Bank Novo isn't a business lender (lots of firms already do that) or an account provider (it has a bank partner for that). Instead, it provides small businesses tools to track and analyze their banking activities. ... Read full article
At long last, the World Bank Group's insolvency and debt resolution team has finally released to the public its report on the treatment of the insolvency of micro-, small-, and medium-sized enterprises, ... Read full article
The agency found that banks with less than $10 billion in assets were more prone than larger lenders to go beyond using standard criteria in evaluating borrowers. ... Read full article
Readers parse JPMorgan Chase CEO Jamie Dimon's latest public comments, debate a California small-lending bill, weigh the impact of open banking and more. ... Read full article
Few small businesses in Puerto Rico applied for credit to finance recovery from hurricane damage. The reasons are instructive for financial institutions’ response to disaster recovery, the New York Fed says. ... Read full article
The legislation would help small-business owners better evaluate financing options by requiring updated disclosures. ... Read full article
The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities. ... Read full article
The move is important for new banks in states like California, where a small-business lending program requires a three-star rating from the agency. ... Read full article
I have just posted on the Social Science Research Network a forthcoming article called Corporate Bankruptcy Hybridity . ... Read full article
The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%. ... Read full article
Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables. ... Read full article
To improve video conferencing adoption, banks are advised to focus on one particular group of clients. ... Read full article
While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers. ... Read full article
A cash management offering by Mastercard and Strand is the latest example of new answers to commercial clients' demands for better digital services. ... Read full article
The Illinois commercial bank gained a new role when it realized it shared the same digital transformation challenges as its customers. ... Read full article
It usually costs small businesses a lot of time and money to calculate their own value. TD Bank is offering them a free digital tool that performs the task quickly. ... Read full article
In a new initiative announced Friday, Bank of America said that it will work with several nonprofits to source a pipeline of local talent in its markets. ... Read full article
California lawmakers have voted to authorize the establishment of state-chartered banks for the limited purpose of serving the marijuana industry. ... Read full article
Watermark Bank would focus on business banking and entrepreneurs, with technology and concierge services designed to target those customers. ... Read full article
