Bank Innovation

JANUARY 19, 2017

Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently. Luckily, SoFi and Coinbase just got theirs. Read More.

New York 150

New York Operations Bitcoin Lending 150

CFPB Monitor

JANUARY 6, 2021

On December 23, 2020, New York Governor Andrew Cuomo signed into law S 5470 – B , which requires consumer-like disclosures for “commercial financing” transactions of $500,000 or less. New York’s commercial financial law (NYCFL) states that it takes effect on the 180 th day after becoming law, which is June 21, 2021.

New York 78

New York Regulation Security Payments 78

PYMNTS

JANUARY 6, 2020

Chinese firm OneConnect , a blockchain-based small business (SMB) lending platform owned by insurance giant Ping An, has launched a new portal to facilitate SMB lending in the Guangdong province, the company announced on Monday (Jan.

Lending 130

Lending Data blockchain New York 130

CFPB Monitor

JANUARY 24, 2019

According to an American Banker report , Chris D’Angelo, the CFPB’s Associate Director of Supervision, Enforcement and Fair Lending, has announced that he is leaving the Bureau to serve in the Office of the New York Attorney General as Chief Deputy Attorney General for Economic Justice. Consumer Frauds & Protection.

New York 60

New York Report cryptocurrency Lending 60

Let's Talk Payments

SEPTEMBER 12, 2017

New York is one of the hottest FinTech hubs globally and is known to be a notable hub of innovation. For talented entrepreneurs looking to explore New York as the.

New York 111

New York Fintech Industry Innovation 111

PYMNTS

APRIL 13, 2018

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. According to Bloomberg , several sources said that Kabbage plans to use Orchard’s technology. It focuses on small businesses and licenses technology to banks, much like Orchard.

Lending 108

Lending Data Marketing New York 108

Bank Innovation

APRIL 19, 2017

Among the endless rows of tech startups from all imaginable industries– from rideshare, to edtech, and beauty– seven fintechs rose to show off their latest during the TechDay event in New York yesterday. Qplum The startup, launched […].

Fintech 294

Fintech New York blockchain Lending 294

Gonzobanker

DECEMBER 4, 2019

Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending. Lending is a great area of a bank for analytics to grow from naturally. Meridianlink.

Analytics 100

Analytics Lending Fintech Leadership 100

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 52

New York City New York Lending Technology 52

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

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 101

Lending New York City Online Fraud 101

Bank Innovation

MARCH 16, 2016

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. Lenny is meant for mobile (of course) and launched today in California.

Millennials 150

Millennials Mobile Florida Lending 150

Bank Innovation

DECEMBER 6, 2017

EXCLUSIVE – Authentication solution provider Hypr has received a sizable investment from Mastercard to expand its technology to Mastercard’s ecosystem as well as major banks and financial institutions. Today’s round was led […].

New York 284

New York Technology Online Capital 284

PYMNTS

AUGUST 5, 2020

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. If approved, Rocket would be listed on the New York Stock Exchange, under the ticker “RKT.”. Last month, Gilbert sought an IPO for $3.3

Cleveland 233

Cleveland Detroit New York Company 233

Bank Innovation

SEPTEMBER 6, 2019

As banks increasingly take transactions to digital channels, the process to acquire customers also is shifting online thanks to technology that matches product offers to customers based on data. This week, the New York-based company confirmed a $25 […].

New York 170

New York Online Data Technology 170

Banking 2020

JANUARY 20, 2015

It’s easy to get bogged down in the endless debate over the mingling of banking technology. We all acknowledge that as new tools emerge for both institutions and their customers, the fundamental dynamic between the two sides will continue to evolve. The banking technology more than the banker will actually make the call.

Technology 40

Technology Lending social media Analytics 40

PYMNTS

SEPTEMBER 20, 2018

Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Swimming against that tide is China-based P2P lending provider X Financial. Technology serves as an advantage for X Financial, even beyond its underwriting engine. The company has facilitated 1.7 million loans, and has 1.3

US 166

US Lending New York Cards 166

PYMNTS

AUGUST 2, 2020

But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. Rosati got a $30,000 PPP loan from a financial technology company and transferred the funds to Grasshopper Bancorp Inc. , When Fathom Unlimited Inc.

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. ” Analysis has also found that community banks are playing a larger role in small business lending. .”

Community Bank 134

Community Bank Community Lending Analysis 134

PYMNTS

AUGUST 16, 2019

15) that it will launch regional commercial banking operations in New York and Los Angeles in an effort to grow its corporate client base and connect existing business customers in the markets with its senior banking professionals. The bank announced Thursday (Aug. The bank is targeting the middle-market and niche clientele, it noted.

Los Angeles 101

Los Angeles New York FDIC Lending 101

BankInovation

MARCH 8, 2021

New York-based Lendsmart automates and digitizes the lending and home buying operations for banks, credit unions and nonbank lenders. It leverages APIs and artificial intelligence technology to automate manual processes and its platform can be white-labeled and customized.

New York 49

New York Lending Technology Operations 49

PYMNTS

JUNE 10, 2020

Our team exists to fuel seller growth, period,” Ragui Selwanes, head of Amazon Lending, said in a statement. The collaboration is a coup for Goldman Sachs because it gives it access to thousands of Amazon merchants as the New York-based financial services group fuels its push into Main Street finance. percent to 20.99

New York 179

New York Lending Maine US 179

PYMNTS

MAY 31, 2019

Speaking at an investors conference in New York, the executive said he was “not convinced” that faster payments “are going to take off like crazy. PayPal Hits $10B SMB Lending Milestone. Visa CEO Throws Shade On Real-Time Payments. Does the consumer really need the funds that much faster?”.

Lending 122

Lending Payments Apple social media 122

PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The SEC filed its complaint against Qin and Virgil Capital in the Southern District of New York on Dec.

Capital 175

Capital Security cryptocurrency Fraud 175

PYMNTS

AUGUST 8, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. It also illegal to attempt to collect one.

Puerto Rico 134

Puerto Rico Regulation New York South Dakota 134

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. None of the information on the database, which held 86 million lines of daily updating records of the lending platform, was encrypted.

Regulation 108

Regulation Bitcoin New York Online 108

PYMNTS

JULY 2, 2020

Payroll card provider Global Cash Card has reportedly lost its legal battle against the New York Department of Labor, which had imposed regulations on payroll card companies in an effort to protect employees against unfair fees. ADP Eyes Payroll Card Adoption Jump. Galileo Launches Contractor Pay Card.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

JANUARY 22, 2020

Among the biggest benefits of virtual cards in the B2B travel arena is security, she said, adding that virtual card technology enables managers to define and set controls on spend limits based on price, category and more, while boosting visibility into transactions. NatWest Bolsters SMB Loans With Cards. Edenred Grows Payroll Card Presence.

Cards 131

Cards New York Lending Strategy 131

PopularBank

JUNE 1, 2021

Popular Bank Senior Vice President and Head of Commercial Banking Ken Mitchell joined fellow industry leaders to discuss commercial real estate insights during the virtual Mortgage Bankers Association of New York ( MBA of NY ) Lender Roundtable on May 11, 2021. Identifying Commercial Real Estate Lending Bright Spots.

New York 52

New York New York City Lending Industry 52

PYMNTS

DECEMBER 17, 2018

The Federal Reserve began raising interest rates about three years ago from almost zero, and after the financial crisis, many small and regional banks ramped up their lending with long-term and low-rate loans. While profit margins for lending at all sizes of banks are still rising, smaller banks’ profit margins have begun to go south.

Virginia 144

Virginia Lending New York National 144

Jeff For Banks

MAY 20, 2017

and New York Community Bancorp called off their planned merger. Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

MAY 31, 2019

It also plans to spend $4 billion technology this year per John Waldron, the bank’s president, who made the remarks at a Bernstein conference in New York, the Financial Times reported. As part of its strategic plan, investment firm Goldman Sachs aims to win the business of more mid-sized companies.

Conference 180

Conference Florida New York Lending 180

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

PYMNTS

JANUARY 23, 2019

Payments company Swift Prepaid Solutions and small business financier Bitty Advance are collaborating on technology to accelerate small businesses’ access to merchant cash advances. The probe centers upon whether some companies have deployed predatory practices or fraud, Bloomberg reported at the time, citing an unnamed source.

Samsung 162

Samsung New York Branding Apple 162

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 202

Capital Fintech New York City Security 202

PYMNTS

DECEMBER 13, 2019

At the same time, the New York Stock Exchange has submitted a proposal for a direct listing-style alternative to the IPO , while FinTech Uncapped recently spoke with PYMNTS about connecting small businesses to capital via revenue-based financing, described as a tool that sits somewhere between venture capital and a traditional bank loan.

New York 130

New York Capital Fintech Leadership 130

Bank Innovation

MAY 1, 2017

first was Yirendai in 2015), China Rapid Finance is confident its new listing on the New York Stock Exchange will lead to growth. As only the second Chinese online lender to go public in the U.S.

New York 253

New York Online Company Lending 253