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

CFPB Monitor

NOVEMBER 19, 2018

Thirteen Republican Senators have sent a letter to FDIC Chairman Jelena McWilliams urging the FDIC to take action to ensure that lawful businesses are no longer at risk of adverse financial consequences as a result of “Operation Choke Point, and its associated culture and Choke Point-like regulatory actions.”.

FDIC 68

FDIC Operations Policies Regulation 68

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. Others are operating in a less constrained way.”.

Cards 285

Cards Conference Groups Report 285

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

Jeff For Banks

DECEMBER 18, 2014

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. It supports the claim by highlighting its efficiency ratio is in the top 2% of UBPR peers, and its operating expenses as a percent of average assets are in the top 12% of peer banks. Congratulations to them.

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

PYMNTS

SEPTEMBER 16, 2019

Mukul Sachan, the co-founder and chief operating officer (COO) of India-based alternative small business lender Lendingkart, is stepping down from the post. 13) that Sachan confirmed plans to leave the company he helped found, and will go on to focus on investment management. YourStory reports said Friday (Sept.

US 148

US Operations Management Report 148

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. Ant operates Alipay, the digital payment service in a battle with Tencent ‘s WeChat Pay for dominance in China. Alibaba blamed the loss on increased investments to capture growth. It posted 9.18

Taxes 134

Taxes Lending Operations Marketing 134

PYMNTS

JUNE 12, 2018

For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. In its starkest definition, the efficiency ratio is operating expenses divided by revenues. A lower ratio means the bank is operating with better cost control. percent through 2014.

Operations 122

Operations America Conference Course 122

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. The Hong Kong sale is being managed by Citigroup, China International Capital Corp.,

Security 134

Security Groups Payments Regulation 134

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. Vintage also owns rent-to-own operation Buddy’s Home Furnishings.

Lending 103

Lending United States America Industry 103

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. billion in 2017, though operating losses widened during that time. In February, alternative lending company TruFin, based in the U.K.,

US 112

US Capital Regional Analysis 112

PYMNTS

FEBRUARY 15, 2019

American Banker reports that as several banks shift operations away from the United Kingdom and establish a greater presence on the continent, there will be more focus on risks tied to those banks, and greater attention paid to assets and liabilities.

Capital 108

Capital America Course Operations 108

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. The company has attracted 20,000 investors, according to Forbes.

Management 156

Management Atlanta Chicago Technology 156

Abrigo

FEBRUARY 2, 2015

Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015. More than three-quarters of the bankers surveyed offered that anywhere between five and 20 percent of their total operating costs are driven by regulations. That number is up about four percent from 2013.

Community Bank 150

Community Bank Community Regulation Survey 150

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

SEPTEMBER 26, 2018

Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. The ASIC slammed the banks’ processes as “unacceptable.” Those breaches resulted in $361.9

Regulation 108

Regulation National Compliance System 108

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. “We

Groups 116

Groups Innovation Capital Leadership 116

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

JUNE 24, 2016

India led the competition with the most funding rounds, as investors supported the nation’s efforts to develop the digitization and sophistication of more traditional business operations: eProcurement, eInvoicing, logistics and supply chain management. Alt-Lending. Supply Chain Management. But the U.S. Capitalflow.

National 100

National Trends Lending Capital 100

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? His remarks reflect the fact that success of the alternative lending space cannot be measured solely by transaction volume and value. The debate continues to rage over the future of alternative lending.

America 100

America Lending Regulation Regional 100

Abrigo

NOVEMBER 2, 2016

Banks operating in oil and gas intensive areas of the U.S. Analysts examined banks with at least 25 percent of deposits held in oil- and gas-dependent counties in order to investigate the impact of direct lending to local oil and gas firms and indirect lending to companies servicing the sector.

Comparison 150

Comparison Regional Study Risk Management 150

Jeff For Banks

DECEMBER 10, 2023

The bank was founded in 1907 and has operated continuously since 1908 with branches in Durham, Raleigh, Charlotte, Greensboro, and Winston-Salem. They were under an FDIC consent order from 2014 through 2020 relating to their BSA and OFAC compliance and their relationship with third parties seeking access to the banking system.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

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

PYMNTS

NOVEMBER 23, 2017

The end result is that companies outside China will be able to, eventually, control Chinese securities and asset management firms, insurance companies (through joint venture majority stakes) and banks. Now, total exposure to China, through lending, stands at $1.89 trillion at 2014’s end.

Marketing 128

Marketing Lending Security Regulation 128

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Celent Banking

MARCH 6, 2015

The figures below outline the decline of banks in the US, going from 11,462 at the end of 1992 to 5,809 in 2014. prepaid services, P2P lending, etc.). Online banking platforms are often basic, many have no mobile apps, and business platforms like treasury management are severely outdated. Even labor saving technology (e.g.

Conference 100

Conference Retail Community Austin 100

PYMNTS

MARCH 1, 2016

Overall, 2015 venture capital investment levels dipped compared to 2014, though only slightly compared to the fraction of investment seen just three and four years ago. The alternative lending platform focuses on student lending, but some of the top U.S. It amounted to about $12.5 Global Breakdown. reigned supreme.

Fintech 100

Fintech Lending Capital Innovation 100

PYMNTS

MARCH 7, 2018

LendingPoint Merchant Solutions combines LoanHero’s merchant onboarding, program management and reporting technology with LendingPoint’s credit underwriting, risk management and customer service expertise. Since its founding in 2014, LendingPoint has issued nearly $500 million in consumer loans to more than 70,000 borrowers.

Retail 100

Retail San Diego Georgia Risk Management 100

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. alternative lending sector signals a massive increase in demand among SMEs , according to Amicus Finance. billion worth of the industry in 2014.

Fraud 100

Fraud Cards Lending Analysis 100

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Since 2014, Seacoast has been on a buying spree acquiring 14 banks. There’s nothing more Gonzo than a CEO who simply bleeds the soul of front-line relationship managers, and Brager could write a bestselling book on this topic.

Community 216

Community Fintech Industry Innovation 216

Bankelele

OCTOBER 21, 2015

The total SME lending portfolio in December 2013 was estimated at Kshs. According to Treasury, the scheme was discontinued because “the intention was not for the Government to lend, but to create an incentive for banks to engage with SMEs”. Potential 20 Million Credit Reports: As of 31 December 2014, a total of 5.2

Lending 28

Lending Capital Analysis Mobile 28

CFPB Monitor

MAY 6, 2015

The CFPB along with five other federal agencies have issued a final rule that establishes minimum state registration and substantive requirements for appraisal management companies (AMCs), as required by Section 1473 of the Dodd-Frank Act. As of November 2014, 38 states have passed an AMC licensing and registration law. Andreano, Jr.

Company 60

Company Management National Exercises 60

PYMNTS

FEBRUARY 13, 2019

That’s especially true for digital lenders like Insikt , better known by its brand name Lendify , which has been operating and introducing itself to the world under one of those two names for the last four years. Emerging From Invisibility. In its new life as Aura, that will not change, in some sense.

How To 144

How To Lending Branding Tools 144

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. What is unique is, after reviewing the management team and board, there are people of Korean, Malaysian, Indian, and Chinese descent in leadership positions.

Capital 78

Capital Texas Metro North Carolina 78

Independent Banker

MAY 24, 2016

Direct payments made to farmers disappeared with the 2014 farm bill. This leaves federal crop insurance support as a key risk-management tool. It’s a crucial risk-management tool” for 1.7 million farms and the community banks that lend to them each growing season, Scanlan points out. Rural housing loans.

Community Bank 70

Community Bank Kansas City Community Iowa 70

BankUnderground

FEBRUARY 5, 2021

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) ). Consider the case of a negative global liquidity shock to a representative EM with a managed capital account.

Marketing 98

Marketing Policies Study Tools 98