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Preparing for Section 1071

Abrigo

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. So back in 2011, we understood the next logical step. Proposed Rule.

Lending 195
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Mobile Payment Platform ShopKeep Closes $65 Million In Funding

PYMNTS

Tribeca Venture Partners , which led the company’s Series A round in 2011, led the financing. We are extremely fortunate to be backed by some of the top investors in both FinTech and [Software-as-a-Service (SaaS)].

Mobile 125
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Can FinTech Walk The FinTalk?

PYMNTS

In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans. Mashing up OnDeck’s quick credit-decisioning tech with Chase’s risk and underwriting models and capital pools gave Chase a way to expand its community of SMB borrowers without expanding its bad debt.

Fintech 183
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Mastercard Continues B2B Focus In Middle East

PYMNTS

Mastercard has invested significantly in the Middle East, home to a blossoming FinTech scene. Most recently, the credit card company struck a partnership with Swipezoom in the United Arab Emirates to roll out a B2B payment and invoice management solution, signaling B2B FinTech as a key focus for Mastercard in the market.

Cards 109
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How The Gig Economy Has Evolved Over The Last Decade

PYMNTS

Uber , Lyft , Fiverr , Airbnb , Postmates were the early names in the game, all founded between 2009 and 2011. At first, there were all kinds of things, and some of them were kind of silly — people who offered to sing ‘ Happy Birthday ’ for $5,” Fiverr’s Global Head of Community Brent Messenger told Karen Webster in an interview in 2017.

Community 236
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Canadian Firms Spending $5 Billion On Payments Processing

PYMNTS

The companies noted that analysis from 2011 by the nation’s Task Force for Payments Systems Review estimated the national economy could save more than $6 billion every year by upgrading the nation’s payments systems.

Payments 124
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Where are The FinTech Darlings Now?

Jeff For Banks

FinTech, FinTech, FinTech! A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market. If looking for a FinTech (seven) partner, follow your vendor management procedures.

Fintech 60