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.

Hacker Arrested In Capital One Breach Affecting 100M+ 

PYMNTS

A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

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 […].

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.

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 Zelle

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.

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. This week, it closed a C$85 milion ($65 million) fund for fintech and AI solutions.

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

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.

Virtu Financial Announces New Business Unit For Capital Markets

PYMNTS

Virtu Financial has announced the launch of its new business unit, dedicated to capital market clients. Before joining Virtu, he spent 18 years at Cantor Fitzgerald as head of Equity Capital Markets. Joshua Feldman is also joining Virtu Capital Markets as managing director.

Secondary Capital and its Limits

New York's State of Mind

At first, it surprised me that NCUA’s denial of credit union secondary capital plans was the issue most frequently being appealed under NCUA’s new regulatory appeals process. However, as I read these decisions and studied the history behind secondary capital, the increasing frustration on the part of credit unions stemmed from NCUA’s contradictory policy goals […]. Compliance General Regulatory Debbie Matz NCUA safety and soundness secondary capital

Capital One Data Breach Sparks GOP Probe

PYMNTS

House Committee on Oversight and Reform Republicans have started a probe into Capital One and Amazon over a massive data breach that affected millions, according to a report by the Financial Times. . One letter was addressed to Capital One Chief Executive Richard Fairbank.

Capital One Acquires FinTech Robo-Adviser United Income

PYMNTS

The retirement-focused United Income will now give automated advice as part of Capital One, which is looking to expand its robo-adviser offerings. . Capital One purchased the company for an undisclosed amount after taking a 10 percent stake last year, American Banker reported on Friday (Aug.

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.

Capital One Hacker Indicted On Fraud, Theft Charges

PYMNTS

A federal grand jury indicted 33-year-old software engineer Paige Thompson, a former employee of Capital One, for the crime. Capital One stored its data with Amazon’s cloud division, called Amazon Web Services , and Thompson accessed the data from there.

Capital One Acquires Trade Credit Firm BlueTarp

PYMNTS

Capital One Financial Corporation announced Friday (June 21) that it has reached an agreement to acquire purchase-to-payment and credit management company BlueTarp. ” Capital One said it plans to close the acquisition in the third quarter of this year.

FinTech Capital Launches With $100M To Fund Startups

PYMNTS

New York-based FinTech startup Capital , an alternative financing company for startups, launched on Wednesday (Oct. 30) with a $100 million fund to invest in middle-stage companies, Capital announced in a press release.

Venture Capital Disruptor Clearbanc Raises $50M

PYMNTS

Clearbanc, a company that provides a funding alternative to traditional venture capital outfits, has raised another $50 million in an equity investment, according to a report. Clearbanc provides an alternative to venture capital funding by offering non-dilutive revenue-share contracts.

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 Fargo

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.

GPS Capital Markets For Sale, Sources Say

PYMNTS

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. B2B Payments B2B foreign exchange FX risk GPS Capital Markets M&A News What's Hot In B2B

Capital One Hopes to Score Big with Walmart Partnership

Bank Innovation

First PayPal and now Capital One have noted the significance of their partnerships with the retailer in recent earnings calls. Just yesterday, in Capital One’s 3Q18 earnings call, Richard Fairbank, CEO and chairman, mentioned that Capital One will be the exclusive issuer of Walmart […].

SoftBank Rescues WeWork With $8B Capital Infusion

PYMNTS

With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. Venture Capital vision fund WeWork What's Hot

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.

Square Capital Drives Company Revenue

Bank Innovation

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

July Data Breach Prompts Transfer Of Capital One Security Chief

PYMNTS

Capital One ’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday (Nov.

Weekly Wrap: Luge Capital courts early-stage fintechs, as payment providers rustle with UX and data privacy

Bank Innovation

In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: Canadian venture firm Luge Capital’s approach to fintech investments; How banks are navigating Zelle’s UX as transaction volume grows; and […].

UX 130

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.

Lighter Capital Broadens AltFin Products For Startups

PYMNTS

Lighter Capital, an alternative lender targeting the startup community, is adding new financing products to its offering. In a press release issued on Wednesday (June 5), Lighter Capital said it will add lines of credit and term loans to its current offering of revenue-based financing.

Notion Capital Goes After B2B SaaS With Launch Of Newest Fund

PYMNTS

based Notion Capital has announced the launch of its newest fund, Notion Capital Venture Fund IV, which will focus on investments in the B2B Software as a Service (SaaS) industry. B2B Payments B2B fund Investment News Notion Capital SaaS U.K.

Hitachi Capital Business Finance Launches Smart Funding Ahead Of Brexit

PYMNTS

Hitachi Capital Business Finance announced the launch of its Smart Funding payment plan, which will allow small businesses to create their own repayment schedule in accordance with their cash flow forecast, as well as the seasonality of their business.

Vietnam Startups Are Attracting Big Venture Capital Money

PYMNTS

Startup companies in Vietnam, ranging from FinTech to logistics and artificial intelligence, are attracting a record amount of venture capital money in the country, according to a report by the Financial Times.

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.

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.

Capital One Resolves Glitch Keeping Customers From Their Money

PYMNTS

Capital One saw an outage on Friday (Nov. Capital One is experiencing a technical issue impacting customer money movement, including direct deposits, and the ability for some customers to access accounts.

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.

Former Amazon worker is accused in cloud hack of Capital One

Bank Innovation

Capital One Financial said data from about 100 million people in the U.S. Bloomberg Carousel Retail Banking Security & Risk Amazon AWS Capital One cloud banking hacking

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.

Inspired Capital’s von Tobel on the next set of problems startups can solve

Bank Innovation

The founder of Learnvest and former chief innovation officer at Northwestern Mutual is now focusing on investments addressing the day-to-day money challenges of everyday people through her venture firm Inspired Capital, which was established earlier this year.

With Softbank investing, working-capital marketplace C2FO closes $200m round ‘for global expansion’

Bank Innovation

C2FO, a nine-year old working capital digital marketplace, on Wednesday raised $200 million in a Series G funding round led by Softbank Vision Fund, with participation from Temasek and Union Square Ventures.

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.

Citi Appointed To Service $80B In Assets For Victory Capital

PYMNTS

Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition. This new business further grows Citi’s existing relationship with Victory Capital.

Bain Capital Hires Keri Gohman As An Operating Partner

PYMNTS

Bain Capital Ventures announced it has hired FinTech industry veteran Keri Gohman as an operating partner. Bain Capital Ventures has invested $600 million across more than 30 FinTech startups over the past seven years, including AvidXchange, IEX, Justworks and Passport.