PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 220

Retail Dallas Washington National 220

South State Correspondent

JANUARY 17, 2024

As we pointed out, bank management needs to understand how a bank creates franchise value, and one way is to sell more profitable products to more profitable customers. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital.

Study 195

Study Maine Analytics Capital 195

PYMNTS

DECEMBER 17, 2019

But even more notably, 84 percent fail due to poor cash flow management that kicks off the series of events leading to their doors closing. Managing cash flow can be tricky work when one is new to the market or looking to expand because cash is in short supply. CircleUp is retail- and CPG-focused. The first is focus.

Lending 132

Lending Data Retail Capital 132

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.

Taxes 294

Taxes Customer Experience Marketing Compliance 294

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68

Lending Seattle Regulation US 68

PYMNTS

APRIL 22, 2020

In a time period dominated by retail sales declines, the hardest hit has been the automotive industry. While March retail sales dropped 8 percent overall, new cars dropped as much as 36.9 percent for some brands as dealerships were shut down due to concerns over the personal contact inherent in the auto sales process.

Marketing 195

Marketing Online Video Industry 195

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.

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

MAY 31, 2016

Has the Lending Club debacle taught the alternative lending industry anything? Perhaps, but the lesson isn’t that the players should abandon the market. The latest to join the industry is RateSetter , which already operates in the P2P consumer lending space but recently revealed plans to focus on business lending.

Lending 100

Lending Security Industry Report 100

FICO

JUNE 30, 2021

Lending Improved With Data-Driven Decisions. a , the largest commercial bank in Slovakia, has chosen FICO® Decision Optimizer to increase profitability and improve portfolio management for its cash loan portfolio. a responsible for retail banking. “We Lending Decision Optimization, Beyond the Software. Slovenská sporite??a

Lending 52

Lending Case Study Strategy Software 52

FluentBanking

OCTOBER 17, 2020

is a third-generation bank currently looking for workers for its liability marketing and cash management. Vacancy 01 Job Context Position-Corporate Designation :SVP/EVP/SEVP Job Responsibilities This position will look after the liability marketing and cash management operations of the Bank. One Bank Ltd.

Management 52

Management Marketing Leadership Strategy 52

PYMNTS

MARCH 13, 2019

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston. Chase plans to open 90 new branches and hire 700 employees by the end of 2018.

St. Louis 145

St. Louis US South Carolina North Carolina 145

Abrigo

AUGUST 8, 2021

An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions.

System 195

System Lending Policies Regulation 195

FICO

MAY 5, 2022

How can transaction analytics deliver a major competitive advantage in lending? Opening this market is a priority for lenders. And while many of these people are in developing markets with nascent credit infrastructures, there are plenty of so-called “credit invisibles” in the most mature credit markets as well.

Analytics 52

Analytics Lending Conference Data 52

PYMNTS

DECEMBER 14, 2018

and China, analysts are finding a shift among global supply chains away from the Chinese market, to the benefit of markets that traditionally don’t see much trade volume. Steve Madden is one retailer that publicly announced its efforts to move its supply chain operations out of China. 13) said the U.S.-China

Marketing 115

Marketing US Trends Conference 115

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

JULY 13, 2018

Reports in Bloomberg on Thursday (July 12) said the junk bonds and leveraged loans market is worth $2.3 trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. More than a fifth of retail and restaurants assessed by S&P were deemed high risk.

Marketing 100

Marketing Regulation Dallas Retail 100

Bobsguide

MAY 25, 2022

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

Management 113

Management Payments Innovation Technology 113

PYMNTS

JANUARY 30, 2017

Used to be that managing a company’s liquidity and cash position was a matter of reconciling disparate bank accounts at the end of the day. Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices).

Management 100

Management Lending Capital Survey 100

PYMNTS

DECEMBER 7, 2020

Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues. I would say we see the B2B market with even higher potential than the B2C market," he said. An Alternative To Banks.

Capital 356

Capital Online Tools Lending 356

PopularBank

SEPTEMBER 23, 2020

Joseph Culotta Brings More Than 18 Years of Leadership and Wealth Management Expertise to Popular Bank. NASDAQ: BPOP) and one of the nation’s premier banks, announced today the appointment of Joseph Culotta as Director of Wealth Management for Popular Investments. I look forward to being a part of this legacy.”. About Popular Bank.

Management 52

Management Leadership New York New Jersey 52

Abrigo

MAY 24, 2023

This lack of access to financial services hinders these businesses’ abilities to gain a market foothold and contributes to the flourishing of an unregulated, underground marketplace. The multi-billion-dollar state-legal marijuana market operating mainly as a cash-only business makes CRBs more vulnerable to theft and more difficult to audit.

Lending 195

Lending Fraud Operations Ohio 195

South State Correspondent

APRIL 12, 2022

Jamie Dimon believes that the Fed may hike rates more than the market expects and has indicated that the strongest inflation in 40 years may prompt officials to rethink the pace of the hiking cycle. in assets and almost $500B market cap), Dimon emphasizes in multiple ways that the bank’s focus is on the communities in which it operates.

Community 195

Community Community Bank Leadership Lending 195

PYMNTS

JANUARY 10, 2017

In retail, inventory is what you’ve got and you hope they want. Technology, as it does so often with every corner of life, can help augment that (retail) judgement. Technology, as it does so often with every corner of life, can help augment that (retail) judgement. We understand that the retailers are concerned about inventory.

Management 100

Management Retail Technology Marketing Strategies 100

PYMNTS

OCTOBER 17, 2016

Affirm, the company started by PayPal Cofounder Max Levchin to deliver financial products to consumers, announced last week it has obtained a $100 million lending facility from Morgan Stanley. Goldman Sachs last week announced Marcus by Goldman Sachs , an online platform offering unsecured personal loans to consumers.

Lending 100

Lending Risk Management Cards Online 100

PYMNTS

AUGUST 12, 2016

That’s the opinion of the Competition and Markets Authority (CMA), which earlier this week said technology would be one of the underpinnings of getting lending to increase to SMEs, a group that would naturally benefit from improved access to capital. In the U.K.,

Lending 100

Lending Comparison Industry Innovation 100

PYMNTS

AUGUST 14, 2020

Initialized Capital Management has notched $230 million for Initialized V , the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Initialized Capital Management Co-Founder Garry Tan told Bloomberg, “We love finding tomorrow’s unicorns.”.

Capital 255

Capital California Lending Management 255

PYMNTS

JANUARY 7, 2020

The ways people search for and purchase a vehicle continue to change,” said Tom Lazenby, auto lending manager for Regions Bank. and Carvana has next-day delivery in 146 markets. Every aspect of the process can be done from a computer, phone or tablet. There are car vending machines in 21 cities in the U.S.,

Trends 134

Trends Retail Fort Worth Regional 134

Abrigo

JULY 14, 2023

Staff producing the reports must communicate with management and inquire what management wants to glean or achieve from the data insights. Analysis should be performed on concentrations, as a percentage of capital, in terms of: (1) Collateral type such as multifamily, retail, office, etc. (2) CRE portfolio credit attributes.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

MARCH 7, 2018

To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement. The move comes after the company acquired LoanHero in Dec.

Retail 100

Retail San Diego Georgia Risk Management 100

FICO

APRIL 21, 2023

My priorities in testing the potential of UltraFICO Score with DDA attributes were speed to market, simplicity and leveraging an existing scorecard already built on the data – and it didn’t hurt that FICO was the organization that developed and branded it from a marketing, approval and compliance standpoint.

Data 52

Data Lending Trends Branding 52

PYMNTS

JULY 14, 2020

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. This follows a pilot rollout in Russia last month. Silicon Valley FinTech Affirm is also a regular in the top 5 this year.

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

JANUARY 18, 2021

Sources told Reuters that Grab is looking to take advantage of the red-hot IPO market in the U.S. If the company chooses to proceed, the IPO could be the largest market debut ever made by a Southeast Asian company on a foreign exchange. Singapore-based FinTech Grab is mulling a U.S.

Fintech 198

Fintech US Groups Management 198

South State Correspondent

SEPTEMBER 27, 2023

Ask most banks how they construct their lending portfolio, and they say that “it is what the market gives them.” Banks generate “alpha” or excess returns by taking more risk, usually in the form of real estate and commercial lending. This is the net operating income of a property divided by the current market value.

Lending 195

Lending US Marketing Capital 195

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. Specifically, the firm will focus on dual-language offerings for mobile and web applications, as well as automating risk-management and loan-origination processes. “It

Lending 100

Lending Taxes Rhode Island Regional 100

South State Correspondent

JANUARY 4, 2023

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

Community Bank 195

Community Bank Capital Training Lending 195

Abrigo

MARCH 13, 2024

No, it’s the current situation in the commercial real estate (CRE) market tied to the threat that distressed and problem CRE loans pose to investors, banks and credit unions, and the economy at large. Learn more about managing CRE loan distress. Is the above scenario another pandemic akin to our recent COVID experience?

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Those consumers pay dearly and foot the bill, so to speak, for all of those who take the offer and manage to pay on time over the term of the loan.

Retail 111

Retail San Francisco Cards Conference 111