PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. There aren’t many markets where consumers actually have little to no other choice, but this is one of them.

Report 202

Report Regulation Data Retail 202

FICO

DECEMBER 13, 2019

The most prominent villain for fintech companies is regulation. And so it’s easy to see why a fintech company — believing fully in the virtue of its mission and faced with a litany of illogical and intractable regulations — might just say "F*ck it, we're doing it anyways." Brand protection. and China).

Regulation 52

Regulation Fintech Lending Branding 52

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

JANUARY 2, 2019

The company will offer crowdfunding and lending as it tries to distance itself from a year of scandals, including the murder of two female passengers. The services include wealth management tools, credit, lending and crowdfunding for serious illnesses. Didi is backed by Uber, Apple and SoftBank.

Lending 183

Lending Leadership Apple America 183

Abrigo

JANUARY 17, 2024

Understanding local markets and the individuals your bank serves is key to knowing your customers and ultimately being able to tell when something isn’t right. “Tellers are frontline workers in the movement to end human trafficking,” said Bellino.

Training 259

Training Community Software Texas 259

The Financial Brand

OCTOBER 24, 2021

Financial institutions must scrutinize marketing, branching and lending strategies as Attorney General targets redlining in mortgage credit. The post Justice Department Sets Major Fair-Lending Enforcement Push appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Lending 32

Lending Banking Trends Analysis Trends 32

PYMNTS

MARCH 31, 2020

Shopmatic said it helps business owners increase their sales by accessing new markets through online channels and point-of-sale solutions. MatchMove said LightSpeed is a “powerful, out-of-the-box solution, which enables you to launch your own branded payments platform within minutes.”.

Fintech 168

Fintech Regional Security Lending 168

PYMNTS

MARCH 10, 2017

Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. Risk mitigation is also behind massive regulations like KYC and anti-money laundering rules.

Mobile 149

Mobile Lending Data Marketing 149

PYMNTS

SEPTEMBER 14, 2020

There are more than a few mind-blowing stats about Amazon , most of them having to do with its 44 percent of the eCommerce market, or maybe the $88.9 It’s a world where the parent company has such as tight rein that one step out of the guidelines and regulations can merit a devastating suspension.

Capital 214

Capital Long Beach Branding Guidelines 214

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.

National 215

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.

Lending 100

Lending America Strategy Marketing 100

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.

Conference 195

Conference Technology Las Vegas Trends 195

PYMNTS

FEBRUARY 23, 2017

.” Beau Bertoli, co-CEO of Prospa, told reporters that the alternative SME lending space is likely to grow by $20 billion over the next five years. “A lot of small businesses have an affinity with us, and we will use this capital to continue to build the brand further and become a leading lender.”

Fintech 100

Fintech Capital Lending Branding 100

Abrigo

MARCH 6, 2017

His recent research reports have covered SMB lending, alternative lenders and automating commercial lending. 3) @JohnRBarlow – John Barlow is president of Barlow Research, which provides market research for commercial banks. It often Tweets columns tied to breaking news and statistics. Learn more here.

social media 150

social media Lending Community Community Bank 150

South State Correspondent

MAY 2, 2022

Some will not know the answer, and other bankers will talk about more marketing, more salespeople, more geography, better follow-up, or a more focused sales effort. Your bank might have introduced a new product, but very few banks go back and try to improve an existing product unless forced to by the regulators or changes in technology.

social media 195

social media Management Marketing Resources 195

PYMNTS

NOVEMBER 20, 2018

In 2016, the market experienced a pullback as lenders slowed or stalled sub-prime originations,” Komos said. 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. It shows the resiliency of the market.”. It never happened.

Lending 188

Lending Trends Cards Capital 188

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? For an important BNPL case study, we look to Australia, where Sydney-based market leader Afterpay has made such a splash that it’s changing the economy (sort of). Here’s a hint: We’ll tell you now … and you can thank us later. It’s a bona fide phenomenon.

Case Study 135

Case Study Retail Millennials Branding 135

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. Investor Confidence In Marketplace Lending.

Lending 101

Lending Samsung Online Capital 101

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. “It will transform the business funding market and is a real step [toward] change for small businesses.”

Lending 122

Lending Regulation Marketing Operations 122

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.

Regulation 102

Regulation Lending social media Operations 102

FICO

OCTOBER 5, 2017

He goes online to his small state bank and up pops a home equity line-of-credit marketing offer. Mismatched offers like these hurt the customer experience and waste the efforts of lending organizations and their risk and marketing teams. The problem is they are currently executing marketing that is not risk-aware.

Marketing 56

Marketing Analytics Customer Experience Regulation 56

BankNXT

MAY 25, 2017

Listening to the incumbent lobby is a habit banking regulators just can't break, says Guy Shone. The fight isn't fair, yet digital brands may emerge fitter. Is the UK mortgage market a level playing field for new banks? on BankNXT.

Marketing 42

Marketing Regulation Branding Lending 42

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.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Bobsguide

MARCH 28, 2022

Dubai, UAE, London, UK, New York, US – March 28, 2022 – Finastra today published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. Key findings include: • More than 80% of regulated financial services providers expect the overall BaaS market to grow.

Innovation 60

Innovation Lending social media Retail 60

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

Maine 142

Maine Groups San Francisco Lending 142

Lars Markull

JULY 10, 2022

Xero, on the other hand, could (at the same time) allow users to create Xero branded accounts or cards for the benefit of creating separate virtual accounts for each client for easier reconciliation or cards for a better user experience (Embedded Banking). Financial product branding is critical.

Lending 83

Lending Branding Examples Regulation 83

PYMNTS

APRIL 16, 2018

When it comes to the public markets, there is arguably no bigger statement one can make than “thanks but no thanks.” The markets liked the announcement, sending Verifone’s stock up more than 50 percent to roughly $23.04 Amex Tries On A New Branding Solution. You’re welcome. Verifone Goes Private.

San Francisco 101

San Francisco Taxes Lending Branding 101

CFPB Monitor

SEPTEMBER 22, 2022

One such risk is “a consolidation of market power in the hands of a few large tech platforms who own the largest volume of consumer data.” The CFPB observed that most BNPL lenders do not provide the initial cost-of-credit disclosures required by Regulation Z or periodic statements required for credit cards.

Report 78

Report Regulation Data Cards 78

Gonzobanker

FEBRUARY 29, 2024

It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. Without this push, traditional banks may lose a terminal amount of future market share. A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity.

Tools 152

Tools Analytics Data System 152

FICO

JUNE 21, 2022

Growing market share and revenues in the credit card portfolio is dependent on the level of credit limits approved to customers,” said Serhan Pak, SVP of retail lending & advanced credit analytics at Akbank. A key challenge was the legal caps enforced by the regulator,” said Pak. Working within the Rules.

Analytics 52

Analytics Cards Strategy Regulation 52

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. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. banks by market value.”. The Appropriate CFPB Target Award.

Community 216

Community Fintech Industry Innovation 216

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. Soundtrack Your Brand. Several backers participated in the $1.2 Reports said Bitbond has already provided $1.2

Fintech 109

Fintech Capital Lending blockchain 109

PYMNTS

JUNE 16, 2016

Instead, Nokia has been busy snatching up startups, like the French firm Withings, to help it pivot toward a critical new market: digital health. We’ve been developing [health] technology and solutions inside Nokia, experimenting both on the regulated and unregulated side of health, to see what we can bring to the market.

Mobile 100

Mobile Lending Technology Regulation 100

PYMNTS

JANUARY 20, 2020

Wall Street being Wall Street was focused, at least in part, on trading and asset management revenues, which rebounded strongly in the fourth quarter, up double-digit percentages in most cases amid record high stock markets. In the U.S.,

Cards 134

Cards America Course Mobile 134

FICO

APRIL 24, 2023

Trust acquired 100,000 customers in just ten days after it launched in September 2022 and exceeded 450,000, equivalent to 9 percent of the Singapore market, within just five months. Applicable regulations on lending are also implemented via this solution. “We FICO Platform helps us to deliver that edge.”

Risk Management 52

Risk Management Digital Banking Customer Experience Management 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.

System 132

System blockchain cryptocurrency Lending 132

PYMNTS

JULY 8, 2019

Regulators, particularly in the nations with the largest swaths of unbanked consumers, will say it offers users no easy way to cash in, cash out or reliably spend the Libra currency. Not without uses, not unimportant and a transitional step into the market for some consumers, but also not really a next-level innovation.

Digital Banking 176

Digital Banking Innovation Cards Lending 176