BankUnderground

APRIL 3, 2024

Net lending represents the overall surplus or deficit, and it is theoretically the same whether you look at it from the income or financial account viewpoint. Evolution of the net lending positions of households and corporates The pre-GFC era was a period of strong growth and low inflation , which coincided with a large expansion of credit.

Lending 63

Lending Analysis Policies Trends 63

PYMNTS

MAY 14, 2018

Its analysis also found that the rise in alternative and marketplace lending options in the market has not yet made a significant impact on SMBs’ ability to access trade finance products. According to the FIs, the program has facilitated more than $30 billion in trade finance to SMBs across Asia since its launch in 2009. “As

Analysis 116

Analysis Lending Operations Marketing 116

Bank Innovation

FEBRUARY 28, 2017

Bank Innovation today released a beta of its relaunch, the most significant rebuilding of the site since its start in 2009. Let us know what you think of the rebuilt site by emailing info@bankinnovation.net.

Innovation 150

Innovation US social media Operations 150

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. The DOJ Finding. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

MARCH 2, 2018

Beard will focus on launching new products for marketers and expanding Cardlytics’ advertiser relationships in his new role, while Johnson will help Cardlytics’ financial institution partners expand their loyalty programs in her new role. Johnson joins Cardlytics from SunTrust , where she was SVP and head of Consumer Direct Lending.

Marketing 101

Marketing Groups Lending Branding 101

Bank Innovation

MARCH 6, 2017

Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we were the lone voice for innovation at banks.

Innovation 150

Innovation Online social media Operations 150

Abrigo

FEBRUARY 9, 2016

As the market has shifted from 2009, almost every bank wants to grow, and they are receiving pressure to do that,” says Peter Brown, director of strategy and operations for the financial institutions division at Sageworks. Speed to market is critical,” Brown says. “An

Compliance 150

Compliance Lending System Data 150

Bank Innovation

FEBRUARY 28, 2017

We have undertaken our most significant redesign and relaunch since Bank Innovation initially dropped online in 2009. This beta officially kicks off today and marks a new chapter in the life of Bank Innovation. We hope you love it. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we […].

Innovation 150

Innovation Online social media Operations 150

PYMNTS

JUNE 28, 2016

The first was on the valuation of assets in six private funds, and the other was tied to loans made in 2009 to the former CEO and three of his family members. Lending Club is set to hold an annual shareholders meeting Tuesday (July 5th) after postponing the event three weeks ago. The toll has been swift and measurable.

Lending 101

Lending Maine Meeting Management 101

BankUnderground

JANUARY 27, 2021

One key message stands out: banks that are more rooted in their market are much more likely to continue lending when faced with the economic fallout from such shock. Banks with access to central bank liquidity continued or even expanded their lending. A pandemic or natural disaster can impact lending in several ways.

Lending 68

Lending Study Marketing Capital 68

PYMNTS

OCTOBER 21, 2019

The world of 2009 was starkly different, a far less optimistic place. Though the Great Recession was technically “over” by the middle of 2009, few people living in the real economy felt that fact in their daily lives. When people asked “what’s next?” in the year 1999, they were generally pretty excited to hear the answer.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

OCTOBER 17, 2017

“Delinquency rates have risen in part because lending to sub-prime borrowers increased significantly in recent years,” CreditCards.com’s senior industry analyst, Matt Schulz, said in the report. Synchrony and Alliance Data are focused on the store-branded, private label credit card market.

Cards 109

Cards America Data Lending 109

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

BankUnderground

AUGUST 17, 2021

There is ample evidence that a monetary policy tightening triggers a decline in consumer price inflation and a simultaneous contraction in investment and consumption (eg Erceg and Levin (2006) and Monacelli (2009) ). They either assume frictionless financial markets, or consider frictions in firms’ demand for investment funding.

Policies 97

Policies Capital Comparison Marketing 97

Abrigo

APRIL 14, 2020

The ability of financial institutions to make concessions and work to provide the markets with assurances is a direct result of their overall financial well-being, as well as their nimbleness. During the crisis in 2009, the banking system saw shockwaves hit, causing a number of bank closures. Lending & Credit Risk.

Community 195

Community Lending Meeting Marketing 195

PYMNTS

APRIL 10, 2017

The $1 trillion level has been attained for credit card debt within the country, with that level not seen since early 2009, when the shockwaves of the financial crisis first were felt. Those two subsets of lending hit their own respective $1 trillion levels over the past few years. In the U.S., at least, debt is no four-letter word.

Cards 120

Cards US Lending National 120

PYMNTS

JANUARY 16, 2019

After all, despite recent stock market woes, the economy remains relatively strong, with low unemployment. After all, despite recent stock market woes, the economy remains relatively strong, with low unemployment. Small-dollar lending is one option. The Situation. Cash Flow Help. So, what exactly is offered?

Lending 139

Lending Training Technology Analysis 139

BankUnderground

JULY 22, 2020

Dollar shortages in funding markets outside the United States have been a recurrent feature of the last three major crises, including the turmoil associated with the ongoing Covid-19 pandemic. As part of this swap operation the Fed lends US dollars to a foreign central bank, receiving the other country’s currency as collateral.

US 80

US Policies United States Lending 80

Jeff For Banks

OCTOBER 15, 2021

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Sure, your home value declined, but what does that mean to someone with little to no mortgage and isn't in the market to sell? Forcing savers into equities, which has driven markets up. Taxes go down?

Taxes 78

Taxes FDIC Guidelines Policies 78

PYMNTS

JUNE 17, 2016

A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest. The really interesting, though less juicy, story is what got Lending Club into trouble. Again, it hasn’t worked out.

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

PYMNTS

JUNE 5, 2019

The real trick is to tie engaging consumer experiences to those cards, which is critical, as prepaid and reloadable cards continue to evolve — moving from plastic cards to mobile accounts that can adapt to an expanding portfolio of use cases, including payroll, online gambling or even consumer and business lending. Step back a bit first.

Cards 158

Cards Las Vegas Innovation Mobile 158

Jeff For Banks

FEBRUARY 19, 2012

As a result, we dropped rates to such a level that it wasn''t attractive to traditional CD customers and they began parking money in liquid savings vehicles, such as the money market account. But the chart below from recent Small Business Administration research, although using 2009 data, demonstrates a trend worth noting.

Community Bank 100

Community Bank Community Industry Strategy 100

BankUnderground

DECEMBER 15, 2022

It includes countries’ foreign reserves, Regional Financing Arrangements (RFAs), central bank swap lines, and IMF lending. The country’s commitment to good policies, the Fund’s endorsement, and the access to IMF resources that accompany this, send a reassuring message to markets.

Capital 78

Capital Policies Resources Regional 78

Fintech Labs Insights

OCTOBER 25, 2016

P2P lending giant Lending Club has been offering car buyers an alternative borrowing experience since it launched ten years ago. Lending Club’s new Auto Refinancing product offers a solution that gives qualified borrowers a more affordable monthly payment and interest rate. Instead, the company itself will buy the debt.

Lending 12

Lending California Company Cards 12

Gonzobanker

MARCH 6, 2018

Big banks have been in the driver’s seat on growing their market share in retail, while paring down branch networks. Meanwhile, Wells plans to close 450 branches by 2019, BofA has closed 1,600 branches since 2009, and Chase closed 365 since 2015. Digital: The New Must-Have. The Transformation of Delivery.

Strategy 89

Strategy Marketing Mobile Trends 89

PYMNTS

OCTOBER 13, 2016

But despite its market size, SMEs are struggling to get the working capital they need. percent in 2009, it still is significantly higher than levels seen in 2000 (10.5 Nearly half of Canada’s SMEs have applied for some form of financing in recent years. percent) has declined since a high of 19.3 But according to the CFIB, only 0.1

Lending 100

Lending Survey Capital Cards 100

PYMNTS

NOVEMBER 17, 2017

Since the Credit Card Accountability Responsibility and Disclosure Act passed in 2009, Paradis and Youakim said, credit card companies are legally prohibited from marketing to college students with no credit history. Not charging interest for lending out money sounds like a losing proposition for a company focused on consumer finance.

Millennials 104

Millennials Cards Lending Payments 104

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

JUNE 10, 2016

Alt Lending. Yes, alt lending has the distinction of being on our Fizzle list ever since we started keeping count. combined with softening demand in developing markets, have cut into sales. Stay tuned. Keep the streak alive! It’s why everyone is looking to the cloud. Sizzle or Fizzle? The Blue Coat IPO.

Apple 100

Apple Lending Google Mobile 100

Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Niche players Everbank and CIT use Internet deposits as cheap funding for commercial finance and lending activities.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

PYMNTS

APRIL 17, 2017

So, while McKelvey lost out on that $2,000 sale — he and his (friend) and Co-Founder Jack Dorsey — the founder of Twitter — did end up with a $17 billion idea (Square’s market cap at the time this piece went to press). Square has come a long way from being an mPOS solution for cash-based glass blowers and farmers market purveyors.

Apple 110

Apple Capital Cards Payments 110

Fintech Labs Insights

FEBRUARY 27, 2017

P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Founded in 2005, Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007.

Lending 12

Lending San Francisco Groups Capital 12

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. The proposed consent order requires the bank to pay a $5.5

NJ 60

NJ New Jersey New York Philadelphia 60

BankUnderground

JUNE 9, 2020

The Covid-19 shock had a big impact on stock markets worldwide. Using a newspaper-based Equity Market Volatility (EMV) tracker Baker et al (2020) show that no previous infectious disease outbreak, including the Spanish Flu, has impacted the stock market as powerfully as the Covid-19 pandemic. How do firms shore up on liquidity?

Policies 69

Policies Marketing US Study 69

Fintech Labs Insights

NOVEMBER 10, 2023

The legacy players held their market share by providing digital services deemed “good enough” to retain customers loath to switch banks. Venture investors saw consumer banking as ripe for disruption in the aftermath of the 2007-2009 financial crisis. 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

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. Market opportunity. Business lending and corporate cards. Stripe is ramping up its private market investments. Expansion into emerging markets.

Online 98

Online Company Retail Payments 98

FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. To be clear, this is not only about efficiency in lending. Here are our top 5 posts from 2020. #1. Transforming the Customer Experience: Telecommunications. “In

Analytics 52

Analytics Analysis Lending Management 52