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?

Axele, Apex Capital Team On Carrier Accounting

PYMNTS

Transportation management system (TMS) company Axele will be doing a new strategic partnership with Apex Capital , integrating its TMS with Apex’s freight factoring solution, a press release said Wednesday (April 28).

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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.

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 Eno

10 Keys to AI Success in 2021

Capitalizing on the incredible potential of AI means having a coherent AI strategy that you can operationalize within your existing processes. Learn how organizations are overcoming hurdles and realizing the enormous rewards that AI can bring to any organization.

How does international capital flow?

BankUnderground

Understanding gross capital flows is crucial for both macroeconomic and financial stability policy. However, theory is lagging behind empirical work , as much of the literature continues to rely on net capital flow models developed many decades ago.

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.

Porter Capital Launches Help For Staffing Companies

PYMNTS

Porter Capital and Porter Freight have launched new products to help staffing companies and essential workers, a press release said on Monday (April 19). Porter Capital has recently boosted its line size to a range of $5,000 to $20 million.

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

Bain Capital Amasses $11.8 Billion For North America Buyout Fund

PYMNTS

Private equity powerhouse Bain Capital has raised $11.8 We will continue to find interesting, transformational deals by leveraging our global resources and experience, our sourcing network, and vertical industry depth,” Bain Capital Co-Managing Partner John Connaughton said, per Reuters.

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

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.

Serent Capital Invests In Procurement Partners

PYMNTS

Procurement Partners , which works on procure-to-pay (P2P) services for healthcare providers, has received an investment from Serent Capital , according to a press release. B2B Payments B2B Healthcare Investments News Procurement Partners Serent Capital What's Hot In B2B

FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act

PYMNTS

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). Security & Fraud Capital One FinCEN News What's Hot

Bain Capital Nets $800M For Business Impact Funding

PYMNTS

Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. Investments bain capital funding 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 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.

Hopper Lands $170 Million, Launches Travel Partnership With Capital One

PYMNTS

Mobile travel app Hopper has pulled in $170 million in additional venture funding fueled by its new partner in the travel industry, Capital One. Hopper said the goal is to create Capital One Travel for the banking giant’s cardholders, according to a Wednesday (March 24) press release.

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

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.

Lendica Partnerships Could Boost Cannabis Industry Capital

PYMNTS

Automated financing platform Lendica , which works specifically with the cannabis, hemp, cannabidiol (CBD) and other high growth industries, is now announcing a suite of partnerships to help those kinds of businesses access capital, a press release said on Thursday (April 1).

Clearco: Performance-Based Financing Bridges Digital SMB Capital Divide

PYMNTS

Raising money via the venture capital route takes time, and in many cases, connections via a personal network. As such, coupling capital with data-driven insight and support has become a focal point for Clearco.

Porter Capital Offers New Funding Tools To PPP Recipients

PYMNTS

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Fundraising Software Firm Classy Lands $118 Million In Venture Capital

PYMNTS

According to the release, the venture round was led by Norwest Venture Partners , “a mission-driven venture capital firm.” Existing backers Salesforce Ventures and Hinge Capital also participated in the round. Investments classy funding News nonprofits Venture Capital What's Hot

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 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?

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.

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

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.

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.

Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

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.

Serent Capital Starts New Fund; Bullish On B2B Payments Category

PYMNTS

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. B2B Payments B2B Investments News Procurement Partners Serent Capital Serent Capital IV

What went wrong at Greensill Capital?

Daily Fintech

Greensill Capital (a UK based supply chain finance company founded in 2011) filed for insolvency protection on March 8, 2021, having raised over $2 billion in capital. The post What went wrong at Greensill Capital?

Walmart Eyes FinTech Expansion With Ribbit Capital Partnership

PYMNTS

As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. Retail FinTech News Ribbit Capital walmartFor Walmart, FinTechs are in sight — but where to from here?

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