Abrigo

FEBRUARY 27, 2020

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.

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Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

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Fintech Los Angeles Lending Analytics 214

Gonzobanker

SEPTEMBER 21, 2023

Fiserv partnered with Central Payments LLC , a BAAS provider for fintech, and sold its Frontier Reconciliation and Accurate Reconciliation solutions to Trintech. Numerated , a business lending origination platform, partnered with Finastra for a LaserPro integration. Credit union lending platform Clutch partnered with Zest.ai

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Fintech Software Illinois Lending 103

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

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Fintech How To Innovation System 195

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print. According to Kristen E.

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Fintech Trends South Dakota Apple 474

PYMNTS

JANUARY 11, 2021

Ant Group , Tencent and JD.com are facing a crackdown by Beijing over concerns of over-lending to consumers through their platforms, a major cash cow for the Chinese tech giants. Smaller banks are generally in a weaker position when they partner with FinTech giants like Ant.

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Lending Regulation Data Groups 132

PYMNTS

APRIL 4, 2016

federal officials may still be in the early stages of assessing the nation’s alternative lending and small business finance sector, an effort that may eventually lead to regulation of an industry that has yet to face significant crackdowns. The CRBF is not the U.S.’s

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American Banker

MARCH 8, 2021

Ten companies this week joined the American Fintech Council, which debuted March 3 after the Marketplace Lending Association and Online Lending Policy Institute combined.

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Fintech Groups Lending Policies 81

Bank Innovation

APRIL 17, 2018

Santander InnoVentures, the fintech venture capital arm of Spanish bank Santander Group, made an undisclosed investment in Brazilian fintech Creditas. The investment in Creditas, a digital online lending platform, marks Santander’s first venture into the Brazilian fintech landscape.

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Fintech Marketing Lending Capital 170

Bank Innovation

MARCH 23, 2020

are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency U.S. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., Financial-technology firms including PayPal Holdings Inc.

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US Fintech Lending Capital 259

PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., In the U.K., A Win-Win for Banks and SMBs. While more financial service providers in the U.S.

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PYMNTS

NOVEMBER 13, 2018

Collaboration amid competition has been a hallmark of the financial services space, as traditional financial institutions (FIs) join forces with FinTech startups. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Guidelines From The UK. and MarketInvoice.

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Community Bank Community Fintech Arizona 183

PYMNTS

SEPTEMBER 18, 2018

The Innovative Lending Platform Association (ILPA) has added three members, according to an announcement made on Monday (Sept. Alternative lending companies BlueVine , Fundbox and 6th Avenue Capital have joined the ILPA, an alternative small business (SMB) lending trade organization.

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Groups Lending Capital Fintech 134

PYMNTS

AUGUST 15, 2019

He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K. Revolut has yet to introduce the service and German group N26 isn’t yet offering loans in the U.K. .

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PYMNTS

MARCH 12, 2020

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. While FIs are exploring how APIs can elevate operations like small business loan underwriting, traditional FIs are also turning to their third-party FinTech partners to augment processes and product offerings.

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Lending Risk Management Fintech Community 194

PYMNTS

JANUARY 18, 2021

Singapore-based FinTech Grab is mulling a U.S. Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures.

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Fintech US Groups Management 198

Payments Source

JANUARY 22, 2019

Payment service provider heidelpay Group has purchased the installment lender Universum Group to bring a new payment capability to the heidelpay Group in the form of an installment lending product called FlexiPay.

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Groups Fintech Lending Payments 92

PYMNTS

MARCH 19, 2019

Grab Financial Group , the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap. Grow with Grab” is its full push into lending and insurance, the company said in the press release.

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Lending Fintech Groups Policies 131

PYMNTS

JANUARY 27, 2017

Credit China FinTech, the Chinese investment company, announced Thursday (Jan. 26) it made a $30 million investment in Bitfury Group, the bitcoin and blockchain infrastructure provider. In an email to CNBC , Credit China FinTech’s Phang said it is looking at using blockchain for its peer-to-peer lending and payment platforms.

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Groups Fintech blockchain Bitcoin 100

PYMNTS

APRIL 30, 2019

Ireland has been ramping up to boost FinTech efforts — a trend that has spanned several countries globally. The Times reported late last week that initiatives include a “FinTech foresight” group that will bring together various stakeholders across financial technology and multinational companies. In the U.S.,

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Fintech Regional Operations California 189

BankInovation

NOVEMBER 3, 2021

With new research finding racial disparities in small business lending, one fintech is examining how artificial intelligence (AI) and automation can help improve fairness and reduce inefficiency that may be present in traditional lending processes. billion Citizens Financial Group, $203.9 […]. Reston, Va.-based

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Lending Financial Technology Strategy Groups 97

PYMNTS

SEPTEMBER 9, 2019

JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. The app has e-wallet capabilities, digital lending services and wealth and insurance management.

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Groups Google Lending Online 125

PYMNTS

SEPTEMBER 22, 2020

In today’s top news in digital-first banking, digital payment processor Paya has come to an arrangement to purchase The Payment Group (TPG), and Purdue Federal Credit Union has tapped digital payment experience provider Payrailz for payment services. Paya To Purchase Utility Payments Processor, The Payment Group.

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Groups Payments Texas Community 156

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Lendingkart.

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Fintech Analytics Capital Lending 179

PYMNTS

OCTOBER 8, 2019

In terms of the total amount invested to date in FinTechs, as tracked by PYMNTS via the India FinTech Tracker, the year to date tally stands at just under $3.7 Also in the lending space, NeoGrowth Credit, which focuses on SME lending, has raised $17 million through debt financing from France’s Proparco.

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Fintech Capital United States Groups 144

BankInovation

JUNE 3, 2021

China is allowing Jack Ma’s Ant Group Co. to start operations at its consumer finance company, the first sign of progress after a regulatory crackdown torpedoed the fintech giant’s record listing.

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Lending Groups Fintech Operations 91

PYMNTS

NOVEMBER 4, 2020

China’s move to suspend Ant Group’s anticipated blockbuster initial public offering (IPO) likely came from the top echelon of the Chinese government, according to a report in the Financial Times. The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets. A collective $2.7

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Lending Groups Regulation Marketing 240

BankInovation

SEPTEMBER 8, 2022

(Bloomberg) -- Goldman Sachs Group Inc. provided a $140 million credit line to help finance a Mexico expansion for Latin American fintech Xepelin Holdings Inc., which offers services including payments and credit to small and midsize companies that do business with other firms.

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Fintech Lending Groups Payments 52

BankInovation

MAY 14, 2021

RealKey launched its automated lending platform on Wednesday, entering a crowded market of fintechs that digitize and automate mortgage lending.

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San Francisco Lending Marketing Tools 72

Bank Innovation

FEBRUARY 16, 2018

EXCLUSIVE — If there’s any question that digital mortgage firms are gaining attention from larger fintech players and investors, then look no further than venture capital firm Santander InnoVentures‘ investment in Roostify, a startup that digitalizes the mortgage application process.

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Fintech Capital Groups Lending 246

PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd.,

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Lending Capital Groups Financial Technology 122

PYMNTS

DECEMBER 11, 2019

Investors in Qwil include Jefferies Financial Group, while the funding round was led by venture outfit PeakSpan. Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to.

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Lending San Francisco Groups Company 130

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.

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Lending Innovation Fintech Cards 148

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.

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Community Bank Community Fintech Risk Management 159

CB Insights

SEPTEMBER 1, 2020

CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. The 2020 Fintech 250 cohort has raised approximately $49.2B 25+ winners will be presenting at our upcoming fully virtual Future of Fintech Conference (Nov.

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Fintech Company Lending Capital 101

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model. Our FinTech industry advisory panel did include a few community banks.

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Regulation Fintech Community Bank Community 147

PYMNTS

MARCH 5, 2019

Heightening efforts among policymakers across the globe to expand customer protections in the financial services (FinServ) space have largely left small business (SMB) banking and lending untouched. Markets Bypass SMB Borrower Protections. ” Earlier this year, the U.K. Lawmakers Take A Look.

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California Fintech Lending Regulation 153