Chinese Tech Sector Faces Capital Crunch

PYMNTS

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. .

Capital One Sees Domestic Card Purchase Volumes Surge 11 Pct

PYMNTS

Amid the spate of financial institutions reporting results that show increased traction in consumer spending — especially across credit cards — add Capital One Financial to the list. Earnings capital one credit cards capital one financial News

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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.

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.

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 […].

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

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.

Greensill Capital Nears Rollout Of On-Demand Wage Access App

PYMNTS

Supply chain financing company Greensill Capital is gearing up to launch its first consumer-facing product, a mobile app connecting employees to access to earned wages on-demand. B2B Payments B2B Greensill Capital mobile app News supply chain financing wages What's Hot In B2B

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.

FHFA’s focus in reforming GSEs: Capital, capital, capital

American Banker

A risk-based capital rule for Fannie Mae and Freddie Mac is expected to top the agenda in 2020 as the companies’ regulator executes plans for their release into the private sector.

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.

Walmart And Capital One Team Up For Rewards Credit Card

PYMNTS

Walmart has announced it is teaming up with Capital One on a new credit card to be released on Sept. There will be two versions available: the Capital One Walmart Mastercard and the private-label Walmart Rewards Card.

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

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.

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

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.

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.

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

Square Capital Drives Company Revenue

Bank Innovation

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

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.

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 […].

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

eWallets Don’t Make Money, Says Mandiri Capital Chief

PYMNTS

The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports.

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.

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.

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

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.

Zetwerk Raises $32M Series B Led By Lightspeed, Greenoaks Capital

PYMNTS

Indian business-to-business (B2B) marketplace startup Zetwerk has raised $32 million in funding, led by new investors Lightspeed and Greenoaks Capital , reports said on Tuesday (Dec.

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

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.

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 […].

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