Gonzobanker

DECEMBER 4, 2019

Recent acquisitions illustrate how data is driving fintech valuations. Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. Lending is a great area of a bank for analytics to grow from naturally. nCino recently announced. Meridianlink.

Analytics 91

Analytics Lending Fintech Leadership 91

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements. He advised banks to closely monitor risk and compliance in these partnerships.

Fintech 146

Fintech Risk Management Conference Lending 146

The Paypers

FEBRUARY 17, 2022

LexisNexis Risk Solutions has released its latest SMB Lending Fraud Study, which reveals that this type of fraud increased 6.9% in the US since 2020.

Study 60

Study Fraud Lending Fintech 60

Bank Innovation

JUNE 27, 2017

The opportunity ship has sailed for personal finance management, lending, or robo advisory sectors of fintech, according to Rebecca Lynn, co-founder of venture capital firm Canvas. So where are investors looking for new opportunities?

Fintech 191

Fintech Lending Compliance blockchain 191

PYMNTS

MAY 12, 2020

The process was chaotic for the lenders, too, creating greater potential for fraud amid an unprecedented SMB stimulus effort. As regulators issue warnings to the lending community about the potential for such fraud, banks and FinTechs are on high alert. Only days ago, the first case confirmed these expectations.

Fraud 154

Fraud Regulation Lending Capital 154

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. Fintech is no different. Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 Banks and fintechs are in a heated mashup and seeking niches. Fifth Third Bank is acquiring healthcare fintech Provide.

Fintech 197

Fintech Lending Community Payments 197

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

AUGUST 21, 2020

Robinhood’s $200 million fundraise this week may be the talk of the FinTech town, but B2B FinTechs saw their fair share of fresh investments, too. six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. In the U.K.,

Fintech 154

Fintech Austin Capital Fraud 154

PYMNTS

AUGUST 14, 2020

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. Birnbaum noted that many FinTechs benefited from facilitating the U.S.

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Fintech Apple California Google 300

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market. Credit Unions In Growth Mode.

Lending 129

Lending Analytics Data Security 129

American Banker

MAY 14, 2024

The small business lender's bankrupt shell has agreed to pay up to $120 million in connection with allegations that its verification processes for Paycheck Protection Program loan applications were faulty. The government argued that Kabbage reaped larger fees by enabling fraudulently inflated loans.

Fraud 78

Fraud Fintech Digital Banking Lending 78

American Banker

AUGUST 3, 2023

Supporters of the bill argue that widening the program could invite more fraud. Critics complain a bill sponsored by the leaders of the Senate Small Business Committee would reinstate a moratorium on participation in the SBA's flagship 7(a) program by nondepository lenders.

Lending 69

Lending Fraud Fintech Policies 69

PYMNTS

MAY 25, 2020

Marred by regulatory confusion , claims of unfair lending and borrowing, and the U.S. Department of Justice’s first case of alleged PPP fraud, small businesses quickly came to realize that government relief will not be the silver bullet they need to survive the market downturn. FinTech Eases The Business Model Shift.

Maine 151

Maine Fintech Fraud Marketing 151

PYMNTS

AUGUST 28, 2019

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

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Fintech Analysis Guidelines Data 172

PYMNTS

NOVEMBER 5, 2019

Instant Payment Challenges In Online Lending. Borrowers face two key stages in the lending process: getting approval for their loans and receiving the funds. Many legacy banks are tackling this issue by partnering with nimbler FinTech firms. The Digital Lending Approach And Real-Time Payments.

Lending 102

Lending Payments Security Fintech 102

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. based B2B software-as-a-service and data solutions provider focusing on supporting corporates’ compliance and anti-fraud efforts.

Fintech 188

Fintech Capital Security Fraud 188

Bank Innovation

DECEMBER 10, 2016

Consolidation, and Winners Emerging Brew Johnson and Brett Crosby, Cofounders, PeerStreet Brew: “I think the biggest trends will be consolidation in the marketplace lending and crowdfunding space, and increased partnerships/collaboration between banks and fintech companies.”

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Fintech Lending Trends Company 239

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. The FinTech as a Service launched Tuesday (Dec. PayPal has introduced QR code payments in iZettle’s point-of-sale app in the U.K. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The environment for P2P lending has recently come under scrutiny.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

OCTOBER 2, 2018

Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. This is the bank’s product backed up by our brand.

Lending 134

Lending Alabama Online System 134

PYMNTS

SEPTEMBER 7, 2018

But with the power of faster payments comes the potential for faster fraud. 24/7: The mindset of FinTechs that seek to offer services, payments and lending across borders and time zones without interruption. Which means keeping pace isn’t just about speeding up the payments, but also about staying ahead of the fraudster.

Fraud 104

Fraud Data Payments blockchain 104

PYMNTS

DECEMBER 12, 2019

Cross-border payments, alternative lending and FinTech are thriving in new ways – and for new players. 8.5B: Amount of P2P lending in U.K. 133 percent: Average monthly mobile fraud increase for eCommerce since 2017. . 8.5B: Amount of P2P lending in U.K. over the last 12 months. over the last 12 months.

Payments 131

Payments Lending California Fraud 131

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. Some even say that blockchain will be the most influential FinTech technology of 2018.

Fintech 129

Fintech blockchain Fraud United States 129

PYMNTS

JUNE 7, 2016

Lenddo , a FinTech startup specializing in credit scoring, is looking to combat cash-on-delivery (COD) fraud with the help of eCommerce companies. We are looking to help eCommerce companies in India conquer COD frauds by offering our scoring, as well as online verification solutions,” Agnihotri said. “We

Fraud 100

Fraud Online Lending Cards 100

PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Enfuce Tackles Fraud In Open Banking. Fifth Third Bank Taps FinTech For SMB Lending. As part of the U.K.’s

Fintech 192

Fintech Fraud Data Lending 192

American Banker

NOVEMBER 11, 2020

Scammers may have had more success at duping fintechs than banks in obtaining Paycheck Protection Program loans. But there are reasons for this apparent disparity.

Fintech 81

Fintech Fraud Banking 2020 Digital Banking 81

Bank Innovation

DECEMBER 11, 2017

EXCLUSIVE- Blockchain technology and digital loans will continue to grow in 2018 as banks continue to work on their cybersecurity in the coming year, software provider Mitek predicts. It’s just logical that given the extent of recent data breaches, that we’re going to see more of the same. It will continue to accelerate” Sarah Clark, […].

blockchain 314

blockchain Fraud Software Fintech 314

Independent Banker

DECEMBER 1, 2021

Over the next 3-5 years, 82% of financial institutions expect to increase their partnerships with FinTechs, with an average return on investment of 20%. Benefits of FinTech partnerships. How to choose the right FinTech partner. These characteristics are key when vetting potential FinTech partners.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

FEBRUARY 10, 2017

Alternative Lending. million , India’s Zen Lefin, better known as Capital Float, will expand its abilities to lend to SMEs. Capital Float will use the funding to lend to its existing and new SME clients. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said.

Fintech 100

Fintech Capital Lending Data 100

Bank Innovation

FEBRUARY 1, 2019

Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. The 25% plunge -- the worst since July 2008 -- capped a tumultuous three days that shaved about €7.2 billion ($8.3 […].

Fraud 150

Fraud Report Payments Company 150

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Marketplace lending. Marketplace Lending.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

SEPTEMBER 6, 2018

For FinTech firms, doing the chasing all on their own is a losing proposition. SaaS, the distribution model where providers offer a central location for their customers, can offer FinTech firms a way out of inefficient processes, say some supporters. FinTech firms can browse and research what they need and pick it up on the fly.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2 customer impact.

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Fintech FDIC Capital Community Bank 109

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

FEBRUARY 18, 2020

The company provides customers with trust system and identity solutions to aid in the areas of eCommerce and lending, particularly in terms of credibility. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5

Regional 171

Regional Lending Fraud Maine 171

American Banker

SEPTEMBER 25, 2023

Georgia United Credit Union is collaborating with the income-verification fintech Argyle to combat submissions of false documents and other crimes.

Georgia 85

Georgia Fraud Fintech Lending 85

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 65% of U.K. 65% of U.K.

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Fintech Lending Fraud Cards 108