PYMNTS

FEBRUARY 23, 2017

Alternative lender Prospa has raised new venture capital that comes with a prestigious label for the company. The Series B round is the largest-ever venture capital investment into an Australian FinTech startup, according to reports. Reports Wednesday (Feb. 22) said Prospa secured A$25 million (about $20 million) from AirTree Ventures.

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Fintech Capital Lending Branding 100

The Financial Brand

AUGUST 24, 2023

This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand. This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand.

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Capital Cards Regional Branding 29

PYMNTS

MARCH 31, 2020

MatchMove said LightSpeed is a “powerful, out-of-the-box solution, which enables you to launch your own branded payments platform within minutes.”. It has raised $20 million to date with August One and SEEDS Capital, among others.

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Fintech Regional Security Lending 168

The Financial Brand

DECEMBER 5, 2021

The action has emboldened legislators and regulators to try and abolish OD fees altogether. The post Why Capital One’s Move Won’t Be the Death of Overdraft Fees appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The bank is the biggest so far to nix the fees.

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Capital Banking Trends Analysis Trends 36

PYMNTS

SEPTEMBER 20, 2018

Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Swimming against that tide is China-based P2P lending provider X Financial. The fresh capital and prestige could, indeed, enable expansion to other parts of Asia and other countries. The company has facilitated 1.7

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US Lending New York Cards 166

PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments.

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Lending Apple Cards Study 100

PYMNTS

FEBRUARY 24, 2017

Alt-Lending. The $20 million funding round for Australian alternative lending platform Prospa has set a record, according to reports, as the largest FinTech venture capital funding in the country. Investors from Plug & Play, Tiempo Capital and Acorn Ventures all participated in the round, reports said.

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Fintech Capital Lending blockchain 109

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

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National blockchain Montana Lending 215

PYMNTS

SEPTEMBER 11, 2018

Days after confirming plans for an Initial Public Offering on the London Stock Exchange, alternative lending firm Funding Circle has released new details about its goals for the float and market conditions that make it possible. Elsewhere, other alternative lending platforms have eyed IPO plans.

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Lending America Strategy Marketing 100

PYMNTS

NOVEMBER 20, 2018

In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9 In fact, that lowering delinquency story was also one that occurred across segments.

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Lending Trends Cards Capital 188

South State Correspondent

OCTOBER 28, 2022

Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor. This regulation looks more onerous for everyone but seems to be in most banks’ domain and skill sets.

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Conference Technology Las Vegas Trends 195

PYMNTS

JULY 8, 2016

Walmart Pay released its six-month report card , with some pretty interesting stats: ubiquity at all 4,600+ stores, high usage, high repeat usage, rave reviews from their users and a growing crop of brand evangelists that, Walmart Pay execs say, have become an effective recruiting engine. SMB Working Capital. Next time, guys?

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Lending Samsung Online Capital 101

PYMNTS

NOVEMBER 5, 2018

Walmart and Synchrony announced the end of their long-term card partnership in July, with reports that Capital One would now be Walmart’s new issuing partner. In the lawsuit, Walmart contends that loan losses on its cards increased after Synchrony moved some customers with Walmart-only store credit cards to a Walmart co-branded card.

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Data Capital Cards Branding 115

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain. And to learn.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

MAY 8, 2020

Most small businesses don’t have a lending relationship with a bank. Other ideas include more government action regarding competitive regulation. Writing in Barrons , RSM chief economist Joseph Brusuelas is recommending a Main Street lending facility that would include a $250 billion Congressional backstop combined with $1.25

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Maine Groups San Francisco Lending 142

Gonzobanker

FEBRUARY 29, 2024

A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. It appears nothing else matters but the urgency to get big and get there fast.

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Tools Analytics Data System 152

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital.

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Regulation Lending social media Operations 102

PYMNTS

JANUARY 25, 2018

In an attempt to address many of these concerns, regulators have stepped in with initiatives, such as establishing a Small Business Commissioner last year to champion SMB-related causes. Stallon said that the FSB brand is likely to help, as is the FSB’s focus on simplicity for the end user. “Until now, many of the U.K.’s

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Lending Regulation Marketing Operations 122

PYMNTS

JANUARY 6, 2017

In the biggest funding round of the week for B2B FinTech, HR and payroll company Namely secured $50 million in venture capital funding. 5), with Altimeter Capital and Scale Venture Partners leading the Series D round. Alternative Lending. Cash flow burdens often come down to the benefits paradox. million — over the next 90 days.

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Capital Software Fintech Company 108

PYMNTS

FEBRUARY 10, 2020

The tax may be a case for the government to boost its own coffers on eCommerce, anticipated to be worth as much as $200 billion annually by 2026, as estimated by the India Brand Equity Foundation (IBEF) late last year. The impression may be that the tax amounts to a “papercut,” but it “could impact working capital of small businesses.”.

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Taxes Illinois Study Operations 175

PYMNTS

JULY 29, 2020

Both companies’ boards have unanimously given the deal the green light, although the tie-up remains subject to approval from antitrust regulators and OnDeck shareholders. Enova said it plans to bring the OnDeck brand and offerings into its current lineup. However, the two firms expect the acquisition to close some time this year.

Online 165

Online Fintech Report Strategy 165

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. . SMB lending .

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America Lending Cards San Francisco 101

PYMNTS

JULY 26, 2016

But Goldman — perhaps following the old adage that, if one can’t come bearing good news, the next best option is to show up with interesting news and hope that does the trick — did bring something largely unexpected to last week’s earnings roundup: a quick glance behind the curtain at its forthcoming entrance into the world of consumer lending.

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Lending Online Innovation Retail 100

Gonzobanker

DECEMBER 14, 2023

Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. They should have been investing in fintech growth businesses and they had the capital to do it.” Grab some popcorn and watch.

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Fintech Community Regional Technology 194

Lex Sokolin

DECEMBER 10, 2020

The offering is a full on banking, payments, and capital programming environment that connects to Goldman Sachs, Barclays, and Citi. think about a Walmart-branded credit card. And notice that the platforms are ahead of “brands”. Affirm wins when it plugs in a technology network as a distributor of its lending product.

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Branding Apple Capital US 52

Lex Sokolin

DECEMBER 10, 2020

The offering is a full on banking, payments, and capital programming environment that connects to Goldman Sachs, Barclays, and Citi. think about a Walmart-branded credit card. And notice that the platforms are ahead of “brands”. Affirm wins when it plugs in a technology network as a distributor of its lending product.

Branding 52

Branding Apple Capital US 52

BankUnderground

AUGUST 9, 2022

For example, we may work as avatars at the Gucci store in ‘The Sandbox’ – an open-metaverse platform – selling branded digital avatar ‘skins’, and talking to customers about new items in physical stores too. This risk is amplified by the use of leverage, which is readily available on crypto exchanges and DeFi lending protocols.

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System blockchain cryptocurrency Lending 132

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Except maybe they did partly.

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Community Fintech Industry Innovation 216

PYMNTS

DECEMBER 30, 2016

The incoming Trump administration also is gunning for a rollback of many parts of Dodd-Frank, which should also free up capital on banks’ books. Shortly thereafter, Mastercard and Visa, separately, did their deals with PayPal to make network-branded cards a warmer and friendlier option in that digital wallet. Online Lending.

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Lending Data Course Cards 122

PYMNTS

JULY 11, 2017

And, as a result, higher fees for consumers levied by cautious lenders, when they lend at all? Chamber of Commerce Center for Capital Markets Competitiveness. ” Brian Tate, president and CEO of the Network Branded Prepaid Card Association (NBPCA), had a similar reaction. Is that the headline for July 10?

Cards 101

Cards Lending Study Industry 101

Gonzobanker

DECEMBER 17, 2021

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. The most important aspect of this deal is Huntington.

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Fintech Strategy Leadership Lending 143

PYMNTS

SEPTEMBER 22, 2017

The slowdown in new businesses being founded in the 1980s and 90s was largely quarantined to certain segments – especially retail, where corner stores and regional brands were falling to larger national chains. Better have a very full and robust compliance department and a perfect working knowledge of AML/YC regulations.

US 108

US Apple Innovation Regulation 108

Lex Sokolin

OCTOBER 14, 2020

And this realization takes us to Lending Club. Peerless Lending Lending Club represents an era of Fintech credit. So you need sufficient aggregation, correlated with heavy customer acquisition and branding costs, in order to create the asset class of reasonable credit exposure. Peer-to-peer lending is dead.

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Lending User Experience Google United States 52

PYMNTS

MARCH 24, 2017

Vance, famed author of Hillbilly Elegy , is now turning with renewed energy to venture capitalism and is headed to the Midwest for VC deals, courtesy of Steve Case’s Revolution LLC. Vance had touched on this at IP 2017. Trump stock rally stall? Craftsman was sold in January 2017 to Stanley Black & Decker for $900 million.

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Bitcoin Maine Retail Lending 100

Lex Sokolin

DECEMBER 3, 2020

There have been some signs from regulators, however, that a token changes nature over the course of its lifecycle. It also helps that issuing governance tokens for a DAO creates market capitalizations and enterprise value for token holders. Not only is capital movement much less restricted, but so is the stickiness of “employees”.

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Community Capital Security blockchain 52

Lex Sokolin

APRIL 29, 2019

Further, Wealthfront, and the rest of the roboadvisors, have developed brands that some people may at least recognize. If you are a bank, deposits are a profitable arbitrage since you make more in interest through your lending activities than the cost of borrowing. Banks are regulated by the OCC and are State registered.

Mobile 45

Mobile Fintech Capital Lending 45

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

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Idaho Conference Data Marketing 148