Remove 2001 Remove Cards Remove Lending Remove Security
article thumbnail

Consumer Lending: Should Banks Do It?

Jeff For Banks

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” Ever since we formed our company in 2001, this has been the case. Real estate secured.

Lending 60
article thumbnail

B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Funding Xchange secured $10.3 million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International. Bancorp in 2001 in a $2.1 Cardlay, based in the U.K., Also in the U.K.,

Strategy 109
Insiders

Sign Up for our Newsletter

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

article thumbnail

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

article thumbnail

A Decline in Personal Savings

TrustBank

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52
article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. Table of Contents: Amazon’s product strategy. Amazon’s Next Financial Pillar. Closing thoughts.

Cards 101
article thumbnail

Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

Stripe rolled out chargeback protection, Apple rolled out its take on sign-in authentication , Mastercard launched an open banking platform and Visa and Western Union paired on a global push to card payments – and those are just the top headlines. Meanwhile, Jain is the face of SoFi to banks that package its loans into securities.

Apple 122
article thumbnail

Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

And, in the case of Equifax, they make that consumer data vulnerable to compromise — an egregious lapse in security for a company that is, above all, an information and data repository. That business was called The Retail Credit Corporation.

Report 202