PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Build, buy or partner? Finastra Chosen by Community FI. payment schemes. Faster Payments scheme.

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Community Bank Community Fintech Regional 242

PYMNTS

DECEMBER 1, 2019

The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent by the end of 2020. FinTech is helping to transform daily consumer life in Nigeria and other developing markets. One recent example comes from Kuda, Nigeria’s first digital-only bank with a standalone license. .

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Fintech Mobile Examples Policies 254

PYMNTS

JANUARY 2, 2020

Founded in 2018 by former Santander and Atom Bank executives, the FinTech has applied for its banking license. The funding will be used to introduce B-North’s regional “Lending Pods” across Manchester in the second quarter of 2020. Customers will gain more flexibility and access to funds with quick credit decisions.

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Lending Regional Study Fintech 131

PYMNTS

JANUARY 18, 2021

Singapore-based FinTech Grab is mulling a U.S. Grab Financial Group offers payments and financial services including lending, insurance and retail wealth management throughout Southeast Asia. Reuters said Grab’s ridesharing business is currently breaking even, and its food delivery business is expected to do so by the end of 2020.

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Fintech US Groups Management 198

Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

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Customer Experience Fintech Regional Cards 127

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

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Fintech Customer Experience Conference Technology 167

PYMNTS

FEBRUARY 28, 2020

With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. B2B eCommerce startup Sokowatch scored a win for Kenya’s B2B FinTech community after raising $14 million in Series A funding, reports in TechCrunch said.

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Fintech Capital Lending Report 175

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

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How To Lending Software Survey 195

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Liu pointed out that the online database of the aforementioned state licensing and FinTech guidance will go live later in 2019.

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Regulation Fintech Community Bank Community 147

PYMNTS

DECEMBER 17, 2019

CircleUp’s lending platform was founded in 2017 to fill that hole and has underwritten about $300 million in loans since then. Volume will likely be up notably in 2020 as CircleUp’s lending division recently announced a $200 million funding round to expand its underwriting business.

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Lending Data Retail Capital 132

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. operations with a soft landing of customers to Varo.

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Fintech FDIC Capital Community Bank 109

PYMNTS

JANUARY 8, 2021

As Eiriz explained, the small business lending community has the opportunity, and perhaps even the obligation, to embrace collaboration and dig deeper into the entrepreneurial community in order to best serve SMBs and support the broader economy. With 2020 such a volatile year, small businesses' financials took a hard hit.

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Strategy Community Maine Lending 231

PYMNTS

SEPTEMBER 4, 2019

challenger bank B-North has tapped two FinTechs to power its small business lending and banking operations. The partnerships will enable B-North to accelerate loan processing for small business customers and allow the bank to embrace flexible infrastructure to “future-proof” its operations.

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Lending Regional Fintech Operations 115

PYMNTS

DECEMBER 8, 2019

B-North wants to disrupt the £154 billion UK business lending market. The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralized processing centers. percent in equity at a £14,247,942 ($18.7

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Lending Regional Policies Operations 131

PYMNTS

FEBRUARY 26, 2020

FinTech upstart JUMO has notched $55 million in equity and debt funding. Andrew Watkins-Ball, the South African founder of JUMO, noted that the “next phase” of the firm will have it create new offerings and bring its business to Côte d’Ivoire and Nigeria in 2020. The firm claims to have disbursed $1.8

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PYMNTS

DECEMBER 9, 2020

All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. But fast-forward to 2020, and the world is a very different place. He said that traditional banks operate one step removed from the data hub that is the point-of-sale transaction.

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Innovation Fintech Payments Regulation 306

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. Banks, of course, cannot ignore the FinTech threat. Competitive Disruption. Cybersecurity.

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Regulation Innovation Fintech Marketing 156

PYMNTS

NOVEMBER 27, 2019

The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance. The government, for instance, has set up funding meant to guarantee and encourage more lending to those smaller operations. However, that’s changing.

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Fintech Regional Regulation ATM 167

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Lending St. Louis Community Marketing 243

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Today, 22 of those companies have become unicorns, 17 have exited, and none have shuttered operations. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. First name.

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Fintech US Lending Cards 80

PYMNTS

MARCH 30, 2020

As COVID-19 saps consumer demand across all manner of verticals, and small businesses bear the brunt of a sudden disappearance of revenues, the firms that lend to those SMBs are feeling heat, too. The company is also reportedly “completely” closing down its Bangalore, India operations. staff, which has 500 employees.

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Lending FDIC Fintech Operations 151

PYMNTS

JANUARY 7, 2020

Singapore’s FinTech firm ADVANCE.AI , Hong Kong’s financial services company Sheng Ye Capital and Singapore’s firm Phillip Capital are the most recent in a series of contenders for critical business permits in Singapore. Winners will be announced in mid-2020.

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Digital Banking Capital Leadership Fintech 131

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 65% of U.K.

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Fintech Lending Fraud Cards 108

Jeff For Banks

DECEMBER 29, 2020

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 23, 2020 was 46.3%. that invests in businesses that align with the company's focus on fintech; Government Loan Solutions, Inc., This is a bank that demonstrates what I like to term operating discipline. FS Bancorp, Inc.

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North Carolina Capital Community Bank Wisconsin 147

PYMNTS

OCTOBER 8, 2019

CUs are no longer confined to operating primarily as regional players, moving beyond the confines of original charters that had limited them to, say, specific communities or employers. Traditionally, he said, CUs have been well known when it comes to auto lending, and they have been making inroads into mortgage lending.

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United States Millennials Course Lending 102

PYMNTS

APRIL 13, 2018

This week’s VC Investment Roundup demonstrates investors’ varied appetite for B2B FinTech. The funding, provided in the form of facility and equity investment, will go toward growth for the company, which said it aims to add 100,000 jobs by 2020. million investment in U.K. alternative finance player Liberis. said this week.

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Lending blockchain Capital Software 129

PYMNTS

NOVEMBER 23, 2020

Small and medium-sized businesses (SMBs) got their clocks cleaned by the pandemic, and turning to their traditional lending sources, they’ve encountered sclerotic systems and outdated policies not conceived for the needs of the recovering Main Street merchants of 2021. We no longer go to the bank,” Potter told PYMNTS. We're not connected.

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Data User Experience Fintech Lending 143

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. Ethereum’s decentralized lending and trading are floating around 2,500 daily users. Happy holidays, good people!

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blockchain Bitcoin Software Lending 52

CB Insights

DECEMBER 10, 2020

TransferWise is valued at $5B, as of July 2020. Valued at $594M, Addepar most recently raised a $117M Series E round in November 2020. Sales and trading operations within banks can be lucrative. Trumid raised a $200M Series E round in July 2020 at a $1B valuation. in net income on deposits in the first 3 quarters of 2020.

America 101

America Lending Cards San Francisco 101

PYMNTS

JANUARY 2, 2020

The Hong Kong-listed Razer created a consortium to form Razer Youth Bank with Singapore startups and Asian billionaires, including local supermarket operator Sheng Siong Holdings and early-stage tech venture capital firm Insignia Ventures Partners. Billionaire Jack Ma’s Ant, which is part-owned by Alibaba, put in a bid on Thursday (Jan.

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Digital Banking Capital Google Cards 130

PYMNTS

MARCH 26, 2020

But as of 2020, it is a subject upon which seasoned experts can disagree, in a world where traditional banks and FinTechs are operating in parallel in the market – and, in many cases, are offering similar services for consumers. But the FinTechs, Baird noted, are adapting and innovating around that issue. Baird said. “As

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Innovation Fintech Data Examples 241

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The trend is not entirely unexpected and can be attributed to the pandemic, with FinTech funding dropping by 37 percent quarter-over-quarter to $6.1 Xtracap Fintech.

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Capital Analytics Fintech Report 141

Lex Sokolin

FEBRUARY 18, 2021

The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Let’s narrow down the story to Fintech, using data from Spactrack. With a bit of Excel wizardry, we can see that the first quarter in 2021 has seen 12 Fintech vehicles, while the last quarter for 2020 was at about 8.

Capital 52

Capital Fintech US Lending 52

Lex Sokolin

FEBRUARY 18, 2021

The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Let’s narrow down the story to Fintech, using data from Spactrack. With a bit of Excel wizardry, we can see that the first quarter in 2021 has seen 12 Fintech vehicles, while the last quarter for 2020 was at about 8.

Capital 52

Capital Fintech US Lending 52

PYMNTS

JANUARY 21, 2021

As CEO Brian Moynihan said on the earnings call to discuss results: “The physical payments of cash and checks have moved to more digital forms which create operational efficiencies for us and has been a strategic initiative for many years, and one that was moved forward by the [coronavirus] crisis.”. Earlier in the month, J.P.

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Mobile Report Trends Digital Banking 252

Bank Activities

JUNE 28, 2022

Allice Bank has experienced a lending growth to more than £500 million, while deposits grew to more than £800 million during the first two years of its operations. It anticipates it will achieve £3 billion in lending to established SMEs in the upcoming years. By Zoran Temelkov June, 2022.

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Capital Lending Security Fintech 34

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. 30, 2020, to Sept. Illustration By blindSALIDA.

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Community Bank Community Lending Louisiana 144