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. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later. According to Kristen E.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

JANUARY 28, 2021

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in which banks hold the upper hand, commercial lending included. FinTechs, on the other hand, built on a digital-first foundation, found their footing amid the PPP deluge. "In

Lending 164

Lending Fintech Operations Software 164

PYMNTS

JULY 28, 2020

The bank-FinTech collaboration model is often about wielding digital-native FinTech solutions to fit within bank offerings. Yet this week’s look at the latest tie-ups reveals new models of collaboration, including FinTechs expanding their footprint within banking, and wielding banks to fit within their own tech solutions.

Fintech 279

Fintech Lending Digital Banking Technology 279

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements. He advised banks to closely monitor risk and compliance in these partnerships.

Fintech 146

Fintech Risk Management Conference Lending 146

Chris Skinner

MAY 10, 2017

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today. Does this matter?

Strategy 271

Strategy Fintech Regional Technology 271

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. It has also been unfriendly toward other forms of digital finance, including the peer-to-peer lending industry.

Fintech 193

Fintech Bitcoin cryptocurrency Lending 193

PYMNTS

JULY 31, 2019

As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission also announced plans to relax restrictions on foreign ownership of banks operating in the country. China’s banking regulation is in-flux.

Lending 134

Lending Policies National Guidelines 134

PYMNTS

DECEMBER 18, 2018

In Kenya, the Capital Markets Authority (CMA) has issued its “FinTech Sandbox Guidance Note,” which is now finalized as policy. In further evidence of FinTech linkups with traditional financial services firms, Revolut , a FinTech firm based in the United Kingdom, said late last week that it has been granted a European banking license.

Policies 109

Policies Fintech Big Data Lending 109

BankInovation

NOVEMBER 12, 2020

President-elect Joe Biden is set to take over the White House in January, and the financial services industry is awaiting his key decisions around regulation policies and personnel appointments. Amid the anticipation, it’s unclear just how drastic a change the Biden administration will bring. “I I don’t see major shifts.

Policies 98

Policies Fintech Regulation Industry 98

PYMNTS

DECEMBER 1, 2019

Your Central Bank today is more committed to creating wealth and putting in place strong policies for creating jobs for our growing youth population; your Central Bank today is ever more committed to promoting a more stable and resilient financial system,” he said. Only one mobile banking license has been issued this year.

Fintech 254

Fintech Mobile Examples Policies 254

PYMNTS

JANUARY 30, 2019

Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In a press release issued on Tuesday (Jan. In a press release issued on Tuesday (Jan.

Analytics 144

Analytics Lending Tools Community Bank 144

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.

Lending 131

Lending Fintech Groups Policies 131

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.

Fintech 81

Fintech Groups Lending Policies 81

PYMNTS

OCTOBER 23, 2019

Small business lending platform Biz2Credit is collaborating with consulting firm Infosys to expand its white label small business lending-as-a-service solution to more financial institutions. We look to partner with leading FinTechs such as Biz2Credit, which are at the forefront of online business financing.

Lending 104

Lending Analysis Innovation Policies 104

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. COVID may have accelerated things, but talk of booster shots and workplace policies wasn’t the most striking contrast at AOBA 2022.

Fintech 167

Fintech Customer Experience Conference Technology 167

Independent Banker

NOVEMBER 1, 2021

Community banks who are considering entering the small business lending space are already challenged by several barriers to entry: Inefficiency of traditional loan processing. Lack of quality lending opportunities to put their deposits to work. New competition from emerging categories (Fintechs, Challenger Banks, Neobanks).

Lending 91

Lending Community Community Bank Analytics 91

Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

Lending 186

Lending Community Bank Community Analysis 186

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Mr. Watkins discussed the CFPB’s proposal to revise its Trial Disclosure Policy and suggested that the program could be used to address a broad range of issues. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

PYMNTS

JANUARY 10, 2020

percent drop in share prices, and Netherlands payments firm PayU buys a majority stake in the India FinTech PaySense. Chamber of Commerce leader criticizes presidential candidates for proposed policies that “go after corporations.”. PayU Buys Majority Stake in India FinTech PaySense. The news triggered a 6.7

Fintech 131

Fintech Payments Policies Taxes 131

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. Monzo Across The Pond.

Fintech 108

Fintech Los Angeles San Francisco Examples 108

CFPB Monitor

JANUARY 24, 2022

The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country. The lawsuit, like previous CSBS lawsuits, challenged the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies or to uninsured deposit-taking fintechs.

National 78

National Fintech Company FDIC 78

PYMNTS

OCTOBER 2, 2018

Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. The loans are guided by their credit policy, carried on their balance sheets.

Lending 134

Lending Alabama Online System 134

CFPB Monitor

NOVEMBER 22, 2022

The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

PYMNTS

SEPTEMBER 25, 2017

The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks. A key driver of that growth is favorable government policies, researchers said, with regulators around the world exploring how to ensure borrower protections without stifling innovation.

Lending 100

Lending Regional Analysis Survey 100

CFPB Monitor

SEPTEMBER 11, 2018

Politico has reported that in remarks made at a fintech policy event last week, Andrew Smith, the FTC’s Director of Consumer Protection, indicated that fintech companies will be a focus of the FTC’s enforcement activities.

Fintech 68

Fintech Lending Policies Online 68

CFPB Monitor

AUGUST 24, 2020

We have previously blogged about the lawsuits filed by the Colorado Attorney General against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank. However, the bank may require the fintech to maintain a deposit account at the bank to secure fintech obligations to the bank, subject to specified limitations.

Colorado 78

Colorado Fintech Lending Online 78

PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. Now, a decade on, small business optimism is up in the U.S., Credit unions cannot invest more than 12.25

Lending 116

Lending Florida Report Community Bank 116

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending 195

Lending Data Regulation Community 195

Bank Innovation

MARCH 16, 2018

INV Fintech, Bank Innovation’s accelerator arm, has seen an increase in applications from India, and currently has two Indian companies in its accelerator. To facilitate the creation of an entrepreneurial and innovative ecosystem, the Government of India, through its premier policy Think Tank called the Niti.Read More.

Policies 375

Policies Innovation Fintech Company 375

PYMNTS

MARCH 29, 2019

For Ant Financial it would make sense to invest in the FinTech arm of Grab because it is expanding into Southeast Asia. billion in a venture funding raising round led by Softbank’s Vision Tech Fund and announced SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap. It recently raised $4.5

Fintech 152

Fintech Groups Google Policies 152

American Banker

NOVEMBER 3, 2023

This week the Small Business Administration followed through with a controversial policy change by granting access to its flagship 7(a) program to three additional nonbank lenders. These new participants vowed to ramp up their small-business lending efforts.

Policies 78

Policies Lending Fintech 78

PYMNTS

APRIL 30, 2018

Honesty is the best policy. It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

How To 195

How To Lending Software Survey 195

American Banker

DECEMBER 20, 2023

They look increasingly like predatory lending. States need to think twice about allowing earned wage advance programs.

Fintech 89

Fintech Lending Policies Compliance 89

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. Would you like other articles like this in your inbox? Stay up to Date.

Community 195

Community Lending Maine Resources 195

CB Insights

JUNE 29, 2020

Fintech funding stalled amid the Covid-19 pandemic as investors largely pulled back. Free Download: State of Fintech q1’20. Companies braced for the long-term impacts of Covid-19 as Q1’20 was one of the worst quarters in 2 years for VC-backed fintech. What does the fintech funding landscape look like at the moment?

Fintech 101

Fintech Regulation cryptocurrency Policies 101

CFPB Monitor

MAY 18, 2021

Access to Fed services is sought by fintechs and other non-traditional financial services companies because a Fed account, and direct access to Fed financial services, would dispense with the need for the non-bank to use a traditional bank as an intermediary with the Fed. payments, deposit-taking, and lending).

Fintech 78

Fintech Guidelines Policies System 78