PYMNTS

DECEMBER 17, 2019

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. CircleUp’s lending platform was founded in 2017 to fill that hole and has underwritten about $300 million in loans since then. 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. increase in M/B. While some banks do, many do not.

Study 195

Study Maine Analytics Capital 195

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

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 90

Policies Lending Capital Study 90

PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

Lending 146

Lending Apple Study Online 146

Bank Innovation

NOVEMBER 25, 2019

Personal finance, banking and investment platform MoneyLion has named Samantha Roady chief operating officer as it makes moves to expand its customer base. 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.

Innovation 293

Innovation Capital Retail Operations 293

Bobsguide

AUGUST 7, 2022

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.

Operations 68

Operations Strategy Innovation Policies 68

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

Abrigo

MAY 24, 2023

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. Without access to traditional banks, legal cannabis businesses can’t access loans and capital or even use basic bank accounts. Sherrod Brown, D-Ohio, in the same hearing.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

FEBRUARY 25, 2020

Kraft Heinz, one of the world’s prominent global food and beverage companies, operates Evolv through a team effort, involving food, startup and venture capital professionals. He said Fabric’s goal was to “change the game” in how businesses operate. Online sales still aren’t a huge force in grocery retail in the U.S.

Lending 130

Lending Retail Capital Operations 130

PYMNTS

JANUARY 19, 2021

The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs. In an effort to strengthen its offerings to SMBs, Romania’s NETOPIA Payments is integrating a lending feature from Bulgaria’s TBI Bank. ní banka Taps Temenos. The Czech Republic’s Komer?ní

Fintech 341

Fintech National Groups Tools 341

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. The operative question is when commercial PODs will show a spike. This quarter, it is 2.58%.

Trends 195

Trends Minnesota North Dakota Arizona 195

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

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

FEBRUARY 21, 2020

MaxWholesale targets India’s kirana stores, connecting the small, mom-and-pop retailers to a digital wholesale platform to restock their inventory. The new funding will be used to partner with non-bank financing companies to introduce small business lending into its platform, reports said.

Capital 181

Capital Technology Cards Texas 181

Bank Innovation

MAY 31, 2017

Well think of it like this: Traditional banks are built to service three main client cohorts; 1) Large Corporates, 2) High net worth individuals and 3) homogenous retail. Hi John, so why is SME banking getting so much attention at the minute? They struggle tremendously to service users and customers that sit outside of those parameters.

Capital 316

Capital Lending Data Maine 316

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

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. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Lending Focus – Interest Rate Sensitivity and Credit Accuracy.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

AUGUST 11, 2017

Once easily categorized as “the alternative financial services players” through white labeling, partnerships and acquisitions, these alternative online lenders are very much becoming part of mainstream operations. The good news about being a pioneer in a vertical is that one gets to operate alone for a while — and set the rules.

Lending 117

Lending Capital Video Online 117

PYMNTS

SEPTEMBER 28, 2020

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

JANUARY 8, 2021

As Eiriz explained, the small business lending community has the opportunity, and perhaps even the obligation, to embrace collaboration and dig deeper into the entrepreneurial community in order to best serve SMBs and support the broader economy. "There is this feeling of an unsure future right now," she recently told PYMNTS.

Strategy 231

Strategy Community Maine Lending 231

Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. prepaid services, P2P lending, etc.). Banking Events American Banker Retail Banking Retail Banking Conference' Even labor saving technology (e.g.

Conference 100

Conference Retail Community Austin 100

PYMNTS

OCTOBER 4, 2019

based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. See all of the latest B2B fundraises below. SaaSOptics.

Capital 128

Capital Lending California Regional 128

PYMNTS

JUNE 14, 2016

There is little we find more inspiring than money moving from one point to another, with the possible exception of how better, smoother transfers can be used to reinvent a consumer’s entire retail (and perhaps living) experience. Things aren’t exactly looking better in the post-Lending Club, increased interest rate era.

Lending 100

Lending Conference Capital Report 100

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

Abrigo

OCTOBER 28, 2022

Learn how credit unions can manage capital levels amid credit stress. Market and external conditions are changing the credit risk environment rapidly,” the 2023 OCC Bank Supervision Operating Plan said. However, institutions in recent quarters are seeing some indicators of weakening asset quality. Loan performance since 2020 Chart 2.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

JUNE 8, 2020

Cardpay was founded by Kumar Srinivasan , who boasts two decades of experience with payments, retail and credit lending services. Srinivasan will continue to lead the operations at Grit, according to BusinessLine. “Payments-led lending is the new growth mantra for us.

Payments 150

Payments Lending Cards blockchain 150

Bank Innovation

JANUARY 23, 2018

EXCLUSIVE – The two fundamental keys to most challenges retail banks and payment companies face on the innovation front are personalization and efficiency, according to Alberto Corvo, a founding partner at fintech focused investment firm Motive Partners.

Innovation 186

Innovation Retail Fintech Payments 186

PYMNTS

DECEMBER 19, 2018

Since its inception as a credit card-reading company for small businesses, the operation has since expanded to offer other services, like digital money transfers and retail installment loans. The bank will be led by Lewis Goodwin, a former executive at Green Dot, and capitalized with $56 million from Square.

San Francisco 165

San Francisco Utah Capital Regulation 165

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. Lenders earn a spread on loans because they have to cover their operating costs. Disciplined Loan Pricing.

Lending 195

Lending Strategy Groups Examples 195

PYMNTS

JANUARY 18, 2021

Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Founded in Malaysia in 2012, Grab is also known for its popular ridesharing and delivery services.

Fintech 198

Fintech US Groups Management 198

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 110

Lending Retail Groups Maine 110

PYMNTS

SEPTEMBER 29, 2020

They’re not equipped to manage the operational risks associated with these smaller businesses,” Shoihet told PYMNTS, especially when it comes to extending short duration credit lines, debt products or factoring. It’s very difficult for a bank to justify [accounts receivable] AR financing that effectively puts capital at risk,” he said.

United States 286

United States Regional America Trends 286

PYMNTS

OCTOBER 15, 2019

The Reserve Bank of India (RBI) has set forth guidelines for “on tap” authorization for various payment systems, including the Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White Label ATMs (WLAs). For TReDS, there would have to be a minimum of Rs 25 crore in equity capital.

Guidelines 108

Guidelines System Payments ATM 108

Bank Innovation

JUNE 10, 2016

OnDeck Capital Inc. is keeping up with its “hybrid” funding model to withstand the rockiness of marketplace lending, COO James Hobson said. In its latest earnings report, the lender said that only 15% of its originations were funded through marketplace lending, compared with 35% to 45% in the fourth quarter of Read More.

Lending 150

Lending Capital Report Operations 150

PYMNTS

JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership. Including net debt, the total deal is worth a reported $1.37

Lending 103

Lending United States America Industry 103

PYMNTS

NOVEMBER 8, 2019

Every retailer we have ever spoken with is interested in flooring organic product, but they have been encumbered by the cost of flooring samples and holding minimal inventory,” said CEO Jeff Bader. Fundbox is a unique lending platform specifically designed with small businesses in mind,” Bader said.

Capital 101

Capital Retail Lending Industry 101