Tagged: credit unions

July 18, 2020 @ 7:03 pm By Omar Faridi  |  

Gina DeCorla, a Senior Analyst for the Boston-based Informa Financial Intelligence, a company that helps financial institutions make informed decisions and take decisive action, has argued that credit unions do not need to partner with Fintech firms in order to survive. DeCorla notes that the… Read More

May 14, 2020 @ 7:39 pm By Omar Faridi  |  

Community banks and credit unions have been finding it difficult to keep their platforms updated with the latest innovations because of limited capacity, lack of industry skills and expertise, and relatively small budgets. Due to these limitations, small lenders have been working with Fintech firms,… Read More

April 10, 2020 @ 4:40 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Friday its Biz2X platform is now being offered free of charge to banks and credit unions with assets under $10 billion that are offering CARES Act Paycheck Protection Program (PPP) loans. As previously reported, the Biz2X platform enables… Read More

March 30, 2020 @ 4:53 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Monday the launch of Biz2X Accelerate SBA, a platform that enables banks and other financial institutions to efficiently respond to the influx of loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP)… Read More

March 24, 2020 @ 3:41 pm By JD Alois  |  

Citi is the most recent traditional bank to tell customers that some branches are closed due to the Coronavirus pandemic. Citi operates over 4600 branches around the country.  A report in Bloomberg today laid the blame at the drop in foot traffic to the bank… Read More

October 28, 2019 @ 5:50 pm By Cali Haan  |  

Following, “an in-depth technology scouting and evaluation process,” FintechAccel | CU, a Fintech innovation platform for the credit union industry, has named 8 startups as that will represent the organization’s inaugural cohort at SherpaFUSE 2019, Sherpa Technology’s annual credit union conference taking place November 4-6 in… Read More

September 27, 2019 @ 4:18 am By Omar Faridi  |  

The majority of US-based credit unions seeking mergers intend to work with banks or Fintech firms, instead of merging with another credit union, according to a recent study by Chicago-based consulting company West Monroe Partners. West Monroe noted in its report: “Credit union leaders feel… Read More

November 6, 2017 @ 2:05 pm By Samantha Hurst  |  

LendKey, a lending-as-a-service solution for banks and credit unions, announced on Monday it has formed a partnership with Allied Solutions to offer its digital lending solutions, including unique and innovative loan participation programs, to Allied’s more than 4,000 clients.   According to LendKey, Allied is… Read More

June 13, 2017 @ 8:10 am By JD Alois  |  

The US Department of Treasury is out with its first report in a series addressing regulatory reform regarding the financial services industry.  Due to the enormity of the task, Treasury will divide its review of the financial system into a series of reports. While Fintech… Read More

May 16, 2017 @ 2:37 am By Jonathan Nieh  |  

  Equity crowdfunding and credit unions are a match made in heaven, according to a recent article on Business News Daily. At the heart of equity crowdfunding is the goal of democratizing capital formation; allowing companies to raise money from online communities of investors who campaign… Read More

June 8, 2016 @ 1:11 pm By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, released its monthly lending index that revealed loan approval rates at big banks ($10 billion+ in assets) and institutional lenders increased while small banks, alternative lenders and credit unions experienced a drop in their loan approval rates in the last… Read More

April 5, 2016 @ 11:26 am By Samantha Hurst  |  

On Tuesday, a small business financial technology platform, Biz2Credit, released its latest Small Business Lending Index, which revealed that loan approval rates at big banks and institutional lenders have hit new highs in March 2016. According to the report, big banks ($10 billion+ in assets) approved 23% of funding… Read More

January 13, 2014 @ 10:40 am By Charles Luzar  |  

A new crowdfunding platform called Breakaway Funding launches next Tuesday. It aims to provide both equity-based and debt-based crowdfunding models for companies seeking to access the crowd’s capital. In order to take advantage of a new and ample source of business capital made available by the… Read More