Bank Innovation

MAY 8, 2019

Having spent a lot of time attending to retail customers, banks are now trying to digitally transform their wealth management and commercial lending businesses. In the process, banks hope retail customers will buy these non-retail products.

Lending 277

Lending Retail Innovation Management 277

PYMNTS

MAY 2, 2017

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Drilling down a bit into the Puerto Rico market in particular, Arora noted some differences between small business lending versus, say, the United States.

Puerto Rico 118

Puerto Rico Lending Online United States 118

Bank Innovation

MARCH 28, 2016

Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More. Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer.

Big Data 150

Big Data Online Lending Data 150

PYMNTS

JULY 29, 2019

With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies starting in June 2020. The press release also noted that “First Data will be an important service provider supporting Bank of America’s global payment solutions.”.

Data 176

Data America Strategy ATM 176

PYMNTS

NOVEMBER 15, 2020

The deal, the report stated, would result in a bank with over $550 billion in assets and the fifth-largest retail bank in the country. Morgan Chase and Bank of America , which have been bringing in deposits through digital apps, marketing and nationwide branch networks, WSJ reported. PNC Financial Services Group could buy the U.S.

Report 247

Report Alabama US Texas 247

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Another key factor is that over 60 percent of eCommerce in Latin America is done via installments. “If

America 100

America Payments Fraud Case Study 100

Celent Banking

SEPTEMBER 30, 2015

In Latin America two chilean start-ups were the winners: Destacame.cl , aiming to financial inclusion by creating a credit scoring based on utility payments; and Bitnexo which enables fast, easy and low cost transfers between Asia and Latin America, using Bitcoin. Discover the finalists of all regions here.

America 100

America Fintech Big Data Regional 100

PYMNTS

MAY 25, 2016

Reports by Financial Times said on Tuesday (May 24) that Wells Fargo vowed to continue to lend to businesses that have significant outstanding debt against the guidance of U.S. ” Reports said Wells has pursued greater market share in its non-retail banking operations since its acquisition of Wachovia in 2008. .”

Lending 100

Lending Regulation America US 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. trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

PYMNTS

MARCH 10, 2018

However, the stakes can be much higher for retailers, as the length of a day can have a dramatic impact on how much (or how little) foot traffic they get. percent, while retail stores overall suffered a 4.8 Most of Africa and Asia do not, while South America is split. The Case Against DST. percent drop.

Retail 113

Retail Massachusetts San Diego Los Angeles 113

PYMNTS

FEBRUARY 6, 2019

In an effort to bring customers an easier and more streamlined online car buying experience, Carvana, an online-only used car dealer, has teamed up with Bank of America, according to a release from the companies. “We Customers can go on Bank of America’s car shopping tool from a phone or computer and select a Carvana vehicle.

Online 176

Online America Policies Lending 176

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. Pokémon GO: Pet Rock or Opportunity To Rock Retail?

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

APRIL 2, 2020

Data analytics systems can analyze thousands of variables for each transaction, including applicants’ lending histories, past transactions associated with their credit cards or individual items in their credit histories. Bank of America (BoA) is one notable success story in the field of analytical risk assessment.

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

SEPTEMBER 28, 2020

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

JUNE 13, 2016

CurrentC has announced its curtain call, Uber moved to sweeten the deal for its drivers and Lending Club proved the firm is far from out of surprises. After what has undeniably been a strange trip, MCX is officially pulling the plug on the collaborative effort of retailers to create their own, mobile-only, merchant-centric payment network.

Lending 100

Lending Columbus Mobile Cards 100

PYMNTS

JULY 1, 2019

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. Nanu continued per reports, “One key aspect where we have limited ability is lending and we will be looking to partner to create the lending experience in the same technology stack.”.

Digital Banking 123

Digital Banking Lending America Report 123

Lex Sokolin

JANUARY 14, 2021

Instead, they have either (1) been directly owned by retail investors through crypto exchanges or decentralized apps, or (2) been packaged and secured for safe handling by newly buy-side funds for the largest endowments and family offices in the world. Bank of America alone has over $150 billion in such capital. Thus spoke Robinhood.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

Instead, they have either (1) been directly owned by retail investors through crypto exchanges or decentralized apps, or (2) been packaged and secured for safe handling by newly buy-side funds for the largest endowments and family offices in the world. Bank of America alone has over $150 billion in such capital. Thus spoke Robinhood.

America 52

America Wyoming National Capital 52

PYMNTS

AUGUST 22, 2019

Some of the different programs that Amazon invests in to help SMBs include: Amazon Storefronts , Amazon Handmade , Amazon Launchpad , Amazon Business , Fulfillment by Amazon , Amazon Global Selling , Merch by Amazon , and Amazon Lending, a program created to aid the growth of a business. .

Tools 184

Tools America Retail Survey 184

PYMNTS

APRIL 10, 2019

Moving forward, the bank said it aims to expand the integration of VolPay technology to include domestic bulk payments in the Mexican peso as well as to digital retail payments. The partnership will also support cross-border payments processed via the SWIFT network. ”

Payments 134

Payments America Technology Operations 134

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

South State Correspondent

APRIL 12, 2022

America is facing challenges at every turn: “a pandemic, unprecedented government actions, a strong recovery after a sharp, deep global recession, a highly polarized U.S. The bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits. 2) Leadership Matters.

Community 195

Community Community Bank Leadership Lending 195

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Most small businesses don’t have a lending relationship with a bank. She believes lockdown orders created a loophole that allowed large chains that offer essential retail to continue selling non-essential goods like toys and electronics.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

NOVEMBER 22, 2019

The fund has also invested in delivery company Rappi, lending outfit Creditas and tech company QuintoAndar. Brands and retailers want reliability and the ability to test their own innovations.

Software 108

Software America Regional Tools 108

CB Insights

FEBRUARY 13, 2020

Business lending and corporate cards. Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty). Fraud prevention tools. Virtual card issuance.

Online 98

Online Company Retail Payments 98

Bank Innovation

MARCH 27, 2020

The company, which provides guidance to senior management of financial institutions in the Americas, shed light on potential solutions to some of the business implications stemming from the COVID-19 outbreak in a white paper shared […].

America 259

America Management Company Innovation Strategies 259

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. retail banks indicate an almost 20 percent increase in credit card losses across the board during 2017. Student Lending.

Lending 105

Lending Cards America New York 105

Abrigo

MARCH 6, 2017

His recent research reports have covered SMB lending, alternative lenders and automating commercial lending. 4) @KarenGMills – Former SBA administrator in the Obama administration, Mills is now a senior fellow at Harvard Business School, writing and Tweeting about small business, lending and fintech. Learn more here.

social media 150

social media Lending Community Community Bank 150

Bank Innovation

MAY 2, 2018

In the first quarter alone, Bank of America and SunTrust Banks both unveiled their digital mortgage platforms, with SunTrust being the most recent. “If Digital mortgages will be a major trend for banks in 2018. If you look at the housing industry, it has always been a slow adopter of change back to the days of Frannie […].

America 231

America Trends Industry Online 231

PYMNTS

JULY 14, 2020

North America consumer-banking revenues fell 5 percent year on year to $4.7 The firm’s retail-banking division registered a $176 million loss compared to a $4.2 Offsetting the weak retail-banking performance, JPMorgan Chase’s corporate- and investment-banking unit experienced a 16 percent year-on-year revenue growth to $16.4

Cards 158

Cards ATM Report Community Bank 158

Bank Innovation

APRIL 8, 2020

With the launch of the Small Business Administration’s program Friday, bankers are engineering the best ways to handle the customer service inquiries flooding banks’ digital channels. “We dove headfirst into this,” said Becky Buhr, vice president of finance and retail […].

Retail 370

Retail Customer Experience Innovation Strategies America 370

PYMNTS

APRIL 10, 2018

The company said it will use the funds to expand across Latin America. Tienda Pago provides micro loans to small- and medium-sized retailers in the form of lines of credit that last one week. Latin America is a promising market for trade finance expansion. The SMBs then repay that loan as they make sales in their stores.

Mobile 100

Mobile America Regional Marketing 100

PYMNTS

MARCH 28, 2019

The number of use cases for push payments has been steadily growing — in the gig economy, in the retail economy, in consumer and SMB lending, and even in smokestack industries like insurance — and all in response to the strong consumer appetite for instant payments.

United States 219

United States Cards Payments America 219

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

NOVEMBER 3, 2016

Flexiti Financial offers point-of-sale financing and payments technologies for its retail clients, and with $5 million in new funding, the company is set to expand across Canada. In another statement, Flexiti Founder and CEO Peter Kalen said the solution is “one of the most advanced POS lending platforms in North America.”

Capital 100

Capital Lending Resources America 100

Bank Innovation

JANUARY 24, 2017

Edward “EJ” Achtner, Bank of America‘s Head of Digital Banking – Strategy, Platforms, Innovation, and Partnerships, has joined the Bank Innovation 2017 speaker faculty. based bank.

Innovation 150

Innovation Charlotte America Digital Banking 150

PYMNTS

DECEMBER 14, 2018

Steve Madden is one retailer that publicly announced its efforts to move its supply chain operations out of China. The company is “aggressively shifting production out of China to other countries, primarily Cambodia,” said the firm’s CEO Edward Rosenfeld during a conference call earlier this year.

Marketing 115

Marketing US Trends Conference 115