PYMNTS

OCTOBER 8, 2018

Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. Initially, Marcus will start by providing easy access, online-only savings accounts, with lending products slated to be available at the earliest in 2019.

Lending 151

Lending Online Report Marketing 151

Bank Innovation

FEBRUARY 29, 2016

In a sign of the times in consumer lending, Auto Finance News today announced the launch of Auto Finance Innovation 2016, a new industry forum to explore the fintech revolution and how it is reshaping automotive lending and leasing.

Innovation 150

Innovation Lending Fintech Industry 150

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

JULY 25, 2018

When eBay announced that it would be accepting Apple Pay , it wasn’t the only new development for the online marketplace. eBay’s entrance into small business lending follows the company’s recent push into B2B services. On the SMB finance front, eBay rival Amazon has also been ramping up lending services to its online merchants.

Lending 134

Lending Capital Apple Operations 134

PYMNTS

MARCH 7, 2019

How PSD2 is Changing Lending in the U.K. However, customers are still wary of sharing too much data online, especially as questions grow over who has their data and how it’s being used. However, customers are still wary of sharing too much data online, especially as questions grow over who has their data and how it’s being used.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

OCTOBER 8, 2018

Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. Initially, Marcus will start by providing easy access, online-only savings accounts, with lending products slated to be available at the earliest in 2019.

Lending 100

Lending Online Report Marketing 100

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.

Survey 150

Survey Lending Capital Fintech 150

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The proposed rule changes come in the wake of a 2016 study of regulations that govern the sector, which dates back to 2014.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

DECEMBER 23, 2020

Between January 2016 and August 2019, the CFPB said it discovered numerous “systemic errors” that could have lowered consumers’ credit scores, such as the wrong date an account first became delinquent, according to a consent order. The agency said the lender knew something was wrong as early as September 2016.

Report 356

Report Compliance Lending Online 356

PYMNTS

NOVEMBER 27, 2017

operator of China’s leading online lender Fenqile, was slated to meet with advisers over the weekend to decide if it will go ahead with a proposed initial public offering (IPO) in the U.S. Investors have been questioning the regulatory climate for online lenders in China during premarketing meetings for the IPO.

Online 100

Online Lending Regulation Meeting 100

PYMNTS

OCTOBER 16, 2018

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform. The Sachs division that includes Marcus — investing and lending — posted Q3 revenue of about $1.86

Lending 147

Lending Digital Banking Retail Branding 147

PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. For banks, including relatively large banks, Goldstein noted, entering into personal lending markets is daunting, even if it is appealing from a variety of standpoints.

Lending 134

Lending Alabama Online System 134

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention. Behind the Numbers .

Lending 148

Lending Innovation Fintech Cards 148

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? While online lenders Kabbage and OnDeck lent $2 billion and $2.5

Lending 136

Lending Community Bank Community Data 136

The Paypers

FEBRUARY 27, 2017

(The Paypers) The ThreatMetrix Cybercrime Report: Q4 2016 has revealed that 1 million cyberattacks targeted online lending transactions throughout 2016, causing estimated losses of more than USD 10 billion.

Lending 28

Lending Online Report 28

PYMNTS

JUNE 24, 2016

Online to offline coming to Walmart near you, and we mean that sincerely. Online lending . But this is only the third tech IPO debut of 2016, and the first unicorn, and we’re halfway through the year, quite nearly. Remember there is one within 15 minutes of 90 percent of Americans. . A pretty clear-cut sizzle.

Lending 101

Lending Online South Dakota North Dakota 101

Bank Innovation

JUNE 15, 2016

Bank Innovation Israel 2016 registration has officially opened today. The only Western fintech event in Startup Nation, the 2016 Bank Innovation Israel will take place 1-3 November at the Dan Tel Aviv. The event is presented by Bank Innovation, one of the world’s leading fintech blogs.

Innovation 150

Innovation National Fintech social media 150

PYMNTS

NOVEMBER 17, 2016

Renaud Laplanche, Lending Club’s former CEO, is back with a new internet lending startup called Credify Finance Corp. But despite its early status, Credify comes into the market pre-wired for lots of attention — since its founder is both famous and infamous in online lending circles. Department of Justice.

Lending 100

Lending San Francisco Delaware Online 100

PYMNTS

DECEMBER 27, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Payments 2016: The Year of Payment Innovation Via Predictive Analytics. This was the year for payment innovation through predictive analytics.

Analytics 110

Analytics Innovation Payments eBook 110

PYMNTS

JULY 19, 2016

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. Dunne is well known in financial circles and his appointment is seen as a boon to the beleaguered Lending Club.

Lending 100

Lending Capital San Francisco Fintech 100

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., Last month was a booming time for alternative lending when top names, like BlueVine, scored hefty sums. Alt-Lending. and across Europe and the U.K.

Lending 100

Lending Capital Industry Analytics 100

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.

Lending 100

Lending Leadership Online Regulation 100

PYMNTS

AUGUST 2, 2016

Small businesses will be crucial to the expansion of the P2P lending market across the globe, analysts from Technavio said. 1) said micro, small and medium-sized enterprise (MSME) lending will help fuel growth in the global peer-to-peer lending space between 2016 and 2020. ” .

Lending 100

Lending Capital Management Analytics 100

PYMNTS

APRIL 24, 2018

Marketplace lending platforms – Lending Club, OnDeck, Prosper and the like – have inarguably and fundamentally altered the geography of the lending landscape. The lending model has fundamentally changed,” Vallée told Harvard Business School Weekly. Now decisions are increasingly based on hard information.

Lending 124

Lending Study Capital Data 124

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

PYMNTS

FEBRUARY 18, 2020

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. LendingClub was part of a wave of early FinTech firms that was geared toward marketplace lending, while others matched borrowers with lenders. Radius is based in Boston and has in the neighborhood of $1.4

Fintech 242

Fintech FDIC Boston Lending 242

CFPB Monitor

JUNE 8, 2016

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

Lending 60

Lending Fintech California Survey 60

CFPB Monitor

FEBRUARY 23, 2021

The New York Department of Financial Services (DFS) recently announced that it has entered into an agreement with Hunt Mortgage , a licensed mortgage banker, to address the DFS’s findings that there was a “demonstrable lack of lending to minorities and in majority-minority neighborhoods in Western and Central New York by Hunt Mortgage.”

New York 78

New York Lending Report Policies 78

PYMNTS

APRIL 24, 2017

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. We break down the latest on SME lending in these key markets. banks are rebooting their efforts to capture SMEs from their alternative rivals. A dip of 1.1

Lending 100

Lending US Capital Community 100

PYMNTS

FEBRUARY 16, 2018

Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S., Periu, who served as global co-head of Capital Markets at Funding Circle, launched NepFin in late 2016 alongside Co-Founder Thomas Meister, former senior counsel at Funding Circle too. This is about augmentation,” he said.

Lending 101

Lending Marketing Analytics Capital 101

CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In March 2016, the CFPB announced that it is taking complaints about marketplace lenders. Now, the FTC has joined in by announcing that on June 9, 2016, it will host a half-day forum in Washington, D.C.

Lending 60

Lending FDIC Washington Financial Technology 60

PYMNTS

JANUARY 24, 2019

In a press release , Fundation said it is collaborating with Banc of California to develop a streamlined, digital small business lending and line of credit solution that the bank can offer to its small business clients. SMBs can use the tool to apply for financing through an online application on the Banc of California website.

California 122

California Lending FDIC Online 122

PYMNTS

JUNE 28, 2016

And while we expect 2016 will mark the 24oth July 4th in a row that the British have not celebrated, one can not help but admire the impressive degree to which they’ve upped the level of the fireworks game. Marketplace lending, in short, did not need more fireworks. Online lenders in the U.K. Good-Bye Passports .

Lending 100

Lending National Marketing Online 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. 3, 2016, compliance date. By Mary Thorson Wright. The effective date of the final rule was Oct. Beginning Oct.

Lending 70

Lending Compliance Regulation Virginia 70

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

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Stronger regulatory rules compelled P2P services to plunge to 343 last year compared to 2,680 in 2016. billion yuan (US$70.4

Lending 131

Lending Regulation Capital Industry 131

CFPB Monitor

JULY 11, 2016

Tomorrow, July 11, the House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit will hold a hearing titled: “Examining the Opportunities and Challenges with Financial Technology (“FinTech”): The Development of Online Marketplace Lending.”

Lending 60

Lending Policies Financial Technology Fintech 60