Bank Innovation

JANUARY 19, 2018

Startup Varo Money has raised $45 million for its plans to become a full-fledged, “national bank,” the startup announced yesterday. The funds will go towards marketing its service as well as for laying “the foundation” to become a bank, company CEO Colin Walsh told TechCrunch.

National 225

National FDIC Mobile Marketing 225

PYMNTS

AUGUST 1, 2017

With home loan growth expected to slow to 4 percent in 2018, National Australia Bank (NAB) wants to build its business elsewhere, namely in SME lending. Finally, National Australia Bank is also looking to streamline SME customer on-boarding, allowing sole traders to open an online account in about 10 minutes.

National 100

National Lending Capital Regulation 100

PYMNTS

APRIL 18, 2019

The Federal Reserve has released new data on small businesses’ appetite for capital, and it appears that financing demand is on the rise. Compared to 2017 figures, small businesses have increased their demand for capital. Nearly one-third sought financing online in 2018, an increase from 24 percent in 2017.

Capital 109

Capital Survey Lending Online 109

PYMNTS

JULY 25, 2018

Invoice factoring company Interstate Capital is focusing on speed with its latest enhancements. The firm said this week it is offering an expedited factoring process to accelerate the time it takes for businesses to access capital when they’re waiting for their invoices to be paid. But competition in the industry is growing.

Capital 100

Capital Industry Groups Online 100

PYMNTS

MAY 20, 2019

Czech Prime Minister Andrej Babis has proposed a national development fund to help invest in social issues, digitization of the economy, education and transportation, according to a report by Reuters. million) to put into the fund.

National 108

National Capital Compliance Financial Technology 108

PYMNTS

NOVEMBER 6, 2020

We have deep dives on digital payments, online ordering and memberships. Apple is still the most valuable company in the nation, but it’s worth $430 billion less than it was two months ago – primarily, analysts say, because of concerns that the new iPhones arrived too late, per news on Nov. Trackers and Reports.

Online 148

Online Payments Millennials Apple 148

PYMNTS

NOVEMBER 13, 2019

Since an increasing amount of BFCM shopping is comprised of online orders, Clearbanc said it’s important for eCommerce brands “to front-load inventory sourcing for the holiday season.”. The company has raised $420 million to date from Highland Capital, Emergence, Founders Fund and Inovia Capital.

Online 105

Online Study Capital Survey 105

PYMNTS

JUNE 24, 2016

The roundup of this week’s venture capital investments in B2B startups offers some insight into the geographical differences in how this space is developing. did land on the board this week, thanks to one industry that has garnered particular attention in the nation. But the U.S. Find out what that sector is in our roundup below.

National 100

National Trends Lending Capital 100

PYMNTS

FEBRUARY 26, 2019

Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. The access is exclusive to Caesars locations across select states where the company operates casino properties. and Australia. .

Online 108

Online Mississippi New Jersey Boston 108

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. There will also be deposit products and online banking, among other offerings.

New York 100

New York National FDIC Lending 100

PYMNTS

NOVEMBER 13, 2019

Since an increasing amount of BFCM shopping is comprised of online orders, Clearbanc said it’s important for eCommerce brands “to front-load inventory sourcing for the holiday season.”. The company has raised $420 million to date from Highland Capital, Emergence, Founders Fund and Inovia Capital.

Online 106

Online Study Capital Survey 106

PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. based economic research firm.

Lending 103

Lending Online Community Washington 103

PYMNTS

AUGUST 9, 2018

Small business software firm Womply is rolling out its cybersecurity solution designed to safeguard companies’ online presence, the company announced on Wednesday (Aug. “Increasingly, the most damaging threats to revenue for small businesses are found online,” said Womply President Cory Capoccia in a statement.

Tools 100

Tools Online Software Security 100

PYMNTS

AUGUST 7, 2019

Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Online Auto Sales. The deal is not the only recent news involving the online retail sales of automobiles.

Online 112

Online Retail Trends New York 112

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. Crypto Conference.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Risk Management 221

Risk Management Management Lending Capital 221

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs). Interest rate limits.

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. ní banka Taps Temenos. The Czech Republic’s Komer?ní

Fintech 341

Fintech National Groups Tools 341

PYMNTS

DECEMBER 27, 2016

According to the Wall Street Journal , shoppers are increasingly flocking to brick and mortar retail locations to return the unwanted holiday gifts received online. Penney, the WSJ reported, more than 90 percent of online returns are done in physical retail locations.

Online 102

Online Retail National Capital 102

PYMNTS

JULY 24, 2020

Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported. Online lending has brought about a number of complications in Kenya, with digital loans reportedly leading rising personal debt for users in the country.

Lending 157

Lending National Mobile Online 157

PYMNTS

NOVEMBER 4, 2020

The tie-up connects one of the globe’s top online shopping platforms with one of the globe’s top cloud point-of-sale (POS) firms, according to the announcement. Our customers must move to capitalize on the growing demand for online retail,” Epos Now Chief Growth Officer Barbara Staruk said in the announcement. “Our

Payments 222

Payments Retail Online Software 222

PYMNTS

JUNE 7, 2016

Drilling down a bit, the key areas of lending, said Arora, “would be the working capital needs” of small businesses and a sweet spot tied to those needs, where $150,000 to $250,000 loans would be used to furnish inventory, equipment or ramp up staffing.

Online 100

Online Lending Course Risk Management 100

PYMNTS

SEPTEMBER 29, 2020

In today’s top payments news around the world, digital Filipino payments platform PayMongo has come off a funding round with $12 million, while ALDI is taking another big step in the world of online shopping. ALDI To Test Online Grocery Ordering At UK Stores. Plus, a London judge has reinstated Uber Technologies Inc.’s

Payments 189

Payments Regulation Capital Online 189

PYMNTS

NOVEMBER 3, 2020

Furthermore, the new funding round is meant to also grow the firm’s presence or capacity to serve customers in other nations like Indonesia, Thailand and Singapore. The company’s foreign exchange trading features provide payments and trades in 11 distinct currencies with intentions for additional currencies to come at a later time.

Payments 263

Payments Resources Lending Online 263

PYMNTS

NOVEMBER 24, 2020

InsurTech group Hippo Enterprises has announced a capital investment of $350 million from Mitsui Sumitomo Insurance Company , a press release says. With the investment, Hippo will be able to keep expanding its online home insurance business across the U.S., a national property and casualty insurer. billion at that time.

Risk Management 174

Risk Management Capital Online Analytics 174

PYMNTS

NOVEMBER 11, 2020

Plus, Canadian payment services company Interac is collaborating with Walmart Canada to expand debit card payment methods in store and online. LinkAja, an Indonesian FinTech, closed a Grab-led Series B funding round that had participation from Mandiri Capital Indonesia, BRI Ventura Investama and Telkomsel.

Mobile 182

Mobile Payments Capital Fintech 182

PYMNTS

JANUARY 13, 2021

The eWallet firm, Vietnam’s largest, has pulled in $100 million from a group of six investors co-led by Warburg Pincus and Goodwater Capital, Reuters reported on Wednesday (Jan. The company would not confirm the exact amount, but Reuters cited a source familiar with the deal that pegged it at about $100 million.

Capital 154

Capital National Management Groups 154

PYMNTS

SEPTEMBER 8, 2016

Starting today and running through the end of 2017, travel-loving Capital One customers with either the Capital One Venture Card or the VentureOne Card will have a new perk to play with. But discounts aren’t the whole of the model, since even Shank noted that there are other ways to save when booking online.

Capital 100

Capital Cards US Customer Experience 100

PYMNTS

MAY 30, 2016

If brick-and-mortar merchants can claim anything sacred from the total encroachment of online retail on its turf, it’s the highest echelon of uber-luxurious commerce. That is, if the current trend toward dollar shopping holds — both in-store and online. billion total.

Online 100

Online Retail Branding National 100

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. Office of the Comptroller of the Currency for its application for a national bank charter. SoFi was valued at $4.8

Report 269

Report San Francisco Lending America 269

PYMNTS

DECEMBER 8, 2020

Plus, online lending startup SoFi is looking to go public through a SPAC. economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE).

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

MAY 7, 2020

And often, drilling down into business segments and management commentary provides insight into just how we as a nation are faring, depending on where you look. Larger full-service restaurants opened community markets to sell raw ingredients, produce and food staples through online stores,” he said. The Great Pivot.

Maine 141

Maine Online Capital Retail 141

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.

Trends 175

Trends Fraud Millennials Community Bank 175

BankDeals

JANUARY 29, 2022

Bask Bank (online division of Texas Capital Bank) is currently offering a top rate on its nationally available Bask Interest Savings Account (no min or max balance).

Texas 52

Texas National Capital Online 52

PYMNTS

MARCH 29, 2020

Bigger lenders — JPMorgan Chase , Bank of America , Capital One and Santander — are pouring over various borrowing rules and making revisions, informed sources told the WSJ. Square and On Deck Capital are among the FinTechs planning to follow suit in the coming days.

America 198

America Capital Cards Lending 198

PYMNTS

JANUARY 13, 2021

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated.

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

PYMNTS

JULY 9, 2019

Indian online grocery delivery company Milkbasket has acquired online grocery distributor PSR Supply Chain, according to reports. 10 crore to upgrade its vegetables and fruits category and set up 10 more collection centers across the nation. . The amount of the acquisition wasn’t disclosed. . Last month, the company raised ?15

Capital 108

Capital Regional Online US 108