PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

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PYMNTS

AUGUST 8, 2017

educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. Observing the rise of disruptive companies in Europe and the U.S.,

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Abrigo

JANUARY 13, 2015

Enhanced data security measures aren’t the only new rules being considered by the NCUA in 2015. Matz recently stated that a revised risk-based capital rule will be proposed, as well a fixed assets rule that would require the use of a fixed-asset management plan by credit unions. Mark McWatters , NCUA Board Member.

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Abrigo

SEPTEMBER 16, 2015

Member business lending (MBL) has been a hot topic in the financial services community this summer, particularly as the industry awaits finalization of the NCUA’s rule changes. More than 78 percent of credit unions with more than $100 million in total assets offered MBL to their members for the same period of 2015.

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Abrigo

FEBRUARY 16, 2016

Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses. Here are two mistakes to avoid when lending to nonprofits , according to the firm: 1.

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PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s talk that alternative finance is dead. Well, in the U.S.,

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PYMNTS

JUNE 20, 2017

unit is offering an update on the progress made by PayPal Working Capital. The company revealed Monday (June 19) that it has facilitated more than $500 million (£400 million) in working capital to U.K. Managing Director Mark Brant in a statement. “In In releasing the latest statistics for PayPal Working Capital in the U.K.,

Capital 108

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Jeff For Banks

MAY 9, 2024

During the prior break, I struck up a conversation with a person from Lendio , a small business lending platform, that was there to promote their white-label platform to bankers. Back in 2015, almost nine years ago, I wrote an article about banks building their own small business loan platforms. How do I calculate that ROI?

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PYMNTS

AUGUST 30, 2016

The biggest and most surprising change of direction on the “beating” vs “joining” question doubtlessly comes from the rapidly evolving world of online lending. As recently as a year ago, alt lending CEOs were commonly touting as inevitable the ascension of online lenders over big and inefficient banks in regards to consumers and SMB lending.

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PYMNTS

MARCH 21, 2019

The latest move raises Aura’s raised capital amount to $403 million through 21 bond issuances, a number that has helped to fund 283,469 loans. who simply don’t have access to safe lending and are susceptible to predatory lenders. James Gutierrez, CEO and founder of Aura, said the capital will help further the company’s mission. “We

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PYMNTS

JUNE 18, 2019

In a Series C round led by Sequoia India and Ribbit Capital, online payments firm Razorpay has notched $75 million in funding. Y Combinator’s Continuity Fund and Tiger Global Management, who are existing investors, also joined the round in the Bengaluru-based firm, DealStreetAsia reported.

Capital 108

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PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. It amounted to about $12.5

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Abrigo

JUNE 29, 2022

farmers is even more unpredictable than in recent years, so financial institutions will want to keep a close eye on the agricultural sector -- both to protect ag lending portfolios and tap into ag loan growth opportunities. This year, direct payments were expected to be around 2%, which is closer to the 2015-2018 average of about 3%.

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PYMNTS

JULY 18, 2016

Lending Club continued to prove there is almost always more to the story, American Express announced a surprise collaboration with Airbnb and PayPal pushed harder into B2B payments. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here.

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Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. Bank project management offices.

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PYMNTS

NOVEMBER 21, 2016

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8 and Europe dominated in 2015.

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PYMNTS

JUNE 28, 2016

As more loans that expected went bad in the fall of 2015, investor/loan buyers started backing away – making it harder to attract desirable borrowers, making it harder to attract investor/lenders. Marketplace lending, in short, did not need more fireworks. The market for marketplace lending in the U.K, freedom of motion.

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PYMNTS

DECEMBER 19, 2019

Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, TechCrunch reported on Thursday (Dec. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015.

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PYMNTS

SEPTEMBER 12, 2016

Alternative lending has been popular among venture capitalists, but France may not come to mind when one considers the top alt-fin markets of the world. The French alternative lending startup announced a $2.8 million investment round secured from NewAlpha Asset Management, reports said on Friday (Sept. million) raised.

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PYMNTS

MAY 4, 2017

Small business lending platform Nav has topped up its latest equity capital funding. Our model is solving the access to capital problem in a modern way,” said Nav Co-Founder and CEO Levi King in a statement. faced financial challenges last year, many from a lack of easy access to capital.

Capital 100

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PYMNTS

MAY 4, 2016

The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door. In 2015, Prosper’s staff grew to 619 employees. Loan originations more than doubled between 2006 and 2015 from $2.4

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PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. The investor was TSG Capital Partners, according to TechCrunch. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

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PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. It wasn’t until late 2015 that the number of small businesses opened in the U.S.

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PYMNTS

JANUARY 17, 2019

Goldman Sachs Private Capital provided the credit facility that will be used to promote Capify ‘s growth across Australia and the U.K., ” In another statement, Goldman Sachs Private Capital Executive Director Pankaj Soni described Capify as “one of the leading small business finance providers in the U.K.

Capital 108

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PYMNTS

AUGUST 4, 2016

Square managed to redeem its disappointing Q1 performance with healthier Q2 earnings. But the company’s growing client base of more profitable and established firms imply a sustainable business model while Square Capital increases lending services to SMBs and plans an expansion into traditional loans.

Data 100

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PYMNTS

OCTOBER 7, 2016

6) a new round of equity financing led by new investors, including Pritzker family business interests advised by The Pritzker Organization and DNS Capital. The capital raise, which follows the close of a minority equity financing round led by Goldman Sachs in Oct. The round also included existing investors.

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PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Business managers, meanwhile, are provided a dashboard to manage access to buildings.

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PYMNTS

FEBRUARY 7, 2017

According to “Digital Disruption — Revisited: What FinTech VC Investments Tells Us About A Changing Industry,” Citi expects an influx in venture capital across the FinTech startup scape. That’s clearly great news for China, which has proven resilient despite a global slowdown in venture capital investments in FinTech startups.

Fintech 100

Fintech US Capital Lending 100

PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

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Abrigo

FEBRUARY 9, 2016

The following is an excerpt from the Sageworks whitepaper "Optimizing Capital: Challenges and Opportunities for Financial Institutions". Yet all financial institutions face internal and external challenges that place demands on personnel, time and – perhaps most importantly – on capital. As Comptroller of the Currency Thomas J.

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Abrigo

OCTOBER 2, 2014

Following the recent financial crisis, the Basel Committee of Banking Supervision (BCBS) set out to “strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector.” The three pillars include maintaining minimum capital requirements, a supervisory review process and market discipline.

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South State Correspondent

APRIL 10, 2023

Taking a broader market share perspective, community/regional banks have expanded their market share of the CRE market from an average share of 17% over the four years from 2015 to 2019 to a share of 27% during the last year alone. In secondary and tertiary markets, it is only smaller financial institutions lending.

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PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Online Lending. After a one-week hiatus, Lending Club finds its way back onto the Fizzle list.

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Abrigo

AUGUST 3, 2017

In order to encourage new bank formation, the FDIC has shortened the number of years de novo banks are subject to de facto capital requirements, among other improvements to make de novo bank formation more appealing. Heightened capital requirements that must be met up front 3. A low interest rate environment 2.

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Abrigo

MAY 17, 2017

With Basel III focusing more attention on credit risk management, and the more granular review of loans required by the FASB’s current expected credit loss (CECL) model, financial institutions can likely expect to see an increased emphasis by examiners on the importance and effectiveness of risk rating systems.

Risk Management 170

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PYMNTS

AUGUST 12, 2019

This latest funding will be used to expand its lending range, as well as refine and bulk up its product offering. Founded in 2015, Indifi provides term loan, line of credit, invoice discounting, and merchant cash advancing services for companies in the travel, eCommerce, hotel, retail, and restaurant segments.

Maine 108

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