Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

MAY 31, 2016

Has the Lending Club debacle taught the alternative lending industry anything? The marketplace lending space has continued to expand, even following the fallout of Lending Club revelations about improper loan management and the sudden exit of its CEO. “It’s all about the home. Interest rates begin at 7.3

Lending 100

Lending Security Industry Report 100

PYMNTS

JANUARY 19, 2021

The collaboration is part of Eedenbull’s efforts to expand globally after having secured 65 banking partnerships across Europe, according to a report. The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs. BNL Goes Live With Tink. The Czech Republic’s Komer?ní

Fintech 341

Fintech National Groups Tools 341

Bank Innovation

MARCH 19, 2019

Alternative underwriting software provider ZestFinance today launched an AI-based tool it claims will dramatically reduce bias in lending.

Tools 210

Tools Lending Google Software 210

PYMNTS

FEBRUARY 23, 2020

The operation will likely include savings and lending products, and it comes just two years after U.S. Chase has usually not done international operations, preferring to nurture its huge and profitable domestic market. JPMorgan Chase is taking steps to open a digital bank in the U.K. by the end of the year.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress. Similarly, it needlessly jeopardizes the safety of retail staffers, who are susceptible to robbery.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

MARCH 8, 2019

Additionally, third-party providers and retail merchants are showing greater interest in how data transparency, which is mandated by open banking and PSD2, may give them a larger stake in customer relationships. Security, verification and the benefit of data. That’s something that I would expect merchants to try,” he said.

Lending 135

Lending Data Security Regulation 135

PYMNTS

OCTOBER 30, 2020

Brazil's BizCapital , a financial service provider for small- to medium-sized businesses (SMBs), secured $3 million in funding from Oikocredit, the company said this week. B2B retail technology startup Arzooo , based in India, secured $7.5 This week's roundup includes startups from the U.S., BizCapital. StreetShares. In the U.S.,

Capital 160

Capital Lending Technology Retail 160

PYMNTS

NOVEMBER 19, 2020

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I In other news, the U.S.

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Bitcoin cryptocurrency Online social media 222

PYMNTS

JANUARY 12, 2021

The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. The crisis has also increased consumers’ demand for loans in several categories. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

Accenture

OCTOBER 14, 2019

Guest blogger Markus Naumer examines how digital payments technology is enhancing credit lending and showing promise in addressing consumer credit-aversion challenges. Digital credit for consumers is an underpenetrated and underestimated opportunity for banks and retailers alike.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

SEPTEMBER 28, 2020

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

SEPTEMBER 29, 2020

They’re not equipped to manage the operational risks associated with these smaller businesses,” Shoihet told PYMNTS, especially when it comes to extending short duration credit lines, debt products or factoring. The company is also evaluating secured credit card concepts, too, as an adjacent ancillary offering.

United States 286

United States Regional America Trends 286

PYMNTS

APRIL 29, 2019

Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. It succeeds the Advisory Committee on Small and Emerging Companies, which ceded operation in 2017.

Capital 108

Capital Lending Regulation Report 108

PYMNTS

MAY 31, 2019

The company said it hired an independent security forensic company to make sure there wasn’t access to sensitive customer data. PayPal Hits $10B SMB Lending Milestone. China relationship — which, in many ways, is among the most significant drivers of digital payments and commerce trends.

Lending 122

Lending Payments Apple social media 122

PYMNTS

FEBRUARY 21, 2020

PYMNTS’ latest roundup finds investor interest for B2B eCommerce , small business banking, corporate card technology, cybersecurity and autonomous supply chain tech, but it was a ResTech startup that secured the most funding of the week, by a considerable margin. MaxWholesale.

Capital 181

Capital Technology Cards Texas 181

South State Correspondent

APRIL 12, 2022

in assets and almost $500B market cap), Dimon emphasizes in multiple ways that the bank’s focus is on the communities in which it operates. The bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits. The bank holds the #1 market share for multifamily lending.

Community 195

Community Community Bank Leadership Lending 195

PYMNTS

DECEMBER 7, 2020

operations to PNC Bank , creating the fifth-largest regional player in the U.S. There’s a double extension model here, and that is: The credit unions, security banks have had a good handle on lending to the merchant communities that they serve, especially within their footprint.

Google 282

Google Examples Regional Lending 282

PYMNTS

AUGUST 11, 2017

According to a report by the country’s 12 regional Federal Reserve banks, over half of all startups report difficulty in securing loans, and 81 percent report having had to dip into their personal funds to cover gaps in their corporate cash flow. Plus, PayPal can do what it most wants to: meet more of the needs of its customers.

Lending 117

Lending Capital Video Online 117

PYMNTS

JANUARY 25, 2021

These plans fund retail purchases that consumers can then pay off over time in typically four installments. Buy now, pay later options have developed differently across nations, with trends in C hina seeing retailers often providing their own installment payment plans rather than offering third-party plans at checkout.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

DECEMBER 4, 2020

And in an interview with PYMNTS, Frank Dux, managing director of CoCoNet , said corporates are getting the opportunity to move beyond the constraints of using outdated technology to address critical operational needs. Elsewhere, StreetShares raised $10 million to expand small business lending technology for banks and credit unions.

Lending 224

Lending Meeting User Experience Innovation 224

PYMNTS

FEBRUARY 28, 2020

Southeast Asia led the way thanks to ridesharing firm Grab, which continues to expand its B2B financial services offering with its fundraising windfall — and it wasn’t the only small business lender to secure investment. The company targets informal retailers to connect sellers to vendors both locally and around the world.

Fintech 175

Fintech Capital Lending Report 175

South State Correspondent

SEPTEMBER 27, 2023

Ask most banks how they construct their lending portfolio, and they say that “it is what the market gives them.” Banks generate “alpha” or excess returns by taking more risk, usually in the form of real estate and commercial lending. This is the net operating income of a property divided by the current market value.

Lending 195

Lending US Marketing Capital 195

PYMNTS

JANUARY 23, 2020

In today’s top news, FedEx officially expanded home delivery to include Sundays, Uber’s CEO believes his company is the most likely ride-hailing service to reach profitability, and the OCC prepares a civil suit against 10 former Wells Fargo executives for their roles in its retail banking scandals. FedEx Officially Launches Sunday Delivery.

Fraud 131

Fraud Community Bank Analytics Study 131

PYMNTS

APRIL 16, 2019

Reports in the Financial Times on Sunday (April 14) said unnamed sources have revealed Deutsche’s own concerns about the lackluster performance of the unit, adding that informal discussions held last year within the bank put pressure on the FI’s Chief Executive Christian Sewing to cut back the unit’s operations.

US 122

US Operations Resources Regulation 122

PYMNTS

FEBRUARY 18, 2019

China’s Operation Fox Hunt has led to the arrest of 62 Chinese nationals abroad and the seizure of 10 billion yuan ($1.5 billion) in assets from 380 fraudulent peer-to-peer (P2P) lending platforms, according to a Reuters report. As of last year, there were outstanding loans of 1.49 trillion yuan ($217.96 billion) in the country.

Lending 129

Lending Regional Operations National 129

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Operating income increased 11 percent to $864 million. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

APRIL 10, 2019

Moving forward, the bank said it aims to expand the integration of VolPay technology to include domestic bulk payments in the Mexican peso as well as to digital retail payments. The credit gap offers an opportunity for FinTechs like Credijusto, which secured a $100 million credit facility from Goldman Sachs earlier this year.

Payments 134

Payments America Technology Operations 134

PYMNTS

JUNE 20, 2016

When rumors of sales and acquisitions start popping up, it’s usually in a given retailer’s best interest to play their cards close to the chest and avoid spooking investors and markets alike. retailer with such an operation still active.

Omaha 109

Omaha New York Retail Lending 109

Bobsguide

AUGUST 30, 2022

Fusion Mortgagebot is Finastra’s end-to-end cloud-based lending platform that maximizes operational efficiency and mortgage opportunities for lenders. We have completed over $3 trillion in loan verifications that help lenders lower operating costs while improving the borrower experience. About Finastra.

Lending 74

Lending Fintech US America 74

PYMNTS

NOVEMBER 2, 2018

Targeting small and medium-sized businesses with its asset-based lending solution, The Credit Junction revealed a $23 million equity investment from Century Equity Partners this week. Mission Secure. Shape Security. INDUS said it will move forward with the new capital to focus on expansion and expand its staff. reports said.

Fintech 188

Fintech Capital Security Fraud 188

PYMNTS

MARCH 27, 2019

It’s what makes sellers feel comfortable with lending their personal properties to buyers whom they have never met. Online retail giant Amazon is also making a similar push to ensure the reliability of its brand. Trust keeps the sharing economy afloat. To read the case study in depth, download the Playbook here. About the Playbook.

Payments 145

Payments Case Study Lending Study 145

PYMNTS

JUNE 19, 2020

the global technology company specializing in retail, and JD.com Inc., The company said the funds will help with new offerings that assist its retailers in handling the evolved operating climate as well as provide diners with secure and accessible ways to transact. Alibaba Group Holding Ltd.,

Payments 141

Payments social media Tools Resources 141

PYMNTS

FEBRUARY 19, 2020

The B2B eCommerce Report , a PYMNTS and American Express collaboration, digs into the advantages of online business purchasing, as well as efforts to overcome the difficulties involved in designing and securing these shopping experiences. Around The B2B eCommerce World. Digital Tools Make B2B Furniture Rental Fast And Flexible.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

MARCH 2, 2020

In Kenya, competition regulators recently warned French grocery and retail giant Carrefour that it faces fines of up to $140 million after the Competition Authority of Kenya discovered that the company, via its franchise holder Majid Al Futtaim (MAF), has been treating suppliers unfairly. operations.

Payments 143

Payments Report Training Regulation 143

PYMNTS

JUNE 29, 2018

Many companies are partnering to protect their operations and the personal data they handle from bad actors. In one such partnership, wine and spirits retailers Total Wine & More recently announced a collaboration with Forter , a provider of fraud prevention solutions, to help guard against credit and debit card fraud.

Data 101

Data Fraud Lending Security 101

PYMNTS

MAY 22, 2020

India-based Xtracap secured $1 million in angel funding, YourStory reported. The company connects SMBs to invoice financing via is mobile app Bridge2Capital, targeting retail shopkeepers with a way to finance their outstanding payables. Xtracap Fintech. CLARA analytics.

Capital 141

Capital Analytics Fintech Report 141