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

JANUARY 2, 2020

Founded in 2018 by former Santander and Atom Bank executives, the FinTech has applied for its banking license. The funding will be used to introduce B-North’s regional “Lending Pods” across Manchester in the second quarter of 2020. This latest funding adds to the €4.9 million B-North raised in previous rounds.

Lending 131

Lending Regional Study Fintech 131

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. In Fiscal Year 2018, not one of the 100 top lenders participating in the SBA’s 7(a) loan program were credit unions, reports in American Banker said last month.

Lending 129

Lending Analytics Data Security 129

PYMNTS

AUGUST 16, 2019

15) that Hong Kong authorities have reportedly opened an investigation into Chinese banks operating in the city. Unnamed sources told the publication that Citic Bank International has similarly tamed its efforts to expand investment banking operations.

Lending 148

Lending Regulation Operations Analysis 148

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. For the first nine months of 2018, net revenue for Goldman Sachs stands at $28.08

Lending 147

Lending Digital Banking Retail Branding 147

PYMNTS

FEBRUARY 7, 2019

said ZipBooks Co-Founder and Chief Operating Officer Jaren Nichols in a statement announcing research at the time. 6) said an examination of the largest banks’ tax savings found that most met or exceeded their expectations, saving a combined $21 billion from their tax bills in 2018. Overall, the top banks saw lending grow by 2.3

Taxes 122

Taxes Lending National New York 122

BankUnderground

JUNE 9, 2021

‘Zombie lending’ occurs when a lender supports an otherwise insolvent borrower through forbearance measures such as repayment holidays and temporary interest-only loans. In a recent paper , I examine whether these lending practices contributed to the subsequent low output experienced by the euro area. Belinda Tracey.

Lending 110

Lending Capital Policies Exercises 110

Bank Innovation

DECEMBER 3, 2018

Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have shaken up the banking landscape and automation has become the norm in various aspects of banking with banks like using it in the backend of credit decision-making and lending. But which Bank Innovation stories caught […].

Google 170

Google Bitcoin Lending Innovation 170

PYMNTS

MARCH 19, 2019

Grab Financial Group , the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap. Grow with Grab” is its full push into lending and insurance, the company said in the press release.

Lending 131

Lending Fintech Groups Policies 131

BankUnderground

JULY 20, 2022

In a recent paper we explore the effect on bank lending by combining data on exposure to negative rates with banks’ balance sheets, the Spanish credit register and firms’ balance sheets. This effect was especially strong for undercapitalised banks and lending to risky firms. Why might negative rates work differently?

Policies 87

Policies Lending Capital Study 87

PYMNTS

JANUARY 18, 2019

17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business grew. percent, up by about 10 basis points from the third quarter of 2018. American Express posted earnings results on Thursday (Jan. billion were below expectations $10.6

Lending 135

Lending Cards Groups Operations 135

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? Target auto-debit at 90%+ in all small business digital lending processes.

Lending 136

Lending Community Bank Community Data 136

PYMNTS

OCTOBER 2, 2018

Avant is really two businesses operating under one roof — connected in crucial ways, but separate in function. We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said.

Lending 134

Lending Alabama Online System 134

PYMNTS

JANUARY 22, 2021

22) report, wants to prevent events like the collapse of a major financier in 2018 — which continues to have effects on the financial system even now. However, others piled on risk, he said, lending long-term loans while also raising short-term cash. The Reserve Bank of India , according to the Friday (Jan.

Regulation 272

Regulation Capital Lending Groups 272

Insights on Business

FEBRUARY 7, 2018

Enter, IBM Think 2018 , the premier business and technology event of the year that underscores and emphasizes the bond between business and technology. If you look for a common theme among the financial and banking sessions, speakers, demos and client stories at Think 2018, it is disruption through agility. Real-world experience.

Las Vegas 111

Las Vegas blockchain NV Conference 111

PYMNTS

OCTOBER 4, 2017

The newswire said on Tuesday that banks based on the Continent are responsible for about 10 percent of lending to British firms. Reuters noted that banks doing the aforementioned lending are currently operating as branches but may have to seek what Reuters termed an “upgrade to fully fledged subsidiaries” after the real exit.

Lending 100

Lending Policies Meeting Regulation 100

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In addition to discussing the symposium and Data Point report in the section on “Access to Credit,” the new fair lending report discusses conducting supervisory reviews of alternative credit scoring models.

Lending 60

Lending Report Policies Compliance 60

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

Jeff For Banks

APRIL 30, 2022

The much sought after "operating account." Take a more normal rate scenario at the end of 2018, when FF stood at 2.50%. Two reasons, in my opinion: average balance per account, and operating expense per account. What does a "full relationship" mean? I thought, business loan plus a business checking account. CRE still wins.

Lending 78

Lending Massachusetts Taxes Community Bank 78

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. He said Fabric’s goal was to “change the game” in how businesses operate. Fabric launched an automatic fulfillment center in October of 2018.

Lending 130

Lending Retail Capital Operations 130

PYMNTS

DECEMBER 11, 2019

Fraud detection systems have a big problem with at least one type of lucrative scam, while blockchain is set to reinvent lending and APIs change finance. banks in 2018 that planned to provide real-time payments. 40 percent: Share of travel operators struggling to manage multiple payment service providers. 80 percent: U.S.

Payments 131

Payments Fraud blockchain Lending 131

PYMNTS

DECEMBER 8, 2019

B-North wants to disrupt the £154 billion UK business lending market. The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralized processing centers. percent in equity at a £14,247,942 ($18.7

Lending 131

Lending Regional Policies Operations 131

Abrigo

AUGUST 26, 2019

The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. Stay Up-to-Date On Lending Best Practices. The 2018 J.D. To learn more about the other lending and credit risk topics during the conference, see the agenda.

Conference 150

Conference Lending Oklahoma Alabama 150

PYMNTS

OCTOBER 30, 2018

While Alipay already works with small businesses by offering Ant Financial services that allow businesses to accept payments, the latest offerings suggest that Alipay is enhancing its presence in small businesses’ back offices in the form of financial and operational management tools.

Lending 134

Lending Tools Mobile Analysis 134

PYMNTS

FEBRUARY 7, 2019

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product.

Lending 100

Lending Regulation Online Leadership 100

Gonzobanker

OCTOBER 26, 2017

This is not to say financial institutions don’t develop talent for lending and information technology. The lending challenge is this: A great generation of lenders is getting close to retirement. Can bankers make lending something that has panache and appeal to Millennials? And who will replace them? Risky, yes.

Resources 71

Resources Training Lending Strategy 71

Bank Innovation

FEBRUARY 28, 2019

Payments company Klarna Bank AB grew revenue by about a third in 2018, but operating income fell and the speed at which merchants are signing up to the platform slowed. Klarna, which recently turned to Snoop Dogg to promote its online services, added 14,500 merchants in 2018 to its platform, down from 26,000 new merchants […].

Operations 170

Operations Online Payments Company 170

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

PYMNTS

MAY 7, 2018

That intimate level of insight could be a business advantage – if not for the fact that your entire operation runs on cash. Now, Mastercard and Unilever have announced the rollout of a digital lending platform, Jaza Duka (“fill up your store”) for micro entrepreneurs. Determining Creditworthiness. The Long Tail of Benefits.

Lending 101

Lending America System Community 101

Abrigo

JULY 5, 2020

Credit unions like Telhio Credit Union in Central Ohio had employees working around the clock to help with PPP loans, and they used an SBA lending solution that automated the origination process, as well as the forgiveness and administration phases. The SBA didn’t break out larger credit union PPP lending activity.)

Technology 195

Technology Lending Capital Meeting 195

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

FEBRUARY 26, 2020

The company already operates in Pakistan and plans to roll out in India later this year. JUMO currently has operations in Kenya, Ghana, Uganda, Zambia and Tanzania, where it works with telecoms and financial services firms to provide savings, lending and insurance services. The firm claims to have disbursed $1.8

National 132

National Fintech Lending Operations 132

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. Funding Circle.

Company 70

Company San Francisco Capital Software 70

PYMNTS

JANUARY 6, 2020

small businesses (SMBs) — 57 percent — reported revenue growth in 2018, although profits remained the same as in 2017, according to Forbes , citing the Small Business Credit Survey (SBCS). According to the survey, while revenues grew for most, the percentage of firms operating at a profit remained unchanged from the previous year’s report.

Survey 130

Survey US Capital Lending 130

PYMNTS

AUGUST 10, 2018

The biggest story this week in grocery came, as it often does, care of the new Whole Foods Market as operated by Amazon. According to Kroger’s fiscal Q1 2018 earnings report, the company’s digital sales grew 66 percent over the prior quarter, a pickup the company credited to ClickList: its buy online, curbside pickup program.

Lending 100

Lending New Hampshire Sacramento Online 100

PYMNTS

JANUARY 25, 2021

The Reserve Bank of India aims to prevent events such as the collapse of a significant financier in 2018. 55-Plus Group Lends Optimism To Travel Operators. The central bank of India wants more stringent regulations for large shadow lenders. It seeks to put non-bank financial firms into one of four categories. trillion in 2019.

United States 217

United States Regulation Payments Lending 217

CFPB Monitor

SEPTEMBER 20, 2018

Willis, who chairs Ballard Spahr’s Consumer Financial Services Litigation Group, discuss the CFPB’s findings regarding debt collection, payday loans, automobile servicing, and small business lending.

Leadership 68

Leadership Groups Lending Report 68