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? We are suddenly living in a world where everyone is being told to stay home and do nothing … and get paid for it. appeared first on Chris Skinner's blog.

Stripe Capital Extends Business Lending To Online Platforms

PYMNTS

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform.

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Capital flights during Covid-19

BankUnderground

While planes were grounded, capital flew out of emerging market economies in response to the acceleration in the spread of the virus in the early stages of the Covid-19 pandemic. Fernando Eguren-Martin, Cian O’Neill, Andrej Sokol and Lukas von dem Berge.

A post-pandemic path forward for banking and capital markets

Accenture

In my last post, I talked about the significant impact of COVID-19 on the banking and capital markets (B&CM) value chain and how leaders are in a unique position to respond, reset and renew the finance function to lead confidently in the post-pandemic era.

Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos

Abrigo

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. Current environment = Challenging stressed capital planning.

COVID-19’s impact on banking and capital markets

Accenture

The COVID-19 pandemic has had a significant impact on the banking and capital markets (B&CM) industry as liquidity, rates and fees continue to be stressed and regulatory and business-driven demands evolve rapidly. Uncategorized Banking Capital Markets COVID-19

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

PYMNTS

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 EnoThree years after Eno’s launch, the bank is adding capabilities that go beyond simple balance inquiries to proactive insights on customers’ spending behaviors.

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

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

PYMNTS

Many firms, particularly larger ones, find themselves in “a strong and stable position” from a cash and liquidity perspective as a result of their greater access to capital and credit markets.

Square Capital Chief To Step Down

PYMNTS

Jacqueline Reses , head of Square 's Square Capital unit, is stepping down as of Oct. Square Capital is the company's small business financing arm, providing loans from $300 up to $10,000, charging a single fee for loans.

Driving Retail’s Rebound With A Human Capital Revamp

PYMNTS

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.

Banks should capitalize on saved time to empower RMs

Accenture

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.

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.

Oracle Debuts New Tech To Optimize Capital

PYMNTS

Oracle is offering a new supply chain finance feature to help banks access more flexible financing options and working capital, a press release says.

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

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

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?

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.

DayTek Capital Granted Banking License In Australia

PYMNTS

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.

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

SellersFunding Expands Working Capital Services To Canada, UK, EU

PYMNTS

It offers services via a combination of access to working capital, daily advances and global cross-border payment features, allowing for an end-to-end picture of how a company is doing.

Hitachi Capital Unveils Planning Initiative To Help SMBs

PYMNTS

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.

Israel’s Red Dot Capital Likes Southeast Asia’s COVID Comeback Story

PYMNTS

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia.

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 […]. Capital Cards Exclusive Mobile Online Open Fintech Payments Premium Retail Capital One PayPal walmart

Citi Debuts Mobile App For Companies Seeking Capital

PYMNTS

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. B2B Payments B2B capital Citi Citi Supplier Finance financing Latin America Mobile Applications News What's Hot In B2B

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.

Corsair Capital Plans MSTS Acquisition To Boost B2B Payment Business

PYMNTS

Corsair Capital has agreed to acquire B2B credit and payments provider MSTS , purchasing the company from World Fuel Services Corp. Jeremy Schein , partner at Corsair Capital, said the acquisition is meant to capitalize on the increasing digitization of the B2B market.

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.

Capital One Reports Drop In Domestic Card Average Loans Amid Pandemic

PYMNTS

Capital One reported on Thursday (Oct. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64 Overall, Capital One reported $5.05

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.

Deep Dive: Slowing Down, Saving Up: Capital Management Conundrums

PYMNTS

This can help cash-strapped companies operate, even with reduced capital in reserve. . The World Health Organization ’s March 11 pandemic declaration triggered a wave of closures and job losses, and businesses around the globe are still reeling from the impact.