PYMNTS

SEPTEMBER 14, 2018

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. Of that total, 8,664 were New York business customers and 226,656 were New York individual customers.

New York 173

New York Fintech Lending Regulation 173

PYMNTS

SEPTEMBER 18, 2018

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. While In New York, New York….

Fintech 166

Fintech New York US National 166

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). Mailprotector.

Capital 202

Capital Fintech New York City Security 202

PYMNTS

JULY 4, 2018

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

Lending 110

Lending New York Fintech Cards 110

PYMNTS

APRIL 28, 2017

Good news emerged from the U.S. venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 billion, found a new report from KPMG. Financial Services FinTech Practice Co-Leader Anthony Rjeily in a statement. The company said it will also look to expand into new markets.

Fintech 192

Fintech San Francisco Capital Software 192

Bank Innovation

SEPTEMBER 26, 2018

If Finovate Spring was dominated by companies in lending and underwriting, then Finovate Fall was all about startups and service providers equipping banks with tools to help them provide better customer service.

New York 150

New York Analytics Lending Tools 150

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. Some dropped certain grades, and the mentality of grabbing market share to be profitable has shifted.”. The Coming Risk Assessment Reset. ” Will those securities pay?

Lending 116

Lending Security Philadelphia Dallas 116

PYMNTS

AUGUST 16, 2019

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International. Also in the U.K., Funding Xchange secured $10.3

Strategy 109

Strategy Fintech Capital Lending 109

PYMNTS

JULY 14, 2020

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

JULY 17, 2018

The movement toward linkups between traditional financial institutions (FI) and FinTech firms seems an inexorable one — in the cross-selling of corporate services into consumer bases that embrace individuals and, typically, small- to medium-sized businesses (SMBs). However, looking elsewhere beyond U.S.

Fintech 100

Fintech Regulation New York Management 100

Gonzobanker

MAY 5, 2022

ICE should take care to ensure that this deal does not slow the speed to market of both companies. New York Stock Exchange-parent Intercontinental Exchange (ICE.N) in a deal valuing the mortgage-lending software and data analytics firm at $13.1 just announced it will acquire Black Knight (BKI.N)

Lending 147

Lending System Marketing New York 147

PYMNTS

SEPTEMBER 27, 2020

Lightyear Capital , the New York-based private equity firm working in the fields of financial services, has established ProfitSolv to acquire integrated solutions for billing, payments and software services, a press release says. According to the press release, the addressable market for payments solutions is around $1.4

Payments 160

Payments Software New York Capital 160

PYMNTS

JANUARY 23, 2019

“New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” said Edward Siegel, CEO of Bitty Advance, in a statement.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

APRIL 8, 2016

The alternative lending boom of yesteryear secured impressive amounts of attention, and dollars, from venture capitalists towards the FinTech startup industry. Today, however, investors are increasingly showing a more conservative approach to the FinTech space. Alternative Lending. We break down the investments below.

Fintech 100

Fintech Software Capital Lending 100

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. And in New Albany, Miss.,

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

DECEMBER 13, 2019

Venture capital (VC) is far from the only funding source for B2B FinTechs. Despite a growing array of options, venture capital remains a solid funding source for B2B FinTechs, with this week’s roundup accumulating $104.4 Bill.com’s initial public offer (IPO) on Thursday (Dec. million raised, Reuters reported.

New York 130

New York Capital Fintech Leadership 130

PYMNTS

AUGUST 20, 2018

FinTech Firms Eye Bank Charters. And in the wake of the announcement late last month that FinTechs will be able to apply for banking licenses with the Office of the Comptroller of the Currency, caution abounds. Against the challenges, many of these companies are indeed shifting resources to grapple with GDPR.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies.

Fintech 80

Fintech US Lending Cards 80

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. banks by market value.”.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

DECEMBER 7, 2020

It might be hard in the midst of roaring markets and headlines trumpeting Dow 30,000 to remember that one of 2020’s highest high-flyers has been the special purpose acquisition corporation, or SPAC. And SPAC initial public offerings (IPOs) keep on coming, bringing companies to market in what seems like a continuous spate of new listings.

Online 161

Online Marketing New York Report 161

PYMNTS

OCTOBER 26, 2018

More legal troubles have emerged for the Office of the Comptroller of the Currency (OCC) over its plan to introduce national bank charters for FinTechs, aimed at making it easier for alternative financial services players to do business. Reports in Reuters on Thursday (Oct.

District of Columbia 156

District of Columbia National Fintech New York 156

CFPB Monitor

NOVEMBER 12, 2018

In August 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” Sweetbridge NFP, Ltd.,

Arizona 60

Arizona Fintech blockchain New York 60

PYMNTS

APRIL 22, 2019

Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? In addition, the relatively higher online lending rates come against a backdrop of what we might term a bit more caution about non-traditional lending.

Study 122

Study Lending Online Survey 122

PYMNTS

SEPTEMBER 4, 2020

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. Honcho plans to deploy the investment towards new hires and invest in its product roadmap. Reachdesk said it would use the investment for global growth.

New York City 151

New York City Capital Colorado Software 151

PYMNTS

APRIL 24, 2019

percent interest rate, while money market accounts return an average 0.21 In addition, Wealthfront works with FDIC-insured partner banks — including East West Bank , New York Community Bank and others — to hold customers’ deposits. Since the firm partners with multiple banks, the deposits are insured up to $1 million.

FDIC 108

FDIC New York Community Bank Course 108

BankUnderground

OCTOBER 11, 2023

One example comes from the unlawful practice of redlining in insurance and mortgage lending. For example, if multiple firms utilise opaque or black box models in their trading strategies it would be difficult for both firms and supervisors to predict how actions directed by models will affect markets.

Training 132

Training Examples Data Lending 132

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. SMB Finance.

Fraud 115

Fraud Capital New York City Lending 115

Bank Innovation

FEBRUARY 13, 2018

The New York-based OnDeck expects “originations to grow at double-digit rates” over the next year, company CEO Noah Breslow said during the call this morning. EXCLUSIVE—Online lender OnDeck grew originations and expects even more growth this year, according to its earnings call today.

New York 207

New York Online Company Lending 207

PYMNTS

DECEMBER 15, 2017

. — and they all have very different needs, artificial intelligence (AI) firms are receiving major backing, industry experts share what 2017 meant to them and international payments firms have plans to expanded into new markets. 30 million | Higher end estimation of the number of SMBs in operation in the U.S.

Data 109

Data New York City eBook US 109

CFPB Monitor

APRIL 26, 2022

First, they are consistent with the agency’s stated intent to increase scrutiny of fintech firms, as it could allow the CFPB to conduct in-depth examinations of fintech firms over which it presently has no clear supervisory jurisdiction. These moves by the CFPB are notable for two reasons.

New Jersey 146

New Jersey Maryland Pennsylvania Virginia 146

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

CFPB Monitor

MAY 3, 2021

Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements. These speakers consistently conflated payday lending and bank-fintech partnership lending, and ignored correction of this mis-characterization by other witnesses.

North Carolina 60

North Carolina Lending National District of Columbia 60