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US fintechs surpass banks in troubled areas, new study...

The use of alternative data sources and machine learning to assess the credit quality of applicants gives US fintechs an advantage over banks when it comes to small business lending, according to a paper from the Bank for International Settlements.Using...

#AI#credit scoring

SFNet’s latest report reflects confidence

There was confidence in the asset-based lending market in the second quarter despite the economic pain of... (more…)

#Secured Finance Network


Bridge Bank expands asset-based lending team

Bridge Bank has just announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance…

#Bridge Bank


White Oak Commercial Finance delivers US$4m non-recourse factoring facility

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, has provided... (more…)

#non-recourse factoring#White Oak Commercial Finance#White Oak Global Advisors


ENGS Commercial Capital names new VP and BDO

Farrah Vargas joins ENGS Commercial Capital, a group company of Mitsubishi HC Capital... (more…)

#ENGS Commercial Capital#Mitsubishi HC Capital


Kawasaki Motors Finance migrates US operations to Solifi’s finance...

Solifi, a global fintech software partner for secured finance, announced... (more…)

#Inventory finance#Solifi


Defendants plead guilty to more than US$13m factoring fraud...

According to the U.S. Attorney’s Office for the Western District of Texas, five persons from... (more…)

#factoring fraud


BigCart and OpenText address SME finance challenges

BigCart, a FinTech company that provides a broad portfolio of innovative, secure B2B electronic payment solutions, has announced a strategic…

#Cash flow#cash-flow#OpenText


SMEs are very depressed about the United States Economy:...

If we have come to some consensus that the American economy is at best treading water, let’s turn our attention…

#inflation#Mark Mandula#smes


SMEs are very depressed about the United States economy:...

There is an increasing amount of financial and other data that is pointing to a very challenging and downright ugly…

#Mark Mandula#smes


Castlelake and Aequum partner for new commercial lending...

Castlelake, L.P., a global alternative investment manager and Aequum Capital Founder, LLC a tech-enabled specialty finance lender, today announced a…

#Castlelake#commercial lending


SellersFunding launches B2B buy now pay later service

SellersFunding, US fintech provider for e-commerce brands, announced on Thursday the launch of their Business-to-Business (B2B) Buy Now Pay Later…

#BNPL#SellersFunding

Wells Fargo names Mary Katherine DuBose head of Asset-Based...

Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based…

#Corporate appointments

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