PYMNTS

SEPTEMBER 24, 2020

Small- to medium-sized businesses (SMBs) are reporting difficulty with the forgiveness aspect of the Paycheck Protection Program (PPP) as that feature opens up, according to CNBC. Trade groups have asked Congress for legislation to simplify the forgiveness process for loans under $150,000, which make up the majority.

Guidelines 137

Guidelines Policies Report Groups 137

Perficient

DECEMBER 2, 2020

The other is a credit union that I signed up with because they offered a particular lending product. And, I use several other companies to support my other financial needs. While some companies offer unique products and experiences that are tough to avoid, most organizations have a massive cross-sell/up-sell opportunity.

Data 294

Data Customer Experience Case Study Branding 294

PYMNTS

JUNE 26, 2020

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said.

Fraud 290

Fraud Report Security Company 290

PYMNTS

FEBRUARY 25, 2019

companies are opting for term loans. According to Reuters , long-term debt from major mergers and acquisitions ( M&A ), as well as slow repayment of that debt, has led to a number of downgrades — with some companies reaching the lowest investment grade ratings or even meeting junk status. billion term loan that will replace a $1.5

Company 108

Company Meeting Capital Groups 108

Independent Banker

DECEMBER 31, 2022

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. You want change, make some.”

Innovation 103

Innovation Trends Community Bank Community 103

PYMNTS

OCTOBER 7, 2020

EMQ , a provider of global financial settlement services, has begun letting businesses around the world transfer up to roughly $280,000 directly into banks in Japan, the company announced in a news release. EMQ already operates in Japan.

Regional 218

Regional System Operations Community 218

Gonzobanker

JANUARY 18, 2024

That adds up to opportunity for larger banks (>$100 billion in assets) to get into the space more aggressively. Tech companies that enable banks and credit unions to provide BNPL will have a good year in 2024. Tech companies that enable banks and credit unions to provide BNPL will have a good year in 2024. Big surprise, eh?

Fintech 88

Fintech Customer Experience Tools Payments 88

PYMNTS

JANUARY 14, 2021

Commerzbank Chief Risk Officer Marcus Chromik told a parliamentary committee that the bank agreed to extend credit to Wirecard in 2018, based on assurances about the company's prospects. Despite carrying out their own analyses, “[t]here were no signs of accounting discrepancies,” said Chromik, Reuters reports.

Fraud 146

Fraud Regulation Operations Report 146

PYMNTS

MARCH 13, 2020

With the acquisition of Apply Financial, Accuity wants to speed up payments for customers, it said in a statement Thursday (March 12). The company has a portfolio called Bankers Almanac for Payments, which works to deliver reliable information on bank and routing data. Terms of the deal were not released.

Payments 150

Payments Maine Industry Trends 150

Abrigo

MAY 24, 2023

If signed into law, the SAFE Act would allow banks to provide services to cannabis-related businesses (CRBs) in states that have passed the legalization of marijuana in some form. According to a letter from the American Bankers Association (ABA) to the Senate Banking Committee, only about 11 percent of all U.S.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

AUGUST 9, 2020

The Clearing House, a payments company that is owned by the nation’s largest banks, has been operating its own real-time system for three years. Many credit unions and smaller banks said their interests will be ignored and have declined to sign with up for the giant bank-owned system. payment system. payment system.

System 181

System Payments Operations Fraud 181

PYMNTS

NOVEMBER 1, 2016

Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg , smooth-talking fraudster Avery Stone and his partners at GMF convinced bankers from prominent international banks to invest in the business to the tune of $32.5 million).

Strategy 100

Strategy Cards Company Fraud 100

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. By Katie Kuehner-Hebert.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

JULY 23, 2020

Patrick Roussel , executive vice president of MEA Mobile Financial Services with the company, explained in the release that the new mobile banking service grew out of the company’s original Orange Bank money transfer service launched in 2008.

Mobile 140

Mobile Online Regulation Company 140

PYMNTS

JUNE 26, 2020

CoinDesk reported both companies have assured customers their funds were safe because and being held by a separate financial institution. On Friday (June 26) the FCA ordered Britain’s Wirecard subsidiary to freeze the German company’s funds as regulators determine the next steps. All funds will be refunded in the next 48 hours.

cryptocurrency 171

cryptocurrency Regulation Cards Course 171

PYMNTS

MAY 1, 2019

Insurer Sun Life Financial has also signed up to be part of the service. Verified.Me, according to SecureKey Chief Executive Officer Greg Wolfond, will be used to prove identities for not only bank records, but also for health records , telephone companies and government services. SecureKey Technologies Inc.,

blockchain 173

blockchain System Security National 173

PYMNTS

FEBRUARY 14, 2019

As noted in the American Banker , SWIFT has maintained that Ripple has not set up relationships with firms that can navigate regulatory hurdles. SWIFT said its own global payments innovation (gpi) offerings succeed in clearing those complexities, and that hundreds of banks have signed on with gpi. dollars to Philippine pesos.

Payments 184

Payments blockchain Report Capital 184

PYMNTS

SEPTEMBER 27, 2018

Rideshare company Lyft ’s revenue more than doubled in the first half of the year to $909 million. In addition, the company’s net loss increased at a slower rate than a year earlier, going up by 46 percent to $373 million. The company also lost 41 cents for every dollar of revenue, an improvement from a year earlier.

Marketing 122

Marketing Maine Groups Data 122

Gonzobanker

DECEMBER 17, 2021

THE BANKER AWARDS. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Doug Larson. Gonzo readers, 2021 was just plain schizophrenic.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

JANUARY 3, 2017

and a handful of lesser known software companies are gearing up for IPOs in 2017 in a sign that the IPO market could finally be on the upswing. The report cited investment bankers and investors as saying that these enterprise software companies make money through subscriptions, which gives them a reliable stream of revenue.

Software 116

Software Capital Report Marketing 116

PYMNTS

FEBRUARY 22, 2019

After the customer has been signed, the firm will help with onboarding and service as well as ongoing customer care. These companies also might need a sophisticated accounts payable (AP) platform, such as AvidXchange. FinTechs, especially younger firms, might have robust technology as well as strong solutions to problems.

Fintech 205

Fintech Regional Compliance Marketing 205

PYMNTS

SEPTEMBER 26, 2018

JPMorgan Chase is reportedly in discussions with Lyft about being the lead banker on its pending initial public offering (IPO). Lyft is gearing up to interview investment banks in October as it puts together the underwriters for the IPO, sources told CNBC, noting that no roles have been formally given to any investment banks yet.

Marketing 169

Marketing Data National Report 169

South State Correspondent

JUNE 22, 2022

Many banks don’t think in terms of innovation and are not set up for innovation. Every bank, no matter the size, should think and train bankers on where, and how to look for improvements. While most companies just focus on the customer, top-performing innovative banks know that the employee is a central part of that equation.

Innovation 195

Innovation Meeting Apple Maine 195

Gonzobanker

MARCH 9, 2022

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms. Let’s take a closer look at each deal: Finxact Goes To Fiserv.

Financial Technology 149

Financial Technology Technology Fintech Community 149

Abrigo

JUNE 12, 2020

While this is a promising sign, 13.3% While this is a promising sign, 13.3% The Fed is authorized by the Treasury to provide up to $600 billion in loans to companies with less than 15,000 people, or an annual revenue of less than $5 billion. to 13.3% – a far cry from the near 20% expected. What happened? learn more.

Maine 195

Maine Lending Regulation Resources 195

PYMNTS

MARCH 6, 2020

According to Jon Rigsby, co-founder and chief executive officer of loan origination software company Hawthorn River , the sheer age of many U.S. “The technology transformation that has taken place in the last 10 or 20 years has put a strain on many community bankers,” he told PYMNTS in a recent interview.

Community Bank 173

Community Bank Community How To Lending 173

PYMNTS

JANUARY 14, 2021

But in a wrinkle — and with a nod to the “cash in, cash out” feature — the users also can visit one of over 60,000 JazzCash agents located in Pakistan, who can help users set up and use their JazzCash accounts (and transact in cash to buy goods). According to the World Bank , that represents a total of 100 million individuals.

Mobile 234

Mobile Payments Course Data 234

PYMNTS

JANUARY 23, 2020

Africa’s richest woman, Isabel dos Santos, is facing money laundering and mismanagement charges, while a banker implicated in the case – Nuno Ribeiro da Cunha, 45 – was found dead in his Lisbon apartment, according to multiple media reports on Thursday (Jan. billion fortune. dos Santos had a 42.5 The investigation was launched in 2018.

National 131

National New York Conference Resources 131

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Even George Bailey would have given you the thumbs up. “I learned a long time ago that reality was much weirder than anyone’s imagination.” ” – Hunter Thompson. Well, HST and Big Bird had it right. Everything.

Idaho 181

Idaho Community Industry Strategy 181

Independent Banker

FEBRUARY 28, 2023

It happens every time they open a checking account, apply for a mortgage, make a direct deposit, log into a bank’s website or chat with a banker, and more. Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. We can take that data and we can reach that person online,” Catalano says. “If

Community Bank 129

Community Bank Community Marketing Data 129

Gonzobanker

JANUARY 12, 2023

Anyway, I want to really sexy-up the investor deck this time and even use some of this stuff in our annual report. Anyway, I want to really sexy-up the investor deck this time and even use some of this stuff in our annual report. So, Tony my man, I need you to help me make our presentation look really edgy… you know, up-to-date.

Training 78

Training Strategy Meeting Marketing 78

Gonzobanker

JULY 19, 2017

While new core system vendors bring more modern architecture and user interfaces to the table, bankers need to do their homework before signing on with these players. I guarantee one fire drill bankers will have to endure this year is the industry buzz about new core systems emerging. We all know what happens at conferences.

System 70

System Conference Technology Software 70

PYMNTS

AUGUST 7, 2018

But there can be a sea change afoot that can mix things up a bit. As noted in American Banker , the deal count came to 371 deals for the first half of the year, with a few triple-digit investment rounds. Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S.,

Fintech 101

Fintech National Course Capital 101

PYMNTS

APRIL 17, 2020

The Paycheck Protection Program (PPP) is a $350 billion segment of a $2 trillion federal stimulus package signed into law under the CARES Act earlier this month. On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic.

Community Bank 149

Community Bank Community Maine Georgia 149

Jeff For Banks

AUGUST 2, 2021

In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. It was so awesome I asked if I can reprint here. million in loans.

Community Bank 78

Community Bank Community Minnesota Metro 78

Jeff For Banks

MARCH 31, 2018

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. According to the Investment Company Institute , money market funds stood at $2.8 But they have over 76,000 customers that signed up already. Bye-bye municipal deposits. I got news for you John.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

PYMNTS

OCTOBER 6, 2017

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” The company, based in the U.K., Helping employees access financing, the company said, could lead to more effective employees at the workplace.

Lending 152

Lending Capital Marketing Report 152