Ripple Invests $25M in Blockchain Capital

Bank Innovation

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space.

Capital One, Discover Tightening Lending Standards

PYMNTS

Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming.

Capital One Offers Free Business Credit Reports

PYMNTS

Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers.

Fed Sees Jump In SMB Capital Demand

PYMNTS

The Federal Reserve has released new data on small businesses’ appetite for capital, and it appears that financing demand is on the rise. Compared to 2017 figures, small businesses have increased their demand for capital.

Hitachi Capital America Lands Trade Finance Takeover

PYMNTS

Hitachi Capital America , Hitachi’s U.S.-based In a statement, Hitachi Capital America EVP and General Manager of Commercial Finance and Corporate Development Mark Duncan said the takeover will help the company expand its footprint in the technology sector.

Facebook Co-Founder’s VC Firm B Capital Raises $406M

PYMNTS

Facebook Co-founder Eduardo Saverin has closed out $406 million for B Capital, his venture capital fund, according to a report. B Capital’s first fund close was in last February for $360 million, and consulting firm BCG was a major backer.

Panxora Safeguards ICO Capital For Treasurers

PYMNTS

Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility.

PayPal Working Capital Steps Into Germany

PYMNTS

PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts.

Why Is Capital One the Only Bank Using Alexa?

Bank Innovation

Earlier this year, Capital One and Amazon teamed up to put the Capital One “skill” on the Amazon Echo—as of now, Capital One customers who have the Echo or Echo Dot (anything with Alexa) can access their bank accounts using their voice.

Capital optimization for desk restructuring under FRTB

Insights on Business

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). Green means that the desk can continue reporting capital under IMA. to find the optimal capital.

Square Capital Expands SMB Loan Access To Third Parties

PYMNTS

Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the Invoice2go app. In a press release, the companies said the partnership marks the first time Square Capital, the small business loan program developed by Square, has inked a partnership in which customers get embedded access to business loans via a mobile app. “By

Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Chime isn’t the only challenger bank to raise capital in recent months.

New Unicorn Revolut Will Use Capital For International Expansion

Bank Innovation

Capital Exclusive Mobile Online Payments Startups capital challenger banks funding London fintech Mobile banking online banking revolut Unicornsbased digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status.

Square Capital Drives Company Revenue

Bank Innovation

Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital

Capital One Tops Q1 Views; Credit Card Loans Up 2 Pct

PYMNTS

Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. Earnings Capital One capital one financial charge-off commercial lending credit cards earnings loans News originations What's Hot

GE Capital Exits Trade Finance With MUFG Acquisition

PYMNTS

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations.

SEC Appoints Small Business Capital Committee Members

PYMNTS

Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. The U.S.

SaaS Enjoys Venture Capital Boom

PYMNTS

This week Oxx, which tends to focus on B2B software startups, led the $12 million funding round for the company, which also saw participation from Industrifonden, SEB Venture Capital and KTH Chalmers Capital, according to reports. million , news reports this week said, from Grotech Ventures, Middleland Capital, the Center for Innovative Technology and Charlottesville Angel Network.

Capital One to Be Fully on Public Cloud by End of 2020

Bank Innovation

Capital One Financial plans to complete the exit from its data centers and to go fully into the public cloud by the end of 2020, Chairman and CEO Richard Fairbank said during the bank’s first-quarter earnings call on Thursday.

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

Bank Innovation

Capital Compliance Cryptocurrency Exclusive Operations Startups Bitcoin BlockChain Blockchain + Digital Currencies cryptocurrency Deloitte digital currency ICOs KYC Waves Platform

Square Capital Grew 64%, Driving Company Revenue

Bank Innovation

The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital, processed more than 400,000 business loans for the quarter, for a total of $251 million. The lending business appears to be treating Square well.

Capital One Treasury Head: AI and ML Driving Customer Experience Improvements

Bank Innovation

Phil Beck, Head of Treasury Management at Capital One, is almost a year into his job at the McLean, Virginia-based bank, where his focus has been getting commercial banking up to speed with the digital economy.

Capital One Misses On Q4 Revenue As Card Loans Increase

PYMNTS

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. billion, a jump Capital One said was mainly due to a 65 percent increase in marketing expenses.

Top 5 Fintech Raises: FTV Capital, Avalara, OurCrowd, Certona, Zero

Bank Innovation

Compliance E-Commerce Insurance Mobile Online Payments Startups Technology Avalara Certona compliance eCommerce Estify FTV Capital funding SaaS software venture capital Zero

Judo Capital Taps VERMEG For Reporting Compliance

PYMNTS

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license.

Regtech in Capital markets & Investing

Bank Innovation

Market risks, volatility, and uncertainties, are the stressors for traders and those allocating capital and managing risk. This will… Read more Regtech in Capital markets & Investing. Newswire Wealth Management asset management capital markets Regtech Regulation & Compliance UncategorizedWorking on Wall Street has always been a hazardous profession, especially for those in the front line of the business, the traders.

Banks Have the Capital to Buy Fintech Startups — Will They?

Bank Innovation

“Banks now have the capital to put to work and invest in growth after a long period of cost-cutting,” […]. Capital Corporate Exclusive Innovations Online Operations Technology Uncategorized Button Capgemini fintech JPMorgan Chase LevelUp M&A PayPalBanks are entering what could well be a Golden Age — deregulation, rising interest rates, and a bevy of fintech startups eager to hop into bed with them. Will they take advantage of this fintech opportunity?

Capital One Trains Virtual Assistant Eno To Be Proactive with New Tax Feature

Bank Innovation

Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank.

CAN Capital Announces Another Leadership Change With New CEO

PYMNTS

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. CAN Capital added Siciliano from commercial financing company Marlin Business Services , where he served in a variety of roles, including CEO and chief operating officer.

Capitalizing on Open Banking as a catalyst for digital transformation

Insights on Business

There’s a new normal in financial services. Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain.

Biz Capital Invesments Can’t Keep Up With Consumer Spending

PYMNTS

In fact, according to the Wall Street Journal , capital spending on the part of companies has been slowing, with investments on the part of businesses growing at just 0.8 Economy businesses capital spending Consumer Spending economy News tax cut U.S

Harvard And Capital One Survey Mid-Market B2B ePayments Adoption

PYMNTS

A new report from Harvard Business Review Analytic Services and Capital One surveyed businesses with revenues between $25 million and $2 billion to explore how they’re embracing electronic B2B payments — and what’s holding them back from making progress.

Survey 210

Starbucks New Investor: Pershing Square Capital Management

PYMNTS

Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 Investments Investment News Pershing Square Capital Management Retail same store sales starbucks What's Hot

B2B Venture Capital Spans SMB Banking, V-Cards, Global Payments And More

PYMNTS

In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Below, find the latest in B2B venture capital funding.

4 Startups to Watch: Templum, AppZen, NKM Capital, and More

Bank Innovation

Cryptocurrency Exclusive Online Startups AppZen artificial intelligence BlockChain cryptocurrency eCommerce ICOs Mobile banking NKM Capital Numerai Ripple Robhinhood ShopBack Templum

The Future According To Sequoia Capital China

CB Insights

Sequoia Capital China has ramped up activity over the past year and started seeing a lot of significant exit outcomes for its investments. In 2018, the China-based arm of smart money VC Sequoia Capital participated in 123 deals, up 58% from the year prior.

Capital Float Tops Up Capital Raise

PYMNTS

India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 According to Capital Float cofounder Sashank Rishyasringa, the deal brings the total raised for Capital Float in 2016–2017 to $9.2 The company has secured significant venture capital, too. Last year the firm revealed it closed a $25 million Series B funding round led by Capital Management with participation from SAIF Partners, Sequoia Capital and Aspada Ventures.

How Digital Innovators Capitalize On Subscription Businesses

PYMNTS

Some providers are capitalizing on the concept by launching new services that offer access to premium content such as newspapers and magazines in exchange for a monthly fee. With subscriptions gaining ground in areas such as digital media and gaming, according to the PYMNTS Subscription Commerce Tracker , telecom firms are capitalizing on the popularity of these offerings.

Foreign Startups Receive Fresh Capital From Chinese VCs

PYMNTS

China’s venture capital landscape is undergoing a shuffle,” Shanghai-based Wei Zhou, founder and CEO of XNode, said in an interview with Venture Beat , “which means that startups are scrutinized more rigorously than in the past and fewer domestic candidates pass the screening.

Capital One Looks to the Cloud to Power Innovation Efforts

Bank Innovation

EXCLUSIVE—Cloud infrastructure and data analytics are becoming more and more integral to financial services, and Capital One is one bank ahead of the curve. “We

Capital One Said to Buy Walmart Card Portfolio, Zero In on Digital Collaboration

Bank Innovation

Capital One Financial has reportedly acquired Walmart's card receivables, the bank's chairman and CEO, Richard Fairbank, said yesterday. Cards Commerce Exclusive Innovations Payments Premium Sales & Marketing Capital One digital payments online commerce tech spend walmart

Seed Capital Investors Focused on Fewer, Bigger Deals in 3Q

Bank Innovation

Capital Startups Technology Primary Venture Partners venture fundingAs expected, third-quarter seed funding dropped sharply in the third quarter in New York’s Silicon Alley. Fintechs were hit particularly hard, but let’s set that aside a moment.

Square Capital Grew 68% YoY by Not Competing with Banks

Bank Innovation

Square is competing with friends and family, not financial institutions, to grow its lending arm, Square Capital. The payments processing startup grew loans at Square Capital by 68% year-over-year this quarter, according to CEO Jack Dorsey on the company’s earnings call yesterday.