PYMNTS

JULY 11, 2019

The tie-up with the bank is said to let Go-Jek bring SCB’s products in payments, insurance and digital lending to its apps in the months to come. It was also noted that customers, merchants and drivers will have additional access to bank products such as small business lending as well as insurance.

Lending 100

Lending Financial Technology Online Community 100

PYMNTS

JANUARY 2, 2019

According to a report citing data from the Federal Reserve, consumer debt — which includes credit cards , auto loans, student loans and personal loans — is expected to hit $4 trillion this year. According to data from Experian, the credit scoring company, consumers owe on average $6,826 on credit cards, which is 1.9

Cards 131

Cards Lending Report Data 131

PYMNTS

OCTOBER 25, 2019

Alternative small business (SMB) lending company Kabbage is entering the payments space in an effort to support small business cash flow. Small business customers can generate a unique URL to provide customers with a link to send card payments via text, email or web. Small businesses are charged 2.9 percent plus a $0.25

Payments 101

Payments Survey Cards Lending 101

PYMNTS

MAY 29, 2019

Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. billion in 2018, up from under $1 billion in 2013. percent annual percentage yield.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

PYMNTS

JANUARY 7, 2021

Today, SoFi’s suite of products includes 11 different offerings including a no-fee bank and savings account, debit and credit cards, student loans, mortgages, investments, auto/life/homeowners/renters insurance, as well as lending and planning services for small businesses. The Path Of The Neobank Supermarket.

Capital 150

Capital Los Angeles Boston Lending 150

CFPB Monitor

JUNE 14, 2022

Servicemembers have submitted more than 250,000 complaints to the CFPB since 2011. Mortgage (10%), credit card (8%) and deposit accounts (8%) rounded out the top five categories of complaints. Complaints regarding credit or consumer reporting represented 41% of the complaints, followed by debt collection at 21%.

Report 78

Report Lending National Data 78

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

MARCH 8, 2016

The bureau also released a bulletin about the marketplace lending industry and provided tips for consumers who are looking for alternative financing options. The CFPB has been accepting complaints since its inception in July 2011. The CFPB expects companies to close all but the most complicated complaints within 60 days.

Online 100

Online Lending Regulation Industry 100

PYMNTS

NOVEMBER 5, 2018

On Thursday morning, news broke that the nation’s largest retailer is suing its longtime credit card issuer, alleging breach of contract. Walmart and Synchrony announced the end of their long-term card partnership in July, with reports that Capital One would now be Walmart’s new issuing partner. In a suit filed in the U.S.

Data 115

Data Capital Cards Branding 115

Celent Banking

NOVEMBER 17, 2015

In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending. Many of the top FinTech companies—Square for card acceptance, Stripe for e-commerce, and Kabbage for business loans, have gained prominence serving primarily small businesses.

Report 100

Report FDIC Lending Fintech 100

PYMNTS

JUNE 3, 2016

In an interview with PYMNTS, VantageScore SVP of Research, Product Management and Analytics, Sarah Davies, noted that credit scores change all the time , and that it’s crucial for card issuers and other lenders to be cognizant of what drives those swings. How would you lend – if you knew that those scores were going to deteriorate?”. “How

Study 100

Study Lending Cards Analytics 100

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. Card Weakness. percent, its highest level since 2011.

Millennials 103

Millennials Lending Capital Cards 103

Fintech Labs Insights

APRIL 12, 2024

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) (..)

Innovation 15

Innovation Fintech Online Mobile 15

FICO

MAY 2, 2019

As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online. Fraud and data breaches have always had a close, if destructive, relationship.

Fraud 70

Fraud Data Cyber Security Risk Management 70

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. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011. Table of Contents: Amazon’s product strategy. Amazon’s Next Financial Pillar.

Cards 101

Cards Lending Strategy US 101

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. The business made its first loans in May 2011, and now there are now about 335 employees in four locations including the U.K., The goal of all that money is, of course, to lend to small business owners. To date, the business has provided over $2.5

Regulation 100

Regulation Lending US FDIC 100

Fintech Labs Insights

MARCH 12, 2024

It was ahead of its time with a dead-simple UI to help consumers spot, and turn-off recurring charges on their credit card statements. That’s why we built a Subscriptions page that allows you to track, view, and manage all your company’s debit and credit card subscriptions in one place. cashback on subscription payments (see #3).

Conference 15

Conference Cards Fintech Management 15

Fintech Labs Insights

NOVEMBER 4, 2021

Lendio first launched to the public at Finovate in May 2011 (7 minutes). . I first met Lendio when they demo’d on stage at our fourth FinovateSpring back in 2011 (see demo above ). They support most types of debt products from commercial loans to business credit cards. Credit cards. Lendio maintains an impressive 4.7

Utah 15

Utah Google Cards Lending 15

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth. Source: Stripe.

Online 98

Online Company Retail Payments 98

Qudos Bank

MAY 5, 2021

Rolling them together is known as ‘debt consolidation’ and can be used to turn short-term, high-interest debt like credit cards into longer-term, lower interest debts which can make them easier to manage and pay off. . If you took your home loan out before 1 July 2011, you could be charged an ‘exit fee’. Loans are subject to approval.

Lending 40

Lending Cards Course Management 40

Fintech Labs Insights

NOVEMBER 10, 2023

Centered around deposit and debit/charge card services Predominantly focused on consumers Primarily digitally delivered (rules out Wells Fargo, BofA, and the majority of traditional banks*) Founded since 1999 Do you run a small business :? 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

CFPB Monitor

JUNE 15, 2020

According to the agency’s press release , the final rule is designed to increase CRA-related lending, investment and services in low- and moderate-income (“LMI”) communities where there is significant need for credit, responsible lending, and greater access to banking services.

Community 60

Community FDIC Lending Examples 60

Fintech Labs Insights

FEBRUARY 22, 2022

SMB Challengers: Rho Delivers Integrated Bank, Card & Payments Experience. Related Stories Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022 The Fintech Unicorns of the 21st Century (Dec 2021) SMB Challengers: Rho Delivers Integrated Card, Payments & Checking Experience. Dec 2021 round.

Fintech 15

Fintech Bitcoin blockchain Lending 15

PYMNTS

JULY 4, 2016

The Lending Club Saga Takes Center Stage. One of the rapidly changing topics that’s caused a lot of stir recently has been the evolution of online P2P lending marketplaces. For this episode of Matchmakers, Paul Purcell, Partner At Continental Advisors, gave his take on P2P lending’s fatal mistake.

Data 103

Data Lending Mobile Payments 103

CFPB Monitor

MAY 14, 2015

Consistent with its continued focus on student lending, the CFPB issued a new request for information regarding student loan servicing. The CFPB first issued a public request for information in November 2011 (which we previously wrote about here and here ). Each section contains a series of specific questions.

Tools 60

Tools Policies Lending Industry 60

Fintech Labs Insights

FEBRUARY 22, 2022

SMB Challengers: Rho Delivers Integrated Bank, Card & Payments Experience. Dec 2021 round. Blockchain.com. Mar 2021 round. Chainalysis. June 2021 round. Aug 2021 round. 2019 round (per Fortune). Aug 2021 round. Oct 2021 round. Blockstream. Aug 2021 round. Anchorage Digital. Dec 2021 round. Mar 2021 round. Celsius Network. Oct 2021 round.

Fintech 15

Fintech Bitcoin blockchain Lending 15

PYMNTS

JULY 23, 2018

Median household income, which had dropped to $58,829 in June 2011, has consistently increased since the summer of 2014. And that’s not a “Geez, I forgot to pay the credit card bill since I was away for a week” late paying the bills situation. Only 4 percent of Shut Outs report having a credit card. Fewer than 7 percent (6.8

Cards 122

Cards Groups Report US 122

Fintech Labs Insights

FEBRUARY 2, 2021

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. It is the 7th fintech unicorn based in India, and the 4th most valuable. Full Fintech Unicorn List.

United States 15

United States Fintech Utah Lending 15

Fintech Labs Insights

FEBRUARY 2, 2021

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. It is the 7th fintech unicorn based in India, and the 4th most valuable. Full Fintech Unicorn List.

United States 15

United States Fintech Utah Software 15

Fintech Labs Insights

AUGUST 17, 2015

2011 revenue: $62,000. Kabbage launched the Kabbage Card at FinovateSpring 2015. 2011 revenue: $57,000. Prosper , online P2P lending platform. 2011 revenue: $2.2 Cardlytics , a card-linked offers platform that provides big data insights to financial institutions. 2011 revenue: $1.5 Founded: 2009.

San Francisco 12

San Francisco CA Atlanta Big Data 12

Javelin Strategy & Research

NOVEMBER 10, 2015

Banks and credit unions need aggregation as much as these disruptive upstarts if they hope to understand and stem the flow of profitable business to secondary financial institutions that now range from traditional rivals (other banks and credit card lenders) to nontraditional players (like Lending Club and Personal Capital).

Data 40

Data Security Management Regional 40

Fintech Labs Insights

NOVEMBER 19, 2021

2007 to 2011 >>> 10. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2011 (though it was originally founded in 2006 as FundingUtah). Founded: 2011. Only 4 surviving lenders were launched prior to 2007. Digital Lenders: Year Founded. Biz2Credit.

Atlanta 15

Atlanta Utah Miami DC 15

Qudos Bank

JULY 30, 2021

Exit fees if you took your loan out before 1 July 2011 (exit fees are banned from being applied to loans issued after that date). Three months’ account statements for credit cards, loans and transaction accounts. Normal lending criteria, terms and conditions and fees and charges apply. Validation of financial position.

Taxes 40

Taxes Lending Tools Security 40

Fintech Labs Insights

MAY 17, 2017

Socially responsible lender LendUp is expanding its L Card credit card offering this week. Originally launched in April of 2015, the L Card boasts low fees, offers users incentives for paying off their balance early, and provides materials to boost their financial education.

San Francisco 16

San Francisco Cards Lending Community 16

Fintech Labs Insights

AUGUST 26, 2020

Startups 2005 1 2006 0 2007 1 2008 1 2009 2 2010 2 2011 6 2012 5 2013 6 2014 13 2015 19 2016 17 2017 27 2018 23 2019 40 2020 50 Source: YCDB.co, TechCrunch. Bits : [Cards, Credit scores, Consumer] Product: Helps build credit scores with a digital credit card that must be paid off every month. Year Fintech. in revenue.

Fintech 12

Fintech Cards Lending cryptocurrency 12

Fintech Labs Insights

NOVEMBER 19, 2021

2007 to 2011 >>> 10. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. Founded: 2011 (though it was originally founded in 2006 as FundingUtah). Founded: 2011. Only 4 surviving lenders were launched prior to 2007. Digital Lenders: Year Founded. Biz2Credit.

Atlanta 15

Atlanta Utah Miami DC 15