PYMNTS

FEBRUARY 14, 2018

An alternative lending conglomerate based in the U.K. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd.,

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

APRIL 25, 2018

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. Capital One reported net income up 71 percent to $1.3 By The Numbers . billion from a year earlier.

Capital 100

Capital Lending Cards Taxes 100

Abrigo

OCTOBER 2, 2014

Following the recent financial crisis, the Basel Committee of Banking Supervision (BCBS) set out to “strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector.” The three pillars include maintaining minimum capital requirements, a supervisory review process and market discipline.

How To 238

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PYMNTS

APRIL 24, 2018

Marketplace lending platforms – Lending Club, OnDeck, Prosper and the like – have inarguably and fundamentally altered the geography of the lending landscape. The lending model has fundamentally changed,” Vallée told Harvard Business School Weekly. Now decisions are increasingly based on hard information.

Lending 124

Lending Study Capital Data 124

PYMNTS

NOVEMBER 12, 2020

In 2014, then-CFO John Shrewsberry told investors at a conference that the bank was looking to add to its private-label credit card business. Selling the private-label credit card unit would be a business reversal for the financial services group. Debit card POS purchase volume hit $102.9 billion in the third quarter, up 11.1

Cards 285

Cards Conference Groups Report 285

PYMNTS

MAY 10, 2018

PayPal has released new data regarding the volume of financing placed with small business borrowers via the PayPal Working Capital solution. Reports in IBS Intelligence on Wednesday (May 9) said PayPal Working Capital has provided U.K. We launched PayPal Working Capital in the U.K. in 2014 to help fill this funding gap.

Capital 116

Capital Meeting Data Report 116

BankUnderground

JULY 20, 2022

In a recent paper we explore the effect on bank lending by combining data on exposure to negative rates with banks’ balance sheets, the Spanish credit register and firms’ balance sheets. This effect was especially strong for undercapitalised banks and lending to risky firms. Why might negative rates work differently?

Policies 110

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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.” He was far from alone.

Lending 100

Lending Capital Compliance Operations 100

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

Innovation 284

Innovation Company social media Operations 284

PYMNTS

MARCH 7, 2019

And generally speaking, central banks seek to boost bank lending if they see, or foresee, a bit of clogged system in hand, where capital flows are needed to sustain economic growth, to keep companies healthy, so that they in turn can continue to keep workers on payroll. It’s being titled TLTO III, said the news site.

Lending 116

Lending Capital System Operations 116

PYMNTS

MARCH 29, 2016

The European Union is in the midst of several upgrades and overhauls within its financial sector, including ongoing efforts to improve access to working capital for the region’s small and medium-sized businesses. The latest figures show levels of bank lending to large corporates has recovered back to pre-crisis levels.

Lending 100

Lending Capital Report Regulation 100

PYMNTS

SEPTEMBER 12, 2018

In its monthly Small Business Lending Index, released Tuesday (Sept. When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement.

Lending 102

Lending Community Bank Taxes Community 102

PYMNTS

JUNE 20, 2017

unit is offering an update on the progress made by PayPal Working Capital. The company revealed Monday (June 19) that it has facilitated more than $500 million (£400 million) in working capital to U.K. small businesses via its financing solution, which launched in 2014. PayPal U.K. The $500 million provided to SMBs in the U.K.

Capital 108

Capital Innovation Course Tools 108

PYMNTS

JULY 25, 2018

Cabot Square Capital, a U.K. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. According to a report in Financial Times , the deal was worth more than €140m. trillion U.S.

Capital 108

Capital FDIC Resources National 108

PYMNTS

MARCH 22, 2019

If data makes the world go ’round, so, too, does it garner investor interest, as evidenced by venture capital and other investors’ funds coming into the coffers of corporates that scrape the web for information. USD in series A funding from a consortium of investors, including Green Visor Capital. An Acquisition in Africa.

Data 178

Data Fintech Capital Lending 178

PYMNTS

MAY 8, 2017

The last 12 months have undoubtedly been a difficult period for marketplace lending pioneer Lending Club. But the silver lining is that banks appear to be coming back to the Lending Club platform as investors in loan packages. per cent in 2014. Will it be enough to get Lending Club back on course?

Lending 100

Lending Leadership Retail Resources 100

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending.

Lending 100

Lending Regulation Big Data Risk Management 100

Celent Banking

JULY 26, 2016

At the same time, demand for loans by enterprises is increasing, driven by merger and acquisition activities, inventories and working capital, and continued low interest rates. More recently, in early 2014 both sides of the credit standards and demand equation crossed the middle point.

Lending 100

Lending Capital Maine Survey 100

PYMNTS

SEPTEMBER 30, 2020

The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp. The industry claims that means payments banks wouldn’t be subject to the same capital liquidity requirements that regular banks are. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

PYMNTS

JANUARY 24, 2019

That led him to realize the potential market for his company, which he started in 2014. Hearst Ventures and Inkef Capital also participated in the round. On Thursday (Jan. 24), he announced that GeoPhy raised $33 million in a Series B funding round.

Lending 181

Lending Marketing Capital Company 181

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

MAY 24, 2019

The takeover highlights the troubles that smaller banks in China face, like poor capital buffers, inadequate internal controls, asset quality deterioration and others. billion) at the end of 2016, which is a leap of 65 percent since 2014. Takeovers of banks are rare in China, and this is the first one in almost 20 years.

Regulation 158

Regulation Lending Guidelines Maine 158

PYMNTS

JULY 19, 2017

Alternative lending has shifted from a competitor of traditional FIs to a collaborator, often lending a digital hand to banks in need of upgrading their systems to provide faster, more agile financing to SMEs. s Big Four banks, with alt lending firms and P2P lenders acting as key vessels for BBB funding. As the U.K.

Lending 138

Lending Capital Report Customer Experience 138

PYMNTS

DECEMBER 13, 2019

Robocash Group, a peer-to-peer (P2P) lending platform, aims to raise $5 million in the next half-year from investors in Europe who want to invest in Southeast Asia, particularly Singapore, according to reports. P2P lending is becoming increasingly popular in Asia, exceeding some traditional European economies. billion two years later.

Lending 130

Lending Regional Groups Marketing 130

Jeff For Banks

DECEMBER 18, 2014

capital appreciation and dividends. The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. It also has a national platform of specialized finance units in homeowners'' associations, public finance, resort finance, and warehouse lending.

North Dakota 88

North Dakota Arizona Minnesota Los Angeles 88

Abrigo

JANUARY 13, 2015

During an October 2014 NCUA examination of Palm Springs Federal Credit Union (FCU), a confidential flash drive went missing. In fact, as of Q3 2014, 43% of companies suffered from a data breach in the past year according to a report from the Ponemon Institute – an increase of 10% over the previous year. Blog Bank Credit Union'

Lending 150

Lending Regulation Data How To 150

PYMNTS

MARCH 20, 2018

The “Scottish Pacific SME Growth Index,” released twice a year, found the portion of small businesses that said they would use banks for funding declined from 38 percent in 2014 to 24 percent in 2018. At the same time, interest in alternative lenders increased. Nearly half (47.6 Nearly half (47.6

Fintech 118

Fintech Lending Survey Innovation 118

Abrigo

JUNE 22, 2015

On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). Small business lending at credit unions has continued to increase over the last several years. billion in 2014 from only $13.4 billion in 2004.

Lending 150

Lending Regulation Policies Meeting 150

Abrigo

JANUARY 22, 2015

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

Community Bank 150

Community Bank Community Regional Cleveland 150

Abrigo

JANUARY 15, 2015

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. Residential mortgage lending is the bank’s specialty; that figure represents more than 48 percent of the institution’s total assets (at $9.56

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.

Data 135

Data Lending Capital Regulation 135

PYMNTS

SEPTEMBER 12, 2016

Alternative lending has been popular among venture capitalists, but France may not come to mind when one considers the top alt-fin markets of the world. The French alternative lending startup announced a $2.8 Last year, analysts found the EU’s alternative lending market to have doubled its valuation compared to 2014 levels.

Lending 100

Lending Analysis Capital National 100

Abrigo

NOVEMBER 2, 2016

Analysts examined banks with at least 25 percent of deposits held in oil- and gas-dependent counties in order to investigate the impact of direct lending to local oil and gas firms and indirect lending to companies servicing the sector. Lower energy prices have had only a modest effect on banks’ profitability and capital adequacy.”

Comparison 150

Comparison Regional Study Risk Management 150

Jack Henry

JUNE 3, 2015

According to the Commercial Finance Association’s annual survey, asset based lending (excluding factoring) commitments rose to $216 billion by the end of 2014, with funded balances reaching $90 billion. During a year that saw a return to commercial real estate lending for many, working capital lines were also clearly a factor.

Lending 60

Lending Capital Survey Trends 60

PYMNTS

JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership.

Lending 103

Lending United States America Industry 103

PYMNTS

AUGUST 21, 2017

BlueVine, which is an online lender that is focused on the small business market, raised funding last year and has secured a total of $188 million in venture capital funding since 2013. The executive noted that investors are looking at the “viability of the overall lending model” and what effect it will have on the weaker players.

Online 100

Online Lending Capital Compliance 100