Gonzobanker

AUGUST 24, 2023

Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however.

Innovation 148

Innovation United States Industry Technology 148

PYMNTS

SEPTEMBER 12, 2018

In tech, innovation is everything. In innovation, intellectual property is, well, almost everything — it can be the hardware, the software, the processes that come from creative endeavor. That far outpaces the 22 percent that came from the United States, the runner up last year. And patents?

blockchain 201

blockchain Puerto Rico social media Innovation 201

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity. Connectivity and Collaboration.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

MARCH 4, 2019

The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital. “As a crowdfunding pioneer in the United States, SeedInvest helped to shape the JOBS Act. News of the deal comes after news broke over the weekend that Circle was seeking more capital.

United States 128

United States Capital blockchain cryptocurrency 128

PYMNTS

JULY 16, 2019

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. credit history to help them secure financing for auto loans. credit history to help them secure financing for auto loans.

Fintech 122

Fintech United States Florida California 122

Bank Innovation

MARCH 7, 2018

In 2017, in the United States, overall VC funding -- a barometer of startup activity and appeal.Read More. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

San Francisco 236

San Francisco Fintech United States Marketing 236

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. Stifel offers senior secured loans up to $40 million for working capital and growth capital needs. Stifel Financial Corp.

Lending 100

Lending United States Boston Capital 100

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

OCTOBER 24, 2019

Founded in 2002, simPRO secured $31 million in growth capital in 2016 as part of an aggressive product innovation and expansion strategy. “By partnering with Square’s trusted payment platform, we are simplifying the billing and invoicing process for our customers.”.

Payments 100

Payments United States Leadership Regional 100

Abrigo

APRIL 28, 2016

To be American is to have the freedom to innovate, take risks, create, transform and put in the hard work that has led to the successes – and failures – that define human progress. Many innovators with great ideas and great potential do not begin with great wealth, so they need a great government partner to support their success.

National 150

National San Jose Los Angeles United States 150

PYMNTS

APRIL 25, 2019

“We’ve helped merchants successfully build and grow their online stores for 14 years, and now we’re the best partner to help entrepreneurs capitalize on the huge opportunity of in-person selling,” Craig Miller, chief product officer for Shopify, said in a press release.

Retail 122

Retail United States Branding Cards 122

Abrigo

NOVEMBER 17, 2023

Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense. FinCEN states, fraud is believed to represent the largest share of illicit proceeds in the United States.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

AUGUST 25, 2019

In the wake of the Capital One hack that exposed data tied to 100 million individuals in the United States, it comes as a warning that there is really no place to hide. . This latest breach is just one of many that seem to occur on a semi-regular basis.

Data 110

Data United States Analytics System 110

PYMNTS

OCTOBER 9, 2017

Open banking looms in many corners of the world, mandated in some areas (think PSD2) while driven by market forces in others (here in the United States). Risks abound, said the Association, with boosted third-party access exposing consumers to new security threats, and perhaps even threatening the economy as a whole.

Fintech 188

Fintech United States Data Capital 188

Celent Banking

OCTOBER 16, 2015

I was pleased to be invited to speak to CSI’s clients about innovation in banking (more about that later.). Surely Capital One is no nimble start-up — with more than 70 million cards and $80 billion in card balances, Capital One is a top-four credit card issuer. What’s The Hurry? .

Conference 100

Conference Las Vegas Nashville Capital 100

PYMNTS

NOVEMBER 29, 2016

With more than 700 now in operation across the United States, small business accelerators are becoming increasingly crucial engines of the U.S. Startups often need the resources — including the capital, equipment and expertise offered by these organizations — to stay afloat in an increasingly competitive marketplace.

Portland 100

Portland United States Analysis Resources 100

PYMNTS

NOVEMBER 4, 2020

Had AB 5 remained, it could have forced the company to provide healthcare and other job benefits to millions of drivers around California and the United States in general. He added that “the future of independent work [is now] more secure.”.

California 162

California United States Company Maine 162

PYMNTS

SEPTEMBER 22, 2020

The entire process, cradle to grave, has failed to evolve and innovate with the customer in mind.”. Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan.

Philadelphia 206

Philadelphia Retail DC Detroit 206

PYMNTS

JULY 24, 2017

Innovative ideas are inspired by smart people who see problems and have the conviction, capital and courage to come up with new ways to solve for them. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time.

Innovation 119

Innovation Payments Operations System 119

PYMNTS

JANUARY 31, 2020

Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank’s Adam Kruis, senior vice president and manager of working capital consulting, and Jennifer Swenson, vice president of corporate payment systems, discuss how the bank ensures smooth implementation of virtual card solutions.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

JANUARY 31, 2018

B2B payments has a reputation for being slower than B2C transactions to innovate, but that’s not without reason. Unsurprisingly, B2B eCommerce has emerged as a target for blockchain innovators, not least of all because blockchain technology may be able to help address the data problem of business-to-business trade.

blockchain 108

blockchain Data Payments System 108

PYMNTS

MAY 31, 2019

As has been reported, Global Payments is the third largest merchant acquirer in the United States, while TSYS is the third largest card processor in the country. The company said it hired an independent security forensic company to make sure there wasn’t access to sensitive customer data. PayPal Hits $10B SMB Lending Milestone.

Lending 122

Lending Payments Apple social media 122

Jeff For Banks

JUNE 2, 2023

The early 1980s was a difficult time for the United States, as consumers faced rising prices, high unemployment, and the effects of a supply shock—an oil embargo—which caused energy prices to skyrocket. And quite frankly, I did not know there were so many tranches to mortgage-backed securities. credit default swaps anyone?).

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

DECEMBER 27, 2019

Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G. A group of state attorneys is joining together to fight a merger of Sprint and T-Mobile that the United States Justice Department supports. Uber was ordered to stop securing business in Colombia via its popular ride-hailing app.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JANUARY 2, 2017

goods and services trade with China accounted for over $659 billion in value, according to the Office of the United States Trade Representative. A need for larger working capital and a slower supply chain for both exporters and importers. The year 2016 brought with it a wave of innovation that disrupted cross-border payments.

Payments 105

Payments blockchain San Francisco Compliance 105

CB Insights

FEBRUARY 20, 2018

This regulatory pressure, paired with tighter capital controls in China, has led to a tapering off of private tech investment from Chinese investors in the US. In the briefing we’ll highlight 2017 trends and explore what’s ahead for fintech in 2018, looking across payments, wealth management, insurance, and more.

US 42

US United States Minneapolis Regulation 42

PYMNTS

OCTOBER 22, 2019

Stacey Madge, country manager and president of Visa Canada, said that Canada in general, and Toronto in specific, was an ideal launching ground for the first steps of She’s Next outside the United States because of an ideal confluence of facts emerging in the nation.

social media 106

social media Tools Atlanta United States 106

PYMNTS

APRIL 24, 2017

This week we saw scientists march, the French go to the polls and a $400 high-tech juicer turned out to be an innovation on par with something that everyone already has: their hands. Now reports indicate that BJ’s owners, CVC Capital Partners and Leonard Green & Partners, are looking to sell the company for just north of $4 billion.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. That is good news – and a security silver lining if there ever was one – and it is a fizzle we are more than happy to report.

Lending 100

Lending Apple Cards Study 100

Jeff For Banks

DECEMBER 26, 2012

capital appreciation and dividends. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. Texas Capital Bancshares, Inc. Not so last year, and not so again this year.

Texas 82

Texas National FDIC Capital 82

Jeff For Banks

DECEMBER 18, 2014

capital appreciation and dividends. The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. Please do not claim to invest in any security based on what you read here. Not so over the three years I have been keeping track. BofI Holding, Inc.

North Dakota 93

North Dakota Arizona Minnesota Los Angeles 93

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. Global privacy and information security topics are dominating global headlines.

Compliance 40

Compliance DC Washington Regulation 40

Jeff For Banks

DECEMBER 22, 2013

capital appreciation and dividends. Texas Capital Bancshares, Inc. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. BofI Holdings, Inc. #2. Bank of the Ozarks, Inc. #3.

Community Bank 89

Community Bank Atlanta Community Strategy 89

CB Insights

AUGUST 3, 2017

Quarterly Investment in United States VC-Backed Companies Tops $18B Amid Strong Mega-Round Activity. Select Investors: Data Collective, Intel Capital, Microsoft Ventures, Tencent Holdings. Bilal Zuberi, Lux Capital. Select Investors: Bezos Expeditions, Lux Capital, Shasta Ventures. Element AI. Data Collective.

Security 34

Security Capital Software Data 34

CB Insights

AUGUST 15, 2018

The state of the startup market is strong. The total number of investments venture capital firms have made to private companies in 2018 is on pace to set a five-year record, and venture capital funding is at nearly $443B since 2014, according to CB Insights data. RESEARCH BRIEFING: Emerging Startup Hubs.

United States 34

United States Cyber Security Marketing Strategy 34

Gonzobanker

NOVEMBER 9, 2015

Samsung Pay was launched in the United States after piloting in South Korea. Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies.

blockchain 60

blockchain Bitcoin Lending Innovation 60

PYMNTS

MARCH 31, 2020

This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. The company said it will continue to expand its SMB customer base and support SMBs’ access to capital via card products. In the U.K.,

Payments 193

Payments blockchain Cards cryptocurrency 193