Chris Skinner

AUGUST 15, 2019

Things we’re reading today include … Microfinance is driving many Sri Lankan borrowers to despair Malaysia charges 17 Goldman Sachs executives The chilling economic effects of Brexit uncertainty are intensifying Metro top and RBS bottom in banks’ customer ratings Countries most exposed to climate change face higher costs of capital (..)

Metro 172

Metro Capital 172

PYMNTS

OCTOBER 23, 2020

Capital One reported on Thursday (Oct. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64 Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64

Capital 175

Capital Report Cards US 175

PYMNTS

NOVEMBER 22, 2020

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. billion through the same date in 2019. billion through the same date in 2019.

Capital 188

Capital Policies Massachusetts Boston 188

Bank Innovation

DECEMBER 19, 2019

The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central bank. Certain bank transactions were delayed after ACH — which stands for the automated clearinghouse system — experienced delays but it is now up and running.

System 243

System Payments Capital Compliance 243

Accenture

MAY 30, 2019

Credit card volume and receivables continue to grow amongst the top issuing banks for the first quarter of 2019; however, the growth rate of each has been slowing compared to prior years. Chase, Capital One and Synchrony continue to lead issuers with purchase volume growth of over 8 percent YoY?. Issuer scorecard ($billions)—Q1 2019.

Cards 158

Cards US Taxes Apple 158

PYMNTS

JULY 30, 2019

A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached. Capital One revealed the massive data breach in a news release on July 29, 2019.

Capital 219

Capital Seattle United States New York 219

Chris Skinner

SEPTEMBER 18, 2019

Things we’re reading today include … Cash strapped students targeted as money mules U.S.

Metro 179

Metro Capital Cards Marketing 179

American Banker

JULY 11, 2023

The announcement resolves the final outstanding order between Capital One and prudential regulators over its 2019 cyber incident.

Capital 36

Capital Regulation Compliance Data 36

PYMNTS

JULY 23, 2020

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. Before the pandemic, Citi spoke with PYMNTS about the new challenges faced by supply chains with other global crises like 2019’s trade wars.

Capital 178

Capital Mobile Company America 178

PYMNTS

JANUARY 6, 2020

Numerous unicorns were among the hundreds of Chinese tech firms that toppled in 2019 as the economy soured and startups went through piles of cash, The Financial Times (FT) reported on Monday (Jan. The tech closures come as a funding shortage has investors wrestling with the end of a venture capital (VC) boom. . billion ($2.5

Capital 132

Capital Regulation Company Report 132

PYMNTS

DECEMBER 7, 2020

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. Afterpay topped $2 billion in November sales, more than double its sales during the same period in 2019.

Capital 184

Capital Cards Millennials Regional 184

Accenture

AUGUST 20, 2019

For the third straight quarter, Chase, Capital One and Synchrony led all issuers in purchase volume growth (over 10 percent YoY). 3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover 4 YoY = Year-over-year change versus 2Q18. Issuer scorecard ($billions)—Q2 2019.

US 150

US Cards Capital Apple 150

Bank Innovation

MARCH 14, 2019

When it comes to innovation, banks in 2019 should look to partner first, buy second and lastly build, Jeremy Balkin, head of innovation at HSBC Bank USA said at BI Ignite 2019 in Seattle earlier this week. It makes more sense for banks to make a strategic investment in fintech companies than to try and build […].

Innovation 231

Innovation Seattle Fintech Company 231

PYMNTS

MAY 11, 2020

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141

Capital Mobile User Experience Groups 141

PYMNTS

JANUARY 1, 2019

A robust supply of private capital reportedly is one of the main reasons for that, along with corporate cultures that are averse to public markets. But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs.

Payments 223

Payments social media Analytics Capital 223

Abrigo

DECEMBER 31, 2019

Key Takeaways Risk management practices were on the minds of bankers in 2019 Some of the most popular blog posts of 2019 were about stress testing and CECL. Risk management practices were in the spotlight in 2019. The post 2019’s Most Popular Blog Posts about CECL & Portfolio Risk appeared first on Abrigo.

Risk Management 150

Risk Management Analysis Management How To 150

Bank Innovation

JANUARY 3, 2019

But was it all just setting the scene for an even busier 2019? Acquisitions, partnerships and the roll-out of various new products and services made 2018 a very active year in banking and fintech. Here are Bank Innovation's 5 companies to watch this year, selected by editors' choice, in no particular order: PayPal This payments […].

Company 186

Company Fintech Innovation Payments 186

PYMNTS

MAY 18, 2020

Tide Capital, now accredited as a lender , will have the authority to distribute loans between £2,000 and £50,000 during the coronavirus pandemic to struggling businesses. Tide Capital CEO Oliver Prill said he was glad the company could now offer such services during the pandemic. “We Under the BBLS, the rate of interest is 2.5

Capital 145

Capital Cards Management Company 145

Bank Innovation

DECEMBER 31, 2018

Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase. It was a tough year for cryptocurrencies.

cryptocurrency 218

cryptocurrency Bitcoin Capital Marketing 218

PYMNTS

DECEMBER 29, 2019

business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection of the slowing industrial economy. banks this year, with very little capital expenditure (capex) coming through the pipeline, according to bank analyst Brian Klock of Keefe, Bruyette & Woods.

US 132

US Capital Lending Industry 132

PYMNTS

JUNE 10, 2020

The BlackRock-led group is injecting capital into Trustly at a time when the company is building out its network, which enables merchants to accept bank transfers with the same ease as they now take credit card payments. Trustly had revenue of more than $147 million in 2019, according to Nordic Capital’s website.

Capital 131

Capital Groups California Online 131

PYMNTS

FEBRUARY 26, 2020

As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. In a call with analysts, CEO and Founder Julie Wainwright noted that the company generated a GMV of $1.008 billion for the full year 2019. reported a contribution profit per order of $19.72 and buyer acquisition cost (BAC) of $114 for the year.

Groups 130

Groups America US Marketing 130

Bankelele

APRIL 9, 2019

The 16th annual conference of African Private Equity and Venture Capital Association (AVCA) was held from 1st -3rd April 2019 at the Radisson Blu Hotel in Nairobi. This flagship conference event for the African continent had a fantastic kick-off and turnout, bringing together private equity and venture capital investors […].

Conference 57

Conference Capital 57

Bank Innovation

OCTOBER 25, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 25, 2019.

UX 170

UX Capital Fintech Video 170

PYMNTS

AUGUST 1, 2019

Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. While customers of Capital One’s commercial banking division were not affected, reports noted that small business customers were affected by the breach.

Capital 122

Capital Data Cards Seattle 122

PYMNTS

JANUARY 6, 2020

In venture capital, funding can start as a trickle and then wind up as a flood. InnoVen also reported that early-stage startups saw a 22 percent jump in 2019 in the deals they attracted. The data shows that Sequoia Capital was active in the most funding rounds, with participation in 50 investments or co-investments.

Fintech 132

Fintech Capital Strategy Report 132

PYMNTS

DECEMBER 29, 2019

The financial startup plans to raise between £50m and £100m in early 2020, amplifying an earlier June 2019 deal that netted Monzo £113m. million customers in 2019, offering those users a mobile app bank account and a distinctively-colored coral credit card. Monzo , founded by entrepreneur Tom Blomfield, acquired 3.5

Capital 143

Capital United States Digital Banking Online 143

BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 96

Capital Policies Tools Regulation 96

PYMNTS

DECEMBER 24, 2019

But in business, money is oxygen, and when the flow of money, from venture capital and private equity firms, or investment from companies willing to commit research and development dollars to a sector starts to dwindle, then several projects do not make it beyond concept to the land of reality.

blockchain 139

blockchain Course Bitcoin Examples 139

Bank Innovation

FEBRUARY 5, 2019

According to a recent poll conducted by Bank Innovation, the idea that fintech partnerships will be on the rise in 2019 compared to subsequent years, is gaining popularity. There are startups that want to destroy banks and startups that want banks to buy their software, as Bank Innovation has previously reported.

Innovation 186

Innovation Fintech Software Report 186

PYMNTS

FEBRUARY 12, 2019

But in 2017, the company took in capital at a valuation of $1.25 The company is seeking a debut in the latter half of the year, The Wall Street Journal reported. According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion.

Exercises 211

Exercises New York Report Capital 211

PYMNTS

DECEMBER 31, 2019

Welcome, then, to the Top Data Breaches of 2019. Goodbye, then, to 2019, and as 2020 dawns, unfortunately, there’s no reason to expect the battle against the hack attacks is going to get any easier. It’s the list no one likes to be on. The readings are pretty grim. At a high level, the numbers are staggering. Thousands of breaches.

Data 145

Data social media Security Report 145

PYMNTS

NOVEMBER 26, 2019

TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. This is the digital bank’s fourth acquisition of a working capital loan portfolio. The company was recently ranked 121 on the 2019 Inc. 5000 fastest-growing companies list.

Capital 130

Capital Fort Worth Dallas Lending 130

PYMNTS

JANUARY 2, 2019

Recent Capital One research also uncovered how sluggish mobile payments adoption has been in the corporate setting. We think 2019 will be a crucial year for this sector. ” What’s Next In 2019. But so far, mobile B2B payments have been slow to take off. ”

Mobile 211

Mobile Cards Samsung America 211

PYMNTS

JANUARY 7, 2021

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

JANUARY 23, 2019

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. billion, a jump Capital One said was mainly due to a 65 percent increase in marketing expenses. Capital One takes over for Synchrony Financial , which had a nearly 20-year relationship with the retail chain.

Capital 156

Capital Cards Branding Conference 156

PYMNTS

JANUARY 2, 2019

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. According to Yingcan Group, by the end of 2019, there will only be 300 P2P lenders remaining. The P2P lending market in China has been rife with scams and controversy for some time now.

Lending 153

Lending Marketing Regulation Groups 153