Tagged: banks

Down Again: Biz2Credit Reports Small Business Loan Approvals by Banks Continue to Decline

Loan approval rates at both big banks and small banks dropped in January 2016, according to the Biz2Credit Small Business Lending Index, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit. Additionally, loan approval percentages at credit unions fell to an… Read More

Biz2Credit’s December Lending Index: Small Business Loan Approval Rates End Year on High Note

On Tuesday, Biz2Credit revealed that according to its December 2015 small business lending index, approval rates at institutional lenders and big banks improved to a new post-recession highs. The small business financial technology platform revealed as the U.S. economy has steadily improved, big banks and institutional… Read More

Major Japanese Bank Mitsubishi UFJ Said To Create Division For Fintech Research

Japan’s banks are beginning to say konnichiwa with more enthusiasm to Fintech: Mitsubishi UFJ Financial Group Inc., a major Japanese bank, has created a unit to research and develop new financial technologies, according to sources cited in a recent Bloomberg story. A spokesman for Mitsubishi UFJ in Tokyo, Taiki… Read More

Also Sprach Zopa: A Decade of Reflection, Current Research Findings & a Slick Video

2005: A Zopa Odyssey In these weeks, Zopa has celebrated a decade as a innovative and disruptive alternative financial leader.  Led by CEO Giles Andrews,  Zopa has lent over £750 million and predicts it will top £1 billion within the next couple of months.  To recap, in… Read More

Report: Lending to SMEs Declines as Banks Attempt to Ease Loan Process

The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined.  Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the… Read More

WATCH: Lending Club CEO Renaud Laplanche Testifies Before House Committee On Small Business

On Thursday, December 5th 2013, Lending Club Founder and CEO Renaud Laplanche provided the following testimony to the House Committee on Small Business, and specifically the Subcommittee on Economic Growth, Taxes and Capital Access. A survey released by the Federal Reserve Bank of New York… Read More

#Crowdfunding News Roundup: November 18, 2013

Paul Niederer | Crowdfunding and Innovation Paul Niederer is the founder of the Australian Small Scale Offerings Board (ASSOB) and an equity crowdfunding pioneer. On his blog, he explains that crowdfunding is about more than just raising money and goes on to explain how crowdfunding… Read More

#Crowdfunding News Roundup: November 11, 2013

PCMag | Can Crowdfunding Give the Private Space Race a Boost? PCMag takes a look at the private space race in the context of a company called the LiftPort Group. LiftPort raised over $110,000 on Kickstarter to build a prototype with an eye toward building… Read More

Indiegogo CEO Rubin: Equity Has “Chance To Be Major Part Of Our Business”

We recently had a chance to interview Indiegogo CEO and co-founder Slava Rubin. We asked him about the SEC’s recently-proposed crowdfunding rules, how they may affect Indiegogo’s propensity to enter the equity space in the future and where Rubin and his team sees their platform… Read More

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