Bank Innovation

APRIL 15, 2016

Today Breaking Banks hails the world from the Innovate Finance Global Summit in London, where Liz Lumley hosts. Thus it’s no surprise that Innovate Finance, a phenomenon at the very heart of the UK fintech scene, gathered the most exquisite luminaries from Read More. FinTech is changing the nature of finance and money.

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PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. In a statement, Co-founder of Cred and Universal Protocol Dan Schatt said the technology can be particularly applicable to the corporate finance fields. In a press release on Tuesday (Dec.

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Bank Innovation

FEBRUARY 15, 2017

Lending Club may be back on track with banks, but not soon enough to help its fourth quarter results. 2016 was a tumultuous year for the online lender. The company set high goals for the fourth quarter, including its determination to generate $2 billion in loans. The lender’s very narrow miss of Read More.

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Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

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Lending Community Bank Community Analysis 186

Bank Innovation

NOVEMBER 4, 2016

TEL AVIV — PayKey, an intriguing Israeli startup that lets banks offer payments on any social media platform — and we mean any — won the demo contest at Bank Innovation Israel 2016 here this week. PayKey beat out 12 other finalists at the DEMOvation Challenge at Bank Innovation Israel, Read More.

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PYMNTS

MARCH 7, 2019

The card network has partnered with Open Banking service Konsentus to add an identity and regulatory checking service to its roster of Open Banking tools and technologies. How PSD2 is Changing Lending in the U.K. GDPR was officially signed into law in 2016. and how third-party players are coping with it.

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Lending Regulation Regional Data 198

PYMNTS

MARCH 13, 2017

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. Only 13 percent say they’re willing to jump on the innovation bandwagon. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey.

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Financial Technology Technology social media Taxes 127

Bank Innovation

APRIL 11, 2016

Investors see a sunny future for marketplace lending, according to a survey released today by Richards Kibbe & Orbe LLP (RKO) and Wharton Fintech. The results of the survey, titled 2016 Survey of U.S. Marketplace Lending, show that half of investors surveyed have capital allocated for marketplace lending.

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PYMNTS

SEPTEMBER 19, 2017

The latest report from Finastra , the FinTech conglomerate recently formed through the merger of Misys and D+H, and financial research firm Celent finds that banks are poised to see a 4 percent growth rate in corporate banking revenue through 2020, double the growth rate seen between 2010 and 2016.

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PYMNTS

JUNE 27, 2017

As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? How could we make this better?”.

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PYMNTS

FEBRUARY 9, 2017

Small business finance is one of the most competitive, innovative and challenging markets in which to operate. That dedication and focus is what led Fundbox to secure gold in the PYMNTS.com Innovation Project 2016 Awards category of Best Small Business Innovation. We think of ourselves as providing innovative solutions.

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Bank Innovation

JANUARY 10, 2017

Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. Recent video footage also Read More.

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PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. New reports in Bloomberg on Wednesday (Oct.

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PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. author of the report and Florida Atlantic University’s Kaye Family Endowed Professor in Finance.

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Bank Innovation

FEBRUARY 16, 2016

That happened long ago — just ask Silicon Valley Bank, a financial institution built to serve the world’s center of innovation. Silicon Valley is coming to banking? Few bankers can claim better knowledge of what the tech giants are up to. Startups, you say? SVB claims it banks a staggering two-thirds Read More.

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Community Bank Branding Community Innovation 244

Gonzobanker

MARCH 9, 2022

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. Fiserv was already a part owner when in early February it acquired the remaining portion of 2016-founded cloud-based Finxact.

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Financial Technology Technology Fintech Community 136

PYMNTS

MAY 8, 2018

Small businesses (SMBs) prefer not to seek funding to finance their innovative endeavors, according to new research from BMO Wealth Management , which suggests SMBs are missing out on opportunities to drive growth. 1 necessity for an entrepreneur’s innovative initiatives. A survey of more than 1,021 small businesses in the U.S.

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CFPB Monitor

MAY 18, 2016

In his April 2016 appearance before the Senate Banking Committee, Director Cordray made clear that FinTech companies are on the CFPB’s radar screen. On June 23, 2016, the OCC will hold a forum in Washington, D.C. on “Supporting Responsible Innovation in the Federal Banking System.” Registration is free.

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PYMNTS

OCTOBER 21, 2019

However, most people assumed that was survivable, and that the new millennia — powered by the emerging, mysterious technology known as “the internet” — was going to be a great place to live. We have the end-to-end guide — and the lessons learned during the ride by the innovators who had a first-row vantage points.

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Bank Innovation

DECEMBER 2, 2016

The personal lending space in the United States, conservatively estimated to be around $3 trillion in 2016, is seeing continued disruption. One of the latest innovative offerings in the lending space comes from a traditional investment bank: Goldman Sachs has looked to expand its presence in the retail banking space Read More.

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CFPB Monitor

AUGUST 9, 2016

While the CFPB has indicated it will be monitoring FinTech innovations, it has not yet held a public event devoted to FinTech or financial innovation. on December 2, 2016. on December 2, 2016. ” Attendance at the conference is by invitation only.

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Chris Skinner

JULY 21, 2017

They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. What we are seeing is many new companies launching capabilities built upon the latest internet-enabled technologies. They are very different to banks and are collectively known as FinTech, financial technology start-up companies.

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Bank Innovation

FEBRUARY 23, 2016

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. When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does.

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Abrigo

OCTOBER 17, 2022

Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions. and in bank technology nationally. Through organic growth and strategic M&A, Abrigo has grown to be a leading player in the bank technology market, serving over 2,300 financial institutions across the U.S.

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CFPB Monitor

SEPTEMBER 29, 2016

on November 14, 2016 to discuss financial technology innovation in the financial services industry. The panels will discuss issues such as blockchain technology, automated investment advice or robo-advisors, online marketplace lending and crowdfunding, and how they may impact investors.

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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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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. Find out how the more than $26.5 MarketInvoice. Redis Labs.

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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.

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PYMNTS

MAY 18, 2020

The bank focuses on small- and medium-sized business (SMB) lending. “We In January, Judo Bank added a partnership with Software-as-a-Service (SaaS) provider InfraRisk in order to speed up lending to SMBs. Together, we will apply cutting-edge technologies to provide superior lending services for [SMBs].”.

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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.

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PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. In Italy and Australia, said the report, invoice trading dominates.

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Fintech Lending United States Regulation 172

PYMNTS

NOVEMBER 20, 2018

When it comes to real-time payments, 59 percent of businesses said the capability would improve their cash flow and certainty, according to the PYMNTS Real-Time Payments Innovation Playbook , done in partnership with Mastercard. s Faster Payments Service has been operational for about a decade, and such technology has been live in the U.S.

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Bank Innovation

JANUARY 12, 2017

Funding Circle raised $100 million for its peer-to-peer lending platform AND notched record lending activity in the final quarter of 2016 — AND pushed its U.K. Everything that happened in fintech this week in the U.K. is just plain wrong. operation into profitability. Oh, the indignity of it. Read More.

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Bank Innovation

MAY 5, 2017

The latest crisis is timely, as this month marks the one-year anniversary of the surprise firing of Lending Club CEO Renaud Laplanche. In May 2016, the company’s stock price was in a tailspin, ultimately dipping […].

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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.

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PYMNTS

DECEMBER 7, 2018

In its announcement, KPMG noted the tool is a mix of automated technology and human service and support to personalize services for SMB users, as well as a mix of accounting and bookkeeping capabilities with tax services. 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

FICO

JUNE 24, 2018

Malaysia’s Credit Guarantee Corporation (CGC) , a government and commercial enterprise joint venture, has used FICO’s decision management technology to improve its ability to judge the creditworthiness of small businesses so it can provide them with loans. The post Accelerating and Automating Small Business Lending appeared first on FICO.

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