Bank Innovation

NOVEMBER 15, 2017

In addition to fireside chats, startup demos, and general sessions, Bank Innovation’s 2018 conference has added a pre-conference workshop on how to build an innovation team, added even more time […].

Conference 225

Conference Innovation Fintech How To 225

PYMNTS

JULY 12, 2018

and Tata Capital has rolled out a new lending platform in India. At first, the company will be referred to as ‘TransUnion, formerly Callcredit’ and will then be known as just TransUnion later in 2018. In other news, India’s Tata Capital has rolled out an online working capital platform for its customers, the company said.

Capital 100

Capital US Fintech America 100

Bank Innovation

APRIL 24, 2018

EXCLUSIVE - Known as one of the first technology companies in Europe to procure a German banking license, solarisBank has lofty ambitions for 2018. That plan, according to Timo Weber, VP of strategy and internationalization, is to add 50 more partners over the course of the year. “A A big part of our effort this year […].

Fintech 268

Fintech Course Strategy Technology 268

PYMNTS

JANUARY 2, 2019

The P2P lending market in China has been rife with scams and controversy for some time now. Bloomberg, citing people with knowledge of the matter, noted that Chinese authorities are gearing up to shut down small and medium-sized P2P lending platforms across the country. trillion yuan by the end of 2017, reported Bloomberg.

Lending 153

Lending Marketing Regulation Groups 153

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. Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report.

Lending 129

Lending Analytics Data Security 129

PYMNTS

AUGUST 1, 2017

With home loan growth expected to slow to 4 percent in 2018, National Australia Bank (NAB) wants to build its business elsewhere, namely in SME lending. Finally, National Australia Bank is also looking to streamline SME customer on-boarding, allowing sole traders to open an online account in about 10 minutes.

National 100

National Lending Capital Regulation 100

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

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

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018.

Report 269

Report San Francisco Lending America 269

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc.

Lending 116

Lending Security Philadelphia Dallas 116

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

Abrigo

JULY 5, 2020

Indeed, with in-person contact between members and staff prohibited by stay-at-home orders during the pandemic, credit unions relied on online loan applications to collect information from the deluge of prospective borrowers who sought funds in the first round of PPP funding. The SBA didn’t break out larger credit union PPP lending activity.)

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

FEBRUARY 25, 2020

Kraft Heinz, one of the world’s prominent global food and beverage companies, operates Evolv through a team effort, involving food, startup and venture capital professionals. Fabric launched an automatic fulfillment center in October of 2018. Online sales still aren’t a huge force in grocery retail in the U.S.

Lending 130

Lending Retail Capital Operations 130

PYMNTS

APRIL 22, 2019

Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? Drilling down a bit further, about one third sought financing from online lenders in 2018, up from 24 percent in 2017.

Study 122

Study Lending Online Survey 122

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. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

Lending 131

Lending Regulation Capital Industry 131

CB Insights

MARCH 20, 2019

From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Using CB Insights data, we identified the startups with a $1B+ valuation that exited in 2018. We’ve also covered 2018’s 14 European unicorns , 37 Chinese unicorns , and 55 US unicorns.). Meituan Dianping.

Company 70

Company San Francisco Capital Software 70

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

APRIL 28, 2020

In 2018, Oriente raised $105 million in a funding round, then one of the largest numbers for a startup in Asia. Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia. Its sales volume increased 20 percent for merchant partners last year.

Big Data 182

Big Data Lending Maine Groups 182

PYMNTS

JULY 31, 2018

BlueVine, the FinTech startup that recently announced a $60 million round of financing, has added $12 million to its Series E round of funding from M12, Microsoft’s venture capital fund. Founded in 2013, BlueVine is one of the leading FinTech players in online small business lending.

Lending 100

Lending Capital Fintech Online 100

Bank Innovation

DECEMBER 26, 2018

This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. PayPal Acquires iZettle Payments giant PayPal inked its largest deal ever this summer, acquiring Swedish company iZettle for $2.2

Fintech 218

Fintech Innovation Industry Payments 218

PYMNTS

JUNE 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. Standard Chartered Private Equity was the main investor, and Affirma Capital also participated in the round. The company is known as the “lending club of China.”

Lending 100

Lending Capital Maine Groups 100

William Mills

SEPTEMBER 25, 2018

SME Lending for the Indian marketplace. Efficiency gains in getting and processing paper records that are used in the lending review process. ^DG. With small business, there is a tremendous need for access to capital. And of course, SMB lending has been a huge focus for fintech. Showing reporting/analytics in excel. ^KT

Mobile 78

Mobile Customer Experience Lending Analytics 78

PYMNTS

AUGUST 21, 2020

The move “will enable it to capitalize on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic,” the news outlet said. Goldman Sachs, another Wall Street giant, launched its digital bank, Marcus, in 2018.

Report 173

Report Digital Banking Lending Technology 173

PYMNTS

JUNE 24, 2020

Rather than competing against neobanks, Memo Bank’s biggest competitors are online lending programs like October, the report said. The funding round was backed by BlackFin Capital Partners , along with existing investors Daphni and Bpifrance. million in 2018, TechCrunch reported. It has no physical branch.

Lending 144

Lending Online Capital Report 144

PYMNTS

MARCH 20, 2018

The “Scottish Pacific SME Growth Index,” released twice a year, found the portion of small businesses that said they would use banks for funding declined from 38 percent in 2014 to 24 percent in 2018. At the same time, interest in alternative lenders increased. Nearly half (47.6

Fintech 118

Fintech Lending Survey Innovation 118

PYMNTS

DECEMBER 12, 2017

The investment was led by GIC, a sovereign wealth fund from Singapore, as well as a host of other participants, ranging from Khosla Ventures to Ribbit Capital and others. With the newest capital raise, Levchin said, “one of the initiatives that we are going to undertake in 2018 is ‘where do we help our merchant partners more?’

Lending 100

Lending Capital Tools Retail 100

PYMNTS

MARCH 12, 2019

Chinese regulators continue to crack down on shadow and alternative lending: Their latest target is the pawn shop financing space, which is often used by small businesses for quick capital. Average loan sizes now exceed $26,000, while in the U.S., the average size of a pawn shop loan is about $100, according to the publication.

Regulation 109

Regulation Lending Capital Report 109

PYMNTS

JUNE 18, 2019

In a Series C round led by Sequoia India and Ribbit Capital, online payments firm Razorpay has notched $75 million in funding. The company is said to use the funds to grow new offerings such as its Razorpay Capital lending arm and Razorpay X neo-banking platform.

Capital 108

Capital Management Cards Lending 108

PYMNTS

SEPTEMBER 20, 2018

Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. Swimming against that tide is China-based P2P lending provider X Financial.

US 166

US Lending New York Cards 166

PYMNTS

OCTOBER 1, 2018

What does small business (SMB) lending look like? seems to be kicking off, showing evidence of surpassing traditional bank lending at many times. SMBs are too unfamiliar with alternative finance to turn to online players. In Mexico, small business lending is muted across the board. Meanwhile, in the U.S., In the U.K.,

Lending 115

Lending Survey Data National 115

PYMNTS

FEBRUARY 4, 2020

Among the most disruptive changes introduced in 2016 by the Jumpstart Our Business Startups (JOBS) Act is the opportunity for small, private businesses to raise capital via crowdfunding, adding yet another avenue to capital to the long list of traditional and alternative finance options available to small to medium-sized businesses (SMBs) today.

Lending 131

Lending Capital Strategy Millennials 131

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

AUGUST 25, 2019

Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories.

Data 109

Data Fintech Lending Regional 109

PYMNTS

AUGUST 19, 2020

Securing financing is common for small- to medium-sized businesses ( SMBs ), as 43 percent of these companies applied for fresh capital in 2018, for example. These obstacles to securing funding are driving many digital SMBs to alternative financing options, according to Abe Shak , CEO of online apparel seller The Time Store.

Fintech 131

Fintech Capital Security Online 131

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2 customer impact.

Fintech 109

Fintech FDIC Capital Community Bank 109

Jeff For Banks

DECEMBER 10, 2023

Total return includes two components: capital appreciation and dividends. I also filtered for anomalies such as recent merger announcements as a seller, turnaround situations (losses suffered from 2018 forward), mutual-to-stock conversions, and penny stocks. Well done and best of luck leveraging the ECIP capital for good! #2.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

PYMNTS

FEBRUARY 24, 2016

Share in online lender OnDeck have dropped 20 percent on the announcement that growth this year will be slower than initially forecasted. These companies have been valued as if there’s really no credit risk or capital-markets risk whatsoever. I think that’s what changed.”. percent t0 5.9

Los Angeles 100

Los Angeles Lending Online Capital 100