Perficient

JANUARY 25, 2023

Banks are focused on efficiency initiatives to optimize their operations and lower costs. While institutions want to increase their technology play, they are weary of overcomplicating operations. Another example is Eno , Capital One’s virtual assistant. Here are five banking trends we’re forecasting for the new year.

Banking Trends 474

Banking Trends Trends United States FDIC 474

PYMNTS

JANUARY 11, 2021

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 Other investors include Blackrock Institutional Trust and Vanguard Group. In mid-December, Cardtronics announced a $35 per share offer by Apollo Global Management and Hudson Executive Capital.

ATM 172

ATM Operations Houston Georgia 172

PYMNTS

SEPTEMBER 21, 2020

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., China International Capital Corp. , Citigroup , J.P.Morgan and Morgan Stanley are managing the Hong Kong sale. Ant Group declined to comment in an emailed statement. The news comes as Ant Group gained profits of $1.3

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Groups Capital Regulation Operations 141

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments. Last month, it named Jonathan Penkin as head of the local business.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

JANUARY 18, 2021

Sequoia Capital has agreed to invest around 6 billion euros in Auto1 Group before the online car trading platform's initial public offering (IPO), Bloomberg reported Monday (Sept. fund Lone Pine Capital reached a preliminary deal to buy around 50 million euros of Auto1 stock from DN Capital , an early investor.

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Capital Groups Branding Online 234

PYMNTS

JANUARY 22, 2021

One proposition is a 9 percent core capital requirement on the top tier, akin to banks. Middle-layer non-bank lenders would follow a board-approved policy on capital adequacy, and upper-layer shadow financiers would follow exposure rules like those big banks follow. It will only let them take on a limited amount of leverage.

Regulation 272

Regulation Capital Lending Groups 272

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

Capital Mobile User Experience Groups 141

PYMNTS

SEPTEMBER 14, 2020

New Chinese finance rules will force Ant Group to comply with regulations to back up any payments, lending or other finances with substantial capital, according to a report from The Wall Street Journal (WSJ). 1, and will have to apply for a license to do so. Ant began looking to make an initial public offering (IPO) filing last month.

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Groups Company Regulation Lending 161

PYMNTS

JANUARY 26, 2020

The investment group also sat down with Monzo’s competitor Revolut, and recently funded London-based digital bank startup OakNorth with £297.7 operations, reporting to Bloomfield. No deal was struck yet, and the talks are still in the beginning phase, sources said. expansion.

Los Angeles 193

Los Angeles Capital Digital Banking Fintech 193

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

SEPTEMBER 17, 2020

We will introduce data innovation that embeds risk and control elements expected from SWIFT, creating peace of mind for business-critical operations. Last month, AscendantFX Capital, a Toronto-based cross-border payments provider, joined the SWIFT network.

Innovation 348

Innovation Payments Data Compliance 348

PYMNTS

JANUARY 7, 2021

Digitally native mattress and home goods brand platform Resident landed a $130 million investment headed up by Nexus Capital Management and Ion Crossover Partners with participation from Baron Capital Group in Q4 of 2020, according to a Thursday (Jan. 7) announcement.

Capital 217

Capital Strategy Branding Operations 217

South State Correspondent

MARCH 3, 2025

Banks were now allowed to operate across state lines, increasing competition. As seen below, many banks and thrifts failed to manage their asset-liability and credit positions and chronically produced under their cost of capital. corporation had one or more foreign banks in their bank group. By 1985, this number jumped to 51%.

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FDIC Trends Management ATM 195

PYMNTS

SEPTEMBER 17, 2020

We intend to search for targets that operate in consumer-facing industries in the U.S. Elsewhere in the filing, the sectors in which Virgin Group operates are listed as travel and leisure, financial services, health and wellness, technology and internet-enabled, music and entertainment, media and mobile, space, and renewable energy.

Capital 140

Capital Resources Operations Groups 140

PYMNTS

NOVEMBER 12, 2020

The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as to whether it will actually sell the unit, which specializes in store-branded credit cards, according to a Bloomberg report. Selling the private-label credit card unit would be a business reversal for the financial services group.

Cards 285

Cards Conference Groups Report 285

PYMNTS

NOVEMBER 30, 2020

Velo Labs has unveiled a joint effort with Visa and Lightnet Group to build out payment offerings together in Asia, according to an announcement. Velo Labs, Visa and Lightnet Group will work together on payment offerings targeted at serving the micro, small and medium enterprise (MSME) lending market in Asia, the announcement stated.

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Lending Groups Capital Security 197

PYMNTS

OCTOBER 16, 2020

16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart. . TCS Group Holding is the parent company of the Russian lender Tinkoff Bank. “We Lavka stocks roughly 2,000 items and operates as a digital market for convenience items. Russian search giant Yandex said in a statement on Friday (Oct.

Groups 141

Groups Google Capital Fintech 141

PYMNTS

JANUARY 28, 2021

Neiman Marcus Group (NMG) is making investments in its supply chain, technology, merchandising and personnel, which it says will transform the shopper experience at Bergdorf Goodman and Neiman Marcus, according to an announcement. NMG is investing $85 million gross in its supply chain, particularly systems and fulfillment hubs.

Groups 141

Groups Branding System Retail 141

PYMNTS

NOVEMBER 1, 2020

Executives at MCI Capital , the biggest publicly traded private equity firm in Poland, are optimistic that a recent record-breaking initial public offering (IPO) in the eCommerce space bodes well for the industry, Bloomberg reported. Online retailer Allegro.eu Eyeing the success of that transaction for the owners who took Allegro.eu

ATM 243

ATM Leadership Capital Online 243

PYMNTS

JANUARY 22, 2021

Chinese eSports provider VSPN has raised $60 million in a Series B+ funding round to help it expand its operations overseas. Investors in the latest financing included Prospect Avenue Capital, Guiotai Junan International, and Nan Fung Group. Lighthouse Capital served as the exclusive financial adviser.

Nevada 180

Nevada Capital New York Groups 180

PYMNTS

DECEMBER 14, 2020

has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. has entered into a definitive arrangement to sell Cost Plus World Market to Kingswood Capital Management. Bed Bath & Beyond Inc.

Branding 131

Branding Groups Retail New York 131

PYMNTS

NOVEMBER 16, 2020

Germany's Razor Group , which works to acquire and scale Amazon brands, has raised 25 million euros (about $26.7 Just 12 weeks ago, Razor Group, also raised 5 million euros (about $5.9 million) from debt financing through Claret Capital. million) from debt financing through Claret Capital. million) in initial financing.

Groups 235

Groups Report Marketing Capital 235

PYMNTS

MAY 26, 2020

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report.

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Groups California Colorado Illinois 205

PYMNTS

NOVEMBER 25, 2020

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. We’re operating at this intersection of finance and technology, which are both industries that are woefully underrepresented by women in the first place,” Alaina Sparks , a managing director and the U.S.

Fintech 288

Fintech New York Innovation Industry 288

PYMNTS

NOVEMBER 23, 2020

A working group within the central bank is also mulling over whether to allow industrial conglomerates to set up banking units, according to Reuters. 20), the working group recommended regulatory changes that would allow industrial groups to hold larger stakes in lenders, marking a significant policy shift for the central bank.

Groups 244

Groups Regulation Industry Lending 244

PYMNTS

OCTOBER 12, 2018

However, it was a B2B software procurement platform that raised the most money — $55 million — in this week’s B2B venture capital roundup. Energy Innovation Capital and Chevron Technology Ventures led the funding, while R/GA Ventures and Macquarie Capital also came on board as new investors.

Software 190

Software Capital Security Virginia 190

PYMNTS

APRIL 27, 2020

Amid the retailer’s reported impending bankruptcy, an investor group is intending to provide an alternative to a $600 million financing arrangement for Neiman Marcus Group and pressure it toward a sale. The investor group includes Third Point LLC and Mudrick Capital Management LP, Reuters reported.

Retail 183

Retail Groups Operations Report 183

PYMNTS

JANUARY 8, 2021

Yesler operates a B2B eCommerce platform for the lumber and building materials industry, and investors at Tech Square Ventures have just led a $3.3 India's BharatPe, which operates a B2B payments platform, is currently in the process of building credit solutions for its business users that will include short-term capital loans.

Fintech 203

Fintech Capital Lending Operations 203

PYMNTS

OCTOBER 2, 2020

Asda Group Ltd , the British supermarket retailer; TDR Capital , the London-based private equity firm; and EG Group , a global convenience retailer announced on Friday (Oct. Asda has been resilient during the COVID-19 pandemic, nearly doubling its online operations in a matter of months, the company said.

Retail 187

Retail Groups Capital Regulation 187

PYMNTS

JUNE 29, 2020

But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. trillion worth of working capital could be optimized through supplier payment practices , according to recent analysis by The Hackett Group of the top 1,000 non-financial U.S. ” $1.3

Payments 256

Payments Analysis Capital Strategy 256

PYMNTS

JULY 6, 2020

Jakarta-based Payfazz operates through agents — the company’s network consisted of more than a quarter million — who process payments to pay utility bills, buy telephone time and add to mobile wallets, Tech in Asia reported. residents in the same age group have bank accounts. About 93 percent of U.S.

Capital 211

Capital Groups Report Mobile 211

PYMNTS

JANUARY 20, 2021

and China-based Ant Group. Mynt is the operator of the mobile wallet GCash. Mynt's funding round this month was led by Bow Wave Capital Management, a new investor. After the Bow Wave deal, the shareholdings of Globe Telecom and Ant, an affiliate company of Jack Ma's Alibaba Group , went down to 40 percent.

Fintech 220

Fintech New York Groups Capital 220

PYMNTS

NOVEMBER 26, 2019

Banks have to regularly report financial data to make sure they’re operating within the law, and to make sure they have buffers against market shifts in terms of risk and capital. The bank added that the returns did not provide a reliable picture of how much capital Citigroup had, or the amount of liquidity as well.

Report 191

Report Capital Regulation Meeting 191

PYMNTS

SEPTEMBER 25, 2020

He said to do so they must take the long-term view while being mindful of the intersection of finance, operations and the customer experience while finding new methods to measure and address pain points. CFOs get typecast more than other executives as being just debit- and credit-oriented,” Rainey told PYMNTS.

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San Jose Baltimore Nebraska Community 261

PYMNTS

AUGUST 20, 2020

Faster Payments Council Announces Board Advisory Group. Among the FPC Board Advisory Group’s members are Michael Sklow of Goldman Sachs, Judy Nguyen of American Express, Bridget Hall with ACI Worldwide and Connie Theien of the Federal Reserve. This week, the U.S. ” AscendantFX Eyes Payment Tracking With gpi. .

Groups 252

Groups Payments Survey Data 252

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

AUGUST 5, 2020

Vijay Oddiraju , co-founder and CEO of Volante, said the company’s goal was to “help financial institutions by providing modern solutions to simplify the complexity of their operations and accelerate business outcomes, from capital markets to custody to transaction banking.”

Groups 215

Groups Technology Operations Payments 215