PYMNTS

JUNE 14, 2020

The three companies charged are Richmond Capital Group, Ram Capital Funding and Viceroy Capital Funding. Scrutiny against merchant lending companies has grown as of late, with the FTC looking into the industry as a whole last year.

Company 198

Company Fraud New York Capital 198

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. For example, launching a new lending program is a great opportunity to explore a new know-your-customer platform.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging. For example, launching a new lending program is a great opportunity to explore a new know-your-customer platform.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

SEPTEMBER 7, 2023

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. The institution can more easily capitalize on opportunities and avoid unnecessary risk. Explore Abrigo Connect.

Report 195

Report Lending Trends Data 195

PYMNTS

SEPTEMBER 17, 2019

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. The market shift follows a year of ups and downs for the financial institution marked by a high-profile accounting error, a valuation plummet and fraud investigations.

Metro 100

Metro Lending Fraud Capital 100

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report.

Lending 129

Lending Analytics Data Security 129

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. On another note, a 20-something individual has been charged with wire fraud for allegedly bilking investors out of over $4.5

Bitcoin 148

Bitcoin Fraud cryptocurrency Lending 148

PYMNTS

AUGUST 21, 2020

“It’s possible that the economic tumult may have prompted some capital flight from China, though much of the Tether movement could have been East Asia-based cryptocurrency traders moving their holdings to international exchanges in order to trade at a time when cryptocurrency price volatility was high,” Chainalysis wrote.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Numerated , a business lending origination platform, partnered with Finastra for a LaserPro integration. Credit union lending platform Clutch partnered with Zest.ai for automated underwriting.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

DECEMBER 14, 2023

In the CRE example, this might mean considering the plan’s effect on capital or overall interest rate. While taking stock of the starting point for your financial institution’s strategic plan, take a moment to examine what other areas of your financial institution will be impacted by your plan. How will you get there?

Lending 221

Lending Risk Management Meeting Survey 221

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. The FinTech as a Service launched Tuesday (Dec. Report: Digital Lender SoFi Eyes IPO Via SPAC.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

APRIL 26, 2017

Online lending as a business model has taken some lumps over the last several months, with Lending Club (and investors) only the most visible casualty of alleged fraud. As for questions surrounding the viability of these online lending platforms, as posited by Webster, Moore said the model exists as one that is here to stay.

Lending 101

Lending New York City Online Fraud 101

Bank Innovation

SEPTEMBER 7, 2017

EXCLUSIVE—Cloud infrastructure and data analytics are becoming more and more integral to financial services, and Capital One is one bank ahead of the curve. “We We are a very data-driven company, we want to bring the bank to the customer,” Linda Apsley, vice president of data engineering at Capital One, said of the bank’s use of […].

Capital 207

Capital Innovation Analytics Data 207

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. SMB Lending Risks. One of the most pressing issues plaguing SMB lenders is the risk of fraud.

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

AUGUST 1, 2016

Online lending was all the rage even a few months ago, but funding going toward online lending platforms is on the decline. equity investments going toward online lending companies fell 44 percent in the first half of 2016 to $2.1 In June, Lending Club appointed interim CEO Scott Sanborn to the permanent head.

Lending 100

Lending Online Maine Fraud 100

Bank Innovation

JUNE 27, 2017

The opportunity ship has sailed for personal finance management, lending, or robo advisory sectors of fintech, according to Rebecca Lynn, co-founder of venture capital firm Canvas. So where are investors looking for new opportunities?

Fintech 191

Fintech Lending Compliance blockchain 191

Abrigo

MAY 19, 2023

They should be knowledgeable of both sound lending practices and their own institution’s specific lending guidelines. In addition, they should be familiar with pertinent laws and regulations affecting credit and lending activities. But what if the minimum expectations are set so high that it discourages wannabe loan reviewers?

Training 195

Training Lending Risk Management Guidelines 195

PYMNTS

JANUARY 15, 2018

Switzerland alternative lending company Tradeplus24 is entering the Australian market through a collaboration with Trade Ledger , the companies announced. Reports Friday (Jan. Technology can remove barriers to more sophisticated underwriting that currently exists due to the document-intense nature of trade, he said.

Lending 100

Lending Marketing Fraud Technology 100

PYMNTS

OCTOBER 2, 2018

We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. Amount’s first target group of banks will be large institutions looking for a highly customizable lending solution.

Lending 134

Lending Alabama Online System 134

Abrigo

MAY 24, 2023

According to the ABA, s urvey data compiled last year by Whitney Economics reported that over 70 percent of participating cannabis businesses say the “lack of access to cannabis banking or investment capital” is their top challenge.

Lending 195

Lending Fraud Operations Ohio 195

FICO

SEPTEMBER 6, 2017

In this podcast for Lend Academy, FICO Blog author Dr. Scott Zoldi talks about his role as FICO's Chief Analytics Officer, the company's AI innovations and how they are being applied in credit risk, fraud management and more. Scott discusses: Why his background in theoretical physics was perfect for studying fraud and credit risk.

Lending 95

Lending Fraud Data Analytics 95

Abrigo

DECEMBER 2, 2021

The challenge with the influx of capital is that most financial institutions don’t know how much of the money at their institutions will hang around – or for how long. In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. Fraud Prevention.

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

Lending 131

Lending Regulation Capital Industry 131

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. SMB Finance.

Fraud 115

Fraud Capital New York City Lending 115

PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Enfuce Tackles Fraud In Open Banking. Fifth Third Bank Taps FinTech For SMB Lending. As part of the U.K.’s

Fintech 192

Fintech Fraud Data Lending 192

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

AUGUST 21, 2020

When it comes to venture capital, this week’s roundup includes new investments in B2B FinTechs targeting the logistics and supply chain spaces, cybersecurity and more, totaling more than a combined $109 million. In the U.K., The company secured the investment from Ascension Ventures and Fuel Ventures, reports said. Attabotics.

Fintech 154

Fintech Austin Capital Fraud 154

Abrigo

JULY 14, 2023

Analysis should be performed on concentrations, as a percentage of capital, in terms of: (1) Collateral type such as multifamily, retail, office, etc. (2) For example, your top goal for next year might be to expand your lending geographic footprint. CRE concentration report.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

JANUARY 26, 2018

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Alternative Lending.

Capital 135

Capital Lending Resources Oregon 135

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

NOVEMBER 2, 2018

In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud. See how nearly $174 million in funding for B2B startups landed in our roundup below.

Fintech 188

Fintech Capital Security Fraud 188

PYMNTS

JUNE 8, 2020

Cardpay was founded by Kumar Srinivasan , who boasts two decades of experience with payments, retail and credit lending services. “Payments-led lending is the new growth mantra for us. The platform offers help with physical and virtual credit cards, invoice processing and early payments discounts, BusinessLine reports.

Payments 150

Payments Lending Cards blockchain 150

PYMNTS

OCTOBER 29, 2018

The new director of the Serious Fraud Office ( SFO ) has stepped down from the prosecution of four former Barclays bankers over potential conflicts of interest. Osofsky joined the fraud office in August from U.S. are typically prohibited to lend money for a third-party to purchase their shares. According to City A.M.

Fraud 139

Fraud Compliance Lending Capital 139

Abrigo

OCTOBER 14, 2022

You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." Read the whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk.". Lending & Credit Risk. Fraud Prevention. Lending & Credit Risk. Construction Lending. CRE Lending. keep me informed.

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108