PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. 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., Alternative Lending. Accounts Receivable Management. million for alt-lenders this week.

Lending 100

Lending Regulation Big Data Risk Management 100

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. Credit card accounts are exempt from compliance until Oct. 3, 2016, compliance date. By Mary Thorson Wright.

Lending 70

Lending Compliance Regulation Virginia 70

PYMNTS

MARCH 30, 2018

That’s where the payroll card comes in, she said. Not only can the card act as a vehicle for direct deposit, it can also facilitate faster payroll payouts. Kittrell Paycard recently announced the integration of InstantWage, a mechanism for payroll card users to access their earned wages before payday. So, it’s not a loan.”.

Cards 133

Cards Payments Innovation Industry 133

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

FICO

MAY 10, 2018

Alliant Credit Union , one of the largest credit unions in the United States, has transformed its consumer lending business and is exceeding its lending goals since implementing FICO technology solutions in 2016. Credit card applications can now close in less than half an hour, and auto loans can be funded the same day. “As

Lending 61

Lending United States System Cards 61

Bank Innovation

JUNE 23, 2016

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. Launched in 2014, Ant Financial Read More.

Innovation 284

Innovation Company social media Operations 284

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. Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion valuation for the U.K.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

JUNE 13, 2016

But when the temptation to believe one is a background character in the 2016 version of “The Truman Show” grows strong, there is luckily the highlight reel from the payments and commerce news of the week which is ready to keep you thoroughly grounded in reality. We will be concluding our beta on June 28, 2016.”.

Lending 100

Lending Columbus Mobile Cards 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

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. The Response.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. So, here’s what you need to know to be trending in payments this week. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

CFPB Monitor

NOVEMBER 7, 2016

In its Fall 2016 Supervisory Highlights , which covers supervision work generally completed between May and August 2016, the CFPB highlights violations found by its examiners involving origination and servicing of auto financing, debt collection, mortgage origination and servicing, student loan servicing, and fair lending.

Lending 83

Lending Report Regulation Policies 83

PYMNTS

DECEMBER 30, 2019

The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions. Grab, which started out as a ridesharing company, has been introducing finance apps and payment solutions since 2016. Grab also recently said it wants to expand into artificial intelligence.

Digital Banking 134

Digital Banking Groups Online Regional 134

PYMNTS

DECEMBER 1, 2019

Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. Zopa raised £60 million from new and existing investors in two funding rounds since applying for the banking license in 2016, and hired a number of former banking executives to create a new bank board.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

JANUARY 17, 2019

British lenders say that leading up to Brexit, they expect the largest drop in demand for credit cards and mortgages than they’ve seen in many years, according to a survey by the Bank of England. For credit card lending, demand over the next three months declined to -20.7 Britain is due to exit the European Union on March 29.

Survey 122

Survey Maine Cards Lending 122

PYMNTS

FEBRUARY 5, 2019

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial.

Washington 178

Washington Kansas City Lending Kansas 178

PYMNTS

FEBRUARY 20, 2018

But the data indicates that for an increasing number of users, debt is not being managed correctly. Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. trillion, a $193 billion increase from Q3 and $402 billion higher than the fourth quarter of 2016. Credit Card Troubles.

Lending 105

Lending Cards America New York 105

Bank Innovation

MAY 9, 2016

We can all agree Credit Karma, Chase Mobile, Bank of America, Wells Fargo, and PayPal aren’t leaving the Top Ten on App Annie anytime soon. But ratings and rankings aren’t everything — there’s also the cool factor. How easy is the app to use? Does it makes us feel good (even Read More.

America 150

America Mobile US social media 150

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Bank Innovation

FEBRUARY 23, 2016

When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.

Branding 150

Branding Innovation Fintech social media 150

PYMNTS

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. But it plans to avoid the interest-free introductory deals common among the nation’s credit card market.

Security 215

Security Capital Cards Report 215

PYMNTS

FEBRUARY 20, 2018

have already used an online alternative lending platform. Still, researchers noted little change between 2016 and 2017 in the number of small businesses that have never used an alternative lender, and nearly half still have not. New research released by Mercator Advisory Group on Monday (Feb. Its 2017 U.S.

Millennials 101

Millennials Lending Survey Groups 101

PYMNTS

DECEMBER 12, 2017

Still, Levchin added, there’s a lot of growth potential ahead in the market for Affirm, which he said exists as a tiny player in its chosen arena of credit card alternatives. The model for consumer financing may not be new, Levchin told Webster, and neither might the concept of buying in installments.

Lending 100

Lending Capital Tools Retail 100

PYMNTS

AUGUST 14, 2017

percent in 2016 to total €216.8 Small businesses often prefer factoring because it offers a more attractive funding alternative compared to lending, while investors find having a secured asset can be quite compelling. “We This means that the market potential is very high and we are seeing a veritable boom in Germany at the moment.”.

Fintech 133

Fintech Cards Lending Innovation 133

CFPB Monitor

APRIL 13, 2020

Debt collection (25%): The largest number of debt collection complaints concerned “attempts to collect debt not owed” for miscellaneous products and services such as phone bills, health club memberships, and home utility services, followed by credit card debt. The majority of complaints involved “trouble during payment process.”.

Report 78

Report District of Columbia Survey social media 78

Bank Innovation

APRIL 28, 2016

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class.

Innovation 150

Innovation Security Fintech Company 150

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. In February, alternative lending company TruFin, based in the U.K., seeking $100 million in share sales.

US 112

US Capital Regional Analysis 112

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR Going to speak about technology can be better used in the card world.

Video 40

Video Lending social media Analytics 40

PYMNTS

JANUARY 27, 2017

Analysts found that, in the first nine months of 2016, China held the top spot for FinTech investment, with funding raised for that period doubling compared to the same period in 2015. Commercial Cards. TripActions offers rewards for employees when they remain under corporate budget, which can be used for things like Amazon gift cards.

Fintech 100

Fintech Cards Mobile Capital 100

CB Insights

DECEMBER 10, 2020

Below, we take a look at how tech companies are unbundling Bank of America’s front office, from consumer deposits and payments to equity research and business credit cards. . However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. . SMB lending . First name.

America 101

America Lending Cards San Francisco 101

PYMNTS

JULY 28, 2017

In an interview with Reuters , Franklin Codel, head of consumer lending at Wells Fargo, said the business started noticing elevated customer complaint volumes in July 2016 and quickly suspended its auto collateral protection insurance (CPI) program and escalated issues to senior management, the board and regulators.

Company 100

Company Policies Lending New York 100

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Credit cards offer rewards but over 60% of payments are made on debit cards. CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Plus the 1% rewards.

Video 40

Video Mobile social media Analytics 40

PYMNTS

JULY 27, 2020

are seeking payment methods that can help them flexibly manage necessary expenses, and the BNPL industry is poised for growth in other markets as well. Splitit also allows users to make payments from their credit card accounts and partnered with card services providers such as Mastercard and Visa to expand its reach.

Retail 146

Retail Google Apple New York 146

William Mills

MAY 10, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. Card-linked offers generated a lot of excitement a few years ago. Link your card to website or app, select the offer.

San Jose 40

San Jose Customer Experience Mobile social media 40

PYMNTS

AUGUST 8, 2018

We had a great quarter, record revenue on the back of record originations — and with the success of some of our early cost management initiatives, we’re starting to see flow through to the bottom line. And auto lending, he noted, is an excellent springboard to other services. million in loans, up 31 percent from a year earlier.

Report 100

Report Lending US Cards 100

PYMNTS

JUNE 10, 2020

The move comes out of Amazon’s initial effort to build a lending marketplace for its sellers, where many lenders would compete to make business credit offers, sources familiar with the situation told CNBC. Our team exists to fuel seller growth, period,” Ragui Selwanes , head of Amazon Lending, told CNBC. percent to 20.99

Lending 150

Lending Apple Online Retail 150

PYMNTS

AUGUST 23, 2018

When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done through traditional banks, and to say that peer-to-peer (P2P) or marketplace lending was nascent would be overly generous. More Data, More Products.

Lending 102

Lending Cards Tools How To 102