PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

OCTOBER 4, 2016

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. The company doesn’t operate the secondary market itself but outsources to FOLIOfn, which is operated and maintained by FOLIOfn Investments, which is a registered broker dealer.

Marketing 170

Marketing Lending Operations Financial Technology 170

PYMNTS

NOVEMBER 21, 2016

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. Researchers agreed that this shows a continually high level of interest in the financial technology and innovation space among investors, despite the overall drop in VC funding.

Strategy 100

Strategy Lending Capital America 100

Gonzobanker

DECEMBER 19, 2022

As expected, these rate hikes stopped the mortgage industry in its tracks. Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought.

Community 216

Community Fintech Industry Innovation 216

Insights on Business

FEBRUARY 19, 2016

This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. This phenomenon is also being referred as an “ Uber moment ” in the banking industry.

Fintech 132

Fintech Video Lending Industry 132

PYMNTS

APRIL 7, 2020

It’s all hands on deck as companies across industries take measures to aid the national and global response to the coronavirus pandemic. That cash flow visibility remains critical to companies of all sizes and industries, although Eberle noted that the pain is felt more acutely among some firms than others. ”

Fintech 166

Fintech Technology Operations Company 166

Fintech Labs Insights

AUGUST 30, 2016

Aspire was created in 2015 with a vision of re-imagining the technology infrastructure in the alternative and asset-backed lending markets. Lecker has over 25 years in the ABL industry in a variety of IT, finance, and operations roles. Register today. Aspire will demo the Aspire Gateway platform. Why it’s great.

Financial Technology 16

Financial Technology Technology Analytics Leadership 16

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. According to internal Cornerstone research, banks pursuing Baas hadan 80% median increase in NIE compared to an industry median of just 18%.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Highlighted in the blog are the prominent benefits of blockchain technology, trust and security.

Fintech 129

Fintech blockchain Fraud United States 129

Gonzobanker

DECEMBER 14, 2023

Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80 Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80

Fintech 195

Fintech Community Regional Technology 195

Independent Banker

OCTOBER 31, 2022

In addition, AI enabled Sunwest to pursue its specialty of solar lending. Stearns is still researching the expansion of AI operational functions, Bidinger says. It’s no secret that the banking industry is one of many affected by the current staffing crisis, which has encouraged many banks to look for technology solutions.

Community Bank 91

Community Bank Community Customer Experience Data 91

Insights on Business

FEBRUARY 19, 2016

This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. This phenomenon is also being referred as an “ Uber moment ” in the banking industry.

Fintech 93

Fintech Video Lending Industry 93

PYMNTS

JANUARY 20, 2020

In the event that there was significant ongoing demand by households for CBDC, the implication would be … a fall in commercial bank deposits, and a reduction in the availability of funds for lending to households and businesses.”. Consider the fact that, as the paper noted, there seems to be uncertainty about demand for a CBDC.

Retail 219

Retail Payments Bitcoin Policies 219

Insights on Business

FEBRUARY 19, 2016

This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. This phenomenon is also being referred as an “ Uber moment ” in the banking industry.

Fintech 70

Fintech Video Lending Industry 70

Insights on Business

FEBRUARY 19, 2016

This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. This phenomenon is also being referred as an “ Uber moment ” in the banking industry.

Fintech 70

Fintech Innovation Lending Video 70

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. We will vigorously investigate wrongful conduct in this industry.”.

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

AUGUST 8, 2019

The results showed that Upstart’s model using alternative data and machine learning approved 27% more applications than a traditional lending model and yielded 16% lower average APRs. The CFPB, in its July 2019 fair lending report, discussed supervisory reviews of alternative credit scoring models.

Data 60

Data Lending Compliance Policies 60

PYMNTS

MAY 28, 2019

million buyers who operate in industries such as website development, logo design and blog writing. Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

AUGUST 4, 2017

In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. However, if recent developments in the financial services industry are any indication, innovation waits for no institution, company, agency or, for that matter, Fed report.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

JANUARY 20, 2020

In the event that there was significant ongoing demand by households for CBDC, the implication would be … a fall in commercial bank deposits, and a reduction in the availability of funds for lending to households and businesses.”. Consider the fact that, as the paper noted, there seems to be uncertainty about demand for a CBDC.

Retail 100

Retail Payments Bitcoin Policies 100

PYMNTS

AUGUST 27, 2019

Ventura County Credit Union will purchase LA Financial Credit Union, giving the combined CU 120,000 members and $1.3 LA Financial is expected to keep its original name but operate as a division of Ventura County CU. billion in assets. For more on these and other credit union news items, download this month’s Tracker.

Data 122

Data Report Los Angeles California 122

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. There are now more than 8,000 financial technology companies in the United States with the potential to shake up traditional financial institutions. Everything.

Innovation 60

Innovation Fintech social media Knowledge Base 60

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. He said China’s traditional financial systems need further improvement in regulatory oversight for peer lending and investment product suitability as well as managing personal data with regard to KYC (know your client). Blockchain.

System 28

System Fintech blockchain Innovation 28

Jessica Ellerm

NOVEMBER 26, 2015

And while financial technology is still a nascent industry, no doubt this sector will be subject to a little more of our Kiwi ingenuity over the coming few years. Harmoney – peer to peer consumer lending. When it comes to p2p lending, New Zealand’s Harmoney leads the APAC region. I kid you not.

Company 45

Company Fintech Lending Bitcoin 45

William Mills

MAY 11, 2016

Under the scenario the consumer can transfer much-needed cash as well get cash (that was earned, not paid yet) so no payday or online lending debt is added. Peer lending meets machine learning, with LendingRobot. The algorithm automates the process of identifying, and investing in, the best peer-to-peer lending opportunities.

Video 40

Video Lending social media Analytics 40

William Mills

SEPTEMBER 12, 2017

I checked out their web site and they are promoting their IOS/Google Play mobile apps (no surprise) and I found this: This website is operated and maintained by Collective Returns, Inc. An industry leader in lending and benchmarking solutions for financial institutions. Frictionless digital lending is possible.

Samsung 69

Samsung Mobile User Experience Google 69

PYMNTS

OCTOBER 18, 2019

million for its technology that connects companies in the grocery, convenience, health food and artisanal market industry with a B2B eCommerce platform. Mable operates a portal for retailers to procure goods from a range of suppliers and wholesalers — to support product discovering, ordering, inventory management and financing options.

Analytics 101

Analytics Capital Fintech Technology 101

Lex Sokolin

AUGUST 25, 2020

If we are all on our phones, then we will have banking and lending on our phones. We can similarly look at the decline in authority of the financial industry itself. At the core, it is a giant open capital markets margin desk, which clears the demand for borrowing and lending various assets to buy or to sell.

Community 52

Community Fintech US cryptocurrency 52

PYMNTS

MARCH 23, 2017

The European Commission is hoping to consult with the public concerning the growing market of financial technology as the agency looks to manage policies in the sector. Last year, the commission setup its financial technology task force in response to the effects of digital innovations changing the banking industry.

Fintech 187

Fintech Policies Innovation Financial Technology 187

William Mills

MAY 11, 2016

Diana Chin (HR & Operations). Industry leader Fiserv is tackling the issue account opening for Millennials. Propelling mortgage industry. BLEND stands for better lending. Moving the industry to forms to data is what we do very well.” Peer lending meets machine learning, with LendingRobot. That’s new.

Video 40

Video Mobile social media Analytics 40

Independent Banker

OCTOBER 29, 2014

Meanwhile, a number of other financial technology firms received major funding and rolled out new alliances and products. Apple’s splashy introduction of its mobile payments application Apply Pay only added to what was already a vigorous industry discussion about the transformative future of mobile banking.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

NOVEMBER 29, 2016

The Problem With PayDay Lending . There is neither a shortage of controversial topics in financial services or financial technology nor a shortage of subjects that tend to polarize people. Time to recognize the importance of lending for consumers and small businesses and for making the economy go ‘round and ‘round.

Lending 100

Lending Regulation Groups Innovation 100

William Mills

SEPTEMBER 7, 2016

operation of Russian-based company. Some of the best voice and handwriting recognition technology has come from sciences from Russian; some still there, others that have relocated to Israel and other countries. This is kind of interesting: Wells Fargo mobile biometric authentication application wins banking industry award.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

AUGUST 3, 2018

While alternative lending scored the most funding, payroll landed the largest single investment round of the week. Five Star Business Finance, which has been in operation for more than three decades, but only pivoted to SMB finance in 2005, is targeting small retailers like food vendors and self-employed professionals with its services.

Fintech 104

Fintech Capital blockchain Security 104

William Mills

MAY 9, 2018

A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm. Presenter Profile: How they describe themselves: AI Foundry uses AI and user-guided machine learning to transform enterprise operations by integrating information, people and processes.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

JUNE 27, 2019

That has been the experience at CO-OP Financial Services , President and CEO Todd Clark told Karen Webster in a recent conversation. The state of the industry today, Clark told Webster, is that only about 21 percent of CUs believe they are their members’ primary financial accounts, serving as their general go-to for all financial services.

Payments 100

Payments ATM Lending United States 100