Crowdfunding sites have started to be a big influx in interest from small businesses looking to raise capital; the Paycheck...
In an op-ed in American Banker the executive director of the Marketplace Lending Association, Nat Hoopes, argues that small banks...
Lincoln Savings Bank is a 117-year-old community bank based in Iowa; but five years ago they started a fintech initiative...
The Community Home Lenders Association and the Community Mortgage Lenders of America sent a joint letter to the CFPB asking for more clarity around surprise audits; the companies cite exemptions for small banks but they don’t have the same type of exemption for small nonbanks; they believe if the state regulator in which they operate requests a formal action then an audit can go ahead but surprise audits should not be permitted. Source.
According to research by JP Morgan Asset Management and Platforum only 3 percent of advisers offer automated wealth management services; the main reasons were cost of implementing, clients not interested and concerns about security. Source.
While most big banks are reluctant to enter into the crypto space, many smaller banks are capitalizing on the opportunity;...
Albert is a personal financial management app that allows users to text in questions that are answered by human advisors;...
SmartBiz is expanding its Small Business Administration (SBA) loan offerings to include a new online SBA commercial real estate loan; SmartBiz is an online marketplace providing small business owners with SBA loan financing options facilitated through banks; its new commercial real estate offering will include the SBA 7(a) commercial real estate loan. Source
Five Star Bank will join the technology ecosystem of SmartBiz Loans; as an SBA loan partner, Five Star Bank's loans will now be available as a loan financing option for small businesses seeking funding on the SmartBiz Loans platform; in addition to matching services, SmartBiz Loans also helps to support fast and efficient loan processing through its bank-enabling technology; the partnership will help increase the availability of loans for small businesses on the platform and also support new business development for Five Star Bank. Source
SMB payments solutions startup SpotOn has raised a $50mn series B growth round from 01 Advisors, Dragoneer Investment Group, Franklin...