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 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

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.

Inside Capital One’s efforts to build a personality for digital assistant Eno

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 its customers. Premium Retail Banking artificial intelligence Capital One chatbot Eno Erica Nomi

Capital One, Discover Tightening Lending Standards

PYMNTS

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.

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.

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.

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.

Fortino Capital Backs Dutch T&E Firm Declaree

PYMNTS

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.

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.

Inside Capital One’s efforts to build a personality for digital assistant Eno

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 its cust.

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.

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 […].

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.

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 On Tap Launches SMB Card With Receipt Bank

PYMNTS

small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday (July 8).

Square Capital Drives Company Revenue

Bank Innovation

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

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.

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.

Panxora Safeguards ICO Capital For Treasurers

PYMNTS

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.

SEC’s Jackson: Tech can solve problems in capital markets, eventually

Bank Innovation

Securities & Exchange Commission commissioner Robert Jackson, technology can help solve lingering problems in the capital markets, such as high fees that are a result of low competition. “I I think a lot of the issues that plague our capital markets today can be solved and will be solved by technology,” he said […]. Capital & Funding Compliance Daily Post 2 Exclusive Bear Stearns capital markets IPOs SECAccording to U.S.

Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

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.

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.

GE Capital Exits Trade Finance With MUFG Acquisition

PYMNTS

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations.

Capital optimization for desk restructuring under FRTB

Insights on Business

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.

Small biz lender BFS Capital hires CTO/CPO to head platform revamp

Bank Innovation

Small business lender BFS Capital has hired industry veteran Fred Kauber as chief technology officer and chief product officer. Mark Ruddock, CEO of BFS Capital, told Bank Innovation […]. Lending Premium BFS Capital lending small business lending

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.

Highspot Secures $60M In Funding Round Led By ICONIQ Capital

PYMNTS

ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures. Investments funding Highspot Iconiq Capital investments News What's Hot

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

FSB Says Higher Bank Capital Requirements Will Remain

PYMNTS

Europe’s Financial Stability Board ( FSB ) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis, will remain. through its Working Capital program.

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

FSB Says Higher Bank Capital Requirements Will Remain

PYMNTS

Europe’s Financial Stability Board said Friday (June 7) that higher bank capital requirements put on the books during the financial crisis will remain. The company said more than 37,000 businesses have tapped into its working capital offerings, which debuted five years ago.

Square Capital Expands SMB Loan Access To Third Parties

PYMNTS

Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the Invoice2go app. In a press release, the companies said the partnership marks the first time Square Capital, the small business loan program developed by Square, has inked a partnership in which customers get embedded access to business loans via a mobile app. “By

Capital One Misses On Q4 Revenue As Card Loans Increase

PYMNTS

Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. billion, a jump Capital One said was mainly due to a 65 percent increase in marketing expenses.

Judo Capital Taps VERMEG For Reporting Compliance

PYMNTS

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license.

Capital One Tops Q1 Views; Credit Card Loans Up 2 Pct

PYMNTS

Capital One Financial posted results that were higher than Street estimates as its core card business grew, as did commercial lending activity. Earnings Capital One capital one financial charge-off commercial lending credit cards earnings loans News originations What's Hot

Credit unions get reprieve (again) on capital rule. Bankers jeer

BankThink

The NCUA proposed Thursday to put off until 2022 implementation of a rule that would require larger credit unions to hold more risk-based capital.

AVCA 2019 private equity and venture capital conference in Nairobi

Bankelele

The 16th annual conference of African Private Equity and Venture Capital Association (AVCA) was held from 1st -3rd April 2019 at the Radisson Blu Hotel in Nairobi. This flagship conference event for the African continent had a fantastic kick-off and turnout, bringing together private equity and venture capital investors […]. The post AVCA 2019 private equity and venture capital conference in Nairobi appeared first on Bankelele.

Capital One Treasury Head: AI and ML Driving Customer Experience Improvements

Bank Innovation

Phil Beck, Head of Treasury Management at Capital One, is almost a year into his job at the McLean, Virginia-based bank, where his focus has been getting commercial banking up to speed with the digital economy.

SEC Appoints Small Business Capital Committee Members

PYMNTS

Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. The U.S.

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?

Banks clear CCAR stress test — though JPMorgan Chase, Capital One barely

BankThink

In a year where most of the 18 institutions taking the second round of the Federal Reserve's stress tests showed improvements over last year, JPMorgan Chase and Capital One were both forced to adjust their capital plans in order to meet the central bank's minimum thresholds.