CB Insights

MAY 15, 2019

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

Innovation 78

Innovation blockchain Technology Groups 78

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

MARCH 5, 2019

Other existing investors participating in the fundraising round include Menlo Ventures, Forerunner Ventures and Cathay Innovation. Chime said proceeds from the funding will go toward growing the business and launching additional lending and credit products.

Capital 116

Capital San Francisco FDIC Leadership 116

William Mills

DECEMBER 12, 2017

Now in its 23 rd year, the conference featured more than 20 technology providers and rallied together innovators from across the globe to discuss how financial institutions can better engage with business customers… and the timing couldn’t be better. Think Quicken Loans® on steroids but for small business lending.

Conference 40

Conference Innovation Lending Customer Experience 40

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Marketplace Lending.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

JUNE 17, 2016

A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest. The really interesting, though less juicy, story is what got Lending Club into trouble.

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. Tech firms lead the way. ”

Innovation 40

Innovation Payments Lending Financial Technology 40

PYMNTS

OCTOBER 8, 2019

When Affirm launched in February 2013, the point-of-sale (POS) financing marketplace in the U.S. In the last 12 months alone Square , Mastercard , PayPal and Chase have all rolled out POS installment lending products or enhancements as the market continues to pick up popularity among consumers, particularly younger ones.

Lending 159

Lending Cards Apple Google 159

Bank Innovation

JUNE 29, 2016

Square Cash was launched by Square in 2013 for P2P payments. Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. The service is available in the U.S., and for both personal or Read More.

Payments 186

Payments Marketing Cards Innovation 186

Independent Banker

FEBRUARY 28, 2023

Derek Williams and fellow Georgia community bankers at the 2013 ICBA Washington Policy Summit, now the Capital Summit. where he stayed for 15 years, from 1998 to 2013. We lost 90-plus banks to failure in between 2008 and 2013. He achieved it at 34 years old at First Peoples Bank in Pine Mountain, Ga.,

Community 172

Community Community Bank Georgia San Antonio 172

FICO

JULY 15, 2022

in 1989, it meant lenders of all sizes could leverage the technology of scoring and open up credit to consumers that they might not have lent to in the past. The lending and financial services industry can provide that social good, as long as it's done in a way that is both responsible and fair. The importance of integrity.

Analytics 52

Analytics Data Lending Innovation 52

Celent Banking

NOVEMBER 30, 2015

In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. Banks will need to adapt to new behavioral patterns and trends in technology. Look for the report series Innovation Quarterly: The Latest in Fintech Innovation to kick off in Q4 2015.

Fintech 100

Fintech Report Innovation Trends 100

CB Insights

MAY 8, 2018

See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. Industry policy organizations (like Coin Center) have been quick to offer educational resources around blockchain technology to legislators and regulators. THE FUTURE OF BLOCKCHAIN TECH. We’ve got patents in the space.

blockchain 75

blockchain Trends Technology cryptocurrency 75

CFPB Monitor

AUGUST 8, 2019

The results showed that Upstart’s model using alternative data and machine learning approved 27% more applications than a traditional lending model and yielded 16% lower average APRs. The CFPB, in its July 2019 fair lending report, discussed supervisory reviews of alternative credit scoring models.

Data 60

Data Lending Compliance Policies 60

PYMNTS

NOVEMBER 16, 2017

Mary’s has since occupied the same site, constructing a new building in 1970 and replacing that structure with its current headquarters in 2013. According to Senus, the CU emphasized a “conservative approach” in its lending decisions to emerge successfully from the difficult economic environment. “We PYMNTS recently spoke with St.

Millennials 101

Millennials US New Hampshire Resources 101

NCR

MARCH 23, 2017

Regional entrepreneurship platform Wamda and Jordan-based payments firm Payfort teamed up to produce the 2017 State of Fintech report, which predicted a boom in fintech innovation in this part of the world over the next three years. Up to 250 new businesses could be launched by 2020.

Fintech 45

Fintech Regional Innovation Lending 45

CB Insights

MARCH 13, 2019

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). IDx Technologies. The Innovation Scout.

United States 78

United States Rhode Island Massachusetts Connecticut 78

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. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Fintech Labs Insights

SEPTEMBER 21, 2020

Innovate Finance broadcast the finals of its Pitch360 competition over Zoom in July. Customers: Shell, KLM, United Nations, Toyota, SITA, Lloyds Register and a range of technology startups. Founded: 2013. Digital Assets. Finalists: Lacero ( pitch ), SupraFin ( pitch ), Wirex (see pitch below). HQ: London. Founded: 2016.

Innovation 15

Innovation Fintech blockchain Capital 15

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The KSB Lends a Hand program took anniversary funds totaling $20,000 and distributed them to more than 100 local organizations. “We

Community Bank 196

Community Bank Community National Fresno 196

CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. The online insurtech company was launched in 2013 in a joint effort by China-based tech giants Alibaba, Tencent, and Ping An. Jianpu Technology. Patent Analytics to see where innovation is happening next. LexinFintech Holdings.

Fintech 51

Fintech Regional Analytics Groups 51

Gonzobanker

NOVEMBER 9, 2015

Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies. Lots of talk about innovation and customer experience.

blockchain 60

blockchain Bitcoin Lending Innovation 60

Fintech Labs Insights

MAY 12, 2015

Our next presenting company is Top Image Systems , demonstrating its innovation in loan origination technology. Our next presenting company is Top Image Systems , demonstrating its innovation in loan origination technology. This post is part of our live coverage of FinovateSpring 2015. HQ: Tel Aviv, Israel.

System 12

System Lending Compliance Innovation 12

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

Fintech Labs Insights

APRIL 27, 2016

Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards , five went to Finovate/FinDEVr alums. “This award is recognition of the strength of our idea for peer-to-peer lending and the growth we have seen since then as the idea has moved mainstream,” Giles Andrews said.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

CB Insights

OCTOBER 5, 2017

Of these, the United States has taken the largest share of the world’s most valuable private companies, with 127 US-based startups reaching unicorn status since 2013. Since 2013, the share of new unicorns born each year in the United States has consistently dropped, from 75% of all unicorn births in 2013 to less than half (49%) by 2015.

US 59

US United States Capital Company 59

PYMNTS

SEPTEMBER 18, 2017

That year, two grocery store owners opened a small business to help merchants trade financial information that would make it easier for all of them to access that information and make lending decisions. The credit score itself, the FICO score, was an innovation brought to market in 1989 by the Fair Isaac Corporation.

Report 202

Report Regulation Data Retail 202

PYMNTS

SEPTEMBER 5, 2016

Shakespeare wrote that “the readiness is all,” and this applies to the state of omnichannel, where retailers have been bringing — albeit slowly in some cases, in terms of adoption — technology that enables brick-and-mortar locations to become more flexible digital store fronts. The summer doldrums?

Payments 100

Payments Apple Retail Online 100

CB Insights

SEPTEMBER 19, 2017

We also charted the share of unicorns that have been added to the club each year since 2013 by location (US vs. non-US). In 2013, over 70% of companies that achieved unicorn status were US-based. Rounding out the top 3 are electronics company Xiaomi ($46B) and online lending platform Lu.com ($18.5B). DJI Innovations.

US 78

US Company Capital Groups 78

CB Insights

SEPTEMBER 10, 2019

This openness to banking alternatives presents opportunities for fintech startups looking to innovate in financial services from the outside. As of 2013, 70% of millennials believed that the way that people purchase things would be totally different in 5 years, and 33% believed that one day they won’t need a bank at all.

Millennials 77

Millennials Mobile Lending Cards 77

CB Insights

FEBRUARY 13, 2020

As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. ‘PayFac’ technology simplifies underwriting and onboarding. Business lending and corporate cards. A decade of online payments innovation.

Online 98

Online Company Retail Payments 98

CFPB Monitor

MARCH 10, 2017

Based on its previous biennial reviews, the CFPB issued its first and second reports to Congress in, respectively, October 2013 and December 2015. Innovation. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. On April 13, 2017, from 12 p.m.

Cards 68

Cards Comparison Trends Marketing 68

Fintech Labs Insights

FEBRUARY 23, 2017

According to CB Insights , since 2012 the real estate technology sector has closed 817 deals worth $6.4 On top of all of this, regulations are slated to loosen under the Trump administration, and changing in regulation brings opportunities for innovation. They do not lend or service the loan. eyeOpen ( FEU 2013 demo ).

Fintech 28

Fintech Lending Regulation Millennials 28

CB Insights

FEBRUARY 1, 2019

Two that are already seeing lots of activity are payments and lending. Meanwhile, alternative lending is also seeing strong growth, with P2P fintech platforms distributing $1.4B Indonesia’s insurance industry has yet to see the same level of competition or startup investment as payments or lending. in 2013 to 15.8%

Policies 61

Policies Lending Operations Examples 61

PYMNTS

APRIL 17, 2017

In the case of Square — the payments innovator that launched hundreds of mPOS imitators — the small problem was $2,000 worth of handblown glass that artisan Jim McKelvey couldn’t close the deal and sell. Launched in 2014 as the firm’s lending arm, Square Capital has extended over $1 billion in working capital to over 100,000 small merchants.

Apple 110

Apple Capital Cards Payments 110

Fintech Labs Insights

APRIL 8, 2021

1 back on the list after previoulsy falling below $1B (Lending Club). _. Ant Technology. Plaid Technologies. The total value is now $1.62 trillion, down $30B from last month. Unicorn count: Beginning (Mar 1) = 140. + 16 born this month (see below). + Total (Mar 31) = 157. Total valuation = $1.62 77 BillTrust : $2.3B Value Date.

United States 15

United States Fintech US Lending 15

Let's Talk Payments

MAY 31, 2016

In 2013 and 2014, I wrote some of the very early pieces on how APIs are being used to. I am back to writing about one of my favorite topics—APIs.

Fintech 40

Fintech System US Data 40