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.

Groups 116

Groups Innovation Capital Leadership 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 graph below compares the loan repricing mix for banks under $2B in assets, over $25B in assets, and the national average over the last year.

Lending 195

Lending Community Bank Community Capital 195

PYMNTS

DECEMBER 23, 2019

More should be learned from the rise and fall of the peer-to-peer (P2P) lending sector, during which regulations were not introduced quickly enough, said economics professor Huang Yiping at the National School of Development of Peking University to Reuters. China is set on being a world leader in artificial intelligence.

Regulation 202

Regulation Groups Policies Big Data 202

PYMNTS

MARCH 19, 2019

The country’s regulators have gotten tough on the shadow banking market in recent years. However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. Of those defaults, private groups comprised more than ¥16 billion. China’s $9.1

Lending 100

Lending Regulation Maine Regional 100

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. Liberis Group. FIS merchants in the U.S.

Lending 131

Lending Florida Capital Fintech 131

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. Anil Ambani , group chairman of the non-bank financial company (NBFC), revealed the firm’s plans on Monday (Sept.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

DECEMBER 11, 2020

These interactions must give consumers the impression that they are still transacting with the same bank regardless of which channel they have chosen to use, said Eric Schuppenhauer , president of consumer lending and national banking at Citizens Financial Group.

Groups 169

Groups Mobile Tools Branding 169

PYMNTS

MAY 8, 2020

The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point. Most small businesses don’t have a lending relationship with a bank.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. Carpenter currently serves as chairman of Pacific Mercantile Bancorp and as a consultant to the group through his Carpenter & Co. According to a Wednesday (Nov.

New York 100

New York National FDIC Lending 100

CFPB Monitor

OCTOBER 4, 2022

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area). unlikely to be caused by chance) and sizeable.

New Jersey 147

New Jersey Lending Community National 147

CFPB Monitor

SEPTEMBER 22, 2022

Expressing a range of concerns, several key industry groups submitted comments to the Federal Trade Commission (“FTC”) last week regarding its proposed rule that would impose new substantive and disclosure obligations on auto-dealers in the auto finance process.

Regulation 148

Regulation Groups Customer Experience Retail 148

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Payments 263

Payments Resources Lending Online 263

PYMNTS

FEBRUARY 19, 2019

.” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes. making it one of the nation’s first new community banks in years. Bank mergers aren’t the only factor behind closing bank branches, however.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In the banking sector at large, lenders are lending and shadow banks might be, too. The junk market, so to speak, is worth as much as $2.3 Bankers Should Mull Risks of Junk. Think of it as a race to the bottom, they stated.

National 100

National California Regulation United States 100

PYMNTS

NOVEMBER 15, 2018

billion in small business loans from non-bank lenders to increase availability of working capital for the nation’s SMBs. ” Reports noted that bank lending to small firms has constricted in recent years amid market pressures to reduce risk exposures. . Smaller banks, meanwhile, cannot sell debt to other parties.

Lending 146

Lending National Capital Analysis 146

PYMNTS

MARCH 22, 2017

According to the latest data out of auto lender Ally Financial, the auto lending segment seems to be encountering some engine trouble — brought on largely by rising defaults and falling used car prices. on the other hand, makes nearly all its consumer auto loans to this group.

Lending 100

Lending Taxes National Data 100

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. 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. According to CB Insights, US fintechs raised $14.6B

Fintech 213

Fintech Los Angeles Lending Analytics 213

PYMNTS

OCTOBER 1, 2018

Reports in Bloomberg said Infrastructure Leasing & Financial Services (IL&FS) Group, a top financier of infrastructure projects, now faces a special audit from the Reserve Bank of India (RBI) after an August default shook the markets. Now, government regulators are examining the credit-rating market, too.

Marketing 108

Marketing Regulation Leadership Groups 108

PYMNTS

NOVEMBER 27, 2018

Business Insider Australia said Monday (November 26) that Credit Suisse has provided the credit facility worth AUS$350 million to fuel Judo’s small business lending operations. At the time, it was the second-largest fundraising round for a pre-revenue startup in the nation’s history.

Lending 134

Lending Capital Fintech National 134

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. That last measure aims to ensure that banks lend money and provide banking services to underserved and minority consumers.

Regulation 349

Regulation National System Industry 349

PYMNTS

MARCH 5, 2019

Heightening efforts among policymakers across the globe to expand customer protections in the financial services (FinServ) space have largely left small business (SMB) banking and lending untouched. Markets Bypass SMB Borrower Protections. ” Earlier this year, the U.K. Lawmakers Take A Look.

California 153

California Fintech Lending Regulation 153

PYMNTS

MARCH 29, 2020

Emails advertising personal and small business loans have dropped off, according to the market research firm Competiscan, the WSJ reported. There is no model that can predict today if I lend $1, will I get paid back?”. Square and On Deck Capital are among the FinTechs planning to follow suit in the coming days.

America 198

America Capital Cards Lending 198

CFPB Monitor

APRIL 29, 2015

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation.

Lending 60

Lending Report Policies Compliance 60

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

Fraud 78

Fraud National Security social media 78

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

Independent Banker

AUGUST 31, 2022

Members of Ledyard National Bank lend a hand to Willing Hands, a nonprofit dedicated to feeding those in need. For its 30th anniversary, Ledyard National Bank decided to ask 10 local nonprofits to enter a video about their work into a contest for the opportunity to win $10,000 and expand their visibility. By Tiffany Lukk.

Video 91

Video Community National Vermont 91

Jeff For Banks

FEBRUARY 20, 2016

On February 14-17 the American Bankers Association held their National Conference for Community Bankers. The format was to first ask a couple of group questions. Did their markets support their growth aspirations? Did their markets support their growth aspirations? The second group question regarded capital.

Conference 60

Conference Community National Millennials 60

PYMNTS

MARCH 10, 2020

In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge. Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack.

Data 193

Data Lending Capital social media 193

South State Correspondent

APRIL 10, 2023

Fair value accounting measures assets and liabilities at current market value instead of historical or amortized value. The graph below shows loan repricing buckets for three asset-sized groups of banks: under $1B, $1B to $3B, and over $25B in assets. in Tier 1 capital.

Community Bank 195

Community Bank Community Security Capital 195

PYMNTS

JULY 1, 2019

But the Royal Commission advised that regulators should make sure its use does not take the place of thorough customer checks that comply with the rules for responsible lending. In separate non-consumer lending news from Australia, the government announced last year a new initiative to support small business finance, per reports in November.

Lending 100

Lending Regulation National Report 100

CFPB Monitor

SEPTEMBER 21, 2015

Agnani, Director of Policy and Civic Engagement, National Coalition for Asian Pacific American Community Development, Washington, D.C. Hall, Executive Vice President, PNC Financial Services Group, Pittsburgh, Pa. Hughes, Senior Vice President of Card Marketing, Discover Financial Services, Deerfield, Ill. Dr. Raul A.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

PYMNTS

JULY 2, 2018

Reports in The Australian Financial Review on Friday (June 29) said that six alternative lending players have committed to sign a “code of lending practice,” a move that garnered praise from the nation’s small business ombudsman.

Lending 100

Lending Comparison Fintech Compliance 100

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets.

Fintech 166

Fintech New York US National 166

South State Correspondent

JUNE 9, 2022

Community banks do not need to buy new businesses to increase fee income; instead, we think they have to analyze where additional fee income possibility exists, focus on customer acquisition that generates additional fee income, and structure loans to take advantage of substantial hedge fee potential in today’s market.

Community Bank 195

Community Bank Community Comparison Fintech 195

Perficient

JULY 11, 2022

According to a survey by Lending Tree , nearly 70% of BNPL users admit to spending more on purchases when BNPL is an option than they do if they have to pay for everything upfront, bringing up the average value per order and resulting in higher profits for participating merchants.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

OCTOBER 31, 2018

CYBG, which recently acquired Virgin Money with plans to ramp up small business lending, is facing a heightened legal challenge from small businesses accusing the institution of forcing some small firms into insolvency. The group announced that its membership is nearing 500, with hundreds more expected to join.

Exercises 116

Exercises National Branding Lending 116

Independent Banker

JULY 31, 2022

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

Florida 91

Florida Community Bank Community FDIC 91