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.

Lending 150

Lending New York Operations Online 150

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

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.

Retail 239

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.

Lending 110

Lending New York Fintech Cards 110

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

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.

Fintech 109

Fintech Ohio Florida Oregon 109

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.

Innovation 150

Innovation Fintech Report New York 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. 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.

Lending 116

Lending Security Philadelphia Dallas 116

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. The transaction will enable parties to exchange documents online instead of getting hard copies.

Fintech 100

Fintech blockchain New York Risk Management 100

PYMNTS

JULY 20, 2017

Keith Noreika, the temporary head of the Office of Comptroller since May, is defending an idea that first came up under his predecessor Tom Curry: offering online lenders and FinTech startups banking charters. The OCC announced it was exploring granting special-purpose charters to FinTech companies in December.

Online 100

Online Regulation United States National 100

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

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 Leveraging Risk the Right Way.

Lending 130

Lending FDIC Minneapolis Utah 130

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

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.

New York 268

New York Fintech Report Company 268

Bank Innovation

MAY 1, 2017

As only the second Chinese online lender to go public in the U.S. first was Yirendai in 2015), China Rapid Finance is confident its new listing on the New York Stock Exchange will lead to growth.

New York 253

New York Online Company Lending 253

PYMNTS

APRIL 14, 2017

New data from the Federal Reserve shows small businesses aren’t taking to FinTechs as much as they’d hoped. Coming in last were online alternative lenders, which scored a satisfaction rate of just 46 percent. Coming in last were online alternative lenders, which scored a satisfaction rate of just 46 percent.

Fintech 109

Fintech Survey New York Maine 109

Bank Innovation

FEBRUARY 13, 2018

EXCLUSIVE—Online lender OnDeck grew originations and expects even more growth this year, according to its earnings call today. 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.

New York 207

New York Online Company Lending 207

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

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? Drilling down a bit further, about one third sought financing from online lenders in 2018, up from 24 percent in 2017.

Study 122

Study Lending Online Survey 122

PYMNTS

JANUARY 21, 2021

In terms of customers going online to bank, BofA added that digital sales accounted for 45 percent of all consumer banking sales for the quarter. In the home lending segment, the company saw two-thirds of applications done digitally. million during the quarter. Active digital banking users likewise grew 3 percent to 39.3

Mobile 252

Mobile Report Trends Digital Banking 252

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

PYMNTS

SEPTEMBER 19, 2017

Online lender and tech startup Social Finance (SoFi) made recent news when its chief executive officer, Mike Cagney, stepped down following a lawsuit regarding claims of sexual harassment. 350,000 | Number of borrowers who have used SoFi’s lending services, totaling more than $20 billion in loans.

Data 100

Data New York Capital Lending 100

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

PYMNTS

DECEMBER 7, 2020

In only the latest salvo, online payments firm Paysafe announced plans on Sunday (Dec. Paysafe plans to go public on the New York Stock Exchange with a $9 billion listing. And that same month, payments processor Paya made its own SPAC-driven debut through a merger with another SPAC, FinTech Acquisition Corp.

Online 161

Online Marketing New York Report 161

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

Bank Innovation

DECEMBER 6, 2017

The New York-based Hypr announced today that it received an additional $2 million on a Series A funding, first announced in October 2017. Today’s round was led […].

New York 284

New York Technology Online Capital 284

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

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

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Typical Practices of Online Lenders.

San Francisco 70

San Francisco Lending New York City Online 70

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P.

Community Bank 144

Community Bank Community Lending Louisiana 144

Fintech Labs Insights

AUGUST 12, 2016

If unanimously positive perceptions are the hallmark of a bubble, then rest assured that the alt-lending market has moved past that stage. So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Looking at the P2P lending market in the U.K., Fintech Advances in Asia.

Trends 12

Trends Lending Fintech blockchain 12

Jeff For Banks

MARCH 3, 2018

More talk about fintech, dinosaur bankers, and flavors of the month. In the above blog post, I discussed Apple and Bank of New York Mellon. Online book stores. In 1998, they decided "why don't we sell everything online?" or Idea Killers? But their animation caught my attention. Much to my chagrin. How about Amazon?

Apple 67

Apple Millennials Massachusetts FDIC 67

American Banker

APRIL 12, 2016

The New York company makes two- to three-year term loans of between $3,000 and $25,000. It is seeking to distinguish itself from other digital lenders by targeting young adults who have limited credit histories.

Online 28

Online New York Company Digital Banking 28

Fintech Labs Insights

JUNE 29, 2016

Our FinDEVr New York developer showcase was a success! Avalara Adds New Stripe Integration, Earns Dual Honors at American Business Awards. The latest from FinDEVr New York 2016 presenters. Wired UK profiles Fidor , “the fintech bank run by its customers.”. Register today and save. On FinDEVr.com.

New York 17

New York Lending Fintech Community 17

Fintech Labs Insights

MAY 2, 2016

billion funding at Alipay’s Ant Financial , we just set the one-week record for fintech venture funding with $4.79 Here are the fintech deals by size from 16 April to 22 April 2016: Ant Financial. Online payment services division of Alipay. P2P lending platform. HQ: New York City. Latest round: $4.5

San Francisco 12

San Francisco New York City Company Fintech 12

Fintech Labs Insights

SEPTEMBER 21, 2015

The money flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. Year-to-date fintech firms have raised $13 billion. The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr.

New York City 12

New York City San Francisco Company Fintech 12

Fintech Labs Insights

JUNE 5, 2015

The fintech sector scored its second consecutive under-$100 million week as the summertime slowdown hit the northern hemisphere. FinTech Group. Online brokerage & investment provider. Online bitcoin exchange. HQ: New York City. Online platform for investing in “deep technology” startups.

New York City 12

New York City Company Fintech New York 12