The payment and commerce platforms PayPal, Shopify and Block have long been developing ecosystems for merchants. For the small to mid-sized businesses, signing on to some services (such as payments processing) provides an onramp to accessing funding, via capital solutions that can help them meet...
Block, formerly known as Square and the owner of Cash App, has distinct ambitions. And they vary for each of its business lines. Outside of Square and Cash App, Block also counts the buy now, pay later service Afterpay; decentralized finance and Web3 platform TBD; Tidal, a...
LendingClub’s latest quarterly results show an acceleration of loan originations, and banks have moved back to the company’s platform as consumers look for ways to consolidate and pay down debt — particularly credit card debt. The company’s earnings supplementals indicated that loan originations were up...
Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly true for small to mid-sized businesses (SMBs). While 70% of FIs have automated consumer lending, only 33% have done so...
November 18, 2024
“Complexity powers the status quo,” Karen Webster wrote in a recent column. And in financial services — particularly for credit unions — complexity in the back office, and in member-facing interactions, the status quo is no longer acceptable. The constant flow of interactions between consumers, businesses and CUs demands a seamless and friction-free experience — […]
November 14, 2024
The payment and commerce platforms PayPal, Shopify and Block have long been developing ecosystems for merchants. For the small to mid-sized businesses, signing on to some services (such as payments...
October 16, 2024
Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly true for small to mid-sized...
July 05, 2023
Credit unions need to innovate — and quickly. Scott Young, managing VP of emerging services as PSCU, said credit unions (CUs) have the tools, and, importantly, the member and enterprise...
October 09, 2024
Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.” The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8) that it had sold a record 20 million products on its platform in August. “While in the first months of the year the supermarket category and basic necessities were the […]
April 10, 2024
PSCU/Co-op Solutions has teamed with Amount to launch a digital lending suite. The suite, dubbed Origination Solutions, is now in the pilot stage with two credit unions, the credit union service organization (CUSO)...
March 04, 2024
Australian FinTech Beforepay has launched a commercial version of its risk management and lending platform. Dubbed Carrington Labs, the new offering gives enterprise clients access to the technology and artificial intelligence (AI) tools powering...
March 04, 2024
Epic River has unveiled a specialized digital lending platform designed to bridge the gap between financial institutions and healthcare services. This solution aims to transform the way patient payments are...
