PYMNTS

SEPTEMBER 14, 2020

New Chinese finance rules will force Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to a report from The Wall Street Journal (WSJ). 1, and will have to apply for a license to do so.

Groups 161

Groups Company Regulation Lending 161

PYMNTS

SEPTEMBER 8, 2017

This week Oxx, which tends to focus on B2B software startups, led the $12 million funding round for the company, which also saw participation from Industrifonden, SEB Venture Capital and KTH Chalmers Capital, according to reports. SMB Lending. Apica said it will use the funds to expand across the U.S. The company raised $2.5

Capital 162

Capital Software Lending Online 162

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. Trade finance technology startup CCRManager announced $2.12 There was a nearly 20 percent drop in the number of deals solidified in the quarter, too. CCRManager.

Capital 141

Capital Analytics Fintech Report 141

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

Groups 116

Groups Innovation Capital Leadership 116

PYMNTS

MAY 11, 2020

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141

Capital Mobile User Experience Groups 141

PYMNTS

JULY 22, 2019

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. The business will target early stage startups through mature growth companies, with a focus on the technology, healthcare, and life sciences industries.

Lending 100

Lending United States Boston Capital 100

PYMNTS

JANUARY 19, 2021

National Australia Bank (NAB) has chosen Eedenbull to integrate its payment and spend management technology for SMB customers. Italy’s BNL , part of BNP Paribas Group , has debuted its multi-banking solution developed in conjunction with open banking FinTech Tink , according to a press release. Absa Group Collabs With Surecomp.

Fintech 341

Fintech National Groups Tools 341

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd.,

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

MARCH 5, 2019

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Chime isn’t the only challenger bank to raise capital in recent months. billion valuation.

Capital 116

Capital San Francisco FDIC Leadership 116

PYMNTS

JANUARY 29, 2018

Small and medium-sized business (SMB) lending company Breakout Capital is expanding its product line, according to company reports on Friday (Jan. Breakout Capital explained that the tool allows factoring firms to use its platform to reach borrowers.

Capital 109

Capital Company Lending Innovation 109

PYMNTS

AUGUST 9, 2019

FinTech investments targeting B2B and corporate services spanned the globe, with particular concentration this past week in SMB lending across India and Europe. The money, which came via Series D round led by Sequoia Capital India and The Three Sisters Institutional Office, brings the total tally raised to date to $81 million.

Lending 116

Lending Capital Fintech Florida 116

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Integrating directly into core technology means even deeper automation, the companies noted.

Lending 194

Lending Risk Management Fintech Community 194

South State Correspondent

MARCH 14, 2024

In comparison, investments in new technology or new business lines pale in comparison to other strategic investments due to the time and effort it takes to get a business line off the ground. Demographics shift, products change and technology drives channel preferences. This, however, could be a mistake.

Innovation 195

Innovation Strategy Capital Comparison 195

Abrigo

OCTOBER 20, 2021

How to Get Buy-in When Implementing New Technology Achieving 100% adoption is attainable if financial institutions are willing to put the best change management practices in place. Takeaway 1 One of the most important pieces to garnering employee buy-in for new technology is communication. Communicate the purpose.

Training 195

Training Lending System Software 195

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). for automated underwriting.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

OCTOBER 2, 2018

Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. 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

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

AUGUST 23, 2020

He told WSJ that he plans to invest in technology to cut costs. Banking is still banking but technology has an increasingly important role to play in it,” Quinn told the paper. In the Netherlands, ABN Amro Bank , one of the 15 largest global banks, is jettisoning trade financing and lending with corporate customers outside of Europe.

Lending 209

Lending Groups Report Technology 209

PYMNTS

MAY 10, 2016

I feel that our competitive advantage compared to traditional banks is really long lasting because, again, it is grounded in technology and cost, not something they can react to. “. Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Lending Club was the poster child of that alt lending movement.

Lending 100

Lending Capital Compliance Operations 100

PYMNTS

DECEMBER 1, 2020

Plus, Altana raises funding for its supply chain technology, Velo Labs partners with Visa on SME lending and Google's former CEO backs a new tech fund. Velo Labs Teams With Visa, Lightnet On MSME Lending In Asia. 30) by London-based venture capital firm Firstminute Capital , CNBC reported.

Payments 141

Payments Google Capital Lending 141

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention. Behind the Numbers .

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. 3) that it secured $250 million in equity funding from a subsidiary of SoftBank Group.

Lending 109

Lending Capital Fintech Data 109

PYMNTS

JANUARY 26, 2020

AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. Alcanza Capital and Bontu. There will be other leading venture capital firms from international waters also joining with SoftBank, though the press release does not list them.

Fintech 247

Fintech America Capital Regional 247

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

Gonzobanker

DECEMBER 8, 2021

Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. Lastly, at this writing, Rockbridge Growth Equity (ties to Rocket Mortgage ) and CU Solutions Group acquired database marketing provider Marquis from Falfurrias Capital. Fintech investing has gained near sport status. OK, me neither.

Fintech 213

Fintech Los Angeles Lending Analytics 213

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. And disrupt Lending Club did, with its marketplace lending model, scores of imitators in the U.S.

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

OCTOBER 30, 2020

million in total funding raised, it was a relatively promising week for B2B FinTechs on the venture capital front. India and Brazil, with focuses ranging from business banking technology to food and grocery B2B eCommerce. B2B retail technology startup Arzooo , based in India, secured $7.5 BizCapital. StreetShares. In the U.S.,

Capital 160

Capital Lending Technology Retail 160

PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. Investors from IVP, Madrona Venture Group and Meritech Capital all joined the fold, while existing backers CapitalG and Sequoia Capital led the round. Automation Anywhere.

Lending 193

Lending Capital Analytics Fintech 193

PYMNTS

MARCH 10, 2020

It’s a self-perpetuating scenario that keeps barriers to capital in place. In a recent conversation with PYMNTS, Raghav Mathur, head of data science and analytics at Singapore-based Grab Financial Group , discussed the opportunities in data technology that can address the region’s most pressing SMB lending needs.

Data 193

Data Lending Capital social media 193

PYMNTS

FEBRUARY 28, 2020

With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. million in new funding for its technology targeting small businesses in the U.K. million in new funding for its technology targeting small businesses in the U.K. Digital Risks. Reports in Verdict.co.uk

Fintech 175

Fintech Capital Lending Report 175

PYMNTS

NOVEMBER 26, 2020

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

Industry 152

Industry DC Regulation Washington 152

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . New technology is not a silver bullet. One of the most integral pieces to the success of new technology is garnering buy-in across the institution.

Fintech 195

Fintech How To Innovation System 195

PYMNTS

JUNE 7, 2019

This week’s B2B Venture Capital roundup is all about data. With a total of $388 million raised this week, newly funded startups are deploying an array of data analytics technologies to address B2B finance friction. Catch up on the latest investment rounds below. Working to wield the opportunity of Open Banking in the U.K.,

Data 139

Data Capital Analytics Lending 139

Gonzobanker

OCTOBER 12, 2018

Thoma Bravo orchestrated the mash-up of Meridian Link and CRIF , Q2 announced its intent to acquire Cloud Lending Solutions , adding loan origination capability along with its homegrown account opening solution. Instant Market Credibility : The road to viability as a technology startup is long. What’s going on out there?

Technology 150

Technology Mobile Marketing Community Bank 150

PYMNTS

AUGUST 2, 2020

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. That was it.

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

APRIL 13, 2018

Blockchain Capital. Blockchain heavyweight Ripple made headlines this week when it announced a $25 million investment in Blockchain Capital, a venture capital firm focused on backing blockchain startups. The funding comes in the form of Ripple’s own cryptocurrency and will be used to fund startups selected by Blockchain Capital.

Lending 129

Lending blockchain Capital Software 129