Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Malls, retail stores and even some bank branch closings proliferated in 2017.

Conference 90

Conference Industry Community Bank Community 90

PYMNTS

MARCH 4, 2019

According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize. The investment firm rates Nordea at underperform.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

PYMNTS

JANUARY 4, 2019

In 2017, Indian startups got $10.4 Chinese funders were part of 43 funding rounds, which is up from 29 in 2017 and 25 the prior year. That number is down from the $988 million raised in 380 rounds in 2017 and the $1 billion in 430 rounds raised in 2016. billion in funding – the most ever. billion through 1,141 rounds.

Company 162

Company Taxes Innovation Capital 162

PYMNTS

JULY 20, 2018

It is a big deal for the cannabis industry’s expansion plans,” said Matthew Kennedy, an IPO market strategist at Renaissance Capital, which runs exchange trade funds that buy newly listed shares. million in 2017 and $5.2 And at $22.39 at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. “It

Company 144

Company Capital Taxes Industry 144

PYMNTS

JUNE 15, 2018

In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. John Cryan, former Deutsche Bank boss, warned in 2017 that up to half of the 97,000-strong workforce of the bank could go. banks will slash over 200,000 jobs.

Report 100

Report FDIC US Big Data 100

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

FEBRUARY 8, 2017

Small businesses continue struggling to access the capital required to effectively operate and grow — particularly businesses located in low-income communities,” said Greenline Ventures President Patrick Vahey in a statement. Expect 2017 to be a strong year for loan originations for big banks.”. The company revealed Tuesday (Feb.

Denver 100

Denver Community Lending Taxes 100

PYMNTS

SEPTEMBER 18, 2019

In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions. The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S.

Fintech 144

Fintech Payments Meeting Capital 144

PYMNTS

JANUARY 22, 2018

According to recent data from travel and expense management software firm Certify, analysis of 2017 data showed a 4 percent decline in the number of corporates using a manual expense management system compared to the year before. .” What is clear, though, is that demand for T&E technologies is on the rise.

Management 116

Management Compliance Taxes Marketing 116

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. Those challenges surpassed the 15 percent that said access to capital is their biggest challenge. And we’re not just talking about cyberattacks.

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

JANUARY 10, 2018

More big names strengthened their blockchain ties this week, too, including IBM and the venture capital arm of Comcast, Comcast Ventures, which announced their support for a new blockchain accelerator, MState. The blockchain hype certainly hasn’t risen without catching the attention of regulators. Regulatory Moves.

blockchain 101

blockchain Nebraska Bitcoin cryptocurrency 101

Jeff For Banks

FEBRUARY 3, 2018

At September 30, 2017 there were 5,737, a 16% decline. There were 166 mergers, and four new charters in the first three quarters of 2017. And capital ratios have held steady and strong. In fact, if you listen to some institutional investors, the industry is over-capitalized. In 2017, NIMs ranged from a high of 3.8%

Taxes 60

Taxes Regional Industry Trends 60

PYMNTS

JANUARY 29, 2020

small businesses had sought a loan online, compared to just 19 percent that did so in 2017. As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. ”

Lending 136

Lending New York Online New Jersey 136

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s Research released last year by Deloitte in its Global Corporate Treasury Survey 2017 found foreign exchange risk management remains a key function for treasurers. It’s also about having accurate, reliable rates trusted by global tax authorities.”.

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. And in 2017, those investments were off-the-charts nuts.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

MAY 4, 2017

There have been 52 new startups founded in 2017. When thinking about Orlando’s tech industry, some say the city’s access to capital, accelerator programs and tech clusters are what sets it apart. Median household income (2015): $42,318. There are more than 710 startups and tech companies.

Florida 110

Florida United States Taxes Community 110

PYMNTS

OCTOBER 10, 2017

The 2017 report , released Monday (Oct. Multinational banks and corporations seek better industrywide standardization and harmony among regulations,” he said in a statement. “As 9), found non-cash transactions are growing at a healthy rate — with volumes increasing 11.2

Payments 124

Payments Regional America Trends 124

CB Insights

DECEMBER 15, 2020

Between 2017 and 2060, it’s expected that approximately $50T will change hands in what will be the largest aggregated transfer of wealth in history. As profits are squeezed by growing regulation and client acquisition costs , the global wealth management industry is seeing increased consolidation. Source: Bloomberg.

Management 87

Management Fintech Industry Trends 87

PYMNTS

SEPTEMBER 9, 2016

The brothers are aware of the security issues surrounding bitcoin and recommend that exchange operators and their regulators need to look closely at “multisig” security services, which require many people to sign off on a transaction. by the end of 2017, not to mention the uncertainty associated with the presidential election.

Bitcoin 100

Bitcoin cryptocurrency Security Taxes 100

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. According to PepsiCo CEO Indra K. Nooyi, that decision is entirely bottom line-driven – eCommerce was good for Pepsi last year.

Retail 124

Retail Branding Mobile Strategy 124

CB Insights

OCTOBER 26, 2020

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely.

Management 78

Management Capital Company Marketing 78

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Stripe went on to raise a seed round from Sequoia Capital, Andreessen Horowitz, SV Angel, and PayPal founders Peter Thiel and Elon Musk in 2011.

Online 98

Online Company Retail Payments 98

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. savings accounts.

Retail 78

Retail Cards Millennials Mobile 78

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Capital One’s estimate for $150 million on $28 billion seems off, to say the least. There is a lazy thing to say, and I said it in 2017 about Equifax. Capital One) is managing.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Capital One’s estimate for $150 million on $28 billion seems off, to say the least. There is a lazy thing to say, and I said it in 2017 about Equifax. Capital One) is managing.

Data 40

Data Security System US 40

Gonzobanker

DECEMBER 17, 2021

Since 2017, ROAE has grown from 7% to approximately 20% and ROAA has increased from.82% The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. regulated financial institutions! Has it worked? 82% to over 2.3% The Inevitability Award Goes to Disappearing Overdraft Fee Income.

Fintech 142

Fintech Strategy Leadership Lending 142

Lex Sokolin

DECEMBER 25, 2019

According to Blockchain Capital below, nearly 40% of the stablecoin market is Ethereum-based Tether, accounting for 80% of transaction value overall. Certainly, regulators will be asking the same question as the space grows more popular. DAI, which is the native stablecoin of DeFi issued by MakerDAO, remains a small percentage.

blockchain 52

blockchain Bitcoin Software Lending 52

Bussman Advisory

FEBRUARY 21, 2018

There should be no doubt by now that initial coin offerings – token sale fundraisings by startups – have established themselves as new and very compelling forms of capital raising. Startups, primarily in the blockchain world, raised $4.6bn in various forms of token launches in 2017, a quantum leap from the $0.2

Capital 67

Capital Cyber Security blockchain cryptocurrency 67

Jeff For Banks

DECEMBER 12, 2017

Total return includes two components: capital appreciation and dividends. That got regulator's attention in the form of a May 2011 Consent Order (CO). Actually, the Bank had a one-time after tax litigation settlement (from a 2002-04 event) of $6.2 A princely some to a Bank with $107 million of capital at the time.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

PYMNTS

JANUARY 10, 2019

Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. There’s a relatively new wrinkle, too, as Europe has mandated new data privacy processes in the wake of the General Data Protection Regulation (GDPR). Working with Regulators.

United States 158

United States Regulation Compliance Strategy 158

Abrigo

DECEMBER 15, 2016

This trend of focusing on commercial lending for portfolio growth seems to be gaining, as reflected in a 2016 poll by Sageworks where 42 percent of respondents said they would be focused on CRE lending for portfolio growth in 2017, while 39 percent said C&I would be the core of their growth strategy. Small businesses in the U.S.

Lending 150

Lending Millennials Study Survey 150

Fintech Labs Insights

JANUARY 8, 2017

House of Fraser currently offers consumers credit and loyalty cards; it said it will detail how it will use its new relationship with Tandem in the first half of 2017. At the same time, the OCC is doing what it can to make it easier for fintech companies to become a part of the regulated federal financial system. ” InsurTech.

Fintech 12

Fintech blockchain Technology Lending 12

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Crescent Ridge Capital Partners’ elaborate Ponzi scheme. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

SEPTEMBER 5, 2018

Dockless systems, which allow users to park their bike or scooter anywhere along the sidewalk rather than in a fixed docking station, are more convenient and less costly to scale given lower capital costs, as operators don’t have to build out fixed stations. San Francisco was one of the first cities to tackle scooter regulation.

San Francisco 78

San Francisco New York City US Mobile 78

CB Insights

FEBRUARY 28, 2019

Brown, instead of managers getting stock options or guaranteed bonuses, every manager got paid $7,800 a year (the equivalent of about $14,500 today), plus “a designated percentage of the profits of the company after these are reduced by a charge for capital employed.”. The result of this type of plan was to make each manager at H.

Omaha 78

Omaha Company Capital Management 78

Independent Banker

JULY 29, 2016

Although many provisions directly seek to relieve unnecessary regulatory burdens, some of the plan’s provisions are specifically designed to create new options for community banks to raise and preserve vital institutional capital. 812) and the Community Bank Access to Capital Act (H.R. The next summit takes place April 30–May 3, 2017.

Community Bank 70

Community Bank Community Washington FDIC 70