PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based billion in 2017 from $2.6 The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S.

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Lending Online Community Washington 103

Chris Skinner

OCTOBER 16, 2017

Things we’re reading today include … City warns transition deal ‘disappearing by the day’ as May heads to Brussels Fintech market moves beyond lending Wi-fi security flaw ‘puts devices at risk of hacks’ Financial regulator warns of growing debt among young people Uncertainty over Brexit transition ‘could put (..)

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Lending Regulation Fintech Security 177

Chris Skinner

OCTOBER 31, 2017

Things we’re reading today include … CME to offer bitcoin futures RBS should have accepted faults more easily, City watchdog tells MPs Fintech firm MarketInvoice joins rush into business lending Pound spikes as Michel Barnier says he’s ready to speed up Brexit talks Bitcoin blasts to new all-time high of … The post Things worth (..)

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Bitcoin Lending Fintech 171

BankInovation

JANUARY 6, 2022

Automated lending fintech Kabbage is no stranger to disruption. Founded in 2009 in the wake of the Great Recession, the fintech’s lending solutions were one of the first to leverage automation and dynamic data analysis to improve efficiency in small business lending.

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PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. billion as of June 30 of this year and as measured since the August 2017 launch. Open Banking Partnerships – Focus On Romania.

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. Those definitions stretch across peer-to-peer (P2P) lending or marketplace lending, for example.

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Fintech Lending Regulation Survey 195

Bank Innovation

MARCH 11, 2019

Fintech funding is significantly on the rise. CB Insights' 2018 Q4 report showed a $21 billion, or 120% total increase in fintech funding from 2017 to 2018. And already this year, there have been several notable funding rounds.

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Bank Innovation

JANUARY 25, 2017

More fintech is coming to Austin. The massive South by Southwest conference and festival features startups in a number of categories — transportation, augmented/virtual reality, and of course fintech — plus several others. The event is the 9th annual pitch session for SXSW’s accelerator.

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Austin Fintech Conference Course 150

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. More Focus on P2P Lending.

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Fintech Lending Regional Regulation 144

PYMNTS

JANUARY 30, 2019

Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In a press release issued on Tuesday (Jan. In a press release issued on Tuesday (Jan.

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Analytics Lending Tools Community Bank 144

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Open APIs was the standout technology at the conference.

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PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Fewer than 200 credit unions in the country made an SBA loan in the past 16 months, while the number of credit unions participating in the program in Fiscal Year 2017 fell by 1 percent.

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Lending Analytics Data Security 129

Bank Innovation

MARCH 9, 2017

Nova Credit took top honors at the PitchIt 2017 competition on Tuesday, a global fintech faceoff sponsored by LendIt and 500 Startups. Nova competed alongside seven other startups tackling the underbanked in Africa, overdrafts, commercial real estate lending, finance for freelancers, compliance, and blockchain-based lending.

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Lending Compliance blockchain Fintech 305

BankNXT

MARCH 10, 2017

Brett King takes Breaking Banks to LendIt in New York, to talk innovation in lending, as well as other top-of-mind fintech topics. Innovations in lending at LendIt 2017 on BankNXT.

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Lending Innovation New York Fintech 49

Abrigo

JUNE 14, 2017

Many banks and credit unions have found a path to growth via partnerships with fintechs. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Additional Resources Hiring headache?

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PYMNTS

MARCH 7, 2018

The whirlwind of FinTech investment shows no signs of slowing. In fact, new data from venture capital (VC) analysis firm CB Insights, analyzed by global management consulting and professional services firm Accenture Financial Services, suggests FinTech startups’ VC funding hit a new high last year, with major deals in the U.S.,

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Fintech Lending Big Data Trends 131

Chris Skinner

APRIL 23, 2017

He gave me the classic view: “A bank is there to take people’s money and lend it out at a profit, whilst ensuring the risk of non-payment is minimised” No it isn’t, I … Financial Services: The Next Generation … where is it?

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America Leadership Maine blockchain 184

Bank Innovation

SEPTEMBER 13, 2017

Finovate Fall 2017 continued its second day of demos with financial service companies showing off everything from biometric solutions for traders, to how to program an old gumball machine to accept mobile payments.

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Bank Innovation

JUNE 12, 2017

2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.

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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 environment for P2P lending has recently come under scrutiny.

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Lending Regulation Fintech Study 102

Bobsguide

JANUARY 11, 2017

The global lending market has witnessed revolutionary changes in 2016, with fintech playing a significant role in restructuring the lending system to be more dynamic and responsive, vis-à-vis the traditional framework of existing banking systems. Per the recent ‘Market and.

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Lending Trends System Fintech 60

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. The rise of FinTech offers a bit of a prism through which to view those events. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.

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Lending Innovation Fintech Cards 148

PYMNTS

DECEMBER 13, 2017

First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. 12) that it is working with FinTech firm RCGILTNER Services to deploy the digital platform, which will launch in the first quarter of 2018.

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National Lending Online Mobile 108

PYMNTS

SEPTEMBER 14, 2018

Cuomo on June 1, 2017 required DFS to study online lending in New York State and submit a report of its findings. The news comes as the department was recommending in July that online lenders be subjected to the same scrutiny and regulations that traditional banks face. A bill signed by Governor Andrew M.

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New York Fintech Lending Regulation 173

PYMNTS

JULY 4, 2018

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

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Lending New York Fintech Cards 110

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. In the U.K.,

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National Fintech New York Exercises 165

PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd.,

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Lending Capital Groups Financial Technology 122

Bank Innovation

DECEMBER 21, 2016

Fintech, the marriage of finance and technology, has been part of the business world for decades. As a small business owner, you should keep tabs on the fintech industry. In recent years, the explosion of innovation has brought even more attention to this sector. Here’s a few reasons why it’s Read More.

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Fintech Innovation Industry Technology 150

PYMNTS

OCTOBER 9, 2020

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. We are excited to back a social impact-driven FinTech with a sound business model. The funding was led by Upfront Ventures.

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New York City Lending New York Fintech 254

Bank Innovation

JANUARY 30, 2018

EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. based The Venture Center’s FinTech Accelerator program, which is backed by financial […]. One such program is Little Rock, Ark.-based

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Fintech Innovation Capital blockchain 358

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Blockchain. Blockchain.

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Fintech blockchain Lending Digital Banking 183

Chris Skinner

MARCH 1, 2017

I was reflecting on a friend of mine who runs a FinTech start-up. But it gives you an insight into how hard starting a new firm is, FinTech or Tech or any really. How many of those are there in FinTech? Interesting, particularly when you look at what’s been happening with Lending Club and others. Asia is big on FinTech.

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Fintech America Lending Community 150

Bank Innovation

SEPTEMBER 27, 2017

Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? What is the state of banking innovation today? Each year, we poll the industry to find out.

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Innovation blockchain Fintech Industry 257

PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The Geru bonds, which the company issued in December of 2017, have a four-year maturity and pay about 11.2 percent each year, noted the report.

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Fintech Marketing America Report 116

PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. FIS merchants in the U.S. Liberis Group.

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Lending Florida Capital Fintech 131

Perficient

JANUARY 12, 2021

This also represents sustained growth as it marks a 3.15% increase from the previous year and a gain of 7.09% over the three-year period from 2017 to 2020. In these times of economic crises and lending restrictions, FinTech will disrupt and fill the gap. The number of small businesses in the U.S. reached 31.7 businesses.

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Trends Fintech Customer Experience Innovation 332