Remove 2013 Remove Fintech Remove Lending Remove Online
article thumbnail

GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

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.

Lending 150
article thumbnail

BIS Sees Boons, Risks As FinTech Credit Gains Traction

PYMNTS

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. Broken down a bit, business lending was most prevalent in countries such as Singapore, the Netherlands and Japan.

Fintech 172
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

India SME Lender Capital Float Tops Up Funding

PYMNTS

Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. The company assists small and medium-sized enterprises (SMEs) with growth through lending. It aids small manufacturers, business-to-business (B2B) service providers and online retailers. However, FinTech upstarts registered 125 deals last year with $2.6

Capital 230
article thumbnail

Alibaba Invests in Mobile Lending Startup WeLab

Bank Innovation

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.

Mobile 150
article thumbnail

Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

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

Fintech 170
article thumbnail

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

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. Note: These are the rankings from 10 years ago.

article thumbnail

Banks Are Finally Going After Fintech Startups

CB Insights

But overall, Goldman’s recent fintech M&A binge appears to be an industry outlier, not the norm. Since 2013, 80% of the top 50 banks by total assets operating in the US have not acquired a fintech startup. Fintech: 2017 Year-in-Review & 2018 Trends. Fintech: 2017 Year-in-Review & 2018 Trends.

Fintech 68