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| Is Small Business Lending Stuck in the Friend Zone? Read more |
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Noah Breslow The Discussed PNC Bank Deal at Money2020 "We’re keeping a laser focus on small business lending," Breslow said, when asked if OnDeck would begin to serve other segments of the market, like student or auto loans. Read more |
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GOING NATIONAL: How David Gilbert Built One of the Largest Small Business Lenders in the Country |
| As featured in the Sept/Oct magazine issue Read more |
Sir Richard Branson Adds Charm, Not Expertise, to Money 2020 |
| While over 20 years ago Branson founded Virgin Money, a sizable UK-based bank, he demonstrated clear discomfort and disinterest in talking about banking. Read more |
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NYIC – IFA Northeast – AFBA – deBanked Conference Recap |
| The New York Institute of Credit (NYIC) hosted a conference in Manhattan with attendees from several segments of the commercial finance industry, including factoring, MCA, and asset based lending. Approximately 100 registrants gathered at Arno Ristorante in the garment district section of midtown. In addition to local New York firms, attendees travelled from as far as Chicago and California to be at the event. Read more |
Regulators Say ‘Sandboxes’ Work |
| According to Cook, a regulatory sandbox is an arrangement between a company and a regulator where, in order to test the viability of a new business or product, the regulator grants some kind of allowance to the company for a fixed period of time in exchange for the regulator’s ability to observe carefully how the new business or technology works and behaves in the market. Read more |
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Heard at Money2020 |
| Celebrities including Shaquille O'Neal put in their two cents at the major financial conference Read more |
HSBC partners with Avant |
| Via Bloomberg: Beginning in the first half of next year, London-based HSBC’s U.S. arm will employ Avant’s Amount platform to offer loans of as much as $30,000 with terms up to five years, according to a press release. Consumers will be able to apply in minutes and have the money in their account within a day. Rates will go from 5.99 percent to the low-20 percent range Read more |
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National Business Capital surpasses $1B in originations |
| ational Business Capital (NBC), a leading business financing and services company based in Long Island, NY announced it has provided over $1 billion in financing for small businesses across all industries, and all 50 states. This landmark achievement comes 10 years after NBC's creation in 2007—a time when financing was notoriously difficult to obtain for small business owners Read more |
SoFi CEO Anthony Noto Sees Volatile Rates as an Opportunity |
| Via CNBC Read more |
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How Regulators Like to be Approached |
| When the first person to broach the issue an a lobbyist, one regulator said he puts them on ignore Read more |
Square Expands into Consumer Lending, Keeps Banking Hopes Alive |
| Square is no stranger to payments and is looking more and more like a bank every day. Square Capital already facilitates loans to small businesses, and now they’re expanding into consumer loans. Meanwhile, it’s been several months since Jack Dorsey’s fintech startup withdrew its application to become an Industrial Loan Company (ILC), but Square’s banking pursuits appear far from over Read more |
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Get Certified in MCA Basics |
| Make sure you know how MCAs really work before you sell them Read more |
Is Your Firm Ready for Machine Learning? |
| From deBanked's Sept/Oct issue - Artificial intelligence such as machine learning has the potential to dramatically shift the alternative lending and funding landscape. But humans still have a lot to learn about this budding field Read more |
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