
How Banks Can Avoid Losing Small-Business Loans to Fintechs
Fighting back against nonbanks like LendingClub and Funding Circle means adopting some of their digital tactics. But the benefits are many.
The latest news about business lending services, and the strategies banks use to grow loans and increase lending volume with SMEs and business owners.
Fighting back against nonbanks like LendingClub and Funding Circle means adopting some of their digital tactics. But the benefits are many.
A new fintech partnership enables sellers to finance their Amazon marketing through a 'pay-as-you-sell' approach.
The trend isn't the end of relationship banking, but partnering and a niche market focus will be essential, especially as CRE lending slows.
Greater acceptance of digital commercial lending processes has arrived as both financial institution lenders and prospects see the benefits.
Cross-industry acquisitions, once rare, have shot up under the pressure to grow. Policy issues threaten to quash the trend.
The PPP program not only created a halo effect, but opened the door for ongoing loan growth. Tech upgrades will be essential.
Despite progress in analytics, data-driven decision-making lags, especially with SMB customers, making them susceptible to poaching.
Formidable fintech foes like PayPal, Square and Stripe challenge even the biggest banks. Here's how the No. 2 U.S. bank is responding.
During the pandemic, banks and credit unions greatly surpassed fintechs in both lending volume and satisfaction among small businesses.
Technology has moved from limiting factor to enabler in small and midsize business lending for banks and credit unions that embrace it.
Rough times mean stepping up your digital game to fend off fintech niche players and adding relationship managers who are effective remotely.
Role of firms like Kabbage and Intuit in Paycheck Protection Program stomped on the gas of small firms' rising expectations.
Achieve a better return on your marketing investment. Leverage behavioral data and analytics to target the right customers with the best possible offers.
Read More about From Applicant to Borrower: Improve Your Marketing Offers
Along with the challenges come opportunities, including partnering with fintech providers in a platform arrangement, and enhanced onboarding.
The PPP crush spotlighted banks' lack of digital progress, giving fintech lenders an opening. It's not too late to regain the edge.
Drawn-out reopenings aren't helping a demoralized business sector rebuild credit and earnings. Federal commercial lending adds new twist.
COVID-19 aid package gives community financial institutions the chance to prove their worth in the crisis, says banker who jumped on it early.
During the COVID-19 crisis there are opportunities for financial institutions to help small businesses succeed after shelter-at-home ends.
Financial institutions are key to helping this vital sector of the economy, and speed is imperative now. Here's what some are doing.
Banks and credit unions are at risk of losing small business customers if they can't provide easy and fast borrowing options.
Here's a roadmap for community financial institutions looking to profitably lend to small businesses before online lenders steal the market.
Banks and credit unions should rethink their aversion to lending to early-stage businesses. Making technology and partnerships work will be key
The bank's innovative digital lending solution increases pressure on both fintechs and traditional institutions in a key battleground market.
Economic factors pushing credit unions like CSCU to Text Messaging and Video Banking – saving costs.
Read More about CSCU Cuts Call Center Costs 64% In 1 Year With Eltropy