Lending, New York City and Security - Community Banking Brief

Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

Bank Innovation

JANUARY 26, 2020

New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank.

New York City

New York City FDIC New York Innovation

CRE risk management: Navigating hazards and opportunities

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management

Risk Management Management Lending Capital

Helping Investors Avoid The Lending Club Trap

PYMNTS

APRIL 26, 2017

Online lending as a business model has taken some lumps over the last several months, with Lending Club (and investors) only the most visible casualty of alleged fraud. As for questions surrounding the viability of these online lending platforms, as posited by Webster, Moore said the model exists as one that is here to stay.

Lending

Lending New York City Online Fraud

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

MORE WEBINARS

Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. and hoping to expand into Europe. At the same time, the U.S.

Capital

Capital Fintech New York City Security

B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

SEPTEMBER 4, 2020

The company said it would use the investment to expand its product features with a focus on its automated lending infrastructure, and noted it will now include ACH processing in its offering. Honcho plans to deploy the investment towards new hires and invest in its product roadmap. Cloudentity.

New York City

New York City Capital Colorado Software

Neiman Marcus Emerges From Chapter 11

PYMNTS

SEPTEMBER 28, 2020

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

San Francisco

San Francisco New York City Houston Dallas

CFPB representatives to be featured at 22nd Annual PLI Consumer Financial Services Institute

CFPB Monitor

JANUARY 23, 2017

The 22nd Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on March 27-28, 2017 in New York City (and by live webcast and groupcast in Atlanta; Philadelphia, Pittsburgh, and Mechanicsburg PA) and on May 4-5, 2017 in Chicago.

New York City

New York City Chicago New York Philadelphia

Strategies for fighting remote authentication fraud

Independent Banker

NOVEMBER 30, 2021

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. COVID-19 has spurred an increase in these remote authentication scams.

Fraud

Fraud Strategy Community Bank New York City

CFPB representatives to be featured at 21st Annual PLI Consumer Financial Services Institute

CFPB Monitor

FEBRUARY 25, 2016

The 21 st Annual Consumer Financial Services Institute, sponsored by the Practicing Law Institute, will take place on April 4-5, 2016 in New York City (and by live webcast and groupcast in Cincinnati, Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA) and on May 12-13, 2016 in Chicago.

New York City

New York City Cleveland Philadelphia New York

Investors Haven’t Forgotten About Alternative SMB Finance

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. Sure, it shows that investors aren’t ready to give up on alternative lending just yet. million in new funding this week, $11.8 Enterprise Security. SMB Finance. Germany’s Finiata announced $21.2

Fraud

Fraud Capital New York City Lending

Treading Lightly Among the Unicorns

PYMNTS

JULY 1, 2016

In a bit of growth for the online lending industry, Kabbage said that it has extended access to small business loans through Scotiabank, for maximums of $100,000 in Canada and Mexico. This would be a departure from the norm of negative headlines that have dominated the space.

New York City

New York City New York Apple America

The community banks standing by hospitality customers

Independent Banker

NOVEMBER 30, 2021

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided an important backstop for Small Business Administration (SBA) 7(a) loan holders, as it required the SBA to take care of loan payments for about six months in 2020 and make partial payments in 2021. “For Hospitality lending is a natural fit for the State Bank of Texas.

Community Bank

Community Bank Community Texas Dallas

CFPB representatives to be featured at 20th Annual PLI Consumer Financial Services Institute

CFPB Monitor

FEBRUARY 17, 2015

The 20 th Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on April 6-7, 2015 in New York City (and by live webcast and groupcast in Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA and New Brunswick, NJ) and on April 27-28, 2015 in Chicago.

NJ

NJ New York City Cleveland Philadelphia

Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

JANUARY 22, 2020

Titled “Why the Future of Merchant Payments Requires a Digital-First Approach,” the webinar generally revolved around questions related to the development and ongoing rise of omnichannel commerce — already a major topic in the payments and commerce world in these first weeks of the new year. Trust Issues.

Retail

Retail Millennials New York City social media

The ICBA 22/23 executive committee is all in

Independent Banker

MARCH 31, 2022

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. Let’s hear from the executive committee members themselves about how—and why—they’re all in for community banking.

Community Bank

Community Bank Community Industry Texas

The Battle of the Bulge, Waged Digitally

PYMNTS

DECEMBER 11, 2017

Prices vary by city, with membership packages defined by the number of classes per month. A monthly 10-class package in New York City, for example, costs $135. With $70 million in funding recently secured, the company is now taking the leap into the living room – literally.

Exercises

Exercises Community New York City United States

Fintech Fundings: 24 Companies Raise $560 Million Week Ending Sep 18

Fintech Labs Insights

SEPTEMBER 21, 2015

The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr. HQ: New York City. HQ: New York City. HQ: New York City. HQ: Oklahoma City, Oklahoma. HQ: New York City.

New York City

New York City San Francisco Company Fintech

Banks Raise Real Estate Lending Red Flags As Commercial Properties Sit Vacant

PYMNTS

SEPTEMBER 7, 2020

The nation’s banks are anxious about getting loans repaid that are secured against empty office buildings, hotels and malls. Buffalo’s M&T Bank has seen the largest increase in criticized loans because nearly 40 percent of its loans are in CRE, mostly in New York City.

New York City

New York City Lending New York Florida

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Labs Insights

SEPTEMBER 10, 2015

The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil), CommonBond ($35 mil), Orchard Platform ($30 million) and one financial-institution-supported blockchain startup: Chain ($35 mil). HQ: New York City. Powering marketplace lending. HQ: New York City.

San Francisco

San Francisco New York City Company Fintech

Fintech Fundings: 10 Companies Raise $80 Million Week Ending June 4

Fintech Labs Insights

JUNE 5, 2015

million including one Finovate alum, mobile security specialist Tyfone ($6.6 Mobile security. HQ: New York City. HQ: New York City. HQ: New York City. Tags: Crowdfunding, P2P lending, commercial real estate, mortgage, investing. In total, 10 companies raised $83.3

New York City

New York City Company Fintech New York

Director Cordray and Comptroller Curry speak at LendIt USA conference

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Kaplinsky and Scott M. ” He then discussed the CFPB’s two most recent requests for information.

Conference

Conference Policies New York City Data

Fintech Fundings: 17 Companies Raise $4.8 Billion Week Ending April 22

Fintech Labs Insights

MAY 2, 2016

P2P lending platform. HQ: New York City. HQ: New York City. HQ: Mexico City. Tags: SMB, small business, lending, credit, underwriting. Source: Crunchbase. SocietyOne. Latest round: $125 million, $25 million Series C and $100 million Debt. Total raised: $158.5 HQ: Sydney, Australia.

San Francisco

San Francisco New York City Company Fintech

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

MARCH 1, 2016

Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 Snoopwall landed a cool million for its security solutions. Seven weeks into the new year, fintech companies have raised $4.7 HQ: New York City. Data security for financial institutions. HQ: New York City.

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 26 Companies Raise $270 Million Second Week of August

Fintech Labs Insights

SEPTEMBER 19, 2016

5 million to CUneXus to expand its consumer lending platform. Pindrop Security. Consumer lending platform. HQ: New York City. SMB lending marketplace. HQ: New South Wales, Australia. HQ: New York City. Tags: Investors, advisors, P2P lending, investing. Cybersecurity.

San Francisco

San Francisco New York City Fintech Company

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

Three Finovate or FinDEVr alums, two of which presented at FinDEVr NYC last week (Betterment, Stratumn), brought in new investments: Betterment landed a massive $100 million at a $700 million valuation for its robo-advising platform. Bluefin Payments received $6 million to expand its secure payment system. HQ: New York City.

New York City

New York City Company Fintech California

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

OCTOBER 19, 2015

Secure messaging for financial services. HQ: New York City. HQ: New York City. HQ: Oklahoma City. HQ: New York City. HQ: New York City, Hong Kong. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor).

New York City

New York City Company Fintech New York

Fintech Fundings: 22 Companies Raise $590 Million Week Ending Oct 9

Fintech Labs Insights

OCTOBER 9, 2015

HQ: New York City. HQ: New York City. HQ: New York City. HQ: New York City. Tags: Consumer, lending, banking, insurance, credit cards, lead gen. Total raised: $262 million (including $150 million debt). Source: Crunchbase. Balance Credit (SunUp Financial).

New York City

New York City Company Fintech San Diego

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

MARCH 22, 2016

It was another busy week for Finovate alums with six raising new funds: StreetShares raised $4.5 million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. HQ: Ho Chi Minh City, Vietnam. P2P real estate lending marketplace. SmartAsset raised $3.8

Company

Company New York City Fintech Colorado

Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20

Fintech Labs Insights

NOVEMBER 23, 2015

HQ: New York City. HQ: New York City. Tags: SMB, consumer, blockchain, security, contracts, security. Source: Crunchbase. Financing online consumer purchases. Latest round: $101 million ($1 million equity, $100 million debt). Total raised: $101 million (includes $100 million debt). Fintec Labs.

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

JANUARY 18, 2016

Blockchain technology for securities. HQ: New York City. HQ: New York City. Online consumer lending. Person-to-person small biz lending platform. Tags: SMB, credit, lending, loans, underwriting, investing, P2P, business loans, crowdfunding. Source: Finovate. HQ: Bejing, China.

Company

Company New York City Fintech San Francisco

Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

NOVEMBER 12, 2015

HQ: New York City. Lending marketplace targeting Hispanic-owned small businesses. HQ: New York City. Tags: Enterprise, fraud, security, online banking, payments, API, developers, big data. Source: Crunchbase. Bread Finance. Unsecured consumer financing of purchases. Latest round: $14.3

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

MARCH 28, 2016

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

Company

Company Fintech San Francisco New York City

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

HQ: New York City. HQ: New York City. Tags: B2B2c, SMB, consumer, lending, auto loan, vehicle credit, underwriting, secured, captive financie, lead gen. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92 billion ($654 million Equity, $1.26 billion Debt). Bridge2Solutions.

Company

Company Fintech San Francisco New York City

Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Labs Insights

JUNE 16, 2016

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 SigFig brought in $40 million from a blue-chip lineup of financial institutions including Comerica, Santandar, and New York Life. EZBob landed a $25 million debt commitmen t to increase its SMB lending.

San Francisco

San Francisco Company South Carolina New York City

Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

Fintech Labs Insights

NOVEMBER 2, 2015

HQ: New York City. HQ: New York City. HQ: New York City. Tags: Security, privacy, cryptocurrency, data. Source: Crunchbase. Electronic trading marketplace for corporate bonds. Latest round: $25 million. Total raised: $25 million. Source: Crunchbase. Digital insurance manager.

Los Angeles

Los Angeles New York City San Francisco Company

LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Fintech Labs Insights

MAY 28, 2015

In addition to securing an $8 million venture debt line from Silicon Valley Bank, the lending-as-a-service innovator reached $800 million in loans deployed to more than 35,000 borrowers, and won a commitment of $125 million from its own lending network of more than 300 credit unions and banks.

San Jose

San Jose New York City Lending New York

Artificial Intelligence: Find it Right in Your Own Backyard

FICO

OCTOBER 26, 2016

The FICO® Score is used by 90 of the top 100 largest US lending institutions for their risk assessment needs. If you’re a New Yorker, this week I’ll be in your backyard. There I’ll be talking about the new FICO® Enterprise Security Score , which I’m incredibly excited about. FICO Score. Come see me!

Analytics

Analytics Fraud New York City social media

Artificial Intelligence: Find it Right in Your Own Backyard

FICO

OCTOBER 26, 2016

The FICO® Score is used by 90 of the top 100 largest US lending institutions for their risk assessment needs. If you’re a New Yorker, this week I’ll be in your backyard. There I’ll be talking about the new FICO® Enterprise Security Score , which I’m incredibly excited about. FICO Score. Come see me!

Analytics

Analytics Fraud New York City social media

Fintech Fundings: $148 Million Raised by 14 Companies Week Ending July 10

Fintech Labs Insights

JULY 10, 2015

This week, a wide variety of fintech companies raised money from blockchain security ( BitFury ) to B2B payments ( Karmic Labs ). But once again the lending sector attracted the most cash, accounting for $94 million, or 64% of the $148 million total. Blockchain and bitcoin security. HQ: New York City.

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Labs Insights

DECEMBER 14, 2015

BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. HQ: New York City. Real estate lending marketplace. HQ: New Delhi, India. HQ: New York City. Tags: SMB, loans, commercial lending, credit, underwriting. Clip (PayClip).

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

DECEMBER 30, 2015

HQ: New York City. HQ: New York City. Tags: Consumer, mobile wallet, security, payments. Source: Crunchbase. Prestiamoci. Person-to-person consumer lender . Latest round: $2.2 million Series. Total raised: $3.5 HQ: Milan, Italy. Source: Crunchbase. Blockchain-based remittances. HQ: Seoul, South Korea.

Company

Company New York City Fintech Kentucky

Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Labs Insights

JUNE 18, 2015

Finovate alum, Azimo landed the biggest round outside the lending sector, $20 million at a $100 million valuation. HQ: New York City. P2P mortgage lending. Tags: Risk management, security, regulation, compliance. Year-to-date, $7.7 billion has been invested in the sector. Total raised: $120.8 LendInvest.

San Francisco

San Francisco Company Fintech Albuquerque

Fintech Fundings: 15 Companies Raise $150 Million Week Ending August 31

Fintech Labs Insights

AUGUST 28, 2015

Able Lending. HQ: New York City. Mobile transaction security. Tags: P2P, lending, mortgage, loans, peer-to-peer. Source: Crunchbase. Nok Nok Labs. Authentication solutions. HQ: Palo Alto, California. Latest round: $16.3 Total raised: $47.8 Source: FT Partners. Mobile point of sale system. Latest round: $11.3

Company

Company Fintech California San Francisco

Fintech Fundings: 18 Companies Raise $230 Million Week Ending June 11

Fintech Labs Insights

JUNE 11, 2015

Alt-lending platform to SMBs. Smart securities on the blockchain. HQ: New York City. Alt-lending for the elective surgery industry. Tags: Payments, mPOS, point of sale, SMB, security, cards, merchant acquiring, Finovate alum. Latest round: $129 million. Total raised: Unknown. Source: Crunchbase.

Company

Company Fintech Utah San Francisco

Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

CRE risk management: Navigating hazards and opportunities

Webinars

Trending Sources

Helping Investors Avoid The Lending Club Trap

Webinars

Lull Hits B2B FinTech Venture Capital Funding

B2B Tech Startups Land Backing To Modernize The Enterprise

Neiman Marcus Emerges From Chapter 11

CFPB representatives to be featured at 22nd Annual PLI Consumer Financial Services Institute

Strategies for fighting remote authentication fraud

CFPB representatives to be featured at 21st Annual PLI Consumer Financial Services Institute

Investors Haven’t Forgotten About Alternative SMB Finance

Treading Lightly Among the Unicorns

The community banks standing by hospitality customers

CFPB representatives to be featured at 20th Annual PLI Consumer Financial Services Institute

Trust And Speed Light A New Path To Omnichannel Retail

The ICBA 22/23 executive committee is all in

The Battle of the Bulge, Waged Digitally

Fintech Fundings: 24 Companies Raise $560 Million Week Ending Sep 18

Banks Raise Real Estate Lending Red Flags As Commercial Properties Sit Vacant

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Fundings: 10 Companies Raise $80 Million Week Ending June 4

Director Cordray and Comptroller Curry speak at LendIt USA conference

Fintech Fundings: 17 Companies Raise $4.8 Billion Week Ending April 22

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Fundings: 26 Companies Raise $270 Million Second Week of August

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Fundings: 22 Companies Raise $590 Million Week Ending Oct 9

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Artificial Intelligence: Find it Right in Your Own Backyard

Artificial Intelligence: Find it Right in Your Own Backyard

Fintech Fundings: $148 Million Raised by 14 Companies Week Ending July 10

Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Fundings: 15 Companies Raise $150 Million Week Ending August 31

Fintech Fundings: 18 Companies Raise $230 Million Week Ending June 11

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