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

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

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

SEPTEMBER 8, 2017

Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. China’s first online-only insurance company hopes that the IPO will raise as much as $1.5

Company 231

Company Regulation Online social media 231

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

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

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

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

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. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

JANUARY 11, 2019

Bukalapak, an online marketplace company from Indonesia, will soon announce a new round of funding, according to reports. Bukalapak’s biggest shareholder is Indonesian media company Emtek, which had a 36.86 percent stake in the company in September of 2018. Naver Corp.

Company 139

Company Maine Lending Software 139

Bank Innovation

MAY 13, 2016

The firing of Renaud Laplanche at Lending Club has not stemmed the stock’s decline, and some market observers are starting to say that the online marketplace company might go into a financial “death spiral.” ” The issue was and is trust. Apparently, the errant sale of loans to Jefferies & Co.

Lending 150

Lending Online Marketing Company 150

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

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

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

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Late last week, the U.S.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

SEPTEMBER 2, 2020

From flexible repayment plans for cash flow management to sustainability programs that offset carbon emissions from fleet vehicles, the commercial card is versatile in this week's innovation roundup. The solution is the result of a collaboration with Visa, the company noted. FLEETCOR Wields Cards For Supply Chain Sustainability.

Cards 150

Cards Innovation Management Tools 150

Perficient

JANUARY 12, 2021

Smaller financial institutions will have to be more innovative and rely on third parties and as-a-service based solutions to specifically address the needs of the niche market they are servicing. Small Business Innovation. In these times of economic crises and lending restrictions, FinTech will disrupt and fill the gap.

Trends 332

Trends Fintech Customer Experience Innovation 332

PYMNTS

MAY 14, 2018

Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release , Citizens Financial said the digital platform will offer FDIC-insured deposits products aimed at serving people who want to save and want the flexibility of an online banking service.

Online 101

Online FDIC Lending Analytics 101

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

Bank Innovation

MAY 9, 2016

Investors were looking to today’s Lending Club Corp. earnings as a sign of validation for the troubled marketplace lending sector. The company said Renaud Laplanche has resigned as chief executive and chairman after an internal review found sales of $22 million in near-prime loans to a Read More.

Lending 150

Lending Company Capital Online 150

PYMNTS

OCTOBER 31, 2019

Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient online services. FIs of all sizes and enthusiasm levels have steadily moved forward with AI and machine learning integrations into behind-the-scenes lending, as well as consumer-facing apps.

Innovation 101

Innovation Survey Lending Technology 101

Perficient

JANUARY 12, 2021

Consumers are looking for online buying processes that are easy and can provide opportunities to search, learn, and purchase products without and roadblocks, especially during COVID-19. Take MTailor , a company that created a mobile app experience to be your digital tailor. So, is this the year of AR breakthrough?

Customer Experience 538

Customer Experience Branding Video Online 538

Bank Innovation

OCTOBER 24, 2018

If there’s one area that fintech companies are giving banks tough competition in the U.S. market, it’s the lending space.

Lending 186

Lending Fintech Marketing Company 186

Bank Innovation

DECEMBER 6, 2016

Fiserv, a leading banking technology company, has signed on as the headline Diamond sponsor of Bank Innovation 2017. Bank Innovation 2017 is this blog’s annual gathering on ideas and opportunities in fintech.

Innovation 150

Innovation Fintech Technology Company 150

Bank Innovation

JANUARY 3, 2018

The founder of online lender, SoFi, who was ousted by his board just a few months ago amid sexual harassment allegations, is already working starting a new company. According to reports, Mike Cagney is looking to start another fintech firm with his wife, June Ou, for which he is looking to raise about $25 million. […].

Fintech 236

Fintech Company Online Report 236

PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.”

Lending 100

Lending Capital Compliance Operations 100

Bank Innovation

DECEMBER 13, 2017

Student lending company Climb Credit is taking on this challenge by offering loans that do […]. EXCLUSIVE – Nearly a third of Americans have low FICO scores, and this can mean difficulties in securing loans to pay for higher education.

Lending 150

Lending Security Company Capital 150

PYMNTS

FEBRUARY 9, 2017

Small business finance is one of the most competitive, innovative and challenging markets in which to operate. For invoice financing company Fundbox , the best way to navigate in a field like this is to stay focused on the task at hand. “We But the last 12 months also saw new developments for the company. Market Progress.

Innovation 100

Innovation Fintech Regulation Lending 100

Bank Innovation

FEBRUARY 12, 2019

Ingo Money, he told Bank Innovation, is an instant money company providing mostly B2B and B2C services, usually through […].

Innovation 170

Innovation Payments Company Operations 170

Bank Innovation

FEBRUARY 24, 2016

After a difficult deliberation, 10 early-stage fintech companies were selected by a team of judges to compete in this year’s DEMOvation Challenge, to take place in Seattle on March 1.

Innovation 150

Innovation Seattle Fintech Company 150

Bank Innovation

JANUARY 23, 2018

EXCLUSIVE – The two fundamental keys to most challenges retail banks and payment companies face on the innovation front are personalization and efficiency, according to Alberto Corvo, a founding partner at fintech focused investment firm Motive Partners.

Innovation 186

Innovation Retail Fintech Payments 186

Perficient

AUGUST 26, 2020

Businesses must adapt to other digital methods to differentiate from the competition and successfully make sales online. Salespeople must now switch their traditional selling methods to digital and help their customers through an online buying journey. Turn Salespeople Digital. Personalize the Customer Experience.

How To 420

How To Customer Experience Online Analytics 420

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. The company has estimated that the impact of its system meltdown during bad weather will cost it as much as $825 million. But experts say that would be a mistake.

Technology 195

Technology Lending Community Software 195

Perficient

JULY 11, 2022

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. What Are Some Buy Now, Pay Later Companies? So, if there’s usually no interest being charged for BNPL purchases, how do these companies make any money?

Fintech 474

Fintech Trends South Dakota Apple 474

Bank Innovation

MAY 4, 2016

A deep read of OnDeck Capital‘s earnings report yesterday reveals this truth: the company is moving away from marketplace lending.

Lending 150

Lending Capital Report Company 150