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

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. It was almost like a dam broke when the tax legislation got enacted,” said Steve Steinour, CEO of Huntington Bancshares Inc. “We As of early 2018, U.S.

Lending 100

Lending Taxes Rhode Island Regional 100

PYMNTS

SEPTEMBER 30, 2020

government has guaranteed 80 percent of the CBILS and CLBILS loans and all of the lending from Bounce Back, Bloomberg reported. economy isn't doing well in general, with retail employment down 45 percent since May — the sharpest downturn since the Great Recession, according to data from the Confederation of British Industry (CBI).

Taxes 247

Taxes Retail Lending Fraud 247

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

Abrigo

MARCH 13, 2024

CRE is now arguably the riskiest asset class due to a perfect storm of: Systemic changes in the way we utilize real estate (not just office, but retail, housing, and other sectors). Beyond a hard money default due to a payment or maturity event, early warning signs for CRE loans typically manifest as a : Failure to pay real estate taxes.

Strategy 221

Strategy Course Meeting Taxes 221

PYMNTS

SEPTEMBER 18, 2020

The Chinese retail economy is on the comeback trail, lending optimism to the thinking that the U.S. Earlier this week the Chinese National Bureau of Statistics announced that August retail sales rose for the first time this year by 0.5 That’s stacked up against the first eight months of the year when retail sales slid 8.6

US 154

US Retail National Industry 154

PYMNTS

APRIL 8, 2020

Payment features can be embedded in platforms for everything from tennis court booking and parking space reservation to utility companies’ and commodity retailers’ websites. Singapore’s tax authority has been leveraging DBS’s banking APIs, which allow taxpayers to digitally transmit stamp duty taxes owed on property transactions, for example.

Taxes 247

Taxes Examples Payments Mobile 247

PYMNTS

DECEMBER 7, 2020

Small businesses face similar challenges that big retailers face when they transact online, because through marketplaces, they are able to reach out to millions of consumers," he told PYMNTS in a recent interview. According to Ricardo Pero , CEO of SellersFunding , that places many eCommerce sellers in a precarious financial situation.

Capital 356

Capital Online Tools Lending 356

South State Correspondent

DECEMBER 6, 2022

For example, while a triple net lease might have close to 100% revenue sensitivity, office or retail categories might have 60% revenue sensitivity, and multifamily might be between 70% and 80%, depending on local rent laws. We can change our assumption about revenue sensitivity to inflation. History Lesson. Conclusion.

Analysis 195

Analysis Taxes US Management 195

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Most small businesses don’t have a lending relationship with a bank. She believes lockdown orders created a loophole that allowed large chains that offer essential retail to continue selling non-essential goods like toys and electronics.

Maine 142

Maine Groups San Francisco Lending 142

CFPB Monitor

JUNE 5, 2020

According to the complaint, the policy allowed employees to “mark up” buy rates on customers’ retail installment sales contracts, “limited only by any markup cap imposed by the relevant financing entity, and fees,” and sales personnel were instructed to charge African-American and Hispanic consumers higher markups and additional fees.

New York City 122

New York City Policies New York Lending 122

Accenture

MAY 30, 2019

Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Industry statistics (based on non-retail card issuers in scorecard section). 3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover. Retail Card, Payment Solutions, and CareCredit).

Cards 158

Cards US Taxes Apple 158

Bank Innovation

JANUARY 25, 2018

Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. to the rise of […].

Trends 299

Trends Bitcoin cryptocurrency Taxes 299

MyBankTracker

AUGUST 11, 2020

Acima is a financing solution if you’re looking to buy appliances, mattresses, car tires, and other retail purchases. Once you find what you’re looking for, Acima will purchase the merchandise from the retailer and then rent it to you. ” You can apply online or in-person at the retailer’s store.

Retail 52

Retail Cards Wisconsin Security 52

Bank Innovation

JANUARY 19, 2017

It turns out taxes were popular this week. While Credit Karma (still) remained the top finance app for both the iOS and Google Play charts today, the TurboTax Tax Return app is not far behind. The TurboTax app is currently ranked second on the Google Play charts and third for Read More.

Taxes 150

Taxes Google social media Online 150

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. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

CB Insights

FEBRUARY 13, 2020

Business lending and corporate cards. Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty). Fraud prevention tools. Virtual card issuance.

Online 98

Online Company Retail Payments 98

BankUnderground

APRIL 28, 2023

Mahmoud Fatouh Small banks tend to have more specialised business models, likely focusing on commercial and retail banking activities, and show limited interconnectedness to other financial institutions. Second, expanding the analysis beyond 2009 provides evidence on whether Basel III addressed the pro-cyclicality of bank capital and lending.

Capital 85

Capital Lending US Data 85

PYMNTS

JUNE 5, 2019

The real trick is to tie engaging consumer experiences to those cards, which is critical, as prepaid and reloadable cards continue to evolve — moving from plastic cards to mobile accounts that can adapt to an expanding portfolio of use cases, including payroll, online gambling or even consumer and business lending.

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Honesty is the best policy.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Bank Innovation

OCTOBER 27, 2017

EXCLUSIVE- With two products and a recently announced partnership with tax preparation software provider Intuit, Marcus by Goldman Sachs is keen on growing its brand through more new partnerships and products in 2018. The future of finance is not technology,” Harit Talwar, head of Marcus by Goldman Sachs, said at Money 20/20 in Las Vegas.

Las Vegas 186

Las Vegas Taxes Software Branding 186

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. retail banks indicate an almost 20 percent increase in credit card losses across the board during 2017. Student Lending.

Lending 105

Lending Cards America New York 105

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

Gonzobanker

JANUARY 4, 2018

PayPal’s move into P2P gift cards is aligned with consumers’ interest in using PayPal for retail purposes. professionals the same way they view professionals in their commercial lending and credit areas. Heloc Tax Deduction Suspension. The suspension of the HELOC tax deduction could have an adverse impact on FIs.

Taxes 60

Taxes Strategy Cards Lending 60

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175

Taxes Illinois Study Operations 175

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

PYMNTS

OCTOBER 31, 2019

Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The Bombay Stock Exchange’s Sensex index also saw record highs, with a rally of more than 40,300 points due to a corporate tax cut and other business-boosting reforms. Regulators must approve it as well.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

FEBRUARY 12, 2018

Put on a Retail Happy Face. Yup, physical retail is doing just fine — despite all the talk of doom and gloom. Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008.

Big Data 135

Big Data Data Retail Marketing 135

BankUnderground

JULY 29, 2020

However, the empirical literature, most prominently Heider, Saidi and Schepens (2019) , find that commercial banks generally do not push deposit rates to negative levels, so that negative policy rates compress banks’ net interest margins and hence their willingness to lend. Fiscal Policy. Debt financing may encounter limits.

Policies 108

Policies Lending System Tools 108

PYMNTS

OCTOBER 3, 2019

“As the Reserve Bank cash rate has reached record lows, we face a difficult balancing act between the multiple, valid interests of our stakeholders,” said CBA group executive of retail banking services Angus Sulivan in a statement this week. “It

Taxes 108

Taxes Report National Groups 108

PYMNTS

JANUARY 25, 2019

In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. For those firms seeking access to credit, lenders will often start with the SMB principal’s FICO score or tax returns from the past few years, which can be an inefficient barometer of credit risk.

Retail 159

Retail Capital Data Payments 159

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. FirstBank, which has $2.3 The bank closes 35 to 45 reverse mortgages each month. About the market.

Trends 70

Trends Community Lending Community Bank 70

PYMNTS

APRIL 20, 2018

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. In fact, one of them asked Chavez during the earnings call whether Marcus was lending to consumers with less than stellar credit histories. The Big Bet on Consumer Services. The Dip into Commercial Banking.

New York 101

New York Lending Tools Boston 101

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. Instant payments are one of these solutions, allowing companies to digitally transfer funds 24/7 year-round.

Report 228

Report Payments Millennials Cards 228

PYMNTS

DECEMBER 14, 2017

While these companies will be doing the work of Santa Claus this holiday season, there is, unfortunately, no fleet of flying reindeer to lend a hand (or hoof) with the workload. Retail customers can now use the service to receive payments from the UAE’s RAKBANK. That potentially means slower deliveries and missed Christmas presents.

Trends 115

Trends Payments blockchain Report 115

CB Insights

OCTOBER 21, 2018

Business Lending & Financing. General Lending & Marketplaces. Mortgage Lending. Point-of-Sale & Personal Lending. Retail Investing & Secondary Markets. Alternative lending platform SoFi raised a $500M Series F from SoftBank Group, GPI Capital, and Silver Lake Partners. Business Lending.

Fintech 78

Fintech Lending Capital Analytics 78

Jeff For Banks

JULY 8, 2019

No, I think community financial institutions should develop a solid strategy for retail banking. Steve played an accountant, and informed a couple that they would be receiving a nice tax refund. An annuity, properly constructed, can help your retail customers reduce the risk of running out of money in retirement. Not interested.

Retail 60

Retail Community Taxes Strategy 60