PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. reports noted. TruFin Chief Executive Officer Henry Kenner said, “The highly experienced management team at TruFin and our group companies are passionate about the opportunities to grow our niche lending businesses.

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

OCTOBER 16, 2018

OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.

Lending 108

Lending Online Conference Software 108

PYMNTS

JANUARY 18, 2017

Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan. The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry.

Lending 100

Lending Software Financial Technology Online 100

PYMNTS

JUNE 13, 2019

In a sign of Grab ’s ambitions in the financial services space, the Singapore ride-hailing firm reportedly had discussions to acquire payments provider 2C2P Pte. Unnamed sources claim that the company was one of various possible bidders interested in the payments firm, Bloomberg reported. The news comes as Grab raised over $4.5

Report 100

Report Lending Financial Technology Online 100

CFPB Monitor

NOVEMBER 22, 2022

The Treasury Department has released a report entitled “ Assessing the Impact of New Entrant Non-bank Firms on Competition in Consumer Finance Markets.” The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

JULY 10, 2018

On the whole, it’s been a good year for startups in Africa, according to recent reporting in Quartz. Financial technology seems to be leading the startup charge, representing 40 percent of the largest 10 deals of the year so far, collectively worth $100 million. So why the boom? Cellulant raised $47.5

Lending 100

Lending ATM Online Course 100

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Big data report. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers.

Report 68

Report Big Data Lending Survey 68

CFPB Monitor

JUNE 8, 2016

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

Lending 60

Lending Fintech California Survey 60

Perficient

JULY 11, 2022

Affirm says on its website that it sometimes reports users’ payment history to Experian, and it “may report loans with delinquent payments.” This illusion of feeling more financially secure than one is that often comes with using BNPL services is where they garner a lot of criticism, however.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

OCTOBER 13, 2019

High-interest consumer loans — often known as payday advances — are now banned from having apps on the Google Play store, The Wall Street Journal (WSJ) reported on Sunday (Oct. Among the lenders affected by the new restriction is CURO Financial Technology Corp. The battle over payday lending — specifically, how tough U.S.

Google 156

Google Policies Ohio California 156

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. That, according to Ant Group, could take as much as six months.

Groups 189

Groups Regulation Lending Financial Technology 189

PYMNTS

JANUARY 7, 2021

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. China TransInfo Technology Corp. and Contemporary Amperex Technology Co.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

JANUARY 26, 2020

AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. But AlphaCredit CEOs and co-founders José Luis Orozco and Augusto Álvarez were happy about the opportunity, saying it would give them the chance to keep providing cutting-edge technology for fast, easy and flexible service.

Fintech 247

Fintech America Capital Regional 247

PYMNTS

JULY 11, 2019

With an investment from the top lender in Thailand, Indonesian ridesharing service Go-Jek will reportedly grow its Thai food delivery business and provide more financial services. Siam Commercial Bank Pcl (SCB) said it provided a “significant investment” in the Series F funding round of Go-Jek, Reuters reported.

Lending 100

Lending Financial Technology Online Community 100

PYMNTS

AUGUST 27, 2019

Financial technology continues to grow more sophisticated, but many of these innovations are solely for the large banks and FinTechs that can afford them. The merger is the latest in a series of CU consolidations in the Los Angeles area, which has resulted in the number of CUs in the area dropping by nearly 60 percent since 2000.

Data 122

Data Report Los Angeles California 122

PYMNTS

AUGUST 2, 2020

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., for help, The Wall Street Journal (WSJ) reported. Rosati got a $30,000 PPP loan from a financial technology company and transferred the funds to Grasshopper Bancorp Inc. ,

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

MARCH 23, 2017

The European Commission is hoping to consult with the public concerning the growing market of financial technology as the agency looks to manage policies in the sector. Last year, the commission setup its financial technology task force in response to the effects of digital innovations changing the banking industry.

Fintech 187

Fintech Policies Innovation Financial Technology 187

PYMNTS

JULY 28, 2016

Financial services company Enova has a new chief financial officer, and he is reportedly looking to take the company in a new direction. Stephen Cunningham was announced as Enova International’s new finance chief, reports this week said. Prior, he was at Discover as corporate treasurer and senior vice president.

Analytics 100

Analytics Lending Data Customer Experience 100

PYMNTS

OCTOBER 23, 2018

In other news, $8 million worth of digital tokens have reportedly gone missing from the cold storage devices of Swiss crypto exchange Trade.io , The Next Web reported. ” The Bank of Canada , TMX Group and Canada’s payment system teamed up for a test to settle and clear mock stocks using the blockchain, Bloomberg reported. .”

Bitcoin 191

Bitcoin blockchain Groups System 191

PYMNTS

APRIL 18, 2017

Misys, a financial technology company that enables banks to integrate new tools, is guiding the State Bank of India to an upgraded trade finance service. The project took 14 months, reports said, and onboarded SBI’s trade finance operations across 25 markets into Misys’ single trade finance portal.

Lending 100

Lending Tools Financial Technology Operations 100

PYMNTS

DECEMBER 18, 2019

Lendo , a peer-to-peer (P2P) lending marketplace for small- and medium-sized businesses (SMBs), wants to help them pre-finance their invoices so they can potentially get paid faster, according to a report. The company is doing its business as an alternative to regular short-term finance by borrowing money against outstanding invoices.

Capital 131

Capital Maine Lending Financial Technology 131

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

MARCH 6, 2020

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

Capital 141

Capital Fintech Meeting Washington 141

PYMNTS

AUGUST 28, 2019

As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

Fintech 172

Fintech Analysis Guidelines Data 172

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. billion was invested in FinTech startups in Q3 2016 , calculated KPMG and CB Insights in their most recent Pulse Of Fintech report. and Europe dominated in 2015. 83% of U.S.

Strategy 100

Strategy Lending Capital America 100

PYMNTS

APRIL 30, 2019

As reported this past week, per Yahoo Finance , Ireland wants to see as many as 50,000 people employed directly within the country’s international financial services sector, with a target date of 2025. Separately, Ireland-based FinTech Prepaid Financial Services has been granted an eMoney license by the Central Bank of Ireland.

Fintech 189

Fintech Regional Operations California 189

PYMNTS

MAY 10, 2018

In a 2016 report, India’s YES BANK highlighted the flourishing digital FinServ space for businesses. A new report commissioned by SWIFT , with research conducted by the Boston Consulting Group (BCG), is urging corporate banks in India to take action. billion on FIs’ balance sheets, Reuters reports found , a 4.5

Lending 100

Lending Analytics Retail Boston 100

PYMNTS

OCTOBER 4, 2016

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. According to a report, which cited an email Prosper sent investors last week, the company will shut down the service on Oct. Media reports said the privately held U.S.

Marketing 170

Marketing Lending Operations Financial Technology 170

Fintech Labs Insights

AUGUST 30, 2016

Aspire was created in 2015 with a vision of re-imagining the technology infrastructure in the alternative and asset-backed lending markets. Integrated loan processing, reporting and analytics tools. The post FinovateFall Sneak Peek: Aspire Financial Technologies appeared first on Finovate. Why it’s great.

Financial Technology 16

Financial Technology Technology Analytics Leadership 16

PYMNTS

OCTOBER 9, 2019

Bloomberg is reporting that the U.S. prime lending rate, which banks charge to their best credit customers, is now at almost its lowest point ever due to Federal Reserve monetary policy. House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. payments ecosystem.

Cards 152

Cards Kansas City Kansas Lending 152

PYMNTS

JANUARY 21, 2019

According to the report , “Alipay’s new PSD2 license in Luxembourg will allow the group to leverage the EU passport to serve its customers across Europe in the future and connect Chinese users with merchants in EU countries.”. Revolut plans to offer digital checking and savings accounts, as well as lending, to consumers and businesses.

Trends 185

Trends Payments Fintech Mobile 185

Tech and Finance

MAY 18, 2019

In addition to continued payday and vehicle title lending, installment lenders, banks, credit unions and financial technology firms have said that they are also ready and willing to extend access to credit under the 2017 final rule, and they are likely to expand their small-dollar lending —something the Bureau failed to address.”

Lending 31

Lending Financial Technology Cards Technology 31

PYMNTS

JULY 2, 2020

Boost will enable straight-through-processing for BMO Harris Bank’s Approve2Pay Corporate Card solution, enabling that card product to facilitate automated processing, remittance reporting and efficiencies for both buyer and supplier. ” Mastercard, EedenBull Expand Into APAC. Global Cash Card’s Legal Saga Ends.

Cards 208

Cards New York Capital Compliance 208

William Mills

JANUARY 25, 2018

–Research and perspective provided by 45 sources in free report for the financial industry–. William Mills Agency, the largest independent public relations and content marketing firm specializing in the financial industry, released its 15th annual financial services industry report, Bankers As Buyers 2018 today.

Report 40

Report Technology Innovation Atlanta 40

PYMNTS

DECEMBER 17, 2018

A financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to reports. A simple example might be that you pay for flights for two or more people and then get paid back individually,” he said.

Fintech 176

Fintech Groups Lending Financial Technology 176