The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday. With their earnings reports...
Small and medium-sized businesses (SMBs) and their owners are the backbone of local economies worldwide. And they haven’t had it easy, not recently. That’s because they have to big needs: streamlined access to capital to expand their businesses and keep the lights on, and the...
Citi and LuminArx have introduced a financing tool for the private lending market. Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will offer a wide range of private credit solutions to companies, including Citi’s client base, the companies said in a news release....
Many Main Street small businesses are operating on the brink without adequate capital to survive a downturn, making access to finance a critical consideration in 2023. This is analyzed in the study Main Street Health Q1 2023, a PYMNTS and Enigma collaboration, based on survey responses from more...
September 23, 2021
As Ocrolus CEO and Co-founder Sam Bobley put it, there’s never been a data capture technology that could analyze financial documents of any format or quality with perfect accuracy. Add in low-quality images and thousands of different document formats and the problem gets even worse. By working to solve that problem, Ocrolus has taken […]
October 01, 2019
When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. Consumer, enterprise and SMB lending all ground to a near halt and...
March 01, 2018
Securing bank financing for a small business (SMB) is neither fast nor easy, but the people running those SMBs need it to be both. For financial institutions (FIs), too, it’s...
April 16, 2024
The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday. With their earnings reports released Tuesday, they joined three other top banks — Citigroup, JPMorgan Chase and Wells […]
January 18, 2024
Citi and LuminArx have introduced a financing tool for the private lending market. Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will offer a wide range of...
February 01, 2023
Loanspark has launched a co-branded lending service that helps B2B firms offer business funding products. With this new FinTech service, organizations can generate additional business revenue while meeting their clients’ needs...
December 29, 2022
The growth of business and consumer lending in the eurozone slowed in November. According to the latest figures from the European Central Bank (ECB) published on Thursday (Dec. 29), the...
