PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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PYMNTS

APRIL 13, 2018

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. Founded in 2013, New York-based Orchard initially provided Wall Street firms with data on the marketplace lending sector. Both companies declined to comment. billion.

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Lending Data Marketing New York 108

PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.”

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Lending Capital Compliance Operations 100

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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Bank Innovation

NOVEMBER 8, 2017

WeLab was founded in 2013, and now has over […]. The round included big names like Chinese e-commerce giant Alibaba, Credit Suisse and World Bank’s International Finance Corporation. This latest round of funding brings WeLab’s total to $425 million.

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South State Correspondent

NOVEMBER 9, 2016

Back in June of 2013, the FDIC, OCC, and Federal Reserve jointly approved rules intended to implement new international banking standards. Known as the Basel III Capital Accords, Basel III uses a risk weighting system to determine the capital ratios for higher risk assets.

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Abrigo

OCTOBER 1, 2014

” There is a real opportunity here for community banks to position themselves within this movement and capitalize on what the consumer sees as their strengths— relationship-based lending , tailored product offerings, and knowledge of the local community. Develop a relationship-based lending framework.

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PYMNTS

FEBRUARY 6, 2018

And so with his friend, former Capital One executive and former South African Air Force member Mickey Konson, he founded StreetShares , Inc. “We That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements. We were a very boot-strappy start-up,” he recalled. What’s Next.

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PYMNTS

JUNE 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. Standard Chartered Private Equity was the main investor, and Affirma Capital also participated in the round. The company is known as the “lending club of China.”

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Jack Henry

JUNE 3, 2015

According to the Commercial Finance Association’s annual survey, asset based lending (excluding factoring) commitments rose to $216 billion by the end of 2014, with funded balances reaching $90 billion. increase in funded balances from 2013. Times like these call for a return to the fundamentals of working capital finance.

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PYMNTS

AUGUST 11, 2017

And in that context, PayPal’s just-announced acquisition of Swift Financial, as it moves to expand the purview of its PayPal Working Capital program, strikes a distinct chord. Working Capital leverages the front seat view that PayPal has into their merchants’ businesses to assess their creditworthiness — and their ability to pay back a loan.

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Lending Capital Video Online 117

BankUnderground

FEBRUARY 11, 2021

Large amounts of capital flow across borders. Our case study of French banks operating in London – part of a broader international initiative – suggests prudential policies have a much bigger offsetting effect on French banks’ lending out of the UK’s financial centre than on their lending out of headquarters in France.

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Policies Lending Capital Case Study 102

PYMNTS

MAY 29, 2019

The company said it will use the capital to invest in growth and add some muscle to its $2.3 Previous SoFi investors include SoftBank Capital and Peter Thiel. The private capital space has attracted a lot of interest lately: Investments in the area grew to $4.4 billion in 2018, up from under $1 billion in 2013.

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PYMNTS

JULY 31, 2018

BlueVine, the FinTech startup that recently announced a $60 million round of financing, has added $12 million to its Series E round of funding from M12, Microsoft’s venture capital fund. Founded in 2013, BlueVine is one of the leading FinTech players in online small business lending.

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PYMNTS

NOVEMBER 20, 2018

In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9 In fact, that lowering delinquency story was also one that occurred across segments.

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Lending Trends Cards Capital 188

Abrigo

NOVEMBER 11, 2019

An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. FDIC FIL-46-2013 October 8, 2013. Using ALM to grow earnings and capital. ALM should be used to create value in all interest rate environments.

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Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions. Reviewing lending staff’s risk ratings. Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives.

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PYMNTS

AUGUST 21, 2017

BlueVine, which is an online lender that is focused on the small business market, raised funding last year and has secured a total of $188 million in venture capital funding since 2013. The executive noted that investors are looking at the “viability of the overall lending model” and what effect it will have on the weaker players.

Online 100

Online Lending Capital Compliance 100

BankUnderground

APRIL 3, 2024

Net lending represents the overall surplus or deficit, and it is theoretically the same whether you look at it from the income or financial account viewpoint. Evolution of the net lending positions of households and corporates The pre-GFC era was a period of strong growth and low inflation , which coincided with a large expansion of credit.

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Lending Analysis Policies Trends 63

BankUnderground

NOVEMBER 27, 2020

We show that ring-fencing has an important impact on banking groups’ funding structures , and find that this incentivises banks to rebalance their activities towards retail mortgage lending and away from capital markets, with important knock-on effects for competition and risk-taking across the wider banking system.

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PYMNTS

MARCH 3, 2020

The company’s CEO, David Vélez, started the bank in 2013, having previously worked at Sequoia Capital as a partner in charge of the company’s investments in Latin America. . It’s offering a credit card without a yearly fee to help simplify the lending process and differentiate itself from the typical Mexican bureaucratic experience. .

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Cards America Lending Digital Banking 130

Jeff For Banks

MAY 20, 2017

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. They need a marketing person to title their reports.

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Lending Regulation Community Community Bank 60

Abrigo

OCTOBER 2, 2014

Following the recent financial crisis, the Basel Committee of Banking Supervision (BCBS) set out to “strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector.” The three pillars include maintaining minimum capital requirements, a supervisory review process and market discipline.

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Abrigo

MAY 5, 2022

Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Sometimes 20 minutes, sometimes 50 minutes, this podcast digs into such topics as creating branch experiences that go hand-in-hand with digital ones, identifying risk, and consumer lending.

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PYMNTS

JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership.

Lending 103

Lending United States America Industry 103

Bank Innovation

FEBRUARY 28, 2018

With seven million active monthly users in December 2017, according to its fourth quarter earnings yesterday, the company’s Square Cash app—launched in 2013—is more popular than one might have thought; In any case, Square has not previously released usage numbers for the mobile.Read More.

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Bitcoin Capital Lending Online 259

PYMNTS

MARCH 31, 2020

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

Houston 141

Houston Lending New York Examples 141

PYMNTS

SEPTEMBER 9, 2019

Goldman Sachs Group is giving a $100 million loan to Konfio, marking the first time the lender’s structured finance, investment and lending business has provided a credit facility to a Latin American FinTech. I lived through the subprime crisis,” said Arana, who worked at Deutsche Bank AG in New York from 2006 to 2013. “In

New York 123

New York Lending Conference America 123

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Rowe Price, Temasek Holdings, and Primavera Capital Group, among others. Mortgage Lending.

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PYMNTS

SEPTEMBER 21, 2018

The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations. It has fallen from the number-two spot in the industry, which it held between 2010 and 2013. The bank’s current Asia-Pacific President Matthew Koder is slated to replace Meissner, according to reports.

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America Samsung Mobile Lending 135

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

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Fintech Financial Technology Technology Operations 170

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.

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Lending Study Marketing Capital 68

South State Correspondent

APRIL 10, 2023

In secondary and tertiary markets, it is only smaller financial institutions lending. The writing was on the wall in late 2007; however, many community banks continued to lend at a rapid pace through 2008, not knowing they were headed full steam into a recession. This lack of liquidity in the market now shows in CRE loan pricing.

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PYMNTS

APRIL 18, 2018

according to OnDeck Capital Chief Executive Noah Breslow. These numbers are from KPMG in 2013, and in 2016 that had grown to $220 million.”. Following the event, Breslow told reporters that Australia has a “more concentrated banking system, which means there are fewer small business lending choices on the market.

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Fintech US Lending Industry 108

CB Insights

AUGUST 1, 2017

This teardown features annotations & commentary by four Social Capital partners. Thanks to the Social Capital team for updating/confirming their portfolio data on the CB Insights Editor. Social Capital is a VC fund with a focus on healthcare and education. CB Insights Note. Investment syndicates. BEST OF DISRUPTION REPORT.

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Capital Software Google Company 34

Independent Banker

OCTOBER 31, 2021

October 2013. December 2013. The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. When they do adopt, it will require a bigger reserve and immediately deplete regulatory capital on day one. April 2011. December 2011. February 2016.

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Community Bank Community Software New York City 91

South State Correspondent

AUGUST 16, 2023

We are seeing the lowest origination totals since 2013. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. Some of this is due to margin pressures.

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Trends Cards Capital Data 195