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.

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Risk Management Management Lending Capital 221

PYMNTS

APRIL 7, 2017

LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. According to a report in Fortune , Upgrade of San Francisco, Calif.,

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Online San Francisco Utah Lending 100

PYMNTS

NOVEMBER 13, 2020

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Consumers and Banks Both Like Online Auto Loans. Consumers are apparently so glad to dump the back-office haggle between dealer and bank that roughly one-third of car buyers are now doing the loan process online, J.D.

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Online San Francisco Trends Marketing Strategies 214

Perficient

FEBRUARY 17, 2023

Embedded Payments A 2022 study published by the Federal Reserve Bank of San Francisco noted that app payments increased as a percentage of total consumer purchases from 11% in 2019 to 15% in 2020, to 29% in 2021.

San Francisco 275

San Francisco Cards Online Payments 275

Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE— Shares of San Francisco-based online lender, LendingClub, fell as much as 11% yesterday after the company missed profit estimates and more than doubled its losses in its fourth quarter. The lender also grew its originations from last year, though its growth in that area remained flat from 3Q17.

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San Francisco Online Report Company 199

Bank Innovation

AUGUST 15, 2017

This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin. The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space.

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San Francisco Retail Lending Company 170

PYMNTS

MAY 18, 2016

Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late on Monday (May 16) in San Francisco that claims that the online lender inflated its share price by not being transparent about the company’s issues with managing itself.

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Lending San Francisco Online Management 100

PYMNTS

JUNE 23, 2016

The online lending landscape may get rockier as federal regulators are eyeing whether to bolster their oversight on loans extended to small businesses. The key is whether the borrowers are able to understand, and are presented with, the nuances of their lending agreements.

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Lending Regulation San Francisco Online 100

Bank Innovation

OCTOBER 17, 2017

After a tumultuous few weeks, online student lender Social Finance, or SoFi as it is better known, is withdrawing its bank license application. A few weeks […].

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San Francisco Online Lending Mobile 170

Bank Innovation

MARCH 9, 2018

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

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San Francisco Fintech Innovation Technology 276

PYMNTS

JULY 19, 2016

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. Dunne is well known in financial circles and his appointment is seen as a boon to the beleaguered Lending Club.

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Lending Capital San Francisco Fintech 100

Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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San Francisco Fintech United States Marketing 236

PYMNTS

NOVEMBER 17, 2016

Renaud Laplanche, Lending Club’s former CEO, is back with a new internet lending startup called Credify Finance Corp. But despite its early status, Credify comes into the market pre-wired for lots of attention — since its founder is both famous and infamous in online lending circles. Department of Justice.

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Lending San Francisco Delaware Online 100

Bank Innovation

SEPTEMBER 13, 2017

This makes sense, since the San Francisco-based digital bank’s mobile app is currently only available on iOS. EXCLUSIVE- SME banking app, Seed, is gearing up to roll out a tool that supports Apple iPhone X’s new Face ID feature, Bank Innovation learned.

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San Francisco Tools Apple Mobile 240

Bank Innovation

OCTOBER 18, 2017

The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free. EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers.

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San Francisco Survey Digital Banking Innovation 236

Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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San Francisco Fintech Innovation Security 186

PYMNTS

SEPTEMBER 4, 2019

Small business lending platform Kabbage has announced the acquisition of data analytics platform Radius Intelligence. The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said.

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Analytics Data San Francisco Lending 137

PYMNTS

SEPTEMBER 17, 2020

the San Francisco-based peer-to peer lending firm and OnDeck Capital, the New York-based online small business lending company, which went public at the time were already trading down, Housing Wire reported.

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San Francisco New York Lending California 160

PYMNTS

APRIL 10, 2020

Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 The deal follows JetBlue’s announcement that it has temporarily consolidated service in Boston, Los Angeles, New York City, San Francisco and Washington, D.C.

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PYMNTS

AUGUST 15, 2018

According to reports in the LA Times , CashCall is no longer offering an online loan application on its website, and a call to customer services indicated that CashCall officially stepped out of the personal loans to consumer businesses about a month ago. At least, they did. The California Court Loss. There’s no bright line,” she said.

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Lending California Marketing San Francisco 101

Bank Innovation

FEBRUARY 23, 2017

The San Francisco-based company processed $13.7 Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. billion in payments in the fourth quarter of 2016, compared with $10.2 billion in the same quarter last year. Read More.

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San Francisco Capital Cards Mobile 210

American Banker

DECEMBER 31, 2020

The regulator's order moves the San Francisco-based company one step closer to becoming the first online lender to own a bank.

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San Francisco Regulation Online Company 92

Bank Innovation

JUNE 28, 2018

For the task, San Francisco-based Bento raised $9 million in a new round of funding today. Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad.

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San Francisco Millennials Tools Management 170

PYMNTS

AUGUST 5, 2020

4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its mobile payment app. Square Capital, the company’s lending division, reported a drop in revenue after it stopped issuing most new loans in the quarter. Square saw its shares skyrocket Tuesday (Aug.

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San Francisco Capital Taxes Lending 218

Bank Innovation

APRIL 12, 2016

This week we’re looking at a lending Read More. Last week Money 20/20 lent its fintech passion to #Copenhagen, whose reach surpassed a staggering 3.2 million in a three-day period last week, surpassing other fintech satellite cities #NewYork and #London, the latter of which barely broke one million during the same three-day period.

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Lending Fintech San Francisco Online 150

PYMNTS

DECEMBER 8, 2020

Plus, online lending startup SoFi is looking to go public through a SPAC. Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company to debut on the stock market. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021.

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San Francisco Community Bank Video Capital 130

American Banker

DECEMBER 29, 2016

Online lenders could be opening doors for female entrepreneurs; the San Francisco Fed's Mary Daly talks about closing the gender gap in the research department; Barclays' UK diversity chief shares mentor-mentee relationship tips; Centric's Patti Husic creates a millennial advisory board.

San Francisco 44

San Francisco Online Lending Millennials 44

PYMNTS

SEPTEMBER 23, 2020

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. The cash will be used to grow its online mortgage, consumer loan and deposit accounts, the company said. Blend , the home loan tech startup, isn’t done growing. based early growth, FinTech-focused venture capital firm.

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San Francisco Washington Survey Data 180

PYMNTS

AUGUST 5, 2019

The San Francisco-based Credible Labs gives Fox a footing in personal lending as it seeks new investments following the $71 billion sale of its entertainment assets to Disney in 2018. The non-bank and online lending sector is developing fast in Australia, where it has a 32 percent share of the APAC alternative finance market.

San Francisco 108

San Francisco Lending Digital Strategies Marketing 108

PYMNTS

NOVEMBER 20, 2020

Modulr helps digital businesses in fields like lending, banking, travel, FinTech, employment services and accounting to build new payment products for customers, the release stated. The San Francisco-based company said in a Thursday (Nov. The DMA tackles the misuse of “market clout” by digital gatekeepers.

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Cards Payments San Francisco Tools 196

PYMNTS

OCTOBER 17, 2019

Online banking startup Chime has been hit with an outage that has left its 5 million customers with no access to their money. San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. Earlier this year, it reached a valuation of $1.5

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

Disruptive Finance

JANUARY 28, 2016

It will take place in San Francisco on 11/12 April at the San Francisco Marriott Marquis If you had to choose one event about p2p lending, marketplace lending, online, digital lending (I am a bit lost with all these new developments…), then Lendit is(.).

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San Francisco Conference Lending Online 40

PYMNTS

FEBRUARY 1, 2018

Social Finance — the online lender better known as SoFi — will be laying off dozens of workers in its mortgage division, despite the fact that the home loans department was one that the firm was holding up as a potential generator for future growth. But mortgage lending has remained a comparatively small business for SoFi, with about $3.7

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San Francisco Lending Examples Report 100

PYMNTS

MAY 4, 2016

Prosper is one of several online-based marketplace lenders suffering from falling profits as investor interest in buying consumer loans is softening. 40 million | What Prosper paid to acquire medical-lending firm American Healthcare Lending LLC and personal-finance startup Billguard Inc. So just how rough is the sledding?

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San Francisco Phoenix Utah Data 100

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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Online Company Retail Payments 98

PYMNTS

APRIL 25, 2018

LendingClub , the online lender that was once a favorite of Wall Street investors, saw its stock hit a record low on Wednesday (April 25) after it faced allegations by regulators in the U.S. As a result of the FTC complaint, Bloomberg noted the online lender’s stock fell 14 percent to $2.80 a share, off 32 percent so far this year.

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San Francisco Online Regulation Report 100

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. Typical Practices of Online Lenders. capital policy.

San Francisco 70

San Francisco Lending New York City Online 70