PYMNTS

MARCH 1, 2016

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds. And there could be some legal issues afoot, too.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

JANUARY 9, 2020

The increased regulatory and capital requirements for China’s P2P lenders should continue to put pressure on the sustainability of business models across the sector in 2020, leading to further industry contraction,” said Katie Chen, director for non bank financial institutions at Fitch Ratings, told the South China Morning Post Tuessday (Jan.

Lending 131

Lending Regulation Capital Industry 131

PYMNTS

JULY 22, 2016

It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. million for alt-lenders this week. Alternative Lending.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). The region is also home to an active and fast-growing startup scene.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JUNE 1, 2016

Turkey’s 2016 tourism revenue is expected to be down by more than $11 billion, and some are calling it “the lost year of tourism” for the country. Tourism is said to have accounted for 12 percent of Turkey’s GDP in 2014 and its 37 million tourists that year made it second only to Italy as a favorite global tourist destination.

Regulation 100

Regulation Operations Survey Mobile 100

PYMNTS

JUNE 10, 2019

The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space. Some regulators aimed to mitigate that impact. As such, the FSB said it does not expect to introduce any new industry regulations.

Lending 100

Lending Capital Regulation Survey 100

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Are SMBs Ready For EMV?

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The deal is still awaiting approval by the bank’s shareholders and the board. On Thursday (Oct. He was replaced by Deutsche Bank executive Ravneet Gill.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

MAY 22, 2019

The online retailer has already been looking to raise capital at a valuation of about $2 billion, and the acquisition of ShopClues could help its funding efforts. For its part, ShopClues raised nearly $150 million in funding in 2016 to reach a billion-dollar valuation, becoming the seventh Indian startup firm to join the unicorn club.

Meeting 116

Meeting Capital Policies Compliance 116

PYMNTS

DECEMBER 30, 2019

30) said a lack of regulation in the online SMB lending arena is raising concerns over sky-high fees and interest rates, sparking a bigger conversation about expanding borrower protections beyond consumers. On Deck Capital is a rare exception, with the publicly-traded firm charging between 9 and 98.3

Lending 131

Lending Online California New York 131

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. from 2016 until its sale in 2018. Location: Fort Lauderdale, Fla. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4013 – Temporary Relief For Troubled Debt Restructurings.

Regulation 122

Regulation United States Community Bank National 122

Cisco

DECEMBER 13, 2022

There is pressure from shareholders, consumers, employees, and regulators for organizations to move towards a more sustainable future, and to set ambitious greenhouse gas (GHG) emissions reduction goals. Many FIs are developing sustainability strategies which rely significantly on technology for operational transformation.

Industry 144

Industry San Jose New York City Resources 144

PYMNTS

FEBRUARY 15, 2019

Banks should brace for more focus – at least from the European Central Bank – on capital structure and liquidity as Brexit looms and takes effect. Financial Times has estimated that as many as 27 firms have committed to bringing staff or operations to Ireland in the wake of the 2016 vote to leave the European Union.

Capital 108

Capital America Course Operations 108

PYMNTS

JANUARY 10, 2017

The central bank’s comments come as Beijing escalates a campaign to check capital outflows, said Reuters , and to slow the depreciation of the yuan. Current regulations limit foreign exchange to an annual maximum of $50,000, but some believe that people are using bitcoin and other digital currencies to circumvent the exchange cap.

Bitcoin 100

Bitcoin Regulation Meeting Capital 100

PYMNTS

DECEMBER 14, 2016

13) it closed a $13 million round of funding led by Flint Capital, with participation from ff Venture Capital, Santander InnoVentures and Two Sigma Ventures, as well as other investors. In a press release, Socure said it will use the capital to scale operations, accommodating the 300 percent growth it has seen in 2016.

Fraud 100

Fraud Compliance Capital Leadership 100

PYMNTS

MARCH 16, 2018

regulators’ investigations into Wells Fargo ’s sales practices has expanded into the financial institution’s wealth management operations, according to news from The Wall Street Journal. Wells disclosed the investigation as part of a 10K filing with the SEC, reports said.

Management 101

Management Conference Regulation Report 101

PYMNTS

JANUARY 13, 2017

The alternative lending industry continues to scoff at doubters, and the latest B2B venture capital roundup suggests confidence is growing in the space — and not just in the U.S., Three of the four investment rounds announced this week went to alternative lenders with operations in the U.S. billion in small business loans in 2016.

Lending 100

Lending Capital Industry Analytics 100

PYMNTS

SEPTEMBER 27, 2017

Trade finance revenue is slipping at the world’s largest banks, especially as companies struggle in a global trade environment operating with a $1.5 More banks in 2017 are implementing digitized technologies than in 2016, researchers found, with FinTechs providing these solutions focusing on cost reduction for banks.

Fintech 128

Fintech Survey Lending United States 128

PYMNTS

SEPTEMBER 7, 2018

As of now, the central bank is tasked with looking over the compliance of banks to capital standards as well as other financial stability-related regulations. Monitoring money-laundering, however, is usually handled at the national level. The total settlement will be taken as a charge against third quarter results.

Regional 109

Regional Compliance Regulation Meeting 109

PYMNTS

JULY 30, 2019

The company was founded in 2016. This new push for funding marks only the latest development in India’s retail game, which has led to growth for homegrown players and also attracted some of the biggest digital operators in the world. As it stands, the company rolled out Prime services in the country in 2016. Amazon’s Moves.

Retail 108

Retail social media eBook Report 108

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. This reflects a larger industry trend. For many, commercial real estate lending may be the ticket.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

PYMNTS

JANUARY 25, 2018

In an attempt to address many of these concerns, regulators have stepped in with initiatives, such as establishing a Small Business Commissioner last year to champion SMB-related causes. Research released in 2016 by the British Chambers of Commerce and by Bibby Financial Services found that only 18.8 As part of the U.K.

Lending 122

Lending Regulation Marketing Operations 122

Abrigo

FEBRUARY 3, 2020

Creating more efficient operations and improving customer experiences are the goals driving technology strategies and investments at many U.S. That leaves resources – in terms of both capital and staffing – available for other needs. Technology spending priorities. Dollars for innovation tied up in IT infrastructure.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. businesses in 2016 than the year prior, found CyberScout. businesses in 2016 than the year prior, found CyberScout. s current political system.

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

NOVEMBER 23, 2017

As part of the new law that has “legalized” Bitcoin in Japan, the nation’s Financial Services Agency has put capital requirements — along with cybersecurity and operational stipulations — in place for Bitcoin exchange. Other government regulations in the U.S., Russia, U.K.

Bitcoin 101

Bitcoin cryptocurrency blockchain Training 101

Independent Banker

OCTOBER 31, 2021

February 2016. Regulators implement ICBA-supported three-year transition. The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. When they do adopt, it will require a bigger reserve and immediately deplete regulatory capital on day one.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

SEPTEMBER 19, 2019

The Brexit saga is a case study in uncertainty ever since then-British Prime Minister David Cameron stepped down June 24, 2016, the day after the referendum vote unexpectedly ruled in favor of leaving the European Union. The last few weeks, although eventful, have not been particularly clarifying. With Brexit’s Oct.

Case Study 181

Case Study Lending Regulation Study 181

PYMNTS

APRIL 30, 2018

The FI said this statistic is two percentage points higher than last year’s report, and a whopping 25 percentage points up from 2016 levels. More than half of small firms also say their local economies are going to improve this year (56 percent), up from 50 percent in the spring of last year, and just 38 percent in 2016.

Taxes 144

Taxes America National Community 144

PYMNTS

OCTOBER 1, 2018

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. The build-back from the revelations of 2016 was a bit more of a lengthy process. The Rundown on the Run-up to the Decisions.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

SEPTEMBER 4, 2018

According to the Financial Times , complaints against Wonga’s lending practices, logged with regulators, were up 80 percent since that emergency injection. That was the same year that the regulator officially moved to cap payday loan interest rates and ban rollover loans. for that loan. It was required to pay £2.6

Lending 100

Lending Regulation Capital Report 100

PYMNTS

APRIL 22, 2016

On the bright side, Google remains a leading digital ad platform and is capitalizing on the global shift to mobile by both users and advertisers to access the Internet through mobile devices. This makes it seem even more likely that 2016 will be the year that Google draws the bulk of its money in revenue from mobile, not desktop.

Google 100

Google Mobile Apple Regulation 100

Jeff For Banks

DECEMBER 16, 2022

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Since 2016, over 50% of total deposits are non-interest bearing, driving superior cost of funds and net interest margin. and Puerto Rico banking laws and regulations. MetroCity Bankshares, Inc.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

CB Insights

APRIL 18, 2019

Earlier this month, news broke that Chinese regulators were considering a ban on cryptocurrency mining (China is currently the world’s largest region for bitcoin mining). However, nothing has been formalized yet, and major mining companies Bitmain and Canaan have said the proposed ban won’t even affect operations.

blockchain 59

blockchain Capital Trends Bitcoin 59

PYMNTS

JANUARY 31, 2019

The con man pleaded guilty to misrepresenting his company in 2016, then later withdrew his plea and disappeared while on pre-trial release. These bad actors often make off with investment funds for personal benefit or funnel them into illegal operations. They’re on the hook with regulators should something go wrong, after all.

Tennessee 108

Tennessee social media Fraud Guidelines 108