Qarar, a leading data analytics and credit decisioning company in the Middle East, has partnered with Biz2X, a global FinTech technology and financing provider, to launch a cloud-based small- to medium-sized business (SMB) lending platform in Saudi Arabia. This strategic joint venture aims to revolutionize SMB...
U.K. FinTech iwoca has notched £100 million in funding to help coronavirus business interruption loan scheme (CBILS) clients. The company intends to grow its CBILS program and begin taking new client applications with the financing it raised, according to a Monday (August 3) announcement. iwoca said...
It’s looking increasingly likely that Congress will vote on a new round of COVID-19 stimulus funding, with the Paycheck Protection Program (PPP) an increasing area of focus. The latest plan put forward by Senate Republicans calls for a fresh round of funding for PPP loans,...
President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help small- and medium-sized businesses get back on their feet in the wake of the COVID-19 pandemic. “Our entire society is mobilizing to meet...
May 21, 2019
Machine learning and artificial intelligence can help smooth business processes and eliminate reliance on paper-based and manual operations. Prashant Fuloria, COO at financial technology firm Fundbox, tells PYMNTS that when it comes to offering SMBs credit there are guiding principles about what data are most useful — and sometimes, models need models.
April 03, 2019
Cybersecurity is more important than ever for credit unions (CUs), but keeping up with compliance and the latest best practices can be a challenge. Smaller CUs don’t always have the...
June 28, 2018
Bankers’ hours — that eight-hour block of time between 9 a.m. and 5 p.m. — are a bit of an anachronism in 2018, Kabbage Co-founder and CEO Rob Frohwein told Karen Webster...
June 07, 2018
The landscape in SMB lending is almost totally unrecognizable from what it was even a short five years ago, BlueVine Founder and CEO, Eyal Lifshitz, told Karen Webster shortly after his...
June 04, 2024
Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets the company’s enterprise customers create customized risk management rules and outcomes, letting them make informed lending decisions tailored to specific criteria for small- to medium-sized businesses (SMBs). “The cloud-based rules […]
August 29, 2023
Qarar, a leading data analytics and credit decisioning company in the Middle East, has partnered with Biz2X, a global FinTech technology and financing provider, to launch a cloud-based small- to medium-sized...
April 07, 2020
President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help small- and medium-sized businesses get back on their...
April 07, 2020
Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a small business loan program intended to assist companies...
