Jude Scott, chief executive of Cayman Finance. PHOTO: CAYMAN FINANCE Compliance in financial services could be revolutionized by financial technology, which holds the potential of making the processes more efficient for firms and regulators, according to Jude Scott, chief executive of Cayman Finance. Mr, Scott, whose organization represents the sizable financial sector in the tax […]
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The Most Important Investment You Can Make
I often get asked by business owners and entrepreneurs what’s the single most important thing they should do to be successful? For me the answer is really simple, invest in yourself. It is without a doubt in my mind, the greatest investment that we can make, yet surprisingly few do. Now I know that this […]
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Clearing Up Confusion About Merchant Cash Advance Syndications
Merchant cash advance syndications offer significant opportunities for investors and entrepreneurs alike, but confusion about how syndication works keeps many people who could benefit from taking part. If you are looking for capital for your business or considering investing in a merchant cash advance deal in New York, New York , here is what you […]
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CFPB Gets Green Light To Investigate Tribal Lenders
The Consumer Financial Protection Bureau got the nod Friday (Jan. 20) from a California appeals court that it can go after Native American tribal lenders that market payday loans. According to a report , a Ninth Circuit of Appeals panel ruled online lenders Great Plains Lending, MobiLoans and Plain Green, all of which offer payday […]
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Creating a Business That Stands Out from the Crowd
Finding deal placement assistance in New York, New York is a good way to keep your customers happy with fast closings on private deals, but how do you attract them in the first place? Deal placement gives you the chance to focus on customer acquisition, so how can you ensure that your firm stands out […]
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How a Growth Push Derailed CAN Capital, a Big Lender to Small Businesses
An ill-fated growth push has tripped up one of the oldest, most-successful online lenders to small businesses. CAN Capital Inc. was forced to stop making new loans late last year after it discovered problems in how the company reported borrower delinquencies, according to people familiar with the matter. The errors were significant enough, the people […]
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Mortgages Taking Center Stage at Online Lender SoFi
Survival tip : “You’ve got to have more than one product,” says Mike Cagney, CEO of SoFi. Social Finance, the online lender that made its name refinancing student loans for high-earning millennials, is doubling down on mortgages as rising interest rates are expected to make originations scarcer. The San Francisco startup is set to announce […]
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How to Get the Most from Deal Placement Assistance
Is your independent sales organization (ISO), struggling with the sheer amount of work required to fund your files? If so, you could be losing business while trying to close deals for your existing clients. That is where Cardinal Equity and deal placement assistance in New York, New York comes in. We act as a brokerage […]
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Does Funding Circle’s $100M Round Signal A Return To Boom Times For Online Lending?
2016 was a dismal year for online lending, but 2017 is already looking up. Online lenders are emerging from a scandal-plagued 2016 older, wiser—and now richer. Small-business loan platform Funding Circle has raised an additional $100 million in equity funding, cofounder and U.S. managing director Sam Hodges said today. Accel Partners led the round, with […]
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Online business lender Funding Circle raises another $100M
Funding Circle co-founder Sam Hodges said the additional funds will support product development and ongoing loan growth. Funding Circle, an online small-business lender, announced Wednesday that it has raised $100 million in equity capital. With its latest funding round, the U.K.-based startup has raised $373 million since it was established in 2010. The insider round […]