Atlanta Tech Village

Finance

Mibanco | March 21, 2022

Mibanco, the largest microfinance bank in both Peru and Latin America, has used FICO Platform’s Decisions Capability to boost its lending capacity and respond quickly to changing market conditions during the pandemic. The transformational project has reduced the time taken to put policy into production by 90 percent and cut annual IT development expenditure by 20 percent, allowing Mibanco to better serve thousands of its customers. “Mibanco’s goal is to expand ac...

Finance

EVO Payments | November 30, 2021

EVO Payments, Inc. (“EVO”), a leading global provider of payment technology integrations and acquiring solutions, and Bank of Ireland Group (“Bank of Ireland”), one of the largest financial services groups in Ireland, today announced an extension of their existing exclusive referral relationship for merchant acquiring services in the Republic of Ireland and Northern Ireland. EVO and Bank of Ireland will continue to provide payment services according to the ...

Small Business Trends

Biz2Credit | June 09, 2021

According to the latest release on June 08, 2021, by Biz2Credit Small Business Lending Index™, small business loan approval rates hiked slightly from 13.4% in April to 13.5% in May 2021 at big banks. However, small bank loan approval percentages climbed much higher from 18.2% in April, to 18.7% in May. “As more and more people are vaccinated from COVID-19 and ease in lockdowns, access to the favorable economic conditions loan approval by banks hiked to 0.3%,” sai...

Finance

Crossroads Systems Inc. | December 17, 2021

Crossroads Systems, Inc., a holding company focused on investing in businesses that promote economic vitality and community development, announced today that it has reached an agreement in principle to acquire Fountainhead, a leading national, non-bank, direct commercial lender specializing in business financing for small to midsize businesses. Founded by some of the most experienced and accomplished Small Business Administration (SBA) lenders in the industry, Fountainhead finance...