PYMNTS

MARCH 1, 2016

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

JUNE 25, 2018

In the first quarter of this year, KPMG said in a recent report that there were five $1 billion-plus mega-venture capital rounds, and analysts say venture capitalists (VCs) are diversifying their investment targets as emerging focuses, from artificial intelligence (AI) to healthcare, build excitement.

Cards 130

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PYMNTS

NOVEMBER 12, 2020

banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. The funding is being earmarked to launch credit cards-as-a-service in the U.S. UK BaaS Railsbank Closes $37M Funding Deal To Support Growth. and elsewhere as the BaaS platform grows its global footprint.

Google 193

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PYMNTS

MARCH 13, 2020

As Bloomberg reported Friday morning, at least one operator, Carnival , had hoped to keep passengers coming on deck by offering credits of up to $200 to those who go ahead with the planned trips. The incentive is available for people with cruises that are booked between March 6 and May 31. told Bloomberg. “A told Bloomberg.

Course 140

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PYMNTS

JANUARY 24, 2020

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

Fintech 198

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PYMNTS

JUNE 15, 2020

The pandemic has seen a flurry of capital raising as firms across all verticals have sought to shore up their balance sheets. By getting cash on the books, there’s the chance to keep going — to continue operating and pay expenses until the horizon is a bit clearer. government loans.

Strategy 249

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PYMNTS

DECEMBER 23, 2019

In other Indonesia news , Indonesia -based Traveloka has partnered with Bank BRI on a credit card for Indonesia’s underbanked. The travel and lifestyle platform has received investments from the likes of JD.com, Sequoia Capital and Hillhouse Capital, according to Deal Street Asia. ”

Taxes 134

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PYMNTS

FEBRUARY 25, 2019

As such, they can struggle to organize flight bookings, handle payments, manage trip expense records and more. The solutions are designed to enable non-employees to book flights, hotel rooms and car rentals through Pana’s platform, while paying for each one via virtual cards generated by AirPlus.

Management 122

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Gonzobanker

FEBRUARY 8, 2022

While the term “accretive to book value” is still the best bet for buzzword bingo at AOBA, the real talk centered around digital transformation and fintech disruption. price/book multiple. The grassroots of community and regional banking will no longer be vanilla operations geographically focused.

Fintech 166

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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. Remember all those five-year fixed-rate loans you booked at 4%?

Community Bank 195

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PYMNTS

DECEMBER 28, 2020

Solutions like commercial and virtual card products, for instance, assure buyers the ability to extend capital float while accelerating payment to vendors. It can indeed be a valuable tool, enabling corporate buyers to make a purchase without having to immediately let go of capital. New Payment Models Emerging.

Payments 203

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South State Correspondent

JANUARY 3, 2023

Despite reaching the highest profitability in over a decade in 2022, US banks overall trade at a discount to other sectors as measured by P/E or P/Book, and approximately 53% of US banks have earned less than their cost of equity over the last five years. Operating Leverage – Scale matters.

Community Bank 221

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PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. That achievement goes to UiPath , an industry competitor also operating in the Robotics Process Automation space. CEC Capital also participated, according to reports.

Lending 193

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PYMNTS

NOVEMBER 12, 2019

Bitcoin payments app Fold has announced that its users can now get 3 percent back in bitcoin when they book a stay and experience on Airbnb. Fold allows its users to buy gift cards for bitcoin with 3 percent cashback, currently offering $25 or $100 gift cards on its website. And the U.S.

Bitcoin 102

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PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic.

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PYMNTS

JULY 31, 2019

The image stems from about two or three centuries ago, when medieval superstitions were being seriously challenged by empirical thought, and the view has been reinforced countless times — even into the early 21st century if you look hard enough — by books, movies, TV shows and other methods of cultural communication. Whole Ecosystem. “If

Fintech 192

Fintech Innovation US Payments 192

PYMNTS

MARCH 30, 2020

Two-thirds (66 percent) of SMBs expected to see their revenues grow beyond — even well beyond — what they had booked in 2019. Today, nearly all SMBs (those that remain in operation, that is) have been forced to divert that sense of optimism into a battle for their survival. The Cash Flow Burden Shifts To The SMB Owner.

Maine 232

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PYMNTS

JULY 7, 2020

“However, it is strange that in terms of payments, not much has been done in the last few years since the appearance of the virtual credit card.” Transactions are initiated by booking data, and funds can be moved between wallets based on booking details, payment date, cancellation policy or other factors.

Industry 155

Industry Data Payments Innovation 155

PYMNTS

MAY 12, 2020

Gyms and fitness clubs are launching virtual classes, for example, while restaurants are focusing on takeout and delivery orders and travel companies are exploring whether more flexible cancellation plans will entice business travelers to book future trips.”. Such concerns never troubled operators before. That’s just how it is now.

Report 131

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PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108

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PYMNTS

MAY 11, 2018

Operating in the trade finance market, CCRManager announced $6.5 The company operates a digital platform to facilitate the disbursement of trade and supply chain finance to the secondary market, according to Global Trade Review reports this week. Check out the latest investment rounds below. Alternative Lending. CCRManager. Blockchain.

Analytics 109

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PYMNTS

FEBRUARY 7, 2020

In 2019, Goldman partners with Apple on the launch of the Apple Card , which the bank’s executives have stated was the “most successful credit card launch ever.” Of Goldman’s $7 billion in consumer loans and card balances in 2019, card lending accounted for “a significant portion.”. The move is on-trend for both firms.

Austin 131

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PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The company is also reportedly in talks with international investors about raising $50 million via an equity round that QMS Capital is handling.

Fintech 116

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PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

PYMNTS

MAY 6, 2016

Earlier in the week, we reported on the bust that is B2B venture capital this week. For a lot of consumer startups, it’s not always obvious how you are going to monetize, and there is a lot of competition for eyeballs,” explained 500 Startups venture capital lead Dave McClure in an interview last month with Reuters. “For Accounting.

Fintech 100

Fintech San Francisco Capital Big Data 100

PYMNTS

AUGUST 24, 2018

They are the owners of Transact Pro , which operates as a payments processing firm in Latvia. The bank now gets a bit of fashioning, as the Latvian duo now join the board (Chapter 11 allows firms to operate as they restructure their debts). The bank itself? It was in Chapter 11 bankruptcy, as had been declared in November of last year.

Colorado 101

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PYMNTS

FEBRUARY 28, 2017

Banking giant JPMorgan Chase will look to invest more money in its credit card business, continuing a trend of technology initiatives focused on mobile in the mid-term while eyeing returning cash to shareholders. percent, in line with prior projections with a net charge-off rate of about 300 to 325 basis points. million tally.

Community 100

Community Community Bank Cards Technology 100

PYMNTS

JUNE 19, 2019

million in fresh funding, capital that will go toward “a B2B offering (that allows) individual travel agents at large online travel management companies and tour operators to offer a ‘seamless travel experience’ to their end customers, making the booking experience simpler, faster and cheaper.”. Multiple Payment Struggles.

Innovation 152

Innovation Industry United States Payments 152

Abrigo

FEBRUARY 27, 2020

This means having processes and people in place for bringing in borrowers, identifying the right loans to book, pricing them correctly, and closing loans quickly and efficiently enough to meet customer needs and institutional goals. Book more loans with a faster turnaround. learn more. Survey: Repetitive data entry common.

Lending 243

Lending Survey Data System 243

CFPB Monitor

APRIL 25, 2022

Based on recent laws and regulations in four states that instituted debt collection conduct restrictions, they are reported to have found that “such restrictions reduce access to credit card accounts and raise interest rates, but that this effect is very small.”. In 2021, in AMG Capital Management , the U.S.

Report 141

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PYMNTS

MARCH 30, 2017

Our focus will be on executing our new business model, architecting a new back-end operating platform and maximizing cash flow.”. Restoration Hardware is also planning to cap new gallery openings to between three and five per year, reducing capital requirements and execution risk. “We

Capital 100

Capital Retail Strategy Report 100

PYMNTS

JANUARY 6, 2020

ISOs sold terminals and card processing, mostly to brick-and-mortar merchants. Most people were still paying taxi drivers with cash, and if those drivers had POS terminals, they – hmm – weren’t working when you wanted to use a card to fund the ride. Chip cards didn’t exist in the U.S.

Innovation 176

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PYMNTS

MARCH 5, 2019

“You have to look at the book seller market before Amazon,” he said. That’s in stark contrast to the “front office” operations of the sector, according to analysis by DNV GL, an oil and gas industry advisory firm. “You have Barnes & Noble, Borders and regional bookstores. .” ”

Industry 148

Industry Operations Analysis Innovation 148

PYMNTS

SEPTEMBER 24, 2018

Despite the thousands of articles and books written by self-help experts over the years extolling the benefits of embracing change and incorporating more variety into one’s life, the truth is that trying new things can be a hard thing to motivate people or businesses to do. Banking And Gift Cards And Certified Partners (Oh My).

Data 143

Data Cards San Francisco Online 143

PYMNTS

SEPTEMBER 11, 2018

Holds and reserves are a concept that PayPal wants to make a part of the merchant services history book, as COO Bill Ready told Karen Webster. According to Ready, it is one of the inherent advantages of operating a two-sided platform. “We Putting Working Capital to Work.

Fraud 113

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PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. The number of businesses that reported an increase in BEC attacks targeting their operations increased by 36 percent.

Fraud 148

Fraud Missouri California Report 148

CB Insights

SEPTEMBER 6, 2017

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Select VC Investors: Khosla Ventures, Social Capital.

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