Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, online lending startup SoFi is looking to go public through a SPAC. Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

San Francisco Community Bank Video Capital 130

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

NOVEMBER 13, 2020

But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain. Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

SEPTEMBER 24, 2020

The shift to digital is backed up by PYMNTS’ research that shows consumers are likely to conduct a significant (and even growing) amount of business, from shopping to ordering from restaurants online until a vaccine is on offer, and likely even after that. Second quarter earnings results for PayPal were the best in the company’s history.

Analytics 293

Analytics Examples Trends Operations 293

PYMNTS

OCTOBER 22, 2020

She said the global pandemic has simply advanced a movement that has been underway for years, which has sought to provide banking access and digital financial services to underserved communities, mostly through mobile devices. I think it can play a very strong role, provided it is built within the context of social justice.?”.

Payments 206

Payments Community Mobile Comparison 206

PYMNTS

JANUARY 13, 2021

billion planned acquisition of Plaid after objections stemming from a Department of Justice (DOJ) antitrust lawsuit, which said it would put Visa in a position to maintain a monopoly in the online debit card market. 13) on the Nasdaq Global Select Market and the Nasdaq Capital Market under the symbols “BTRS” and “BTRSW,” respectively.

Analytics 145

Analytics Fraud Payments Capital 145

PYMNTS

OCTOBER 9, 2018

63 percent of small businesses applied for a working capital loan last year, data from S&P Global Market Intelligence recently found. However, Dave Gilbert, founder and chief executive officer of SMB alternative lending firm National Funding , said he’s seen a trend of growing traction within the small business community.

National 167

National Regulation Capital Industry 167

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

JANUARY 29, 2020

Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include a lack of transparency and sky-high fees and interest rates. small businesses had sought a loan online, compared to just 19 percent that did so in 2017.

Lending 136

Lending New York Online New Jersey 136

PYMNTS

JANUARY 31, 2020

Selling alcohol is already a byzantine, heavily regulated industry, and subscription delivery services have already caused disruption. Coatue, Combine, Dream Machine, Haystack Ventures, Homebrew, Shrug Capital, Resolute Venture Partners, and Work Life Ventures, among others, all contributed to Haus’ initial funding.

Millennials 108

Millennials Capital Community Regulation 108

PYMNTS

FEBRUARY 27, 2020

Businesses of all kinds suffer from the pervasiveness of fraud, with a recent study finding that 40 percent of retailers, restaurants and insurance companies had their online expansions impeded by cybercrime. Online dating fraud, for example, is a pandemic in the Netherlands, where incidences more than doubled over the past two years.

Fraud 150

Fraud Examples Online Data 150

PYMNTS

FEBRUARY 19, 2019

As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services. He pointed to the Community Reinvestment Act, which encourages banks to loan to small businesses.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

SEPTEMBER 28, 2020

When an organization is bearing an ever-increasing burden of outstanding accounts receivables, there are multiple sources of capital to which it can turn. This can come with a whole host of other problems, although some regulators have taken steps to broaden the scope of borrower protections to include SMBs. The Predatory Lending Trap.

social media 215

social media Capital Fintech Operations 215

PYMNTS

AUGUST 14, 2017

There seems to be an awful lot of piling on these days on the big online platforms. The regulators in Europe piled a $2.7 I wrote a whole piece about this several weeks back, where I did a bit of my own piling onto the EU for the reality-challenged arguments behind the fine and its new regulations of Google. Then there’s Amazon.

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

JUNE 17, 2019

However, reports noted that the companies ultimately decided against pursuing a national charter, fearing that doing so might jeopardize their relationships with state-level regulators, particularly in the context of state lawsuits filed against the OCC over its authority to create such a national-level bank charter.

Google 142

Google National Fintech Regulation 142

PYMNTS

JUNE 24, 2016

Online to offline coming to Walmart near you, and we mean that sincerely. Online lending . When the regulators come marching in, getting out of the way is usually a better idea. The Ethereum community is, surprisingly, split on whether the exploit should be fixed. The venture capital backers are no doubt smiling. .

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

NOVEMBER 26, 2019

The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. Yordex offers virtual cards as well, which can be used to manage online business expenses, such as recurring subscription charges. billion in value by 2025. Inside The Playbook.

Tools 141

Tools Boston Cards Management 141

PYMNTS

SEPTEMBER 25, 2019

Social media is also useful for credit unions, providing them with cost-effective ways to establish online presences, recruit new members and gain insight into their needs. Another CU effectively leveraging its social media presence is Coast Capital Savings Federal Credit Union, Canada’s la rgest CU with 543,000 members and $20.1

social media 128

social media Study Survey United States 128

PYMNTS

MAY 10, 2019

A community-wide effort to improve compliance standards would prevent liabilities that might stem from trading with bad actors or dealers that trade with bad actors,’’ Darius Sit, a Singapore-based managing partner at crypto trading firm QCP Capital, said, according to Bloomberg. “A

Bitcoin 100

Bitcoin blockchain Community Chicago 100

Independent Banker

JULY 28, 2016

She explained why lawmakers should exempt community banks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. To their credit, federal regulators have already showed they are on board with the approach laid out in FASB’s final standard. Senate Banking Committee.

Community Bank 70

Community Bank Community Connecticut Regulation 70

Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. It’s an important topic that Celent discussed in a report published last year: And Then There Were None: The Disappearance of Community Banks.

Conference 100

Conference Retail Community Austin 100

PYMNTS

MARCH 12, 2019

Alternative lenders position themselves as faster, technologically-savvy options for small to medium-size businesses (SMBs) that seek capital, while many of the FinServ providers in the running for RBS funds operate as digital-first companies ready to meet small firms’ need for automation, online platforms and cutting-edge banking services.

Metro 139

Metro Community Industry National 139

Jeff For Banks

FEBRUARY 27, 2016

First online bank, the imminently recognizable Orange Account, yadda yadda yadda. So its brand didn't blow away its buyer, Capital One, either. If Moven driven deposits keep coming in, CBW may have to raise capital to support the balance sheet. Followed by regulation. With a firm dose of capital. I suppose he was.

Fintech 60

Fintech Kansas Community Bank Capital 60

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

DECEMBER 2, 2019

Then again, looking that far into the future may overlook some of the challenges — and opportunities — that lie in the here and now in the payments space, amid a venture capital landscape that has changed markedly over the last few years. That’s been at the heart of this WeWork question,” he said. Neobanks: Overcapitalized?

Capital 127

Capital Innovation User Experience Payments 127

PYMNTS

SEPTEMBER 28, 2016

Then, there’s the threat of regulation as the CFPB, the Federal Reserve, the Federal Trade Commission and the U.S. The strength of the national economy means there isn’t a shortage of demand among small businesses for working capital to fuel their growth. as well as the threat of regulation.

Lending 100

Lending Regulation Capital Industry 100

PYMNTS

DECEMBER 30, 2016

Executives from Payoneer, NCR, FTV Capital and Ingo Money touch upon all of these trends as they tell PYMNTS their own visions for B2B payments next year. However, the payments processing (back end) fails to keep pace due to siloed legacy systems and burdensome regulations. Find out what they had to say below.

Industry 125

Industry Trends Capital Payments 125

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. More than 90 percent of survey respondents said they feel the government did not adequately prepare the small business community for the new tax code. National Small Business Week is this week in the U.S.,

Taxes 144

Taxes America National Community 144

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

Abrigo

NOVEMBER 9, 2022

For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said. Use a software tool [and] ensure your auditors and regulators are in the loop on progress.” Banks regulated by the Federal Reserve, the OCC, or the FDIC made up the bulk of institutions represented by survey-takers (73%).

Survey 195

Survey Software Resources Meeting 195

PYMNTS

JULY 1, 2016

Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Find out which alt lenders secured $77 million in venture capital, as well as the other startups across the U.S., Europe and Asia that followed suit with their own investment rounds.

Lending 101

Lending Analytics Capital Industry 101

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70