community bank and subsidiary of Customers Bancorp, Inc., has expanded and extended its bank partnership with Upstart to scale its personal loan program through the Upstart Referral Network and its own consumer banking site. Through Upstart’s AI......
Customers Bank Continues National Expansion
Banking Fintech News

Customers Bank Continues National Expansion

Fintech News Desk
Nationally Ranked PPP Lender Introduces Commercial Banking Services in New Markets Customers Bank is building upon its national recognition for providing innovative banking products and services to commercial and consumer clients to advance its national expansion. The next phase of the national expansion will include new offices in Florida and......
FinTech Automation Named to WealthTech 100 List
Banking Business News

Oxford Bank Provided over $342 Million in PPP Loans for 1,354 Local Businesses Impacted by COVID-19

Nearly 20,000 Local Jobs Saved Oxford Bank announced today that it has processed 1,951 loans totaling $342,203,867 under the Small Business Administration’s Paycheck Protection Program (PPP) to help local small businesses support payroll and related costs, saving approximately 20,000 jobs within Southeastern Michigan. The average loan size was approximately $175,400. The PPP, which was......
Baron & Budd Investigates Potential Lawsuits Regarding Paycheck Protection Program Lender Fraud
Business News

Baron & Budd Investigates Potential Lawsuits Regarding Paycheck Protection Program Lender Fraud

The firm is investigating claims that PPP lenders may be issuing fraudulent PPP loans and accepting illegal kickbacks from borrowers Today, the national law firm of Baron & Budd announced it is investigating claims that some banks and lenders may be exploiting the Paycheck Protection Program by issuing fraudulent loans in exchange......
Biz2Credit Named to First-Ever Financial Times List of The Americas’ Fastest Growing Companies
Digital Fintech News

Biz2Credit Named to First-Ever Financial Times List of The Americas’ Fastest Growing Companies

Fintech News Desk
 Biz2Credit, a leading financial technology firm that develops industry-leading digital platform solutions for banks and other financial institutions, has been named to The Financial Times (FT)’s inaugural list of “The Americas’ Fastest Growing Companies 2021.” This prestigious award is presented by The FT and Statista Inc., the world-leading statistics portal and industry-ranking provider. The......