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.

Lending 146

Lending Apple Study Online 146

Bank Innovation

SEPTEMBER 24, 2019

For Aura, an online lending platform for low-income families, reaching underbanked borrowers means going beyond the bank setting and working with retailers to reach customers who may be overlooked by traditional lenders.

San Francisco 150

San Francisco Marketing Lending Branding 150

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

NOVEMBER 25, 2016

As Reuters reported headed into the holiday weekend, loan investors are eyeing shopping traffic and spending as a number of retailers in which they have invested face headwinds. percent this month and next, as predicted by the National Retail Federation, leverage is a tough thing to shake.

Retail 100

Retail US Lending National 100

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. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

NOVEMBER 13, 2020

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Consumers and Banks Both Like Online Auto Loans. Consumers are apparently so glad to dump the back-office haggle between dealer and bank that roughly one-third of car buyers are now doing the loan process online, J.D.

Online 214

Online San Francisco Trends Marketing Strategies 214

PYMNTS

SEPTEMBER 11, 2017

Goldman Sachs is reportedly gearing up to expand its retail banking unit in the U.K. According to a report in The Financial Times , citing Stephen Scherr, the bank’s head of Strategy, Goldman Sachs is preparing to rollout an online deposit business across the pond by the middle of 2018. taking a page from its efforts in the U.S.

Online 128

Online Lending Maine Retail 128

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

JANUARY 18, 2017

Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan. The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry.

Lending 100

Lending Software Financial Technology Online 100

PYMNTS

DECEMBER 7, 2020

With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. 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.

Capital 356

Capital Online Tools Lending 356

Bank Innovation

JULY 5, 2018

have recently added digital mortgage lending, and that same […]. Laurel Bank Road is hitting on a trend: more small banks are considering digital methods for loan underwriting. Larger banks like Bank of America and SunTrust Banks Inc.

Lending 199

Lending America Trends Fintech 199

PYMNTS

JUNE 24, 2016

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. So, providing retailers with a new storefront in an ecosystem of 1.5 Online lending . billion people a month who visit it.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

OCTOBER 4, 2016

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. The company doesn’t operate the secondary market itself but outsources to FOLIOfn, which is operated and maintained by FOLIOfn Investments, which is a registered broker dealer.

Marketing 170

Marketing Lending Operations Financial Technology 170

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. 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.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. Mastercard Gets Nod To Join China’s $27T Payments Market. a share with a market cap of $14.6 As of Friday (Feb. Sound familiar?

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JANUARY 7, 2020

For instance, online marketplace and auction site eBay has released eBay Motors , a new app that uses artificial intelligence (AI) to list a car in under five minutes, according to a report by The Verge. The ways people search for and purchase a vehicle continue to change,” said Tom Lazenby, auto lending manager for Regions Bank.

Trends 134

Trends Retail Fort Worth Regional 134

PYMNTS

AUGUST 10, 2018

The biggest story this week in grocery came, as it often does, care of the new Whole Foods Market as operated by Amazon. As a benefit for Prime members, customers who order their groceries online from Whole Foods will be able to pick them up curbside within 30 minutes. In an interview with Business Insider on Wednesday (Aug.

Lending 100

Lending New Hampshire Sacramento Online 100

Perficient

JANUARY 24, 2023

In this online article, we defined embedded banking, rather narrowly, as when a non-financial firm offers a branded checking account to hold funds and make payments. Firms such as eBay and Lyft, and many other online firms, have pursued this strategy and successfully expanded their core business.

Branding 472

Branding Cards Strategy US 472

PYMNTS

JANUARY 8, 2021

Both consumers and businesses are exhibiting shifting expectations for how the lending process should work, and many are expressing interest in alternative forms of lending, such as peer-to-peer (P2P) loans. Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

Lending 163

Lending Examples Tools Meeting 163

PYMNTS

SEPTEMBER 18, 2020

As it aims to develop an online shopping portfolio, Boosted Commerce said it has notched $87 million in investment and has purchased six Amazon fulfillment (FBA) firms. The company intends to "acquire and develop" 100 online shopping consumer packaged brands in the four years to come, according to an announcement.

Branding 213

Branding Online Lending Retail 213

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

Bank Innovation

AUGUST 29, 2018

Marcus, the consumer lending platform of Goldman Sachs, added a new tool that lets users estimate the value certain renovations would add to the price of their house, before applying for a home improvement loan, Bank Innovation has learned.

Marketing 170

Marketing Lending Tools Innovation 170

Bank Innovation

JANUARY 26, 2018

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262

Retail Video Digital Banking Bitcoin 262

PYMNTS

SEPTEMBER 7, 2020

Outside of the pandemic — if there is such a thing as outside of the pandemic — two stories have been the most compelling in retailing so far this year. Last year, DTC online sales reached an impressive $14.28 The first had to go direct-to-consumer as products because they didn't have a shot at traditional retail exposure.

Branding 251

Branding Retail Groups Strategy 251

BankInovation

JULY 14, 2020

The Australian point-of-sale lending company, which launched online in the U.S. The Afterpay card — and what we’re bringing to the market — is a virtual, contactless Visa card that is stored either in customers’ Apple […]. Afterpay is heading into brick-and-mortar stores in the United States.

United States 64

United States US Retail Apple 64

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

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

FEBRUARY 12, 2019

Any number of “faster” rails are coming online through the next several months. 2,225: The amount bridge millennials spend, on average, on annual retail purchases. 90 percent: The share of retail sales that the Census estimates happen at the physical store.

Millennials 154

Millennials Payments Retail Lending 154

PYMNTS

SEPTEMBER 17, 2020

In the company blog at the time, Hsieh said the recent volatility in the stock market, citing rivals LendingClub Corp. the San Francisco-based peer-to peer lending firm and OnDeck Capital, the New York-based online small business lending company, which went public at the time were already trading down, Housing Wire reported.

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

NOVEMBER 12, 2020

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector. No Quick Fix. More Than Just Hotels Are in Trouble.

New York City 227

New York City New York Missouri Philadelphia 227

Abrigo

AUGUST 26, 2019

The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. Stay Up-to-Date On Lending Best Practices. customers than traditional retail banks earned in the firm’s study of retail banking satisfaction. Learn More.

Conference 150

Conference Lending Oklahoma Alabama 150

PYMNTS

SEPTEMBER 20, 2018

In addition, Flipkart may also apply for a new non-banking financial company (NBFC) license to boost growth for the online retailer as it takes on Amazon in the Indian eCommerce world. The next phase of growth in online retail is going to come from Tier-2 and Tier-3 markets.

Lending 176

Lending Retail Online Fintech 176

Bank Innovation

NOVEMBER 1, 2018

Marketing for financial services is more than simply acquiring new customers with pretty packaging and cool Snapchat filters. Dustin Cohn, who heads brand marketing for Marcus by Goldman Sachs, said marketing is also an important tool to service, and thus retain, existing customers.

Marketing 150

Marketing Tools Branding Online 150

CFPB Monitor

SEPTEMBER 14, 2020

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Fair lending. Payday lending. Key findings are described below. Consumer reporting.

Lending 78

Lending Report Regulation Exercises 78

PYMNTS

JUNE 14, 2016

There is little we find more inspiring than money moving from one point to another, with the possible exception of how better, smoother transfers can be used to reinvent a consumer’s entire retail (and perhaps living) experience. Things aren’t exactly looking better in the post-Lending Club, increased interest rate era.

Lending 100

Lending Conference Capital Report 100

PYMNTS

SEPTEMBER 17, 2018

Amid China’s efforts in recent months to boost small business activities – notably through initiatives that focused on small business lending in that country – Alibaba Group’s Taobao expanded its Maker Festival to be global in scope, with a spotlight on the youngest of entrepreneurs. The September event, which spanned Sept.

Millennials 134

Millennials Lending Retail Trends 134

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Even Amazon competitors like Macys, Target and even Best Buy reported that their sales rose that day by 13 percent or more – as they rode the Prime Day draft and put their own offers in market.

Retail 100

Retail FDIC Bitcoin Lending 100