Banking and Finance Industry Insights

Prepare for Recession, Plan for Growth

Now is the time for lenders to prepare for a credit cycle downturn so their organization is ready when - not if - recession arrives. When it comes to your own business decisions, understanding your risk on both the front end and back end becomes more critical during a recession. This article lays out the three tools lenders should use to prepare so they can mitigate risk and focus on growth when the recession does arrive.

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ARE YOU READY FOR THE NEXT RECESSION?

As growth has slowed in 2019, we are reminded of the Great Recession, and we are increasingly on the lookout for the next one. It’s a question of when—not if—a recession will arrive. Now is the time to prepare so we are not only ready but also poised for growth when the next recession is here.

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The Pursuit of One-Click Commercial Credit: What you Need to Know

The race is on to figure out fast, safe, and low-cost lending to small- and medium-sized businesses, accelerating the journey towards the ultimate goal of one-click commercial credit – or using automation to simplify credit to the point of a single click.

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Client Responses to the PayNet/Equifax Merger

Recently, PayNet and Equifax combined forces. In making this decision, the key considerations were our customers, our employees and our overall businesses.

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Tariffs and the Potential Impact on Small Businesses

The ongoing trade rhetoric with China and threats of new tariffs on Mexico have the potential to negatively impact not only our largest corporations but the 30 million small and mid-sized businesses (SMB) in the United States. These SMBs, which fuel economic growth on Main Streets across the country and employ half of all working Americans, have reasons to be concerned.

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PayNet Five To Know | May 2019

See what PayNet’s been up to in May. Check out the latest edition of the PayNet 5 to Know newsletter, which covers PayNet’s top 5 news items, research, articles, and videos that have been released each month.

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The 20-year Challenge: Commercial Lending Then & Now

2019 marks PayNet’s 20th anniversary, and I am excited to celebrate this milestone with the people who propelled us to where we are today. While we’ve grown, our core mission of fixing the broken credit system with reliable, transformational Main Street credit assessment solutions has remained the same.

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A Recap of 2018 Events: The Digital Lending Revolution

Digital transformation – a key trend in lending – is top-of-mind for financial institutions evaluating their strategy in 2019. Technology has the power to streamline business operations and bring new revenue opportunities to organizations that prioritize digital growth.

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Digital Disruption and Why Lenders Should Care About Brand

Every business leader faces the challenge of communicating brand in a way that's relevant to customers and prospects. Historically, business strategies put more emphasis on marketing products - but as technology continues to advance - new solutions are emerging and creating an overcrowded, hard-to-differentiate marketplace..

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Uberization: Just a Good Idea or a Transformational Business Strategy?

Digital disruption is here. In an era in which consumers demand instant gratification – usually via their mobile devices...

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Taking a Cue from FinTechs

There’s no doubt that private businesses have a profound effect on the economy. With over 28 million private businesses that account for at least half of...

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Utilizing Technology to Capitalize on Rising Commercial

The U.S. is undoubtedly experiencing economic growth – with the GDP rising 3% over two of the last three quarters.

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Closing the Growing Private Business Credit Gap

While the U.S. economy has shown its recovery from the Great Recession in most ways, small business lending isn’t one of them.

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Lessons from Testifying Before Congress

All eyes were on Mark Zuckerberg as he testified before Congress. As I watched, I was reminded of my own experiences testifying before Congress.

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How to spark transformation in 2019

First off, we’ve refreshed our corporate brand, which you can see in full display on our relaunched website. This identity brings a clear focus to who PayNet is today, a company fully energized and engaged in the transformation of commercial lending.

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