Bank Innovation

NOVEMBER 22, 2017

EXCLUSIVE – The latest in PayPal’s busy week: the payments company is now letting users create an invoice through the Facebook Messenger service, expanding on its recent partnership with the social media platform to enable P2P payments through Facebook’s chat service.

social media 321

social media Payments Company Online 321

Bank Innovation

JANUARY 28, 2019

BMO Harris Bank did itself a favor by being responsive to questions and criticism on social media from customers locked out of their digital accounts with the bank this past week, according to Adrenaline, an experience design company.

social media 186

social media Chicago Mobile Company 186

CFPB Monitor

FEBRUARY 23, 2021

The New York Department of Financial Services (DFS) recently announced that it has entered into an agreement with Hunt Mortgage , a licensed mortgage banker, to address the DFS’s findings that there was a “demonstrable lack of lending to minorities and in majority-minority neighborhoods in Western and Central New York by Hunt Mortgage.”

New York 78

New York Lending Report Policies 78

Bank Innovation

JUNE 12, 2018

That according to new documents released yesterday by Congress that contain written responses from the social media company on its data and privacy […].

social media 207

social media Data Company Operations 207

Bank Innovation

FEBRUARY 7, 2019

Wells Fargo customers nationwide are experiencing technical difficulty accessing the San Francisco-based bank’s online and mobile banking services.

San Francisco 170

San Francisco Online Mobile System 170

PYMNTS

MAY 31, 2016

Given that for a few short years, very prominent executives at the biggest banks in the world were publicly worry that the emerging marketplace and online lenders were amassing in the wings and waiting to eat their lunch, one might expect that recent pyrotechnics in the sector were not a totally unwelcome sight. While both of the two U.S.

Lending 100

Lending Online social media America 100

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. His recent research reports have covered SMB lending, alternative lenders and automating commercial lending.

social media 150

social media Lending Community Community Bank 150

Gonzobanker

AUGUST 17, 2022

Thankfully, there was still a smartphone and social media to commiserate. Lending Tech With Almost Steady Grades (Even With Rough Semesters). Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

APRIL 22, 2020

The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. The ruling Communist party in Vietnam does not tolerate dissent and has strict media censorship in Vietnam, leading to new cybersecurity laws in January.

Payments 154

Payments social media Groups Taxes 154

PYMNTS

AUGUST 5, 2019

Although local branches will be given autonomy to make lending decisions, bank officials will analyze data — including social media sentiment towards any borrower. Nobody likes to do things online only,” Jonathan Thompson, CEO and co-founder of B-North, said, according to Growth Business. “We

social media 139

social media Lending Capital Data 139

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. It cautions that any use of the technology should be “approached with an awareness of the risks,” and be subject to fair lending compliance measures.

Lending 130

Lending social media Compliance Regulation 130

Bank Innovation

APRIL 27, 2018

From those that focus on payments or mobile, to the ones leveraging social media, blockchain, and artificial intelligence, there’s a global hoard of startups that want to muscle into the banks’ territory […].

social media 186

social media blockchain Mobile Fintech 186

PYMNTS

MAY 8, 2018

Given that the average American checks his Facebook page some 14 times a day, the social media giant’s decision to expand into online dating is less than shocking. 20,000: The enrollment goal for the Jaza Duka (“fill up your store”) lending platform by the end of the year. Some pair-ups are just predictable, after all.

social media 100

social media Apple Lending Online 100

Abrigo

DECEMBER 17, 2019

The types of compromised accounts that are commonly available and most popular on account markets are financial (bank, investments, brokerage), e-commerce, online payments, dating sites, mobile / telecommunications, social media, and email. Lending & Credit Risk. Learn More. Fraud Prevention. Learn More. Learn More.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

FEBRUARY 2, 2021

To an extent, that same spirit and intention is behind the recent spate of government approvals for online gambling. That leads to the product of said online activity — and that’s money. It removes stigma of “dark and illegal” and inserts “fun and entertaining.” Next Steps.

Tennessee 262

Tennessee Payments social media Regulation 262

CFPB Monitor

SEPTEMBER 14, 2020

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Fair lending. Payday lending. Key findings are described below. Consumer reporting.

Lending 78

Lending Report Regulation Exercises 78

PYMNTS

JULY 2, 2020

Interest in SMB lending overall has therefore sharpened in recent months as legacy banks, digital-only FinTechs and lenders have moved to close the PPP’s gaps, but quick disbursements still remain a priority for waiting SMBs. How the Pandemic Is Driving SMB Lending Innovation.

Lending 198

Lending social media Industry United States 198

PYMNTS

AUGUST 18, 2019

Waters has been a vocal critic of the social media giant’s plans for its own digital currency. It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. Last month she — along with Reps. government has over monetary policy.

US 173

US social media Policies cryptocurrency 173

PYMNTS

MAY 31, 2019

The CU once had an issue in which a child was so excited to receive a debit card that they posted a photo of it on social media, number included. Youth members also tend to be smartphone-savvy, and many returning borrowers take advantage of the opportunity to apply online. . Children’s inexperience often shows through, too.

Community 115

Community Lending social media Cards 115

PYMNTS

MARCH 10, 2020

In a recent conversation with PYMNTS, Raghav Mathur, head of data science and analytics at Singapore-based Grab Financial Group , discussed the opportunities in data technology that can address the region’s most pressing SMB lending needs. Improving The SMB Lending Experience. Asymmetric Information Exchange.

Data 193

Data Lending Capital social media 193

Let's Talk Payments

APRIL 19, 2016

According to a report, mobile commerce is estimated to reach $278.9 billion by 2018. With this increase, there comes a shift in the way we make payments across the globe.

social media 40

social media Fintech Mobile Report 40

Gonzobanker

JULY 13, 2023

With their focus on consumer lending, credit unions are especially interested in this technology. However, in both supervised and unsupervised machine learning, bankers need to keep in mind that models develop biases that might not comply with things like fair lending and Community Reinvestment Act regulations.

Technology 78

Technology Software social media Fraud 78

PYMNTS

NOVEMBER 25, 2016

Harris Poll and CIT Group, a provider of commercial lending and leasing services, recently released the results of a survey they conducted on how middle-market retailers felt about their sector’s financial health. This was followed by social media presence and digital marketing, with 57 percent and 50 percent, respectively.

Retail 100

Retail Marketing social media Online 100

PYMNTS

JUNE 19, 2020

the Beijing-based online shopping site, collected record sales during their annual 618 sale, named for the date it ended, June 18 (Thursday). Facebook has purchased Mapillary in the social media giant’s efforts to expand open mapping efforts. Alibaba, JD.com Net $136B In China’s Biggest Annual Shopping Event.

Payments 141

Payments social media Tools Resources 141

PYMNTS

OCTOBER 8, 2019

Today in the payments news roundup, Affirm has launched a new app that will let customers use the service to pay almost anywhere online or in the real world. Domino’s Supreme Court Decision Spotlights Online Web Accessibility . Max Levchin On The Future-Present Of Everywhere POS Lending.

social media 109

social media Payments Online cryptocurrency 109

PYMNTS

AUGUST 11, 2017

However, this case shows how they are now trying to exploit holes in the vast online financial world. A spokesman for eBay said the company “has zero tolerance for criminal activities taking place on our marketplace” and that they are working with law enforcement officials on the case.

US 106

US Maryland social media United States 106

Accenture

MAY 7, 2019

This got me thinking—in the Instagram and Facebook era of instant online gratification, just how important is the ability to create a relationship with a bank at the swish of your mobile? Does everything have to be all singing and dancing online and in real time or is it more subtle than that? The Know-Your-Customer (KYC) conundrum.

Customer Experience 178

Customer Experience Online Millennials social media 178

PYMNTS

SEPTEMBER 28, 2020

The Predatory Lending Trap. In today's social media age, that client could post negative reviews of a company online, which not only creates bad PR for a business, but effectively ends the business-customer relationship on a painfully negative note.

social media 215

social media Capital Fintech Operations 215

PYMNTS

APRIL 22, 2016

The online tech and finance sector in China has grown by leaps and bounds, but that means that “fly-by-night” and other dubious payments firms and activities must be more closely monitored. FT noted that some analysts feel competition is hobbled by a social media presence.

Regulation 100

Regulation social media Fintech Lending 100

Bank Innovation

MARCH 16, 2016

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. 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

Bank Innovation

JULY 12, 2018

The landscape of payments, lending, artificial intelligence might seem bustling thanks to all the industry hoopla around it, but the success rate for a startup to make it in these fields — or for that matter any of 15-plus fintech segments — is slim. Most fintech startups don’t survive. Well, according to a […].

Fintech 247

Fintech Lending Industry Payments 247

PYMNTS

MARCH 31, 2017

Take a look at the logistics startup that grabbed more than half of that amount to disrupt India’s logistics space and which other industries secured VC financing — including alt lending, software-as-a-service (SaaS) and eProcurement. Alt Lending. Nigeria-based Lidya announced this week that it raised $1.25

Fintech 100

Fintech social media Capital Lending 100

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. “Lenders’ primary goal is to assess a consumer’s stability, ability and willingness to pay.

Data 100

Data social media Lending Tools 100

PYMNTS

SEPTEMBER 13, 2017

Meanwhile, Zhang Min, Yucheng’s president, and 24 others were sentenced for three to 15 years, noted Reuters, citing an article on the Beijing Courts social media account. billion and impacted more than 900,000 investors who were utilizing its P2P lending platform within the country.

social media 100

social media Fraud Groups Lending 100

PYMNTS

OCTOBER 31, 2019

Electronics eTailer CompSource recently sought to update its AR capabilities to enable its customers to pay for online purchases in installments. The new solution furnishes media companies with loans in exchange for the borrowers’ anticipated AR payments. Giving AR A Social Media Upgrade.

Meeting 103

Meeting social media Tools Report 103

PYMNTS

JULY 27, 2020

Digital banking and eCommerce are making rapid gains in 2020 as consumers turn to online channels to make purchases and avoid potential exposure to COVID-19. Troves of personal data are publicly available on social media or have been leaked from data breaches, Kelly noted, making it easy for bad actors to provide seemingly valid information.

Data 146

Data Fraud US social media 146

PYMNTS

NOVEMBER 12, 2019

For instance, such informal lending means arbitrary interest rates and repayment agreements. One of the most common challenges in the small business lending space overall is a lack of credit profile, forcing lenders to turn to personal financial information to make a decision about whether or not to lend to a small business.

Lending 102

Lending Analysis America Strategy 102