article thumbnail

Grasshopper Bank begins rollout of SBA lending strategy

BankInovation

Small businesses demand efficient access to capital and Grasshopper Bank is meeting the needs of its small business clients through its latest digital lending solutions.

Lending 112
article thumbnail

Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

Monzo is “more nuanced than we were probably two or three years ago,” CEO Tom Blomfield told the news outlet. He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The company is hopeful that its consumer lending division will lead to profits, according to the report.

Lending 161
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York State Of (Cybersecurity) Mind

PYMNTS

As the Sinatra tune goes (a bit paraphrased) … New York: If you can make it there in cybersecurity, you can make it anywhere. The financial services industry is girding for the new regulations by the New York State Department of Financial Services (DFS), which take effect as of Aug. 28, which is, of course, today.

New York 142
article thumbnail

Bitcoin Daily: Lending Protocol Nuo Announces Digital Banking Platform Built On Ethereum, B2C2 Crypto Liquidity Firm Announces Gold Derivative

PYMNTS

The founders of lending protocol Nuo have announced the launch of a new digital banking platform called Juno, which will be built on top of ethereum. We haven’t said anything about ether—until now,” Tarbert said at Yahoo Finance ’s All Markets Summit in New York City. “It

Bitcoin 116
article thumbnail

Lending Fintechs Acquire Analytics Fintechs: So What?

Gonzobanker

Precision Lender reports 150 clients, and Cornerstone sees them mostly in commercial banks. Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending.

article thumbnail

FinTech Capify Nets $10M Funding, Continued Goldman Backing

PYMNTS

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). and Australia market,” said Goldin in the release. “It

Fintech 210
article thumbnail

Q4 Earnings Reports Show Mobile Banking’s Surge

PYMNTS

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

Mobile 252