Kabbage

Neptune Financial, an online business lender, will help the global bank reach commercial customers it was missing before and could ultimately be a $1.5 trillion opportunity, an HSBC executive says.

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

Investments in software can speed up decision-making and help traditional lenders better compete with fintechs for creditworthy customers who want their loans quickly.

To personalize products and services, banks are now tracking all sorts of alternative data sources, even the manner in which customers type in mobile banking apps.

Rep. Emanuel Cleaver, D-Mo., released a survey of lending practices that he said point to practices such as forced arbitration clauses and extracting a customer’s credit score to determine creditworthiness.

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy.

A bill moving through the California Legislature seeks to tame the largely unregulated world of online small-business lending. If passed, it would be the first of its kind nationally, but so far it has failed to satisfy either the industry or its critics.

Using Orchard’s data science smarts, Kabbage intends to offer new payment products to small businesses and loan portfolio insights to financial institution partners.

Randal Quarles found himself in the middle of an issue that typically doesn't fall under a banking regulator's purview.

Randal Quarles found himself in the middle of an issue that typically doesn't fall under a bank regulator's purview.