INDUSTRY INSIGHTS YOUR PEERS ARE READING
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 […]. MORE
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. MORE
The Capital One data breach that affected millions and spawned an investigation by the New York attorney general as well as a class-action lawsuit, has a new set of detractors: U.S. Also on Tuesday, a man affected by the Capital One breach filed a lawsuit against the firm. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital MORE
Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility. MORE
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. MORE
Compliance E-Commerce Insurance Mobile Online Payments Startups Technology Avalara Certona compliance eCommerce Estify FTV Capital funding SaaS software venture capital Zero MORE
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. MORE
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. MORE
Federal prosecutors believe that the woman allegedly responsible for the Capital One hacking is a danger to society who needs to stay in prison while awaiting trial. Thompson is accused of stealing personal data on more than 100 million Capital One customers. MORE
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. MORE
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 MORE
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. MORE
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. MORE
Capital Compliance Cryptocurrency Exclusive Operations Startups Bitcoin BlockChain Blockchain + Digital Currencies cryptocurrency Deloitte digital currency ICOs KYC Waves Platform MORE
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. MORE
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 MORE
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 MORE
Capital One is contemplating how it can use data management technology, the cloud, APIs and artificial intelligence to meet the needs of middle-market businesses that increasingly are turning away from paper checks toward digital payments. MORE
review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). Green means that the desk can continue reporting capital under IMA. to find the optimal capital. MORE
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. MORE
When most financial executives read the headline “Capital One Data Breach,” they had two thoughts: How is this going to impact the financial sector? In this case, information about Capital One ’s customers. Aren’t both AWS and Capital One both responsible? MORE
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. MORE
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 MORE
One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached. MORE
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. MORE
According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Chime isn’t the only challenger bank to raise capital in recent months. MORE
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 […]. MORE
Fortino Capital Partners revealed that it has invested in Declaree , expanding its portfolio of travel and expense management companies. We are convinced to have found the right strategic partner in Fortino Capital,” said Janssen in a press release. MORE
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. MORE
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. MORE
Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. Capital One uses the cloud hosting services of AWS. MORE
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. MORE
million in Series B funding led by Blue Lagoon Capital and TranksLink Capital. The $50 million raised by India’s BharatPe this week will be used by the startup to broaden its working capital solution, TechCrunch reported this week. MORE
Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and its customers. Premium Retail Banking artificial intelligence Capital One chatbot Eno Erica Nomi MORE
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. MORE
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. MORE
Capital Related Topics 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.
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.
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
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 […].
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.
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.
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.
PYMNTS
SEPTEMBER 17, 2019
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.
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.
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.
PYMNTS
AUGUST 9, 2019
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
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.
Bank Innovation
JUNE 26, 2019
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
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.
Bank Innovation
AUGUST 8, 2019
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.
Bank Innovation
JULY 30, 2019
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
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 […].
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.
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.
PYMNTS
JUNE 6, 2019
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.
Bank Innovation
NOVEMBER 4, 2016
Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital
Bank Innovation
JUNE 12, 2019
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.
PYMNTS
AUGUST 1, 2019
Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. Capital One uses the cloud hosting services of AWS.
PYMNTS
APRIL 8, 2019
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.
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.
PYMNTS
AUGUST 24, 2019
The woman who was accused of hacking into Capital One’s cloud and swiping the information of more than 100 million people was denied bail, Bloomberg reported on Friday (Aug.
PYMNTS
APRIL 18, 2019
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.
PYMNTS
NOVEMBER 8, 2018
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.
PYMNTS
AUGUST 22, 2019
Federal prosecutors believe that the woman allegedly responsible for the Capital One hacking is a danger to society who needs to stay in prison while awaiting trial. Thompson is accused of stealing personal data on more than 100 million Capital One customers.
Gonzobanker
AUGUST 14, 2019
When most financial executives read the headline “Capital One Data Breach,” they had two thoughts: How is this going to impact the financial sector? In this case, information about Capital One ’s customers. Aren’t both AWS and Capital One both responsible?
PYMNTS
JUNE 24, 2019
Fortino Capital Partners revealed that it has invested in Declaree , expanding its portfolio of travel and expense management companies. We are convinced to have found the right strategic partner in Fortino Capital,” said Janssen in a press release.
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.
PYMNTS
AUGUST 30, 2019
million in Series B funding led by Blue Lagoon Capital and TranksLink Capital. The $50 million raised by India’s BharatPe this week will be used by the startup to broaden its working capital solution, TechCrunch reported this week.
Bank Innovation
JULY 1, 2019
Capital One is contemplating how it can use data management technology, the cloud, APIs and artificial intelligence to meet the needs of middle-market businesses that increasingly are turning away from paper checks toward digital payments.
Insights on Business
MARCH 12, 2019
review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). Green means that the desk can continue reporting capital under IMA. to find the optimal capital.
Bank Innovation
MAY 4, 2017
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.
Bank Innovation
DECEMBER 28, 2017
Capital Compliance Cryptocurrency Exclusive Operations Startups Bitcoin BlockChain Blockchain + Digital Currencies cryptocurrency Deloitte digital currency ICOs KYC Waves Platform
PYMNTS
JULY 31, 2019
One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.
Bank Innovation
SEPTEMBER 26, 2016
Compliance E-Commerce Insurance Mobile Online Payments Startups Technology Avalara Certona compliance eCommerce Estify FTV Capital funding SaaS software venture capital Zero
PYMNTS
MARCH 5, 2019
According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Chime isn’t the only challenger bank to raise capital in recent months.
Bank Innovation
JULY 9, 2019
Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and its customers. Premium Retail Banking artificial intelligence Capital One chatbot Eno Erica Nomi
PYMNTS
APRIL 18, 2019
Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility.
PYMNTS
JULY 30, 2019
The Capital One data breach that affected millions and spawned an investigation by the New York attorney general as well as a class-action lawsuit, has a new set of detractors: U.S. Also on Tuesday, a man affected by the Capital One breach filed a lawsuit against the firm.
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