2017 Innovators to Watch: 44 Executives Shaping the Future of Banking
Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
2017 Capital Lending 
Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High
PYMNTS
NOVEMBER 24, 2020
At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. FinTech STAX, a capital-raising platform that accepts both dollars and cryptocurrency, helped WCA raise the funds. “We To participate, users must lend a minimum of 0.1
Bitcoin 
339
339 Join 23,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Bank Innovation’s Picks for Top 5 Trends in Fintech in 2017
Bank Innovation
DECEMBER 19, 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.
Trends 352
352 
Four Fintechs Eyeing IPO in 2017
Bank Innovation
JANUARY 2, 2017
Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights. The fintech world has been going through a sort of an IPO freeze recently. The headwinds created by certain fintechs this year (looking at you, LendingClub) didn’t help much either. Global financing Read More.
Fintech 288
288 
Has Alternative Lending Seen Its VC Peak?
PYMNTS
MARCH 26, 2019
In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. But there is evidence that investors’ appetite for alternative lending startups is on the wane, even as overall FinTech funding continues to climb — and as the success of the alternative lending market grows, too.
Lending 190
190 
PayPal Working Capital Steps Into Germany
PYMNTS
NOVEMBER 8, 2018
PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts. ” German SMBs can apply for the working capital from PayPal online via their existing PayPal accounts. and Australia.
Capital 194
194 
Registration deadline approaching - Risk management summit 2017
Abrigo
MARCH 22, 2017
The 2017 Risk Management Summit presented by Sageworks is set for September 25-27th in Denver, CO. For more information on the 2017 Risk Management Summit, or to register, visit Sageworks.com/Summit or email events@sageworks.com. The finalized agenda will be published in April. Here are the 2016 Summit Takeaways.
Risk Management 186
186 
What Can Startups Learn from Marketplace Lending Troubles? [Video]
Bank Innovation
APRIL 12, 2017
The marketplace lending industry is far from dead. This was the upshot from a venture capital panel at a recent Bank Innovation event in San Jose. Rather, it’s going through a reboot, which will include improved software, increased focus on regulation, and improved transparency.
San Jose 170
170 
Capital Float Tops Up Capital Raise
PYMNTS
APRIL 11, 2017
India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 According to Capital Float cofounder Sashank Rishyasringa, the deal brings the total raised for Capital Float in 2016–2017 to $9.2 The company has secured significant venture capital, too. million through this route.
Capital 122
122 
Online Lending To Small Business Increases 50 Percent Between 2015 And 2017
PYMNTS
JUNE 1, 2018
Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based billion in 2017 from $2.6 The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S.
Lending 103
103 
ICOs Are Already Revolutionizing Fintech, Moeda CEO Says
Bank Innovation
NOVEMBER 13, 2017
EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: this way of raising capital is already redefining how businesses in certain markets can operate, Taynaah Reis, CEO for cooperative banking system company Moeda told Bank Innovation.
blockchain 278
278 
5 Reasons to expand small business lending
Abrigo
DECEMBER 15, 2016
In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. which means their capital needs fluctuate. businesses are sole proprietorships or small businesses. Small businesses in the U.S.
Lending 150
150 
The Real Effects of Zombie Lending in Europe
BankUnderground
JUNE 9, 2021
‘Zombie lending’ occurs when a lender supports an otherwise insolvent borrower through forbearance measures such as repayment holidays and temporary interest-only loans. In a recent paper , I examine whether these lending practices contributed to the subsequent low output experienced by the euro area. Belinda Tracey.
Lending 141
141 
Is 2017 the year of digital business reinvention in financial services?
Insights on Business
JULY 27, 2017
Against a backdrop of emerging technologies, shifting customer expectations, regulatory changes and evolving business models, Forrester Research lays out the future of financial services in a provocative report entitled “Predictions 2017: Pioneering Financial Providers Will Partner With Fintech To Build Ecosystems”. I think so.
blockchain 166
166 
CAN Capital Announces Another Leadership Change With New CEO
PYMNTS
JANUARY 10, 2019
Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. CAN Capital added Siciliano from commercial financing company Marlin Business Services , where he served in a variety of roles, including CEO and chief operating officer. 9) that Edward J.
Capital 134
134 
China’s P2P Lending Market Expected To Shrink In 2019
PYMNTS
JANUARY 2, 2019
The P2P lending market in China has been rife with scams and controversy for some time now. Bloomberg, citing people with knowledge of the matter, noted that Chinese authorities are gearing up to shut down small and medium-sized P2P lending platforms across the country. trillion yuan by the end of 2017, reported Bloomberg.
Lending 153
153 
Instant Pay Startup Clair Notches $4.5M To Help Gig Workers
PYMNTS
OCTOBER 9, 2020
million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. We are thrilled to be one of the only sources of free capital for America’s hourly and gig workers,” Nico Simko , co-founder and CEO of Clair, said in a statement on Friday (Oct. The funding was led by Upfront Ventures.
New York City 254
254 
GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending
PYMNTS
JANUARY 7, 2019
Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.
Lending 150
150 What’s the State of Banking Innovation in 2017?
Bank Innovation
SEPTEMBER 27, 2017
What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation?
Innovation 257
257 
Lenderfit Launches SMB Lending Tech In Beta
PYMNTS
APRIL 19, 2019
Small business lending technology company Lenderfit has rolled out its services in beta, connecting financial institutions to solutions to facilitate small business lending. He told the publication that Lenderfit began as a way to address the small business lending challenges of nonprofit investment firm Access Ventures.
Lending 128
128 
Alt-Lending Conglomerate TruFin Lands $97M In IPO
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
122 5 Top takeaways from the 2017 Risk Management Summit
Abrigo
SEPTEMBER 27, 2017
The hundreds of people attending the 2017 Risk Management Summit hosted by Sageworks heard from dozens of thought leaders in the financial services industry. Here are five of the top takeaways from the 2017 Risk Management Summit (along with presenters’ names): 1. The 2018 Summit will be held Sept. 25-27, 2018, in Chicago.
Risk Management 150
150 
SEC Appoints Small Business Capital Committee Members
PYMNTS
APRIL 29, 2019
Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. The SEC’s new advocate for small business capital formation, Martha Legg Miller, and 15 other members are also a part of the team, reports said.
Capital 108
108 
SMBs’ Online Lending Surge Raises Borrower Protection Concerns
PYMNTS
DECEMBER 30, 2019
30) said a lack of regulation in the online SMB lending arena is raising concerns over sky-high fees and interest rates, sparking a bigger conversation about expanding borrower protections beyond consumers. Top players in the industry, including PayPal and Amazon , have promoted borrower trust in the online lending business model for SMBs.
Lending 131
131 
India’s Tata Capital Introduces App For Commercial Loan Clients
PYMNTS
MAY 11, 2020
Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.
Capital 141
141 
SBA Promotes Credit Union SMB Lending
PYMNTS
JUNE 6, 2019
When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report.
Lending 129
129 
PayPal (Maybe) Pulls Ahead Of The SMB Lending Pack
PYMNTS
APRIL 29, 2019
Data from Invoice2go found that sole proprietors and businesses with only a handful of employees showed a weakened performance compared to the same period of 2018, with overall revenue growth rates slowing from 14 percent in 2017 to just 3 percent in 2018. middle-market in the recently released Golub Capital Altman Index.
Lending 168
168 JPMorgan Chase’s Adam Carson to Do Fireside Chat at Bank Innovation 2017
Bank Innovation
NOVEMBER 28, 2016
will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.
San Jose 150
150 
Sub-Prime Lending’s Late-Year Bounce
PYMNTS
NOVEMBER 20, 2018
In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1
Lending 188
188 A Decade On, Lending Transformed By Crisis And Innovation
PYMNTS
SEPTEMBER 18, 2018
And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.
Lending 148
148 Fiserv CEO Jeff Yabuki to Speak at Bank Innovation 2017
Bank Innovation
FEBRUARY 8, 2017
Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Yabuki joined Fiserv in 2005. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.
San Jose 150
150 Tax Reform Shows Early Signs Of SMB Bank Lending Impact
PYMNTS
FEBRUARY 7, 2019
Bloomberg noted that it used 2016 tax rates to compare what banks paid last year, due to the accounting adjustments that financial institutions (FIs) applied in 2017 as a result of tax reform taking effect. Overall, the top banks saw lending grow by 2.3 percent growth rate in 2017. Overall, the top banks saw lending grow by 2.3
Taxes 122
122 Citi Appointed To Service $80B In Assets For Victory Capital
PYMNTS
OCTOBER 3, 2019
Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition. This new business further grows Citi’s existing relationship with Victory Capital. With more than $21.7 With more than $21.7 Asia and Latin America.
Capital 115
115 Capital One Q2 Earnings Preview: Increased Spending, Decline In Revenue Expected
PYMNTS
JULY 17, 2019
Financial experts are predicting Capital One’s second-quarter earnings will fall below expectations, despite their moderate success in the first quarter. Its core card business and its commercial lending activity grew, leading to higher revenue numbers. Last year, Capital One spent $18.6
Capital 108
108 Fed Sees Jump In SMB Capital Demand
PYMNTS
APRIL 18, 2019
The Federal Reserve has released new data on small businesses’ appetite for capital, and it appears that financing demand is on the rise. Compared to 2017 figures, small businesses have increased their demand for capital. Nearly one-third sought financing online in 2018, an increase from 24 percent in 2017.
Capital 109
109 
Can Data Driven Lending Displace VC Funding For Some Firms?
PYMNTS
DECEMBER 17, 2019
CircleUp entered the market in 2012 as a data driven variation on venture capital (VC) funding to solve for part of that problem in retail and consumer packaged goods (CPG) firms. CircleUp’s lending platform was founded in 2017 to fill that hole and has underwritten about $300 million in loans since then. The first is focus.
Lending 132
132 
What is the State of Banking Innovation in 2017?
Bank Innovation
JUNE 8, 2018
What is the state of banking innovation today? Each year, we poll the industry to find out. Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].
Innovation 220
220 Hong Kong Relaxes Rules In Effort To Boost FinTech Lending
PYMNTS
SEPTEMBER 4, 2019
The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. billion as of June 30 of this year and as measured since the August 2017 launch. Open Banking Partnerships – Focus On Romania.
Lending 134
134 Canada Economic Growth Slows, SMB Lending Cools
PYMNTS
DECEMBER 20, 2017
Data is expected to show slower economic growth across Canada for the second half of 2017 and, along with it, a slowdown in small- and medium-sized business (SMB) lending, according to new research from small business credit data and analysis firm PayNet. In its “Small Business Lending Index,” released Tuesday (Dec.
Lending 116
116 
Why Marketplace Lending Needs Less Transparency, Not More
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
124 
FIS Partners With Liberis For SMB Alt Lending
PYMNTS
JANUARY 29, 2020
can get loan approvals in minutes through its Worldpay Working Capital solution, which initially rolled out in March 2019. Working Capital makes it faster and easier for businesses to get access to the cash they need while allowing them to pay the funds as a percentage of their daily card transactions.”. FIS merchants in the U.S.
Lending 131
131 
Visa’s SVP for the Internet of Things Joins Bank Innovation 2017
Bank Innovation
JANUARY 10, 2017
Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. Recent video footage also Read More.
San Jose 150
150 Brex: Market volatility not ‘doomsday’ for tech funding
Bank Innovation
MARCH 24, 2020
billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6
Marketing 199
199 
Square Eyes Banking Services Via Cash App
PYMNTS
SEPTEMBER 19, 2018
” Not only does research show that Square’s Cash App is growing faster than PayPal ‘s Venmo , but the company recently boosted its presence in small business (SMB) lending through Square Capital.
Capital 174
174 
Let's personalize your content