Gonzobanker

AUGUST 11, 2020

OnDeck’s fire sale aside, recent deals at nCino, Black Knight and Ellie Mae are a shot in the arm to a market in need of some good news. 2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. It’s one big sandbox.

Lending 158

Lending Fintech Analytics UX 158

PYMNTS

FEBRUARY 3, 2020

Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S., Goldman would use its latest lending technology to offer SMB loans on Amazon’s lending platform as soon as next month, two sources told FT. Financial Times reported on Monday (Feb.

Lending 131

Lending Apple Cards Branding 131

PYMNTS

DECEMBER 17, 2019

Managing cash flow can be tricky work when one is new to the market or looking to expand because cash is in short supply. CircleUp entered the market in 2012 as a data driven variation on venture capital (VC) funding to solve for part of that problem in retail and consumer packaged goods (CPG) firms. The first is focus.

Lending 132

Lending Data Retail Capital 132

South State Correspondent

JANUARY 17, 2024

We focused mainly on customer profitability and used risk-adjusted return on capital as a proxy for profitability. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital. Both banks, for example, had about $150B in deposits.

Study 195

Study Maine Analytics Capital 195

PYMNTS

APRIL 29, 2019

Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. The SEC’s new advocate for small business capital formation, Martha Legg Miller, and 15 other members are also a part of the team, reports said.

Capital 108

Capital Lending Regulation Report 108

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. The company connects SMBs to invoice financing via is mobile app Bridge2Capital, targeting retail shopkeepers with a way to finance their outstanding payables.

Capital 141

Capital Analytics Fintech Report 141

PYMNTS

MARCH 8, 2019

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy. “We don’t think we’re going to automate every lending decision,” said Doignie.

Lending 118

Lending Strategy Capital Groups 118

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

FEBRUARY 3, 2020

And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses (SMBs) and even micro-sized businesses hawking pretty much everything under the sun — it might seem a “slam dunk” if, say, a financial industry powerhouse were looking to bring small business loans to a new market. The Challenge.

Lending 146

Lending Apple Study Online 146

BankUnderground

JULY 20, 2022

These are unlikely to work in the same fashion as rate cuts in positive territory, because of difficulties with charging negative interest rates on retail deposits, and because of banks’ negative return on excess liquidity. This effect was especially strong for undercapitalised banks and lending to risky firms.

Policies 87

Policies Lending Capital Study 87

PYMNTS

NOVEMBER 4, 2020

The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets. Officials in Beijing were concerned about explosive investor interest in the planned $37 billion IPO by the world’s largest FinTech and how it might impact the public markets, according to the news outlet.

Lending 240

Lending Groups Regulation Marketing 240

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68

Lending Seattle Regulation US 68

PYMNTS

MAY 2, 2017

For small businesses, expansion is key, and expansion needs capital. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. 500,000 in the United States, with terms of three to five years.

Puerto Rico 118

Puerto Rico Lending Online United States 118

PYMNTS

SEPTEMBER 12, 2018

In its monthly Small Business Lending Index, released Tuesday (Sept. When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement.

Lending 102

Lending Community Bank Taxes Community 102

PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. Digital commerce is a capital-intensive business model, he said, and keeping pace with buyer demand puts a strain on finances.

Capital 356

Capital Online Tools Lending 356

South State Correspondent

FEBRUARY 29, 2024

Higher capitalization rates driven by higher expected future rates (fewer rates are priced in the forward curve) dropped the future value of properties across the United States and hurt expected loss given default (LGD) by 1.5% Banks have loosened up lending for C&I over last quarter, but credit remains constrained.

Trends 195

Trends Community Bank Community United States 195

PYMNTS

JANUARY 18, 2017

Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan. The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry.

Lending 100

Lending Software Financial Technology Online 100

PYMNTS

DECEMBER 14, 2018

and China, analysts are finding a shift among global supply chains away from the Chinese market, to the benefit of markets that traditionally don’t see much trade volume. Steve Madden is one retailer that publicly announced its efforts to move its supply chain operations out of China. 13) said the U.S.-China

Marketing 115

Marketing US Trends Conference 115

South State Correspondent

MAY 23, 2023

Lending is getting riskier. This data is critical for pricing, capital allocation, and marketing. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. Minnesota, North Dakota, and Iowa were the least risky states to lend into.

Trends 195

Trends Minnesota North Dakota Arizona 195

PYMNTS

OCTOBER 4, 2016

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. The company doesn’t operate the secondary market itself but outsources to FOLIOfn, which is operated and maintained by FOLIOfn Investments, which is a registered broker dealer.

Marketing 170

Marketing Lending Operations Financial Technology 170

PYMNTS

MAY 8, 2017

The last 12 months have undoubtedly been a difficult period for marketplace lending pioneer Lending Club. But the silver lining is that banks appear to be coming back to the Lending Club platform as investors in loan packages. Will it be enough to get Lending Club back on course?

Lending 100

Lending Leadership Retail Resources 100

Abrigo

MAY 24, 2023

This lack of access to financial services hinders these businesses’ abilities to gain a market foothold and contributes to the flourishing of an unregulated, underground marketplace. Without access to traditional banks, legal cannabis businesses can’t access loans and capital or even use basic bank accounts.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. Mastercard Gets Nod To Join China’s $27T Payments Market. a share with a market cap of $14.6 As of Friday (Feb. Sound familiar?

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JUNE 13, 2018

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One , where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance. into the future as we continue to leverage our global capabilities and deepen our presence in the market.”

Capital 100

Capital Cards Delaware Payments 100

PYMNTS

SEPTEMBER 17, 2020

We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. In the company blog at the time, Hsieh said the recent volatility in the stock market, citing rivals LendingClub Corp. is the nation’s largest retail mortgage lender. Quicken Loans Inc.,

San Francisco 160

San Francisco New York Lending California 160

South State Correspondent

SEPTEMBER 27, 2023

Ask most banks how they construct their lending portfolio, and they say that “it is what the market gives them.” Banks generate “alpha” or excess returns by taking more risk, usually in the form of real estate and commercial lending. This is the net operating income of a property divided by the current market value.

Lending 195

Lending US Marketing Capital 195

Bank Innovation

JANUARY 26, 2018

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262

Retail Video Digital Banking Bitcoin 262

PYMNTS

JANUARY 7, 2020

Singapore’s FinTech firm ADVANCE.AI , Hong Kong’s financial services company Sheng Ye Capital and Singapore’s firm Phillip Capital are the most recent in a series of contenders for critical business permits in Singapore. Their holders can take deposits from retail customers, but must have $1.5

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

Abrigo

JANUARY 19, 2022

Excess liquidity is persisting into 2022, affecting balance sheets and capital and squeezing net interest margins further as banks and credit unions deploy more assets in the lower-margin investment portfolio or in plain cash. And with commodity loans like a conventional 30-year mortgage, institutions have to price what the market will bear.

Lending 195

Lending Strategy Groups Examples 195

Bank Innovation

NOVEMBER 25, 2019

Roady, who has been on MoneyLion’s board of directors since 2016, was previously a founding partner at GAIN Capital and president of its global retail brokerage business. Personal finance, banking and investment platform MoneyLion has named Samantha Roady chief operating officer as it makes moves to expand its customer base.

Innovation 293

Innovation Capital Retail Operations 293

PYMNTS

OCTOBER 30, 2020

million in total funding raised, it was a relatively promising week for B2B FinTechs on the venture capital front. B2B retail technology startup Arzooo , based in India, secured $7.5 Investor WRVI Capital led the round, while existing backers 3Lines Venture Capital, Jabbar Internet Group and others contributed to the round.

Capital 160

Capital Lending Technology Retail 160

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Training Lending 195

BankUnderground

NOVEMBER 27, 2020

Eight decades later, the debate still rages on: should retail and investment banking be separated, as Glass-Steagall required? The regulation requires large UK banking groups to separate their core retail banking services from their investment banking activities, in order to protect UK retail banking from shocks originating elsewhere.

Lending 109

Lending Retail Groups Maine 109

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. said the company saw BHL Holdings lead the second Series A funding round, while Nire Capital and existing backers Concentric, Seedcamp and Beazley also participated. Reports in Verdict.co.uk

Fintech 175

Fintech Capital Lending Report 175

PYMNTS

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based million) to become a challenger bank.

Security 215

Security Capital Cards Report 215

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

JULY 14, 2020

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. This follows a pilot rollout in Russia last month. Silicon Valley FinTech Affirm is also a regular in the top 5 this year.

Lending 130

Lending FDIC Minneapolis Utah 130