Fintech, Illinois and Lending - Community Banking Brief

Fintech Deals to Watch: Fall Festivities

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

Fintech

Fintech Software Illinois Lending

Community Banks Debut FinTech Alliance

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.

Community Bank

Community Bank Community Fintech Arizona

The United States Of Fintech Startups

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.

United States

United States Fintech North Carolina Rhode Island

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

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.

United States

United States Fintech North Carolina Rhode Island

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Looking Toward The Blockchain . The Charter Advantage .

National

National blockchain Montana Lending

State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

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.

Washington

Washington Regulation Conference Fintech

State Regulators Investigate Payday Advances

PYMNTS

AUGUST 8, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. For that privilege, it says, it doesn’t charge fees or interest, or have hidden costs to use the app.

Puerto Rico

Puerto Rico Regulation New York South Dakota

Scottsdale Community Bank: Making microloans

Independent Banker

JANUARY 31, 2023

George Weisz, Scottsdale Community Bank But for all its embrace of technology, the community bank took its inspiration for an innovative lending program from an old-school tradition: kids’ lemonade stands. We are changing the face of business banking in Arizona by combining cutting-edge fintech technology with true relationship banking.”

Community Bank

Community Bank Community Phoenix Arizona

The United States Of Artificial Intelligence Startups

CB Insights

MARCH 13, 2019

Nuro is followed by Illinois’ Avant ($655M) and Massachusetts’ Indigo Agriculture ($617M). They include cybersecurity company StackPath ($180M) and fintech companies Opera Solutions ($122M) & Petuum ($108M). The California-based startup is developing autonomous vehicles, with a focus on last-mile delivery.

United States

United States Rhode Island Massachusetts Connecticut

Three-state attack on the OCC’s “Madden fix” rule

CFPB Monitor

AUGUST 3, 2020

It amends 12 CFR part 7 and part 160 to add, respectively, Section 7.4001(e) and Section 160.110(d), which provide: Interest on a loan that is permissible under [12 U.S.C. 85] [12 U.S.C 1463(g)(1)] shall not be affected by the sale, assignment, or other transfer of the loan.

National

National New York California Illinois

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). HQ: Chicago, Illinois. HQ: Chicago, Illinois. Tags: SMB, P2P lending, crowdfunding, commercial loans, person-to-person, credit, underwriting, investing. Consumer alt-lender. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92

Company

Company Fintech San Francisco New York City

Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

Fintech Labs Insights

OCTOBER 1, 2015

Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). student loans, the worldwide fintech total surpassed one billion ($1.254 billion to be precise) thanks to Paytm ($675 million), Avant ($325 million) and 17 others.

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Labs Insights

DECEMBER 28, 2015

But if there’s one in the fintech sector, the dozens of investors in these 23 companies didn’t get the memo. In the last full non-holiday week of the year, $685 million poured into fintech companies worldwide. HQ: Chicago, Illinois. FinTech Group. There may be a bubble in tech investing. HQ: New York City.

Company

Company Fintech North Carolina California

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. 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. Latest round: $150 million Private Equity.

New York City

New York City Company Fintech California

Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

AUGUST 20, 2015

Fintech funding records continue to fall. Alt-consumer lending. HQ: Chicago, Illinois. Peer-to-peer lending marketplace for small businesses. Tags: Credit, P2P, lending, underwriting, investing, SMB. Last week was the record number of deals, with 27. This week it was the biggest total dollars raised at $1.63

San Francisco

San Francisco Company Fintech California

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

JULY 12, 2016

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. HQ: Chicago, Illinois. Alt-lending. Nine of the deals were for undisclosed amounts and $2 million was reported as debt.

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

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: Chicago, Illinois. P2P real estate lending marketplace. Peer-to-peer lending marketplace.

Company

Company New York City Fintech Colorado

Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20

Fintech Labs Insights

NOVEMBER 23, 2015

Large swaths of cash flowed into the global fintech sector last week. HQ: Chicago, Illinois. The post Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20 appeared first on Finovate. Tags: Student lending, employee benefit, SMB, enterprise, Finovate alum. Source: Crunchbase. HQ: Sydney, Australia.

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 27 Companies Raise $420 Million Week Ending October 23

Fintech Labs Insights

OCTOBER 26, 2015

HQ: Chicago, Illinois. Lending to bootcamp students. Marketplace lending platform. The post Fintech Fundings: 27 Companies Raise $420 Million Week Ending October 23 appeared first on Finovate. Tags: Consumer, financing, B2B2C, indirect lending, loans, underwriting, in-store POS, Finovate alum. P2P loan platform.

Company

Company Fintech California North Carolina

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

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: Lombard, Illinois. 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). The vast majority, $5.9

New York City

New York City Company Fintech New York

Lendio by the Numbers: $250 Million in Loans to 10,000+ Small Businesses

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.

North Carolina

North Carolina Utah New Jersey Colorado

Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank

Community Bank Community National Philadelphia

The top-performing community banks of 2021

Independent Banker

APRIL 30, 2022

In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. A: We have been fortunate to develop deep partnerships with some great fintechs. William Atkinson is a writer in Illinois. Ed Avis is a writer in Illinois.

Community Bank

Community Bank Community Montana Taxes

ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

AUGUST 31, 2021

The KSB Lends a Hand program took anniversary funds totaling $20,000 and distributed them to more than 100 local organizations. “We Among its digital innovations is an extensive library of application programming interfaces (APIs) that runs its customer platform and allows the bank to originate and service loans on online lending platforms.

Community Bank

Community Bank Community National Fresno

Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

DECEMBER 29, 2021

(Nasdaq: TBK) Triumph Bancorp, and it's subsidiary TBK Bank, SSB were founded in Dallas, Texas in 1981 and provides commercial and consumer banking products focused on meeting client needs in Texas, Colorado, Kansas, New Mexico, Iowa and Illinois. and equipment lending and asset based lending through Triumph Commercial Finance.

Capital

Capital Texas Metro North Carolina

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

SEPTEMBER 1, 2016

The fintech sector attracted $332 million in new capital the first week of August. Fintech deals by size from 30 July to 5 August, 2016: Mosaic. Lending marketplace for small businesses. HQ: Evanston, Illinois. The post Fintech Fundings: 30 Companies Raised $330 Million First Week of August appeared first on Finovate.

New York City

New York City Company Fintech Comparison

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Labs Insights

FEBRUARY 15, 2016

Despite turmoil in global equity markets, the fintech sector continued its 3-year bull market with 21 companies raising $259.1 Six weeks into the new year, fintech companies have raised $4.5 Here are the fintech deals by size from 6 Feb to 12 Feb 2016: Renew Financial. HQ: Chicago, Illinois. HQ: Chicago, Illinois.

Company

Company Fintech New York City Comparison

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 5

Fintech Labs Insights

FEBRUARY 5, 2016

Private capital continued to flow into the fintech sector this week with 21 companies raising $257 million. Just five weeks into the new year, fintech companies have raised $4.25 Here are the fintech deals by size from 30 Jan to 5 Feb 2016: Credibly . HQ: Chicago, Illinois. million for its global funds transfer app.

Company

Company Fintech Bitcoin California

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

JULY 17, 2015

While the data wasn’t broken out by sector, I’d wager that last quarter’s $5 billion in fintech startup funding was 5x to 10x more than in 1999/2000. But at least in fintech, there are vast opportunities to improve existing processes and open new markets. HQ: Chicago, Illinois. Total raised: $45.1 AcadiaSoft.

Fintech

Fintech Company San Diego Los Angeles

Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21

Fintech Labs Insights

MAY 21, 2015

It was a broad mix of sub-sectors, from crypto (Ripple) to lending. Tools and programs for alt-lending to businesses. HQ: Chicago, Illinois. Bitcoin-denominated P2P lending. Tags: P2p, peer-to-peer lending, underwriting, Bitcoin, Finovate alum. Actiance $28 million. PayItSimple $10 million (line of credit).

San Francisco

San Francisco New York City Company California

Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

AUGUST 14, 2015

Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 ——— Fintech Unicorn Watch : Along with Yodlee’s near-unicorn exit , another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2

New York City

New York City Company Fintech New York

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

Mozido’s fintech fraud fiasco. Rishi Shah and Shradha Agarwal founded healthcare information startup Outcome Health in 2006 while the pair were still studying at Illinois’ Northwestern University. Mozido’s fintech fraud fiasco. Zenefits skirts compliance regulations. Outcome Health fights for its life.

Fraud

Fraud Las Vegas Company Video

California lawmakers urge FDIC to rein in bank partnerships

CFPB Monitor

JUNE 15, 2022

The letter explains that although states have tools for going after these lending arrangements, such tools are more costly to employ and less likely to be effective than typical enforcement authorities provided to state financial regulators. A coalition of consumer advocacy groups raised similar concerns in a letter to the FDIC in February.

FDIC

FDIC California West Virginia North Carolina

Democratic Congressman Bill Foster seeks chairmanship of House Financial Services Committee Fintech taskforce

CFPB Monitor

FEBRUARY 12, 2019

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

Fintech

Fintech Illinois Community Financial Technology

Fintech Fundings: 29 Companies Raise $75 Million Week Ending March 3

Fintech Labs Insights

MARCH 8, 2016

Here are the fintech deals by size from 27 Feb to 4 Mar 2016: iAngels. HQ: Chicago, Illinois. Tags: Consumers, lending, loans, underwriting, investing, peer-to-peer. Two Finovate alums raised new cash: iQuantify raised $2 million for its robo-advising technology. Equity crowdfunding platform. Latest round: $14 million.

Company

Company Fintech San Francisco New York City

Warren’s White House Would Put Bank Mergers In The Hot Seat

PYMNTS

DECEMBER 4, 2019

Jesús “Chuy” García (D-Illinois) is introducing. A rise in alternative lending and FinTech service providers has driven the digitization of both traditional and alternative financial services, leading some banks to invest in their online platforms and cut costs by shutting down physical branch locations.

Illinois

Illinois Massachusetts New York Industry

Fintech Deals to Watch: Fall Festivities

Community Banks Debut FinTech Alliance

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Trending Sources

The United States Of Fintech Startups

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

State Regulators Investigate Payday Advances

Scottsdale Community Bank: Making microloans

The United States Of Artificial Intelligence Startups

Three-state attack on the OCC’s “Madden fix” rule

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20

Fintech Fundings: 27 Companies Raise $420 Million Week Ending October 23

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Lendio by the Numbers: $250 Million in Loans to 10,000+ Small Businesses

Who were ICBA’s Top Lenders of 2022?

The top-performing community banks of 2021

ICBA’s 2021 National Community Bank Service Award winners

Banking's Top 5 Total Return to Shareholders: 2021 Edition

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 5

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21

Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

17 Of The Biggest Startup Frauds Of All Time

California lawmakers urge FDIC to rein in bank partnerships

Democratic Congressman Bill Foster seeks chairmanship of House Financial Services Committee Fintech taskforce

Fintech Fundings: 29 Companies Raise $75 Million Week Ending March 3

Warren’s White House Would Put Bank Mergers In The Hot Seat

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