How a Georgia credit union is combating loan fraud
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.
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PYMNTS
NOVEMBER 2, 2020
In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.
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PYMNTS
AUGUST 8, 2017
As the financial crisis unfolded in 2008, they met to discuss what they saw as the rise of FinTech and the increasing availability of financial software and data. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan.
CB Insights
NOVEMBER 6, 2019
The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.
American Banker
DECEMBER 11, 2023
Leaders at the helms of organizations like Georgia United Credit Union, BayPort Credit Union, Blend Labs and more are adapting products such as "soft check" credit scoring, artificial intelligence-powered bots to streamline application reviewal and more.
CB Insights
OCTOBER 26, 2017
Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state. FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Click on the image below to enlarge.
PYMNTS
APRIL 3, 2019
an enterprise lead management solutions provider, is aiming to tackle this in partnership with FinTech CuneXus Solutions by providing an automated lending solution that keeps the process swift while screening applicants, ensuring that loans only go to eligible candidates. Rollick Inc. ,
PYMNTS
FEBRUARY 15, 2018
Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. As was widely reported this past week, seven of them are trying to do so.
PYMNTS
JULY 6, 2020
The small- to medium-sized business (SMB) lending industry is in a unique position during the pandemic. The challenges that led FinTechs to enter this space after the 2008 financial crisis still persist, however, motivating SMBs to demand their loans from these entities be quick and digital. Of the 32 million SMBs in the U.S.,
PYMNTS
JUNE 24, 2016
Last week , Walmart Pay rolled out in Alabama and Georgia. Online lending . This is no FinTech or payments unicorn, really, but rather a communications play via app software where top line growth of roughly 88 percent is enough to have the Street looking ahead to some type of profit scenario. Slam dunk sizzle. Walmart Pay.
PYMNTS
OCTOBER 4, 2019
based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. Egypt’s MaxAB demonstrates the strengthening FinTech scene of the country, with investors placing $6.2 See all of the latest B2B fundraises below. SaaSOptics. million.
CB Insights
MARCH 13, 2019
valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). Info Assembly. California. Connecticut. Butterfly Network.
Fintech Labs Insights
SEPTEMBER 19, 2016
The fintech sector attracted $266 million in new capital the second week of August. 5 million to CUneXus to expand its consumer lending platform. . $5 5 million to CUneXus to expand its consumer lending platform. Fintech deals by size from 6 Aug to 12 August 2016: Interactions. HQ: Atlanta, Georgia. million Seed.
Fintech Labs Insights
JULY 27, 2015
A small business lending innovator, Kabbage uses data generated by business activity – rather than relying exclusively on credit scores – to provide small businesses with a range of financing options. Kabbage was founded in 2009, and is headquartered in Atlanta, Georgia. The post The Next FinTech Unicorn?
Fintech Labs Insights
JULY 31, 2015
Another monster week in fintech. Depending on how much Stripe received in its round (at a $5 billion valuation), something north of $600 million flowed to 17 fintech companies worldwide. To put that in perspective, during all of 2014 our alums raised just over $1 billion (excludes IPOs (Yodlee, OnDeck, and Lending Club).
Fintech Labs Insights
NOVEMBER 12, 2015
It was a quieter week in fintech fundings. HQ: Duluth, Georgia. Lending marketplace targeting Hispanic-owned small businesses. The post Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12 appeared first on Finovate. Tags: SMB, lending, lead gen, price comparison, commercial loans. Source: WSJ.
Fintech Labs Insights
APRIL 4, 2016
Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. HQ: Atlanta, Georgia. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Bluefin Payments received $6 million to expand its secure payment system. Stratumn grabbed $670,000 for its blockchain services. HQ: California.
Fintech Labs Insights
AUGUST 28, 2015
YTD, the fintech sector has raised $12 billion. Able Lending. HQ: Kennesaw, Georgia. The post Fintech Fundings: 15 Companies Raise $150 Million Week Ending August 31 appeared first on Finovate. Tags: P2P, lending, mortgage, loans, peer-to-peer. million in venture debt. August fundings ended up totaling $2.3
Fintech Labs Insights
MARCH 22, 2016
million for its P2P lending platform for small businesses. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. Alt-lender focused on lending against existing automobile titles. HQ: Atlanta, Georgia. P2P real estate lending marketplace. SmartAsset raised $3.8 Qumram raised $2.5
Fintech Labs Insights
SEPTEMBER 4, 2015
It was a somewhat slower week in fundings with just under $100 million raised by 14 fintech companies. It comes as no surprise, that eight (17%) were fintech companies including four Finovate alums ( Betterment, Coinbase, Wealthfront, ZenPayroll ) and four others ( Avant, Collective Health, Raise, and Zuora ). HQ: Norcross, Georgia.
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: Atlanta, Georgia. HQ: Atlanta, Georgia. The post Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor).
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. Real estate lending marketplace. GroundFloor.
Fintech Labs Insights
NOVEMBER 23, 2015
Large swaths of cash flowed into the global fintech sector last week. HQ: Roswell, Georgia. Tags: Student lending, employee benefit, SMB, enterprise, Finovate alum. All told, 25 companies brought in $809 million of which at least $330 million was debt (therefore equity investments totaled $479 million). Source: Crunchbase.
Fintech Labs Insights
JANUARY 13, 2016
Lendful Financial. Consumer lending software for financial institutions. HQ: Atlanta, Georgia. The post Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8 appeared first on Finovate. Tags: SMB, lending, loans, commercial lending, underwriting, alt-lender, Accion (investor). million ($44.7
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. Online consumer lending. HQ: Atlanta, Georgia. Person-to-person small biz lending platform. Multi-family lending management. RealtyMogul took in another $18.4 million ($1.5
PYMNTS
JUNE 30, 2016
The latest June count for where Walmart Pay is available is: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, Missouri, Texas, Arkansas, and Washington, D.C. PayPal’s Consumer Support.
CB Insights
OCTOBER 10, 2018
We define startups disrupting banking broadly to include mobile-first fintech companies that primarily focus on leveraging technology and software to digitize and streamline retail and business credit, checking, and savings accounts. Revolut has been aggressively iterating on its products and blurring fintech business lines.
Fintech Labs Insights
MAY 24, 2016
Today, the Georgia-based company announced it has originated $2 billion in loans during the past five years. Earlier this month, Kabbage partnered with alt-lenders OnDeck and CAN Capital to launch the Innovative Lending Platform Association and Smart Box.
Fintech Labs Insights
AUGUST 8, 2016
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: Roswell, Georgia. The post Fintech Fundings: 32 Companies Raise $210 Million Second Week of July appeared first on Finovate. Total dollars raised YTD is $18.1
PYMNTS
FEBRUARY 24, 2016
Mintos, a Latvian P2P lending startup, which provides a platform for investors to finance nonbank lender loans, has raised $2.2 We are doing something that has not been done in P2P lending industry so far, at least in Europe, if not at all. million in a seed funding round led by Riga, Latvia-based VC Skillion Ventures.
Fintech Labs Insights
AUGUST 4, 2016
Small business lending marketplace Lendio released its second quarter financial results this week. Top 10 states: California, Florida, Texas, New York, Georgia, Illinois, New Jersey, North Carolina, Virginia and Colorado. ” Additional second quarter highlights include: 2,400 new businesses funded, a 2.3X increase over Q1 of 2016.
Fintech Labs Insights
MARCH 13, 2017
How are the big trends in fintech like virtual reality, the blockchain, and big data analytics dictating trends in proptech? It is worth keeping in mind that trends in proptech are controlled by the same forces that drive trends in other parts of technology such as fintech. The nation is working with bitcoin mining company, Bitfury.
Jeff For Banks
DECEMBER 29, 2021
The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. and equipment lending and asset based lending through Triumph Commercial Finance. (Nasdaq: MCBS) MetroCity Bankshares, Inc.,
Fintech Labs Insights
JULY 20, 2016
This week, 35 fintech companies worldwide raised $469 million the second week of June. Fintech deals by size from 11 June to 17 June, 2016: Fenqile. Fintech company builder. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, insurance, payments, funds transfer. Total dollars raised YTD is now $16.8
William Mills
SEPTEMBER 9, 2016
An App Store for FinTech applications. International lending platform – Create opportunities for Investors. 2015 formed aspire to address inefficiencies in alternative lending market. After they bought CheckFree a lot of Fiserv folks have been based in Georgia. Download: 10 Reasons Why Fintech Startups Fail White Paper.
Fintech Labs Insights
DECEMBER 4, 2015
As we head into the final four weeks of 2015, private investment into the fintech sector is just under $18 billion for the year (or $24 billion including the First Data, Worldpay and Square IPOs). ThetaRay : The Israeli company fintech security company raised $5 million from Alibaba. Small business lending technology.
Fintech Labs Insights
NOVEMBER 9, 2015
It was the sixth week in a row that the number of fintech fundings topped 20. P2P lending. HQ: Atlanta, Georgia. The post Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6 appeared first on Finovate. Tags: Consumer, lending, lead gen, loans, small business loans, mortgage. Source: FT Partners.
William Mills
SEPTEMBER 12, 2017
An industry leader in lending and benchmarking solutions for financial institutions. This technology powers a ton of other FinTech companies (something that I don’t think most people know). That SOUNDS like a Georgia bank but I bet it’s in New Jersey. They’re s howing a lending example using their API. afs_vision.
Fintech Labs Insights
MAY 16, 2017
The company offers European investors access to unsecured consumer debt in Poland and Georgia, and has plans to expand its reach across the globe. Our team is very experienced in the fintech field, so we had no doubt we could build awesome financial products. Latvia-based Swaper seeks to make P2P investing as simple as possible.
William Mills
SEPTEMBER 7, 2016
Their API is already integrated in a few core systems and other fintech necessitates. Charlotte, NC-based tech company founded eight years ago by a 14-year FinTech veteran from FIS. Besides Georgia, Texas seems to be a hot area for FinTech companies. Command center for small business lending. Partner with Geezeo.
Fintech Labs Insights
MAY 26, 2016
European marketplace lending startup TWINO is turning one year old today and has some impressive metrics to celebrate its first birthday. TWINO debuted its marketplace that offers investors access to unsecured consumer loans from Denmark, Poland, and Georgia at FinovateEurope 2016 in London. Since launch, $24.6
CB Insights
OCTOBER 10, 2017
Many fintech companies out there are trying, very literally, to become the next Mint.com. Like NerdWallet is today, Mint became an authority in the space — a reputation that allowed it to overcome some of the inherent difficulties in being a personal fintech company that relies on people sharing their financial information.
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