Bank Innovation

FEBRUARY 16, 2017

It seems like all the players in the marketplace lending space felt the cloud of uncertainty that surrounded the industry last year. The platform brings real estate to the marketplace lending space, opening up a previously inaccessible asset class to investors. Launched in November 2015, PeerStreet has been Read More.

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Lending Marketing Industry Online 279

PYMNTS

AUGUST 8, 2017

such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. Our expertise in FinTech and alternative lending at an international level will also help to reduce credit risks,” added Oleg Jelezko, managing partner at Da Vinci Capital.

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Lending Capital Fintech Marketing 105

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. When most people asked “what’s next?”

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Bank Innovation

MARCH 7, 2019

which will also serve as its entry into the country, Bank Innovation has learned. Founded in 2015, OakNorth is a digital-based SME […]. Fresh off a $400 million funding led by SoftBank, fintech lender OakNorth is close to establishing its first bank partnership in the U.S.,

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Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. ” – Tom Armstrong. Bravo OZRK!

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Community Bank Apple Community Technology 60

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. P2P lending), and new payment schemes. These initiatives are definitely innovative, but is conflating the ideas of saving and driving commerce shaping the conversation around a fundamentally misaligned approach?

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PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. reigned supreme.

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PYMNTS

JUNE 28, 2016

As more loans that expected went bad in the fall of 2015, investor/loan buyers started backing away – making it harder to attract desirable borrowers, making it harder to attract investor/lenders. Marketplace lending, in short, did not need more fireworks. Many innovators have noted that is a lot easier than staying in London.

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Lending National Marketing Online 100

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Banks are certainly not playing hide and seek with P2P lending. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions.

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PYMNTS

JULY 13, 2017

It’s often declared dead, innovators of all stripes are constantly declaring war on it and it is so out of style that even technologies relating to it are considered doomed to the ranks of historical obscurity. What’s Next in Idea Bank’s Innovation Calendar. Which, in turn, he said, means bringing better access to it.

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ATM Innovation Mobile User Experience 100

PYMNTS

JULY 18, 2016

Lending Club continued to prove there is almost always more to the story, American Express announced a surprise collaboration with Airbnb and PayPal pushed harder into B2B payments. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here.

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Lending Payments Metro Cards 100

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.

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Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee.

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Lending Analytics Data United States 81

Chris Skinner

JULY 26, 2017

Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Billion in H1 2017 –with UK investment up 37% reveals Innovate Finance H1 2017 saw 787 deals globally, attracting $6.5 Global VC FinTech investment attracts $6.5 billion of investment compared with $7.0

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Fintech United States US Innovation 251

PYMNTS

MARCH 20, 2018

Alternative lending options, including debtor finance and P2P lending, offer SMEs the chance to fund growth without using property as security,” explained Scottish Pacific CEO Peter Langham in a statement. Last December, Tyro, a bank-FinTech hybrid, launched in Australia after it landed a banking license in 2015.

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Fintech Lending Survey Innovation 118

Bank Innovation

AUGUST 12, 2016

Citi Fintech launched in the fall of 2015 to build the bank of the future, but it has yet to release a product. Now Citigroup‘s innovation unit has lost its CEO. USAA announced today that Citi Fintech CEO Heather Cox was joining the bank as chief technology and digital officer, a new Read More.

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Fintech Innovation Technology social media 150

Bank Innovation

FEBRUARY 23, 2020

billion continues to fuel speculation about the future of data aggregator Yodlee, which Envestnet acquired in 2015 for $590 million. The impact of Visa’s Plaid acquisition for $5.3 At issue is whether Envestnet is exploring options for Yodlee, including a possible sale.

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Data Report Innovation Strategies Strategy 243

Independent Banker

NOVEMBER 30, 2021

La Plata County commissioner Marsha Porter-Norton champions First Southwest Bank’s innovative lending. First Southwest Bank is carving out new business models to address a need for credit and financial services through nonprofit lending programs and software that leverages its community development financial institution (CDFI) funding.

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Colorado Community Bank Community New Mexico 119

PYMNTS

DECEMBER 23, 2019

Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs. This collaboration will help close the innovation gap between CUs and FinTech firms, according to a press release.

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Data Lending Michigan Regulation 131

PYMNTS

OCTOBER 7, 2016

2015, will also support the ongoing needs of the company as it continues its growth. We continue to focus on innovation for our merchant partners and market growth through both organic tactics and acquisition.” The move is building on Financeit’s reputation as a leading FinTech innovator, the company said.

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Capital Innovation America Mobile 155

PYMNTS

APRIL 18, 2017

The company said Monday (April 17) that the State Bank of India has centralized its trade finance operations across 25 countries using Misys tools, specifically its Fusionbanking Trade Innovation platform. Earlier this year Misys launched another solution for banks, this time focusing on lending.

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Lending Tools Financial Technology Operations 100

PYMNTS

FEBRUARY 7, 2017

The nation’s current market climate is ideal to fostering FinTech growth and innovation, and investors will fuel that growth through 2017. The shift in investment activity is clear: Citi found that, as FinTech venture capital increased by 104 percent between 2015 and 2016, activity in Europe declined by 27 percent, and in the U.S.

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Fintech US Capital Lending 100

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.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

DECEMBER 7, 2018

. “KPMG Spark reflects KPMG’s commitment to bringing innovative solutions to an expanding range of clients so we can help them drive growth, gain efficiencies and create greater value.” In 2016 KPMG targeted small businesses again through a deal with alternative small business lending firm Funding Xchange.

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Taxes Compliance Tools America 147

PYMNTS

NOVEMBER 21, 2016

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. Researchers agreed that this shows a continually high level of interest in the financial technology and innovation space among investors, despite the overall drop in VC funding.

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Strategy Lending Capital America 100

PYMNTS

JULY 12, 2018

Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. Our review shows that while online lending has grown in recent years, our banking industry still supports the overwhelming majority of lending in New York while being subject to strong safeguards and oversight.

Online 100

Online New York Lending Regulation 100

PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

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Lending Apple Cards Study 100

Chris Skinner

MARCH 1, 2017

Interesting, particularly when you look at what’s been happening with Lending Club and others. Investment in UK FinTech start-ups dropped by a third after June’s Brexit decision, according to Innovate Finance, from $1.2 billion in 2015 to $783 million last year. billion of funding for a firm valued at just $4.3

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Fintech America Lending Community 150

PYMNTS

JUNE 24, 2016

trillion in 2015. Online lending . Suddenly the surge looks less based on fundamentals than fortuitous timing, which does not in fact lend itself to follow on IPOs from other companies, because the stars may not align like this for them. trillion in cash is projected to be in use across the EU through 2020. That compares to €2.1

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

DECEMBER 8, 2016

“After $100M+ checks flowed freely to VC-backed companies through much of 2015, the mega-round trend has settled into a lower range through 2016,” concluded KPMG and CB Insights in their Q3 2016 venture capital report. Still, 86 percent said they’re planning to cooperate with those competitors to innovate and grow.

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Fintech Capital Analysis Trends 100

Abrigo

DECEMBER 26, 2014

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Bruemmer, executive vice president for Landmark Credit Union.

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PYMNTS

MAY 9, 2016

Last week, OnDeck, Kabbage and CAN Capital banned together to form the Innovative Lending Platform Association (ILPA), an advocacy group to champion increased transparency for small business borrowers in the alternative and marketplace lending sphere. Is the alternative lending space concerned about incoming regulation? “No,

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Regulation Lending Capital Industry 100

PYMNTS

JANUARY 24, 2017

the lending arm of Ford Motors — announced yesterday (Jan 23) that going forward it will use AutoFi Inc. AutoFi doesn’t underwrite or decide loans on its own — as a marketplace for lending, it allows auto dealers to select banks, credit unions or alt lenders to pitch to prospective car buyers. Ford Motor Credit Co. —

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Online Lending New York Taxes 100

PYMNTS

DECEMBER 6, 2019

that are lending their attire for a monthly rate, Reuters reported. The group began investing in the re-commerce business in 2015 and has invested approximately US$5.07m (SEK50m) via its CO:LAB investment arm. With the support of H&M Group we can continue to innovate and drive awareness and adoption of re-commerce.”.

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Branding Groups US Lending 101

Fintech Labs Insights

JULY 23, 2015

Five Finovate alums – including three innovative bank partners – have made it to the finals of the BAI Global Banking Innovation Awards 2015. Lending Club , Moven , and PayItSimple will compete for top honors in the “Most Innovation Non-Bank Financial Services Organization Award.”

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Innovation Las Vegas Community Conference 12

PYMNTS

JANUARY 27, 2021

Founder and CEO Anthony Hsieh said in a letter with the filing that the company, founded 11 years ago, has been “committed to providing honest products with great value, and committed to delivering them in an innovative, delightful way.”. “To To do what we did back then took more than wisdom and tenacity, it took courage,” he wrote. “We

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PYMNTS

AUGUST 22, 2017

Venture capital may be drying up for some alternative lenders, but small business lending platform Capital Float is continuing its funding spree with an additional $45 million. billion in 2015. The India-based company announced the Series C investment on Monday (Aug. 21) led by Ribbit Capital, based in Silicon Valley.

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Capital Lending Course Industry 101