Abrigo

OCTOBER 28, 2022

Learn how credit unions can manage capital levels amid credit stress. The only real deterioration we're starting to see is in subprime auto and credit card portfolios.” “The only real deterioration we're starting to see is in subprime auto and credit card portfolios.” Watch webinar. Inflation, interest rates, hedging.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. The investor was TSG Capital Partners, according to TechCrunch. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

United States Leadership Risk Management California 140

PYMNTS

NOVEMBER 2, 2018

In a Kakao Pay -led Series B round, peer-to-peer (P2P) lending platform PeopleFund took in $11 million in funding. The South Korean company, which was started in 2015, matches borrowers with investors in a marketplace for lending, according to reports.

Lending 134

Lending Cards System Report 134

PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments.

Lending 100

Lending Apple Cards Study 100

PYMNTS

OCTOBER 14, 2016

The unbanked are often young employed workers that have not built up a credit history and do not own a credit card. According to Forbes, the past few years has seen an increase in bad loans that has caused traditional lenders to be more cautious in their lending, and that includes the nationalized banks.

Lending 100

Lending Capital Maine Cards 100

PYMNTS

JUNE 19, 2018

Businesses that are buying on the Handshake Direct eCommerce website and mobile app can pay suppliers using any major credit card, while vendors can see money deposited into their accounts within two business days. The integration is available to joint customers in the Square App Marketplace, the companies noted.

Payments 116

Payments Cards Lending Online 116

PYMNTS

JUNE 24, 2016

trillion in 2015. Online lending . Costco Card. The Costco Card has generated a lot of buzz. But all that buzz was based on anticipation and the hope that the card would be all it is cracked up to be. Well, the card has dropped, but unfortunately, it may not be so dearly loved as it was dearly anticipated.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Investors placed more than $136.5 The rundown of the latest funding rounds is below.

Analytics 105

Analytics Capital Tools California 105

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. billion — a 14 percent increase from 2015. Card Weakness.

Millennials 103

Millennials Lending Capital Cards 103

PYMNTS

JANUARY 27, 2017

Analysts found that, in the first nine months of 2016, China held the top spot for FinTech investment, with funding raised for that period doubling compared to the same period in 2015. Commercial Cards. TripActions offers rewards for employees when they remain under corporate budget, which can be used for things like Amazon gift cards.

Fintech 100

Fintech Cards Mobile Capital 100

PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The company is also reportedly in talks with international investors about raising $50 million via an equity round that QMS Capital is handling.

Fintech 116

Fintech Marketing America Report 116

PYMNTS

JULY 11, 2017

And, as a result, higher fees for consumers levied by cautious lenders, when they lend at all? Banks and credit card companies now find themselves more likely to be targeted by class action lawsuits stemming from customer complaints. . Chamber of Commerce Center for Capital Markets Competitiveness.

Cards 101

Cards Lending Study Industry 101

Celent Banking

NOVEMBER 17, 2015

In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending. Many of the top FinTech companies—Square for card acceptance, Stripe for e-commerce, and Kabbage for business loans, have gained prominence serving primarily small businesses.

Report 100

Report FDIC Lending Fintech 100

PYMNTS

APRIL 30, 2018

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. Blockchain. Digital banks. Blockchain. Take the blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

OCTOBER 13, 2016

But despite its market size, SMEs are struggling to get the working capital they need. A new report by the Canadian Federation of Independent Business (CFIB) released this month explores the financing efforts of SMEs between 2012 and 2015. Nearly half of Canada’s SMEs have applied for some form of financing in recent years.

Lending 100

Lending Capital Survey Cards 100

PYMNTS

APRIL 19, 2017

When the Small Business Borrowers’ Bill of Rights was developed in 2015, it appeared as if alternative SME lenders were collectively taking a stance against predatory lending practices in an effort to protect small businesses. We’re in a time where we still see access to capital as a real hurdle for small businesses,” she said.

Lending 116

Lending Resources Community Capital 116

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. Just under $3 billion – or $2.7

Apple 159

Apple Mobile Fraud Branding 159

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. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. After many fits and starts, Square pushed into an IPO in late 2015. Launched in 2014 as the firm’s lending arm, Square Capital has extended over $1 billion in working capital to over 100,000 small merchants.

Apple 110

Apple Capital Cards Payments 110

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. But in October 2015, the company announced it would be shut down. Amazon’s Next Financial Pillar.

Cards 101

Cards Lending Strategy US 101

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. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth.

Online 98

Online Company Retail Payments 98

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. The first that comes to mind, of course, is when an entrepreneur is selling her business.

Data 100

Data social media Lending Tools 100

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. Our focus has always been on user experience and for them to get capital in less than ten minutes. The most recent funding came in October 2015, bringing $135 million in a Series E. To date, the business has provided over $2.5 Fees range from 1.5

Regulation 100

Regulation Lending US FDIC 100

CB Insights

NOVEMBER 21, 2019

The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Qualifying top five venture capital investors (e.g. Capital markets. digital collectibles”). Real estate.

Fintech 93

Fintech Marketing US Technology 93

Independent Banker

MAY 2, 2016

We ignite prosperity in all the communities we serve through community reinvestment, lending to local businesses, and providing educational opportunities for the community and our employees. ROAA in 2015: 1.74 ROAE in 2015: 21.30 At The Bank of Tioga, we preserve the local touch and serve our clients and communities well.

North Dakota 70

North Dakota Community Bank Community Risk Management 70

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

Bank Innovation

MARCH 24, 2016

This is about average for a YC incubator class, with the 26% from Summer 2015 being an Read More. Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding. Just under 10% of the companies — 15 to be exact — were fintech-related.

Fintech 150

Fintech Meeting Company social media 150

PYMNTS

OCTOBER 21, 2019

In 2016, it got to the point where it seemed every merchant or tech firm that could affix the world “pay” to its name did so, and launched a mobile payment service to go with it: Apple Pay, Google Pay, Kohl’s Pay, Chase Pay, Capital One Pay, Walmart Pay, Target Pay, CVS Pay, Garmin Pay. The network would run on a card issued by Barclays U.S.,

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

FEBRUARY 28, 2017

SoFi, the San Francisco–based lending startup, has by all reasonable metrics hit the ground in 2017 running. ” SoFi’s last funding round was in late September 2015, when it raised $1 billion from Softbank — and the firm reports that is has been unevenly profitable over the past several years. An “Opportunistic” Round.

San Francisco 100

San Francisco Delaware United States Groups 100

Gonzobanker

JULY 7, 2015

Here’s the bottom line: In the past six years (March 2009 to March 2015), the top 10 Internet banks have grown an impressive $175 billion in new deposits. Here’s the breakdown of these 10 banks in order of deposit growth: Deposits ($000): March 2009 Deposits ($000): March 2015 6-Year Growth. ($000). Think about this. billion in 2010.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

TrustBank

DECEMBER 8, 2022

Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards. Revolving Credit (Credit Cards & Personal Lines of Credit): While home ownership grew, revolving credit exploded. From 1990-2004, US home ownership rose 7.45% to 69.2%

US 52

US Policies Taxes Washington 52

Fintech Labs Insights

MAY 24, 2016

The credit line is dynamic; it automatically adjusts to furnish businesses with the right amount of capital they need to grow. Earlier this month, Kabbage partnered with alt-lenders OnDeck and CAN Capital to launch the Innovative Lending Platform Association and Smart Box.

San Francisco 15

San Francisco Georgia Big Data Lending 15

PYMNTS

SEPTEMBER 22, 2017

In 2015, 414,000 new businesses were formed in the latest year surveyed, according to the Census. Another philosophy points to the collapse of small banks and credit unions in the post-crisis years, and the collapse of the market for home equity loans, which could have made it harder for would-be entrepreneurs to get access to capital.

US 108

US Apple Innovation Regulation 108

Fintech Labs Insights

APRIL 20, 2016

Last week we took a look at what the alums of FinovateSpring 2015 have been up to in the year since they demoed on the Finovate stage. Of the 72 companies that demoed at FinovateSpring 2015 in San Jose last year, 21 of them raised capital within a year. Dec 2015. [M&A] October 2015. September 2015. [M&A]

San Jose 12

San Jose Video Lending Capital 12

Fintech Labs Insights

AUGUST 12, 2016

If unanimously positive perceptions are the hallmark of a bubble, then rest assured that the alt-lending market has moved past that stage. So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Looking at the P2P lending market in the U.K., Other trending topics.

Trends 12

Trends Lending Fintech blockchain 12

CB Insights

NOVEMBER 6, 2018

Select Investors: DST Global, DN Capital, SoftBank Group. Select Investors: Institutional Venture Partners, Sequoia Capital, General Atlantic. Select Investors: Rhone Capital. Select Investors: Index Ventures, DST Global, Ribbit Capital. TowerBrook Capital Partners. OttoBock Healthcare. Valuation: $3.5B.

Groups 76

Groups Capital Operations Fintech 76

Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. ” – Tom Armstrong. And the winners are ….

Community Bank 60

Community Bank Apple Community Technology 60