PYMNTS

JANUARY 7, 2021

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

APRIL 24, 2017

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. We break down the latest on SME lending in these key markets. banks are rebooting their efforts to capture SMEs from their alternative rivals. A dip of 1.1

Lending 100

Lending US Capital Community 100

PYMNTS

OCTOBER 14, 2016

Not one of the four alternative lending startups that secured investments this week were from the U.S. Alternative Lending. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. There’s talk that alternative finance is dead. Well, in the U.S.,

Lending 100

Lending US Capital Report 100

The Paypers

APRIL 18, 2022

Alternative lender Capital On Tap has secured a USD 200 million funding to further expand its lending in the US.

Capital 36

Capital US Lending Security 36

Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Chase, Capital One and Synchrony continue to lead issuers with purchase volume growth of over 8 percent YoY?. Mobile & tech.

Cards 158

Cards US Taxes Apple 158

PYMNTS

APRIL 26, 2019

In total, more than $107 million was raised, with investors targeting the small business (SMB) back office, lending and B2B payments. India’s FinTech boom hasn’t ignored the B2B payments realm, and industry player EnKash recently secured new funding to prove it. Interestingly, U.S. The company raised $6.7

Fintech 176

Fintech US Lending Capital 176

PYMNTS

DECEMBER 2, 2019

Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the “oversubscribed” funding round — one of the largest for a FinTech startup in Southeast Asia.

Lending 131

Lending Fintech Risk Management Management 131

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. law firms had opened investigations into the bank on behalf of investors over concerns of alleged securities fraud. Following a series of setbacks for U.K.

Metro 100

Metro Lending Fraud Capital 100

South State Correspondent

AUGUST 21, 2023

That publication was referenced in the media as a US bank rating action, with a downgrade to ten larger banks (and a negative outlook to 11 other larger banks). This risk magnifies margin erosion for those banks that hold fixed-rate securities and loans.

Community Bank 195

Community Bank Community Capital Analysis 195

PYMNTS

JUNE 6, 2018

Alternative lending platform BlueVine has announced its latest investment to the tune of $60 million. A press release issued by the company said Menlo Ventures led the Series E equity funding round for BlueVine, which also saw backing from SVB Capital and other investors.

Lending 131

Lending Capital Fintech US 131

PYMNTS

OCTOBER 21, 2020

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. In the past, the startup was supported by P2P lending and institutional capital. Last year Insight Investment supported the digital lender with a 1.5

Lending 258

Lending Customer Experience US Capital 258

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

MARCH 1, 2019

Their deal sees Equifax providing SBFE members and other authorized customers with access to SBFE small business lending data as a certified vendor, supplementing Equifax’s data provided through its Commercial Finance Network. In a statement, Equifax U.S. ”

Lending 118

Lending Data Security Capital 118

Gonzobanker

DECEMBER 8, 2021

According to CB Insights, US fintechs raised $14.6B Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. in the most recent quarter. Fintech investing has gained near sport status.

Fintech 213

Fintech Los Angeles Lending Analytics 213

Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

JULY 5, 2020

Secure online portals allowed PPP loan applicants to upload required documents, and many credit unions finalized borrower applications with electronic signatures. But historically, SBA lending and member business lending isn’t a major focus among credit unions. The SBA didn’t break out larger credit union PPP lending activity.)

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

JUNE 10, 2016

are shying away from alternative lending startups due to the recent controversy within the space, but investors across the pond aren’t hesitating to finance the industry. in the alternative SME lending space, while B2B startups from the Netherlands and Spain also secured impressive rounds. Alt-Lending.

US 100

US Capital Lending Security 100

Abrigo

MARCH 13, 2023

Much attention has been placed on the sale of the securities portfolio at a loss and if that move itself was causal. Banks in rural America are not going to have the same kind of lending activities, or depositor relationships as this bank seemingly had. Lending to startup companies with a plan to go public is not itself a problem.

Strategy 195

Strategy Lending Security Analysis 195

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.” That level of passivity will likely cause us to lose 75+ banks during the next downturn. Banks generate “alpha” or excess returns by taking more risk, usually in the form of real estate and commercial lending.

Lending 195

Lending US Marketing Capital 195

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

PYMNTS

AUGUST 19, 2019

The funds will be used to expand the company’s lending base, build technology and boost analytics capabilities. Harsh and team continue to impress us with their energy, passion and tenacity in scaling Lendingkart to greater heights.

Security 116

Security Maine Analytics Groups 116

PYMNTS

OCTOBER 3, 2016

TD Bank is looking to capitalize on the retreat of some foreign lenders of U.S. Toronto-Dominion Bank is looking to strengthen its corporate lending in the U.S, Head of TD Securities Glenn Gibson in an interview with Reuters. corporations, reports said on Friday (Sept. corporate borrowers due to regulatory challenges.

US 159

US Lending Strategy Report 159

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Source: DeBanked ) Square Capital lent about $1.6 Source: DeBanked ).

Lending 136

Lending Community Bank Community Data 136

PYMNTS

JULY 19, 2018

s TrueLayer has secured a new round of funding, while Lativa’s Robo.cash and LLP Zaymer are working together to provide an opportunity to invest in installment loans. based TrueLayer, which provides application programming interfaces (APIs) for finance uses, has notched $7.5 teaming up to launch Razer Pay in Singapore.

Security 100

Security Lending US Payments 100

PYMNTS

FEBRUARY 7, 2017

According to “Digital Disruption — Revisited: What FinTech VC Investments Tells Us About A Changing Industry,” Citi expects an influx in venture capital across the FinTech startup scape. That’s clearly great news for China, which has proven resilient despite a global slowdown in venture capital investments in FinTech startups.

Fintech 100

Fintech US Capital Lending 100

PYMNTS

AUGUST 13, 2019

PayPal Australia’s small business lending operations have reached a new milestone, facilitating $500 million in working capital loans, reports in Finder said on Monday (Aug. and abroad with Working Capital and Business Loans. and China is likely to heighten small businesses’ demand for working capital.

Lending 109

Lending Capital Survey Operations 109

Gonzobanker

AUGUST 17, 2022

Here’s a few recent ones that caught our attention, and please, “Give us some slack, teach” on the school themes, ok? Lending Tech With Almost Steady Grades (Even With Rough Semesters). Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

SEPTEMBER 5, 2019

Alternative lender Ultimate Finance is exiting the unsecured lending market in response to “market conditions,” according to the company. He added that “evolution is needed to reach our long-term aspirations and to capitalize on the huge opportunity in front of us.”. Reports in Verdict.co.uk on Wednesday (Sept. 4) said the U.K.

Lending 101

Lending Strategy Capital US 101

Abrigo

OCTOBER 21, 2021

Takeaway 3 Exploring lending opportunities and examining loan and deposit pricing are among steps that make sense while awaiting a Fed rate hike. If the pandemic has taught us nothing else, it is that “typical” does not fit well in our vocabulary and that economic recovery is not a straight pathway. Economic Indicators. Watch Webinar.

Lending 195

Lending Strategy Trends Marketing 195

South State Correspondent

MARCH 13, 2023

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). Equally important is the bank’s securities duration, as shown in the graph below.

Risk Management 221

Risk Management Management Community Bank Community 221

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. Supply chain intelligence company Altana AI landed a $7 million seed funding in an Amadeus Capital Partners-led round.

Payments 141

Payments Google Capital Lending 141

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. For us, these are sizable, meaningful relationships.” Capitalize on the momentum you gained during 2020.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

AUGUST 11, 2017

According to a report by the country’s 12 regional Federal Reserve banks, over half of all startups report difficulty in securing loans, and 81 percent report having had to dip into their personal funds to cover gaps in their corporate cash flow. We heard about Working Capital and called PayPal,” Lightman said. And they did.

Lending 117

Lending Capital Video Online 117

PYMNTS

MARCH 22, 2019

If data makes the world go ’round, so, too, does it garner investor interest, as evidenced by venture capital and other investors’ funds coming into the coffers of corporates that scrape the web for information. USD in series A funding from a consortium of investors, including Green Visor Capital. An Acquisition in Africa.

Data 178

Data Fintech Capital Lending 178

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. million Series C funding round with plans to use that money for B2B payments solutions. Alternative Lending. 17) that it secured $1.81

Fintech 100

Fintech US Capital Community 100

BankUnderground

NOVEMBER 30, 2021

Chart 1 : Bank of England liabilities and capital (£million, weekly). Chart 2 : Changes in lending and securities – QE banks versus non-QE banks. QE and bank lending. These reforms tightened capital requirements, requiring weakly capitalised banks to raise additional capital resources. What we do.

Lending 78

Lending Capital Groups Policies 78

PYMNTS

NOVEMBER 26, 2019

The AIM-listed company also increased its secured medium-term note (MTN) program from £7.5 These new borrowing facilities match the terms of the lending facilities extended to U.K. regulations have been working to elevate business banking competition and expand access to capital for corporate and SMB borrowers.

Lending 141

Lending Risk Management Policies Meeting 141