PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. 22) a strategic investment from PayPal.

Lending 193

Lending Company Marketing Regional 193

Bank Innovation

FEBRUARY 27, 2020

An update to Square’s credit risk model for its Square Capital commercial lending product — first disclosed yesterday — was “a key driver of Capital’s outperformance in the fourth quarter,” the company said. The advancement of Capital is key for Square as it continues to grow the fast-growing — and lucrative — lending product.

Lending 284

Lending Capital Company Innovation Strategies 284

PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. While P2P platforms were touted as an innovative way to match savers with small borrowers, the marketplace has had troubles globally.

Lending 315

Lending Regulation Industry Fraud 315

Bank Innovation

AUGUST 8, 2017

Better originations, better sales, more revenue: wow, did Lending Club just report a positive quarter? The company recorded about $140 million in total net revenue for the quarter, representing “the second highest revenue […].

Lending 318

Lending Report Company Online 318

PYMNTS

SEPTEMBER 23, 2020

The FinTech Sezzle has struck up a partnership with Ally Lendin g, a digital financial services company. Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release.

Lending 198

Lending Minneapolis Strategy Innovation 198

Bank Innovation

JANUARY 23, 2020

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. The competing companies are listed below.

Innovation 221

Innovation Seattle Fraud Technology 221

Bank Innovation

MARCH 19, 2019

Alternative underwriting software provider ZestFinance today launched an AI-based tool it claims will dramatically reduce bias in lending.

Tools 210

Tools Lending Google Software 210

PYMNTS

JANUARY 17, 2021

This will mark Figure’s fifth online financing facility, in which the company has closed almost $1.5 With the facility, Figure will work on fueling mortgage lending growth, which shot up nearly 50 percent month over month in the fourth quarter. billion, in partnership with numerous banks and facilities, including Jefferies.

Lending 199

Lending blockchain National Payments 199

Bank Innovation

NOVEMBER 29, 2018

will speak at Bank Innovation Ignite in Seattle in March 2019 on Building the Future of Banking. Building banks of the future is something O’Malley, a self-proclaimed “data nerd” whose company makes a real-time business lending and growth automation platform for banks, knows quite well. His platform […].

Innovation 170

Innovation Seattle Lending Data 170

Bank Innovation

DECEMBER 19, 2019

Small business lending company OnDeck is expanding its ecosystem of products. Through its application for a bank charter, the company wants to become a full-service digital bank for small businesses it says are overlooked by traditional banks.

Community 360

Community Lending Innovation Digital Banking 360

Bank Innovation

APRIL 10, 2018

EXCLUSIVE— Lending startup Upgrade is opening a new personal credit line today, designed to give customers all of the benefits of credit with none of its flaws. The product is essentially a cross between a typically credit card and a traditional personal loan, Renaud Laplanche, company CEO and c0-founder, told Bank Innovation.

Lending 186

Lending Mobile Cards Innovation 186

PYMNTS

DECEMBER 9, 2020

What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena.

Innovation 306

Innovation Fintech Payments Regulation 306

Bobsguide

APRIL 21, 2022

Finastra appoints Isabel Fernandez to accelerate lending business growth. Company welcomes Isabel to the Finastra leadership team, as EVP, Lending Business Unit. Isabel will be part of Finastra’s recently expanded leadership team as the company pivots to a ‘Business Unit’ led model. Global Head of PR. finastra.com.

Lending 109

Lending Leadership Community Software 109

PYMNTS

OCTOBER 7, 2020

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). billion, and it extends Goldman Sachs’ push into Main Street Lending. American Express, Amazon Rollout Card For UK SMBs. billion in spending annually with the deal.

Cards 248

Cards Innovation United States Branding 248

CFPB Monitor

JULY 18, 2023

The Consumer Financial Protection Bureau, the California Department of Financial Protection and Innovation (CA DFPI), and ten state Attorneys General have filed a lawsuit against Prehired, LLC (Prehired) and two related companies, Prehired Recruiting, LLC and Prehired Accelerator, LLC, alleging that the companies violated the Consumer Financial Protection (..)

CA 78

CA Company California Lending 78

PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., “Regulation around open banking has certainly been of great benefit to businesses in the U.K.,

Lending 233

Lending Data User Experience Fraud 233

PYMNTS

DECEMBER 5, 2019

Blockchain lending firm Figure Technologies announced that it has closed a $103 million series C funding round led by Morgan Creek Digital. MUFG Innovation Partners Co., The company has also recently added new hires, including C.D. The company has so far originated over $700 million in loans. and abroad.”.

Lending 130

Lending blockchain Technology Resources 130

PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. “InfraRisk is a leading FinTech innovator and Judo Bank is a challenger to traditional banks. . A press release issued on Sunday (Jan.

Lending 131

Lending Analytics Compliance Fintech 131

PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems. New tools for new FinTechs.

Innovation 191

Innovation Lending Fintech Bitcoin 191

Bank Innovation

DECEMBER 31, 2018

Bank Innovation’s five picks for companies that made noise in fintech this year may not include any banks, but it does include a company owned by a collection of them. Indeed, as far as innovation is concerned, 2018 was the year of the fintechs and nonbanks -- some friendlier to the traditional players than others. […].

Company 199

Company Fintech Innovation FDIC 199

PYMNTS

JULY 7, 2020

It also opened the door for a boom of FinTech innovation and a flood of alternative lenders targeting the small- to medium-sized business (SMB) segment. “It comes in waves, there’s no doubt about it,” he said about the alt-lending boom. ” A Banking Pullback? The More Things Change.

Lending 171

Lending Industry Fintech UX 171

Bank Innovation

JUNE 12, 2019

Lending platforms are evolving to the needs of younger customers’ financial habits, a pair of fintech executives told an audience at CB Insights’ Future of Fintech conference in New York Wednesday. Max Levchin, CEO of point-of-sale lender Affirm, said roughly 67% of his company’s customer base is Generation X and younger.

Lending 199

Lending New York Conference Fintech 199

Bank Innovation

MAY 4, 2017

The lending business appears to be treating Square well. The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital, processed more than 400,000 business loans for the quarter, for a total of $251 million. This is up 64% from last year.

Capital 239

Capital Company Lending Payments 239

PYMNTS

OCTOBER 1, 2020

In today’s top news in digital-first banking, Memo Bank is rolling out an interest-bearing account for companies, while lending marketplace October has notched roughly $303 million in funding. Lending Platform October Raises Funding for SMB Loans. Also, Goldman Sachs is looking at reducing its workforce.

Lending 150

Lending Innovation Fintech US 150

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Innovating for Community Banks. Leveling the Playing Field.

Community Bank 205

Community Bank Community Innovation Fintech 205

Gonzobanker

AUGUST 18, 2021

We’re losing ground to neobanks and other fintech companies because we haven’t digitized the delivery of our existing products and services. It’s why Stripe is the most highly valued venture-backed private company in the U.S. Therefore, our first priority for digital transformation must be digital account opening.”.

Lending 178

Lending Survey Industry Software 178

Bank Innovation

APRIL 1, 2020

Despite the current economic uncertainty resulting from COVID-19, some business-to-business payment companies are gaining traction with clients and investors alike. “Our Our solution is even more relevant today than it was four weeks ago,” said Sameer Gulati, chief operating officer of the payments company Plastiq.

Company 199

Company Payments Operations Customer Experience 199

Bank Innovation

JANUARY 22, 2019

IBM, one of the world’s largest technology companies, has agreed to sponsor Bank Innovation Ignite, which explores new ideas and technologies needed to push banking forward. Bank Innovation Ignite, March 11-12 in Seattle, offers high-level discussions and networking around the future of what’s next in banking.

Innovation 170

Innovation Seattle Fintech Technology 170

Bank Innovation

MAY 5, 2017

Lending Club might be through the woods, thanks to banks. Banks made up a “record” 40% of the lender’s almost $2 billion originations for the quarter, up from 31% last quarter, according to Lending Club CEO Scott Sanborn.

Lending 225

Lending Company Online Technology 225

PYMNTS

MARCH 7, 2019

Meanwhile, security concerns have others in the EU on the lookout for companies and services that may not be fully compliant with these new regulations, potentially leading to more privacy concerns down the line. How PSD2 is Changing Lending in the U.K. Since that point, regulators and companies in the U.S.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. It encouraged banks to develop their own digital lending solutions and collaborate with their one-time rivals to step up the borrowing experience for SMBs.

Lending 130

Lending Regulation Capital Industry 130

Bank Innovation

APRIL 13, 2018

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Plans for the […].

Lending 223

Lending Marketing Data New York 223

Bank Innovation

AUGUST 15, 2017

FICO is moving major services to the cloud, and that may mean good times ahead for lending startups.

Lending 274

Lending Company Online 274

Bank Innovation

JUNE 28, 2018

PREMIUM – Azlo will begin offering lending services to small businesses and gig economy workers this fall, the company announced last week. The fintech, which is backed by BBVA Compass, will be partnering with an undisclosed “non-traditional lending platform” to originate loans.

Lending 199

Lending Fintech Company Online 199

PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. “Lending and earning crypto are hard businesses to get right, particularly in a bear market,” he said. Companies can also place their [bitcoin (BTC)] with Cred to earn substantial interest.

Lending 139

Lending blockchain cryptocurrency Bitcoin 139

Bank Innovation

JUNE 5, 2018

But some companies have become data masters and found ways to use data not just to innovate but create change within their industry. […].

Innovation 291

Innovation Data Industry Company 291