Compliance, Fintech, Lending and New York

New York Times Posts Blockchain Job

PYMNTS

MARCH 13, 2019

The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. The posting said the organization was looking for someone to “design a blockchain-based proof of concept for news publishers.”.

New York

New York blockchain cryptocurrency Compliance

New York vs OCC: Let’s Think of the Children

Bank Innovation

FEBRUARY 17, 2017

The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. These changes include expanding the Read More.

New York

New York Fintech Online Compliance

FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters

PYMNTS

SEPTEMBER 18, 2018

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. While In New York, New York….

Fintech

Fintech New York US National

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

MORE WEBINARS

New York Based Modern Bank’s Unique Approach in helping businesses through the Covid-19 crisis

Banking Exchange

APRIL 13, 2020

Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program Retail Banking Risk Management Compliance Fair Lending Feature3 Fintech Feature Outsourcing/Cloud.

New York

New York Risk Management Compliance Lending

Comptroller of the Currency Not Ready to Accept Fintech Charters

Bank Innovation

SEPTEMBER 14, 2017

banking regulator, the Office of the Comptroller of the Currency, is still in the “exploratory” phase with its new fintech charters. This is according to acting Comptroller Keith Noreika, who made the remarks yesterday during the FinovateFall conference in New York.

Fintech

Fintech New York Conference Regulation

FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

APRIL 25, 2017

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

Fintech

Fintech Ohio Florida Oregon

Japan’s Mizuho Launching FinTech Venture

PYMNTS

MAY 26, 2017

Mizuho Financial Group , the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. If we try to pursue business innovation within the bank, we have to ask around for permission from people in risk management, compliance and others. It takes forever,” said the executive.

Fintech

Fintech blockchain New York Risk Management

The Fintech 250: The Top Fintech Startups Of 2018

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

Fintech

Fintech Lending Capital Analytics

Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

JULY 2, 2020

Payroll card provider Global Cash Card has reportedly lost its legal battle against the New York Department of Labor, which had imposed regulations on payroll card companies in an effort to protect employees against unfair fees. ADP Eyes Payroll Card Adoption Jump. In a collaboration with U.K. ScaleFactor’s Card Offering Nixed.

Cards

Cards New York Capital Compliance

GDPR Challenges Indian Firms While FinTechs Eye Charters With Caution

PYMNTS

AUGUST 20, 2018

The survey stretched across 77 C-level executives, IT managers and others — and of that tally, 76 percent of firms are not currently in compliance with their own information governance policies. As many as 85 percent of firms are boosting budgets over the previous year’s, tied to data privacy and compliance.

Fintech

Fintech Survey Regulation Resources

Standout startups from N.Y. fintech boot camp class of '17

Payments Source

JUNE 26, 2017

Compliance, security and data analytics were the themes at this year’s New York FinTech Innovation Lab demo day.

Fintech

Fintech New York Compliance Analytics

Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

PYMNTS

JANUARY 23, 2019

.” Patrick Crosson, Swift Prepaid vice president of sales, emerging markets, added that financiers like Bitty need compliance and scalable solutions to meet their customers’ needs as they look beyond traditional lenders.

Samsung

Samsung New York Branding Apple

Operant Calls for Consortium to Improve Debt Collection

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

Operations New York Fintech Data

Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC. For an analysis of the DFS lawsuit, click here.). In her remarks and responses to questions, Ms.

Policies

Policies Lending Data Online

Nonbanks face new disclosure rules on small-business loans in N.Y.

American Banker

JULY 24, 2020

Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.

New York

New York California Capital Fintech

2021 GonzoBanker Awards

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

Fintech Strategy Leadership Lending

Takeaway from Finovate and Next Money: Ditch the Humans

American Banker

SEPTEMBER 8, 2016

Technology that improves compliance, lending and payments by automating processes and relying on AI was spotlighted at Next Money and Finovate, two fintech conferences held in New York this week.

New York

New York Conference Compliance Lending

Community Bank CEO Outlook 2022: Your priorities for the new year

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

Community Bank Community Lending Louisiana

California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

SEPTEMBER 10, 2020

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. According to the DBO’s press release, until the FACA became effective, LoanMart was making state-licensed auto title loans at rates above 100 percent.

Utah

Utah California FDIC West Virginia

MBA Tech 2017: Blockchain, APIs and Robots, Oh My!

William Mills

APRIL 20, 2017

JPMorgan Chase, Ellie Mae, USAA, and Quicken Loans were part of a panel discussion on their perspectives about fintech. mPower had a special session which featured Dr. Tracey Wilson, New York Times best-selling author. Seth Wheeler, Managing Director at JPMorgan Chase, posed the question, “Do we build or do we partner?”

blockchain

blockchain Detroit Conference Knowledge Base

FinDEVr Live: Thinking Capital on Using Software for Underwriting & Compliance

Fintech Labs Insights

OCTOBER 6, 2015

Thinking Capital is the leader in the Canadian alternative lending space, leveraging technology to be at the forefront of the fintech industry. How fintech developers can use technology to create unique competencies in finance. How to decide whether to build, outsource or customize fintech solutions.

Capital

Capital Software Compliance New York

A Regulatory Oversight?

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

San Francisco Lending New York City Online

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Labs Insights

SEPTEMBER 10, 2015

The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil), CommonBond ($35 mil), Orchard Platform ($30 million) and one financial-institution-supported blockchain startup: Chain ($35 mil). The $208 million this week brings total 2015 YTD fintech fundings to $12.4 HQ: New York City.

San Francisco

San Francisco New York City Company Fintech

Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Labs Insights

JUNE 18, 2015

Finovate alum, Azimo landed the biggest round outside the lending sector, $20 million at a $100 million valuation. All told, 12 fintech companies raised $205 million ($105 million equity, $100 million debt) this week. HQ: New York City. P2P mortgage lending. HQ: Brooklyn, New York. Year-to-date, $7.7

San Francisco

San Francisco Company Fintech Albuquerque

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

MARCH 22, 2016

It was another busy week for Finovate alums with six raising new funds: StreetShares raised $4.5 million for its P2P lending platform for small businesses. million for its compliance tools. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. P2P real estate lending marketplace.

Company

Company New York City Fintech Colorado

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

JANUARY 7, 2016

Social media financial compliance specialist Gremln raised $1.4 The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion.

St. Louis

St. Louis social media Company Fintech

FinDEVr APIntelligence

Fintech Labs Insights

AUGUST 10, 2016

Our FinDEVr New York developer showcase was a success! Avalara Adds to Compliance Document Management Solution, CertCapture. The latest from FinDEVr New York 2016 presenters. OutsideIQ Brings Due Diligence Platform DDIQ to New. Stay current on daily news from the fintech developer community!

New York

New York Compliance Lending Community

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

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

New York City Company Fintech San Francisco

Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle

PYMNTS

SEPTEMBER 22, 2017

Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. The European Union is also gearing up to promote new, continent-wide mandates that would promote FinTech growth and investments, especially post-Brexit.

US

US Apple Innovation Regulation

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

Three Finovate or FinDEVr alums, two of which presented at FinDEVr NYC last week (Betterment, Stratumn), brought in new investments: Betterment landed a massive $100 million at a $700 million valuation for its robo-advising platform. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. HQ: New York City.

New York City

New York City Company Fintech California

A Fintech Filter for AI in 2017

Fintech Labs Insights

JANUARY 11, 2017

In what The New York Times is calling The Great AI Awakening and Forbes has dubbed The Year of AI , 2017 is shaping up to be obsessively focused on artificial intelligence, a field that has been around for awhile (remember playing checkers against a computer?) Below are eight areas of fintech into which AI has made inroads.

Fintech

Fintech Compliance Examples San Francisco

Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Labs Insights

DECEMBER 14, 2015

Buoyed by 7 Startupbootcamp Insurance entrants each grabbing $17,000, a record 30 fintech companies raised money this week for a total of just under $100 million ($95.8 BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. HQ: New York City. Clip (PayClip).

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

JULY 23, 2015

While not a pure fintech play, we included it here because its primary customers are the big insurers, including the U.S. HQ: Troy, New York. CircleBack Lending. Consumer lending P2P marketplace. Risk & compliance management for financial institutions. HQ: New York City. government.

Company

Company Connecticut Fintech Austin

Director Cordray and Comptroller Curry speak at LendIt USA conference

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Kaplinsky and Scott M. ” He then discussed the CFPB’s two most recent requests for information.

Conference

Conference Policies New York City Data

Fintech Fundings: 11 Companies Raise $960 Million Week Ending May 7

Fintech Labs Insights

MAY 7, 2015

It’s another unicorn week in fintech, although “only” $750 million of the nearly $1 billion in new funding was equity. Affirm’s $275 million round was rumored to include about $200 million in debt to fund it’s alt-lending efforts. Alt-lending at the point-of-sale. HQ: New York City.

San Francisco

San Francisco New York City Company Fintech

Six Alums Earn a Spot on on CNBC’s Disruptor 50 List

Fintech Labs Insights

MAY 16, 2017

The 50 companies have an aggregate market valuation of $239 billion, and almost 20% of the list consists of fintech companies, six of which are Finovate and/or FinDEVr alums. Identity verification specialist for AML/ KYC compliance. A unique, online lending company that prides itself on social finance. Launched: 2011.

New York

New York Analysis Compliance Lending

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

JANUARY 18, 2016

Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. HQ: Brooklyn, New York. HQ: New York City. HQ: New York City. Online consumer lending. RealtyMogul took in another $18.4 Mambu attracted $8.7

Company

Company New York City Fintech San Francisco

Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

DECEMBER 30, 2015

For just the fourth time this year, weekly fintech fundings fell below the $100-million mark with 15 companies raising a total of $51 million. With just one holiday-shortened week remaining in the year, the total invested in private fintech companies YTD now stands at $18.8 HQ: New York City. HQ: New York City.

Company

Company New York City Fintech Kentucky

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). HQ: New York City. HQ: New York City. HQ: Brooklyn, New York. Tags: SMB, investors, commercial mortgage, P2P lending, credit, underwriting, real estate. Consumer alt-lender. Total raised: $1.92 billion Debt). Capital Float.

Company

Company Fintech San Francisco New York City

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

OCTOBER 19, 2015

It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. HQ: New York City. HQ: New York City. Bitcoin compliance solutions. Tags: Enterprise, lending, insurance, risk management, underwriting. The vast majority, $5.9 billion) and First Data ($2.6

New York City

New York City Company Fintech New York

Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

Fintech Labs Insights

NOVEMBER 2, 2015

In total, 23 fintech companies raised more than $121 million including Finovate alums Spreedly which brought in $2.5 HQ: New York City. HQ: New York City. HQ: New York City. Tags: Accounting, Intuit (partner), commercial lending, SMB. mil), iSignThis ($10.5 mil) and Zebit ($10 mil). Splittable.

Los Angeles

Los Angeles New York City San Francisco Company

Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Fintech Labs Insights

AUGUST 8, 2016

Through mid-July, the blistering pace of deals continued with 32 new fundings during the week ending July 15. There has been an average of 28 fintech deals per week this year. Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. HQ: New York City. Compliance Science.

Company

Company Fintech New York City blockchain

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Source: Stripe.

Online

Online Company Retail Payments

Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank

Community Bank Community National Philadelphia

New York Times Posts Blockchain Job

New York vs OCC: Let’s Think of the Children

Webinars

Trending Sources

FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters

Webinars

New York Based Modern Bank’s Unique Approach in helping businesses through the Covid-19 crisis

Comptroller of the Currency Not Ready to Accept Fintech Charters

FinTech Could Be Hurt By Fight Between OCC And States

Japan’s Mizuho Launching FinTech Venture

The Fintech 250: The Top Fintech Startups Of 2018

Payroll Cards Find Opportunity In Corporates’ Digitization Push

GDPR Challenges Indian Firms While FinTechs Eye Charters With Caution

Standout startups from N.Y. fintech boot camp class of '17

Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

Operant Calls for Consortium to Improve Debt Collection

Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

Nonbanks face new disclosure rules on small-business loans in N.Y.

2021 GonzoBanker Awards

Takeaway from Finovate and Next Money: Ditch the Humans

Community Bank CEO Outlook 2022: Your priorities for the new year

California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

MBA Tech 2017: Blockchain, APIs and Robots, Oh My!

FinDEVr Live: Thinking Capital on Using Software for Underwriting & Compliance

A Regulatory Oversight?

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

FinDEVr APIntelligence

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

A Fintech Filter for AI in 2017

Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Director Cordray and Comptroller Curry speak at LendIt USA conference

Fintech Fundings: 11 Companies Raise $960 Million Week Ending May 7

Six Alums Earn a Spot on on CNBC’s Disruptor 50 List

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

Who were ICBA’s Top Lenders of 2022?

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