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.

Lending 131

Lending Regulation Capital Industry 131

PYMNTS

OCTOBER 9, 2020

million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. We are thrilled to be one of the only sources of free capital for America’s hourly and gig workers,” Nico Simko , co-founder and CEO of Clair, said in a statement on Friday (Oct. The funding was led by Upfront Ventures.

New York City 254

New York City Lending New York Fintech 254

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. Want another data point?

blockchain 139

blockchain Course Bitcoin Examples 139

PYMNTS

FEBRUARY 26, 2020

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. After the error was revealed, the bank was forced to raise $484 million in new shares.

Metro 187

Metro Report Lending Regulation 187

PYMNTS

APRIL 29, 2019

With first-quarter earnings reports rolling out, it’s time to take a look at the state of small businesses and how they fared for the first three months of 2019. middle-market in the recently released Golub Capital Altman Index. With Standish Mellon Chief Economist Vincent Reinhart expecting the U.S.’ Beyond the U.S. ,

Lending 168

Lending Michigan Community National 168

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 195

Lending Community San Antonio Survey 195

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

FICO

JANUARY 25, 2019

The additional costs and complexity for lenders when managing regulations governing mortgages. Meanwhile, the competition for established mortgage lending has intensified as mortgage system growth slowed over the last few years. The latter group typically have greater levels of lending and are very cognizant of market conditions.

Analytics 74

Analytics Lending Strategy Regulation 74

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4011 – Temporary Lending Limit Waiver. Section 4008 – Debt Guaranty Authority.

Regulation 122

Regulation United States Community Bank National 122

Abrigo

DECEMBER 2, 2021

31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. The challenge with the influx of capital is that most financial institutions don’t know how much of the money at their institutions will hang around – or for how long. Lending & Credit Risk. Consumer Lending. billion from $515.3

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. billion kronor (approximately $171 million) infusion in 2019.

Security 134

Security Groups Payments Regulation 134

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. SMB Lending Risks. percent of SMB loan applications during April 2019, for example, while 27.5

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

MARCH 31, 2020

MatchMove’s LightSpeed solution won top honors in the category “Best Payments Innovation of the Year” in the 4th Payments and Cards Awards 2019 held in Mumbai, India. It has raised $20 million to date with August One and SEEDS Capital, among others.

Fintech 168

Fintech Regional Security Lending 168

BankUnderground

NOVEMBER 27, 2020

In a recent paper , we shed new light on the consequences of this type of regulation by examining the recent UK ‘ring-fencing’ legislation. Ring-fencing came into effect at the start of 2019. How does ring-fencing affect bank behaviour?

Lending 109

Lending Retail Groups Maine 109

PYMNTS

APRIL 13, 2020

percent in 2019. In this context, the Dutch Authority of Financial Markets has turned to embracing FinTech players in the market to support SMBs, with the regulator’s latest approval going to Finturi. percent in 2018, to 59.5 “Normally the loans are too small to be profitable.”

blockchain 155

blockchain Capital Regulation Fintech 155

PYMNTS

OCTOBER 11, 2019

The Financial Times is reporting the company told investors it was “a robust, well-capitalized business,” and that “we want to give you some reassurance that we are focused” in terms of recent difficulties. It typically takes a few days to sell loan parts, but the duration has stretched into about four months since the beginning of 2019.

Capital 122

Capital Lending Regulation Retail 122

CB Insights

FEBRUARY 20, 2020

GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. Latin American fintech companies are creating products aimed at rethinking banking, lending, and payments in the region. 2019 saw 78 unique investors and 128 fintech startups raise funding.

America 96

America Marketing Fintech Regional 96

PYMNTS

NOVEMBER 1, 2019

The third quarter of 2019 saw decreased revenue for meal kit subscription service Blue Apron , which is aiming to gain new ground. New and past investors participated in the round, with the inclusion of PayPal, Soros Capital Management, JS Capital Management and others. Trending: The Rise of Instant Payments in Lending.

Payments 100

Payments Lending Fraud Capital 100

PYMNTS

JUNE 24, 2020

Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. Capital One was one of the earlier disrupters,” Janardana said.

Security 215

Security Capital Cards Report 215

PYMNTS

FEBRUARY 5, 2019

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. Instead of potentially paying higher fees over a longer period of time, consumers just have bills they can’t pay. ”

Washington 178

Washington Kansas City Lending Kansas 178

PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital. On Thursday (Oct.

Regulation 100

Regulation Taxes Maine Capital 100

Abrigo

NOVEMBER 11, 2019

An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. Over the last six years, that rate has risen less than 175 basis points to 1.83% (as of October 2019). Using ALM to grow earnings and capital.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

SEPTEMBER 19, 2019

Bank lending to business has hit its l owest level in two years. percent decline in the growth rate of business lending, while small-and-medium size businesses saw their rates remain static at.8 trillion), up from £800 billion in early 2019. . Lots have happened. Retail sales in the U.K. Large companies saw a 4.2

Case Study 181

Case Study Lending Regulation Study 181

FICO

OCTOBER 4, 2021

Home Credit, a group which lends to underserved customers with little or no credit history in nine markets in Europe, Russia, India and Asia, increased lending volumes and profitability while maintaining the same default rates, despite increased competition in the market and regulation that impacted the capital available for lending.

Lending 52

Lending Video Analysis Data 52

PYMNTS

MAY 29, 2019

Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly in the context of student loan financing. On the startup side, the best-known and best-funded player in the space is the Lambda School , founded in 2017.

Arizona 148

Arizona Lending Comparison Capital 148

Bank Activities

JULY 5, 2022

The Aussie neobank Volt announced that it would close its deposit-taking business operations due to its failure to raise sufficient levels of capital during the pandemic. The Australian Prudential Regulation Authority (APRA) is monitoring the closure of Volt and the process of returning deposits to its customers.

Operations 36

Operations Regulation Lending National 36

CFPB Monitor

APRIL 11, 2022

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Connecticut 78

Connecticut Company Regulation social media 78

Abrigo

NOVEMBER 9, 2022

Compare this to Abrigo’s 2019 CECL Survey responses, when no banks or credit unions had completed adoption, and less than 7% of all institutions were running parallel allowances. Use a software tool [and] ensure your auditors and regulators are in the loop on progress.” CECL Regulation. Lending & Credit Risk.

Survey 195

Survey Software Resources Meeting 195

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 68

Lending Study Marketing Capital 68

PYMNTS

JULY 16, 2019

On the lending front, the bank’s loan balances as Q2 came to a close came in at $949.9 billion from the first quarter with increased activity in real estate, credit card and automobile lending all pushing growth. Whomever is chosen, Wells Fargo’s regulators will need to sign off on the pick. billion, up $1.6

Lending 100

Lending Leadership Trends Report 100

PYMNTS

JANUARY 8, 2019

Singtel’s Dash is bringing remittance services to Myanmar by teaming up with the United Nation’s Capital Development Fund (UNCDF), the company said in an announcement. With the investment, which is from Investa Wahana Group, the company seeks to invest in possible acquisitions, strategic investments and peer-to-peer lending.

Regional 128

Regional blockchain Mobile United States 128

Independent Banker

OCTOBER 31, 2021

Regulators implement ICBA-supported three-year transition. June 4, 2019. The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. When they do adopt, it will require a bigger reserve and immediately deplete regulatory capital on day one.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

OCTOBER 30, 2019

. “While adoption for consumer accounts is enhanced through regulatory drivers, adoption for business accounts is based on market interest,” she stated in her presentation at the Association for Financial Professionals’ AFP 2019 event. Open Banking Targets Corporates.

Lending 102

Lending Fintech America Data 102

CB Insights

FEBRUARY 20, 2020

All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. Click to enlarge. .

Fintech 80

Fintech US Lending Cards 80