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. Overall, year over year, online fraud attacks have spiked 215 percent.

Lending 100

Lending Mobile Cards Fraud 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

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. in 2014 and projects expansion to $35B by 2020.

Report 100

Report FDIC Lending Fintech 100

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. The legacy players held their market share by providing digital services deemed “good enough” to retain customers loath to switch banks. Looking for small business resources?

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

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

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

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.

Trends 193

Trends Payments Retail Meeting 193

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

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 Industry Analysis Policies 78

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

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. They’re comfortable doing financial transactions online.

Regulation 102

Regulation Lending social media Operations 102

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. Tech companies are chipping away at the traditional bank’s market share. SMB lending . get the full 45-page disrupting investment banking report.

America 101

America Lending Cards San Francisco 101

PYMNTS

NOVEMBER 14, 2017

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The Cleveland Federal Reserve Bank captured a lot of headlines with the release of its online lending study – particularly due to its use of the words “predatory” and “needs additional regulation.” Cleveland’s Dark Outlook.

Study 101

Study Lending Cleveland Online 101

PYMNTS

OCTOBER 13, 2016

But despite its market size, SMEs are struggling to get the working capital they need. A new report by the Canadian Federation of Independent Business (CFIB) released this month explores the financing efforts of SMEs between 2012 and 2015. Nearly half of Canada’s SMEs have applied for some form of financing in recent years.

Lending 100

Lending Capital Survey Cards 100

Fintech Labs Insights

JULY 18, 2016

Lending platform Cloud Lending Solutions recently announced a partnership with Japanese technology company Fujitsu. Fujitsu will help Cloud Lending Solutions distribute CL Originate , CL Lease , CL Loan , and CL Collections to its large and small business customers in Japanese and ASEAN markets.

Lending 12

Lending San Francisco America California 12

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. percent since 2012. According to the Federal Reserve , U.S.

Millennials 145

Millennials Lending System Data 145

PYMNTS

MAY 20, 2016

Because it is an investor in the online lender LendUp and has been before the company launched in 2012. Google’s announcement showed that it had updated its AdWords policy to effectively ban advertisers from marketing a number of lending products starting July 13.

Google 102

Google Policies Company Industry 102

CB Insights

AUGUST 28, 2017

The quarter also saw new unicorn births, with 5 companies reaching new valuations of $1B+: online lending site Tuandaiwang (valued at $1.5B In this research briefing, we will analyze fintech trends and data from the first half of 2017 including the latest in blockchain, insurance tech, capital markets and more. in 2015.

Fintech 47

Fintech Trends blockchain Online 47

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

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

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

CFPB Monitor

MAY 13, 2021

The general factual allegations include the following: The Respondents marketed and sold illegal or unfair mortgage modification services to financially distressed California homeowners, targeted Hispanic borrowers for financial assistance, and most of the THL clients were Hispanic.

Company 78

Company Exercises California National 78

Fintech Labs Insights

JULY 24, 2015

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. “The growth in alternative lending has breathed new life into so many small businesses,” Senturia said.

Capital 12

Capital Lending San Diego San Jose 12

NCR

OCTOBER 28, 2016

Back in spring 2012, President Barack Obama shocked conservative critics (maybe not for the first time) when he appeared on The Tonight Show to “slow jam” the news. trillion market, and in dire need of enhancement and change. However, the private market is growing as well, in part because the two types are not mutually exclusive.

Community Bank 40

Community Bank San Francisco Community National 40

NCR

OCTOBER 7, 2016

Back in spring 2012, President Barack Obama shocked conservative critics (maybe not for the first time) when he appeared on The Tonight Show to “slow jam” the news. trillion market, and in dire need of enhancement and change. However, the private market is growing as well, in part because the two types are not mutually exclusive.

Community Bank 40

Community Bank San Francisco Community National 40

Fintech Labs Insights

MAY 16, 2017

The 50 companies have an aggregate market valuation of $239 billion, and almost 20% of the list consists of fintech companies, six of which are Finovate and/or FinDEVr alums. A unique, online lending company that prides itself on social finance. Automated marketing messaging company. Launched: 2012. Launched: 2011.

New York 17

New York Analysis Compliance Lending 17

PYMNTS

OCTOBER 21, 2019

Two years later, in 2012, MCX rolled up with much the same ambition, but a different team of rivals: every major merchant in the U.S. Two years later, in 2012, MCX rolled up with much the same ambition, but a different team of rivals: every major merchant in the U.S. When most people asked “what’s next?” and run on the Discover rails.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

APRIL 17, 2017

So, while McKelvey lost out on that $2,000 sale — he and his (friend) and Co-Founder Jack Dorsey — the founder of Twitter — did end up with a $17 billion idea (Square’s market cap at the time this piece went to press). Square has come a long way from being an mPOS solution for cash-based glass blowers and farmers market purveyors.

Apple 110

Apple Capital Cards Payments 110

Fintech Labs Insights

FEBRUARY 2, 2021

But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. The startups is expecting to go public in early 2021 via a SPAC with an estimated market cap of $1.3B. Sunlight Financial : We debated whether NYC-based Sunlight is more fintech or financial institution. values as of 2 Feb 2021).

United States 15

United States Fintech Utah Lending 15

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, Company Description: The UK-based financial services company runs sites such as Compare the Market, lesfurets.com, and Beagle Street, which let people compare insurance products. Auto1 Group.

Groups 76

Groups Capital Operations Fintech 76

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. The Chinese coal market is one of the biggest in the world and this deal looked like easy money.

Google 76

Google Software Innovation Company 76

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). Kreditech CEO Alexander Graubner-Müller said his company was looking forward to bringing “point-of-sale finance” to markets where “reliable credit risk assessment” is lacking. .”

Fintech 15

Fintech Risk Management Technology Online 15

PYMNTS

JULY 23, 2018

May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market. That sounds pretty good in a market in which wages are stagnating — with base comp rising at 0.5 These consumers earn an average income of $70,000.

Cards 122

Cards Groups Report US 122

Fintech Labs Insights

MARCH 3, 2017

million loan originations since launching in 2012. Sasha Orloff, LendUp CEO and co-founder said, “This is an important milestone for LendUp because it proves the viability and sustainability of the market opportunity for socially responsible lending.”. In addition to the financing news, LendUp also surpassed $1 billion across 3.3

San Francisco 12

San Francisco Video Course Lending 12

Fintech Labs Insights

JUNE 13, 2016

Ask alternative online broker Motif Investing. Combined, the 50 companies in this year’s roster have raised more than $40 billion in venture capital and have an implied market valuation of $242 billion. Both projects are geared toward improving transparency between online lenders and borrowers.

San Francisco 12

San Francisco Lending Capital Innovation 12

Fintech Labs Insights

AUGUST 12, 2014

Graduating from there is like facing the job market with a resume boasting summer internships at Google, Facebook AND Goldman Sachs. 2012 Airbrite [link] Exited Airbrite is a cloud-enabled platform that powers mobile commerce We are the next generation of e-commerce. You are almost guaranteed a multi-million funding. During the past 4.5

Fintech 26

Fintech Bitcoin Cards Online 26

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. Community bank marketing resources. August 2012: Big merchants announce new consortium to combat interchange rates. Bravo OZRK! C’mon Man!’

Community Bank 60

Community Bank Apple Community Technology 60