Stripe switches up board members: report
Payments Dive
DECEMBER 7, 2023
The digital payments company replaced one director and added another, increasing the representation from Sequoia Capital entities, a trade publication reported.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Perficient
DECEMBER 16, 2020
Being aware of Working Capital balances and taking proactive action has never been more important to businesses of all sizes. Our Working Capital Analytics application provides high-level metrics relating to working capital and deeper dives into current assets and liabilities’ primary components.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
OCTOBER 23, 2020
Capital One reported on Thursday (Oct. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 billion, the bank reported in its supplemental earnings materials. Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64 Capital One Financial Corp.
Accenture
DECEMBER 19, 2022
Accenture conducted a survey of over 300 US businesses about their treasury functions, and the findings in our new report, “Unlock the treasury management treasure chest,” will be of particular…. The post Drive treasury and capitalize on fintech rise appeared first on Accenture Banking Blog.
Abrigo
JUNE 5, 2023
Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions.
PYMNTS
DECEMBER 2, 2020
Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. So we built Capital for platforms: [link]. On Tuesday (Dec.
PYMNTS
FEBRUARY 18, 2019
Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. ” Business CreditWise provides unlimited access to a business credit report, sourced in real time from LexisNexis Risk Solutions.
PYMNTS
AUGUST 21, 2020
More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. In contrast, the report said $38 billion in cryptocurrency left Western Europe.
PYMNTS
OCTOBER 11, 2020
Representatives of grocery-delivery powerhouse Instacart have met with investment bankers to explore taking the company public, the Financial Times (FT) reported. 8) that it had received $200 million in new capital from existing investors Valiant Peregrine Fund and D1 Capital Partners, boosting Instacart's valuation to $17.7
PYMNTS
JANUARY 15, 2021
15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.
PYMNTS
DECEMBER 17, 2018
Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.
PYMNTS
APRIL 10, 2020
After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 The startup’s board had set aside just under 93,000 Series E preference shares with an INR 100 nominal value, Inc 42 reported. Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013.
American Banker
APRIL 18, 2024
The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.
PYMNTS
AUGUST 14, 2020
Initialized Capital Management has notched $230 million for Initialized V , the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Initialized Capital Management Co-Founder Garry Tan told Bloomberg, “We love finding tomorrow’s unicorns.”. million in a Series A round.
Abrigo
SEPTEMBER 7, 2023
Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. The institution can more easily capitalize on opportunities and avoid unnecessary risk. Explore Abrigo Connect.
Bank Innovation
MARCH 11, 2020
WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. The Wilmington, Del.-based
PYMNTS
NOVEMBER 22, 2020
Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. The new fund, called Bain Capital Double Impact Fund II, was registered with the SEC on Aug.
PYMNTS
MARCH 6, 2020
A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). Mailprotector.
PYMNTS
AUGUST 6, 2020
Monzo Bank Ltd, the London-based online bank, must now have a capital worth of 13.6 The Financial Times (FT) reported the new requirements are among the first signs the Bank of England ( BoE ), the United Kingdom’s (U.K.) FT reported a check of recent regulatory filings revealed the number was increased by more than half.
BankInovation
JULY 20, 2023
Capital One continued to modernize its technology infrastructure in the second quarter. BY THE NUMBERS: The $471 billion bank reported in Q2: Communications and data […]
Abrigo
AUGUST 2, 2023
Results of recent reports are a reminder that all bank and credit union executives need to be prepared with key information and insights about CRE credit to effectively address many of the same questions from their own stakeholders and examiners. Stress testing helps you manage capital levels and credit risk.
PYMNTS
SEPTEMBER 3, 2020
To assist in creating a blueprint for businesses aiming to expand, Hitachi Capital Business Finance has rolled out its inaugural “Smart Business Planning” initiative that follows its ongoing pledge to help those who own small- to medium-sized businesses (SMBs), Process and Control Today reported.
Banking Exchange
NOVEMBER 10, 2021
Bank capital ratios remained well in excess of regulatory requirements finds Federal Reserve financial stability report Risk Management Feature3 Feature Financial Research Financial Trends The Economy Compliance.
PYMNTS
FEBRUARY 28, 2020
Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by Yahoo Finance. Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. Net income CAGR was 8.2 percent throughout the same time period.
PYMNTS
JUNE 29, 2020
(FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. To do so, the FDIC is going about a new competition among 20 data and technology firms to try and find the best way to move forward, WSJ reported. Recently, the FDIC also eased up the Volcker Rule.
PYMNTS
MAY 20, 2020
To help real estate investors contend with the increasingly complicated accounting and compliance work particular to real estate, Avignon Capital , a European firm, has rolled out a new in-house corporate accounting offering. Comer will spearhead the initiative.
TheGuardian
MARCH 19, 2021
Former prime minister approached Treasury and Downing Street to gain financial firm access to Covid loans The former prime minister David Cameron reportedly lobbied senior government officials to give Greensill Capital special access to the largest available tranche of emergency Covid loans just months before the lender collapsed.
PYMNTS
JULY 23, 2020
Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. The new Citi Supplier Finance app will add to the arsenal for the companies looking for electronic onboarding services, Finextra reported.
PYMNTS
MARCH 9, 2020
In an unusual move for a venture capital firm, Sequoia Capital has parted ways with a company over a conflict of interest, and in doing so, has given up $21 million, according to a report. The venture capital firm is one of Stripe’s biggest investors. Finix has now raised $65 million in capital altogether.
PYMNTS
DECEMBER 18, 2020
Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Furthermore, 22 percent of Americans have reported being targeted by COVID-related fraud.
PYMNTS
JANUARY 12, 2021
Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.
PYMNTS
DECEMBER 18, 2020
The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. India-based Arya , which offers post-harvest services throughout the agricultural value chain, said that it landed $21 million in a Series B financing round, according to a TechCrunch report. CloudTrucks.
PYMNTS
DECEMBER 29, 2020
. — think Amazon , Starbucks , McDonald's and Walmart — are expected to get even bigger post-pandemic, while small- to medium-sized businesses (SMBs) fight for survival, the Financial Times (FT) reported Tuesday (Dec. While people hunkered down, companies providing digital delivery of essentials saw business soar. A record $2.5
PYMNTS
SEPTEMBER 30, 2020
But a somewhat fast bounce-back for transaction banking revenues is forecasted to take place next year, the Global Trade Review (GTR) reported, citing a Greenwich Associates report. In 2020, the global pandemic has brought that to a screeching halt,” the “ Banking after COVID-19 ” report noted.
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. India-based Xtracap secured $1 million in angel funding, YourStory reported. There was a nearly 20 percent drop in the number of deals solidified in the quarter, too.
PYMNTS
JULY 30, 2019
A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Software engineer Paige Thompson, 33, allegedly boasted about the hack and left crumbs for investigators to follow, The New York Times reported.
PYMNTS
NOVEMBER 10, 2020
Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Factors Affecting Working Capital Needs. Automating Capital Management.
PYMNTS
DECEMBER 15, 2020
In another sign of the strength of initial public offerings (IPOs) right now, eCommerce site Wish has sold shares to investors at the top of its price range, the Financial Times (FT) reported. billion and gave it an implied market capitalization of $14 billion. Investors have previously valued the company at $11 billion, FT reported.
PYMNTS
JUNE 23, 2017
Funding company Shopify Capital just released details from its Q1 2017 earnings call, which many are speculating will lead to a 25 percent return on investment (ROI). Following a recent $561 million equity funding round, and with $18.6 The company is also pushing highly sought high-volume merchants onto its Shopify Payments offering.
PYMNTS
JANUARY 11, 2021
Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations.
PYMNTS
OCTOBER 29, 2018
Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming. According to the report, Capital One and Discover are seen as gauges of American consumers’ ability to handle debt.
PYMNTS
SEPTEMBER 15, 2020
Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. Social Capital Hedosophia, the fourth in as many as 26 deals of this type, comes as Palihapitiya said on a recent podcast that he's reserved tickers from "IPOA" to "IPOZ" on the New York Stock Exchange, Bloomberg reports.
PYMNTS
AUGUST 16, 2019
The retirement-focused United Income will now give automated advice as part of Capital One, which is looking to expand its robo-adviser offerings. . Capital One purchased the company for an undisclosed amount after taking a 10 percent stake last year, American Banker reported on Friday (Aug. billion, an increase of $2.3
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. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content