Remove Cards Remove Denver Remove Lending Remove Retail
article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Sectors like office, retail, and hospitality, are even worse.

article thumbnail

Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Census Bureau reports advanced estimates that retail sales were down 1.2% Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards.

Trends 52
article thumbnail

US Bankcards Industry Benchmarking Trends: 2022 Q4 Update

FICO

Increasing of the fed funding rates leads to higher interest rates when seeking new credit or carrying balances on credit cards. For example, the average interest rate on credit cards accruing interest in Q4 2022 was 20.40% compared to 16.44% in Q4 2021 (Source: Federal Reserve G.19 19 report on Consumer Credit).

Trends 52
article thumbnail

Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

Ixaris landed $6 million for its prepaid card platform. P2P lending platform. Prepaid card payments platform. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile. Retailer point-of-sale system. Tags: SMB, lending, P2P, crowdfunding, credit, commercial loans, underwriting.

article thumbnail

Fintech Fundings: 23 Companies Raise $2.7 Billion Week Ending Jan 22

Fintech Labs Insights

Kiosk to convert foreign coins & currency into gift cards. Platform for employers to lend to employees. HQ: Denver, Colorado. Retail banking and ATM technology. Tags: Consumer, payments, tickets, B2G2C, merchants, acquiring, debit/credit cards. HQ: Hong Kong, China. Source: Crunchbase. Payday loan alternative.

Company 12
article thumbnail

121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Steering the ship — handling all of the engineering, manufacturing, marketing, and retailing, even when you’re taking 90 percent of the subsequent profits — was ultimately too expensive of a proposition, especially in comparison to other, less-handholding-oriented start-ups. .” via Denver Post. Total disclosed funding: $185.3M.

Capital 78