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What happened to capitalism?
Chris Skinner
APRIL 7, 2020
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 Related Topics 
Global Bankers Release $500B In Capital To Facilitate Lending
PYMNTS
APRIL 5, 2020
Financial regulators have made $500 billion in capital available for lenders around the world , which gives lenders the freedom for another $5 trillion of loans around the world to go toward cushioning the blow the coronavirus has dealt to the world’s economy.
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Lull Hits B2B FinTech Venture Capital Funding
PYMNTS
MARCH 6, 2020
A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. 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.
Capital One’s Eno evolves to give proactive advice
Bank Innovation
FEBRUARY 10, 2020
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
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Sequoia Capital Gives Up $21M In Leaving Finix
PYMNTS
MARCH 9, 2020
In an unusual move for a venture capital firm, Sequoia Capital has parted ways with a company over a conflict of interest, and in doing so, has given up $21 million, according to a report. The venture capital firm is one of Stripe’s biggest investors.
Ripple Invests $25M in Blockchain Capital
Bank Innovation
APRIL 11, 2018
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.
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FHFA’s focus in reforming GSEs: Capital, capital, capital
American Banker
DECEMBER 26, 2019
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.
Tokenized Venture Capital
Daily Fintech
OCTOBER 6, 2019
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
JULY 30, 2019
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.
Quona Capital Raises $203M For FinTech-Boosting Fund
PYMNTS
MARCH 6, 2020
Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. With the fund’s latest close, Quona Capital ’s assets under management (AUM) are at $363 million.
Capital One To Focus On Digital, Close 37 Locations
PYMNTS
FEBRUARY 28, 2020
Capital One is going to increase its focus on digitization and close 37 branches around the U.S., Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. “We Digital Banking banking branch closings Capital One News What's Hot
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Sequoia Capital Foresees Doom For Entrepreneurs As Coronavirus Takes Toll
PYMNTS
MARCH 6, 2020
Venture capital firm Sequoia Capital warned in an email to entrepreneurs on Thursday that the coronavirus could potentially be the herald of a “prolonged” global economic slow-down. Investments 2008 recession Airbnb china Coronavirus economy investors News Sequoia Capital U.S
Capital One: Pressure from non-banks is hurting commercial lending
Bank Innovation
JULY 19, 2019
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 […].
Capital One, Discover Tightening Lending Standards
PYMNTS
OCTOBER 29, 2018
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.
Regulators expand capital relief for community banks
American Banker
APRIL 6, 2020
FDIC Minimum capital requirements Federal Reserve OCC Coronavirus Regulatory relief Community banksAfter Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard.
Agencies encourage banks to use their capital to boost lending
American Banker
MARCH 17, 2020
Regulators issued a rule that gives banks the OK to dip into capital to help households and businesses cope with the economic impact of the coronavirus. Capital requirements FDIC Federal Reserve Liquidity requirements OCC Coronavirus Regulatory relief
WSFS taps blockchain firm Intain to automate capital markets transactions
Bank Innovation
MARCH 11, 2020
WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. The Wilmington, Del.-based
Capital One Offers Free Business Credit Reports
PYMNTS
FEBRUARY 18, 2019
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.
Why Is Capital One the Only Bank Using Alexa?
Bank Innovation
SEPTEMBER 30, 2016
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 Data Breach Sparks GOP Probe
PYMNTS
AUGUST 1, 2019
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.
Square Capital Drives Company Revenue
Bank Innovation
NOVEMBER 4, 2016
Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital
Capital One Acquires FinTech Robo-Adviser United Income
PYMNTS
AUGUST 16, 2019
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.
Luge Capital’s Gillani: Canada is becoming a test market for fintech founders
Bank Innovation
OCTOBER 23, 2019
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.
Walmart And Capital One Team Up For Rewards Credit Card
PYMNTS
SEPTEMBER 18, 2019
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.
Capital One Acquires Trade Credit Firm BlueTarp
PYMNTS
JUNE 24, 2019
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.
Hitachi Capital America Lands Trade Finance Takeover
PYMNTS
MARCH 7, 2019
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.
How RBC Capital Markets revamped its data management efforts
Bank Innovation
SEPTEMBER 27, 2019
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.
Capital One Sees Domestic Card Purchase Volumes Surge 11 Pct
PYMNTS
JANUARY 21, 2020
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
Capital One Hopes to Score Big with Walmart Partnership
Bank Innovation
OCTOBER 25, 2018
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 […].
Aiming high and low: Inside Personal Capital’s customer strategy
Bank Innovation
SEPTEMBER 9, 2019
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
SaaS Enjoys Venture Capital Boom
PYMNTS
SEPTEMBER 8, 2017
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.
New Unicorn Revolut Will Use Capital For International Expansion
Bank Innovation
APRIL 26, 2018
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.
Gulf Capital, a ‘de novo’ bank, to launch without legacy tech
Bank Innovation
OCTOBER 1, 2019
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
Venture Capital Disruptor Clearbanc Raises $50M
PYMNTS
JULY 31, 2019
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 Hacker Indicted On Fraud, Theft Charges
PYMNTS
AUGUST 29, 2019
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.
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