PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. Google could be in the running, too, she added. “If

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PYMNTS

FEBRUARY 15, 2018

Amazon is partnering with Bank of America Merrill Lynch to expand its lending program for small businesses. Amazon Lending is an invitation-only program that offers loans of $1,000 to $750,000, with terms of up to a year, for companies that might have issues getting traditional business loans.

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PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing.

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Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Target auto-debit at 90%+ in all small business digital lending processes.

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PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

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BankInovation

FEBRUARY 23, 2023

Arvest Bank launched an equipment finance lending product on cloud-native core banking platform Thought Machine.

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Bank Innovation

JANUARY 22, 2020

Chief Operating Officer Paul-Henri Ferrand told Bank Innovation that the company aims to add insurance, lending and treasury products. “We’re building our operating system around our real-time underwriting and our financial stack. We think we can […].

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PYMNTS

DECEMBER 7, 2020

operations to PNC Bank , creating the fifth-largest regional player in the U.S. Big Tech players such as Google make inroads into banking (through the recently announced Google Plex , for example, which integrates checking accounts into the Google app).

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Google Examples Regional Lending 282

Bank Innovation

DECEMBER 3, 2018

Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have shaken up the banking landscape and automation has become the norm in various aspects of banking with banks like using it in the backend of credit decision-making and lending. But which Bank Innovation stories caught […].

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PYMNTS

JANUARY 13, 2017

The alternative lending industry continues to scoff at doubters, and the latest B2B venture capital roundup suggests confidence is growing in the space — and not just in the U.S., Last month was a booming time for alternative lending when top names, like BlueVine, scored hefty sums. Alt-Lending. and across Europe and the U.K.

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Bank Innovation

APRIL 8, 2019

Upstart, an artificial intelligence lending startup, today announced a $50 million equity investment to expand its artificial intelligence-powered platform to other types of credit beyond unsecured personal loans.

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Lending Google Innovation Operations 170

PYMNTS

MARCH 18, 2016

The alternative small business lending market took home the biggest slice of cake this week with about $33.5 But it was the big names from Google, Cisco and Hewlett-Packard that made for the week’s largest enterprise-focused venture capital round. million worth of venture capital across two deals. SME Finance. and Europe.

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Lending Capital Google Security 100

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Investors on Monday (June 27) provided $10 million to D3 Banking for it to further its research and development operations, reports said. Alternative Lending. Lendingkart.

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PYMNTS

SEPTEMBER 9, 2019

The app has e-wallet capabilities, digital lending services and wealth and insurance management. The biggest lender in the country, Siam Commercial Bank, is teaming with Sea Thailand to grow online lending and payments. JD.com also recently teamed up with Google to launch a store on Google Express.

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Groups Google Lending Online 125

PYMNTS

AUGUST 27, 2019

An unnamed source told the publication that Google and Amazon were in advanced talks with Bharat Pe to invest in the Series B round, though the FinTech’s founders decided not to further dilute their shares in the firm. Reports said that this small business lending operation is key to BharatPe’s profitability.

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PYMNTS

JANUARY 21, 2021

Can you imagine Google, Apple or … Amazon taking a year and a half, or even more to implement a new technology?” Banks must grapple with the ongoing challenges of day-to-day operations, technology — and especially regulations — amid any new effort. Cohen asked. It’s unthinkable.”. Launching Into New Markets.

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Management User Experience Innovation Fintech 303

PYMNTS

APRIL 20, 2016

Today’s 5-In-1 has the latest numbers from Google about sites being hacked, some pretty big price tag potential for the future of unattended retail, the latest figures from the CFPB about hidden payday lending fees, what the EU is accusing Google of, and numbers that show the impact of Amazon’s latest fashion tie up.

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Data Google New York Lending 100

PYMNTS

DECEMBER 8, 2019

Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. Asset management, payments and lending are being offered by Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent — all which have colossal databases.

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Regulation Data Google Fintech 131

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

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PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs).

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Regulation National System Industry 349

Jack Henry

JULY 29, 2022

As we speak, tech behemoths like Google and Amazon continue to take an innovative approach to customer engagement and expansion. A Celent report even notes that Amazon has been recently negotiating with big banks to launch a checking account, and the company has also formed a mortgage lending unit. *.

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User Experience Google Lending Industry 78

CB Insights

NOVEMBER 6, 2018

While beauty conglomerates like L’Oréal are making acquisitions to become more tech-enabled, tech giants like Google, Amazon, Facebook, and Apple (GAFA) are pursuing the high margins in beauty through partnerships, consumer insights, e-commerce, and more. Beauty brands partner with Google Assistant and Home. Source: Think with Google.

Google 72

Google Apple Industry Branding 72

PYMNTS

SEPTEMBER 21, 2018

The departure will conclude nearly seven years in the position for Meissner, who spearheaded a “reshaping” of corporate and investment banking operations following its merger with Merrill Lynch post-financial crisis. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations.

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America Samsung Mobile Operations 135

Abrigo

MAY 5, 2022

million podcasts in the world, you might find it daunting to weed through the lists on Apple Podcasts, Spotify, Google, or other platforms to find the best banking podcasts. It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations. Indeed, with 2.8

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PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consider the fact that Google has said it would offer checking accounts. Against that backdrop, it seems that at least one goal is to boost the stock price.

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Report Apple Lending Cards 134

PYMNTS

AUGUST 27, 2018

Volkswagen has a $4 billion plan for connected and autonomous vehicle technology, one that includes a proprietary software operating system and will support car sharing, delivery and other services. A “new software operating system, to be known as ‘vw.OS’ … will be introduced in VW brand electric cars from 2020 onwards.”.

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Software Google Detroit System 100

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consider the fact that Google has said it would offer checking accounts. Against that backdrop, it seems that at least one goal is to boost the stock price.

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Apple Lending Cards Report 132

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. peer-to-peer or Marketplace) and lending vertical.

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Bank Innovation

FEBRUARY 17, 2016

Google today relaunched its Google Ideas think tank as Jigsaw, a technology incubator, and the new venture has several projects aimed squarely at some of banking’s thorniest issues. Officially, Jigsaw’s “mission is to use technology to tackle the toughest geopolitical challenges.”

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Google Examples Technology Operations 225

PYMNTS

MAY 11, 2018

Also landing on the board this week are alternative lending, expense management, cybersecurity and blockchain players. Alternative Lending. Operating in the trade finance market, CCRManager announced $6.5 Check out the latest investment rounds below. CCRManager. Expense Management. Blockchain.

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Analytics blockchain California Lending 109

PYMNTS

MARCH 27, 2019

It’s what makes sellers feel comfortable with lending their personal properties to buyers whom they have never met. The Outdoorsy platform enables America’s approximate 18 million RV owners to lend their vehicles during the 97 percent of the time that they sit unused on the front lawn. Trust keeps the sharing economy afloat.

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Payments Case Study Lending Study 145

PYMNTS

APRIL 16, 2019

While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of former Google staffers actually started with a solution. Today, Upstart is a profitable firm, which means it didn’t need to raise $50 million to fund operations. Expanding Access to Credit With AI.

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Kansas City Lending Omaha Kansas 223

PYMNTS

JANUARY 2, 2020

The Hong Kong-listed Razer created a consortium to form Razer Youth Bank with Singapore startups and Asian billionaires, including local supermarket operator Sheng Siong Holdings and early-stage tech venture capital firm Insignia Ventures Partners. Google and Temasek Holdings. .

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Digital Banking Capital Google Cards 130

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 He said the challenges came in the form of lending money, which became much more expensive to do after new regulations were put in place. percent or 1.8 Chase reached 8.7

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PYMNTS

MARCH 29, 2019

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 is also aiming to operate one of the largest merchant networks and become the largest insurtech policy provider within one platform.

Fintech 152

Fintech Groups Google Policies 152

Jack Henry

AUGUST 21, 2019

As we speak, tech behemoths like Google and Amazon continue to take an innovative approach to customer engagement and expansion. A Celent report even notes that Amazon has been recently negotiating with big banks to launch a checking account, and the company has also formed a mortgage lending unit. *.

User Experience 104

User Experience Google Lending Industry 104

PYMNTS

SEPTEMBER 25, 2019

The interview happened during a time of expansion and aggressive future planning for the company, a small business and consumer micro-lending technology company that operates in Nigeria. Nigerian banks don’t like to lend,” Hainy said. That’s not all. There is no Pan-African digital bank,” Hainy said. “So One-Stop Shop.

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