CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Sales and trading operations within banks can be lucrative. SMB lending . Consumer deposits & savings.

America 101

America Lending Cards San Francisco 101

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

SEPTEMBER 30, 2016

B2B startups saw a little bit of everything this week when it came to venture capital. million funding round over the weekend, with the corporate expense management company seeing funding from Sabadell Venture Capital, Venturecap, Bankinter, Telegraph Hill Capital and Kibo Ventures. Alternative Lending.

Capital 100

Capital blockchain Management Lending 100

PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s talk that alternative finance is dead. Well, in the U.S.,

Lending 100

Lending US Capital Report 100

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. “In trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

PYMNTS

SEPTEMBER 25, 2020

He said to do so they must take the long-term view while being mindful of the intersection of finance, operations and the customer experience while finding new methods to measure and address pain points. CFOs get typecast more than other executives as being just debit- and credit-oriented,” Rainey told PYMNTS.

San Jose 261

San Jose Baltimore Nebraska Community 261

PYMNTS

JUNE 7, 2019

This week’s B2B Venture Capital roundup is all about data. However, the biggest funding round of the week went to a company that is not yet in the B2B FinTech space, though it has plans to use the capital to launch a cross-border, small business (SMB) money-transfer service. Catch up on the latest investment rounds below.

Data 139

Data Capital Analytics Lending 139

PYMNTS

APRIL 13, 2018

Blockchain Capital. Blockchain heavyweight Ripple made headlines this week when it announced a $25 million investment in Blockchain Capital, a venture capital firm focused on backing blockchain startups. The funding comes in the form of Ripple’s own cryptocurrency and will be used to fund startups selected by Blockchain Capital.

Lending 129

Lending blockchain Capital Software 129

PYMNTS

SEPTEMBER 21, 2018

A top corporate banking executive at Bank of America (BoA) is slated to depart the institution, according to The Wall Street Journal ( WSJ ) reports Thursday (Sept. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations. ”

America 135

America Samsung Mobile Operations 135

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Lending Focus – Interest Rate Sensitivity and Credit Accuracy.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

MAY 11, 2016

In any business endeavor, working capital is a form of oxygen. Working capital allows firms to buy parts, pay workers, ship products and wait for payment with a cushion of funding in place that can help meet unforeseen events. Recently, the firm announced a deal with Hitachi Capital America Corp.

Lending 100

Lending Capital United States Marketing 100

PYMNTS

JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership. Including net debt, the total deal is worth a reported $1.37

Lending 103

Lending United States America Industry 103

PYMNTS

DECEMBER 11, 2020

In less than two years, Costa Rica’s OMNi has gone from a modest platform with 1,000 bicycle shares in the Latin American country’s capital to become the nation’s dominant and uncontested super app. And if you go to Central America [as a whole], it is more than 50 million people.”. million people use buses every day in Costa Rica.

Industry 270

Industry Capital America Operations 270

PYMNTS

APRIL 10, 2019

. “With a rapidly changing payments landscape, we were looking for a payments infrastructure solution that could deliver on our current domestic and international payments needs and support our future growth strategy,” said BancoBASE IT and Operations Director Prudencio Frigolet in a statement. ”

Payments 134

Payments America Technology Operations 134

PYMNTS

SEPTEMBER 28, 2020

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

FEBRUARY 15, 2019

Banks should brace for more focus – at least from the European Central Bank – on capital structure and liquidity as Brexit looms and takes effect. The disclosure comes as Ed Sibley, a member of the ECB’s supervisory board, told the publication that firms such as Bank of America and Barclays will be assessed “as early as possible this year.”

Capital 108

Capital America Course Operations 108

PYMNTS

SEPTEMBER 7, 2018

Another company includes Portal Finance , which works with factoring firms, banks and large enterprises to improve working capital through enhancing SMBs’ access to finance and promoting faster supplier payments. million venture capital raise. The investment follows a $1.5

Fintech 109

Fintech Capital Lending Software 109

PYMNTS

JULY 23, 2019

The initial Vision Fund was created in 2016 after SoftBank made a deal with Saudi Arabia’s Mohammed bin Salman to have the world’s biggest buyout operation. The creation of the fund has given tech companies a way to raise billions in private capital, instead of having to go public for funds. Creditas is aiming to change that.

Lending 134

Lending Capital America Technology 134

Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing It must attract global capital and global talent. That capital yields a particular return, and must have a certain low risk profile.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

If you are a financial advisor or a trust company, you have missed out on $1 trillion in capital appreciation for your customers. And that the capital appreciation that matters?—?cementing It must attract global capital and global talent. That capital yields a particular return, and must have a certain low risk profile.

America 52

America Wyoming National Capital 52

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

PYMNTS

DECEMBER 14, 2018

Steve Madden is one retailer that publicly announced its efforts to move its supply chain operations out of China. -China trade dispute has intensified the existing trend of companies diversifying their supply chains to reduce reliance on China, allowing for other markets to benefit from increased trade activity.

Marketing 115

Marketing US Trends Conference 115

PYMNTS

JULY 21, 2017

Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. “Our new small business mobile lending experience delivers a convenient, on-the-go solution to meet the needs of today’s busy entrepreneurs,” said Sharon Miller, the bank’s head of small business banking, in a statement.

Mobile 100

Mobile America Lending Meeting 100

PYMNTS

NOVEMBER 21, 2016

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8 and Europe dominated in 2015.

Strategy 100

Strategy Lending Capital America 100

PYMNTS

APRIL 27, 2020

As Bank of America CEO Brian Moynihan said on “Face the Nation” this past week, “It’s clear that between Congress, the administration and the American people, we need to get all these funded and not make this a foot race. It also shows how hard it is to build the proverbial rocket ship while flying it. They view it as free money.”.

Columbus 149

Columbus Ohio Capital New York 149

PYMNTS

MARCH 2, 2018

Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend.

Fintech 118

Fintech Capital blockchain Lending 118

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations.

Community Bank 195

Community Bank Community Compliance CA 195

PYMNTS

NOVEMBER 22, 2019

VTEX has been around since 1999, but it hasn’t had the need to raise a significant amount of capital thus far, mostly operating off of its own revenues. . The fund has also invested in delivery company Rappi, lending outfit Creditas and tech company QuintoAndar. billion in gross merchandise value.

Software 108

Software America Regional Tools 108

PYMNTS

NOVEMBER 12, 2019

In Latin America, Colombia is a bright spot for innovation and growth within the small business ecosystem. If entrepreneurs can’t get capital from a bank, they will look for other sources.”. For instance, such informal lending means arbitrary interest rates and repayment agreements. Blurring the Debt Lines.

Lending 102

Lending Analysis America Strategy 102

Bobsguide

AUGUST 30, 2022

Fusion Mortgagebot is Finastra’s end-to-end cloud-based lending platform that maximizes operational efficiency and mortgage opportunities for lenders. The FormFree integration is available now for Fusion Originate Mortgagebot and Fusion MortgagebotLOS users in the Americas. For more information on Fusion Mortgagebot, click here.

Lending 74

Lending Fintech US America 74

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs).

Regulation 349

Regulation National System Industry 349

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K., Also in the U.K.,

Strategy 109

Strategy Fintech Capital Lending 109

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

OCTOBER 7, 2016

6) a new round of equity financing led by new investors, including Pritzker family business interests advised by The Pritzker Organization and DNS Capital. The capital raise, which follows the close of a minority equity financing round led by Goldman Sachs in Oct. The round also included existing investors.

Capital 155

Capital Innovation America Mobile 155

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. But North America surprisingly came out on top — blowing the competition out of the water with three deals valuing nearly $70 million.

Fintech 100

Fintech US Capital Community 100

PYMNTS

JUNE 7, 2019

The Series B funding round was led by Andreessen Horowitz and included existing investors Trinity Ventures and Core Innovation Capital, according to a report in TechCrunch. The aim is to bring financial services to the masses by operating a platform that lets banks and FinTechs work with developers. “We

Fintech 100

Fintech America Lending Report 100

PYMNTS

AUGUST 21, 2018

As noted in Insurance Business America , U.S. insurance giant Travelers (which operates in commercial property and personal insurance) has taken a majority stake in Canadian FinTech Zensurance , which in turn offers a platform through which corporates can buy and manage their insurance packages. With FinTech’s Aid, Lending Down Under.

Fintech 101

Fintech Lending Groups Digital Strategies 101