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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

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Lessons Learned: Banks that thrived during crisis grew loans slower prior to it.

Jeff For Banks

Louis Fed recently performed a study to uncover the characteristics of community banks that thrived during the financial crisis. It appears that banks that had the ability to do the same during the heady lending times of 2004 - 2007 found it to be an enduring strategy (see table from Fed study). Lend Consistent With Your Strategy.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Payments and commerce solutions for unbanked in emerging markets. Louis, Missouri. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. Here are the deals by size from 26 Dec to 31 Dec 2015: Weijinsuo.

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Fed President Says Banks Too Vulnerable To FinTechs

PYMNTS

The president of the Federal Reserve Bank of St. Louis, James Bullard, warned Thursday (Oct. 12) that banking regulators in the U.S. As one example, the Fed president said that Goldman Sachs estimated that $11 billion in annual profits for the lending sector is at risk of being lost because of peer-to-peer lenders.

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