Online Lending Monthly News – August 2020
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_single_image image=”11677″ img_size=”large”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] Online Lending Monthly News. Here are some of the top stories and trends of July 2020 for online lending investors and industry watchers. [/vc_column_text][vc_column_text] Industry News [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]7/2/2020 Banks’ $370 Billion Small Business Opportunity (Forbes) 7/6/2020 Crypto Valley Association Issues Guidelines to Protect Digital Assets (Crowdfund Insider) 7/6/2020 The biggest fintech funding rounds in […]
How did Community Banks and Credit Unions go above and beyond to support local communities during the COVID-19 crisis?
[vc_row][vc_column][vc_column_text]Read time: 6 minutes [/vc_column_text][vc_column_text]In this article, we cover some inspiring examples of how some Community Banks and Credit Unions went above and beyond to support local businesses, their communities, and employees during the COVID-19 crisis. The tanking of the global economy has ensured more severely on small local businesses. Bigger enterprises are almost always […]
Online Lending Monthly News – July 2020
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_single_image image=”11547″ img_size=”large”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] Online Lending Monthly News. Here are some of the top stories and trends of June 2020 for online lending investors and industry watchers. [/vc_column_text][vc_column_text] Industry News [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]6/1/2020 Mark Cuban, banker Jill Castilla create site to streamline PPP (American Banker) 6/2/2020 New P2P lending credit card aims to shake up the industry (AltFi News) […]
COVID-19 Impact on Small Business Lending Industry
[vc_row][vc_column][vc_column_text]Read time: 5 minutes [/vc_column_text][vc_column_text]The coronavirus outbreak has hit the main street-side economy in the gut and it has been unleashing devastation all over the world. Medical authorities are racing to drug trials to slow down and prevent the virus from spreading but success currently eludes the medical community. So, the question is how did […]
Online Lending Monthly News – June 2020
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_single_image image=”11428″ img_size=”large”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text] Online Lending Monthly News. Here are some of the top stories and trends of May 2020 for online lending investors and industry watchers. [/vc_column_text][vc_column_text] Industry News [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]5/1/2020 Twelve days after round one of the PPP loan program ended round two opens to massive pent up demand. (Lend Academy) 5/5/2020 The Do’s and Don’ts […]
7 Benefits of Digitalization to a Bank's Existing Client Base
Introduction There was a time when doing banking transactions used to be a very difficult and time-consuming task. You had to stand in a long queue to conduct basic financial transactions such as withdrawing cash or depositing money. Thanks to secured atm services and later to the digitalization, the users can perform all these transactions at […]
Online Lending Monthly News – May 2020
Online Lending Monthly News. Here are some of the top stories and trends of April 2020 for online lending investors and industry watchers. Industry News 4/1/2020 Fintechs still pushing for new hires despite the coronavirus outbreak. (AltFi News) 4/2/2020 8 New Fintech Ebooks to Read While in Covid-19 Quarantine (FiintechCH) 4/6/2020 Bank of America is the […]
Banking in the Times of Coronavirus: Do’s and Don’ts
[vc_row][vc_column][vc_column_text]Read time: 6 minutes [/vc_column_text][vc_column_text]The ongoing spread of COVID-19 carries with it one of the biggest threats to disrupt the global economy and financial markets. In this article, we are talking about banking in the times of coronavirus. We cover what are bank’s Do’s and Don’ts in these unprecedented times. Lockdown has led to a […]
COVID-19 and Recession: A Banking Perspective on Survival
[vc_row][vc_column][vc_column_text]Read time: 5 minutes [/vc_column_text][vc_column_text]The sudden outbreak of the COVID-19, the novel coronavirus pandemic has led to a severe lockdown. The sudden shutdown of the multiple industries and businesses has threatened and disrupted the global economy and financial markets. COVID-19 has ushered in a recession after more than a decade of stable economic growth. The […]
8 Low-Risk Loan Portfolio Strategies For Banks In The Coronavirus Environment
[vc_row][vc_column][vc_column_text]Read time: 5 minutes [/vc_column_text][vc_column_text]COVID-19 has pushed the economy into a recession. Unless a small business is applying through the Payroll Protection Program, banks do not really have the appetite to fund small businesses. But if you assess the pre-COVID situation, commercial banks have been able to increase their loan portfolios massively over the last […]