PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.”

Lending 100

Lending Capital Compliance Operations 100

PYMNTS

JANUARY 6, 2017

based startup company that operates an online lending platform, has received an investment of £40 million from British Business Bank, the state-owned bank, but the money comes with strings. According to a report , Funding Circle has to use the funds to lend to small businesses. Funding Circle, the U.K.-based

Lending 100

Lending Report Operations Online 100

PYMNTS

APRIL 10, 2020

Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. The company assists small and medium-sized enterprises (SMEs) with growth through lending. It aids small manufacturers, business-to-business (B2B) service providers and online retailers. Capital Float has provided more than 500,000 clients with $1.2

Capital 230

Capital Lending Fintech Report 230

PYMNTS

OCTOBER 25, 2019

Now, the fast-growing operation is tapping into one of the growing trends in payments and commerce by offering online financing for its many partners. is a new program that has OYO partnering with Biz2Credit , a small business online lending platform. market share as this new decade looms. One way to play harder in the U.S.

Online 100

Online US Trends Operations 100

Fintech Labs Insights

AUGUST 16, 2024

Before becoming an indie online banking/fintech analyst in the mid-1990s, I tried to do the same in the consumer loan/mortgage industry. I ended up pivoting to the fledgling online banking world, and I’m super glad I did. My favorite real job had been as a loan/mortgage product manager at Rainier Bank (now BofA).

Conference 15

Conference Las Vegas Lending Nashville 15

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. Broken down a bit, business lending was most prevalent in countries such as Singapore, the Netherlands and Japan.

Fintech 172

Fintech Lending United States Regulation 172

Fintech Labs Insights

JULY 2, 2024

Before becoming an indie online banking/fintech analyst in the mid-1990s, I tried to do the same in the consumer loan/mortgage industry. I ended up pivoting to the fledgling online banking world, and I’m super glad I did. My favorite real job had been as a loan/mortgage product manager at Rainier Bank (now BofA).

Conference 15

Conference Las Vegas Lending Nashville 15

PYMNTS

MARCH 31, 2020

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

Houston 141

Houston Lending New York Examples 141

PYMNTS

MAY 24, 2018

In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. Regulatory uncertainty forced banks out of this space, leaving families to rely on pawn shops, costly payday lenders or loosely regulated online lending during times of financial stress.

FDIC 100

FDIC Lending Regulation Study 100

PYMNTS

AUGUST 11, 2017

Small businesses and startups need to grow — and online lenders of varying stripes have grown up to meet that need. Once easily categorized as “the alternative financial services players” through white labeling, partnerships and acquisitions, these alternative online lenders are very much becoming part of mainstream operations.

Lending 117

Lending Capital Online Video 117

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

JUNE 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. The company is known as the “lending club of China.” The company has raised $549 million over seven funding rounds since the end of 2013.

Lending 100

Lending Capital Maine Groups 100

PYMNTS

OCTOBER 28, 2019

Small business (SMB) online lending company BlueVine is expanding its financial services with the launch of BlueVine Business Banking. The service supports one-minute online account opening, and allows small business owners to access an online dashboard through which they can view transaction activity, make payments and transfer funds.

Cards 101

Cards FDIC Meeting Online 101

PYMNTS

JULY 31, 2018

Founded in 2013, BlueVine is one of the leading FinTech players in online small business lending. Though most of today’s businesses are comfortable and familiar with borrowing from an online lender, that would have been the territory of early adopters just five years ago.

Lending 100

Lending Capital Fintech Online 100

Bank Innovation

FEBRUARY 28, 2018

With seven million active monthly users in December 2017, according to its fourth quarter earnings yesterday, the company’s Square Cash app—launched in 2013—is more popular than one might have thought; In any case, Square has not previously released usage numbers for the mobile.Read More.

Bitcoin 259

Bitcoin Capital Lending Online 259

PYMNTS

MARCH 11, 2020

Welcome to the unchartered territory for the lending landscape – at least for those who were born and came of age in the new Millennium, in the digital age…. Alt Lending Too. The deal has yet to be closed, by Lending Club management has signaled the desire to gather up cheaper sources of funding. and post the Great Recession.

Digital Banking 130

Digital Banking Lending Capital Fintech 130

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170

Fintech Financial Technology Technology Operations 170

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 124 $66 27 Axos 220 2013 1,110,000 $0 28 Majority 126 2019 Stockholm 168,000 4.6

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

OCTOBER 17, 2019

Online banking startup Chime has been hit with an outage that has left its 5 million customers with no access to their money. San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. Earlier this year, it reached a valuation of $1.5

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

PYMNTS

OCTOBER 8, 2019

When Affirm launched in February 2013, the point-of-sale (POS) financing marketplace in the U.S. In the last 12 months alone Square , Mastercard , PayPal and Chase have all rolled out POS installment lending products or enhancements as the market continues to pick up popularity among consumers, particularly younger ones.

Lending 159

Lending Cards Apple Google 159

PYMNTS

NOVEMBER 18, 2019

That reflects a steady increase from 2013’s measure — 50 percent — and indicates that many Americans may need loans to deal with financial disruptions like medical emergencies or vehicle repairs. . Taking the Friction out of Lending. Lenders are looking to lend money because that’s how they make money,” Evans said.

Analysis 102

Analysis Lending Payments Data 102

CFPB Monitor

APRIL 25, 2016

The CFPB has issued a new report entitled “ Online Payday Loan Payments ,” summarizing data on returns of ACH payments made by bank customers to repay certain online payday loans. The previous reports were issued in April 2013 and March 2014.)

Online 60

Online Report Payments Study 60

PYMNTS

NOVEMBER 15, 2016

Prosper, like many of its peers in marketplace lending, has had a tough year in 2016 — with investors falling out of love with loans provided online as quickly as they fell in love with them. Aaron Vermut joined Prosper as president in April 2013 and became chief executive in March 2014.

Lending 100

Lending Online Management Company 100

PYMNTS

APRIL 4, 2016

We examine the findings from several market reports on small business access to capital, lending, growth and employment. 68% of B2B buyers made their purchases online in 2014 , found Accenture Interactive in a newly released research report. That’s up from 57 percent in 2013.

Survey 100

Survey Analysis Lending Management 100

Fintech Labs Insights

JULY 30, 2024

files recently, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind.** Cleaning out some (paper!)

Atlanta 29

Atlanta Utah Miami San Francisco 29

Independent Banker

OCTOBER 14, 2014

Robust online mortgage websites embrace today’s lending challenges as well as consumer needs. When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I The online mortgage hub at D.L.

Community Bank 70

Community Bank Lending Community Oklahoma City 70

CB Insights

FEBRUARY 13, 2018

Since 2013, 80% of the top 50 banks by total assets operating in the US have not acquired a fintech startup. Since 2013, only 18 fintech startups were acquired by just 10 of the top 50 US banks. The Spanish bank has acquired startups in the online banking, payment, and real estate valuation sectors. BNP Paribas.

Fintech 68

Fintech Trends Strategy US 68

Gonzobanker

OCTOBER 12, 2022

Much as Ally does with its car lending, Nubank optimizes a single use case to acquire customers – and then cross sells. Founded in 2013, Nubank boasts no maintenance fees and offers free and unlimited transfers and a higher interest rate than a regular savings account. Don’t Look Back in Anger.

Fintech 97

Fintech United States Mobile Chicago 97

PYMNTS

MAY 5, 2016

Max Levchin’s alternative online lender, Affirm, is bringing in the top guns to sturdy up its infrastructure as the company expands business beyond selling point-of-sale systems. The San Francisco-based startup’s voracity for top-notch management comes as demand for its platform increases.

San Francisco 100

San Francisco Branding Payments Analytics 100

CFPB Monitor

MAY 19, 2016

The CFPB has issued a new report entitled “Single-Payment Vehicle Title Lending,” summarizing data on single-payment auto title loans. With the CFPB’s announcement that it will hold a field hearing on small dollar lending on June 2 , the new report appears to be the CFPB’s final step before issuing a proposed rule.

Report 87

Report Lending Analysis Data 87

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JUNE 17, 2016

A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest. The really interesting, though less juicy, story is what got Lending Club into trouble.

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

PYMNTS

AUGUST 4, 2016

With its stock value up 10 percent in after hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from from its lending platform for small business, Square Capital. That is also a 25 percent increase over last quarter.

Lending 100

Lending Capital Payments Taxes 100

CFPB Monitor

JULY 25, 2016

The CFPB describes its handling of consumer complaints, Know Before You Owe initiatives for mortgage and auto loans, consumer resources such as online tools and sample letters, and consumer advisories. ” CFPB: Helping consumers help themselves. .” ” CFPB: Helping consumers help themselves.

Resources 60

Resources Cards Lending Tools 60

CFPB Monitor

MAY 23, 2016

We know that many consumers speak Spanish at home—more than 70 percent of Hispanics according to the 2013 Census, and that number is growing. To better serve these consumers, we are working to provide more Spanish-language resources, both online and in print.”

Resources 60

Resources Lending Online How To 60

CFPB Monitor

JANUARY 5, 2016

A federal district court has refused to dismiss the lawsuit filed by the CFPB in December 2013 against CashCall, several related companies and their principal, which asserted UDAAP violations based on the defendants’ efforts to collect loans that were purportedly void in whole or in part under state law.

CA 60

CA North Carolina Company Massachusetts 60

PYMNTS

SEPTEMBER 5, 2016

The latter said earlier this month that it would buy Jet.com, focused on household goods and groceries, a move that spurred PYMNTS CEO Karen Webster to mull a retail rivalry gaining in intensity, especially in online sales (and it should be noted that Jet’s prices are competitive and, in many cases, lower than Amazon’s). The read across here?

Payments 100

Payments Apple Retail Online 100