News Topic: Fintech

The company, backed by eight major players including JPMorgan Chase and State Street, lets investors vote virtually on corporate matters — a service that has grown more popular during the coronavirus pandemic. ... Read full article

Locally sourced campaigns are providing more capital as traditional loans fall short of covering operating expenses. ... Read full article

It's time for agencies like the Small Business Administration to stop playing catch-up and invest in state-of-the art technology. ... Read full article

The neobank, which has been operating in the U.S. since last year with partner Sutton Bank, hopes to get a bank charter within two years. ... Read full article

The online lender, reeling from the economic fallout of the coronavirus pandemic, also said it is cutting senior executives' salaries by 25%. ... Read full article

John Pitts, policy lead for Plaid, has some ideas to ensure Paycheck Protection Program legislation set to be voted on this week targets the companies most in need of a cash infusion. ... Read full article

Venture capital investment has plummeted in many coronavirus-ravaged economies, but larger, profitable fintech firms with the right digital products might still score funding. ... Read full article

MVB Financial plans to use Paladin Group to advise its bank and a number of its fintech clients. ... Read full article

From stimulus checks to the Paycheck Protection Program, the government’s infusion of cash into an economy reeling from the coronavirus pandemic has primarily helped those who already strong banking relationships. ... Read full article

Square Capital and other online lenders joined the Paycheck Protection Program just before it ran out of money. Now they’re ready and waiting for Congress to reload funds that could be better aimed at the smallest companies. ... Read full article

Wells Fargo tells business clients to consider other banks for emergency loans; JPMorgan Chase is temporarily reducing its exposure to the mortgage market; how TD Bank got a head start on pandemic preparations; and more from this week's most-read ... Read full article

The SBA’s Paycheck Protection Program is nearly depleted, but there are ways small banks and fintechs, with help from Congress, can remedy the situation. ... Read full article

Online lenders, core providers and software companies have created digital platforms that speed up and simplify Paycheck Protection Program loans for businesses reeling from the coronavirus pandemic. ... Read full article

Unlike in 2008, banks have become a steady force during the coronavirus pandemic. ... Read full article

PayPal, Intuit QuickBooks Capital and Square Capital have been named direct lenders in the Paycheck Protection Program, and more await the OK. They could be crucial to reaching the smallest firms trying to survive the economic toll of the coronavirus ... Read full article

A combination of digital and cloud capabilities, data gathering and regulatory experience should give smaller banks an edge over nonbanks. ... Read full article

Customers in the challenger bank's pilot program drew down an average of $200 each in advance of the government's $1,200 payments. ... Read full article

Upgrade's hybrid loan-card product can now be used without swiping as consumers and retail workers seek to minimize spread of novel coronavirus. ... Read full article