PYMNTS-MonitorEdge-May-2024

SMB lending

China Sees Rise In ‘Auto-Backed’ Small Business Lenders
China Sees Rise In ‘Auto-Backed’ Small Business Lenders
November 28, 2018  |  B2B Payments

Some alternative lenders in China have a unique way of mitigating the risk of borrower defaults: attaching a tracking device to borrower vehicles. Reports in...

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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
November 27, 2018  |  B2B Payments

The metaphor has been repeated countless times: Small businesses (SMBs) are the backbone of the economy. So, access to capital isn’t just essential for these...

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SMB Lending Crunch Hits China
SMB Lending Crunch Hits China
November 26, 2018  |  B2B Payments

Small businesses (SMBs) in China are struggling to access bank loans with large, state-owned corporations, according to recent analysis from French trade credit insurer Coface,...

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HSBC Digitizes SMB Lending In Canada With Biz2Credit Partnership
HSBC Digitizes SMB Lending In Canada With Biz2Credit Partnership
November 20, 2018  |  B2B Payments

HSBC Bank Canada is collaborating with alternative lending firm Biz2Credit to streamline and digitize small business lending in the country. A press release issued Monday...

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Major Australian Banks Don’t Want Regulatory Overhaul
Major Australian Banks Don’t Want Regulatory Overhaul
November 12, 2018  |  B2B Payments

Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank, Westpac, NAB and...

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PayPal Working Capital Steps Into Germany
PayPal Working Capital Steps Into Germany
November 08, 2018  |  B2B Payments

PayPal is broadening its small business financing offering into the German market, a press release announced on Wednesday (Nov. 7). PayPal Working Capital will launch...

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How Asset-Based Finance Mixes Tradition With Innovation
How Asset-Based Finance Mixes Tradition With Innovation
November 07, 2018  |  B2B Payments

As in payments, small business (SMB) lending has seen a heightened demand for speed — faster application processes, underwriting, decision-making and payouts. While it may...

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Microsoft, Interswitch Introduce Blockchain Trade Finance In Nigeria
Microsoft, Interswitch Introduce Blockchain Trade Finance In Nigeria
November 06, 2018  |  B2B Payments

Microsoft is partnering with pan-African digital payments and commerce firm Interswitch Group to develop a blockchain-powered supply chain finance solution for small and medium-sized businesses...

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Open Banking Connects iwoca To Lloyds Account Data
Open Banking Connects iwoca To Lloyds Account Data
November 01, 2018  |  B2B Payments

U.K.-based alternative small business lender iwoca is linking into data from Lloyd’s Bank accounts to streamline loan underwriting for joint customers. In an announcement on...

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