PYMNTS

JULY 7, 2020

The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions (FIs) began pulling back and FinTechs and digital players stepped up in the space. Outdated Lending Practices Fail To Meet SMBs’ Current Needs .

Lending 138

Lending Study Industry Tools 138

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. author of the report and Florida Atlantic University’s Kaye Family Endowed Professor in Finance.

Lending 116

Lending Florida Report Community Bank 116

South State Correspondent

MARCH 14, 2024

The bank that will be around in the next 50 years will be one that develops the ability to build infrastructure now that allows for efficient innovation in the future. Banks need to evaluate new technology, new lending areas, and new cash management levels to name a few with a longer time horizon and with some process rigor.

Innovation 195

Innovation Strategy Capital Comparison 195

PYMNTS

AUGUST 8, 2017

When news of the financial crisis broke in 2008 and big banks all over the world were eschewing consumer and small business credit markets, Batine and Dunaev saw an opportunity — one that was particularly pressing in developing nations, an area of the world that was below the big banks’ radars. A New $200 Million Fund.

Lending 105

Lending Capital Fintech Marketing 105

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. When I look at it from a U.S.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

JANUARY 7, 2021

billion, with the goal of bringing FinTech businesses to public markets. Founded in 2011, SoFi has worked to leverage lending after the 2008 financial crisis, focusing on student loan refinancing. The deal would give SoFi a post-money valuation in excess of $8.65 The deal is anticipated to provide as much as $2.4

Samsung 183

Samsung Capital Lending Innovation 183

PYMNTS

MARCH 18, 2016

The alternative small business lending market took home the biggest slice of cake this week with about $33.5 That may not have been surprising this time last year, but today, considering talk of lackluster performance by these innovators — plus recent warnings over a total market collapse — that funding is pretty impressive.

Lending 100

Lending Capital Google Security 100

PYMNTS

MARCH 10, 2020

In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. In Southeast Asian markets, banks’ lack of adequate data on SMB loan applicants is perhaps the tallest barrier to connecting SMBs to capital in the region.

Data 193

Data Lending Capital social media 193

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. Enhanced competitiveness and market presence.

Lending 81

Lending Analytics Data United States 81

PYMNTS

JULY 30, 2020

The Sezzle board is excited to see another great addition to the leadership team, which will further accelerate our push into the large-scale enterprise market,” said Kathleen Pierce-Gilmore, a Sezzle board member, in a statement. These are unprecedented times, and retailers are looking for innovative solutions to support their customers…”

Minneapolis 145

Minneapolis Leadership Strategy California 145

PYMNTS

JULY 29, 2016

The outlet said insurance firms, like MetLife and American International, are branching out into an array of lending practices, including small business lending. percent of the total global private debt market, reports said. Treasury notes, thanks to low and negative interest rates. Insurance companies hold 11.6

North Dakota 100

North Dakota Lending Regulation Industry 100

PYMNTS

JULY 10, 2018

’s Open Banking regulation made waves in the financial services market, and those effects have been felt far beyond the U.K.’s Six months after the legislation took effect, the market is finally beginning to iron out the kinks and stretch its muscles to explore how the legislation can be applied in various ways.

Fintech 106

Fintech Regulation Innovation Data 106

PYMNTS

JULY 11, 2017

trillion, not including home mortgages and other real estate debts, such as home equity lending. Economists believe that this has served as a litmus test for rising consumer confidence in light of strong stock and labor markets. May’s gains pushed the monthly borrowing needle to a new high of $3.84 billion increase in April).

New York 100

New York Lending Cards Report 100

Gonzobanker

DECEMBER 19, 2022

2008 called and wants its headlines back. TD has been a player that maintained its acquired market share so we are hoping this one doesn’t get messed up like other Canadian banks that have struggled in the Southwest. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to Sen.

Community 216

Community Fintech Industry Innovation 216

Celent Banking

JUNE 12, 2015

This includes global transaction services, small business services, commercial and small business lending, and the changing role of corporate treasury and its impact on meeting the needs of corporate banking clients. On the lending side, US commercial loan outstandings have more than fully recovered from the 2008-2009 financial crisis.

Lending 100

Lending Trends Meeting Banking Trends 100

PYMNTS

MAY 24, 2016

The threat that is alternative lending is no more, according to a new report by Deloitte. The firm published a paper on the marketplace lending industry this week following a rocky month for the sector — the sudden exit of Lending Club’s CEO sent stocks tumbling. Soon after, the U.S. ” . . And, in the U.K.

Report 100

Report Lending Industry Analysis 100

South State Correspondent

JUNE 13, 2022

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. Examples abound, but a common one is when banks list “loan sales or participation” as a mitigant for credit shocks relating to lending sector concentrations.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

JULY 2, 2019

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill. The bank-FinTech collaboration trend has hit the small business customer segment particularly strong.

Fintech 125

Fintech Resources Capital Trends 125

PYMNTS

MARCH 2, 2020

Apple, Google, Amazon, Microsoft and Visa collectively lost $1 trillion of their market value last week as investors assessed the effect of lost sales on their short- and long-term performance. and impact the global economy was the financial crisis of 2008, which plunged the U.S. Then there’s the human fear factor.

Innovation 281

Innovation Online Video Maine 281

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response. The Rundown on the Run-up to the Decisions.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). What caused a dot-com bubble?

FDIC 78

FDIC Community Bank Regulation Lending 78

FICO

DECEMBER 1, 2020

Increased provisions, reduced capital, less ability to lend. All this will raise the question: Whatever capital I have got, how much can I lend to borrowers who have a low confidence on their own financial prospects, and are unsure if they should borrow or not? They can optimize the use of their capital and who they lend to.

Taxes 76

Taxes Lending Capital Regulation 76

PYMNTS

DECEMBER 18, 2017

Following the global financial crisis and a pullback among banks from small business (SMB) lending, some jurisdictions have recently begun introducing new initiatives to entice competition in the space. Odorović is the CEO and co-founder of Germany-based Penta , one of several challenger banks that have emerged in the EU market.

Apple 112

Apple Regulation Innovation Community 112

PYMNTS

OCTOBER 22, 2020

And where consumer demand blossoms, market interest follows – a rule that is particularly obvious in recent weeks, as players of all sizes and descriptions are beefing up their BNPL offerings just in time for the annual holiday shopping season. Affirm Eyes the Public Markets. PayPal’s Global Push. in August, and Pay in 3 in the U.K.

Trends 193

Trends Payments Retail Meeting 193

PYMNTS

SEPTEMBER 20, 2017

BECU and other credit unions have also had to address the emergence of new FinTech companies, firms which are disrupting financial services by offering consumers innovative new options for managing their money. Among the companies approached is Even, a supply-side marketplace lending company.

Fintech 123

Fintech Innovation US Mobile 123

PYMNTS

FEBRUARY 12, 2018

Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008. What Innovation? Data Doubletalk. billion at the start of the year — to $18 billion in September 2017.

Big Data 135

Big Data Data Retail Marketing 135

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. It’s easy to lend money. Resetting Mortgage Services.

Millennials 145

Millennials Lending System Data 145

CB Insights

OCTOBER 4, 2018

As the financial affiliate of Chinese e-commerce giant Alibaba Group , Ant Financial encapsulates a fintech ecosystem that starts with its dominant mobile payments service, Alipay, and expands into credit scoring, wealth management, insurance, and lending. It considers tech services to be an enormous market opportunity. Credit scoring.

US 78

US Fintech Mobile Regulation 78

PYMNTS

SEPTEMBER 18, 2017

has strongly hinted that the agency she birthed in 2008 and opened for business in 2011 — the Consumer Financial Protection Bureau (CFPB) — should be given the authority to do even more. There aren’t many markets where consumers actually have little to no other choice, but this is one of them. Senator Elizabeth Warren (D – Mass.)

Report 202

Report Regulation Data Retail 202

CFPB Monitor

JANUARY 12, 2021

To that end, facilitation of competition, innovation, and consumer choice in the marketplace should be an essential element of consumer protection policy. The focus of consumer protection policy should be avoiding harms to consumers rather than attempting to specify how providers should design and market their products.

Report 78

Report Regulation Policies Compliance 78

CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation.

Online 98

Online Company Retail Payments 98

BankUnderground

JUNE 25, 2020

In the case of data on the UK derivatives market, where each contract is reported to trade repositories , this sums to more than one billion rows of data every month. Finally, a third risk is that such restrictions inhibit innovative technologies that may improve the efficiency of financial services. 15 of this report ).

Data 110

Data Big Data Regulation Risk Management 110

Fintech Labs Insights

APRIL 27, 2016

Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards , five went to Finovate/FinDEVr alums. Fintech Leader of the Year: Zopa Executive Chairman and Co-Founder, Giles Andrews – FinovateSpring 2008. ” Innovation in Data Solutions: Nomis Solutions – FinovateSpring 2012.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

PYMNTS

MARCH 24, 2017

And meanwhile, politics ain’t a beanbag, but it’s bouncing the stock market around hither and yon. The goal is to look beyond the big cities for investment and innovation, with a mindset to level the VC playing field — and find untapped wellsprings of potential. Sizzle . Vance had touched on this at IP 2017.

Bitcoin 100

Bitcoin Maine Retail Lending 100

CB Insights

OCTOBER 29, 2018

The Sad State of Corporate Innovation. See how corporates are failing when it comes to innovation. Download the free 31-page State of Innovation report. While Google excelled in building software, it lagged behind in hardware and product innovation. Date: Sep 29, 2008. Date: July 1, 2008. Price: $7.9B.

Google 76

Google Software Innovation Company 76

PYMNTS

MAY 18, 2018

The move marks Ocado’s first official foray into the American market, and the firm’s fourth international deal overall. market, though Ocado plans to have talks with other U.S.-based ride-hailing market, up from 20 percent just a year-and-a-half ago. million. “The based retailers. It’s a massive opportunity.”. Talk about scale.

San Francisco 100

San Francisco California Operations social media 100

Jeff For Banks

DECEMBER 18, 2014

and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. BNC suffered significant credit woes during 2008-09 which led to material losses in ''09-10, and the decline in their tangible book value to $5.09/share

North Dakota 90

North Dakota Arizona Minnesota Los Angeles 90