PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. and India, alternative small business lending technology company CreditEnable has revealed a $2 million seed round, according to Inc42 reports. CreditEnable. TripActions.

Security 204

Security Fintech Capital Management 204

Bank Innovation

JULY 5, 2018

Laurel Road, a bank that is selling fintech products and services, has scored a sales win, securing Country Bank as a client. 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.

Lending 199

Lending America Trends Fintech 199

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

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

PYMNTS

APRIL 1, 2020

With social distancing currently a top priority of retailers in the current environment, a supplier of shopper engagement and loss prevention technologies has flipped the script, now making devices that heighten real-time awareness of social distancing in retail stores.

Retail 132

Retail San Francisco Security Technology 132

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

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PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

Lending 146

Lending Apple Study Online 146

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

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

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 The individual was charged with different contraventions of securities laws in a U.S. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency. District Court.

Florida 151

Florida Lending blockchain National 151

Bank Innovation

MAY 9, 2018

New takes on lending and underwriting dominated the opening day of demos at FinovateSpring 2018 here yesterday. SANTA CLARA, Calif. - But this being fintech's leading demo showcase, the featured startups offered up these basic, fundamental aspects of banking in a new way, often with "artificial intelligence" under the hood.

Lending 186

Lending Fintech cryptocurrency Cards 186

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

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. He said this recent development is “a good validation of our strategy.”. million) to become a challenger bank.

Security 215

Security Capital Cards Report 215

PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. Indeed, as the recently completed National Retail Federation (NRF) retail show in New York City demonstrated, commerce keeps moving to what Webster called in the webinar a “customer-centric approach.”

Retail 137

Retail Millennials New York City social media 137

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

SEPTEMBER 18, 2019

Among the forces working to influence and change retail — and do so into the 2019 holiday shopping season, as well as the 2020s — is the rise of bridge millennials. This segment also spends approximately $2,225 per year on retail purchases, which is about $830 more than baby boomers and nearly $300 more than younger millennials.

Millennials 109

Millennials Retail Study Online 109

PYMNTS

NOVEMBER 4, 2020

trillion was chasing the Ant Group IPO, with retail bids coming in at 870 times over the value of the shares on offer, according to the news outlet. Chinese regulators are also growing concerned about the breakneck growth of Ant Group’s lending business. A collective $2.7

Lending 240

Lending Groups Regulation Marketing 240

South State Correspondent

JANUARY 17, 2024

Many banks have a chief credit officer and a chief lending officer but no chief deposit officer. For example, since the investment portfolio generates one of the lowest drivers of M/B, the goal should be to use the asset to support lending, which drives most asset productivity. The same goes for transaction accounts.

Study 195

Study Maine Analytics Capital 195

PYMNTS

OCTOBER 13, 2017

Beyond the metaphor, the sheer “hugeness” of the data breach means that more of this information — sensitive and valuable information ranging from Social Security numbers to birth dates to home addresses — is available to hackers than ever before. That cat’s never coming back.

Industry 144

Industry Security eBook Data 144

The Paypers

MARCH 5, 2019

(The Paypers) Retail finance technology provider Deko has partnered with Featurespace to bolster the security of its consumer finance lending platform.

Lending 28

Lending Security Retail Technology 28

South State Correspondent

AUGUST 21, 2023

By relying on retail CDs, banks cannibalize their lower cost of retail funding and increase their deposit beta. This risk magnifies margin erosion for those banks that hold fixed-rate securities and loans. First, Moody’s further points out that CRE lending has not been a good source of core deposit funding for many banks.

Community Bank 195

Community Bank Community Capital Analysis 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

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. The consumer bank will be divided into one section focused on consumer lending, and the other on branches and small businesses.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

SEPTEMBER 17, 2020

Securities and Exchange Commission (SEC). The company has determined not to pursue a public offering of the securities covered by the registration statement at this time,” LoanDepot wrote in its filing. is the nation’s largest retail mortgage lender. But less than a year later, it withdrew the offering. Quicken Loans Inc.,

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

FEBRUARY 23, 2020

The operation will likely include savings and lending products, and it comes just two years after U.S. Currently, he works as a non-executive director at the JPMorgan Securities PLC, one of the bank’s primary European legal arms. bank Goldman Sachs launched a digital bank called Marcus in the U.K.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

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. In an effort to strengthen its offerings to SMBs, Romania’s NETOPIA Payments is integrating a lending feature from Bulgaria’s TBI Bank. BNL Goes Live With Tink.

Fintech 341

Fintech National Groups Tools 341

CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. The FTC commissioners approved the stipulated final order by a 5-0 vote.

National 78

National Retail Regulation New York 78

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 184

Fintech Lending Software Compliance 184

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

PYMNTS

APRIL 29, 2020

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped 4.8 Plus, the Federal Reserve is asking banks for advice on its new Main Street lending program. Fed Turns To Banks For Feedback On Main Street Lending Program.

Lending 130

Lending Payments Maine Analysis 130

PYMNTS

AUGUST 12, 2020

Securities and Exchange Commission (SEC) on Monday (Aug. ” Lufax , which hopes to raise $3 billion with its IPO, has shifted away from peer-to-peer lending to focus on wealth management and retail lending. A unit of Ping An Insurance Group, Lufax filed confidential paperwork with the U.S.

US 147

US United States Lending Regulation 147

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. In the U.S.,

Capital 160

Capital Lending Technology Retail 160

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

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.

Bitcoin 222

Bitcoin cryptocurrency Online social media 222

PYMNTS

OCTOBER 19, 2020

Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. With such information in hand, SMEs’ odds of success at securing loans go up — and the credit gap can go down.

Fintech 302

Fintech Lending Capital Security 302

PYMNTS

JANUARY 20, 2021

A secure digital vehicle identity sets the foundation for a fully automatic network for usage-based transportation services," MOBI COO and Co-Founder Tram Vo said in the announcement. Maintenance traceability and vehicle registration are two focuses for the working group. "A

blockchain 203

blockchain Groups Lending Technology 203