PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

Capital 150

Capital America blockchain Operations 150

PYMNTS

JULY 25, 2018

Bloomberg reported Tuesday (July 24) that eBay will begin offering merchants up to $100,000 in financing through Square Capital. The report also highlighted how eBay is working with PayPal rivals, Square and Apple Pay, following its split from PayPal in 2015.

Lending 134

Lending Capital Apple Operations 134

Bank Innovation

FEBRUARY 16, 2017

Venture capital-backed fintech companies in the U.S. billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More. Venture capitalists were not buying it last year. saw a drop in both deals and funding volume last year. Fintechs raised $5.5 billion across 422 deals, compared to $7.7

Fintech 230

Fintech Capital Company Operations 230

Bank Innovation

SEPTEMBER 21, 2017

Financial services company SWIFT announced today that it has mitigated four additional capital depositories onto its Target2 Securities, or T2S, network. The four CSDs, which will start live operations on SWIFT T2S, marks the last four to move to the network since the migration plan first begun in June 2015.

Capital 225

Capital Security Operations Company 225

PYMNTS

JANUARY 26, 2020

Monzo launched in 2015, and now serves an estimated 3.7 SoftBank’s future FinTech funding will likely come by way of its second Vision Fund, which started making investments last year. The conglomerate’s first Vision Fund invested $100 billion in startups like Uber and WeWork. million U.K. offering limited services in Los Angeles.

Los Angeles 193

Los Angeles Capital Digital Banking Fintech 193

CFPB Monitor

SEPTEMBER 15, 2020

Almost five years after entering into an administrative consent order with Encore Capital Group, Inc., and Asset Acceptance Capital Corp. Midland Funding, LLC, Midland Credit Management, Inc., failed to process payments by accepted means so as to avoid the assessment of fees to consumers.

California 138

California Capital Groups Management 138

PYMNTS

NOVEMBER 20, 2020

Chromo Capital co-led the deal. Also participating were Perry Capital, founded by Richard C. Perry, and new fund Bramalea Partners, launched by Andrew Boyd, former head of global equity capital markets at Fidelity Investments.

Capital 253

Capital Online Industry Strategy 253

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 236

How To Capital Community Bank Maine 236

PYMNTS

JANUARY 20, 2021

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Birkenstock Discusses Potential Sale With CVC Capital Partners. Birkenstock is reportedly in talks for a sale to CVC Capital Partners.

Retail 239

Retail Google Capital Branding 239

Bank Innovation

DECEMBER 10, 2019

The firm, which closed a $250 million fund in 2015, primarily invests in business-to-business technology companies. Centana Growth Partners, a New York and Palo Alto, Calif.-based based growth equity firm, closed its second fintech valued at $375 million this week.

Fintech 293

Fintech New York Technology Company 293

Bank Innovation

SEPTEMBER 21, 2018

Among initial investors are Capital One Growth Ventures and BB&T. The fintech last raised funds in a Series B round in 2015. Data analytics company Enigma celebrated a $95 million dollar Series C raise earlier this week. The […].

Fintech 170

Fintech Analytics Capital Data 170

PYMNTS

AUGUST 31, 2019

Led by ATW Investors, the funding also includes previous investors Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital Groups, Symantec, Capital One Ventures and Stanford University. The American Bankers Association said in 2015 that only 42 percent of Americans know their FICO score.

Capital 198

Capital Tools Groups Report 198

Bank Innovation

SEPTEMBER 27, 2016

Fintech is on pace to best venture capital 2015 fundraising by 36% this year as startups focus on transparency and ease-of-use to disrupt the incumbents. billion into the sector, Bruce Taragin, managing partner, Blumberg Capital, said at a recent gathering at Columbia Law School in Read More. Last year, VCs poured $11.9

Fintech 150

Fintech Capital Management 150

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

Fintech 201

Fintech Capital Groups ATM 201

PYMNTS

JUNE 14, 2020

The three companies charged are Richmond Capital Group, Ram Capital Funding and Viceroy Capital Funding. Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to clients, according to a press release.

Company 198

Company Fraud New York Capital 198

PYMNTS

JANUARY 25, 2021

In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Backed by billionaires Peter Thiel and Li Ka-Shing, N26 launched its first products in 2015 and is among Europe’s most valuable non-listed FinTechs. Dropbox leader Adrienne Gormley will become the chief operating officer.

Fintech 254

Fintech Operations Tools Capital 254

Bank Innovation

FEBRUARY 24, 2016

InsurTech moved into the limelight on 8th December 2015 when it was announced that Sequoia Capital had done a $13m seed investment into a stealthy venture called Lemonade. Call it the Sequoia effect. Could this be another WhatsApp story (with a $19 billion exit only 3.5 years after Sequoia invested in Read More.

Capital 150

Capital 150

Bank Innovation

SEPTEMBER 30, 2016

We held our breath for nearly 9 months after the $13m Sequoia Capital Seed round for Lemonade was announced at the end of 2015. Image source The Daily Fintech founders are at SIBOS in Geneva; reporting every day, snippets of insights on the Fintech Genome. Stay tuned on all SIBOS Insights conversations. Release Read More.

Fintech 150

Fintech Community Capital Report 150

PYMNTS

AUGUST 11, 2020

Other investors included Menlo Park, California-based TCV and Index Ventures , the global venture capital firm with dual headquarters in San Francisco and London, along with half a dozen others. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad.

San Francisco 239

San Francisco Fintech Digital Banking California 239

PYMNTS

JUNE 18, 2020

Founded 80 years ago, the Boise, Idaho, chain has been owned for the past 14 years by private equity firm Cerberus Capital Management, according to Supermarket News , which first reported the IPO in March. Albertsons Cos., the nation’s second-largest supermarket chain, is preparing for an initial public offering (IPO), according to a U.S.

Idaho 197

Idaho New York Security Report 197

PYMNTS

JANUARY 25, 2019

million raised for its solution, which KiWi said will be used to focus on growth in Mexico, where it has been operating since 2015. Finch Capital recently invested an undisclosed sum into Indonesia’s Jojonomic, a company that provides expense management and business management technology. The company recently announced $3.2

Fintech 192

Fintech Capital Management Cards 192

PYMNTS

JULY 24, 2020

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

PYMNTS

FEBRUARY 26, 2019

Payment platform Payoneer is launching its Capital Advance service, the company announced on Monday (Feb. Designed as a solution to support cash flow management for online commerce companies, Capital Advance provides access to working capital financing for businesses selling online.

Tools 140

Tools Capital Online Payments 140

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. million write-off across eight of its portfolio platforms last year, which the firm attributed to challenges related to obtaining growth capital. Further, GLI Finance revealed a $25.93

Lending 190

Lending Capital Fintech Security 190

PYMNTS

MARCH 31, 2020

Huaxing Capital subsidiary Huaxing New Economic Fund headed up the Series C+ round. A Huaxing Capital official called the company “an absolute leader in the industry,” per a translated statement. Blue Lake Capital, Zhonglin Capital and SoftBank China, which have invested in the company before, also reportedly invested in the round.

Industry 144

Industry Capital United States Software 144

Bank Innovation

JULY 7, 2016

This year to date has seen $161 million invested so far, while 2015 saw a total of Read More. As the summer heats up, blockchain hype may (finally) be cooling down. 2016 will likely see less investment in bitcoin and blockchain technology, but that is true for many other areas, as well.

blockchain 210

blockchain Bitcoin Technology Operations 210

Abrigo

OCTOBER 21, 2014

The Financial Accounting Standards Board (FASB) continues to receive attention surrounding their proposed current expected credit loss (CECL) model , as final guidance is expected to be released late 2014 or early 2015. Such a change would require significant modifications to ALLL methodologies and reserve levels.

Analysis 207

Analysis Capital Conference Taxes 207

PYMNTS

FEBRUARY 27, 2020

A surge cap in Chinese stocks, fueled by the stimulus package from the government to combat the virus-riddled economy, has brought about fears of a repeat of the 2015 market crash, according to Reuters on Wednesday (Feb. China has been working hard to inject funds into the economy, which has seen itself crippled as the coronavirus descended.

Marketing 146

Marketing Capital New York Taxes 146

Bank Innovation

APRIL 13, 2018

The bank, which was officially launched in 2015, currently has a German banking license, allowing it to operate in other […]. Berlin-based challenger bank N26 will be opening its services to users in the United States and the United Kingdom by the end of this year, founder and chief executive officer Valentin Stalf told Reuters today.

United States 210

United States Operations Capital Online 210

PYMNTS

JANUARY 4, 2017

in Canada , they are breathing new life into the startup market and have drawn in a new crop of venture capital funds in Canada that are looking for young FinTech companies. Citing data from PitchBook, Reuters reported venture capital financing of Canadian FinTechs was $137.7 million in 2016. In 2000, it was $7.3 and the U.K.

Fintech 159

Fintech Capital Financial Technology Report 159

Abrigo

SEPTEMBER 7, 2016

According to the Consumer Financial Protection Bureau’s (CFPB) Monthly Complaint Report , consumer banking complaints increased by 26 percent from 2015 to 2016. This three-month rolling average compares the number of complaints reported from May to July in 2015 against the same period in 2016.

Community Bank 150

Community Bank United States Policies Community 150

PYMNTS

JANUARY 20, 2021

Blomfield had been speaking with Monzo investor Eileen Burbidge of Passion Capital , and Monzo Chair Gary Hoffman about changing roles, the report says. Monzo was founded in 2015. And then the pandemic came and "exacerbated things," including forcing Monzo to cut staff and close offices.

Report 210

Report Capital Groups Company 210

PYMNTS

OCTOBER 5, 2016

The data storage company fetched a market capitalization of $5 billion right out of the gate. That culprit on that downturn, was of course Deutsche Bank, and general investor worries about capitalizations and interest rates. Venture capital firms that have been, in the past, open to funding companies (unicorns, anyone?)

Capital 168

Capital Course Marketing System 168

PYMNTS

JANUARY 22, 2019

Munchery came on the scene in 2010 and hit a valuation of $300 million in 2015 after raising $87 million in a venture funding round. Its venture capital investors included Greycroft, ACME Ventures (formerly known as Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13 and others, noted reports.

Operations 154

Operations Los Angeles San Francisco Seattle 154

PYMNTS

NOVEMBER 24, 2020

InsurTech group Hippo Enterprises has announced a capital investment of $350 million from Mitsui Sumitomo Insurance Company , a press release says. homeowners population in the next year, as well as providing additional capital for its insurance and reinsurance companies,” the release says.

Risk Management 174

Risk Management Capital Online Groups 174

PYMNTS

OCTOBER 31, 2018

Existing investors Passion Capital, Goodwater, Thrive Capital, Orange Digital Ventures and Stripe also participated. Reuters noted the bank, which launched in 2015, isn’t profitable. The company said its capital value has jumped from 280 million pounds in 2017. With a valuation of $1.3 With a valuation of $1.3

Capital 153

Capital Taxes Mobile Maine 153

PYMNTS

SEPTEMBER 16, 2020

16) unveiled a $450 million injection of capital by a group of investors led by KKR in exchange for a minority stake in the company. Founded in 2015, Zwift now claims 2.5 Indoor, at-home training is apparently an in thing right now during the age of social distancing and coronavirus restrictions. The Long Beach, Calif.-based

Long Beach 165

Long Beach Training Exercises Capital 165