{"id":458830,"date":"2021-03-16T10:09:35","date_gmt":"2021-03-16T14:09:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458830"},"modified":"2021-03-16T10:09:35","modified_gmt":"2021-03-16T14:09:35","slug":"cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/","title":{"rendered":"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p>\n        <span class=\"xn-location\">PORTSMOUTH, N.H.<\/span>, <span class=\"xn-chron\">March 16, 2021<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=841742335&amp;u=https%3A%2F%2Fwww.cit.com%2F&amp;a=CIT+Group+Inc.\" rel=\"nofollow noopener noreferrer\">CIT Group Inc.<\/a>\u00a0(NYSE: CIT) today announced that its <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3793942846&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness&amp;a=Small+Business+Solutions\" rel=\"nofollow noopener noreferrer\">Small Business Solutions<\/a>\u00a0group has been selected as winner of the &#8220;Business Lending Innovation Award&#8221; for its <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=2939767017&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness%2Fpartner%2Fpoint-of-sale&amp;a=point-of-sale+lending+platform\" rel=\"nofollow noopener noreferrer\">point-of-sale lending platform<\/a>\u00a0in the fifth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.jpg\" title=\"(PRNewsfoto\/CIT Group Inc.)\" alt=\"(PRNewsfoto\/CIT Group Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Introduced as one of the market&#8217;s first B2B digital lending solutions, CIT&#8217;s <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3468262501&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness%2Fpartner%2Fpoint-of-sale&amp;a=point-of-sale+platform\" rel=\"nofollow noopener noreferrer\">point-of-sale platform<\/a>\u00a0simplifies and accelerates financing for business purchases of <span class=\"xn-money\">$2,500<\/span> or more, providing convenience and speed for qualified business customers. <\/p>\n<p>&#8220;We are proud to receive our second FinTech Breakthrough recognition for our point-of-sale lending platform, which highlights our commitment to deliver technology-driven solutions to meet the unique needs of business owners,&#8221; said <span class=\"xn-person\">Ken Martin<\/span>, managing director of CIT&#8217;s Small Business Solutions group. &#8220;This real-time, end-to-end financing solution is available 24\/7 on any device, and we believe it transforms the business buying experience.&#8221;<\/p>\n<p>Since receiving a FinTech Breakthrough Award for &#8220;Best Small Business Lending Solution&#8221; in 2018, CIT&#8217;s <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3468262501&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness%2Fpartner%2Fpoint-of-sale&amp;a=point-of-sale+platform\" rel=\"nofollow noopener noreferrer\">point-of-sale platform<\/a>\u00a0has been upgraded with enhanced digital features that make the B2B digital lending and payment process easier than ever.<\/p>\n<p>Next-generation API technology enables equipment and technology vendors to integrate the lending platform into virtually any sales channel, including their existing B2B online e-commerce store.<\/p>\n<p>Vendors can be live with the platform in minutes and are now empowered to provide real-time monthly payment quotes, get qualified customers approved, digitally design and select finance terms (generally 12 to 60 months), and automatically send electronic documents to customers for review and e-signature. <\/p>\n<p>&#8220;We congratulate CIT for continuing to break through the FinTech space with their innovative financing solutions and services,&#8221; said <span class=\"xn-person\">James Johnson<\/span>, managing director, FinTech Breakthrough. &#8220;CIT&#8217;s point-of-sale platform delivers a seamless experience with its anytime-anywhere, self-serve B2B lending features, and we are thrilled to recognize it for a second time with this award.&#8221;<\/p>\n<p>The FinTech Breakthrough Awards is an industry recognized awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2021 FinTech Breakthrough Award program attracted more than 3,850 nominations from across the globe. In addition to CIT receiving an award for its <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3468262501&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness%2Fpartner%2Fpoint-of-sale&amp;a=point-of-sale+platform\" rel=\"nofollow noopener noreferrer\">point-of-sale platform<\/a>\u00a0in 2018, CIT&#8217;s national online bank, CIT Bank, has previously won FinTech Breakthrough Awards as the winner of the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=1378121127&amp;u=http%3A%2F%2Fcit.mediaroom.com%2F2019-04-03-FinTech-Breakthrough-Names-CIT-Bank-Best-Personal-Finance-Company-of-2019&amp;a=Best+Personal+Finance+Company+Award\" rel=\"nofollow noopener noreferrer\">Best Personal Finance Company Award<\/a>\u00a0in 2019 and for its <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3857698396&amp;u=http%3A%2F%2Fcit.mediaroom.com%2F2020-03-11-CITs-Savings-Builder-Account-Wins-2020-Fintech-Breakthrough-Award&amp;a=Savings+Builder+account\" rel=\"nofollow noopener noreferrer\">Savings Builder account<\/a>\u00a0in 2020.<\/p>\n<p>CIT&#8217;s <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3793942846&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness&amp;a=Small+Business+Solutions\" rel=\"nofollow noopener noreferrer\">Small Business Solutions<\/a>\u00a0group focuses on empowering businesses via technology-enabled solutions and market-leading structuring expertise. Small Business Solutions is part of CIT&#8217;s <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=1319389801&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness&amp;a=Business+Capital\" rel=\"nofollow noopener noreferrer\">Business Capital<\/a>\u00a0division, which provides equipment financing and vendor finance programs for small and midsized clients and their customers. Learn more about CIT&#8217;s <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3468262501&amp;u=https%3A%2F%2Fwww.cit.com%2Fbusiness%2Fpartner%2Fpoint-of-sale&amp;a=point-of-sale+platform\" rel=\"nofollow noopener noreferrer\">point-of-sale platform<\/a>.<\/p>\n<p>\n        <b>About CIT<br \/><\/b>CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company&#8217;s commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT&#8217;s consumer banking segment includes a national direct bank and regional branch network. Discover more at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=2082444181&amp;u=https%3A%2F%2Fcit.com%2Fabout%2F&amp;a=cit.com%2Fabout\" rel=\"nofollow noopener noreferrer\">cit.com\/about<\/a>.<\/p>\n<p>\n        <b>About FinTech Breakthrough<br \/><\/b>Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=3454966229&amp;u=https%3A%2F%2Ffintechbreakthrough.com%2F&amp;a=FinTechBreakthrough.com\" rel=\"nofollow noopener noreferrer\">FinTechBreakthrough.com<\/a>.<\/p>\n<p>\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097636-1&amp;h=917335229&amp;u=https%3A%2F%2Fcit.com%2Fabout%2Fnews%2F&amp;a=MEDIA+RELATIONS%3A\" rel=\"nofollow noopener noreferrer\">MEDIA RELATIONS:<\/a>\u00a0<br \/><\/b><br \/>\n        <span class=\"xn-person\">Donna Choi<\/span><br \/>\n        <br \/>212-461-5731<br \/><a target=\"_blank\" href=\"mailto:Donna.Choi@cit.com\" rel=\"nofollow noopener noreferrer\">Donna.Choi@cit.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY10315&amp;sd=2021-03-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform-301247770.html\">http:\/\/www.prnewswire.com\/news-releases\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform-301247770.html<\/a><\/p>\n<p>SOURCE  CIT Group Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY10315&amp;Transmission_Id=202103161000PR_NEWS_USPR_____NY10315&amp;DateId=20210316\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire PORTSMOUTH, N.H., March 16, 2021 \/PRNewswire\/ &#8212; CIT Group Inc.\u00a0(NYSE: CIT) today announced that its Small Business Solutions\u00a0group has been selected as winner of the &#8220;Business Lending Innovation Award&#8221; for its point-of-sale lending platform\u00a0in the fifth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market. Introduced as one of the market&#8217;s first B2B digital lending solutions, CIT&#8217;s point-of-sale platform\u00a0simplifies and accelerates financing for business purchases of $2,500 or more, providing convenience and speed for qualified business customers. &#8220;We are proud to receive our second FinTech Breakthrough recognition for our point-of-sale lending platform, which highlights our commitment to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458830","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire PORTSMOUTH, N.H., March 16, 2021 \/PRNewswire\/ &#8212; CIT Group Inc.\u00a0(NYSE: CIT) today announced that its Small Business Solutions\u00a0group has been selected as winner of the &#8220;Business Lending Innovation Award&#8221; for its point-of-sale lending platform\u00a0in the fifth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market. Introduced as one of the market&#8217;s first B2B digital lending solutions, CIT&#8217;s point-of-sale platform\u00a0simplifies and accelerates financing for business purchases of $2,500 or more, providing convenience and speed for qualified business customers. &#8220;We are proud to receive our second FinTech Breakthrough recognition for our point-of-sale lending platform, which highlights our commitment to &hellip; Continue reading &quot;CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T14:09:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform\",\"datePublished\":\"2021-03-16T14:09:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\\\/\"},\"wordCount\":686,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/784850\\\/CIT_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\\\/\",\"name\":\"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/","og_locale":"en_US","og_type":"article","og_title":"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform - Market Newsdesk","og_description":"PR Newswire PORTSMOUTH, N.H., March 16, 2021 \/PRNewswire\/ &#8212; CIT Group Inc.\u00a0(NYSE: CIT) today announced that its Small Business Solutions\u00a0group has been selected as winner of the &#8220;Business Lending Innovation Award&#8221; for its point-of-sale lending platform\u00a0in the fifth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market. Introduced as one of the market&#8217;s first B2B digital lending solutions, CIT&#8217;s point-of-sale platform\u00a0simplifies and accelerates financing for business purchases of $2,500 or more, providing convenience and speed for qualified business customers. &#8220;We are proud to receive our second FinTech Breakthrough recognition for our point-of-sale lending platform, which highlights our commitment to &hellip; Continue reading \"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-16T14:09:35+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform","datePublished":"2021-03-16T14:09:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/"},"wordCount":686,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/784850\/CIT_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cit-wins-2021-fintech-breakthrough-award-for-business-lending-point-of-sale-platform\/","name":"CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform - 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