Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

Fintech 201

Fintech Los Angeles Lending Analytics 201

PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. Those definitions stretch across peer-to-peer (P2P) lending or marketplace lending, for example.

Fintech 195

Fintech Lending Regulation Survey 195

BankInovation

JUNE 10, 2022

An academic paper studying anonymized administrative data from fintech lender Upstart Network found its alternative credit-decisioning model could widen the pool of potential borrowers more than traditional credit models.

Lending 52

Lending Study Fintech Data 52

Bank Innovation

JUNE 11, 2019

According to a new study commissioned by Divido, a white-label platform for point-of-sale lending, three of four traditional lenders identified losing ground to new entrants like Affirm and Klarna as a top concern for their business. Upstart lenders, including startups that offer checkout loans, are rattling incumbents.

Fintech 186

Fintech Lending Study Cards 186

PYMNTS

JANUARY 2, 2020

Founded in 2018 by former Santander and Atom Bank executives, the FinTech has applied for its banking license. The funding will be used to introduce B-North’s regional “Lending Pods” across Manchester in the second quarter of 2020. Each pod will have critical information that businesses need to understand borrowing requirements. . “B-North’s

Lending 131

Lending Regional Study Fintech 131

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

Bank Innovation

MARCH 27, 2017

Banks’ fear of fintechs has (mostly) receded, but banks are still keeping an eye on the new entrants. In fact, according to a new study by The Economist Intelligence Unit, banking executives expect fintechs to gain the most marketshare in mortgage lending, as well as consumer finance and credit, including car and payday loan products.

Fintech 150

Fintech Marketing Study Lending 150

Bank Innovation

SEPTEMBER 25, 2017

Australia has become the second largest market for alternative lending due to the country’s favorable regulations for lenders. This is according to new data by financial regulator KPMG, in tandem with the Australian Centre for Financial Studies, which shows that the market grew over 50% within the last year.

Lending 170

Lending Marketing Study Regulation 170

Chris Skinner

SEPTEMBER 12, 2018

The reason I raise it is that I … The post China’s blood on the carpet in P2P lending appeared first on Chris Skinner's blog.

Lending 310

Lending US System Case Study 310

PYMNTS

JULY 7, 2020

The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions (FIs) began pulling back and FinTechs and digital players stepped up in the space. Outdated Lending Practices Fail To Meet SMBs’ Current Needs .

Lending 138

Lending Study Industry Tools 138

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The proposed rule changes come in the wake of a 2016 study of regulations that govern the sector, which dates back to 2014.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. SMB Lending Risks. Many FinTechs are using these ML applications to accelerate their financing approval processes.

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Instant Loans And The Speed And Security Balancing Act.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JANUARY 26, 2021

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. Moreover, the study discovered that 54.6

Retail 239

Retail US New Jersey New York 239

PYMNTS

JANUARY 13, 2021

Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Consumerization Continues.

Fintech 130

Fintech Customer Experience Lending Risk Management 130

PYMNTS

SEPTEMBER 14, 2016

Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. Comptroller Thomas Curry, speaking at an industry conference, said the agency may grant limited charters to FinTech companies.

Lending 100

Lending Regulation Conference Study 100

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

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Liu pointed out that the online database of the aforementioned state licensing and FinTech guidance will go live later in 2019.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. based economic research firm.

Lending 103

Lending Online Community Washington 103

Gonzobanker

FEBRUARY 19, 2020

Fintechs can provide better design capabilities, improved customer experience, research states. Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. The annual What’s Going On In Banking study explores how senior executives from 300 U.S.-based

Strategy 103

Strategy Fintech Study Customer Experience 103

PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. FIS merchants in the U.S. Liberis Group.

Lending 131

Lending Florida Capital Fintech 131

PYMNTS

SEPTEMBER 14, 2018

Cuomo on June 1, 2017 required DFS to study online lending in New York State and submit a report of its findings. The news comes as the department was recommending in July that online lenders be subjected to the same scrutiny and regulations that traditional banks face. A bill signed by Governor Andrew M.

New York 173

New York Fintech Lending Regulation 173

PYMNTS

DECEMBER 17, 2019

Bank study, nearly one-third of SMBs fail due to cash flow problems directly (i.e., CircleUp’s lending platform was founded in 2017 to fill that hole and has underwritten about $300 million in loans since then. CircleUp is not, however, the only FinTech player eyeing the larger SMB market. According to a U.S. The first is focus.

Lending 132

Lending Data Retail Capital 132

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. In The Middle East.

Fintech 166

Fintech New York US National 166

Gonzobanker

FEBRUARY 26, 2019

Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. Heck, we weren’t even three weeks into 2019 when Fiserv ’s $22 billion proposed First Data acquisition—one of the biggest fintech deals ever —was announced to the Street. Lending: Mashing Up Analytics & Digital.

Fintech 98

Fintech Analytics Lending Case Study 98

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. About two-thirds of survey respondents said Australia’s regulatory climate is appropriate for the alternative lending industry. percent of the total Asia Pacific market, reports said.

Lending 100

Lending Regional Analysis Survey 100

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups.

Community Bank 98

Community Bank Community Fintech Leadership 98

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

PYMNTS

DECEMBER 4, 2019

Using income and spending data can open up access to credit, a September FinRegLab study indicated. The study analyzed information from FinTechs like LendUp Global and Petal Card that extend loans based on alternative data. It’s helpful to have the agencies weigh-in,” Kelly Cochran, deputy director of FinRegLab, told WSJ.

Regulation 136

Regulation social media Study Data 136

Abrigo

JANUARY 13, 2020

Cross-selling to stem “hidden defections” represents huge untapped opportunities for institutions, according to a study by Bain. For example, the study found that in the U.S., A separate study by Bain & Co. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Learn More.

Lending 150

Lending Study Survey Community 150

PYMNTS

NOVEMBER 27, 2019

The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance. A recent study on the region showed that almost 65 percent of entrepreneurs in the UAE think banking is their biggest challenge. However, that’s changing. New Venture.

Fintech 167

Fintech Regional Regulation ATM 167

Bank Innovation

FEBRUARY 20, 2019

Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out.

Study 284

Study Analysis Marketing Operations 284

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. EXCLUSIVE – Young Americans are bad when it comes to setting aside money for retirement. The solution?

New York 258

New York Study Fintech Lending 258

Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. It has more than 80 fintech partnerships including Coinbase, Upgrade, Affirm, Best Egg, Divvy, Rocket Loans and Stripe. Cross River is a household name in Banking-as-a-Service (BaaS).

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open Banking FinTech Enfuce this week announced a partnership with financial crime and fraud management company Featurespace.

Fintech 192

Fintech Fraud Data Lending 192

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108