PYMNTS

FEBRUARY 14, 2018

s Chief Executive Tim Sloan said at an investor conference Tuesday (Feb. According to a report in Reuters covering comments Sloan made at the investor conference, he said the bank is open for business and that nothing much has changed for the company. Wells can still lend and take deposits. Wells Fargo & Co.’s

Regulation 100

Regulation Conference Compliance Lending 100

PYMNTS

AUGUST 7, 2018

OnDeck Capital reported second quarter results that showed continued growth in loan originations and improved credit quality metrics. On the conference call, management noted the strength of small business lending that has continued against a sanguine macroeconomic environment. percent, where last year it was 7.2

Conference 100

Conference Lending Analytics Capital 100

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Kaplinsky and Scott M. ” He then discussed the CFPB’s two most recent requests for information. .”

Conference 74

Conference Policies New York City Data 74

Abrigo

MAY 5, 2022

Sometimes 20 minutes, sometimes 50 minutes, this podcast digs into such topics as creating branch experiences that go hand-in-hand with digital ones, identifying risk, and consumer lending. Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". Lending & Credit Risk. keep me informed.

Community 195

Community Lending Maine Resources 195

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

SEPTEMBER 14, 2016

Australian FinTech firm Tyro says the gap in small business lending among traditional banks is “staggering” at A$7 billion (about $5.2 At present, Tyro said, inefficiency and a lack of access to capital are the top challenges for SMEs looking to grow and thrive. On Wednesday (Sept.

Innovation 100

Innovation Conference Capital Lending 100

PYMNTS

NOVEMBER 12, 2019

The country is laying the groundwork to be the first nation to launch a digital currency and will balance privacy concerns with government oversight, Reuters reported. China is planning to launch a digital currency in early 2020 that will make allowances for privacy, a senior central bank official said on Tuesday (Nov.

Bitcoin 101

Bitcoin cryptocurrency blockchain Conference 101

Gonzobanker

FEBRUARY 29, 2024

Well folks, they’re back—the cries from the rooftops, in the media and at conferences that “Scale Matters” in our consolidating and technically transforming banking industry. A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. Why is this important?

Tools 152

Tools Analytics Data System 152

PYMNTS

AUGUST 1, 2018

The proposed changes include moving the collection and storage of small business lending data, required under the Dodd-Frank Act , from the Consumer Financial Protection Bureau (CFPB) to the Office of Financial Research (OFR). It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

NOVEMBER 12, 2019

An Oxford Business Group report on the nation pointed to an estimated 2.5 If entrepreneurs can’t get capital from a bank, they will look for other sources.”. For instance, such informal lending means arbitrary interest rates and repayment agreements. These alternative sources of finance add complexity in more ways than one.

Lending 102

Lending Analysis America Strategy 102

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Questions directed at Ms.

Policies 60

Policies Lending Data Online 60

PYMNTS

SEPTEMBER 28, 2016

Investors have cooled off to alternative lending in the U.S. Just look at the near-immediate struggle faced by Lending Club and OnDeck after their IPOs in 2014, or more recently, the knock-on effect Lending Club’s less-than-noble lending practices have had on investor confidence in other marketplace lenders.

Lending 100

Lending Regulation Capital Industry 100

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. making it one of the nation’s first new community banks in years. months in the first half of 2018, from 5.6

Marketing 108

Marketing Community Community Bank Industry 108

Jeff For Banks

JUNE 4, 2018

At a recent banking conference an industry consultant said, matter of factly, that in times of stress your Federal Home Loan Bank (FHLB) borrowing capacity would dry up. The national average rate for a money market account at the end of last year was 0.09%. So opened the Summer 2017 FDIC Supervisory Insights issue. What would you do?

FDIC 60

FDIC System Regulation Conference 60

PYMNTS

AUGUST 20, 2018

That caution comes even while the door is being opened for some lenders such as OnDeck Capital to operate nationally rather than contending with a patchwork of state regulations and operating in each market, in effect, locally. Might a floodgate be opened — if only one were to open the floodgates?

Fintech 101

Fintech Survey Regulation Resources 101

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

FEBRUARY 14, 2020

The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. The wholesale bank will be divided into a separate investment bank that has a capital markets focus and a commercial bank providing back-end services for companies.

Retail 141

Retail Cards Millennials Fraud 141

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth.

Fintech 143

Fintech Strategy Leadership Lending 143

Independent Banker

NOVEMBER 30, 2022

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Grand Ridge National Bank.

Community Bank 169

Community Bank Community Montana Leadership 169

Gonzobanker

JULY 7, 2015

In recent years, the trade press and industry conferences have buzzed with admiration for digital darlings such as Simple, Moven, GoBank and BankMobile. Capital One* 29,565,607 54,374,989 24,809,382. Capital One figures are for Capital One USA direct bank and not the regional bank components. billion in 2010.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

Jeff For Banks

JUNE 24, 2010

Economists and government officials continue to cite lack of lending activity as a key contributor to our economic malaise. Much of the standoff revolves around real estate secured lending. One regulator, on a panel at a banking conference, told a tale of a recent conversation he had with his regional director.

Lending 66

Lending FDIC Regulation Regional 66

Fintech Labs Insights

MAY 17, 2017

Our first developers conference in the U.K. Online Lending Innovator SoFi Launches Robo Advisor. Ohio-based First National Bank of Pandora chooses core account processing platform from Fiserv. Ohio-based First National Bank of Pandora chooses core account processing platform from Fiserv. is just over a month away.

Ohio 17

Ohio Community Conference Capital 17

South State Correspondent

OCTOBER 28, 2022

While we have the technology to solve all of the above and more, there was a realization at both conferences that we are still decades away from developing a workable ecosystem and creating widespread adoption. While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences).

Conference 195

Conference Technology Las Vegas Trends 195

Jeff For Banks

OCTOBER 19, 2012

If I said it once, I said it one thousand times: “My biggest fear is that the Fed is sowing the seeds of the next crisis with their flatter yield curve tricks, leaving many investors holding these low yielding long bonds when rates rise in future years, unable to get out without substantial capital losses.” in July and CoreLogic, +4.6%

National 79

National Security US Massachusetts 79

Independent Banker

JANUARY 26, 2016

ICBA has planned an educational lineup of more than 60 workshops and networking sessions for next month’s Community Banking LIVE conference in New Orleans. Many workshops will address changes shaping our industry today as well as its future. Here’s what three of those forward-looking workshops will be covering. On New Competitors.

Community Bank 70

Community Bank Community San Diego Strategy 70

Gonzobanker

DECEMBER 19, 2017

While the darling of FinTech conferences, this divestiture seems primarily driven as a means of Customers delaying the $10 billion Durbin hit and maintaining quarterly EPS expectations from the Street. The Get Outta Dodge (and Focus) Award – Goes to Capital One for exiting a significant mortgage business to focus on cards and direct banking.

Conference 91

Conference Industry Community Bank Community 91

Fintech Labs Insights

AUGUST 12, 2016

If unanimously positive perceptions are the hallmark of a bubble, then rest assured that the alt-lending market has moved past that stage. So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Looking at the P2P lending market in the U.K., Other trending topics.

Trends 12

Trends Lending Fintech blockchain 12

Independent Banker

JANUARY 31, 2022

“There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank. Amarillo National Bank (ANB) in Amarillo, Texas, plans to open its first full-service retail branch in the home of the Alamo this year, but the $7.6-billion

Texas 182

Texas San Antonio Community Bank Community 182

Fintech Labs Insights

MAY 4, 2015

To give you a feel of the caliber of the crowd you’ll be joining at FinovateSpring 2015 in San Jose, take a look at a sample of the more than 500 companies attending this year’s conference. Alten Capital. Baird Capital Partners. Capital One. Capital Source. City National Bank. Crosslink Capital.

San Jose 12

San Jose San Francisco Capital America 12

Abrigo

JUNE 12, 2023

According to the Conference of State Bank Supervisors , the number of money transmitters grew by 13% in 2021 in the U.S. A national framework would provide a level playing field, fostering innovation and competition in the money transmitter industry. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148

Idaho Conference Data Marketing 148

Abrigo

NOVEMBER 29, 2021

Financial institutions generate most of their income by lending and investment activities. To remain competitive, some of the nations’ largest banks have introduced new products. Capital One and Fifth Third Bank have launched programs to give customers early access to direct deposits, up to two days. Types of Noninterest Income.

Community Bank 195

Community Bank Community FDIC Trends 195

CB Insights

DECEMBER 7, 2017

Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive. In 2016, non-bank lenders like Quicken Loans accounted for six of the top 10.

Millennials 69

Millennials Lending United States Technology 69

CB Insights

OCTOBER 2, 2017

Hi there, We were saddened to hear about last night’s tragic events in Las Vegas, where we know many of you on this newsletter are planning to be for the ITC conference this week. In July, Markel acquired publicly-traded “fronting” carrier State National for $919M (or 14.5 Infrastructure for insurance tech.

Las Vegas 28

Las Vegas National Analytics Comparison 28

William Mills

SEPTEMBER 9, 2016

International lending platform – Create opportunities for Investors. 2015 formed aspire to address inefficiencies in alternative lending market. Companies such as Adidas, Carrefour, Cisco Systems, Danone, Fujitsu, Lufthansa Flight Training, Siemens, Société Générale and the United Nations use Liferay. I really like these guys.

social media 40

social media ATM Mobile Customer Experience 40

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. They should have been investing in fintech growth businesses and they had the capital to do it.” Expect more deals to be announced in 2024.

Fintech 194

Fintech Community Regional Technology 194

Fintech Labs Insights

OCTOBER 3, 2016

Forged strategic partnership with United Capital. Honored as the Innovation Showcase Award winner by the attendees of the BAI Retail Delivery conference. Personal Capital ( FD15 ). Teamed up with fellow alums OnDeck and CAN Capital to form Innovative Lending Platform Association. Unveiled its Risk Insight API.

San Francisco 18

San Francisco Taxes Lending Colorado 18