PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. While the company will continue to operate in the asset management and general insurance spaces, Reliance shrunk its footprint by lowering its ownership in Reliance Nippon Life Asset Management from about one quarter to just over 4 percent.

Capital 109

Capital Lending Regulation Operations 109

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. Operating costs are up, and spot pricing is down.

Company 123

Company Study Capital Operations 123

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

Capital 108

Capital Marketing Utah Taxes 108

PYMNTS

DECEMBER 28, 2018

bank branches in 2017 “reflects the industry’s ongoing evolution to serve customers more effectively while reducing operating costs.”. Glover spoke with PYMNTS again about how this trend will carry into 2019 and what technologies might be able to help banks strike the balance. In 2019, it is about ensuring the FI has the right?

Fintech 177

Fintech Customer Experience Tools Technology 177

PYMNTS

DECEMBER 20, 2019

That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019. Tons of capital was raised and spent on new systems and processes. “It was the best of times, it was the worst of times.” These are hard to fake, which is great, but it’s not exactly seamless.

Mobile 131

Mobile Fraud New York City Metro 131

Bank Innovation

MARCH 19, 2019

Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank. Most [virtual assistants] are chasing reactive customer questions,” Dodelin told Bank Innovation. “We

Training 170

Training Capital Taxes Innovation 170

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

JULY 30, 2020

The company almost doubled its revenue and profit numbers while spending more than $9 billion on capital improvement projects. Among those numbers: Operating cash flow increased 42 percent to $51.2 billion for Q2 2019. billion in second-quarter 2019. Operating income increased to $5.8 billion compared with $36.0

Online 238

Online Capital Operations Video 238

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

Capital 231

Capital United States Analytics America 231

Insights on Business

MARCH 12, 2019

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). It becomes effective in 2022, but banks should now, more than ever, implement the proposed changes in order to meet the deadline for reporting their Pillar I capital under the new methodologies.

Capital 79

Capital Regulation Strategy Operations 79

PYMNTS

SEPTEMBER 29, 2020

Stripe led the round, and existing investors Y Combinator and Global Founders Capital participated, alongside a new investor, Bedrock Capital. The company launched in 2019 and had a seed round then for $2.7 Filipino online payments platform PayMongo has come off a funding round with $12 million, according to a press release.

Payments 300

Payments Capital Online Meeting 300

PYMNTS

DECEMBER 7, 2020

Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues.

Capital 356

Capital Online Tools Lending 356

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

Millennials 145

Millennials Lending System Data 145

PYMNTS

JANUARY 22, 2021

One proposition is a 9 percent core capital requirement on the top tier, akin to banks. Middle-layer non-bank lenders would follow a board-approved policy on capital adequacy, and upper-layer shadow financiers would follow exposure rules like those big banks follow. It will only let them take on a limited amount of leverage.

Regulation 272

Regulation Capital Lending Groups 272

PYMNTS

DECEMBER 15, 2020

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec.

California 220

California Hawaii Arkansas Nevada 220

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

Conference 170

Conference Fintech social media Operations 170

PYMNTS

JANUARY 25, 2021

In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Dropbox leader Adrienne Gormley will become the chief operating officer. The mobile digital-only bank now has over 5 million customers, more than twice the number of users than it had in early 2019. Following the U.K.’s

Fintech 254

Fintech Operations Tools Capital 254

PYMNTS

SEPTEMBER 30, 2020

“We believe demand by small businesses seeking access to unsecured capital will be at unprecedented levels because most businesses have already accessed the government-backed business loan programs in the U.K. The FinTech has been operating in those markets for over 12 years. “It and Australia market,” said Goldin in the release.

Fintech 210

Fintech New York Capital Lending 210

PYMNTS

NOVEMBER 26, 2019

Banks have to regularly report financial data to make sure they’re operating within the law, and to make sure they have buffers against market shifts in terms of risk and capital. The bank added that the returns did not provide a reliable picture of how much capital Citigroup had, or the amount of liquidity as well.

Report 191

Report Capital Regulation Meeting 191

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

Bank Innovation

JANUARY 2, 2019

It's the beginning of a new year, and naturally new trends will take shape. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

Trends 218

Trends Fintech cryptocurrency Payments 218

Perficient

JULY 12, 2022

With an increasing comfort with digital technology within financial services, firms must challenge traditional operating models and leverage digital tools to create an authentic relationship and earn (and retain) trust. population is considered Millennial or younger, as of July 2019) , the demand for personalization grows.

Industry 294

Industry Branding Customer Experience Marketing Automation 294

PYMNTS

JANUARY 6, 2020

Gan Chee Yen, chairman-designate of the consortium, told Deal Street Asia the consortium “represents the combined strengths of some of Singapore’s most established companies” and would work to cater to the needs of digital natives, the gig economy, the silver generation and SMBs operating in different industries.

Digital Banking 130

Digital Banking Groups Capital Industry 130

PYMNTS

FEBRUARY 26, 2020

The acquisition does not include the G4S Retail Cash Solutions business or the cash operations in South Africa, the U.K. This transaction represents our largest acquisition to date and further demonstrates our disciplined approach to value-added capital allocation,” said Doug Pertz, president and CEO of Brink’s.

Virginia 175

Virginia New York Operations Capital 175

PYMNTS

JULY 6, 2020

Last week, Luckin completed the investigation that blamed the company’s former CEO and chief operating officer for inflating the embattled Chinese java giant’s revenue and expenses by hundreds of millions of dollars. Just 11 months later, Luckin announced more than $300 million of its 2019 sales were fabricated.

Report 162

Report Operations Meeting Capital 162

PYMNTS

JUNE 22, 2020

Our cloud-based platform empowered our customers to quickly and safely move their employees to work from home with no disruption to their operations,” nCino Co-founder and CEO Pierre Naudé wrote in a letter to investors announcing the IPO. “We percent of total revenues) in 2019 and $38 million (65.4 million, or 74.7 million (70.4

North Carolina 150

North Carolina Capital Software Security 150

PYMNTS

NOVEMBER 22, 2020

But over the summer, corporate cards were able to help alleviate some of the financial burden of the pandemic in areas where businesses couldn’t operate at full capacity. Mastercard also rolled out a service to help with working capital and automation.

Cards 221

Cards Payments Innovation Regional 221

PYMNTS

NOVEMBER 10, 2020

Nigeria-based Kuda , which operates its own mobile-first challenger bank, now has $10 million after a funding round in what TechCrunch reported is the biggest seed round ever raised in Africa. Kuda launched in 2019 and has since racked up almost 300,000 customers, including some small businesses as of late, the report stated.

Mobile 186

Mobile Capital Report Management 186

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

APRIL 9, 2019

Jack Allen, an economist at Capital Economics, told the news outlet that the latest survey by the European Central Bank suggests growth will stay weak, which could prompt action by the central bank. The lack of interest in loans on the part of businesses is another data point showing the economic growth in the eurozone is slowing.

Lending 100

Lending Policies Survey Report 100

PYMNTS

JANUARY 24, 2021

In 2019, criminal activity constituted 2.1 in January of 2018, and after that, an underground operation emerged, in which the yen were exchanged for other digital currencies on a dark website. Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. billion in transfers. But that number dropped to 0.34

Bitcoin 234

Bitcoin Marketing cryptocurrency Cards 234

FICO

JUNE 23, 2020

Grupo Fleury, one of Brazil’s largest diagnostic medical companies, has further refined its demand planning management tool known as the Fleury Forecaster built on the FICO® Xpress Platform to optimize its operations and reduce the time taken to create sales forecasts from one month to half an hour. by Nikhil Behl.

Operations 52

Operations Analytics Resources Management 52

PYMNTS

NOVEMBER 12, 2020

Bloomberg noted that although the private-label credit card market has grown to $191 billion, Wells Fargo still lags behind major players such as Synchrony Financial, Citigroup and Capital One Financial. percent in 2019 and its share of borrowings at 3.63 Others are operating in a less constrained way.”.

Cards 285

Cards Conference Groups Report 285

PYMNTS

MAY 5, 2020

“Almost overnight, our company went from being on the eve of accomplishing an unprecedented milestone, the first next-generation micromobility company to reach profitability, to one where we had to pause operations in 99 percent of our markets worldwide to support cities’ efforts at social distancing,” he wrote. .

Report 168

Report Company Capital Operations 168

PYMNTS

JULY 14, 2020

The company, which operates in the U.S., Given the ongoing impacts from COVID-19 and the uncertain global economic conditions, we have continued to focus on preserving capital and maintaining a strong balance sheet.”. billion in 2019, a 112 percent increase. Afterpay Ltd. , Total sales were $11.1

Millennials 188

Millennials Capital Trends Report 188

PYMNTS

NOVEMBER 1, 2020

France, along with the other 15 eurozone countries, has ordered the closing of restaurants, bars and shops deemed non-essential, although factories will be allowed to operate. The latest round of shutdowns comes amid a spike in COVID-19 cases in the eurozone and following a sharp rebound in the region's economy. Amazon on Thursday (Oct.

Retail 206

Retail Regional Policies Operations 206

PYMNTS

JANUARY 31, 2020

as well as venture capital operations powered by Massachusetts Mutual Life Insurance Co., billion was invested into InsurTech companies in the first three quarters of 2019, per Willis Towers Watson Plc. Transamerica and Axa SA. The company, which launched in 2014, has $60 million in annual revenue, Bloomberg reported.

North Carolina 141

North Carolina Massachusetts Capital New York 141