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.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

DECEMBER 28, 2020

I mean, throughout the Latin American region that has happened, but it has been massive in Brazil. Since the launch of MercadoCrédito in 2017, however, the firm has lent out 4 billion Brazilian Real (~$785 million USD) to 2.5 “Brazil at the beginning of last year was a different Brazil, for sure,” he said. “We million people, 1.7

Lending 220

Lending Data Marketing Regional 220

PYMNTS

SEPTEMBER 25, 2019

The company has teamed up with Regions Bank to provide the possibility of virtual loans to consumers in Texas, the South and the Midwest. . When someone goes to the auto center section of the Regions Bank website, they’ll be routed to a new, co-branded site from the two companies. .

Los Angeles 100

Los Angeles Online Regional Texas 100

PYMNTS

MARCH 19, 2019

“While the industry has expanded quickly to a large and complex scale over the years, regulatory directions keep changing and different regions have different rules.”. However, though the company expanded quickly in 2017 and 2018, Beijing’s crackdown on certain lending practices forced Dianrong to decline in the second half of 2018.

Regulation 138

Regulation Regional Lending Compliance 138

PYMNTS

OCTOBER 8, 2018

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. That document focuses on budgets and regulatory efforts across the region. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty percent of small business loan applications at big banks got approved in May, according to Biz2Credit’s latest Small Business Lending Index.

Lending 112

Lending Community Bank Regional Community 112

PYMNTS

APRIL 18, 2017

billion in venture capital (VC) during the first three months of 2017. Peer-to-peer lending service Funding Circle helped push the U.K. into the number one spot, raising $97 million in VC funding and $43 million in debt funding during the first three months of 2017. Nine months after the historic Brexit vote, the U.K.

Regional 100

Regional Policies Lending Capital 100

PYMNTS

JULY 31, 2017

That’s bad news for some of the largest FIs, despite a recent uptick in small business lending activity. The 2017 report from FIS surveyed nearly 500 SMEs in the U.S. While lending restrictions seem to be easing somewhat recently, SMBs have struggled mightily in terms of getting approved for business loans.”.

Survey 112

Survey Community Bank Community Regional 112

PYMNTS

OCTOBER 6, 2017

“Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”. Alternative lending players, she wrote, don’t have enough time to diversify their portfolios, creating a significant danger to some firms in the event of a financial downturn. Alternative Lending. SalaryFinance. SalaryFinance.

Lending 152

Lending Capital Marketing Report 152

PYMNTS

APRIL 2, 2018

The financial institution currently targets the Caribbean with its banking services and, according to analysts, its financials remain strong despite natural disasters in the region. billion in 2017, though operating losses widened during that time. In February, alternative lending company TruFin, based in the U.K.,

US 112

US Capital Regional Analysis 112

PYMNTS

AUGUST 25, 2019

“The acquisition — our sixth investment in Asia Pacific since 2017 (following venture investments in Grab, Jirnexu, C88 Financial Technologies, BankBazaar.com and CompareAsiaGroup ) — demonstrates our ongoing commitment to investing in this region and using our advanced data and analytics expertise to remove complexity from the lending process.

Data 109

Data Fintech Lending Regional 109

PYMNTS

JULY 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. Shares fell on the news. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9.

Fraud 142

Fraud Cleveland Indiana Community 142

PYMNTS

JANUARY 23, 2017

Thanks in part to increased spending on the part of the government and record lending from banks, China’s economy grew more than the 6.8 Policy sources told Reuters the leaders of China plan to lower the economic growth target for 2017 to 6.5 percent expected in the fourth quarter. In 2016, China’s economy expanded to 6.7

Regional 100

Regional Policies Lending Report 100

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

BankUnderground

JANUARY 27, 2021

One key message stands out: banks that are more rooted in their market are much more likely to continue lending when faced with the economic fallout from such shock. Banks with access to central bank liquidity continued or even expanded their lending. A pandemic or natural disaster can impact lending in several ways.

Lending 70

Lending Study Marketing Capital 70

PYMNTS

MARCH 30, 2017

In defining these areas, the newswire stated that “micropolitan” locations have at least a county, an urban center and a population across both that top out at less than 20 percent of what might be defined as a “typical” metropolitan region. The next highest regions are Edwards, Colo. and Jackson, Wy., stated Bloomberg. takes the spot.

US 100

US United States Utah Regional 100

CB Insights

OCTOBER 10, 2017

in 2017 YTD (9/13/2017) — more money than the region has ever pulled in before. Those investing in the region include China’s tech giants , the region’s conglomerates owned by some of the region’s richest families, and venture capital funds. Intudo Ventures. hubert burda. hubert burda.

Regional 73

Regional Capital New York Management 73

American Banker

MARCH 18, 2016

billion in lending toward low- and moderate-income communities over five years beginning in 2017. KeyBank, a $93 billion-asset bank headquartered in Cleveland, announced plans Friday to direct $16.5

Cleveland 28

Cleveland Lending Community Regional 28

Bobsguide

JUNE 14, 2022

The combined solution, available in the cloud or on-premise, is available to clients in France and the Benelux region, with the potential to expand into other geographies in the future. Paris, France – June 14 – 2022 – Finastra today announced a partnership with Lozenge Analytics, offering the capabilities to Fusion KTP customers.

Analytics 60

Analytics Risk Management Compliance Management 60

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response. The Aftershocks.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. The results are a bit more varied across the Asia-Pacific region, however, which influences how these FIs invest in innovation.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

NOVEMBER 7, 2018

That growth was outpaced by a record number of applications, up 30 percent year on year, as LendingClub looks to spur “awareness” of the benefits of fixed-rate lending in an era where interest rates are on the rise.

Taxes 159

Taxes Management Risk Management Capital 159

CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. China and Hong Kong have been no exception to the trend: fintech companies in the region raised a record $26B in 2018, and exits in the sector have been elevated over the past few years. in 2017 (though its market cap has since fallen to $1.1B

Fintech 51

Fintech Regional Analytics Groups 51

CB Insights

AUGUST 3, 2017

Latin America’s fintech scene is gaining momentum, with 80+ fintech deals closing for around $300M in 2016, and over 100 deals already closed in 2017. Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. Track LatAm fintech companies. LatAm Fintech.

Company 65

Company Fintech Comparison Marketing 65

PYMNTS

DECEMBER 9, 2016

Analysts say that investors’ wallets could be opening up as we enter 2017, though. The Asia-Pacific region reigned again with two deals in Australia and Singapore, while the U.K. Alt-Lending. The Asia-Pacific region scored again with Tjaara’s funding worth $1.2 and the U.S. B2B eCommerce.

Fintech 100

Fintech blockchain Capital Metro 100

PYMNTS

JULY 26, 2018

The company has struggled to recover trust with customers since September 2017, after hackers accessed the data records of more than 143 million consumers, including personally identifiable information like Social Security numbers, drivers’ license numbers and credit card data. Equifax reported overall revenue of $876.9 a share.

North Carolina 101

North Carolina Atlanta Maine Data 101

Gonzobanker

APRIL 18, 2017

In a recent survey conducted by Cornerstone Advisors, bank CEOs were asked about their top concerns, priorities and initiatives for 2017 and beyond. Commercial cash management/fee income (sixth in 2015, second for 2016 and 2017). Small business market share (fourth in 2015, third in 2016, and now eighth in 2017). <= $10B. >

Lending 60

Lending Strategy Management Marketing 60

CB Insights

DECEMBER 4, 2019

In 2017, Andreessen Horowitz general partner Alex Rampell said that of all the tech giants that could make a major move in financial services: “Amazon is the most formidable. Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Amazon’s Next Financial Pillar.

Cards 101

Cards Lending Strategy US 101

CB Insights

APRIL 11, 2019

In this briefing, we analyze the Southeast Asia venture capital landscape, macro trends affecting the region, where deals and dollars have trended and a look ahead at which areas might be primed for startup investment in the future. As a whole, development of digital finance in Southeast Asia is still in the early stages.

Fintech 56

Fintech Regional Trends Conference 56

FICO

SEPTEMBER 28, 2020

In 2017, he was named the Head of Enterprise Fraud Management, expanding his responsibilities to include consumer lending fraud, fraud strategies and fraud prevention. Andy has a 35-year banking background with experience ranging across retail enterprise strategies, regional management, product management and fraud operations.

Customer Experience 59

Customer Experience Fraud Strategy Compliance 59

PYMNTS

JUNE 2, 2017

Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. Take India and Asia, where the Global Cash Index analysis of that region shows that spending with tangible currency will grow by 7.5 Management at some banks have cited caution creeping in when it comes to lending. trillion that year.

Fraud 109

Fraud Conference Online Samsung 109

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Performance and multiples continue to be solid, outperforming most regional banks. Has to be M-O-E.

Fintech 142

Fintech Strategy Leadership Lending 142

CB Insights

MAY 16, 2018

GreenSky is a digital lending platform that partners with home contractors, specialty retailers, and healthcare professionals to offer consumers point-of-sale financing. In 2017, the Atlanta-based fintech unicorn did $326M in total revenue. Home Depot is a prominent partner of the digital lending platform. last year.

Lending 35

Lending Atlanta Fintech Marketing 35

CB Insights

AUGUST 17, 2017

While the fintech industry in the country of over 260 million people is still incredibly nascent, deal activity in the space has picked up over the last two years and is on pace for a record high in 2017 at the current run rate, according to an analysis of CB Insights data. Tech Investing in Southeast Asia.

Fintech 36

Fintech Comparison Lending Capital 36

PYMNTS

AUGUST 14, 2019

Instant lending is the largest monetizable transaction type with Venmo, said management, and the remainder is split between Venmo Card and Pay with Venmo. We continue to see double-digit increases in new customer wins each month, demonstrating continued demand for Zelle from national and regional banks and credit unions.”.

Payments 124

Payments Trends Cards Comparison 124

FICO

MAY 12, 2020

The overall utilisation of available credit limits fell below 30 percent for the first time since mid-2017. . Furthermore, casual or contract employees will also fall outside of it’s lending policy, and it will also require proof of receipt of rental income payments to ensure tenants are in fact paying the stated rental.

Data 52

Data US Regional Industry 52

CFPB Monitor

AUGUST 27, 2020

This follows consent orders discussed in a previous blog post , that were announced on July 24, 2020 against Sovereign Lending Group, Inc. The consent order addresses advertisements sent to consumers between March 2017 and April 2019. Go Direct). Sovereign) and Prime Choice Funding, Inc. Prime Choice).

Examples 78

Examples Regulation Regional Policies 78