PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

SEPTEMBER 25, 2020

HSBC To Staff: Stay Off Bank’s Social Media Accounts . The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept. The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept.

Maine 153

Maine social media Atlanta Massachusetts 153

Independent Banker

MARCH 31, 2022

Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

SEPTEMBER 28, 2020

The Predatory Lending Trap. This can come with a whole host of other problems, although some regulators have taken steps to broaden the scope of borrower protections to include SMBs. This could be an opportune moment in the history of FinTech and alternative lenders, however. It's a juggling act.".

social media 215

social media Capital Fintech Operations 215

Bank Innovation

SEPTEMBER 8, 2017

Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. China’s first online-only insurance company hopes that the IPO will raise as much as $1.5 billion USD.

Company 231

Company Regulation Online social media 231

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. It seems that every few weeks another FinTech is seeking a banking license in the U.K. Regulations like Know Your Customer (KYC), for instance, mean challenger banks must get creative with their compliance efforts. “In

Compliance 110

Compliance Innovation social media Lending 110

PYMNTS

MARCH 22, 2019

“Based on our learnings from that experiment, we actually decided to make meaningful improvements in the existing rails by leveraging the payments ecosystem, and within that ecosystem, we are considering the FinTechs as well or the regulators around the world as well, including SWIFT,” said Gulru Atak, who helms the lab.

Bitcoin 123

Bitcoin social media Lending cryptocurrency 123

Bobsguide

MARCH 28, 2022

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

Innovation 60

Innovation Lending social media Retail 60

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. There are several ways for banks to elevate their game—fintech houses, neobanks, alternative lenders, in-bank labs. Fintech Houses. They become students of the game. Everything.

Innovation 60

Innovation Fintech social media Knowledge Base 60

Fintech Labs Insights

JANUARY 7, 2016

Social media financial compliance specialist Gremln raised $1.4 The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). Social media management & compliance for financial institutions . One Finovate alum added cash at year-end: . HQ: Bejing, China.

St. Louis 12

St. Louis social media Company Fintech 12

PYMNTS

JUNE 27, 2017

FinTechs that want to successfully innovate in the payments space need to make sure they’re focused on the market, its needs and its pain points — and make sure their technologies are true painkillers that solve these problems. However, these requirements can also make operations more challenging for businesses.

Innovation 145

Innovation System Mobile Trends 145

Fintech Labs Insights

JUNE 18, 2015

Finovate alum, Azimo landed the biggest round outside the lending sector, $20 million at a $100 million valuation. All told, 12 fintech companies raised $205 million ($105 million equity, $100 million debt) this week. P2P mortgage lending. Tags: Risk management, security, regulation, compliance. Year-to-date, $7.7

San Francisco 12

San Francisco Company Fintech Albuquerque 12

Gonzobanker

MAY 30, 2017

The busiest expo booths were one-off specialists like lending analytics campaign provider Intuvo and digital banking provider Alkami talking about applying data. Are you doubled down chasing unstructured social media data? The more specific and applied the use case, the better. This is the exciting apex of hot crazy.

Analytics 71

Analytics Data System social media 71

Banking 2020

MARCH 26, 2015

Furthermore, the CFPB is expected to give clear guidelines on using SMS, email, and social media in debt collections. A clear rule from the CFPB, no matter how restrictive the guidelines may be, means an open race to using digital media and its advantages: real time communication, 24/7 availability, data feedback and more.

Industry 40

Industry Guidelines social media Technology 40

South State Correspondent

MAY 2, 2022

Your bank might have introduced a new product, but very few banks go back and try to improve an existing product unless forced to by the regulators or changes in technology. Instead of thinking about how you can grow customers, the commercial lending team often thinks about increasing loans. Funnels Create Strategic Confusion.

social media 195

social media Management Marketing Resources 195

Gonzobanker

DECEMBER 19, 2017

FinTech threats and distractions. Heavy-handed regulators. While the darling of FinTech conferences, this divestiture seems primarily driven as a means of Customers delaying the $10 billion Durbin hit and maintaining quarterly EPS expectations from the Street. The Real “Lending” Stock Award – Goes to longtime player LendingTree.

Conference 90

Conference Industry Community Bank Community 90

William Mills

SEPTEMBER 9, 2016

An App Store for FinTech applications. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. International lending platform – Create opportunities for Investors.

social media 40

social media ATM Mobile Customer Experience 40

FICO

MAY 5, 2021

As a result, there's a tendency to over-compensate when lending to SMEs, due mainly to lack of viable application information, lack of industry knowledge, gaps in financial performance, or missing collateral guarantees. But the drive to digitisation alone will not be enough to close it without new lending sources. Technology.

US 52

US Lending social media Maine 52

Gonzobanker

NOVEMBER 18, 2014

Vaynerchuk delivered our second favorite Gonzo quote of the event (keep reading for the first favorite), “The adage ‘We’re regulated’ is a scapegoat from doing cool s**t.” Fintech by the numbers: 5 CEOs, 10 stage lights, 2 flat panels, and 6 amps (with Hendrix-esque feedback). Where are the signings? Online delivery?

Chicago 97

Chicago Retail Branch Design Training 97

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments.

Conference 195

Conference Payments Fraud Data 195

FICO

AUGUST 28, 2017

Alternative data is a hot topic, in part because of the data explosion of the last few years, and in part because of the drive in lending for financial inclusion. Social Profile Data. The chart below shows the result of one project FICO did for a personal lending origination portfolio. Multiple Types of Alternative Data.

Data 52

Data Analytics social media Technology 52

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

Lex Sokolin

SEPTEMBER 16, 2020

Another way to put it is that features which institutions find compelling, such as heavy compliance, deep workflows, enterprise support, and backwards compatibility with 40 year-old software, are orthogonal to features that consumers find compelling, such as simple interfaces, availability in the Apple app store, and social media connectivity.

Google 52

Google Data Software Comparison 52

Fintech Labs Insights

SEPTEMBER 25, 2016

Is it fair to judge a fintech conference based on the way it reflects, anticipates, and even uncovers what’s most important in the field? We think so – and we were once again impressed by the way FinovateFall this month helped spread the story of fintech in the second half of 2016. New ACH regulation.

blockchain 12

blockchain Trends Fintech Cards 12

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. No one has been more successful at using social media to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond).

Community Bank 60

Community Bank Apple Community Technology 60

South State Correspondent

JUNE 13, 2022

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. The result is an unrealistic view of risk that deceive both management and the regulators into believing the bank has a solid risk plan when in fact, they do not.

Risk Management 195

Risk Management Examples social media Management 195

Lex Sokolin

AUGUST 19, 2020

The results say more about consumer Fintech investing than about any company in particular. Next came the arithmetic of how much these companies raised, and how together they have 15 million users and $10 billion of European Fintech unicorn enterprise value. lending is hard during a global pandemic! That’s really high?—?lending

Comparison 52

Comparison Fintech Lending Analysis 52

Gonzobanker

DECEMBER 20, 2018

We’ve simultaneously disdained and feared the fintechs, artificial intelligence and blockchain consortia. Caywood is a huge name in fintech with Starling being a recent industry darling around innovation. Banks Leveraging Fintechs Award. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit.

Fintech 101

Fintech Conference Innovation Community 101

Lex Sokolin

JULY 22, 2019

Home photo albums grew from a few dozen mundane, poorly composed pictures, to millions of images immaculately designed and filtered for social media. Lending Club charge-offs below illustrate the point by analogy. Or perhaps it is the trade-copy Fintechs like Covestor or Gimmer. It is a heavy burden. Looking for more?

US 40

US social media blockchain Examples 40

Lex Sokolin

JULY 22, 2019

Home photo albums grew from a few dozen mundane, poorly composed pictures, to millions of images immaculately designed and filtered for social media. Lending Club charge-offs below illustrate the point by analogy. Or perhaps it is the trade-copy Fintechs like Covestor or Gimmer. It is a heavy burden. Looking for more?

US 40

US social media blockchain Examples 40

PYMNTS

DECEMBER 5, 2016

They’re doing that at the same time regulators seem to be working overtime to put traditional banks at a competitive disadvantage. Transactional credit offered by fintech innovators takes the “good old days” of shopkeeper credit model to a new level by offering credit options for people and retailers – one transaction at a time.

Retail 100

Retail Payments Mobile Innovation 100

Lex Sokolin

OCTOBER 14, 2020

And this realization takes us to Lending Club. Peerless Lending Lending Club represents an era of Fintech credit. The core premise at its founding was to recreate the dynamics of the sharing and social media revolutions. And then you give up on peer-to-peer lending entirely. You’re a bank now anyway.

Lending 52

Lending User Experience Google United States 52