PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 220

Retail Dallas Washington National 220

PYMNTS

JANUARY 8, 2021

As Eiriz explained, the small business lending community has the opportunity, and perhaps even the obligation, to embrace collaboration and dig deeper into the entrepreneurial community in order to best serve SMBs and support the broader economy. "There is this feeling of an unsure future right now," she recently told PYMNTS.

Strategy 231

Strategy Community Maine Lending 231

PYMNTS

OCTOBER 20, 2020

As retailers get into the thick of the holiday selling season, several emerging digital-first options are coming to the fore. Shoppable media provides more options and can be more effective for products that don’t lend themselves to attractive imaging. Then they need the analytics and the strategy to make it work.”.

Retail 151

Retail Branding Strategy Capital 151

BankInovation

OCTOBER 19, 2020

Ally Financial is accelerating its point-of-sale (POS) lending strategy with the help of a few strategic partnerships. Ally Lending, the private lending arm of the $184.1

Retail 98

Retail Lending Strategy 98

Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. For anyone thinking that Wall Street investment banking was separate from Main Street retail banking, commercial banking and fintech, 2020 is clearing that up.

Lending 158

Lending Fintech Analytics UX 158

CB Insights

JANUARY 26, 2023

Fintech is central to a16z’s investment strategy. First name Last name Email Company Name Job Title Phone number Using CB Insights data, we mapped how a16z spread these fintech investments across categories like payments, blockchain, digital lending, and more. appeared first on CB Insights Research.

Strategy 101

Strategy Fintech blockchain Lending 101

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68

Lending Seattle Regulation US 68

Bank Innovation

JANUARY 17, 2020

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

Retail 243

Retail New York Video Conference 243

BankUnderground

JULY 20, 2022

These are unlikely to work in the same fashion as rate cuts in positive territory, because of difficulties with charging negative interest rates on retail deposits, and because of banks’ negative return on excess liquidity. This effect was especially strong for undercapitalised banks and lending to risky firms.

Policies 93

Policies Lending Capital Study 93

PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

Lending 146

Lending Apple Study Online 146

Bank Innovation

SEPTEMBER 11, 2017

New-York based bank Goldman Sachs is planning to launch an online deposit service in the United Kingdom by mid-2018, a retail service that will be provided under the bank’s year-old ‘Marcus’ brand. According to the bank’s Head of Strategy, Stephen Scherr, who noted in remarks made to the Financial Times that the goal of the […].

Branding 207

Branding Retail New York Strategy 207

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Independent Banker

JULY 31, 2022

As we enter budgeting season, the answers might be found in a mix of strategies. Consider your branch strategy. Crowe’s Grottke points that the “graying of community bankers” exacerbates the talent shortage—and can make it difficult to increase profitability by taking advantage of growth areas like commercial lending.

Strategy 135

Strategy Community Bank Louisville Community 135

FICO

JUNE 30, 2021

Lending Improved With Data-Driven Decisions. Using FICO’s advanced AI-powered optimization , the bank will develop data-driven lending strategies to systematically improve results. a responsible for retail banking. “We For a complex lending market like the one today, optimization has become an essential tool.”.

Lending 52

Lending Case Study Strategy Software 52

Bank Innovation

OCTOBER 19, 2017

EXCLUSIVE- Marcus, the lending platform launched a year ago by Goldman Sachs, is not yet bringing in real financial returns, but it is the centerpiece in the bank’s growing retail strategy.

Lending 207

Lending Strategy Retail Company 207

Perficient

JANUARY 24, 2023

In the first blog in this series, Getting Started On Embedded Finance , we defined embedded finance and took a high-level look at the goals and strategy a firm should take at the outset of its modern embedded finance journey. In our next blog in this series, we will discuss embedded payments and embedded lending.

Branding 472

Branding Cards Strategy US 472

PYMNTS

SEPTEMBER 18, 2019

Among the forces working to influence and change retail — and do so into the 2019 holiday shopping season, as well as the 2020s — is the rise of bridge millennials. This segment also spends approximately $2,225 per year on retail purchases, which is about $830 more than baby boomers and nearly $300 more than younger millennials.

Millennials 109

Millennials Retail Study Online 109

South State Correspondent

AUGUST 21, 2023

By relying on retail CDs, banks cannibalize their lower cost of retail funding and increase their deposit beta. As deposits reprice faster than loans, banks with more retail interest-bearing accounts will experience more funding strains and lower NIM.

Community Bank 195

Community Bank Community Capital Analysis 195

The Financial Brand

MAY 19, 2020

Competition in retail lending and leasing is increasingly won (or lost) during origination and collection. The post These 5 Trends Are Transforming Retail Bank Lending appeared first on The Financial Brand. Both areas are changing rapidly.

Lending 41

Lending Trends Retail Branding 41

Bank Innovation

APRIL 29, 2020

Great Southern Bank is using lending technology from the cloud banking vendor nCino to increase efficiency for commercial and retail loan officers. “We

Lending 259

Lending Retail System Operations 259

Abrigo

JANUARY 19, 2022

We’ve spoken to institutions who expect to see noticeable increases in reserves in some lending categories, which eventually have to be paid for in margin. On the other hand, a financial institution that’s doing specialty commercial lending and has a particular expertise is likely to be earning more yield. Disciplined Loan Pricing.

Lending 195

Lending Strategy Groups Examples 195

Bank Innovation

AUGUST 6, 2019

Expansion to the two Oceana markets were added are at the behest of Commonwealth Bank of Australia, Australia’s largest retail and commercial bank. Klarna, flush with $460 million of new equity funding, is planning to conquer New Zealand and Australia, not just the U.S.

Strategy 170

Strategy US Retail Marketing 170

Gonzobanker

NOVEMBER 30, 2023

To develop an effective, low-cost deposit growth strategy, take some tips from the high performers. But although financial institutions need a long-term strategy for a near-term challenge, playing the “rate game” is a race to the bottom. Reliance on a CD-centric funding strategy will not be sustainable in this new environment.

Strategy 156

Strategy Industry Lending Marketing 156

Abrigo

MARCH 13, 2024

CRE is now arguably the riskiest asset class due to a perfect storm of: Systemic changes in the way we utilize real estate (not just office, but retail, housing, and other sectors). The former indicates a strategy of rehabilitation and return to line of business. Inflationary impacts on costs of various inputs. Want to learn more?

Strategy 221

Strategy Course Meeting Taxes 221

Perficient

JANUARY 16, 2023

It was a 1970s version of a retailer offering a financial product – credit, to enable sales and, if mom didn’t pay the charge in full at the end of the month, increase profits on the transaction via charging interest. This can include offering lending services or creating embedded bank accounts for other businesses or consumers.

blockchain 275

blockchain Software Customer Experience Strategy 275

Gonzobanker

FEBRUARY 19, 2020

In What’s Going On In Banking 2020: Outlook for a New Decade , 65% of banks and 76% of credit unions say these partnerships will be an important part of their business strategies this year. The post Banks and Credit Unions View Fintech Partnerships a Key Growth Strategy for 2020 appeared first on Gonzobanker. Register here.

Strategy 110

Strategy Fintech Study Customer Experience 110

Abrigo

FEBRUARY 13, 2020

Technology has enabled banks and credit unions of all sizes to create highly targeted, personalized digital experience to put customers at the center of their strategy, regardless of where they’re located. Lending & Credit Risk. Breaking Down The 2020 Business Lending Readiness Survey: Roadblocks to Top Results. CRE Lending.

Community 273

Community Lending Management Innovation 273

Payments Source

AUGUST 7, 2019

Mall landlords accustomed to offering rent reductions to ailing retailers are mulling a new strategy to forestall the industry's collapse: positioning themselves as lenders to tenants struggling to stay afloat.

Retail 85

Retail Strategy Industry Lending 85

Perficient

SEPTEMBER 29, 2022

This blog marks Part 1 of our Embedded Finance Blog Series and will introduce the overarching concept of embedded finance, setting us up to discuss embedded payments, embedded lending, and embedded insurance (all of which fall under the embedded finance umbrella) in future blogs. The Technology Behind Embedded Finance .

Customer Experience 294

Customer Experience Software Cards Data 294

FICO

MAY 5, 2022

How can transaction analytics deliver a major competitive advantage in lending? Transaction data can help increase the speed and accuracy of lending for banks. How FICO Platform Can Help You Achieve Greater Returns from Lending. Discover the power of FICO Platform to help you drive greater value from lending strategies.

Analytics 52

Analytics Lending Conference Data 52

South State Correspondent

MAY 1, 2024

Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Being months away from bankruptcy, Kim launched a bold five-step plan driven by a strategy around innovation. A modern core system?

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

FEBRUARY 23, 2020

The operation will likely include savings and lending products, and it comes just two years after U.S. Goldman’s strategy is to lure U.K. Adamson also has experience as a retail lender, chairing the risk committee at Virgin Money until last November. bank Goldman Sachs launched a digital bank called Marcus in the U.K.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

Gonzobanker

MARCH 13, 2018

As many community banks focus on growing their commercial lending businesses, many are embarking on transformation initiatives to improve their capabilities and competitiveness. But improving the user experience is rarely a goal of a lending transformation. The Need for a Unified Data Strategy.

Lending 60

Lending Technology User Experience Data 60

Gonzobanker

AUGUST 29, 2017

How is it that Fiserv, FIS and Jack Henry & Associates – the “Big 3” in the banking core vendor arena – have been unable to put together a solid suite of solutions for their clients’ loan origination needs and clearly articulate a long-term, loan origination strategy? Functionality. Fiserv has at least been making an effort.

Strategy 76

Strategy Lending System Community 76

BankInovation

MAY 4, 2022

Automation, data management and compliance strategies were a focus of discussion last week at the Auto Finance Innovation and Auto Finance Risk Summits in San Diego. Chase Auto, Wells Fargo Auto and Mazda Financial Services plan to expand their automation efforts through new upgrades and investments.

San Diego 97

San Diego Conference Management Data 97

Abrigo

OCTOBER 20, 2020

Now more than ever, financial institutions are looking for guidance on strategies and best practices to support growth and profitability while mitigating risk in this turbulent economy. CRE Lending. Lending & Credit Risk. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. Stress Testing.

Management 195

Management Lending Community Strategy 195