BankInovation

APRIL 22, 2022

QuadFi, founded in 2015, uses artificial intelligence (AI), machine learning, and data analytics to provide lending solutions to customers with thin or non-existent credit. Canadian digital lender QuadFi has raised $100 million in debt financing, the fintech announced Wednesday.

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PYMNTS

JULY 25, 2018

The report also highlighted how eBay is working with PayPal rivals, Square and Apple Pay, following its split from PayPal in 2015. eBay’s entrance into small business lending follows the company’s recent push into B2B services. Amazon rolled out small business lending services in several markets in 2015.

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Lending Capital Apple Operations 134

PYMNTS

AUGUST 16, 2019

Reports said the watchdog is focusing on the Chinese bank’s corporate lending operations, with unnamed sources telling the FT that the probe will include a look into HNA and Zhonghong Zhuoya and their borrowing activities with the bank.

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Lending Regulation Operations Analysis 148

PYMNTS

AUGUST 15, 2019

He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K. App-based Monzo has more than 2 million users but over £85 million in losses since its 2015 launch.

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Bank Innovation

JULY 21, 2016

When Lending Club did its IPO in December 2014 I declared it as the Netscape moment for Fintech (when it became conventional wisdom that this was going to change the world). I could be accused of contributing to the Fintech hype, which became intense in 2015 with investors flooding into Read More.

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Bank Innovation

MARCH 9, 2016

deal sizes in 2015, a new report from KPMG and CB Insights shows. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. Asian fintech deal sizes dwarfed U.S. But yesterday’s Ant Read More.

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Fintech Report Capital blockchain 150

PYMNTS

JANUARY 4, 2019

economy is showing further signs as lending to consumers in the country increased at the slowest pace in close to four years. Reuters , citing the Bank of England data, reported the growth rate for unsecured consumer lending increased 7.1 It marks the slowest growth rate since March 2015, noted the report.

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Lending Report Data Regulation 122

Abrigo

SEPTEMBER 15, 2015

Credit unions are on the rise, as indicated by the NCUA in the second quarter of 2015. Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. Total lending at federally-insured credit unions reached $745.2 billion, up 3.9

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Abrigo

AUGUST 20, 2015

According to recent data from the Agricultural Finance Databook , non-real estate farm loan volumes continued to rise in the second quarter of 2015, increasing by five percent over the second quarter of 2014. This growth continues the trend from the first quarter of 2015 , which saw an increase of eight percent year over year.

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Lending Kansas City Kansas Analysis 150

PYMNTS

JUNE 10, 2019

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space.

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Lending Capital Regulation Survey 100

Gonzobanker

DECEMBER 4, 2019

Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending. Lending is a great area of a bank for analytics to grow from naturally. Meridianlink.

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Analytics Lending Fintech Leadership 125

PYMNTS

DECEMBER 10, 2018

B2B payments startup Razorpay announced the launch of Razorpay Capital, a lending marketplace offering both short-term working capital loans and long-term business loans. We always thought we can make lending a lot easier than what it is today. We always thought we can make lending a lot easier than what it is today.

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Lending Capital Google System 122

PYMNTS

FEBRUARY 24, 2016

When OnDeck first went public in 2014, around the same time that fellow alternative lender Lending Club did, it signaled the possibility of a new era of small business finance. But the company, at the time, admitted disappointing results from a marketing campaign, as well as the challenge of an increasingly saturated alt-lending scene.

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PYMNTS

JUNE 29, 2018

As Amazon presses further into China to compete with rivals like Alibaba , a job posting on the Amazon website may have just revealed plans for the eCommerce conglomerate to extend its small business lending program into the country. Amazon first began lending to small businesses in 2015, beginning with the U.S., Japan and U.K.

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Lending Operations Cards Report 109

PYMNTS

DECEMBER 11, 2019

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015.

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PYMNTS

OCTOBER 16, 2018

OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.

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PYMNTS

MARCH 16, 2017

continue to increase their lending to SMEs, according to the latest data from Biz2Credit. Announced Wednesday (March 15), the Biz2Credit Small Business Lending Index concluded that large banks increased their SME loan approval rates to 24.1 Big banks in the U.S. percent in February. This stock market and U.S.

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Lending Analysis Capital Report 100

South State Correspondent

AUGUST 10, 2015

In a somewhat rare occurrence, lending got safer, yet loan pricing on new production improved. Here is our quarterly report on banking industry trends and insights ( HERE ). In a nutshell, banking improved by most measures as the average bank became more profitable. For the industry, the average return on equity (ROE) increased from 8.1%

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PYMNTS

APRIL 3, 2018

Lending FinTech GreenSky has confidentially filed paperwork for an initial public offering (IPO). In fact, since 2015, just six U.S.-listed While private investors have been generous in financing lending startups, IPOs have been scarce in recent years because of rising defaults among borrowers, as well as increased competition.

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Abrigo

JANUARY 13, 2015

Enhanced data security measures aren’t the only new rules being considered by the NCUA in 2015. Credit unions can learn more about member business lending risk by accessing this complimentary whitepaper: Mitigating Top Member Business Lending Risks. Mark McWatters , NCUA Board Member. Blog Bank Credit Union'

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PYMNTS

OCTOBER 11, 2017

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market.

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Community Bank Community Lending Survey 108

PYMNTS

DECEMBER 11, 2019

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015.

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Lending San Francisco Groups Company 130

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

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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Lending Compliance Capital Marketing 100

Abrigo

FEBRUARY 16, 2016

Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses. Here are two mistakes to avoid when lending to nonprofits , according to the firm: 1.

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Analysis Lending Community Bank Community 150

PYMNTS

AUGUST 1, 2016

Online lending was all the rage even a few months ago, but funding going toward online lending platforms is on the decline. equity investments going toward online lending companies fell 44 percent in the first half of 2016 to $2.1 In June, Lending Club appointed interim CEO Scott Sanborn to the permanent head.

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PYMNTS

DECEMBER 12, 2017

Demand for corporate finance helped propel China’s banks to new lending records in November, according to news from Reuters on Monday (Dec. While demand for corporate lending has increased, analysts are also increasingly worried about rising bad corporate debt levels in China. Chinese banks provided $169.27

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Lending New York Regulation Survey 100

PYMNTS

FEBRUARY 17, 2017

That tally is likely to be led by Silver Lake Partners, the newswire said, and will be geared toward boosting the online lending and personal finance offerings now under SoFi’s umbrella. The financial platform has expanded to embrace products as disparate as lending across personal, individual lines, mortgages and insurance.

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Lending Capital Groups Cards 109

Perficient

MAY 26, 2021

Since its inception in 2015, the Fintech Generations conference has drawn national and international fintech leaders and speakers. Hans Zandhuis, Head of Ally Lending, Ally. RevTech Labs alumni have raised over $2 billion in venture capital and have had more than $230 million in company exits.

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Fintech North Carolina Charlotte Conference 462

Abrigo

SEPTEMBER 16, 2015

Member business lending (MBL) has been a hot topic in the financial services community this summer, particularly as the industry awaits finalization of the NCUA’s rule changes. More than 78 percent of credit unions with more than $100 million in total assets offered MBL to their members for the same period of 2015.

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PYMNTS

NOVEMBER 3, 2017

Citizens Bank is enhancing its small and medium-sized business (SMB) lending offering by digitizing the loan application process, according to a press release published by the financial institution (FI) on Thursday (Nov. Fundation struck an earlier partnership with Citizens to launch the SpeciFi solution, a digital advisory service.

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Lending Online Meeting Fintech 100

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. This week alone saw two examples of those concerns in action: One U.S. lawmaker, Rep.

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Lending Capital Fintech Data 109

PYMNTS

JUNE 6, 2018

Alternative lending platform BlueVine has announced its latest investment to the tune of $60 million. A press release issued by the company said Menlo Ventures led the Series E equity funding round for BlueVine, which also saw backing from SVB Capital and other investors.

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Lending Capital Fintech US 131

Abrigo

JUNE 2, 2015

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. In a recent article from Credit Union Times , 71 million consumers had an auto loan in the first quarter of 2015, the most since the recession and an increase of 1.2

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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.

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CFPB Monitor

NOVEMBER 18, 2015

The CFPB has issued its financial report for its 2015 fiscal year, which ended on September 30, 2015. The report indicates that the number of CFPB employees grew from 1,443 in FY 2014 to 1,529 in FY 2015. It states that as of September 30, 2015, the CPF had $136.6 This percentage was the same as of the end of FY 2014.)

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Report Lending Software Operations 60

CFPB Monitor

FEBRUARY 11, 2016

However, like last year’s letter on the FTC’s 2014 ECOA activities, the letter on 2015 activities does not include any specific 2015 FTC ECOA enforcement activity and only contains information about some of the FTC’s research and policy development efforts and educational initiatives.

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