PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. 15, 2008 fall of Lehman, which filed for bankruptcy that day. Auto loans have mushroomed from $773 billion in 2008 to $1.2 trillion at the peak of the financial crisis.

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PYMNTS

JANUARY 7, 2021

Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. Social Capital Hedosophia is one of three special-purpose acquisition companies (SPACs) on the lookout for investment opportunities. V to file an initial public offering (IPO). .

Samsung 183

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Gonzobanker

DECEMBER 12, 2024

New Doors Opening In a recent Banking Weekly Newsletter , Second Curve Capitals Tom Brown highlighted Tim Spenc e , the 45-year-old CEO of Fifth Third Bank, as an example of modern banking leadership. In 2008, Chip Mahan and the team at L ive Oak Bank set out to revolutionize banking with a mission to become Americas small business bank.

Leadership 126

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PYMNTS

DECEMBER 1, 2020

Former Google CEO Eric Schmidt is among the backers of a new $111 million European early-stage venture capital fund, according to CNBC. 30) by London-based venture capital firm Firstminute Capital , CNBC reported. The new fund's main investor is RIT Capital Partners.

Google 159

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BankBazaar

JULY 31, 2023

Blast from the Past: The Birth of BankBazaar Back in 2008, the fintech revolution in India was truly revolutionised with the founding of BankBazaar by Adhil Shetty, Arjun Shetty, and Rati Shetty in the vibrant city of Chennai. Bid farewell to stacks of paperwork and lengthy verification processes!

Innovation 148

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PYMNTS

SEPTEMBER 4, 2020

Since January, the European Central Bank (ECB), which oversees the biggest European Union lenders, has eased regulations to encourage mergers and reduced the capital requirements for such transactions, the news service reported. The reason is not hard to understand. and Asian rivals.

New York 188

New York Regulation Customer Experience Report 188

South State Correspondent

MARCH 14, 2024

Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. The bank that will be around in the next 50 years will be one that develops the ability to build infrastructure now that allows for efficient innovation in the future.

Innovation 195

Innovation Strategy Capital Comparison 195

PYMNTS

MARCH 2, 2020

and impact the global economy was the financial crisis of 2008, which plunged the U.S. Yet out of the financial crisis came a wave of innovation that has reshaped how businesses and people have engaged over the last decade, seeding the path for the innovations that are at our doorsteps this decade in the connected economy.

Innovation 281

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Bank Innovation

MAY 15, 2016

From then until 2008, you had some appreciation, but not much. You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return from Read More.

Lending 170

Lending Marketing Fintech Capital 170

PYMNTS

APRIL 5, 2020

The COVID-19 pandemic has wreaked havoc on the stock market, causing 20 firms to postpone IPOs, according to Renaissance Capital. Investors will be closely monitoring both IPOs as a way to “gauge the health of new listings” during volatile times, Michael Underhill, chief investment officer for Capital Innovations, told FT.

San Diego 146

San Diego California Capital Marketing 146

PYMNTS

JULY 29, 2020

Access to capital hasn’t been this tight since the market meltdown of 2008, so motivated players are finding better, faster ways of moving B2B funds especially. “Fundamental changes to the B2B payments landscape are taking place today, faster than ever before, helping the ecosystem eliminate inefficient B2B payments processes.”.

Payments 245

Payments Meeting Trends Tools 245

PYMNTS

MARCH 10, 2020

It’s a self-perpetuating scenario that keeps barriers to capital in place. In Southeast Asian markets, banks’ lack of adequate data on SMB loan applicants is perhaps the tallest barrier to connecting SMBs to capital in the region.

Data 193

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PYMNTS

JULY 31, 2020

Varo Bank’s opening … represents the evolution of banking and a new generation of banks that are born from innovation and built on technology intended to empower consumers and businesses,” said Brian Brooks, OCC’s acting comptroller in a statement. “As Last month, Varo closed on a $241 million Series D funding round. million.

National 172

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PYMNTS

JULY 30, 2020

Bork will spearhead Sezzle’s enterprise business development efforts, as the company focuses on client acquisition following its recent capital raise. As PYMNTS recently reported , the buy now, pay later (BNPL) firm raised $55 million in its latest capital round.

Minneapolis 145

Minneapolis Leadership Strategy California 145

PYMNTS

JULY 7, 2020

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. And it may be an opportunity for alt-lenders to once again initiate an innovation boom.

Lending 171

Lending Industry Fintech UX 171

PYMNTS

OCTOBER 8, 2019

initial public offering (IPO), which was poised to be the biggest IPO by a central Asian company since the 2008 global financial crisis. We are a big innovative company, and we are doing so much for the country, digitizing the country, so we see a lot of growth potential,” Lomtadze said last month. Kazakh FinTech group Kaspi.kz

Marketing 139

Marketing Fintech New York Maine 139

PYMNTS

OCTOBER 16, 2020

billion in venture capital investments spanning from January to September 2020. World-leading FinTech scaleups were born in London out of the 2008 financial crisis, and today London’s FinTech companies are innovating to respond to changing demands caused by the pandemic,” London & Partners CEO Laura Citron said in an announcement.

Millennials 131

Millennials Payments Cards Fintech 131

PYMNTS

FEBRUARY 13, 2017

Things went off the rails, not surprisingly, in 2008 — courtesy of the financial crisis. More businesses opened than closed — until 2008. In the aftermath of 2008, only 20 counties — most of them rimming major cities and tech hubs — drove 50 percent of small business formation. The mix of these businesses is also very different.

Retail 134

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CB Insights

JULY 19, 2017

Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: HP Labs.

Innovation 74

Innovation San Francisco Technology Mobile 74

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. Alternative finance , for instance, also filled the need for small business borrowers to obtain a faster, digital way to access capital.

Lending 130

Lending Regulation Capital Industry 130

CB Insights

SEPTEMBER 26, 2018

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

Innovation 73

Innovation New York Cleveland New York City 73

PYMNTS

SEPTEMBER 3, 2018

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. The agreement … sets out a process to share and use information on innovation in their respective markets.”.

Fintech 111

Fintech Trends Innovation Groups 111

Celent Banking

JUNE 12, 2015

These developments are putting increased pressure on financial services providers in the areas of working capital management, liquidity management, external financing, payables and receivables, international trade, supply chain finance, merchant services and delivery channels. Since their peak in 2008, loans to corporations have declined 9%.

Lending 100

Lending Trends Meeting Banking Trends 100

Insights on Business

SEPTEMBER 28, 2018

IBM RegTech Innovations. Since the 2008 crash, the focus on the family of valuation adjustments known as XVA has intensified, and the demand for timely, accurate calculation is continually increasing. Game-changing innovation. Innovation drives business transformation. At IBM, we’re focusing on solving that exact problem.

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PYMNTS

JULY 2, 2019

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill.

Fintech 125

Fintech Resources Capital Trends 125

PYMNTS

AUGUST 13, 2019

The round was led by March Capital Partners, Patni Family, Iron Pillar, ITP, CXO Fund, Sistema Asia and Chiratae Ventures, according to a report by VentureBeat. The company was founded in 2008 and has three main services it offers to companies. The first is called Akeira, and it’s a conversational AI helper.

Maine 108

Maine America Data Fraud 108

PYMNTS

AUGUST 8, 2017

educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. As the financial crisis unfolded in 2008, they met to discuss what they saw as the rise of FinTech and the increasing availability of financial software and data. Observing the rise of disruptive companies in Europe and the U.S.,

Lending 105

Lending Capital Fintech Marketing 105

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. About a third of SMBs recently told Capital One they’re currently in a better financial position than they were a year ago, for instance.

Lending 116

Lending Florida Report Community Bank 116

TheGuardian

MARCH 17, 2023

Eight years ago, when the bank’s CEO, Greg Becker, personally pressed Congress to exempt SVB from post-2008 financial reform rules, he cited its “low risk profile” and role supporting “job-creating companies in the innovation economy”.

social media 75

social media Regulation Capital Innovation 75

PYMNTS

OCTOBER 5, 2016

Labor saving devices and minimum wage hikes from 2000 to 2008 did not result in a significant drop in the food service sector, according to DePaul University and the Federal Reserve Bank of Chicago. million in venture capital and will have robots that prepare and bake pizzas within six months.

Chicago 161

Chicago National Industry Operations 161

PYMNTS

NOVEMBER 3, 2020

B2B payments migration to the cloud has been a long-time coming, but Covid-19 – and the immediate need to go virtual — has accelerated the pace of innovation for corporations,” Greene told Barron’s. The back office is no longer something that can sit on the back burner.

eBook 141

eBook Payments Regional Company 141

PYMNTS

MAY 22, 2018

The bill also gives regulators more discretion in deciding when to require stress tests of capital adequacy for banks with between $100 billion and $250 billion in assets in the event of another crisis,” according to a summary of the bill in MarketWatch. Nonetheless, CUs have a long way to go to catch up with the top performers.

Regulation 100

Regulation Regional Innovation Community 100

PYMNTS

JULY 10, 2018

Indeed, McCann recently told PYMNTS that he considers Open Banking to be “the single biggest technology-driven innovation to happen in the banking sector anywhere in the world, outside of China.” Trade Ledger’s solution seems like an obvious fit for a market in which Open Banking is a reality.

Fintech 106

Fintech Regulation Innovation Data 106

PYMNTS

APRIL 10, 2020

Companies like Bento for Business, companies like Brex … have innovated in an area that quite frankly had been stagnant … for a very long time.” When you think about the capital, it’s coming from … governments,” McCarthy told PYMNTS. But worries over when and how persist.

Trends 140

Trends Fintech Cards Examples 140

PYMNTS

MARCH 18, 2016

million worth of venture capital across two deals. That may not have been surprising this time last year, but today, considering talk of lackluster performance by these innovators — plus recent warnings over a total market collapse — that funding is pretty impressive. Find out who made the deal and how the rest of the more than $81.5

Lending 100

Lending Capital Google Security 100

PYMNTS

MAY 10, 2017

One of the biggest hurdles to starting a new business, in addition to developing an innovative out-of-the-box idea, can be where and how to obtain funding. Starting a new business can be a long, arduous and daunting road for anyone in today’s fast-paced and ever-changing society. According to recent U.S.

Millennials 135

Millennials Maine Groups Retail 135

PYMNTS

AUGUST 20, 2020

Seventy percent of SMBs are adding new digital capabilities or enhancing existing ones to continue their operations, but firms often require financing to implement these innovations. This technique was impossible to attempt when loan applications required multiday processes that included visits to brick-and-mortar bank branches.

Fintech 177

Fintech Fraud Lending Regulation 177