INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. MORE
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. MORE
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. MORE
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 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
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
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
Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital 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
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. 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
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. 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
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
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. MORE
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 MORE
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. MORE
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. MORE
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. 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
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 […]. 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
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. 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
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
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
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. 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
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
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 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
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
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 MORE
Capital Related Topics 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.
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
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 […].
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.
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
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.
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.
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
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
NOVEMBER 7, 2019
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.
New York's State of Mind
NOVEMBER 18, 2019
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
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.
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
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.
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.
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.
PYMNTS
OCTOBER 30, 2019
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.
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.
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
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
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
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
OCTOBER 23, 2019
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
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
NOVEMBER 4, 2016
Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital
PYMNTS
NOVEMBER 7, 2019
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.
Bank Innovation
OCTOBER 25, 2019
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 […].
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
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.
PYMNTS
OCTOBER 3, 2019
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.
PYMNTS
OCTOBER 7, 2019
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.
PYMNTS
JULY 24, 2019
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.
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.
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 3, 2019
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.
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.
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
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.
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.
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
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.
PYMNTS
OCTOBER 3, 2019
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.
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.
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