The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. Many central banks around the globe...
Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business (SMB) borrowers. PayNet announced Thursday (June 27) in a press release that it is rolling out its PayNet Financial Statement...
The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business...
The U.K.’s Bank Referral Scheme, part of the government’s array of initiatives to expand access to capital for small businesses, has been marred by controversy and criticism since it first came into effect in late 2016. But the scheme faced some of its harshest attacks...
February 05, 2024
The banks continue to tighten, the traditional channels are tougher to navigate in the commercial lending space. And against a backdrop where smaller firms are still seeking credit as we enter the second month of the year, that gives renewed opportunity for alternative providers and the private credit markets. As noted in the Federal Reserve’s January […]
March 28, 2019
FinTech Fundbox said on Thursday (March 28) that it is expanding its partnership with Synchrony, the consumer financial services company, to make B2B credit available to the latter’s merchant client...
February 28, 2020
The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. Many central banks around the globe are wrestling with the implications of digital currencies and how […]
February 22, 2019
Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. 21) that the banking industry pulled in $237 billion in 2018. The agency’s Quarterly...
June 01, 2018
Five of the biggest banks in the Nordics are teaming up to create a joint anti-money laundering infrastructure. According to the Financial Times, after some of the lenders were criticized by...
May 17, 2018
Amid a difficult year for retail in Britain, a large lender now says it won’t lend to shopping centers in the country. Deutsche Pfandbriefbank CEO Andreas Arndt said on Monday (May...
