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How PSD2 Will Change Lending

PYMNTS

While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting. Bulgaria, for example, is moving quickly to implement the GDPR regulation for data transparency, with the country’s parliament passing amendments in early 2019.

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CA Denies Lending License For BNPL Firm Sezzle

PYMNTS

Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending license from California. Sezzle’s shares fell considerably on Thursday, taking the company’s worth to approximately $131 million, around 40 percent less than its worth in July 2019 during its IPO.

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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. For banks, including relatively large banks, Goldstein noted, entering into personal lending markets is daunting, even if it is appealing from a variety of standpoints.

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The 2019 GonzoBanker Awards

Gonzobanker

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

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Singapore’s Credify Raises $1M To Expand Into Southeast Asia

PYMNTS

Credify, which was founded in 2019, said it plans to use the money to expand further into Southeast Asia , to continue with product development and to push forward with live client engagements. The region also experiences some of the highest fraud rates, in both finance and eCommerce. An average of 1.6

Regional 171
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FinTech MatchMove To Acquire Stake In eCommerce Firm Shopmatic

PYMNTS

With the investment, MatchMove, which is also based in Singapore, will be able to extend its “banking-as-a-service” wallet capability to Shopmatic’s ecosystem spanning over 435,000 eCommerce small and medium-sized businesses (SMBs) and individual entrepreneurs across the region.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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