PYMNTS

NOVEMBER 23, 2020

Artificial intelligence (AI) in mobile food ordering: tantalizing. That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Advanced AI Makes Systems Smarter. Catering to Individual Tastes at Scale.

Mobile 289

Mobile Boston Fraud Colorado 289

Bank Innovation

JANUARY 11, 2018

EXCLUSIVE – German online lender Kreditech is making its way to India, Bank Innovation has learned. For this expedition, the fintech has teamed up with SaaS banking platform Mambu for providing short-term lending products specifically tailored to local consumers.

Online 309

Online Lending Innovation Fintech 309

Bank Innovation

MARCH 23, 2018

As mobile wallets and consumer-to-business payments platforms grow in popularity as the preferred payment method among retail shoppers, it seems only natural that merchants should consider digital POS lending or instant financing options as a means to encourage more online purchases. Indeed, they are. Read More.

Online 218

Online Lending Survey Retail 218

PYMNTS

MAY 2, 2017

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Drilling down a bit into the Puerto Rico market in particular, Arora noted some differences between small business lending versus, say, the United States.

Puerto Rico 118

Puerto Rico Lending Online United States 118

PYMNTS

FEBRUARY 14, 2020

has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement. Technology and equipment vendors can be live in a matter of minutes, offering real-time POS lending with little or no integration needed. “As CIT Group Inc.

Lending 151

Lending Groups Online Technology 151

Bank Innovation

AUGUST 15, 2018

Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016. Over the […].

Lending 282

Lending National Marketing social media 282

Bank Innovation

APRIL 10, 2018

EXCLUSIVE— Lending startup Upgrade is opening a new personal credit line today, designed to give customers all of the benefits of credit with none of its flaws. The product is essentially a cross between a typically credit card and a traditional personal loan, Renaud Laplanche, company CEO and c0-founder, told Bank Innovation.

Lending 186

Lending Mobile Cards Innovation 186

Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. It’s critical for community banks to have online loan applications, process automation staff skilled in digitization and more. Benefits of digital lending. Ensure a more consistent lending process.

Lending 91

Lending Community Bank Community Illinois 91

Bank Innovation

NOVEMBER 8, 2017

Hong Kong-based mobile lender, WeLab announced that it raised $220 million in a Series B funding round today. The round included big names like Chinese e-commerce giant Alibaba, Credit Suisse and World Bank’s International Finance Corporation. This latest round of funding brings WeLab’s total to $425 million.

Mobile 150

Mobile Lending Capital Online 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

OCTOBER 23, 2017

Affirm was founded by Max Levchin in 2012 to help to remedy that merchant-consumer relationship by giving online shoppers an alternative to traditional credit cards and retailer-branded installment loans when shopping online. There’s a lot we want to do besides lending,” said Chou.

Online 129

Online Mobile Branding Lending 129

PYMNTS

JUNE 26, 2020

Many banks braced themselves for an oncoming surge in the number of consumers accessing their financial accounts online or via mobile banking apps, but safely and seamlessly providing that access remained tricky for many in the space. How N26 Is Using Cloud Core Banking for Nimble Mobile Innovation.

Meeting 227

Meeting Mobile Digital Banking Tools 227

PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. About the Tracker.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

APRIL 5, 2019

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. This integration brings us a step closer to our goal of transforming the lending sector by providing timely access to small loans through everyday mobile users.”.

Lending 167

Lending Survey Course Community 167

Bank Innovation

OCTOBER 23, 2017

EXCLUSIVE- Point-of-sale financier Affirm today launched its mobile app as it looks to strengthen its online business. The new app will give customers a virtual card that they can use to make online purchases. The app, which Bank Innovation first reported about in August, is available today for download.

Mobile 225

Mobile Online Innovation Cards 225

Bank Innovation

NOVEMBER 3, 2017

EXCLUSIVE–How should financial services build the future of digital lending? Schleck, senior vice president, centralized and online sales for Bank of America. Focusing on the simple things is a good start, said John C.

America 207

America Lending Innovation Online 207

Bank Innovation

APRIL 18, 2018

Mobile lending app Tala today secured $65 million in its latest round of funding. marked for its expansion to India. With over 1.3 billion people, rapidly advancing technology, and government backed initiatives to digitize financial services, India is becoming an important market for fintechs.

Lending 170

Lending Fintech Mobile Security 170

PYMNTS

NOVEMBER 1, 2018

So it is with the Chinese alternative lending space, with various nomenclature in place, seemingly interchangeable, embracing P2P loans or internet lending – in short, funds flowing outside the confines of the bank branch and the teller window. Regulations take shape, usually quite a bit more slowly.

Lending 150

Lending Guidelines Fintech Industry 150

PYMNTS

FEBRUARY 6, 2019

In an effort to bring customers an easier and more streamlined online car buying experience, Carvana, an online-only used car dealer, has teamed up with Bank of America, according to a release from the companies. “We

Online 176

Online America Policies Lending 176

PYMNTS

MARCH 19, 2019

Grab Financial Group , the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap. Grow with Grab” is its full push into lending and insurance, the company said in the press release.

Lending 131

Lending Fintech Groups Policies 131

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market.

Lending 129

Lending Analytics Data Security 129

Abrigo

NOVEMBER 2, 2022

But not all technology is made equal, especially when it comes to lending software. The following are three features to look for in construction loan software that can improve financial institutions’ speed and efficiency: Mobile "Mobile software means users can access it anytime and from anywhere they have internet -- even from a cell phone.

Software 195

Software Lending Training Mobile 195

PYMNTS

MARCH 7, 2019

said they would give their mobile numbers to their banks, for instance, showing a lack of trust, and putting a damper on Open Banking services. How PSD2 is Changing Lending in the U.K. However, customers are still wary of sharing too much data online, especially as questions grow over who has their data and how it’s being used.

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Lending Regulation Regional Data 198

PYMNTS

OCTOBER 22, 2019

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101

Lending New Jersey Online Customer Experience 101

PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

DECEMBER 1, 2017

The Chinese government’s financial regulators have distributed new rules to local governments, targeting the fast-growing online micro-lending industry. According to news from Reuters , under the new rules, unlicensed organizations and individuals are not allowed to conduct a lending business.

Online 129

Online Lending Regulation Groups 129

Bank Innovation

FEBRUARY 27, 2018

Customers are growing more comfortable completing (at least parts of) the loan process over online or mobile mediums, a study released today by Fiserv found. The majority of customers, or 69% of the 3,095 U.S.

Mobile 240

Mobile Study Survey Online 240

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile 140

Mobile Payments Cards Fintech 140

Bank Innovation

MARCH 16, 2016

Lenny is meant for mobile (of course) and launched today in California. Millennials hate credit — but a new service called Lenny is out to change that. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.

Millennials 150

Millennials Mobile Florida Lending 150

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

OCTOBER 21, 2019

Fiserv’s consumer trends survey, Expectations & Experiences, shows that the majority of loans over the past two years were done online, the company said on Monday (Oct. Almost two-thirds – 65 percent – of loan applicants since 2017 completed their applications partially or fully online, up from 56 percent in 2018.

Online 101

Online Survey Mobile Meeting 101

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile 141

Mobile Payments Cards Fintech 141

PYMNTS

APRIL 25, 2019

Consumer dependence on smartphones is often derided as a distraction, but they have also become a vital mobile shopping and buying tool – whether in-store or from a living room sofa. Consumers shop everywhere at anytime, and no two mobile users have the same behavior. percent) had the lowest influence on mobile purchases.

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Study Mobile Payments Cards 165

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Overall, year over year, online fraud attacks have spiked 215 percent.

Lending 100

Lending Mobile Cards Fraud 100

Bank Innovation

MARCH 26, 2018

EXCLUSIVE- TD Bank today has partnered with cloud banking platform nCino, to integrate its corporate and commercial lending divisions with nCino’s Bank Operating System. The partnership allow TD Bank to digitalize the entire consumer lending process from start to finish. Check out how nCino works here.

Lending 191

Lending Operations System Online 191

PYMNTS

OCTOBER 9, 2020

In today’s top payments news around the world, cross-border payment platform dLocal has grown its network, while Mambu is joining forces with New Zealand digital lending platform Ranqx to enhance digital lending. Mambu, Ranqx Partner to Enhance SMB Digital Lending. Hackers Hit Mobile Money Payments Processor in Uganda.

Lending 100

Lending Payments Mobile National 100

PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. For banks, including relatively large banks, Goldstein noted, entering into personal lending markets is daunting, even if it is appealing from a variety of standpoints.

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Lending Alabama Online System 134