Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. The conference was well attended, with broad representation from all institution sizes and markets. Presentations focused on targeted marketing for “moneyhawks” , new P2P models (e.g. P2P lending), and new payment schemes.

Conference 100

Conference Retail Community Community Bank 100

CB Insights

NOVEMBER 21, 2019

The 2019 Canadian fintech market map. 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. Navigating the Canadian fintech market map. Capital markets.

Fintech 93

Fintech Marketing US Technology 93

Celent Banking

JANUARY 22, 2015

On the social aspect of banking, Banco Colpatria in Colombia offers credit cards to individuals using Lenddo’s social scoring. Galicia MOVE includes a savings account, a debit card and a credit card. Banks are certainly not playing hide and seek with P2P lending. What about banks? Change or die.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

DECEMBER 23, 2019

billion in credit card debt and $382.9 CUs are working hard to meet these expectations, though, leveraging tactics — such as emotional marketing — to get ahead. Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs.

Data 131

Data Lending Michigan Regulation 131

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

NOVEMBER 27, 2018

Climbing interest rates are taking their toll on the number of consumers in the market for new home mortgages. percent, according to Freddie Mac – the biggest weekly decline since January 2015. The Incredible Shrinking Non-Bank Mortgage Lending Market. But a year ago, that interest hovered near 3.99

Marketing 116

Marketing Dallas Lending Conference 116

CFPB Monitor

MAY 26, 2015

Just in time for the holiday weekend, the CFPB released its Spring 2015 rulemaking agenda last Friday. In November 2014, the CFPB issued a proposed rule for prepaid financial products, including general-purpose reloadable prepaid cards and certain digital and mobile wallets. Payday and deposit advance loans. ” Overdrafts.

Study 60

Study Analysis Lending Report 60

Abrigo

OCTOBER 28, 2022

The only real deterioration we're starting to see is in subprime auto and credit card portfolios.” Even as news headlines announce that “the sky is falling,” many Abrigo clients are relaying they can count only six or seven charge-offs since 2015 or so, he added. Add training on loan modifications and workouts.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

MAY 13, 2016

On the heels of Lending Club’s fall from grace this week – the day after to be precise – Wells Fargo announced that it would come to the rescue of SMBs by offering fast decisions on small business loans. Merchants and Chip Cards. Alt Lending. Across the pond, however, it remains a rather different story.

Cards 100

Cards Lending Google Apple 100

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. Reduced cycle time.

Lending 80

Lending Analytics Data United States 80

PYMNTS

JUNE 24, 2016

trillion in 2015. But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. Online lending . Costco Card. The Costco Card has generated a lot of buzz. That compares to €2.1

Lending 101

Lending Online South Dakota North Dakota 101

CFPB Monitor

MARCH 10, 2017

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. On April 13, 2017, from 12 p.m. to 1 p.m.

Cards 68

Cards Comparison Trends Marketing 68

CFPB Monitor

FEBRUARY 25, 2015

The CFPB has issued a proposal to suspend for one year the Truth in Lending Act/. Regulation Z requirement for issuers of open-end credit cards to send their credit card agreements to the CFPB quarterly for posting in a public database on the CFPB’s website. March 13, 2015.

Cards 60

Cards System Lending Regulation 60

PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. small and medium-sized business market, and the chance to lead a newly-licensed bank that can be part of the solution is a great opportunity.” In February, Menlo, California-based TCV led a $500 million round.

United States 140

United States Leadership Risk Management California 140

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. In B2B payments, that means changes in how businesses access, protect and ultimately make their money. 65% of U.K. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

PYMNTS

JUNE 19, 2018

Now, the company is taking a larger step into the market through a collaboration with Handshake. 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.

Payments 116

Payments Cards Lending Online 116

PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. It amounted to about $12.5

Fintech 100

Fintech Lending Capital Innovation 100

CFPB Monitor

NOVEMBER 30, 2020

During the same period, the share of retail revolving and credit card loans with actual payment information significantly declined. While 95 percent of retail revolving tradelines contained actual payment data in 2015, the share declined to 71 percent in 2020.

Report 78

Report Data Payments Guidelines 78

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

MARCH 22, 2019

JPMorgan may have breathed life into the market, a bit, with news of the JPM Coin (though we point out that this one has been targeted to institutional investors, and not the general public). As noted just this week, Citigroup has decided that it will scrap its plans to bring a crypto to market after several years of trying.

Bitcoin 123

Bitcoin social media Lending cryptocurrency 123

PYMNTS

MAY 12, 2016

Payday loans and the advertising of some lending products just got a lot less Google-friendly. Google announced that it has updated its AdWords policy to effectively ban advertisers from marketing a number of lending products starting July 13. credit cards).”

Google 100

Google Policies Lending Leadership 100

PYMNTS

APRIL 10, 2017

Experian, the credit rating company, is getting into the biometrics market, inking a deal with technology company BioCatch to use behavioral biometrics to fight fraud. According to a report in Reuters , the partnership is aimed at enabling customers to identify fraudsters applying for credit cards and lending products online.

Fraud 104

Fraud Online Cards Lending 104

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

PYMNTS

JANUARY 27, 2017

is no longer the world’s largest market for FinTech investment, according to the latest report from Citigroup, released this week. 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.

Fintech 100

Fintech Cards Mobile Capital 100

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

DECEMBER 1, 2016

Data from the International Data Corporation suggests that while the Philippines is underbanked, over 30 percent of Filipinos owned smartphones in 2015. In fact, they found the Philippines to have one of the fastest growing smartphone markets in the world. Its digital pawn shop rolled out in the Philippines in 2015.

Regional 100

Regional eBook Mobile Analysis 100

PYMNTS

JUNE 20, 2016

When rumors of sales and acquisitions start popping up, it’s usually in a given retailer’s best interest to play their cards close to the chest and avoid spooking investors and markets alike. However, there’s only so long gossip like that can be kept under wraps, and especially so for sought-after Cabela’s.

Omaha 109

Omaha New York Retail Lending 109

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

APRIL 21, 2016

Where consumers go, companies that support commerce have no choice but to follow, and when those consumers choose to go global with their purchases, the decision has been made for credit card issuers. The company’s net interest margin also rose by 25 basis points to reach a new figure of 10 percent.

Compliance 100

Compliance Cards Lending Meeting 100

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. Add to that the diminished value of used cars — down about 8 percent this year — and auto lenders like Ally Financial are predicting a market that will be contracting this year.

Millennials 103

Millennials Lending Capital Cards 103

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 16, 2018

JPMorgan didn’t see much of a boost from lending operations, which were relatively flat in the quarter, reports said. Rather, credit card and auto lending operations drove the institution’s financial strength in the quarter. The FI posted its strongest profit since 2015, reports said. Wells Fargo.

Taxes 100

Taxes Lending Operations Data 100

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. Market strategy outside the US. Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending.

Cards 101

Cards Lending Strategy US 101

PYMNTS

MAY 30, 2016

CHAPS payment scheme in 2015 , and the infrastructure is used primarily for corporate treasury payments , according to the latest data from UK Payment Markets 2016.The The figure was provided by researchers examining the trends away from cash as businesses and consumers increasingly use cards. billion in sales for FY 2016.

Analysis 100

Analysis America Guidelines Lending 100

PYMNTS

OCTOBER 31, 2016

Disappointed millennials rejected by credit card companies. And Lending Club — perhaps disappointed with its results of late in its central business — is branching out. And Lending Club — perhaps disappointed with its results of late in its central business — is branching out. Lending Club’s New Groove.

Data 100

Data Millennials Chicago Lending 100

CFPB Monitor

MARCH 13, 2015

In its Winter 2015 Supervisory Highlights , which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt collection, consumer reporting, overdraft practices, mortgage origination, and fair lending. Fair lending.

Report 60

Report Lending Compliance Regulation 60

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. Market opportunity. Virtual card issuance. Business lending and corporate cards. Stripe is ramping up its private market investments.

Online 98

Online Company Retail Payments 98