PYMNTS

OCTOBER 16, 2018

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform. Q3 revenue for the investment bank hit $8.65

Lending 147

Lending Digital Banking Retail Branding 147

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. The Open Banking Trajectory.

Lending 152

Lending Community Bank US Community 152

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

Bank Innovation

OCTOBER 8, 2018

Not even a month has passed since Julie Demarigny, a veteran in digital entertainment industry having served Warner Bros. and Sony Music, has joined West Coast focused Union Bank as its head of digital banking.

Digital Banking 186

Digital Banking Innovation Digital Strategies Strategy 186

Bobsguide

AUGUST 7, 2022

Cloud migration digitalizes the bank’s processes, enhances integrated ecosystems and enables new opportunity for growth in the UK. Moving from an on-premises model to a cloud-based managed service is a big part of our operational strategy for treasury activity,” said Gary McDermott, Treasurer at The Co-operative Bank.

Operations 68

Operations Strategy Innovation Policies 68

PYMNTS

JANUARY 19, 2021

Portugal’s largest bank, Caixa Geral de Depósitos (CGD), is working with Backbase to implement the FinTech’s engagement solution, according to an announcement. The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs.

Fintech 341

Fintech National Groups Tools 341

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

Lending 126

Lending Community Bank Community Data 126

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. B2B startup D3 Banking provides financial institutions and non-banks with technology to strengthen their digital banking strategies for their own individual and corporate customers.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

FEBRUARY 12, 2018

9) noting iGTB will lend its cash management platform, CBX 18, to Pivotal clients via its Pivotal Cloud Foundry cloud platforms. The companies made an announcement Friday (Feb. iGTB described its CBX 18 solution as one that provides “contextual” corporate financial services.

Lending 158

Lending Analytics Software Customer Experience 158

PYMNTS

DECEMBER 17, 2020

Kakao Bank Corp. , a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The bank's most current valuation is estimated to be around 10 trillion won ($9.1

Samsung 243

Samsung Digital Banking Security Fintech 243

PYMNTS

JULY 27, 2016

The latest victim is Virgin Money , which revealed this week that it won’t be moving forward with plans to begin lending to small and medium-sized businesses — for now. Gadhia announced Virgin’s decision to hold off on SME lending after the company released its 2016 H1 figures.

Lending 100

Lending Digital Banking Report Marketing 100

PYMNTS

JANUARY 7, 2021

The letter says that in the future, those accounts will solely be operated under BBVA, but customers will be able to access their money normally until then. And, the company says it wants to make the transition "as smooth as possible" for customers.

FDIC 336

FDIC Google User Experience Lending 336

PYMNTS

JULY 30, 2019

One of the three licenses was granted to Rakuten International Commercial Bank, which is operated by Japanese eCommerce firm Rakuten Inc and Taiwan’s IBF Financial Holdings. A license was also granted to LINE Financial Taiwan, led by Japanese app operator LINE Group.

Trends 173

Trends Digital Banking Innovation Online 173

PYMNTS

JUNE 3, 2019

Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not only larger companies but smaller ones as well, according to a report by the Financial Times. to thrive,” said Paolo Levoni, eBay chief operating officer. by the end of the year.

Lending 166

Lending Operations Digital Banking Regulation 166

PYMNTS

MARCH 20, 2020

However, the applicants will have to allow Cainiao to provide things like inventory information and operational status to HSBC for analysis. “We HSBC is the first local lender to launch such a partnership with a technology company, to use big data to approve trade finance lending. Eight virtual banks are starting operations this year.

Big Data 203

Big Data Lending Regional Operations 203

PYMNTS

AUGUST 29, 2019

The twist is, that gap in small business banking innovation led external FinTechs to step in and today, small business banking is a highly competitive, and highly innovative, area of financial services. Bank-FinTech collaboration has been on the rise in the U.S., banking operations. Collaboration Vs. Competition.

Fintech 173

Fintech Innovation Lending Digital Banking 173

PYMNTS

DECEMBER 1, 2020

In today’s top news in digital-first banking, European Central Bank (ECB) President Christine Lagarde cautioned that stablecoins could be a risk to monetary sovereignty, while Velo Labs is working with Visa and Lightnet on lending in Asia. Velo Labs Teams With Visa, Lightnet on MSME Lending in Asia.

Lending 140

Lending Digital Banking Policies System 140

PYMNTS

JANUARY 2, 2020

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. . Google and Temasek Holdings. .

Digital Banking 130

Digital Banking Capital Google Cards 130

Abrigo

AUGUST 26, 2019

“Client Focus in Your Financial Institution” will feature community bank executives discussing how their institutions are working to drive the client experience and address these technology challenges. Stay Up-to-Date On Lending Best Practices. Learn More. The 2018 J.D. Credit Risk. How Financial Institutions Focus on Customers Is Key.

Conference 150

Conference Lending Oklahoma Alabama 150

CFPB Monitor

SEPTEMBER 6, 2022

Kristen’s practice involves consumer, small business, and treasury management products and services; digital banking; emerging payments; servicing; innovative technology; information security; operations; marketing; and complex service contracts.

Groups 78

Groups Minneapolis National Lending 78

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

United States Leadership Risk Management California 140

PYMNTS

MARCH 24, 2020

In 2019, Hong Kong issued about eight digital banking licenses to companies like Ant Financial, and a team-up of Tencent and Standard Chartered. The digital banking licenses were awarded last year in March and April, and at the time the Hong Kong Monetary Authority said they’d be up and running in about six to nine months.

Online 135

Online Digital Banking Lending System 135

PYMNTS

DECEMBER 7, 2020

You’d be forgiven for thinking that, in banking, the deal is dead. NCR Digital Banking Senior Vice President and General Manager Doug Brown told Karen Webster there will be an acceleration of deal making on the other side of the pandemic, particularly as financial institutions (FIs) recalibrate and expand their digital efforts.

Google 282

Google Examples Regional Lending 282

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Read the full customer development post 4.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

PYMNTS

OCTOBER 12, 2020

Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

PYMNTS

FEBRUARY 26, 2020

After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it will return £50 million from the RBS bailout fund, according to a report. Three banks – Metro, Starling and ClearBank – were collectively given £280 million from the RBS bailout fund last year.

Metro 154

Metro Lending Strategy Taxes 154

PYMNTS

JUNE 26, 2020

Financial institutions (FIs) worked quickly to ensure they could operate smoothly as the pandemic kept consumers at home and closed brick-and-mortar branches in Europe, the United Kingdom and the United States. Why the Pandemic Is Pushing Legacy F Is’ Cloud Migrations Forward. About the Tracker.

Meeting 227

Meeting Mobile Digital Banking Tools 227

Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Bancorp Bank (Simple/PayPal et al) 1,495,558 4,499,959 3,004,401. billion in 2010. What’s Next?

Digital Banking 60

Digital Banking Industry Capital Strategy 60

PYMNTS

JANUARY 21, 2021

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

JUNE 30, 2020

challenger bank Allica Bank has launched using Profile Software ‘s banking programs in order to ensure small- to medium-sized business (SMB) customers a way to manage their banking and risk operations, according to a press release. Allica Bank will use Profile’s FMS.next as its core banking platform.

Software 151

Software Community Bank Resources Digital Banking 151

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

Fintech 210

Fintech New York Capital Lending 210

The Paypers

MAY 15, 2020

nCino , a US-based cloud banking provider, and Sweden-based SME lender, Yourban , have agreed to support SME lending processes through the nCino Bank Operating System.

Digital Banking 31

Digital Banking Lending US System 31

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consumer banking, overall, contributed $217 million in the September quarter, slightly above the $216 million reported in the June 2019 quarter.

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consumer banking, overall, contributed $217 million in the September quarter, slightly above the $216 million reported in the June 2019 quarter.

Apple 132

Apple Lending Cards Report 132

PYMNTS

OCTOBER 14, 2020

The firm also reported an uptick in digital-banking activity during the quarter, with 32 million active digital customers (online and mobile), including 25.9 We expect that these actions will also improve our operational and financial performance.”. Others are operating in a less constrained way.”. billion. “We

Cards 206

Cards Operations Report Mobile 206

PYMNTS

JANUARY 18, 2021

Grab Financial Group offers payments and financial services including lending, insurance and retail wealth management throughout Southeast Asia. The business operates in several Asian countries, including Singapore, the Philippines, Cambodia, Thailand, Vietnam, Myanmar, Malaysia and Indonesia, according to its website.

Fintech 198

Fintech US Groups Management 198

PYMNTS

MARCH 6, 2020

Rather than approaching digitization as a ground-up overhaul of an entire institution’s infrastructure and operations, community banks should identify a “niche,” or an area in which they have been most successful as a business, to initiate a modernization project. Signs Of Open Banking. The Right Foot.

Community Bank 173

Community Bank Community How To Lending 173