PYMNTS

JULY 14, 2020

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

JUNE 18, 2019

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. FinTech Alliance debuted this week, with a roster that tops 500 members. The main thing that will be removed is lending. In an example of U.K.

Fintech 108

Fintech Los Angeles San Francisco Examples 108

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena.

Strategy 109

Strategy Fintech Capital Lending 109

PYMNTS

SEPTEMBER 12, 2019

Affirm , a FinTech that offers customers payment plans at the point of sale, is reportedly looking to raise around $1.5 New York venture capital firm Thrive Capital is reportedly at the helm of the financing and Spark Capital is participating. The company makes money the same way a credit card company does, with interest. .

Capital 140

Capital New York Fintech Lending 140

PYMNTS

JULY 17, 2018

The movement toward linkups between traditional financial institutions (FI) and FinTech firms seems an inexorable one — in the cross-selling of corporate services into consumer bases that embrace individuals and, typically, small- to medium-sized businesses (SMBs). However, looking elsewhere beyond U.S.

Fintech 100

Fintech Regulation New York Management 100

Bank Innovation

FEBRUARY 13, 2018

That number is a milestone for the fintech that launched a little over four years ago. Back in November, Bank Innovation reported the New York. EXCLUSIVE – PFM platform MoneyLion now has two million customers on its app. based personal finance app’s user base to be 1.5

New York 231

New York Fintech Innovation Report 231

Bank Innovation

JANUARY 23, 2019

Toronto-based fintech Operant.AI Operant Founder and CEO Allan Fisch said at a meetup yesterday at Bank Innovation’s headquarters in New York that a consortium would allow the FIs to contribute anonymized data on the performance of their third-party […].

Operations 170

Operations New York Fintech Data 170

PYMNTS

JANUARY 23, 2019

Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards. Their collaboration links Bitty to Visa Direct functionality, allowing it to brand virtual and physical prepaid and debit cards linked to a business account.

Samsung 162

Samsung New York Branding Apple 162

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies.

Fintech 80

Fintech US Lending Cards 80

PYMNTS

JULY 15, 2020

MoneyLion , the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. with Mastercard as its exclusive card network. In an interview with PYMNTS earlier this year, Choubey said the FinTech traces its roots to providing financial access to 90 million Americans.

Mobile 175

Mobile New York Tools Digital Banking 175

PYMNTS

JANUARY 21, 2021

In the home lending segment, the company saw two-thirds of applications done digitally. In one example, New York-based Ocean Financial Federal Credit Union recently noted that it saw mobile check deposits triple from $565,000 in March to $1.3 Overall, the company saw 10 percent growth in its active mobile customer base to 40.9

Mobile 252

Mobile Report Trends Digital Banking 252

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. For an analysis of the DFS lawsuit, click here.).

Policies 60

Policies Lending Data Online 60

Bank Innovation

DECEMBER 6, 2017

The New York-based Hypr announced today that it received an additional $2 million on a Series A funding, first announced in October 2017. Today’s round was led […].

New York 284

New York Technology Online Capital 284

PYMNTS

APRIL 24, 2019

In addition, Wealthfront works with FDIC-insured partner banks — including East West Bank , New York Community Bank and others — to hold customers’ deposits. Wealthfront launched as a company that offered financial planning, investment management and lending through its portfolio line of credit. It now manages $13.5

FDIC 108

FDIC New York Community Bank Course 108

PYMNTS

SEPTEMBER 4, 2020

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. Honcho plans to deploy the investment towards new hires and invest in its product roadmap.

New York City 151

New York City Capital Colorado Software 151

PYMNTS

DECEMBER 7, 2020

Paysafe plans to go public on the New York Stock Exchange with a $9 billion listing. The company, which focuses on payment services that enable other firms to take credit cards, debit and cash transactions online, had previously been public, but Blackstone Group took it private in 2017. And as reported by CNBC Monday (Dec.

Online 161

Online Marketing New York Report 161

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

MAY 23, 2017

It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 According to the latest data out of the New York Federal Reserve , total U.S. As of Q1 2017, 61 percent of new mortgages were given to borrowers with credit scores of 760 or higher. household debt hit $12.73

Millennials 108

Millennials Lending New York Trends 108

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

MARCH 15, 2019

For financial services, and specifically for FinTech , the ripple effects may keep rippling. As reported in The New York Times and elsewhere, the extension may be voted on by Parliament to last a few months, or it may go toward the end of 2020. On a grander scale beyond FinTech, uncertainty has shown up in all sorts of ways.

Apple 116

Apple social media Fintech Lending 116

PYMNTS

APRIL 5, 2019

In the latest staff report from the New York Federal Reserve , titled “Trends in Household Debt and Credit,” it is noted that one of the features of debt is that it can “provide access to assets.”. Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users.

Millennials 115

Millennials New York Fintech Cards 115

PYMNTS

MARCH 15, 2019

For financial services, and specifically for FinTech the ripple effects may keep rippling. As reported in The New York Times and elsewhere, the extension may be voted on by Parliament to last a few months, or it may be go toward the end of 2020. As always the devil is in the details.

Apple 101

Apple social media Fintech Lending 101

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P.

Community Bank 144

Community Bank Community Lending Louisiana 144

Fintech Labs Insights

JANUARY 24, 2022

Here is the definitive list of fintech, banktech, insurtech, investtech and defi events for 2022. MIT Fintech Conference. Fintech Meetup. Fintech Junction. Lending 3.0 Empire Fintech Conference. AI in Finance Summit (New York). Fintech Summit. Fintech Talents North America.

Conference 15

Conference Fintech Las Vegas San Diego 15

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech. Amazon Payments.

Cards 101

Cards Lending Strategy US 101

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

San Francisco 70

San Francisco Lending New York City Online 70

Fintech Labs Insights

AUGUST 12, 2016

If unanimously positive perceptions are the hallmark of a bubble, then rest assured that the alt-lending market has moved past that stage. So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Looking at the P2P lending market in the U.K., Fintech Advances in Asia.

Trends 12

Trends Lending Fintech blockchain 12

Fintech Labs Insights

AUGUST 24, 2016

It’s 2016, and the red hot fintech sector has evolved immensely since Finovate first launched 10 years ago. Next month at FinovateFall in New York, we’re going to see some things that, compared to 2007, seem like the way the Jetsons would manage their finances. Status quo is no longer an option. Collaboration.

Fintech 12

Fintech New York UX Lending 12

Fintech Labs Insights

SEPTEMBER 21, 2015

The money flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. Year-to-date fintech firms have raised $13 billion. The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr.

New York City 12

New York City San Francisco Company Fintech 12

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Atlas reduces barriers to new business creation. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

PYMNTS

FEBRUARY 2, 2017

s FinTech pains. With 498 lawmakers in favor and 114 against, the bill will now proceed to the revising chamber of Parliament, the House of Lords, and then eventually must receive a majority in the House of Commons before it can become law, The New York Times reported. FinTechs Say ‘Hello, Holland’. Is It Brexit Go Time?

Fintech 100

Fintech Comparison New York Report 100

Fintech Labs Insights

MARCH 1, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 Seven weeks into the new year, fintech companies have raised $4.7

New York City 12

New York City Company Fintech San Francisco 12

Fintech Labs Insights

JUNE 16, 2016

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 SigFig brought in $40 million from a blue-chip lineup of financial institutions including Comerica, Santandar, and New York Life. EZBob landed a $25 million debt commitmen t to increase its SMB lending.

San Francisco 12

San Francisco Company South Carolina New York City 12

Fintech Labs Insights

APRIL 13, 2016

For the 14th week in a row, fintech deals worldwide surpassed the 20-mark. Ixaris landed $6 million for its prepaid card platform. Here are the fintech deals by size from 2 April to 8 April 2016: Home Link (Lianjia). P2P lending platform. HQ: New York City. Prepaid card payments platform.

New York City 12

New York City Company Fintech Minnesota 12

PYMNTS

DECEMBER 15, 2017

So it is that Walmart, which has proven that it has been a staunch advocate of adopting technology to push ever-farther into the digital transaction arena, said earlier this week that it is partnering with two FinTechs to let U.S. The app links Walmart’s payroll system to the individual’s prepaid cards or bank accounts.

ATM 116

ATM System New York Payments 116

PYMNTS

AUGUST 21, 2018

Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. “The trillion during the quarter ending in June, according to the New York Federal Reserve.

US 100

US Millennials New York St. Louis 100

Fintech Labs Insights

JULY 12, 2016

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Two Finovate alums landed new money this week: Callvu raised $3 million , with participation frim NICE Systems. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. HQ: New York City.

New York City 12

New York City Company Fintech San Francisco 12