View Post

MonJa’s Digital Banking and Lending Monthly Roundup | March 2023

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

03/13/23 Regulators backstop SVB deposits, launch emergency lending facility (Banking Dive)   Silicon Valley Bank’s depositors have been granted full access to their funds by the Federal Deposit Insurance Corp, which took emergency measures to prevent the spread of financial instability in the banking industry. In addition, the Federal Reserve has established a $25 billion lending facility to provide liquidity to …

View Post

Online Lending Monthly News – March 2023

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of February 2023 for online lending investors and industry watchers. Industry News 2/1/2023 P2P platforms reaffirm commitment to retail investors (p2pfinancenews) 2/2/2023 Houston digital-asset firm buying Chicago bank (AmerBanker) 2/3/2023 Why the cost-of-living crisis means fintechs need to level up in 2023 (AltFiNews)  2/6/2023 These payment companies are ...
View Post

MonJa’s Digital Banking and Lending Monthly Roundup | February 2023

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

02/24/23 High Interest Rates At Banks Make Alternative Lenders More Attractive For Small Business Borrowers (Forbes) As interest rates for SBA and traditional term loans increase, non-bank lenders are becoming a more appealing option for companies seeking working capital. Although non-bank lenders offer slightly higher rates, borrowers are drawn to their quicker and more reliable funding options. Long-term interest rates, …

View Post

Online Lending Monthly News – February 2023

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of January 2023 for online lending investors and industry watchers. Industry News 1/3/2023 Here are Europe’s biggest fintech funding rounds of 2022 (AltFiNews) 1/4/2023 Fintech’s biggest hires and departures of 2022 (AltfiNews) 1/4/2023 Fintech among most popular sectors for Seedrs investors (p2pfinancenews) 1/5/2023 What fintech trends should we ...
View Post

MonJa’s Digital Banking and Lending Monthly Roundup | January 2023

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

01/30/23 Most Americans Anticipating a Fed Rate Increase; Analysis Shows What Increase Will Cost People (CU Today)   With the Federal Reserve probably expected to raise rates again, a new consumer poll reveals that most Americans anticipate inflation to aggravate. According to the WalletHub poll, two-thirds of Americans believe inflation will be worse in 2023 than in 2022, with 87% of …

View Post

Online Lending Monthly News – January 2023

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of December 2022 for online lending investors and industry watchers. Industry News 12/2/2022 How Fintech Impacts Financial Inclusivity (Forbes) 12/5/2022 Investors turn to alternatives during recession (p2pfinancenews) 12/5/2022 Stripe opens DEX Fiat to crypto onramp (FintechNexus) 12/6/2022 P2P predicted to be among top assets of 2023 (p2pfinancenews) 12/7/2022 ...
View Post

MonJa’s Digital Banking and Lending Monthly Roundup | December 2022

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

12/27/22 CUs Continue to Lure Certificates by Offering Higher Rates; FECU Caps Deposits at $5 Million (CU Today) A range of captivating rates is being offered by CUs all around the nation as they look for inflow of funds. First Entertainment Credit Union is one of the CUs providing a 15-month Special Term Savings Certificate with a 5% APY, requiring …

View Post

Online Lending Monthly News – December 2022

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of November 2022 for online lending investors and industry watchers. Industry News 11/1/2022 P2P investing stands out in record year for alternatives (p2pfinancenews) 11/1/2022 What Wins In Fintech: Distribution Or Data? (Forbes) 11/2/2022 Can digital banking help consumers fight the cost-of-living crisis? (AltFiNews) 11/2/2022 BNPL Fintech equipifi Integrates ...
View Post

MonJa’s Digital Banking and Lending Monthly Roundup | November 2022

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Rebecca WilliamsLeave a Comment

11/23/22 Several Credit Unions on the East Coast Plan Mergers (Credit Union Times)   While credit unions in California and Washington claimed their consolidations had just been completed, those in Connecticut, New York, and Maryland recently announced potential mergers. The State of Connecticut Department of Banking received a merger application from the $1.1 billion Sikorsky Financial Credit Union in Stratford, Conn., …

View Post

Online Lending Monthly News – November 2022

In Commercial Lending, Industry News, Marketplace Lending by Rebecca WilliamsLeave a Comment

Online Lending Monthly News. Here are some of the top stories and trends of October 2022 for online lending investors and industry watchers. Industry News 10/3/2022 What buy now/pay later fintechs can expect next from the CFPB (AmerBanker) 10/4/2022 Banks send each other $500 million on day of blockchain launch (AmerBanker) 10/4/2022 Mastercard pushes deeper into crypto with new tool for ...