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

MARCH 29, 2016

Post-financial crisis, amid economic recovery, financial institutions across the EU have been calling for a cut in capital charges if they are to ramp up their lending, especially to SMEs. The latest figures show levels of bank lending to large corporates has recovered back to pre-crisis levels. Apparently, it hasn’t.

Lending 100

Lending Capital Report Regulation 100

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp.

Regulation 349

Regulation National System Industry 349

CFPB Monitor

NOVEMBER 9, 2018

The CFPB and Federal Housing Finance Agency (FHFA) have released the first public use file containing data from the National Survey of Mortgage Originations. The NSMO is a component of the National Mortgage Database (NMDB®) program, which we reported on previously.

Survey 60

Survey National Data Lending 60

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.

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

CFPB Monitor

JULY 23, 2021

The DoD, in consultation with the Treasury Department, was required to provide the report by the National Defense Authorization Act for Fiscal Year 2021. This represents an even more dramatic shift since 2014, when just six percent of active duty servicemembers reported taking out such loans.

Report 78

Report Lending Cards National 78

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 Last year, analysts found the EU’s alternative lending market to have doubled its valuation compared to 2014 levels.

Lending 100

Lending Analysis Capital National 100

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.

Fintech 474

Fintech Trends South Dakota Apple 474

Abrigo

JULY 9, 2015

The report, based on data through the end of 2014, discusses risks facing national banks and federal savings associations, and focuses on issues that pose threats to the safety and soundness of those OCC-regulated institutions. For example, net income declined 4 percent year over year. percent versus a 3.5

Maine 150

Maine Policies Survey Lending 150

PYMNTS

SEPTEMBER 26, 2018

Regulators probed the banks’ breaches of law in a review scrutinizing operations between 2014 and 2017, according to reports. The regulators’ probe included review of 12 banks, including Commonwealth Bank , Westpac, Australia and New Zealand Banking Group, and National Australia Bank. Those breaches resulted in $361.9

Regulation 108

Regulation National Compliance System 108

PYMNTS

MARCH 14, 2016

billion, as measured across payment companies, Internet insurers and peer-to-peer players, and the most recent tally grew by 60 percent over 2014, Reuters reported. billion people in the nation have no bank account, with only 252 million people having Internet access. The global investment activity in the space stood at $19.1

Fintech 100

Fintech Regional National Mobile 100

PYMNTS

JANUARY 16, 2018

alternative lender Sorodo says small businesses (SMBs) in the nation remain unaware of the option to access a merchant cash advance, and that’s something the company plans to address this year, according to a press release the company issued Monday (Jan. The results are presented directly to the applicant.”.

Lending 100

Lending Community Regional National 100

Abrigo

JUNE 22, 2015

On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). Small business lending at credit unions has continued to increase over the last several years. billion in 2014 from only $13.4

Lending 150

Lending Regulation Policies Meeting 150

Abrigo

JANUARY 22, 2015

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

DECEMBER 5, 2016

This marks the first time in history a peer-to-peer lending facilitator in Europe has listed Russian loans. Low interest rates have been the norm in the global lending market for the past few years. Kazanins said that the 2014 sanctions against Russia for annexing Crimea were a big opportunity for Twino.

Georgia 100

Georgia Lending System Operations 100

PYMNTS

JANUARY 12, 2020

They want insurance, lending, investment opportunities and multiple products,” said Narayanan, epiFi CEO. India started building a national digital financial infrastructure when the number of Indians with bank accounts reached 53 percent in 2014, up from 35 percent in 2000. billion citizens outside the financial system. .

Google 101

Google Capital Millennials Digital Banking 101

PYMNTS

JULY 15, 2019

Analysts note that today, the percentage of professionals working in the agricultural sector remains so low that including them in national jobs calculations would not have a statistically relevant effect on overall analysis. “As Between December 2015 and March 2019, banks pulled back their farm lending by $3.9

FDIC 142

FDIC Analysis Lending Data 142

PYMNTS

JULY 19, 2017

Alternative lending has shifted from a competitor of traditional FIs to a collaborator, often lending a digital hand to banks in need of upgrading their systems to provide faster, more agile financing to SMEs. s Big Four banks, with alt lending firms and P2P lenders acting as key vessels for BBB funding. businesses.”.

Lending 138

Lending Capital Report Customer Experience 138

PYMNTS

SEPTEMBER 19, 2016

New reports from software firm 1E in its Software Usage and Waste Report 2016 also uncovered high instances of software waste among businesses in other nations, with global enterprise waste currently at 38 percent. have also surpassed lending levels seen pre-recession. 2 nations are ahead of the U.K. Germany, Italy and France.

Software 100

Software Lending National Capital 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. Roberts has nearly 20 years of banking experience.

Groups 116

Groups Innovation Capital Leadership 116

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

MARCH 17, 2015

percent achieved that threshold in the fourth quarter of 2014 – they aren’t just competing with large, national banks; their community bank counterparts also account for much of their competition. Relationship-based lending can benefit both parties of the transaction. As more banks turn profitable – 90.3

How To 150

How To Community Bank Community FDIC 150

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

PYMNTS

DECEMBER 5, 2019

As the decade neared the halfway mark in 2014 that figure had improved to about 53 percent. billion into lending startups. Of that nearly $1 billion ($909 million) went to India-based lending startups making it the third largest market for investor dollars in this segment behind China and the U.S. That mostly remains to be seen.

Lending 131

Lending Fintech Regulation Report 131

CB Insights

DECEMBER 12, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. Since 2014, 12 fintech companies have exited via an IPO or M&A deal valued at $1B or more. Our analysis considers first exits since 2014 only. in late 2014. in late 2014. Lending Club. Data is as of 12/10/2019.

Fintech 41

Fintech US Lending Analytics 41

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

Fintech Labs Insights

APRIL 12, 2024

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

Innovation 15

Innovation Fintech Online Mobile 15

American Banker

MAY 31, 2016

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …

Connecticut 28

Connecticut Digital Banking Community Bank Lending 28

American Banker

MAY 31, 2016

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …

Connecticut 28

Connecticut Digital Banking Community Bank Lending 28

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. World First found a 75 percent increase in the volatility of the pound should the nation leave the European Union. billion worth of the industry in 2014.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

JUNE 14, 2018

. “Many groups that were granted licenses in the first application round in Massachusetts in 2014 are still not open today, largely due to the inability to find the $4 million to $6 million minimum needed for a large-scale, vertically integrated cannabis operation,” the publication wrote.

Massachusetts 108

Massachusetts Industry Resources Operations 108

PYMNTS

NOVEMBER 6, 2019

The firm went public in 2014 and had just managed its first quarter of profitability in early 2016 when scandal rocked the business and it found itself without its found CEO, facing a lot of investor doubt and being investigated by the DoJ. We are very, very clear that we are planning a national bank charter.

San Francisco 100

San Francisco Utah Trends Cards 100

PYMNTS

JULY 25, 2018

financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to Banco CTT, the bank run by Portugal’s privatized national postal service. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. Cabot Square Capital, a U.K.

Capital 108

Capital FDIC Resources National 108

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. Subprime borrowers now account for roughly 20 percent of the $1.2

Millennials 103

Millennials Lending Capital Cards 103

PYMNTS

APRIL 10, 2018

In general, we think there is more room for harm to happen with small companies than good,” reflected National Small Business Association (NSBA) president and CEO Todd McCracken to the news outlet in response to President Donald Trump’s hike on aluminum and steel tariff increases.

Risk Management 123

Risk Management Analysis Survey Report 123

CFPB Monitor

JANUARY 14, 2016

In its July 2014 report on the use of remittance histories in credit scores, the CFPB noted that use of remittance histories could have a disproportionately negative impact on certain racial or national origin groups and thereby implicate fair lending concerns.

Big Data 60

Big Data Data Utah Meeting 60

PYMNTS

AUGUST 13, 2019

That median amount was $200 in 2004 and $1,000 in 2014. The trouble, of course, is that median household income is not rising nearly as fast as the loan amounts are — which is rapidly turning Cambodia into a debtor nation with growing numbers of consumers unable to pay off those debts.

Report 158

Report Study Industry Marketing 158