PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

Lending 100

Lending San Francisco Comparison Maine 100

PYMNTS

MARCH 14, 2018

challenger bank Tandem has acquired Pariti, a money management app that has collected 95,000 users. banking market. Founded in 2014 by Ford, London-based Pariti is a mobile app that has access to your existing bank accounts. In addition, Pariti also has integrations with lending FinTechs Zopa and Lendable.

Management 100

Management Lending Fintech Data 100

PYMNTS

JANUARY 6, 2017

-based startup company that operates an online lending platform, has received an investment of £40 million from British Business Bank, the state-owned bank, but the money comes with strings. According to a report , Funding Circle has to use the funds to lend to small businesses.

Lending 100

Lending Report Operations Online 100

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending.

Lending 100

Lending Regulation Big Data Risk Management 100

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.” He was far from alone.

Lending 100

Lending Capital Compliance Operations 100

PYMNTS

NOVEMBER 23, 2017

On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. Or to put it another way, with valuations stretched across bourses and asset classes outside China, wouldn’t it follow that there would be a rush into this new open market?

Marketing 128

Marketing Lending Security Regulation 128

PYMNTS

JANUARY 15, 2021

Ant, spun off from Alibaba in 2014, was set to list on the Shanghai and Hong Kong stock exchanges in November until regulators stepped in and suddenly pulled the plug. . Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

Regulation 158

Regulation Groups Operations Lending 158

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 99

Marketing Policies Study Tools 99

PYMNTS

APRIL 25, 2018

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. We tightly managed costs even as we continue to invest to grow and to drive our digital transformation. By The Numbers .

Capital 100

Capital Lending Cards Taxes 100

PYMNTS

NOVEMBER 12, 2020

In 2014, then-CFO John Shrewsberry told investors at a conference that the bank was looking to add to its private-label credit card business. Bloomberg said the bank had been gauging interest in its $607 billion asset manager unit and $10 billion student loan portfolio. percent in 2019 and its share of borrowings at 3.63

Cards 285

Cards Conference Groups Report 285

PYMNTS

SEPTEMBER 12, 2016

Alternative lending has been popular among venture capitalists, but France may not come to mind when one considers the top alt-fin markets of the world. The French alternative lending startup announced a $2.8 million investment round secured from NewAlpha Asset Management, reports said on Friday (Sept. million) raised.

Lending 100

Lending Analysis Capital National 100

CFPB Monitor

MAY 3, 2016

The CFPB has issued a report covering its fair lending activities during 2015. The report states that in 2015, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $108 million in remediation. Much of the information contained in the report was the subject of previous blog posts.

Lending 60

Lending Report Compliance Meeting 60

PYMNTS

NOVEMBER 5, 2018

It marked the third time that Ant had a quarterly loss since its unit’s result was disclosed by Alibaba in the early part of 2014. The WSJ quoted Alibaba, saying it “stepped up its investment to acquire more users and capture growth opportunities of the offline payment market,” which hurt results. It posted 9.18

Taxes 134

Taxes Lending Operations Marketing 134

Jeff For Banks

DECEMBER 18, 2014

through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 14 locations. It also has a national platform of specialized finance units in homeowners'' associations, public finance, resort finance, and warehouse lending. Well done! #3. BNCCORP, Inc.

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

PYMNTS

APRIL 2, 2018

The bank offers corporate banking, retail banking, treasury management, capital markets, credit cards and wealth management services in a range of consumer and corporate offerings. In February, alternative lending company TruFin, based in the U.K., In February, alternative lending company TruFin, based in the U.K.,

US 112

US Capital Regional Analysis 112

FICO

NOVEMBER 22, 2018

Many lenders in markets outside the US use FICO® Scores to assess the risk of consumers applying for loan, but don’t continue to monitor those consumers’ risk using the FICO Score. In this post, I will share analysis that shows why using account management scores is equally important. The FICO Score in Russia.

Management 45

Management Analysis Strategy Trends 45

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.

Data 135

Data Lending Capital Regulation 135

PYMNTS

APRIL 21, 2016

The alternative finance industry boomed post-2008 financial crisis as banks retreated from small business lending. Marketplace lenders emerged to fill the gap, and analysts began to ponder a paradigm shift: Could alternative lending threaten traditional financial institutions’ place in the world? Alt-Lenders On The Defense.

Lending 100

Lending Industry Regulation Groups 100

PYMNTS

NOVEMBER 17, 2019

The new group will provide a full suite of lending and banking products for growing technology companies at every development stage, including asset-based solutions, recurring revenue-based revolving lines of credit, treasury management, foreign exchange and more. “We Roberts has nearly 20 years of banking experience.

Groups 116

Groups Innovation Capital Leadership 116

Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

Innovation 284

Innovation Company social media Operations 284

PYMNTS

APRIL 4, 2016

We examine the findings from several market reports on small business access to capital, lending, growth and employment. The expense management company says that employees that fudge the numbers on their expense reports to get reimbursed are hitting their employers hard. That’s up from 57 percent in 2013.

Survey 100

Survey Lending Analysis Management 100

PYMNTS

JUNE 28, 2016

Scott and the management team have demonstrated they can lead LendingClub through this turbulent time,” Hans Morris, who was named the company’s chairman, said in the statement. Lending Club is set to hold an annual shareholders meeting Tuesday (July 5th) after postponing the event three weeks ago.

Lending 101

Lending Maine Meeting Management 101

PYMNTS

MAY 4, 2016

The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door. Prosper also spent $40 million to acquire medical loan provider American Healthcare Lending LLC and personal finance startup Billguard Inc.

San Francisco 100

San Francisco Phoenix Utah Lending 100

CB Insights

SEPTEMBER 1, 2020

They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores , CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies. across 22 rounds since 2014. Asset Management. AvidXchange.

Fintech 101

Fintech Company Lending Capital 101

PYMNTS

SEPTEMBER 30, 2019

The decision to not list shares amid a game of “how low can they go” ­— rapidly reduced valuations highlighted a desperate bid to find out where Wall Street would finally lend its support ­— may signal that the age of high-flying unicorns is over. Dig a little deeper, though, and not all platforms are created equal.

Management 156

Management Atlanta Chicago Technology 156

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Additionally, LendingClub’s stock has lost 88 percent of its value since its 2014 IPO.

Fintech 183

Fintech blockchain Lending Digital Banking 183

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 deal was established in the lead-up to Alibaba’s 2014 IPO. Reasons To Invest. It posted 9.18 billion yuan ($1.4

Capital 101

Capital Security Lending National 101

Abrigo

AUGUST 28, 2022

Develop better ag lending workflows before demand picks up. A better ag lending process makes applying smoother for borrowers and can allow efficient ag loan growth without adding a lot of staff. Takeaway 1 Now is the time to plant the seeds for harvesting growth in the ag loan portfolio by creating a better ag lending process.

Lending 195

Lending Analysis System Data 195

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” The Response.

Lending 135

Lending Fraud Management San Francisco 135

Celent Banking

NOVEMBER 17, 2015

In the US, small business customers get bounced around like Goldilocks—they are too small to be of interest to commercial relationship managers and too complex to be easily understood by retail branch staff. Online small business lending by direct credit providers has especially taken off. of all firms.

Report 100

Report FDIC Lending Fintech 100

PYMNTS

JANUARY 2, 2019

The increase in consumer debt comes at a time when the levels of mortgage debt are close to where they were right before the last turndown in the housing market. The paper noted that the increase in borrowing on the part of consumers is being driven by lenders willing to lend more as the memories of the financial crisis fade away.

Cards 131

Cards Lending Report Data 131

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

JANUARY 25, 2017

billion recorded in 2014. Will 2016 once again present an explosion in alt-lending transaction value? The past year has seen significant changes in regulatory policy, as well as several market and firm-specific events relevant to the online alternative finance industry,” he said in a statement.

America 100

America Lending Regulation Regional 100

PYMNTS

SEPTEMBER 28, 2016

Investors have cooled off to alternative lending in the U.S. Just look at the near-immediate struggle faced by Lending Club and OnDeck after their IPOs in 2014, or more recently, the knock-on effect Lending Club’s less-than-noble lending practices have had on investor confidence in other marketplace lenders.

Lending 100

Lending Regulation Capital Industry 100

CFPB Monitor

MARCH 13, 2015

In its Winter 2015 Supervisory Highlights , which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt collection, consumer reporting, overdraft practices, mortgage origination, and fair lending. Fair lending.

Report 60

Report Lending Compliance Regulation 60

PYMNTS

SEPTEMBER 5, 2016

Reports said these commercial cards are key for small businesses that need to manage cash flow, with banks pulling back from this segment. Australia isn’t the only market where commercial card interchange fee caps could become an issue. would impact the market.

Regulation 100

Regulation Cards Report Lending 100

Independent Banker

FEBRUARY 24, 2016

A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Risk-management practices “that cause concern,” the regulators wrote, include “a greater number of underwriting policy exceptions and insufficient monitoring of market conditions.”.

Community Bank 70

Community Bank Lending Community Regulation 70