Payments Source

AUGUST 18, 2020

Jack Ma’s Ant Group is planning to create a new consumer finance company to bolster its market share in the country’s fast growing online lending industry.

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Groups Lending Online Industry 154

PYMNTS

AUGUST 21, 2020

As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to come, Bloomberg reported, citing unnamed sources. The news comes as Ant Group gained profits of $1.3 million in earnings for Alibaba Group Holding Ltd., Alibaba Group Holding Co.

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Groups Comparison Report Lending 157

PYMNTS

SEPTEMBER 21, 2020

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes public in the Hong Kong and Shanghai markets, sources told Bloomberg News. Ant Group declined to comment in an emailed statement. It contributed $433.7

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Groups Capital Regulation Operations 141

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. On Tuesday (Jan.

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Groups Regulation Lending Operations 141

PYMNTS

DECEMBER 27, 2020

Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec.

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Groups Regulation Payments Lending 225

BankInovation

MAY 14, 2021

RealKey launched its automated lending platform on Wednesday, entering a crowded market of fintechs that digitize and automate mortgage lending.

San Francisco 72

San Francisco Lending Marketing Tools 72

PYMNTS

MARCH 20, 2020

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. ’s experience is quickly influencing the way SMB lenders approach open banking in other markets like the U.S.

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Lending Data User Experience Fraud 233

PYMNTS

NOVEMBER 3, 2020

Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. Ant Group was looking to raise around $35 billion in proceeds from the offering. percent of Alibaba, which has a market capitalization of $775.5 5) as originally planned. Ma also owns 4.2

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Groups Regulation Meeting Lending 160

Independent Banker

JANUARY 31, 2022

The CARES Act of 2020 included a “Sense of the Senate” provision stating that the Small Business Administration (SBA) should issue guidance for lenders about prioritizing underserved groups for PPP loans. These groups include small businesses owned by minorities, women and veterans, as well as businesses located in low-income areas.

Lending 150

Lending Community Community Bank Compliance 150

PYMNTS

FEBRUARY 3, 2020

Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S., Goldman would use its latest lending technology to offer SMB loans on Amazon’s lending platform as soon as next month, two sources told FT. Financial Times reported on Monday (Feb.

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Lending Apple Cards Branding 131

PYMNTS

SEPTEMBER 18, 2018

The Innovative Lending Platform Association (ILPA) has added three members, according to an announcement made on Monday (Sept. Alternative lending companies BlueVine , Fundbox and 6th Avenue Capital have joined the ILPA, an alternative small business (SMB) lending trade organization.

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Groups Lending Capital Fintech 134

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

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Lending Fintech National Taxes 189

PYMNTS

AUGUST 15, 2019

He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K. Revolut has yet to introduce the service and German group N26 isn’t yet offering loans in the U.K. .

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Lending Los Angeles Digital Banking San Francisco 161

PYMNTS

NOVEMBER 4, 2020

China’s move to suspend Ant Group’s anticipated blockbuster initial public offering (IPO) likely came from the top echelon of the Chinese government, according to a report in the Financial Times. The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets.

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Lending Groups Regulation Marketing 240

PYMNTS

NOVEMBER 3, 2020

For Ant Group, for Alibaba, and for the biggest IPO ever, it’s a case of hurry up and wait. In a sign that the scrutiny might go on for a bit, Alibaba, which owns 33 percent of Ant, said through a spokesperson, “We will be proactive in supporting Ant Group to adapt to and embrace the evolving regulatory framework.

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Lending Meeting Groups Regulation 199

PYMNTS

AUGUST 15, 2018

That’s because, particularly in the last five years or so, CashCall’s existence has become somewhat more legally fraught as it increasingly faces the ire of consumer groups, judges and regulators over the products it offers. The California Court Loss. There’s no bright line,” she said. What’s Next.

Lending 101

Lending California Marketing San Francisco 101

CFPB Monitor

SEPTEMBER 6, 2022

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

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Groups Minneapolis National Lending 78

PYMNTS

FEBRUARY 3, 2020

And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses (SMBs) and even micro-sized businesses hawking pretty much everything under the sun — it might seem a “slam dunk” if, say, a financial industry powerhouse were looking to bring small business loans to a new market. The Challenge.

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Lending Apple Study Online 146

PYMNTS

AUGUST 29, 2017

As Australian regulators continue to press the nation’s largest banks for fairer small business lending practices, a new small- to medium-sized businesses (SMB) lending platform is headed for the market. Australian Finance Group said Monday (Aug.

Groups 109

Groups Lending Training Regulation 109

PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd.,

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

APRIL 3, 2020

The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as the world’s second-largest economy is set for the slowest growth since the 1970s. This has been the PBOC’s way to fix the lack of credit as businesses struggle to stay afloat during the COVID-19 crisis.

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Lending National Report Groups 136

Independent Banker

JUNE 30, 2022

Assessing best practices, rates, marketing efforts and more can position loan producers for future success in unpredictable market conditions. Banks need to evaluate the type of markets they are in today, where they have good market share and where they don’t. Learning about lending. Double down in core markets.

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Lending Strategy Community Bank Community 103

PYMNTS

MARCH 8, 2019

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy. “We don’t think we’re going to automate every lending decision,” said Doignie.

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Lending Strategy Capital Groups 118

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.

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Lending Fintech Groups Policies 131

Bank Innovation

APRIL 17, 2018

Santander InnoVentures, the fintech venture capital arm of Spanish bank Santander Group, made an undisclosed investment in Brazilian fintech Creditas. The investment in Creditas, a digital online lending platform, marks Santander’s first venture into the Brazilian fintech landscape.

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Fintech Marketing Lending Capital 170

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

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Lending Community Bank Community North Dakota 91

PYMNTS

SEPTEMBER 3, 2019

The Bank of England released new data late last week warning that business bank lending in the country hit its lowest rate in nearly two years in July. billion decline in net lending to companies in the month driven by the $2.43 July saw a 3 percent growth rate in business bank lending, compared to 4.4 percent the month prior.

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Lending Meeting Capital Industry 116

South State Correspondent

MAY 23, 2022

While every bank’s mix of deposits and loans is different, community bankers should consider some common themes in the market when optimizing their balance sheet loan portfolio. The top three bands (grouped by the gullwings) are fixed-rate loans, and the bottom three bands (also grouped by the gullwings) are floating and adjustable loans.

Lending 195

Lending Community Bank Community Capital 195

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

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Groups Innovation Capital Leadership 116

PYMNTS

JULY 22, 2019

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. We view Venture Banking and Lending as an attractive loan and deposit growth vehicle, and we’re excited to be in the market with these new capabilities.”.

Lending 100

Lending United States Boston Capital 100

Perficient

DECEMBER 1, 2022

Across industries, so much of marketing effectively comes down to timing — appealing to the right person, at the right place, at the right time. Timing for marketing financial services and products as a financial advisor is especially crucial, as many financial needs follow the timeline of milestones in an individual’s life.

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Taxes Customer Experience Marketing Compliance 294

PYMNTS

OCTOBER 2, 2018

Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. Avant’s consumer-facing product is devised as a digital alternative to that market. A Better Option For Banks.

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Lending Alabama Online System 134

PYMNTS

JULY 16, 2019

Another industry player, City of London Group, is slated to submit its U.K. banking license at the end of the year to launch a new bank dubbed Recognise, a report in ProactiveInvestors said Monday (July 15), as it works to introduce a new small business service to the market. ” The company posted losses of $4.51

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Groups Strategy Lending Meeting 100

PYMNTS

OCTOBER 27, 2019

lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer.

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Lending South Dakota North Dakota Wyoming 103

Abrigo

DECEMBER 21, 2016

By Eric Baxley, Chief Marketing Officer, Sageworks I visited 20 customers (banks and credit unions) across the U.S. Grow their loans, focusing on small business lending with a software solution that supports this growth. In the spirit of listening to our customers, we recently announced a new small business lending platform.

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Lending Software Data Online 150

PYMNTS

JANUARY 18, 2019

17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business grew. In the consumer group, revenues were up 11 percent to $5.6 American Express posted earnings results on Thursday (Jan. billion were below expectations $10.6

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Lending Cards Groups Operations 135

FICO

OCTOBER 22, 2020

Home Credit Group , which lends to underserved customers with little or no credit history, has chosen FICO® Decision Optimizer , part of the FICO® Platform , to further improve its lending offers in multiple markets. The advanced technology enables us to boost our competitive edge across our markets.”.

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Groups Lending Risk Management Analytics 96