PYMNTS

MARCH 27, 2017

Fair Square Finanical Holdings, a newly formed company, recently launched consumer credit cards under the name Ollo. In a press release Friday (March 24), Fair Square Financial said it received an equity commitment to finance card issuance from Pine Brook, an investment firm focused on building financial services businesses.

Cards 100

Cards Capital Meeting Risk Management 100

South State Correspondent

MARCH 19, 2024

Credit products are one of the very few products where the customer takes the bank’s capital with the possibility of non-payment – this arrangement requires substantial scrutiny and underwriting by the bank. Commercial mortgages are long-term commitments and typically contain prepayment provisions.

Community Bank 195

Community Bank Community Industry Cards 195

PYMNTS

NOVEMBER 17, 2017

One area of (overlooked) potential lies with credit cards. The community banking model is based on customer relationships and the allocation of capital and extending loans. Issuing cards and creating a payments strategy, he said, can help community banks innovate in effective and exciting ways.

Community Bank 115

Community Bank Community Cards Lending 115

Abrigo

SEPTEMBER 13, 2021

Takeaway 3 The future looks brighter, as financial institutions have cash and capital, and opportunities are starting to unfold. Increases in credit card and auto loan balances are fueling this growth with over half of all financial institutions reporting growth in the loan portfolio in the second quarter. Portfolio Risk & CECL.

FDIC 195

FDIC Lending Capital Trends 195

PYMNTS

SEPTEMBER 15, 2020

Having multiple providers ensures merchants can still access funds from their card transactions even if one bank provider stops operating in a certain industry or currency, for example. A Single Digital EU Market. That framework can be applied to merchants' payment solution providers, too.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

APRIL 12, 2019

“In addition, our continued de-risking of the balance sheet and consistent level of profitability have resulted in capital levels well above our regulatory minimum.”. Credit card transactions hit $18.3 Consumer transactions and auto loans were the main driver of Wells’ Q1 performance. billion. “We

Cards 100

Cards Risk Management Maine America 100

Gonzobanker

SEPTEMBER 21, 2023

Petal spun off Prism Data , a cash flow underwriting solution, and raised equity financing with existing investors and debt financing from Victory Park Capital. Card issuer and processor Marqeta acquired Power Finance , an embedded fintech credit card program. Digital payment provider Strike raised a funding round led by Ten31.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. India-based expense management startup Fyle announced $4.5 Australia’s ANZ Bank led a $1.56

Capital 128

Capital Lending California Regional 128

PYMNTS

MAY 17, 2019

Barclays also participated in the round, as did existing investors such as Bain Capital Ventures, Pivot Investment Partners and JPMorgan Chase & Co., The process can help reduce the money and time for modernization of software for back- and front- office functions like risk management or trading. Reuters reported.

Software 134

Software New York Risk Management System 134

PYMNTS

JULY 27, 2020

Australia and Singapore … rolling out Revolut’s banking operations in Europe … strengthening risk management and compliance … multiple new product launches … $580m in new equity … and customer base up around 2.5x!” The investor was TSG Capital Partners, according to TechCrunch.

United States 140

United States Leadership Risk Management California 140

PYMNTS

NOVEMBER 20, 2019

Through City Possible — Mastercard’s global network for urban co-development — city leaders shared that capital to improve critical infrastructure is one of their biggest concerns. . Contactless ticketing cuts expenses by at least 30 percent but limited budgets make it hard for agencies to come up with the initial capital.

United States 101

United States System New York Risk Management 101

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

JULY 14, 2020

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Leveraging Risk the Right Way.

Lending 130

Lending FDIC Minneapolis Utah 130

South State Correspondent

OCTOBER 26, 2023

The catalyst was likely a panel led by the CEO of Taktile (AI Underwriting), a Partner from Bain Capital, a partner for Andreessen Horowitz, the chief data scientist from Branch International (digital banking fintech for India and Africa), and a tech correspondent for CNBC. You have never heard so many intelligent people sound not so smart.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

NOVEMBER 22, 2016

Digital risk management company RiskIQ released its Black Friday eCommerce Blacklist , which identified that one in 10 Black Friday-specific apps out of the 5,315 total that can be found searching “Black Friday” in global app stores is malicious. Black Friday isn’t just delivering on the deals this year.

Mobile 100

Mobile Branding Risk Management Study 100

PYMNTS

JUNE 25, 2020

Optimizing payment channels to pay vendors is one example in which an organization using paper checks may need to consider commercial card and virtual card adoption to not only ensure accounts payable (AP) can continue to operate while working from home, but also to elevate spend strategy by taking advantage of capital float and card program rebate.

Strategy 151

Strategy Management Tools Cards 151

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

NOVEMBER 7, 2018

CEO Scott Sanborn said that results benefited partly as the firm was and has been able to serve broad range of investors across the company’s platform, marked by varying cost of capital and risk appetites. This is evidenced in the phenomenal growth of our CLUB certificate program.”.

Taxes 159

Taxes Management Risk Management Capital 159

Gonzobanker

JULY 6, 2021

It’s reimagining the financial institution’s processes from a customer, efficiency, and risk management perspective without being constrained by dated technology or the old way of doing things. As this article points out, a core system replacement may not be in the cards for every institution. At least, not right now.

Strategy 158

Strategy System Risk Management Technology 158

PYMNTS

MAY 11, 2018

million in Series A funding for its expense management solution aimed at reducing businesses’ reliance on expense reports, instead linking employees to company credit cards that support real-time spend visibility. The company provides cyber insurance for the enterprise coupled with real-time risk management and mitigation.

Analytics 109

Analytics blockchain California Lending 109

PYMNTS

JULY 22, 2016

Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5 million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. million funding round.

Lending 100

Lending Regulation Big Data Risk Management 100

Abrigo

FEBRUARY 27, 2020

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts.

Lending 243

Lending Survey Data System 243

PYMNTS

OCTOBER 24, 2017

The company announced that going forward, borrowers using OnDeck’s SMB lending marketplace will be able to collect their funds via their debit cards in real time. the borrower can key in their business debit card number at 1:01 p.m. – With Ingo Money’s solution, if a loan is approved on OnDeck at 1 p.m.,

Lending 100

Lending Risk Management Cards Study 100

PYMNTS

MARCH 10, 2017

In response, the external digital risk management team recently released its research assessing dark web and criminal chatter related to tax fraud so far this year. Cybercriminals aren’t always going to go after credit card information, because they don’t have to.

Taxes 144

Taxes Fraud Risk Management Data 144

Independent Banker

MAY 2, 2016

Since joining TS Banking Group through our formal acquisition in October 2014, The Bank of Tioga’s focus has been on growth strategies and expanding our products and services, including a new website, mobile money app, instant-issue debit cards, and wealth management and trust services.

North Dakota 70

North Dakota Community Bank Community Risk Management 70

FICO

SEPTEMBER 30, 2022

Burcu Çalıcıoğlu has more than 18 years of risk management experience in banking and financial services and held various roles in managing retail credit portfolios, leading risk technology projects, using decision analytics and automated decision systems to solve complex business problems across the credit life cycle.

Meeting 52

Meeting Analytics Management Strategy 52

CB Insights

NOVEMBER 21, 2019

Qualifying top five venture capital investors (e.g. venture capital, growth equity, and super angel) and corporates (e.g. corporations and corporate venture capital) must have made equity investments into fintech companies listed on this market map. Capital markets. digital collectibles”). Real estate. Regulatory tech.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments.

Lending 100

Lending Apple Cards Study 100

PYMNTS

DECEMBER 16, 2019

Apple has introduced a credit card and companion card app with personalized offers and an easy customer interface to drive more Services revenue. Intermediaries based on voice, I wrote then, had the potential to shift the power away from the card brands, bank brands and merchant brands to the product brands as consumers got hooked.

Payments 180

Payments Innovation Cards Google 180

CB Insights

FEBRUARY 20, 2020

Two of the most recent unicorns are vertical payments processor Flywire , which raised a $120M Series E from Goldman Sachs, Temasek, Tiger Global, and Adage Capital Management in February 2020 at a $1B valuation, and point-of-sale payments startup Pine Labs, which closed a corporate minority round from Mastercard in January 2020 to reach a $1.6B

Fintech 80

Fintech US Lending Cards 80

PYMNTS

JANUARY 1, 2020

Apple has introduced a credit card and companion card app with personalized offers and an easy customer interface to drive more Services revenue. Intermediaries based on voice, I wrote then, had the potential to shift the power away from the card brands, bank brands and merchant brands to the product brands as consumers got hooked.

Innovation 174

Innovation Cards Google Payments 174

PYMNTS

SEPTEMBER 26, 2016

Cards still remain the fastest-growing digital payment method since 2010, holding at 11.8 FinTechs, as well as the creation of Innovation Labs in banking, are establishing new precedents for developing superior customer journeys,” said Anirban Bose, head of banking and capital markets for Capgemini. China, to start, surpassed the U.K.

Report 100

Report Payments blockchain Security 100

Independent Banker

NOVEMBER 25, 2015

It also exposes banks to risk because they are left to bear fraud-related losses, including card-not-present transactions, card reissuance and the cost of security upgrades such as the chip/EMV card-security technology to the tune of billions every year. Now it has a small-business financing program, Square Capital.

Community Bank 70

Community Bank Community Analytics Lending 70

Gonzobanker

DECEMBER 22, 2020

Best Use of Card Rewards for Seat Upgrades We saw a Great Dane in the Comfort Plus section of the plane. You know that dog either has Capital One or Delta Amex. The Future is Now Award Goes to contactless cards and card-not-present payments. The Best Card Loyalty Reward Goes to ugh… CASH!

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

DECEMBER 17, 2021

Based on a clearly defined strategy, this team has established a dedicated fintech group that offers services ranging from BaaS to sponsoring card issuance and lending, to providing crypto services, to offering niche partnerships to the gaming industry. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Has it worked? Enough said?

Fintech 147

Fintech Strategy Leadership Lending 147

CFPB Monitor

OCTOBER 11, 2018

Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Questions directed at Ms. And in response to questions about the charter’s implications for Federal Reserve requirements and access to Federal Reserve services, Ms.

Policies 60

Policies Lending Data Online 60

PYMNTS

OCTOBER 1, 2018

“When I founded my first startup, it got me thinking — banks are middlemen,” Laplanche said after having learned from friends and family that they would have bankrolled his first startup for less than the interest he was paying on his credit card balances. In 2010, LendingClub added to its war chest with a $24.5 lending marketplace.

Lending 135

Lending Fraud Management San Francisco 135