Lending, New York City and Technology - Community Banking Brief

Quilo introduces real-time loan syndication network

BankInovation

SEPTEMBER 16, 2022

NEW YORK CITY — Lending platform Quilo unveiled its real-time syndication network that allows banks to digitally originate loans during FinovateFall 2022 in New York City.

New York City

New York City New York Lending Technology

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

Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

MARCH 6, 2020

Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS). South Carolina’s Mailprotector offers customers email security and encryption technology designed for businesses, governments and nonprofits.

Capital

Capital Fintech New York City Security

Webinars

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

MORE WEBINARS

FTC Issues Annual ECOA Report to CFPB

CFPB Monitor

FEBRUARY 10, 2021

With regard to fair lending enforcement, the letter highlights two developments: The FTC brought one fair lending enforcement action in 2020 in federal court against a New York City car dealer and its general manager. Currently, no information is publicly available about this new group.

Report

Report New York City Lending Regulation

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

Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin

Austin Lending Omaha New York City

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 SMB Finance. Germany’s Finiata announced $21.2 Veritas Finance.

Fraud

Fraud Capital New York City Lending

Digital Lending & The Biggest Conference Bankers Aren’t Attending

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. Consumer Lending.

Conference

Conference Lending Community Bank Community

Commercial Real Estate Insights

PopularBank

JUNE 1, 2021

Mitchell shared that during this time, Popular Bank strategically leaned into high-touch relationships to better support existing relationships, while also better gauging the integrity of the commercial lending portfolio. Identifying Commercial Real Estate Lending Bright Spots. in Q1 2021, the highest percentage ever on record.

New York

New York New York City Lending Industry

More on Comptroller Curry’s remarks at LendIt USA conference

CFPB Monitor

MARCH 20, 2017

In a recent blog post , Alan Kaplinsky and Scott Pearson wrote about the remarks made by CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry at the LendIt USA conference in New York City earlier this month.

Conference

Conference New York City National New York

Strategies for fighting remote authentication fraud

Independent Banker

NOVEMBER 30, 2021

New research reveals that 2020 was a time for significant increases to fraud with a number of types of credit. Between 2019 and 2020, there were notable increases in fraud in the areas of car loans, mortgage lending, personal loans and lines of credit, according to a 2021 report from Javelin Strategy & Research (see sidebar, above).

Fraud

Fraud Strategy Community Bank New York City

Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

JANUARY 22, 2020

But as a new webinar from PYMNTS showed, retail success is not exactly some mysterious process; it simply requires close attention to changing consumer trends and new technologies, including those centered around payments. They were born into a world with this technology and access,” Parsons said.

Retail

Retail Millennials New York City social media

A Regulatory Oversight?

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

San Francisco

San Francisco Lending New York City Online

CEO Roundtable: Ideas for a successful 2023

Independent Banker

DECEMBER 31, 2022

Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. Jill Sung , president and CEO of $325 million-asset Abacus Federal Savings Bank in New York City. So we’re careful when we lend out commercial real estate loans. Koger Propst , president and CEO of $3.2

Community Bank

Community Bank Community Tampa North Carolina

OnDeck Adds New Small Business Lending Options

Fintech Labs Insights

OCTOBER 22, 2015

.” Pictured (left to right): Miranda Lanzillotti, Marketing Communications Manager, and Pamela Rice, Senior Vice President of Technology, for OnDeck, discussing lending APIs at FinDEVr 2014. And last month, the company teamed up with Intuit to launch a $100 million lending fund for small businesses.

Lending

Lending San Francisco New York City New York

The Battle of the Bulge, Waged Digitally

PYMNTS

DECEMBER 11, 2017

By offering a platform for those seeking new classes and experiences – who use the app to see what is available and book open spots at those classes that might otherwise go unfilled – friction at the commerce level is reduced. Prices vary by city, with membership packages defined by the number of classes per month.

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. Also, long-time alum, Alkami Technology picked up $11 million Friday to further their e-banking solutions business. HQ: New York City. HQ: New York City.

New York City

New York City San Francisco Company Fintech

The ICBA 22/23 executive committee is all in

Independent Banker

MARCH 31, 2022

At-large director Jill Sung (not pictured), President and CEO, Abacus Federal Savings Bank, New York City. Technology changes our processes, but the way we build relationships in our communities never changes. Q: Are there any other opportunities you’d like to highlight?

Community Bank

Community Bank Community Industry Texas

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. Enterprise blockchain technology. Powering marketplace lending.

San Francisco

San Francisco New York City Company Fintech

Payments Summer Blockbusters Waiting To Be Written

PYMNTS

MAY 21, 2016

Real Story: Lending Club’s Recent History. Plus, given the length of time over which this story unfolds, Lending Club is open for interpretation depending on how things shake out from here. This is just the headline news from PYMNTS since the start of 2016. Caper Film . Director: Steven Soderbergh.

Apple

Apple Payments New York City Lending

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

Fintech Labs Insights

MAY 2, 2016

P2P lending platform. Ecommerce payments fraud technology. 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.

San Francisco

San Francisco New York City Company Fintech

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: 10 Companies Raise $80 Million Week Ending June 4

Fintech Labs Insights

JUNE 5, 2015

HQ: New York City. Online platform for investing in “deep technology” startups. HQ: Redwood City, California. HQ: New York City. HQ: New York City. Tags: Crowdfunding, P2P lending, commercial real estate, mortgage, investing. Source: Geekwire.

New York City

New York City Company Fintech New York

Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

APRIL 13, 2016

HQ: Minnesota City, Minnesota. P2P lending platform. Messaging technology for financial institutions and others. HQ: New York City. HQ: New York City. HQ: New York City. Financial trade automation technology. Total raised: $80 million. Source: Crunchbase.

New York City

New York City Company Fintech Minnesota

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

Fintech Labs Insights

APRIL 4, 2016

HQ: New York City. Real estate transaction management technology. HQ: California City, California. HQ: New York City. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Latest round: $100 million Series E ($700 million valuation). Source: Finovate.

New York City

New York City Company Fintech California

Artificial Intelligence: Find it Right in Your Own Backyard

FICO

OCTOBER 26, 2016

But while AI is heralded as amazing new technology, it is in fact an amazing 30+-year-old, proven technology. 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. FICO Score. Marketing offers.

Analytics

Analytics Fraud New York City social media

Artificial Intelligence: Find it Right in Your Own Backyard

FICO

OCTOBER 26, 2016

But while AI is heralded as amazing new technology, it is in fact an amazing 30+-year-old, proven technology. 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. FICO Score. Marketing offers.

Analytics

Analytics Fraud New York City social media

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

Fintech Labs Insights

SEPTEMBER 19, 2016

17 million to Upguard for its cybersecurity technology. 5 million to CUneXus to expand its consumer lending platform. BPS Technology. Consumer lending platform. HQ: New York City. SMB lending marketplace. HQ: New South Wales, Australia. HQ: New York City. HashRabbit.

San Francisco

San Francisco New York City Fintech Company

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

Fintech Labs Insights

NOVEMBER 12, 2015

Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. And we are not sure if the NCR inflow should even be considered “new money.” HQ: New York City.

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

JULY 12, 2016

Qingshongchou Network Technology. HQ: New York City. HQ: New York City. HQ: New York City. HQ: New York City. Alt-lending. Tags: Consumer, merchants, POS, point of sale financing, lending, credit, underwriting. Total raised: $36.3 SeedInvest.

New York City

New York City Company Fintech San Francisco

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: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

DECEMBER 30, 2015

Bowers is the founder of iPay Technologies, which demoed at the first Finovate in 2007, was acquired by Jack Henry in 2010. Blockchain technology. Chronos Technologies. F0rex trading technology. HQ: New York City. HQ: New York City. Source: Crunchbase. Prestiamoci. million Series.

Company

Company New York City Fintech Kentucky

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

Fintech Labs Insights

OCTOBER 19, 2015

HQ: New York City. HQ: New York City. HQ: Oklahoma City. Real estate technology. HQ: New York City. HQ: New York City, Hong Kong. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). Source: TechCrunch.

New York City

New York City Company Fintech New York

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. Emailage raised an undisclosed sum for its fraud prevention technology keyed off email address. Alt-lender focused on lending against existing automobile titles.

Company

Company New York City Fintech Colorado

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. Anil Nair, SVP Engineering.

San Jose

San Jose New York City Lending New York

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: 24 Companies Raise $560 Million Week Ending Jan 8

Fintech Labs Insights

JANUARY 13, 2016

HQ: New York City. Lendful Financial. Blockchain technology. HQ: New York City. Consumer lending software for financial institutions. Healthcare payment technology. Tags: Consumer, credit, lending, loans, underwriting, enterprise, Finovate alum. Total raised: $319.7

Company

Company New York City Fintech Lending

Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

Fintech Labs Insights

OCTOBER 1, 2015

HQ: New York City. Cloud Lending Solutions. Enterprise lending platorm. HQ: New York City. Safe Cash Payment Technologies. Tags: Commercial lending, loans, secondary market, enterprise. But even without that massive inflow earmarked for U.S. Total raised: $1.73 billion in debt).

San Francisco

San Francisco Company Fintech New York City

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

Fintech Labs Insights

JUNE 6, 2016

Payments technology. Blockchain technology . Healthcare & insurance technology. 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

Company

Company Fintech San Francisco New York City

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. Compliance & risk-management technology. Tags: P2P, mortgage, peer-to-peer, investing, crowdfunding, lending, underwriting, credit.

San Francisco

San Francisco Company Fintech Albuquerque

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

Finovate Debuts: LiftForward Allows Clients to Offer Risk-Free Purchase Financing

Fintech Labs Insights

DECEMBER 11, 2015

While these statements sound like a Luddite’s mantra, they are the basis for LiftForward’s new platform. LiftForward launched in 2013 as a marketplace loan platform where investors lend small businesses up to $1 million. Headquartered in New York City. Metrics: 10 employees. Founded 2013.

New York City

New York City Case Study New York Lending

Fintech Fundings: 17 Companies Raised $580 Million Week Ending July 31

Fintech Labs Insights

JULY 31, 2015

About 80% of the money this week ($479 million) flowed to Finovate and FinDEVr alums, our biggest week ever (not including the Lending Club IPO which raised $865 million). To put that in perspective, during all of 2014 our alums raised just over $1 billion (excludes IPOs (Yodlee, OnDeck, and Lending Club). HQ: New York City.

San Francisco

San Francisco Fintech Company 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. Clarus Financial Technology. HQ: New York City. Tags: Accounting, Intuit (partner), commercial lending, SMB. Source: Crunchbase. Electronic trading marketplace for corporate bonds. Latest round: $25 million. Total raised: $25 million.

Los Angeles

Los Angeles New York City San Francisco Company

Quilo introduces real-time loan syndication network

Helping Investors Avoid The Lending Club Trap

Webinars

Trending Sources

Lull Hits B2B FinTech Venture Capital Funding

Webinars

FTC Issues Annual ECOA Report to CFPB

B2B Tech Startups Land Backing To Modernize The Enterprise

Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

Investors Haven’t Forgotten About Alternative SMB Finance

Digital Lending & The Biggest Conference Bankers Aren’t Attending

Commercial Real Estate Insights

More on Comptroller Curry’s remarks at LendIt USA conference

Strategies for fighting remote authentication fraud

Trust And Speed Light A New Path To Omnichannel Retail

A Regulatory Oversight?

CEO Roundtable: Ideas for a successful 2023

OnDeck Adds New Small Business Lending Options

The Battle of the Bulge, Waged Digitally

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

The ICBA 22/23 executive committee is all in

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

Payments Summer Blockbusters Waiting To Be Written

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

Director Cordray and Comptroller Curry speak at LendIt USA conference

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

Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

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

Artificial Intelligence: Find it Right in Your Own Backyard

Artificial Intelligence: Find it Right in Your Own Backyard

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

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

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

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

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

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

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

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

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

Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8

Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

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

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

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

Finovate Debuts: LiftForward Allows Clients to Offer Risk-Free Purchase Financing

Fintech Fundings: 17 Companies Raised $580 Million Week Ending July 31

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

Stay Connected