PYMNTS

JUNE 26, 2020

Many banks braced themselves for an oncoming surge in the number of consumers accessing their financial accounts online or via mobile banking apps, but safely and seamlessly providing that access remained tricky for many in the space. The Tracker also analyzes how the use of cloud technology can help FIs stay on top of that shift.

Meeting 227

Meeting Mobile Digital Banking Tools 227

CFPB Monitor

JUNE 15, 2022

Specifically, SB 1235 defines a “provider” to include “a nondepository institution, which enters into a written agreement with a depository institution to arrange for the extension of commercial financing by the depository institution to a recipient via an online lending platform administered by the nondepository institution.”.

California 78

California Regulation CA Utah 78

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.

Online 98

Online Company Retail Payments 98

PYMNTS

APRIL 17, 2018

PayPal said when combined, the technology can help retailers synchronize online inventory with products in stores. The firm has deals in place with a Delaware bank to issue debit cards, as well as another agreement with a Georgia bank to deposit checks via photo and Utah-based banks for lending activities.

Delaware 101

Delaware Utah Georgia ATM 101

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?

San Francisco 100

San Francisco Phoenix Utah Data 100

PYMNTS

MAY 4, 2016

According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team. The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door.

San Francisco 100

San Francisco Phoenix Utah Lending 100

PYMNTS

JUNE 13, 2017

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. SoFi has confirmed the news.

FDIC 100

FDIC Utah Millennials ATM 100

CFPB Monitor

OCTOBER 6, 2022

Unless it settles, it creates a risk to the viability of bank model online lending that is structured like OppFi’s Program. It also alleges that loans made by a state-chartered bank are exempt from the CFL’s rate cap pursuant to the usury exemptions for state-chartered banks in the state’s Constitution and the CFL.

California 78

California FDIC Analysis Utah 78

PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5 TripActions.

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

OCTOBER 17, 2017

All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108

Industry Fintech FDIC Community Bank 108

Fintech Labs Insights

APRIL 15, 2022

While it’s difficult to profit from the deposit side of the business, business lending can be highly lucrative. And most, if not all, challenger banks have lending on their short-term roadmap. HQ: Salt Lake City, Utah. Online Digital Banks for Small Businesses (SMB) April 2022. Status: Accepting account applications.

Utah 15

Utah Lending Digital Banking Fintech 15

MyBankTracker

MAY 22, 2020

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. Unlike Oportun, traditional lenders usually look at your credit score when making a lending decision. Designed for borrowers with no credit.

Idaho 52

Idaho Lending Alabama Wisconsin 52

Fintech Labs Insights

NOVEMBER 4, 2021

The company says it has facilitated more than $12B in loans over its life ($10B was PPP lending) to more than 300,000 businesses (213,000 were PPP loans) (source: company website 4 Nov 2021). Lendio primarily markets directly to business owners online. HQ: Salt Lake City, Utah. Lendio maintains an impressive 4.7 Credit cards.

Utah 15

Utah Google Cards Lending 15

Fintech Labs Insights

MAY 12, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. 1,050,000.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

NOVEMBER 19, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. CAN Capital.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. CAN Capital.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. CAN Capital.

Atlanta 15

Atlanta Utah Miami DC 15

PYMNTS

DECEMBER 5, 2016

CAN Capital, the small business online lender, has announced that its CEO is on a leave of absence. The shakeup at the online lender comes just a few months after it announced a big milestone: providing small businesses with access to more than $6 billion of working capital. Try To Branch Out — End Up Doing Some Executive Pruning.

Capital 100

Capital San Francisco Bitcoin United States 100

Fintech Labs Insights

APRIL 30, 2015

HQ: Provo, Utah. Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Online real estate investment platform. Tags: Peer-to-peer, P2P, lending, investing. Source: Crunchbase. MX (formerly MoneyDesktop). Digital banking platform for financial institutions. Source: Finovate.

Las Vegas 12

Las Vegas Company North Carolina Fintech 12

Fintech Labs Insights

JUNE 16, 2016

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 EZBob landed a $25 million debt commitmen t to increase its SMB lending. HQ: Lehi, Utah. Real estate marketplace lending. Online cap table management. HQ: Sandy, Utah. Tink raised $10.2

San Francisco 12

San Francisco Company South Carolina New York City 12

Fintech Labs Insights

JUNE 25, 2015

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). HQ: Salt Lake City, Utah. Payments gateway for online marketplaces. Online investment manager. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation.

Puerto Rico 12

Puerto Rico St. Louis Fintech Company 12

Fintech Labs Insights

JULY 12, 2016

Online insurance. HQ: Salt Lake City, Utah. Alt-lending. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Total dollars raised YTD is now $16 billion, nearly double the $8.4 billion raised during the same period a year ago. ——-. Fintech deals by size from May 28 to 3 June, 2016: Partners Life.

New York City 12

New York City Company Fintech San Francisco 12

Fintech Labs Insights

APRIL 4, 2016

Consumer online investment platform. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Latest round: $150 million Private Equity. Total raised: Unknown. HQ: Minneapolis, Minnesota. Source: Crunchbase. Betterment. Latest round: $100 million Series E ($700 million valuation). HQ: New York City.

New York City 12

New York City Company Fintech California 12

Fintech Labs Insights

JANUARY 18, 2016

Online marketplace for real estate investing. Online consumer lending. HQ: Provo, Utah. Person-to-person small biz lending platform. Multi-family lending management. Tags: Consumer, credit, lending, loans, underwriting, investing, P2P, student loans. Source: Crunchbase. Latest round: $46 million.

Company 12

Company New York City Fintech San Francisco 12

CFPB Monitor

APRIL 19, 2022

At the end of last year, we completed a months-long project in updating and expanding a 2017 White Paper addressing bank-model lending—programs involving partnerships between banks (or savings associations) and fintech or other nonbank companies in the interstate delivery of loans.

California 78

California Innovation Utah United States 78

Fintech Labs Insights

FEBRUARY 2, 2021

Divvy : Two Utah companies became unicorns this month. MX : The second Utah unicorn of January, MX needs no introduction if you’ve ever attended or followed Finovate. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. Online Digital Banks for Small Businesses.

United States 15

United States Fintech Utah Lending 15

Independent Banker

OCTOBER 31, 2022

From gaming and online advertisements to autonomous vehicles and smart homes, artificial intelligence (AI) is used in a wide variety of ways. billion-asset Sunwest Bank in Sandy, Utah. In addition, AI enabled Sunwest to pursue its specialty of solar lending. For example, Gopal says there is a growing focus on automated lending.

Community Bank 91

Community Bank Community Customer Experience Data 91

William Mills

SEPTEMBER 12, 2017

An industry leader in lending and benchmarking solutions for financial institutions. They’re s howing a lending example using their API. They are based in Utah. Frictionless digital lending is possible. Its an add on to existing online banking. Great mobile device app, offering credit to try it. afs_vision.

Samsung 69

Samsung Mobile User Experience Google 69

Fintech Labs Insights

FEBRUARY 15, 2016

Online stock brokerage. Online mortgage advisor. HQ: Salt Lake, Utah. Tags: Consumer, SMB, loans, credit, lending, underwriting. Financing for renewable energy and conservation projects. Latest round: $70 million Series D. Total raised: $102.2 HQ: Oakland, California. Source: Crunchbase. Maestro Health. Total raised: $11.6

Company 12

Company Fintech New York City Comparison 12

Fintech Labs Insights

APRIL 30, 2015

Sneak Peek Part 7: Avoka, CBW Bank, Cloud Lending Solutions, Context Relevant, Dealstruck, DriveWealth, Dwolla, Dynamics, Encap Security, EyeBuy, FIS Mobile, Kabbage, Knox Payments, Lending Tree, LendKey. HQ: Salt Lake City, Utah. Sneak Peek: Aurora Financial Systems and Mistral Mobile. See you in San Jose! Why it’s great.

San Jose 12

San Jose Las Vegas California Tucson 12

Gonzobanker

DECEMBER 19, 2016

The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Best Free Market Research a Retail Banker Will Ever Get.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Best Free Market Research a Retail Banker Will Ever Get.

Utah 60

Utah System Community Marketing 60