South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. IT is spending as a percentage of revenue compared to years past, like 2019, when banks did not invest enough in IT, and 2020, when banks had to spend more than revenue growth allowed because of the pandemic. and 11.1%, with a median of 8.1%

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Capital Operations Customer Experience Comparison 195

PYMNTS

NOVEMBER 20, 2019

B2B eCommerce and supply chain management platform GoExpedi has announced a $25 million funding round led by Top Tier Capital Partners. CSL Ventures, Crosslink Capital, Bowery Capital, Blue Bear Capital and other existing investors also participated in the Series B round, GoExpedi said in its press release on Wednesday (Nov.

Technology 101

Technology Capital Industry Analytics 101

PYMNTS

AUGUST 23, 2019

Credit card startup Brex announced it is teaming with the Magento Technology Partner program, which is part of Adobe , in a press release Thursday (Aug. This partnership is part of a growing list of technology vendors on the Magento commerce platform. billion.

Technology 124

Technology Cards Capital Online 124

PYMNTS

SEPTEMBER 4, 2019

And yet, Supply Chain Dive reported this week that the number of trucking companies that have shuttered has more than tripled so far in 2019 to 640 trucking companies, according to data from Broughton Capital. “It’s a societal problem.”. Operating costs are up, and spot pricing is down.

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Company Study Capital Operations 123

PYMNTS

NOVEMBER 20, 2020

Chromo Capital co-led the deal. Also participating were Perry Capital, founded by Richard C. Perry, and new fund Bramalea Partners, launched by Andrew Boyd, former head of global equity capital markets at Fidelity Investments.

Capital 253

Capital Online Industry Strategy 253

PYMNTS

NOVEMBER 24, 2019

GoExpedi , an eCommerce, supply chain and analytics startup, has raised $25 million in Series B funding led by Top Tier Capital Partners. CSL Ventures, Crosslink Capital, Bowery Capital, Blue Bear Capital and other current investors also participated in the round. managing director at Top Tier Capital Partners. “In

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PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Managing Spend in a Sector Where Unplanned Expenses Are the Norm. Kobe Bryant, who died on Sunday (Jan.

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Cards Technology social media Meeting 131

PYMNTS

APRIL 14, 2020

Venture capital funding is starting to bounce back in China after the coronavirus triggered a slowdown in what was already a stagnant climate for startups, according to a report in the Financial Times on Monday (April 13). Valuations are a lot more reasonable now,” said Zhao Chen, managing partner at startup accelerator Plug and Play China.

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Capital Data Meeting Technology 166

PYMNTS

MARCH 31, 2020

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon said Emmanuel DeSousa, managing partner at Princeville Capital, joined its board following the transaction. million, according to Reuters.

San Francisco 189

San Francisco Capital Retail Online 189

CB Insights

NOVEMBER 19, 2020

As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.

Capital 101

Capital blockchain Marketing San Francisco 101

PYMNTS

FEBRUARY 16, 2020

SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last year’s $1.6 SoftBank has so far earmarked $100 million to $150 million to fund 17 companies and two venture capital firms. . In addition, it will continue direct investments in venture capital firms.

Fintech 174

Fintech America Regional Capital 174

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. The Two Faces Of Consumer Credit.

Millennials 145

Millennials Lending System Data 145

PYMNTS

MARCH 1, 2020

Accolade capitalizes on machine learning, artificial intelligence (AI) and mobile apps to enable members to easily traverse their health care benefits. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. Book running managers were Credit Suisse, Piper Sandler and William Blair.

Mobile 165

Mobile Philadelphia Seattle Washington 165

PYMNTS

APRIL 8, 2020

Hewlett Packard Enterprise (HPE) is turning to its financial services unit to extend over $2 billion in financing and programs to assist business customers with cash management issues amid the global pandemic. . But while they are looking to preserve cash, they also have technology needs due to work from home and online business expansion.”.

Payments 238

Payments America Management Technology 238

Abrigo

APRIL 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. trillion between 2019 and 2022. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. The market surged to as high as $2.4

Lending 243

Lending St. Louis Community Marketing 243

Perficient

JULY 12, 2022

Across financial services – industries such as banking, wealth management, and insurance – the need for greater personalization has been a theme for several years. The connection between technology and consumers in financial services has never been more relevant. As digital natives begin to make up the majority of the U.S.

Industry 294

Industry Branding Customer Experience Marketing Automation 294

PYMNTS

JUNE 29, 2020

IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We Arison said the move was about adding capital to scale the company. Securing that capital is even more complicated than the IAC merger.

San Francisco 245

San Francisco Metro Online Capital 245

PYMNTS

MARCH 28, 2019

We believe that the tech giants, including Google and Amazon, are in the best position to advance the state of the technologies [mentioned above], given their scale and level of investment,” she said. Amazon’s Alexa Fund was one of the investors in Jargon’s seed round, joined by Ubiquity Ventures and Crosslink Capital.

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Management Google Tools Seattle 115

PYMNTS

NOVEMBER 25, 2020

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. billion in the first three quarters of 2020, which is 20 percent more than the same period in 2019. Companies that did get funding received only 0.9 percent of total monies raised. .

Fintech 288

Fintech New York Innovation Industry 288

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . These are are the 2019 payment trends that made the most significant impact and promise to make even more substantial impacts in the new decade. Did Blockchain Peak In 2019?

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Taxes Mobile Management blockchain 101

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

Fintech 201

Fintech Capital Groups ATM 201

PYMNTS

NOVEMBER 10, 2020

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We The state-owned eWallet platform launched in Jakarta in July 2019 as more that 90 percent of Indonesia’s 264 million residents started using smartphones.

Fintech 203

Fintech Maine Course Capital 203

PYMNTS

APRIL 19, 2019

A new report has revealed that investments in digital health startups fell 19 percent in the first quarter of 2019. Data from Mercom Capital Group showed that investors put $2 billion into digital health startups during the first quarter of the year, less than the nearly $2.5 billion invested one year ago.

Analytics 122

Analytics Capital Groups Data 122

PYMNTS

SEPTEMBER 2, 2020

The Montreal-based payment technology company was valued at $2 billion at the close of 2019. The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc. and RBC Capital Markets. Nuvei Corp.

Payments 229

Payments Fintech Security Technology 229

Bobsguide

APRIL 12, 2022

Dublin, 1 April 2022: Leading Irish private equity firm, Melior Equity Partners, has agreed an investment in Salmon Software, a fast-growing financial software business that provides customers with a world-class treasury management software system.

Software 147

Software System Management Groups 147

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

Abrigo

JUNE 14, 2021

In 2019, OFAC issued new guidance on the essential components of a strong OFAC compliance program. Management commitment As with any compliance program, one of the most important aspects of a strong SCP is a “culture of compliance,” from the top, to the middle, to the front line. persons Exporting or re-exporting U.S.-origin

Compliance 370

Compliance Training Resources Policies 370

PYMNTS

OCTOBER 23, 2020

This week's B2B Venture Capital roundup saw more than $76 million in new funding. The startup, which raised the funding from angel investors including Southern Water Managing Director Rob Barnett, EV Cargo CEO Craig Sears-Black and Lyre's Spirit Co. CEO Carl Hartmann, was founded amid the pandemic as supply chain risks skyrocketed.

San Francisco 158

San Francisco Compliance Capital Management 158

PYMNTS

FEBRUARY 7, 2020

The decline of WeWork over the last year has had ripple effects, depressing investor confidence in the entire brand of property technology (PropTech), to which WeWork belongs. The focus for investors could shift away from PropTech, and more onto technological innovations that could shake up the real estate industry, according to Block.

New York 150

New York Technology Company Industry 150

PYMNTS

AUGUST 23, 2020

Palantir Technologies Inc., and Unity Technologies Inc. At the time, DoorDash said its valuation was $13 billion at the close of 2019. The startup raised about $2 billion from investors, including SoftBank and venture capital firm Sequoia Capital. Snowflake Inc., also plan to debut as public companies this year.

San Francisco 153

San Francisco Capital California Community 153

Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Top down and bottom up analysis can inform capital assessments. Stress testing can put a burden on smaller financial institutions, but today's technology "levels the playing field.". Now that's big. Learn More.

Lending 150

Lending Risk Management Analysis Capital 150

PYMNTS

NOVEMBER 20, 2019

billion user records have been exposed in the first half of 2019, and more than 20 breaches are reported every day. I think one of the key learnings is that we actually need to take a step back before leveraging these new technologies,” Llewellyn said. FIs’ fight against fraudsters is growing ever more complex.

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Fraud Data Management Analytics 117

PYMNTS

OCTOBER 22, 2020

The Hong Kong sale is being managed China International Capital Corp. , Citigroup , J.P. billion sold on each, which would be 11 percent of its enlarged share capital before a 15 percent greenshoe or over-allotment option is utilized. percent jump from 2019, Reuters reports. Morgan and Morgan Stanley. billion yuan.

Groups 175

Groups Capital Regulation Fintech 175

Insights on Business

FEBRUARY 6, 2019

Around the world, financial institutions and the regulatory bodies who govern them are awakening to the potential applications of technology in financial crime prevention. While this has long been a promise of technology providers in this area, it is now finally, coming to fruition. General Manager. Alistair Rennie.

Analytics 79

Analytics Compliance Innovation Management 79

PYMNTS

JUNE 22, 2020

nCino, which was founded in 2012, said it will use the proceeds of its stock sale to purchase additional office buildings, and may also use a portion to acquire, invest in or obtain rights to complementary technologies, products, services or businesses. . percent of total revenues) in 2019 and $38 million (65.4 million, or 74.7

North Carolina 150

North Carolina Capital Software Security 150

Bank Innovation

FEBRUARY 19, 2019

Community Capital Technologies, Denizen Financial, Diro Inc., The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

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Innovation Community Capital Fintech 240

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Hoesley also previously led the midwest region for Silicon Valley Bank, and was a partner at Prism Capital, a middle-market provider of venture capital and mezzanine debt.

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Groups Innovation Capital Leadership 116