Bank Innovation

APRIL 19, 2017

Among the endless rows of tech startups from all imaginable industries– from rideshare, to edtech, and beauty– seven fintechs rose to show off their latest during the TechDay event in New York yesterday. Qplum The startup, launched […].

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Fintech New York blockchain Lending 294

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.

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Analytics Lending Fintech Leadership 125

Bank Innovation

APRIL 7, 2016

Ok, it’s safe to say fintech has hit the big time. The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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New York Fintech social media Operations 150

PYMNTS

MAY 3, 2019

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Regulators in New York want to prevent federal government agencies from granting FinTechs national licenses enabling them to loan and send money like a bank.

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Fintech New York National Regulation 156

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

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Fintech New York Capital Lending 210

William Mills

MAY 18, 2023

Fintech Nexus completed its metamorphosis. The two-day show remained in New York, gathering a good crowd of fintechs, venture capitalists, banks, credit unions, media and influencers. In 2022, the show launched its transition from LendIt into a namesake focused on industry connections.

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Fintech New York Lending Industry 68

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.

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New York Fintech Lending Regulation 173

PYMNTS

AUGUST 15, 2019

Monzo is “more nuanced than we were probably two or three years ago,” CEO Tom Blomfield told the news outlet. He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The company is hopeful that its consumer lending division will lead to profits, according to the report.

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Lending Los Angeles Digital Banking San Francisco 161

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers.

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National Fintech New York Exercises 165

PYMNTS

JANUARY 6, 2020

Chinese firm OneConnect , a blockchain-based small business (SMB) lending platform owned by insurance giant Ping An, has launched a new portal to facilitate SMB lending in the Guangdong province, the company announced on Monday (Jan.

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Lending Data blockchain New York 130

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….

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Fintech New York US National 166

Bank Innovation

JANUARY 17, 2020

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

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Retail New York Video Conference 243

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.

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Capital Fintech New York City Security 202

Bank Innovation

AUGUST 19, 2016

Today it was revealed that banking giant Goldman Sachs will be launching an online retail lending operation called Marcus, after founder Marcus Goldman, as reported by the New York Times, The operation will likely roll out this October, and will start by offering small consumer loans from $15,000 to $20,000.

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Lending New York Operations Online 150

PYMNTS

OCTOBER 9, 2020

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. We are excited to back a social impact-driven FinTech with a sound business model. The funding was led by Upfront Ventures.

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New York City Lending New York Fintech 254

Bank Innovation

SEPTEMBER 14, 2017

banking regulator, the Office of the Comptroller of the Currency, is still in the “exploratory” phase with its new fintech charters. This is according to acting Comptroller Keith Noreika, who made the remarks yesterday during the FinovateFall conference in New York.

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Fintech New York Conference Regulation 170

PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that the economy will rebound by next year.

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Retail US New Jersey New York 239

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.

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Lending New York Fintech Cards 110

Banking Exchange

APRIL 13, 2020

Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program Retail Banking Risk Management Compliance Fair Lending Feature3 Fintech Feature Outsourcing/Cloud.

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New York Risk Management Compliance Lending 78

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.

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New York Analytics Lending Tools 150

PYMNTS

OCTOBER 24, 2019

Lights out for the FinTech charter idea? The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. District Court for the Southern District of New York ruled Monday (Oct.

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Fintech FDIC New York National 101

Bank Innovation

DECEMBER 7, 2016

China has outstripped fintech hubs like London, New York, and Silicon Valley, and is now the global leader in financial innovation, according to a new report released by financial service firm EY and DBS Insights.

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Innovation Fintech Report New York 150

PYMNTS

JUNE 18, 2019

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. FinTech Alliance debuted this week, with a roster that tops 500 members. The main thing that will be removed is lending. banking charter. …

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Fintech Los Angeles San Francisco Examples 108

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. In total, $97.7

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Fintech San Francisco Capital Software 192

PYMNTS

APRIL 25, 2017

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

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BankInovation

JUNE 22, 2021

Banking process automation fintech Blend Labs experienced 90% year-over-year growth to $96.0 The filing comes ahead of Blend’s proposed public listing on the New York Stock Exchange with the ticker symbol BLND. million in 2020 from $50.7 million in 2019, while losses decreased, the company’s Monday S-1 filing revealed.

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Fintech New York Company US 87

BankInovation

JULY 17, 2020

Fintechs looking to expand beyond their Bay Area or New York City headquarters have welcomed an unlikely visitor in recent years: Utah Gov. Gary Herbert. “The The governor is a great salesperson,” said Val Hale, executive director for the Utah Governor’s Office of Economic Development.

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Utah New York City Fintech California 83

PYMNTS

MARCH 7, 2017

Speaking in front of the LendIt conference in New York yesterday (March 6), Comptroller of the Currency Thomas Murray told those assembled that the oversight body will go forward with plans to offer banking charters to fintech companies. Murray disagrees. That’s wrong.

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Fintech New York Conference National 100

PYMNTS

MAY 26, 2017

Mizuho Financial Group , the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. Mizuho is among a growing list of financial services companies around the globe who are embracing FinTech, whether it’s investing in startups, partnering them or buying them outright.

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Fintech blockchain New York Risk Management 100

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. Kassul noted his firm used to invest in ABS from the lending marketplaces but, eventually, there just wasn’t enough profit in it. The Coming Risk Assessment Reset.

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Lending Security Philadelphia Dallas 116

PYMNTS

JULY 14, 2020

Silicon Valley FinTech Affirm is also a regular in the top 5 this year. In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. The account comes with 1.30

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Lending FDIC Minneapolis Utah 130

BankNXT

MARCH 10, 2017

Brett King takes Breaking Banks to LendIt in New York, to talk innovation in lending, as well as other top-of-mind fintech topics. Innovations in lending at LendIt 2017 on BankNXT.

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Lending Innovation New York Fintech 49

Bank Innovation

DECEMBER 13, 2017

Those savings numbers decline even further when considering the Hispanic population, according to a new study by IRA savings platform, Finhabits. Well, that’s exactly what New York-based fintech startup is hoping to provide. The solution? Launched in February by former […].

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New York Study Fintech Lending 258

Bank Innovation

JANUARY 10, 2018

New York-based fintech YieldStreet has raised $116 million in debt and equity financing to further expand the loans it offers on its platform, Bloomberg reported today.

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New York Fintech Report Company 268

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.

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Fintech Regulation New York Management 100

Bank Innovation

FEBRUARY 13, 2018

That number is a milestone for the fintech that launched a little over four years ago. Back in November, Bank Innovation reported the New York. EXCLUSIVE – PFM platform MoneyLion now has two million customers on its app. based personal finance app’s user base to be 1.5

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New York Fintech Innovation Report 231

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. However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena.

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Strategy Fintech Capital Lending 109