Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

OCTOBER 8, 2019

Today in the payments news roundup, Affirm has launched a new app that will let customers use the service to pay almost anywhere online or in the real world. Domino’s Supreme Court Decision Spotlights Online Web Accessibility . The company launched in 2012. Max Levchin On The Future-Present Of Everywhere POS Lending.

social media 109

social media Payments Online cryptocurrency 109

Celent Banking

NOVEMBER 17, 2015

In the US, small business customers get bounced around like Goldilocks—they are too small to be of interest to commercial relationship managers and too complex to be easily understood by retail branch staff. Online small business lending by direct credit providers has especially taken off. of all firms.

Report 100

Report FDIC Lending Fintech 100

Bank Innovation

JUNE 21, 2016

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

Digital Banking 199

Digital Banking Mobile Technology Operations 199

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 7,270 $4,100 4 Revolut 3004 2015 London 11,460,000 $1,700 5 Chime 2727 2012 SF 10,710,000 2.6 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

NOVEMBER 21, 2016

The dominating narrative in small business lending is the rise in alternative finance to fill the gaps left behind by traditional banks. Sageworks , which develops financial data management solutions for financial institutions, has just entered the SME lending arena with a new solution that provides banks with small business lending support.

Lending 100

Lending Meeting National Community 100

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Companies like Fount and Liqid are digital asset managers with robo-advising capabilities. SMB lending . Consumer deposits & savings.

America 101

America Lending Cards San Francisco 101

PYMNTS

MAY 29, 2018

Whenever it happens, it’s safe to say that a $150 billion valuation would make Ant’s IPO one of the biggest ever, putting it ahead of Facebook ’s $104 billion IPO in 2012 and behind Alibaba’s $168 billion IPO in 2014. The company was initially only looking to raise $5 billion, half of what investors ended up wanting to contribute.

Capital 101

Capital Security Lending National 101

PYMNTS

OCTOBER 22, 2020

“Together with the power of our retail platform, the latest banking technology from 10X and the support of Westpac, we will begin by offering cash flow management in a simple way,” said CEO Anthony Eisen. For Afterpay, this is clearly just the beginning as we explore this opportunity globally.”. Affirm Eyes the Public Markets.

Trends 193

Trends Payments Retail Meeting 193

CFPB Monitor

NOVEMBER 19, 2018

Initiated in 2012, Operation Choke Point targeted banks serving online payday lenders and other companies that have raised regulatory or “reputational” concerns. In June 2014, the national trade association for the payday lending industry and several payday lenders initiated a lawsuit in D.C.

FDIC 68

FDIC Operations Policies Regulation 68

CFPB Monitor

NOVEMBER 24, 2020

The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.

Operations 78

Operations Analysis Industry Policies 78

PYMNTS

NOVEMBER 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. So how did one branch of the Fed end up on such a different page from their counterparts? Cleveland’s Dark Outlook.

Study 101

Study Lending Cleveland Online 101

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

Cards Google Tools Regulation 189

Fintech Labs Insights

DECEMBER 17, 2015

Debt repayment app PaySwag will integrate its mobile technology with Cloud Lending’s lending platform courtesy of a partnership announced today. The white-label solution enables Cloud Lending customers to view, pay, and refinance their loans by mobile device. Snehal Fulzele is CEO. Max Hanes is CEO.

Lending 12

Lending Mobile Nevada California 12

PYMNTS

DECEMBER 28, 2018

percent since 2012. These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. It’s easy to lend money. According to the Federal Reserve , U.S. That amounts to $13.2 trillion, up 18.5 When rates go low, those are tailwinds.

Millennials 145

Millennials Lending System Data 145

Fintech Labs Insights

OCTOBER 22, 2015

Online SME lender OnDeck has announced a significant expansion of its product line for small businesses. ” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014.

Lending 12

Lending San Francisco New York City New York 12

Fintech Labs Insights

JULY 24, 2015

Dealstruck has raised $10 million in new capital from Community Investment Management. The online business lender now has a total capital of $70 million and says the investment will enable it to lend more than $100 million to small businesses. “And growing the capital pool means more access and more opportunity.”

Capital 12

Capital Lending San Diego San Jose 12

CB Insights

NOVEMBER 6, 2018

Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Old Mutual Global Investors, Artemis Investment Management. Company Description: Based in Sweden, Klarna provides online payment solutions. Auto1 Group. Valuation: $3.5B. NuCom Group.

Groups 76

Groups Capital Operations Fintech 76

CFPB Monitor

NOVEMBER 7, 2016

In its Fall 2016 Supervisory Highlights , which covers supervision work generally completed between May and August 2016, the CFPB highlights violations found by its examiners involving origination and servicing of auto financing, debt collection, mortgage origination and servicing, student loan servicing, and fair lending. Fair lending.

Lending 83

Lending Report Regulation Policies 83

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

MAY 10, 2017

In a funding round led by online payment service provider, PayU, Germany’s Kreditech has raised $120 million (€110 million). With total capital of more than $280 million, the Hamburg-based online lender has earned a valuation of between $325 million and $540 million, according to an estimate in TechCrunch.

Fintech 15

Fintech Risk Management Technology Online 15

CB Insights

OCTOBER 29, 2018

Date: March 21, 2012. Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: 2012. Zynga and OMGPOP. Price: $210M. a viral gaming hit for iOS and Android. Caterpillar and ERA.

Google 76

Google Software Innovation Company 76

PYMNTS

JULY 23, 2018

While credit cards and store cards were two of the top three financial services products used by our sample (the third was PayPal), Second Chances were far more likely to use personal loans from non-banks, online lenders or loans from family or friends to cover their expenses. percent since 2012. Today, U.S. That amounts to $13.2

Cards 122

Cards Groups Report US 122

Fintech Labs Insights

AUGUST 12, 2014

Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4% Pay with with Dwolla or Bitcoin, and manage all your orders in one place. One solution.

Fintech 26

Fintech Bitcoin Cards Online 26

PYMNTS

APRIL 11, 2016

Compared to the alternative — losing it in the market anyway and/or being taxed on whatever returns they might manage to eke out — the downside doesn’t appear too threatening. Over the years, outdoor bazaars became main streets which morphed into malls and now online marketplaces where sellers and buyers meet to do business.

San Francisco 100

San Francisco Operations Examples Branding 100

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. To Facebook’s Jerry Canning , a solid digital panelist at the ABA conference who pointed to the need to engage in conversations online with the customer, “the new CMO.”

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

AUGUST 23, 2018

As of the end of July, JPMorgan Chase’s career website had 2,314 open technology jobs, 148 product manager roles, and 63 digital jobs. . New hires will be given technical assessments, training, and managers who act as career advisers. JPM is introducing a two-year curriculum to focus on technical skills. JPM Mobile.

Cards 76

Cards Mobile Strategy Branding 76

William Mills

SEPTEMBER 7, 2016

Data and Analytics are a profit center rather than something that just needs to be managed. Demo: A Wealth Management Company (ACME)– GoodData can embed analytics directly in ACME’s dashboard. Both money management and helping consumers to save (and have access to emergency funds) is vital to our economy. Boy, that’s the truth.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

MAY 5, 2017

SME Lending. Formerly known as Creditera, Nav, which offers small businesses an online platform through which they can find financing, announced a $13 million addition to its previously announced $25 million Series B funding round, bringing the total raised for this round up to $38 million. W2 Global Data. and international operations.

Fintech 137

Fintech Big Data Capital Data 137

Fintech Labs Insights

JANUARY 21, 2022

Block ( Square ). June ’21 round. Checkout.com. Jan ’22 round. July ’21 round. August ’21 exit to Square. Aug ’21 round. FTX Exchange. Oct ’21 round. South Korea. Nov ’18 transaction. New Zealand. Accounting. Secondary market May 21. Plaid Technologies. April ’21 round. Infrastructure. Jan ’22 round. Dec ’19 round. Wise ( TransferWise ). Better.com.

Fintech 15

Fintech Lending Payments Security 15

Fintech Labs Insights

NOVEMBER 22, 2021

Mar 2021 round. 5 Nov 2021. June 2021 round. 5 Nov 2021. 5 Nov 2021. August 2021 exit to Square. 5 Nov 2021. Aug 2021 round. FTX Exchange. Oct 2021 round. 5 Nov 2021. New Zealand. New Zealand. Accounting. 5 Nov 2021. South Korea. Nov 2018 transaction. 5 Nov 2021. 5 Nov 2021. 5 Nov 2021. 5 Nov 2021. Checkout.com. Jan 2021 round. 5 Nov 2021.

Fintech 15

Fintech Lending Payments Security 15

CB Insights

AUGUST 1, 2017

This analysis does not include Social Capital’s funds managed independently from the main funds such as their investment in the Slack Fund, Social Capital’s hedge fund, or the recently launched Growth fund. Financial services: CommonBond is a marketplace lending platform for student loan financing. valuation in 2012.

Capital 34

Capital Software Google Company 34

PYMNTS

JULY 20, 2017

BBA also reported use of banking apps rose significantly by 356 percent between 2012 and 2017, with customers using apps more frequently to perform a variety of banking tasks beyond simply checking their account balances. adults would prefer to conduct their banking business online instead of in-person at a bank branch.

Digital Banking 128

Digital Banking Video Mobile Survey 128

Fintech Labs Insights

DECEMBER 20, 2021

Netherlands. 9 Dec 2021. June 2021 round. July 2021 round. August 2021 exit to Square. South Korea. Aug 2021 round. FTX Exchange. Oct 2021 round. Secondary market May 21. Checkout.com. Jan 2021 round. One97 (PayTM). Plaid Technologies. April 2021 round. Infrastructure. Oct 2021 round. Tinkoff Bank. Mar 2021 SPAC (proposed). Dec 2019 round.

Fintech 15

Fintech Lending Payments Security 15

CB Insights

MAY 23, 2019

Pixelon: Online video vaporware. LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption. Founded by Renaud Laplanche in 2006, LendingClub quickly became one of the largest online lenders in the US. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78

Fintech Labs Insights

FEBRUARY 1, 2022

1 Feb 2022. June 2021 round. Checkout.com. Jan 2022 round. 1 Feb 2022. July 2021 round. FTX Exchange. Jan 2022 round. August ’21 exit (Block). 1 Feb 2022. 1 Feb 2022. 1 Feb 2022. New Zealand. 1 Feb 2022. South Korea. Secondary May ’21. Plaid Technologies. April 2021 round. 1 Feb 2022. Tinkoff Bank. 1 Feb 2022. Mar 2021 SPAC (proposed). 1 Feb 2022.

Fintech 15

Fintech Lending Technology Security 15