What happened to capitalism?

Chris Skinner

Well, if you’re in a … The post What happened to capitalism? I’ve spent my life in an economy that focuses upon money, greed, growth and profit … what was that all about?

Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos


Key Takeaways Stress tests and capital planning are vital to financial institutions in volatile times like these, when the coronavirus and pressures on the energy sector result in a financial crisis. Consider utilizing the same advisor for any stress testing or credit-focused capital planning as for estimating the allowance for loan and lease losses. Current environment = Challenging stressed capital planning. This has resulted in theoretical assumptions for capital planning.

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Dignari Capital Gives $50M To Sheng Ye Capital For SCF Innovation


Dignari Capital has agreed to provide $50 million to Sheng Ye (SY) Capital in a strategic collaboration to explore new supply chain finance options for small- to medium-sized businesses (SMBs), according to a press release.

Capital One’s Eno evolves to give proactive advice 

Bank Innovation

Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and customers. Automation Carousel Daily Post 1 Innovation Strategy Payments Product Design Retail Banking Capital One chatbot conversational AI Eno

Banks should capitalize on saved time to empower RMs


The post Banks should capitalize on saved time to empower RMs appeared first on Accenture Banking Blog. No matter what job you have, time is your most precious resource. For relationship managers (RMs) in commercial banking, this is certainly true.

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 Cryptocurrency Online Payments BlockChain Blockchain Capital cryptocurrency funding Investment Ripple

Hitachi Capital Unveils Planning Initiative To Help SMBs


To assist in creating a blueprint for businesses aiming to expand, Hitachi Capital Business Finance has rolled out its inaugural “Smart Business Planning” initiative that follows its ongoing pledge to help those who own small- to medium-sized businesses (SMBs), Process and Control Today reported.

Social Capital Hedosophia Launches New SPAC, Seeks $500M


Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. Social Capital Hedosophia said its second SPAC, Social Capital Hedosophia Holdings Corp. Markets News Social Capital Hedosophia SPAC What Is Investing?

Driving Retail’s Rebound With A Human Capital Revamp


Similarly, those businesses that already had modern human capital management (HCM) software to help manage, pay, schedule and engage their people were ahead of the game. But among the largest value-adds of on-demand wage access is its ability to harmonize the human capital management strategy. ” Retail COVID-19 digital shift Featured News Human Capital Management News payroll personnel Podcasts

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 PlatformEXCLUSIVE – Public blockchain platform Waves is launching a new blockchain venture product called Basics Fund to focus on investing in crypto-assets and pre-sale ICO tokens.

Capital One: Pressure from non-banks is hurting commercial lending

Bank Innovation

Capital One‘s commercial lending business is facing price pressure from a saturated market of lenders, including non-banks, that are pushing interest rates down. Capital One isn’t alone in facing this pressure in the […]. Carousel Corporate Banking Lending BlueTarp BlueVine Capital One Kabbage OnDeckIncreasing competition from non-banks continues to drive less favorable terms in the commercial lending marketplace,” CEO Richard Fairbank told investors on Thursday.

Tokenized Venture Capital

Daily Fintech

Tokenization has the power to impact the entire VC industry, from the way venture capital is raised, to the way it is invested in startups and projects. The post Tokenized Venture Capital appeared first on Daily Fintech. In an interview by David Sacks, the former PayPal COO, said: “I think Limited Partner interests are likely to be tokenized, along with most other illiquid assets. Eventually, […]. Bitcoin, Blockchain, Cryptocurrencies

JPMC: Why Working-Capital Trade Finance Is On The Rise


Unlike a decade ago, corporates today are flocking less to traditional trade services and more toward off-balance sheet financing tools like supply chain and receivables financing, offerings which Fraser said are resilient to economic downturns thanks to banks’ overhauled capital management strategies. “That needs to be financed,” Fraser said, “and it’s creating pressure on working capital that needs to be sized appropriately.”

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.

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 One is currently the only financial institution Read More. Innovations Mobile Online Payments Technology Alexa amazon Capital One Echo Mobile banking online banking technology

With $12b in AUM, Personal Capital bets on a human-digital approach

Bank Innovation

For Personal Capital, the path to scale is go broad. Carousel Customer Experience Daily Post 1 Product Design Retail Banking Sales & Marketing Startups Wealth Management Personal Capital robo-adviser

Square Capital Drives Company Revenue

Bank Innovation

Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capitalSquare reported its third quarter 2016 earnings this week, and it’s not a particular surprise that the company exceeded all expectations: for the third consecutive quarter Square surpassed its expected metrics with a GPV of $13.2 billion, up 39% year over year. As was the case last quarter, CEO Jack Dorsey attributed Read More.

CPG Companies Capitalize On Dramatic Digital Shift


Consumer packaged goods (CPG) – which just four years ago had only a 1 percent penetration rate online – are capturing the digital shift in a dramatic way during the pandemic.

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?

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

Alexa von Tobel’s Inspired Capital bets on business neobank Rho

Bank Innovation

Venture capital firm Inspired Capital, which is led by LearnVest founder Alexa von Tobel, is making a bet on business banking startup Rho. Carousel Corporate Banking Customer Experience Product Design Startups business banking Inspired Capital Rho small business banking

Capital One, Discover Tightening Lending Standards


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.

Chinese Tech Sector Faces Capital Crunch


A “capital winter” — a significant funding slowdown and drop in fundraising activities — is bearing down on China, vexed by political strife and economic uncertainty. The tech closures come as a funding shortage has investors wrestling with the end of a venture capital (VC) boom. .

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. The company, which is now worth $1.7 billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong. This new raise brings the amount of money the digital […].

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. Exclusive Lending Mobile Online Payments Technology lending Mobile Payments online payments small businesses Square Square Capital United KingdomThe lending business appears to be treating Square well.

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 ZeroWhile it seems as though the unicorn birth rate is declining, investors are still finding fintech enterprises to sink their teeth (and by “teeth” I mean wallets) into, like the five companies below.

Luge Capital’s Gillani: Canada is becoming a test market for fintech founders

Bank Innovation

Luge Capital, a fintech venture capital firm based in Toronto and Montreal, serves a growing ecosystem of startups north of the border. Artificial Intelligence Capital & Funding Carousel Innovation Strategy Payments Retail Banking Startups Wealth Management Canadian fintech Luge Capital PayPal XoomThis week, it closed a C$85 milion ($65 million) fund for fintech and AI solutions.

DayTek Capital Granted Banking License In Australia


DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says. B2B Payments Australia B2B challenger bank DayTek Capital News What's Hot In B2B

Aiming high and low: Inside Personal Capital’s customer strategy

Bank Innovation

For Personal Capital, the path to scale is to go broad. Carousel Investing Premium Product Design Retail Banking Wealth Management betterment Personal Capital robo robo-adviser WealthfrontAs a result, the Redwood Shores, Calif.-based based hybrid adviser, which has $10 billion in assets under management, is bringing together investing, banking and personal finance management for the largest possible swath of users regardless of portfolio size.

Capital One acquires BlueTarp in appeal to business clients

Bank Innovation

Capital One announced on Friday that it was acquiring BlueTarp, a business-to-business credit company. Capital One […]. Corporate Banking Daily Post 3 Exclusive Lending Premium BlueTarp Capital One Mastercard Visa Wells FargoBanks have focused much of their innovation efforts on retail in recent years, with corporate banking services taking a backseat.

How RBC Capital Markets revamped its data management efforts

Bank Innovation

RBC Capital Markets has looked externally to help it consolidate data in one place, analyze it and better equip employees. Starting in 2013, RBC Capital Markets began collecting all the data it could that was relevant to its clients, including e-commerce data, trades and portfolios. Carousel Corporate Banking Innovation Strategy Premium RBC RBC Capital Market s OpenFin

Lull Hits B2B FinTech Venture Capital Funding


A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). It’s an effort among officials to expand options for young businesses and broaden access to funding beyond venture capital or traditional small- to medium-sized business (SMB) loans.

Gulf Capital, a ‘de novo’ bank, to launch without legacy tech

Bank Innovation

Gulf Capital Bank, Houston’s first new bank to launch since 2009, will open its doors by early next year. Carousel Corporate Banking Product Design FIS Fiserv Gulf Capital Bank ZelleIt confirmed on Monday that it received conditional approval from the Texas Department of Banking and the Federal Deposit Insurance Corporation. Ed Jones, chairman and CEO, told Bank Innovation that the new institution will focus on […].

Capital One cuts card spending limits amid impasse in jobless aid

Payments Source

Consumer lending Discover Financial Services Coronavirus Credit cards Capital OneSome customers have complained of limits being slashed by one-third to two-thirds, eroding their ability to borrow in an emergency during a pandemic or potentially hurting their credit scores.

Capital One's triple whammy

Payments Source

Credit cards Earnings Auto lending Penalties and fines Credit quality Consumer lending Capital OneThe credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.