Bank Innovation

AUGUST 15, 2018

Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016. Over the […].

Lending 282

Lending National Marketing social media 282

PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. California’s AutoFi is shifting into high gear with the rollout of its “lending as a service” arm targeted toward corporate clients. “In

Retail 239

Retail US New Jersey New York 239

PYMNTS

APRIL 10, 2020

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. The Fed program is focused on lending. It’s all meant to shore up the U.S. economy, as the fallout from the coronavirus continues.

Lending 338

Lending Maine New York Survey 338

PYMNTS

APRIL 21, 2020

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 220

Retail Dallas Washington National 220

PYMNTS

SEPTEMBER 15, 2020

To that end, in China, retail data showed consumers snapped a seven-month streak decline. Retail sales posted their first gain amid the pandemic. All told, though, even with the positive reading last month, in China year to date, retail sales are down 8.6 percent of the total sales of retail goods.

Retail 171

Retail Lending United States Course 171

Bank Innovation

JUNE 13, 2019

Australian point-of-sale lending company Afterpay is quickly expanding its reach among U.S. It's promoting its products as a means to grow its customer base and increase purchase volume. As of May, Afterpay had 1.5 million U.S. customers and 3,300 merchants using its platform, including Anthropologie, Levi’s and Urban Outfitters.

Retail 199

Retail Lending Company 199

PYMNTS

SEPTEMBER 23, 2020

Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release. The FinTech Sezzle has struck up a partnership with Ally Lendin g, a digital financial services company.

Lending 198

Lending Minneapolis Strategy Innovation 198

PYMNTS

FEBRUARY 3, 2020

Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S., Goldman would use its latest lending technology to offer SMB loans on Amazon’s lending platform as soon as next month, two sources told FT. Financial Times reported on Monday (Feb.

Lending 131

Lending Apple Cards Branding 131

BankInovation

FEBRUARY 26, 2021

A new offering from Microsoft will allow banks to automate the retail lending processes through a cloud-based service. Microsoft announced its Cloud for Financial Services on Wednesday, though this is currently a soft launch in which only select companies are participating.

Lending 72

Lending Retail Company Software 72

Banking Exchange

JANUARY 23, 2023

Almost nine in 10 CFOs expect commercial lending to be a “major source of profitable growth” this year Retail Banking Financial Trends Feature Lines of Business Technology Feature3 Financial Research

Lending 78

Lending Survey Trends Retail 78

PYMNTS

APRIL 28, 2020

The Federal Reserve is nearly ready to debut its new Main Street lending program, and it is reaching out to banks for advice, according to a report from CNBC. The Fed has been looking for help from investment, retail and reserve banks. Retail and hospitality lobbyists have expressed concerns that debt requirements are too constricting.

Maine 184

Maine Lending Taxes Industry 184

PYMNTS

JANUARY 11, 2017

Lynch, the onetime chief executive of Frederick’s of Hollywood, have joined forces to provide a new avenue for funding to retailers. It’s also aiming the funding at struggling retail chains. The move to lend to struggling retailers comes at a time when there is upheaval in the industry.

Capital 100

Capital Lending Retail Industry 100

PYMNTS

AUGUST 7, 2020

Everyone knows the old joke about how easy getting into the lending business is: “Lending money out is very simple — pretty much anyone can do it. It’s getting people to pay the money back that’s the hard part.”. While that’s a groan-inducer in good times, it’s a wince-maker in today’s economic downturn.

Lending 249

Lending Innovation Fintech Examples 249

Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. For anyone thinking that Wall Street investment banking was separate from Main Street retail banking, commercial banking and fintech, 2020 is clearing that up.

Lending 158

Lending Fintech Analytics UX 158

PYMNTS

MAY 5, 2020

Digital lending marketplace BitX Funding , which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The business owner may borrow from friends or family or obtain merchant cash advances, which come at a price.”

Lending 159

Lending Online Tools Capital 159

PYMNTS

SEPTEMBER 24, 2020

is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options. Sezzle has formed a partnership with digital financial services company Ally Lending.

Lending 226

Lending Analytics Technology Software 226

Bank Innovation

OCTOBER 28, 2019

LAS VEGAS — Bank of Oklahoma has adopted Blend’s digital lending platform, the fintech announced at the 2019 Auto Finance Summit. Blend’s platform is designed to simplify user experience for the consumer to drive increases in completed online applications and funding rates.

Las Vegas 170

Las Vegas Lending Oklahoma Fintech 170

PYMNTS

MARCH 25, 2020

Nexo , the digital currency lending platform, is now letting retail investors utilize PAX Gold as loan collateral, Cointelegraph reported. Now, the program’s growth to encompass retail clients lets anyone use those assets as collateral on the platform of the company.

Lending 181

Lending Bitcoin cryptocurrency Cards 181

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. I'm not saying go out and make every retail loan that you can get your hands on,” he said.

Risk Management 221

Risk Management Management Lending Capital 221

South State Correspondent

FEBRUARY 18, 2016

A boost to many retail establishments, it is often said to be a predictor of retail health. This is germane to banks as commercial real estate exposure related to retail property financing composes an estimated 22% of community bank commercial real estate (to also include mixed use). The problem is that sales are slowing.

Retail 150

Retail Oklahoma Lending Data 150

PYMNTS

DECEMBER 17, 2019

CircleUp entered the market in 2012 as a data driven variation on venture capital (VC) funding to solve for part of that problem in retail and consumer packaged goods (CPG) firms. CircleUp’s lending platform was founded in 2017 to fill that hole and has underwritten about $300 million in loans since then. The first is focus.

Lending 132

Lending Data Retail Capital 132

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.

San Francisco 170

San Francisco Retail Lending Company 170

Bank Innovation

JANUARY 17, 2020

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

Retail 243

Retail New York Video Conference 243

BankInovation

OCTOBER 19, 2020

Ally Financial is accelerating its point-of-sale (POS) lending strategy with the help of a few strategic partnerships. Ally Lending, the private lending arm of the $184.1

Retail 98

Retail Lending Strategy 98

PYMNTS

MARCH 8, 2019

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy. “We don’t think we’re going to automate every lending decision,” said Doignie.

Lending 118

Lending Strategy Capital Groups 118

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68

Lending Seattle Regulation US 68

PYMNTS

JUNE 4, 2020

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. In April, news surfaced that The Federal Reserve was almost ready to introduce the lending program and was asking financial institutions for advice.

Maine 130

Maine Lending Company California 130

Bank Innovation

AUGUST 19, 2016

Today it was revealed that banking giant Goldman Sachs will be launching an online retail lending operation called Marcus, after founder Marcus Goldman, as reported by the New York Times, The operation will likely roll out this October, and will start by offering small consumer loans from $15,000 to $20,000.

Lending 150

Lending New York Operations Online 150

PYMNTS

MARCH 30, 2020

There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will arrive in time for the April rent and lease deadline staring retailers right in the bank account come Wednesday. And if it’s any consolation, retail rents will almost certainly drop in the short term.

Retail 131

Retail National Washington Industry 131

Banking Exchange

APRIL 18, 2021

Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase Community Banking Consumer Compliance Customers Fair Lending Profitability Feature3 Financial Research Feature Financial Trends Lines of Business Retail Banking The Economy.

Lending 127

Lending Community Bank Compliance Community 127

BankUnderground

JULY 20, 2022

These are unlikely to work in the same fashion as rate cuts in positive territory, because of difficulties with charging negative interest rates on retail deposits, and because of banks’ negative return on excess liquidity. This effect was especially strong for undercapitalised banks and lending to risky firms.

Policies 90

Policies Lending Capital Study 90

Payments Dive

FEBRUARY 13, 2020

Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out.

Lending 418

Lending Trends Innovation Retail 418

Abrigo

DECEMBER 16, 2014

Lending standards continue to relax, according to data from the OCC’s 2014 Survey of Credit Underwriting Practices. This type of easing is similar to that experienced between 2004 and 2006, the time period leading up to the financial crisis, which many attribute to inadequate lending standards.

Lending 223

Lending Survey Training Retail 223

Bank Innovation

JULY 5, 2018

have recently added digital mortgage lending, and that same […]. Laurel Bank Road is hitting on a trend: more small banks are considering digital methods for loan underwriting. Larger banks like Bank of America and SunTrust Banks Inc.

Lending 199

Lending America Trends Fintech 199

PYMNTS

DECEMBER 20, 2017

Wells Fargo has announced that Mary Mack will lead its consumer lending unit. According to The Wall Street Journal , this new role will be in addition to Mack’s current role overseeing the retail bank. She replaces Franklin Codel , who was fired in November for critical comments he made about regulators to a former employee.

Lending 108

Lending Retail Training Regional 108

PYMNTS

NOVEMBER 25, 2016

As Reuters reported headed into the holiday weekend, loan investors are eyeing shopping traffic and spending as a number of retailers in which they have invested face headwinds. percent this month and next, as predicted by the National Retail Federation, leverage is a tough thing to shake.

Retail 100

Retail US Lending National 100

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