PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. It encouraged banks to develop their own digital lending solutions and collaborate with their one-time rivals to step up the borrowing experience for SMBs.

Lending 130

Lending Regulation Capital Industry 130

Bank Innovation

JULY 11, 2016

The following is an email exchange with Glenn Goldman, a pioneer in alternative lending and CEO of Credibly, an online lender to small businesses. More regulation is likely coming to SMB online lending. How do you respond to this?

Lending 150

Lending Online Regulation Industry 150

PYMNTS

FEBRUARY 25, 2019

The panel, which traces its genesis back two years, is comprised of two groups, focused separately on lending and payments, and is in turn part of CSBS Vision 2020. The panel, which traces its genesis back two years, is comprised of two groups, focused separately on lending and payments, and is in turn part of CSBS Vision 2020. “As

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Late last week, the U.S.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. None of the information on the database, which held 86 million lines of daily updating records of the lending platform, was encrypted.

Regulation 108

Regulation Bitcoin New York Online 108

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 Regulation Study 170

Abrigo

APRIL 19, 2016

banks incorporate “responsible innovation” as they adapt quickly to these advances, but what exactly does that mean? In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

SEPTEMBER 3, 2019

Today in the payments news roundup, transformative innovations in payments and commerce are making the visible, invisible. And regulators are taking a close look at payroll advance apps. Why Invisible Will Make 2020’s Payments Innovation Roar. Report: The Risky Business of Navigating Online Sales Tax for Merchants.

Innovation 101

Innovation Data Taxes Payments 101

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

California 78

California Regulation CA Utah 78

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

NOVEMBER 5, 2019

Instant Payment Challenges In Online Lending. Borrowers face two key stages in the lending process: getting approval for their loans and receiving the funds. The collaboration leverages the latter’s infrastructure to authenticate applicants within 10 minutes, eliminating many common lending process frustrations.

Lending 102

Lending Payments Security Fintech 102

PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. The need to streamline new product development is especially urgent as banks have had to pivot to online channels amid the pandemic.

Management 303

Management User Experience Innovation Fintech 303

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. 22) said that a survey of 600 online alternative finance firms across the Asia Pacific found that Australia’s market grew 53 percent in the last year alone.

Lending 100

Lending Regional Analysis Survey 100

PYMNTS

FEBRUARY 9, 2017

Small business finance is one of the most competitive, innovative and challenging markets in which to operate. That dedication and focus is what led Fundbox to secure gold in the PYMNTS.com Innovation Project 2016 Awards category of Best Small Business Innovation. We think of ourselves as providing innovative solutions.

Innovation 100

Innovation Fintech Regulation Lending 100

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

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. PYMNTS asked which countries might be a model and a template for innovation for Canada.

Regulation 103

Regulation Bitcoin Innovation Study 103

PYMNTS

DECEMBER 9, 2019

Also, as big tech moves into the financial services industry, regulators call for more “vigilant monitoring” of its data use. Regulators Call for ‘Vigilant Monitoring’ of Big Tech’s Financial Data Use. PayPal’s Schulman: Why Payments’ Biggest Innovations Are Yet to Come. Goldman Plans to Launch Robo Advisor Next Year.

Regulation 131

Regulation Data Apple Payments 131

PYMNTS

JULY 30, 2019

Granting of the three virtual banking licenses follows moves by regulators in other Asian markets to issue such licenses as internet banks continue to challenge traditional consumer banking, according to the report. . Online banking firms in Asia are not only looking to facilitate competition but also and drive innovation in their markets.

Trends 173

Trends Digital Banking Innovation Online 173

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. Impact of technology Banking industry lessons from Southwest Airlines According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

Technology 195

Technology Lending Community Software 195

PYMNTS

NOVEMBER 4, 2020

NEW DATA: Five Payments Innovations For Winning The Digital-First Shopper. Tens of millions of Americans are now going online to buy everything from groceries to retail products, but a cookie-cutter approach to digital innovation won’t ring the register. Ant’s IPO Journey Faces Regulatory Hill — Is Lending In Crosshairs?

California 196

California Payments blockchain Lending 196

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.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JULY 20, 2017

Keith Noreika, the temporary head of the Office of Comptroller since May, is defending an idea that first came up under his predecessor Tom Curry: offering online lenders and FinTech startups banking charters. The OCC has been critiqued pretty heavily by state regulators since the proposal first surfaced a year ago.

Online 100

Online Regulation United States National 100

PYMNTS

JUNE 24, 2016

Online to offline coming to Walmart near you, and we mean that sincerely. Online lending . When the regulators come marching in, getting out of the way is usually a better idea. Remember there is one within 15 minutes of 90 percent of Americans. . A pretty clear-cut sizzle. The fizzle wears on. Costco Card.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

AUGUST 4, 2016

The alternative lending space is crowded — oversaturated, some may say — and in the U.S. regulation is likely headed its way. marketplace lender OnDeck, alternative lending is likely to be mainstream in Australia as soon as the end of the decade. “We are not concerned about regulation,” Bertoli stated.”If

Lending 100

Lending Regulation Data Payments 100

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Viewed from high levels, the activity itself (lending, that is), has taken off in some of the countries one might expect, marked by relatively higher incomes, and where financial regulation might be relatively less stringent.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

APRIL 26, 2016

Which brings us to payday lending and its proposed regulation – a subject that has turned out to be the Berserk Button for a shocking number of consumer right advocates, congressmen, regulators, Senators, preachers, industry representatives business people and consumers. So why all the fuss? The Typical Payday Lender.

Lending 100

Lending Regulation Industry Illinois 100

PYMNTS

OCTOBER 3, 2019

Though fraud technology has evolved to combat the monster of payments fraud, there is a growth threat for banks that innovators are also paying attention to as financial institutions (FIs) increase their appetite for such tools. percent of overall revenue to lending fraud, compared to as much as 5.8 percent for smaller banks.

Fraud 158

Fraud Lending Technology Survey 158

PYMNTS

JUNE 13, 2016

alternative lending industry continues to face a bumpy road — whether from struggling alt-finance players, corporate scandals or incoming regulation — reports are highlighting yet another hurdle headed its way. As the U.S.

Online 100

Online Lending Industry Report 100

FICO

DECEMBER 15, 2021

In 2022 consumers will increasingly expect to be able to service all of their requirements, however complex, online. They will expect their bank to know when they last called a contact centre, logged into online banking, made a payment or queried a transaction. The ESG Agenda Will Drive the Search for Cleaner Decisions.

Lending 52

Lending Data Risk Management Regulation 52

Bank Innovation

JANUARY 17, 2019

regulators have taken a greater interest over the last year in technology startups promising to reinvent finance. This newfound attention is compelling the biggest names in fintech to prioritize a part of their business that’s often ignored.

Regulation 150

Regulation Fintech Compliance Financial Technology 150

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. When most people asked “what’s next?” Old Problems, New Paradigms .

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

MAY 23, 2019

According to the Credit Union Innovation Playbook , a PYMNTS and PSCU collaboration, trust is the driving factor in that choice. Yet, if one looks at FinTech innovators in the field, there are ways to work through that, and break up the process of onboarding to smooth the flow dramatically.

Online 123

Online Millennials Digital Banking Maine 123

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Banks are certainly not playing hide and seek with P2P lending. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions.

Maine 100

Maine Lending Regulation Risk Management 100

Perficient

JULY 11, 2022

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system.

Fintech 474

Fintech Trends South Dakota Apple 474