Bank Innovation

FEBRUARY 25, 2019

There are no lending products in fintech Aspiration's near-term future thanks to the neobank's new status as a broker-depositor.

Lending 170

Lending Fintech Community Bank Capital 170

PYMNTS

AUGUST 10, 2018

Visa and Mastercard have agreed to cut Canadian credit card transaction fees, which could save smaller businesses (SMBs) C$250 million ($192 million) a year. The companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.4 percent on cards, according to Canada’s finance department.

Cards 107

Cards Taxes Community National 107

Abrigo

MAY 8, 2024

Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence. Abrigo Small Business Lending Intelligence powered by Charm provides loan rating risk scores, the probability of default, and how the score was calculated.

Examples 195

Examples Fraud Resources Risk Management 195

Independent Banker

DECEMBER 31, 2021

Here’s what community banks need to know about these products and how they can take advantage of this model. Emerging as the latest form of point-of-sale (POS) lending, BNPL introduces new ways for consumers to make purchases and spread out their payments. BNPL: The community bank play. By Colleen Morrison. It’s an evolution.

How To 91

How To Community Bank Community Lending 91

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. I’ll repeat that: one credit union and one community bank.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

SEPTEMBER 17, 2019

Community Banks Go Real Time. State-chartered financial institution Bankers’ Bank , which focused on providing correspondent banking solutions to community banks, recently announced it would become a funding agent for institutions that want to offer real-time payments via The Clearing House ’s RTP service.

Payments 109

Payments Community Bank Community Survey 109

PYMNTS

OCTOBER 8, 2019

CUs are no longer confined to operating primarily as regional players, moving beyond the confines of original charters that had limited them to, say, specific communities or employers. Traditionally, he said, CUs have been well known when it comes to auto lending, and they have been making inroads into mortgage lending.

United States 102

United States Millennials Course Lending 102

PYMNTS

DECEMBER 3, 2019

Power Director of Wealth and Lending Intelligence John Cabell in a statement. Others are turning toward collaboration and the developer community to more easily create their own corporate card solutions, and explore new use cases. But they may have a blind spot when it comes to the product itself,” said J.D.

Cards 101

Cards Innovation Tools Study 101

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

SEPTEMBER 20, 2017

While it’s tempting for old-timers to grumble, complain or even panic about younger generations, Marshall said BECU prefers to see what the FinTech community can teach credit unions about staying active and engaged in the financial health of its members. Among the companies approached is Even, a supply-side marketplace lending company.

Fintech 123

Fintech Innovation US Mobile 123

CB Insights

FEBRUARY 20, 2020

Two of the most recent unicorns are vertical payments processor Flywire , which raised a $120M Series E from Goldman Sachs, Temasek, Tiger Global, and Adage Capital Management in February 2020 at a $1B valuation, and point-of-sale payments startup Pine Labs, which closed a corporate minority round from Mastercard in January 2020 to reach a $1.6B

Fintech 80

Fintech US Lending Cards 80

FICO

JULY 15, 2022

The lending and financial services industry can provide that social good, as long as it's done in a way that is both responsible and fair. While the introduction of credit scoring technology introduced by FICO in the late 50's changed lending forever; it’s worth exploring what it takes to make a social impact today.

Analytics 52

Analytics Data Lending Innovation 52

PYMNTS

DECEMBER 2, 2019

With critical infrastructure in place, they can fast-track new products and services, and work with the likes of Visa and Mastercard to transform payment ecosystems. That’s especially true in the consumer lending and demand deposit account (DDA) startups. And it’s not overfunded by a little bit,” he told Webster of challenger banks.

Capital 127

Capital Innovation User Experience Payments 127

Fintech Labs Insights

APRIL 5, 2017

FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions. Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security. Stay current on daily news from the fintech developer community! Twilio launches programmable fax service.

New York 15

New York Video Regional Lending 15

Gonzobanker

JUNE 3, 2015

Lending Club, Funding Circle and OnDeck are just three examples. Not because they will put banks out of business, although Lending Club’s $300 million/month in originations is nothing to sneeze at. We all know that PayPal uses ACH to bypass the Visa/MasterCard rails. They need to be understood. Are we at all relevant in that?

Management 60

Management Examples Lending Conference 60

Fintech Labs Insights

JULY 27, 2016

Mastercard to Buy VocaLink for Up to $1.14 Cloud Lending Solutions adds new online modules to its Learning program. Stay current on daily news from the fintech developer community! ITProPortal interviews Temenos Chief Strategy and Marketing Officer, Ben Robinson. Billion After Masterpass Expansion to Retail.

New York 12

New York Google Regional Capital 12

NCR

DECEMBER 1, 2016

Bills are often paid at these locations or in person, and perhaps if they need to buy something online they’ll buy a pre-paid single use Visa or MasterCard from CVS. While there is a valid argument that the Durbin amendment lends itself to smaller banks earning more interchange revenue than larger banks.

Digital Banking 40

Digital Banking New York Tools Lending 40

Gonzobanker

DECEMBER 19, 2017

Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. Oh, by the way, that Fintech darling of two years ago Lending Club?

Conference 101

Conference Industry Community Bank Community 101

PYMNTS

DECEMBER 16, 2020

Welcome Technologies , which builds data-driven tech for immigrant communities, has chosen PSCU , a credit union service organization, to provide processing services and support for the first credit card program to be offered by Welcome, an online consumer platform that focuses on immigrant communities, according to a press release.

Technology 154

Technology Cards Missouri Florida 154

Lex Sokolin

AUGUST 19, 2020

In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. Arguably, Monzo is the most fragile of the three players despite having a banking license for 2 years and having converted 94% of its prepaid card customers into current accounts for deposits and lending. That’s really high?—?lending

Comparison 52

Comparison Fintech Lending Analysis 52

Fintech Labs Insights

DECEMBER 14, 2015

Four Finovate alums were among the bunch: CBANC Network took in $4 million for it’s community bank information network. BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. Real estate lending marketplace. Community financial institution research network.

San Francisco 12

San Francisco Company Fintech New York City 12

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. To those community bankers claiming their growing Compliance departments say no to everything. Community bank marketing resources. Bravo OZRK! C’mon Man!’

Community Bank 60

Community Bank Apple Community Technology 60

MyBankTracker

SEPTEMBER 23, 2020

Here’s what you need to know about the Earnin app, including how to get started and how it compares to other lending options. However, the app does have a feature that allows its community to support the app and pay it forward to other users. What You Need to Know About the Earnin App. What fees are involved?

How To 52

How To Cards Resources America 52

Tomorrow's Transactions

AUGUST 30, 2016

But when I got to Waitrose and used my phone, the ensuing transaction was just a boring (although very secure) old MasterCard credit card transactions running over the same old rails. As Anthony Jenkins (former CEO of Barclays) accurately predicted years ago, mobile phones are going to replace cards before they replace cash.

Big Data 34

Big Data Mobile Cards Fintech 34

Fintech Labs Insights

SEPTEMBER 25, 2016

Earlier this year at FinovateSpring, our attendees awarded a Best of Show trophy to BanQu ( F16 ) , a company that uses blockchain technology to help refugee and displaced persons re-establish community ties through identification and financial inclusion. Brief: FinovateFall 2016 Best of Show – CrowdfundInsider. within the next year.

blockchain 12

blockchain Trends Fintech Cards 12

CB Insights

AUGUST 20, 2017

Select Investors: International Finance Corporation, MasterCard Worldwide, Omidyar Network. Zoona uses technology to provide financial services to underserved and financially excluded communities across Africa. Total Disclosed Funding: $20.5M. Zoona is a South Africa-based mobile payments company focused on helping businesses grow.

Company 60

Company Community Capital Mobile 60

CB Insights

MAY 15, 2019

MasterCard — MasterCard Labs. Mastercard Labs wants to “transform the way people pay and get paid.” Mastercard Labs partners with other divisions around the company, including the Innovative Products team, to quickly develop products that push new commerce solutions. Founded: 2010.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

JULY 18, 2016

Lending Club continued to prove there is almost always more to the story, American Express announced a surprise collaboration with Airbnb and PayPal pushed harder into B2B payments. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here.

Lending 100

Lending Payments Metro Cards 100