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SMBs Ramp Up Legal Fight Against New Virgin Money Owner CYBG

PYMNTS

CYBG, which recently acquired Virgin Money with plans to ramp up small business lending, is facing a heightened legal challenge from small businesses accusing the institution of forcing some small firms into insolvency. The complaint alleges mistreatment of small business borrowers between 2001 and 2012.

Exercises 116
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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Fraud Detection Sizzles, iPhone Shares Fizzle And Some Upbeat Economic News

PYMNTS

At the National Restaurant Show late last month, discussion revolved around the advent of the digital restaurant, where there’s no seating and no waiting — and no guilt over tipping — as drones might flip the burgers and roll sushi, and possibly even tell you the right pinot noir to impress your date. Is it any wonder then that the $1.2

Fraud 109
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A Decline in Personal Savings

TrustBank

Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards. According to the S&P/Case-Shiller US National Home Price Index, home prices rose a whopping 63% over that period (2001-2006) before beginning to crater heading into the Financial Crisis.

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Will "Plain Vanilla" Kill Community Banking?

Jeff For Banks

Most recently Valley National Bancorp''s highly respected CEO, Gerald Lipkin stated: "The positive [fourth quarter] results are attributable to management''s common sense and highly focused approach to traditional banking — gathering deposits and making relatively low-risk loans." ? Below is their segment reporting from 2001 and 2010.

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The Top 20 Venture Capitalists

CB Insights

After 4 years with the company, Brian joined Google as a Software Engineer and inevitably rose to become an Engineering Manager. Jeff began his post-graduate career as a Management Consultant with The Boston Consulting Group. Shortly after, he joined eBay as Senior Vice President and General Manager. JEFF JORDAN.

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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. To compete, Amazon is investing in product including hiring product managers for devices solutions, which could see Alexa move from the home and office, and into brick-and-mortar or point-of-sale POS. Amazon Lending.

Cards 101