PYMNTS

AUGUST 8, 2017

ID Finance Co-Founders Boris Batine and Alexander Dunaev were far from newcomers to the world of finance when they started up their business in 2012. And so, in 2012, with only a few hundred thousand of their own dollars to get up and running, ID Finance launched in one of those underserved markets — their home market of Russia.

Lending 105

Lending Capital Fintech Marketing 105

PYMNTS

AUGUST 30, 2018

29) that the government’s efforts to spur small business lending by pumping money into the financial services market has yielded only modest success. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off.

Policies 100

Policies Lending Regulation Community 100

PYMNTS

OCTOBER 2, 2018

Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. Avant’s consumer-facing product is devised as a digital alternative to that market. A Better Option For Banks.

Lending 134

Lending Alabama Online System 134

PYMNTS

SEPTEMBER 22, 2019

SoftBank also said in July that it was leading a $231 million funding round for the Brazilian lending startup Creditas in a bid to shake up competition in the traditional financial market. Creditas was started in 2012 by Sergio Furio, a Spanish former consultant and now the company’s chief executive.

America 164

America Lending Capital Groups 164

PYMNTS

JANUARY 18, 2021

Sources told Reuters that Grab is looking to take advantage of the red-hot IPO market in the U.S. If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.

Fintech 198

Fintech US Groups Management 198

PYMNTS

APRIL 20, 2016

As the nation waits and drama builds over expected new guidelines from the Consumer Financial Protection Bureau on short-term lending, the government watchdog has issued a new report that indicates that the high cost of payday loans is even higher than most people think.

Study 100

Study Lending Guidelines Survey 100

BankUnderground

FEBRUARY 5, 2021

Emerging markets (EMs) have become more exposed to the global financial cycle in recent years. Negative liquidity shocks on the other hand constitute a tightening of financial conditions, reducing lending and real investment ( Bruno and Shin (2015) and Avdjiev et al (2018) ). Aakriti Mathur and Shekhar Hari Kumar.

Marketing 95

Marketing Policies Study Tools 95

PYMNTS

NOVEMBER 26, 2019

BAMFi , a software provider for the secured lending space, will still own its proprietary solution FactorCloud. He added that TAB Bank is embracing the chance to expand in the Dallas-Fort Worth market and are “pleased to welcome BAM’s staff in Dallas to our team.” . The company was recently ranked 121 on the 2019 Inc.

Capital 130

Capital Fort Worth Dallas Lending 130

PYMNTS

AUGUST 18, 2019

mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates , the Financial Times reported Sunday (Aug. percent in late 2012. I’m thinking of [the refi wave] more like a partial offset to [lending margin] pressure, as opposed to a meaningful earnings boost.”.

US 108

US Comparison Lending Marketing 108

PYMNTS

JULY 10, 2019

Japanese company SoftBank is leading a $231 million funding round for a Brazilian lending startup called Creditas, in a bid to shake up competition in the traditional financial market, according to a report by Reuters. . Creditas was started in 2012 by Sergio Furio, a Spanish former consultant and now the company’s chief executive.

Lending 108

Lending Capital America Marketing 108

CFPB Monitor

JULY 10, 2020

Since April 2018, he has served as CFPB Policy Associate Director for Research, Markets, and Regulations since April 2018. For example, Steven Antonakes, who served as Deputy Director under former Director Cordray, simultaneously held the position of Deputy Director and Associate Director for Supervision, Enforcement, and Fair Lending.).

Policies 78

Policies Lending Community National 78

CFPB Monitor

NOVEMBER 30, 2020

The CFPB has issued a report titled “ Payment Amount Furnishing & Consumer Reporting ” that highlights changes since 2012 in the furnishing of actual payment data to consumer reporting agencies. The share of mortgage tradelines with actual payment data increased from less than 70 percent in 2012 to 95 percent in 2020.

Report 78

Report Data Payments Guidelines 78

PYMNTS

MAY 4, 2018

According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012. Its parent company, Enova International, reportedly spent more than $100 million in 2017 for marketing. The study examined data from TransUnion that identified about 90,000 customers who had taken out an online loan between 2007 and 2012.

Virginia 108

Virginia Online Cleveland Study 108

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. The CFPB’s Latest Round Of Payday Lending Complaints. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

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

NOVEMBER 13, 2017

The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The researchers used data from TransUnion for the study, pinpointing 90,000 borrowers who took out online loans from 2007 to 2012.

Study 100

Study Cleveland Online Philadelphia 100

Jeff For Banks

AUGUST 14, 2022

In 2012 the Obama administration launched "Operation Choke Point" ("OCP") which was designed to ensure banks considered the risk of banking payday lenders that were engaged in abusive practices. Let bankers determine if lending to this industry or that is risky. Because we are going after "climate related businesses."

Operations 78

Operations Lending FDIC Industry 78

PYMNTS

MARCH 24, 2020

In large markets such as China, the United States and India, mobile payment is very popular. The Mi Credit app is a marketplace for personalized lending, which provides credit of $70 to $1,400 to users. WeChat competitor Alipay debuted a comparative function in 2012 that enables users to send and accept funds via email or cellphone.

Mobile 108

Mobile Payments United States Cards 108

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

Abrigo

APRIL 10, 2017

He showcased several statistics, including that, while the number of credit unions in the United States has declined since 2012, the number of credit union members in the U.S. The first module that Ancin covered during the webinar was the current state of credit unions and the current regulatory environment.

Regulation 150

Regulation United States Lending Community Bank 150

PYMNTS

JULY 8, 2016

The lag in small business lending by banks is no secret; earlier this year, the U.S. Federal Reserve found that, while bank lending to small businesses was up, it has yet to return to pre-recession levels. The pilot program to begin calling rejected SMEs first began in 2012 before its official rollout.

Lending 101

Lending Report National How To 101

PYMNTS

JANUARY 25, 2018

But outside of the government, the financial services market has, in many ways, been working to play its own part in helping small businesses gain access to funding. “It will transform the business funding market and is a real step [toward] change for small businesses.”

Lending 122

Lending Regulation Marketing Operations 122

PYMNTS

AUGUST 25, 2017

Microsoft Accelerator, which launched in 2012, has so far accelerated 129 startups across 10 cohorts. Microsoft will be lending its Azure Cloud technology to the companies so they can enhance their cloud, IoT, Big Data and analytics capabilities. The Accelerator will also link the startups with marketing, sales and research teams.

Compliance 100

Compliance Big Data Capital Analytics 100

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. Online small business lending by direct credit providers has especially taken off. Morgan Stanley reports that US small business direct lending grew to around $7.5B

Report 100

Report FDIC Lending Fintech 100

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

Bankelele

OCTOBER 21, 2015

The total SME lending portfolio in December 2013 was estimated at Kshs. Limited Government Intervention: In 2010 The Government (though the Treasury) established a special SME scheme, called the MSE Fund, but since 2012 no new loans have been approved by the fund. million as of December 2012. 332 billion, representing 23.4%

Lending 28

Lending Capital Analysis Mobile 28

PYMNTS

OCTOBER 31, 2018

CYBG, which recently acquired Virgin Money with plans to ramp up small business lending, is facing a heightened legal challenge from small businesses accusing the institution of forcing some small firms into insolvency. The complaint alleges mistreatment of small business borrowers between 2001 and 2012.

Exercises 116

Exercises National Branding Lending 116

PYMNTS

AUGUST 3, 2017

Singapore sovereign fund GIC recently led a $220 million funding round for Chinese alternative lending platform Dianrong as the company looks to focus on research and development in China. The company launched in 2012 and operates across both consumer and business financing markets.

Risk Management 101

Risk Management Lending Management blockchain 101

CFPB Monitor

NOVEMBER 24, 2020

A bank with $100 million or more in total assets would be presumed to hold such a market position but could attempt to rebut the presumption by submitting written materials to the OCC demonstrating it does not hold either market position. Comments on the proposal are due by January 4, 2021.

Operations 78

Operations Analysis Industry Policies 78

PYMNTS

JUNE 10, 2016

are shying away from alternative lending startups due to the recent controversy within the space, but investors across the pond aren’t hesitating to finance the industry. in the alternative SME lending space, while B2B startups from the Netherlands and Spain also secured impressive rounds. Alt-Lending. Kikka Capital.

US 100

US Capital Lending Security 100

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

Abrigo

FEBRUARY 24, 2015

A resurgent job market (with 257,000 U.S. And just as in mortgage lending , credit unions are seeing a bigger piece of the consumer loan pie. credit union auto lending portfolios are faring. Across the country used vehicle loans nearly doubled their new counterparts by lending volume. in January, a jump of 0.5

Lending 150

Lending Alaska Regional Indiana 150

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital.

Regulation 102

Regulation Lending social media Operations 102

CFPB Monitor

JANUARY 30, 2017

Great Plains Lending, LLC, et al. , in which three tribal-affiliated, for-profit lending companies (“Tribal Lenders”) challenged the authority of the CFPB to issue civil investigative demands (CIDs) against Native American tribes. The Ninth Circuit recently issued its opinion in CFPB v.

Lending 60

Lending California Company Marketing 60

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

CB Insights

DECEMBER 10, 2020

Tech companies are chipping away at the traditional bank’s market share. Startups here are using consumer payments products like money transfers and peer-to-peer payments to chip away at banks’ payments market share. . This has provided an opportunity for other research providers to gain market share among banking clients. .

America 101

America Lending Cards San Francisco 101

PYMNTS

OCTOBER 22, 2020

And where consumer demand blossoms, market interest follows – a rule that is particularly obvious in recent weeks, as players of all sizes and descriptions are beefing up their BNPL offerings just in time for the annual holiday shopping season. Affirm Eyes the Public Markets. Things can change a lot in eight years. billion.

Trends 193

Trends Payments Retail Meeting 193