CFPB Monitor

FEBRUARY 26, 2024

Federal News Wire – a non-partisan news group focusing on the activities of federal agencies – has issued a Freedom of Information Act (“FOIA”) request to the Consumer Financial Protection Bureau, seeking a list of all organizations who have received payments from the Bureau’s “Civil Penalty Fund” (“CPF”) since the Bureau’s formation in 2011.

Payments 78

Payments Groups 78

The Paypers

OCTOBER 5, 2016

(The Paypers) In spite of the fact that traditional retailing have a significant market share in the global retail market, ecommerce has gained considerable traction since 2011.

Marketing 31

Marketing Retail 31

Bank Innovation

AUGUST 7, 2017

It’s happened before — Green Dot bought Bonneville Bank back in 2011, and there have been a few others, but it’s far from a trend — yet. A bank buying a fintech company is newsworthy, but a fintech startup buying a bank means the industry may be changing. But that kind of change is what […].

Fintech 331

Fintech Trends Industry Company 331

South State Correspondent

JULY 30, 2019

In 2011, their CEO, Reed Hastings, their Chief Talent Officer, and others produced a “Culture Doc” (below) that spread like wildfire among the Silicon Valley’s elite. It’s tough work fraught with many scratches and a lot of moving around. However, when it comes to corporate culture, Netflix is in the pantheon and can give banks insight.

230

230

Bank Innovation

JANUARY 31, 2018

Moven burst onto the fintech scene in 2012 — it was founded in 2011 and launched an alpha product in 2013 — as Brett King’s bank, or bank account. Neobank Moven has secured an undisclosed amount from SoftBank and is looking to acquire a bank with the funding, according to an American Banker report. Originally […].

Fintech 261

Fintech Security Report Cards 261

CFPB Monitor

SEPTEMBER 14, 2023

The CFPB reiterates that official guidance documents issued by other agencies prior to the 2011 transfer would be applied by the CFPB unless they were superseded by law. Continue Reading

Policies 78

Policies Industry 78

BankUnderground

JANUARY 17, 2024

For example, Bunn and Ellis (2011) document stylised facts about pricing behaviour from the UK microdata and the August 2020 Monetary Policy Report used CPI microdata to inform policy. Spikes in 2008, 2010 and 2011 are a consequence of UK VAT changes (17.5% in 2010 and increase to 20% in 2011). to 15% in 2008, increase to 17.5%

Data 131

Data Policies US Regional 131

Bank Innovation

JUNE 4, 2018

Just last month, the bank agreed to pay $480 million to settle a lawsuit from investors accusing Well Fargo of securities fraud related to its fake-account scandal from 2011 to 2016 in which 2 million fake accounts were set up. “We Wells Fargo & Co. has had a very public battle with fraud. We have alerting to […].

Tools 220

Tools Fraud Security Data 220

Bank Innovation

NOVEMBER 20, 2019

The company’s Canadian operations were based in Montreal since 2011, but Corey Myckan, Canada country director at WorldRemit, said the company decided […].

Operations 170

Operations Marketing Payments Company 170

Chris Skinner

AUGUST 6, 2018

I spotted a chart the other day showing the millions of dollars lost on cryptocurrency platforms … Source: The Wall Street Journal Since 2011, there have been 56 cyberattacks directed at cryptocurrency exchanges, initial coin offerings and other digital-currency platforms around the world, according to Autonomous Research, bringing the total … (..)

cryptocurrency 228

cryptocurrency blockchain Fintech Payments 228

Bank Innovation

MARCH 30, 2018

These changes were established by the Bank of England in 2011, and is referred […]. The major U.K. bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation.

Online 220

Online National Regulation Mobile 220

Bank Innovation

DECEMBER 13, 2017

Established in 2011, iZettle enables small business merchants across Europe and Latin America to accept card payments. Swedish payment company iZettle today announced it raised €40 million ($47.05 million) in funding to accelerate growth. The round was led by venture capital firm Dawn and The Fourth Swedish National Pension Fund.

Company 230

Company Payments America Capital 230

Bank Innovation

JULY 22, 2019

and launched Remitly in 2011. Matt Oppenheimer co-founded Remitly eight years ago after working in Kenya and experiencing the pain of transferring money across borders first hand. After working for Barclays as part of an MBA rotational program for nearly two years, he moved back to the U.S.

Seattle 170

Seattle Company Innovation Strategies Strategy 170

Perficient

APRIL 14, 2022

TRACE reporting was expanded in March 2010 to include agency-backed securities and again in May 2011 to include asset-backed securities. All broker-dealers who are FINRA member firms have an obligation to report transactions in TRACE-eligible securities under an SEC-approved set of rules.

Report 294

Report Compliance Security Regulation 294

TheGuardian

AUGUST 24, 2022

In a speech today, the assistant minister for competition, Andrew Leigh, will point the finger at big business over the inflation crisis Most Australians became acutely aware of market power in 2011 due to, of all things, the price of milk. Prior to 2011, milk prices rose largely in line with inflation. Continue reading.

Marketing 74

Marketing 74

PYMNTS

FEBRUARY 13, 2019

“Levoff also had a previous history of insider trading , having traded on Apple’s material non-public information at least three additional times in 2011 and 2012. In fact, Levoff sent two such emails immediately prior to his insider trading in 2011.”. District Court of New Jersey.

Apple 134

Apple Compliance Security New Jersey 134

American Banker

AUGUST 2, 2023

government's credit rating, analysts said the action should have little long-term impact, similar to a downgrade by Standard & Poor's in 2011. While financial markets wobbled after Fitch Ratings reduced the U.S. JPMorgan Chase CEO Jamie Dimon argued that Fitch's action "doesn't really matter that much."

Marketing 69

Marketing Policies Industry 69

PYMNTS

JUNE 25, 2020

Data: 2011: The year Newegg launched a marketplace model where other sellers accessed its eCommerce platform. And Newegg is mastering the art of the pivot , having piloted a unique business model with a platform that directly connects suppliers and consumers. All this, Today in Data. 186B: Amount of social commerce sales in China in 2019.

Retail 172

Retail Community Data Branding 172

PYMNTS

JANUARY 12, 2021

Michael Dubin , who started the brand in 2011, previously told the board of his decision to leave his chief executive position and will stay with the firm as a board member and special advisor. I'm absolutely thrilled to pass the torch to Jason [Goldberger].

Branding 153

Branding United States Leadership America 153

Bank Innovation

APRIL 16, 2018

The awards began in 2011 and recognize innovation in a number of areas: product and service innovation, channel innovation, […]. The deadline has been extended for submissions to its annual Global Innovation Awards, BAI announced today.

Innovation 150

Innovation 150

PYMNTS

OCTOBER 19, 2020

In 2011, the number of unbanked Americans rose to 8.6 percent in 2011, from 7.6 The Great Recession from a decade ago also saw an increase in unbanked Americans, which the FDIC report uses as a basis for what may happen going forward. percent in 2009. But in the ensuing years as the economy improved, the number fell 2.8 percent.

FDIC 140

FDIC Resources Cards Payments 140

Chris Skinner

APRIL 24, 2017

Source: World Bank More detail about these figures can be found in the World Bank’s Global Findex report and database, which estimates that the number of people worldwide having an account equates to 62% of the world’s adult population has an account in 2014, up from 51% in 2011. In 2011, 2.5 This represents a 20% decrease.

National 316

National Strategy Case Study Mobile 316

PYMNTS

JANUARY 25, 2021

percent increase in volume and value, respectively, since 2011. If the RBI develops a digital currency, it could easily help further development in crypto, with the RBI reporting strong growth in digital payments in the country. According to Cointelegraph there has been a 12.5 percent and 4.5

cryptocurrency 318

cryptocurrency Regulation Report Payments 318

PYMNTS

MAY 15, 2019

trillion: Projected annual business travel spend by 2011. trillion: Net amount U.S. firms are owed in accounts receivable on any given day. percent: Firms that regularly use immediate payment services.

Payments 185

Payments Fraud Innovation Data 185

PYMNTS

SEPTEMBER 1, 2020

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

blockchain 307

blockchain System National Payments 307

CB Insights

JUNE 26, 2016

As we’re mentioned, corporate giants in tech are competing to acquire private artificial intelligence startups, with Google emerging as the most active acquirer over the last 5 years. So far in 2016, there have already been over 20 acquisitions of … Continued.

Google 49

Google 49

PYMNTS

FEBRUARY 18, 2020

Volocopter was founded in 2011 and is a pioneer in urban air mobility. The startup said it demonstrated in 2011 that electrically powered vertical flight is possible for humans. The collaboration could “eventually extend intermodal mobility to the skies.” .

Study 163

Study Las Vegas Regional Mobile 163

TheGuardian

MAY 14, 2022

The campaign for National Bank Trust in 2011 – which included cardboard cutouts of Willis popping up in 400 branches across Russia – was credited with raising the bank’s profile and boosting business. Continue reading.

National 92

National Fraud Marketing 92

Perficient

AUGUST 16, 2023

In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

DECEMBER 7, 2020

The company was founded in 2011 and has worked to capitalize on banks' reduced focus on lending after the late 2000s financial crisis, working on refinancing student loans early on and has since also worked on mortgages and personal loans, according to Reuters. SoFi was valued at $4.8

Report 269

Report San Francisco Lending America 269

Payments Dive

FEBRUARY 23, 2016

The card network announced its initial investment in 2011 when the mobile POS provider was still a private company.

Mobile 150

Mobile Cards Company 150

American Banker

NOVEMBER 18, 2020

The latest report from the American Customer Satisfaction Index reported lower scores for both industries, with credit unions recording their lowest ranking since 2011.

Survey 86

Survey Industry Report Customer Experience 86

Chris Skinner

APRIL 19, 2016

Things we’re reading today include … How money has been made over the years US bank revenues fall by most since 2011 Goldman Sachs’ slump extends to four quarters as net revenue plummets Finance leaders call for fintech forum Offshore in central London: the curious case of 29 Harley Street | Oliver Bullough Plans to …

Fintech 150

Fintech US 150

PYMNTS

JANUARY 7, 2021

When Mambu launched in 2011, we knew the future of banking would have to be built on agile and flexible technology,” Eugene Danilkis , co-founder and CEO of Mambu, said in a press release. Nearly a decade later, this is more true now than ever, particularly given developments over the past year.”.

United States 255

United States Software Capital Fintech 255

PYMNTS

JANUARY 7, 2020

In today’s top news, 2019 is on track to be the second-best year after 2011 for startups worth over $500 million, Toyota unveiled plans for a smart city in Japan, and ExxonMobil and Fiserv have teamed up to let people pay with Alexa at the gas pump. US Backers Rain Money on Savvy Startups. Toyota Engineers Blueprint Japanese Smart City.

Las Vegas 130

Las Vegas US Payments Capital 130

PYMNTS

SEPTEMBER 18, 2020

percent through Q3 2019 and was on pace to be the second-best year following 2011, according to a January report. “If it’s an obviously top 10 percent company, there’s just a huge amount of money being thrown at them by the VC world.". The Prime Unicorn Index increased 58.4

Mobile 264

Mobile Comparison ATM Cards 264

TheGuardian

JUNE 11, 2020

The fine is linked to Lloyds’ mishandling between 2011 and 2015 of more than 526,000 mortgage customers, who have since been reimbursed a total of £300m. The Financial Conduct Authority said that while the bank identified the problem as early as 2011, it “failed to fully rectify the issues”. Continue reading.

Groups 70

Groups Regulation 70