Bank Innovation

MAY 4, 2017

The lending business appears to be treating Square well. The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital, processed more than 400,000 business loans for the quarter, for a total of $251 million. This is up 64% from last year.

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Capital Company Lending Payments 239

Bank Innovation

AUGUST 15, 2018

Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016. Over the […].

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Lending National Marketing social media 282

Bank Innovation

DECEMBER 29, 2019

Rick Winslow, chief experience officer at small business lending company Kabbage, will join Bank Innovation Ignite this March 2-3 in Seattle as panelist for a session entitled “The future of banking customer experience.” The discussion will dive into new products and services that can help improve customers’ digital journeys.

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Bank Innovation

SEPTEMBER 7, 2017

EXCLUSIVE—Cloud infrastructure and data analytics are becoming more and more integral to financial services, and Capital One is one bank ahead of the curve. “We We are a very data-driven company, we want to bring the bank to the customer,” Linda Apsley, vice president of data engineering at Capital One, said of the bank’s use of […].

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Capital Innovation Analytics Data 207

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Lending St. Louis Community Marketing 243

Bank Innovation

AUGUST 3, 2017

Square is competing with friends and family, not financial institutions, to grow its lending arm, Square Capital. The payments processing startup grew loans at Square Capital by 68% year-over-year this quarter, according to CEO Jack Dorsey on the company’s earnings call yesterday.

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Capital Lending Payments Cards 207

Bank Innovation

FEBRUARY 19, 2019

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI

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Bank Innovation

MARCH 23, 2020

are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency U.S. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., government funding.

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US Fintech Lending Capital 259

Bank Innovation

MAY 23, 2019

Small business lender BFS Capital has hired industry veteran Fred Kauber as chief technology officer and chief product officer. Kauber will be leading a revamp of the company's core lending technology stack, its risk engine, CRM and web experience for an expected rollout later this year.

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Capital Lending Innovation Industry 170

PYMNTS

DECEMBER 11, 2020

According to Kris Puskar , senior vice president and business banking sales and innovation director at Eastern Bank , the current climate has forced both small businesses and their banks to shift their mindsets away from historical data and take a closer look at what's happening today in order to best prepare for tomorrow.

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Lending Capital Resources Taxes 233

Perficient

MAY 26, 2021

In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses. Hans Zandhuis, Head of Ally Lending, Ally. The presentation will occur on June 10 at 4:00 p.m.

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Fintech North Carolina Charlotte Conference 462

Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? Each year, we poll the industry to find out.

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Innovation blockchain Fintech Industry 257

Bank Innovation

NOVEMBER 15, 2017

EXCLUSIVE- Bank Innovation has released the agenda for its seventh annual fintech conference, and it is completely overhauled to enhance the event experience for attendees.

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Conference Innovation Fintech How To 225

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Lending St. Louis Community Marketing 195

Bank Innovation

OCTOBER 30, 2019

Small business lending marketplace Become announced Tuesday that it raised $10 million in Series A capital to grow its platform. Benson Oak Ventures and Magenta Venture led the round, while RIO Ventures Holdings, iAngels and Entrée Capital participated. Viola Credit provided an extra $2.5 million in debt.

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Lending Capital Customer Experience 186

South State Correspondent

FEBRUARY 20, 2023

Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. Scale, security, and innovation are all linked to better information technology design and implementation.

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National Lending How To Community Bank 195

Bank Innovation

JUNE 26, 2019

Banks have focused much of their innovation efforts on retail in recent years, with corporate banking services taking a backseat. Capital One announced on Friday that it was acquiring BlueTarp, a business-to-business credit company. Capital One […].

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Capital Innovation Retail Company 170

PYMNTS

DECEMBER 21, 2020

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. That was followed on Dec.

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Capital Payments Software Fintech 199

Bank Innovation

JUNE 8, 2018

What is the state of banking innovation today? This year, the pressure for banks to innovate is high, as banks no longer […]. Each year, we poll the industry to find out.

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Innovation Bitcoin Fintech Industry 220

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. Optimizing Business Lending.

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Innovation Data Fintech Lending 208

Bank Innovation

APRIL 13, 2018

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Plans for the […].

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Lending Marketing Data New York 223

Bank Innovation

AUGUST 13, 2018

David Brydun, vice president of consumer lending, exclusively told Bank Innovation that the financial institution has partnered with Checkbook.io A lot of what goes on in digital lending is […]. Baxter Credit Union, based in N.J., has found a new solution to an old, and costly problem.

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Lending blockchain Innovation Operations 256

Bank Innovation

MAY 31, 2017

I recently sat down with the marketing team at Anthemis to talk about the changes happening in SME banking and the opportunity for innovation. But new businesses are often multi-jurisdictional from day one, multi-platform and technically sophisticated in everything from equity capital to treasury to accounting and payroll software.

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Capital Lending Data Operations 316

Bank Innovation

FEBRUARY 4, 2020

Through the WorldPay Working Capital Solution, Liberis and Worldpay are able to reach small businesses that may find it difficult to get credit from […]. -based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S.,

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Capital US Fintech Company 243

Bank Innovation

JUNE 23, 2016

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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Innovation Company social media Operations 284

Bank Innovation

MAY 9, 2017

Artificial intelligence and machine learning have found their way into lending. In fact, more than 25% of Upstarts current loans are fully automated, Bank Innovation has learned. “We But can we trust robots with loan origination quite yet? Upstart — a five-year-old online lender — bets you can (and you must).

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Lending Online Innovation Capital 284

PYMNTS

JULY 7, 2020

It also opened the door for a boom of FinTech innovation and a flood of alternative lenders targeting the small- to medium-sized business (SMB) segment. “It comes in waves, there’s no doubt about it,” he said about the alt-lending boom. ” A Banking Pullback? The More Things Change.

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Lending Industry Fintech UX 171

Bank Innovation

NOVEMBER 25, 2019

Roady, who has been on MoneyLion’s board of directors since 2016, was previously a founding partner at GAIN Capital and president of its global retail brokerage business. She told Bank Innovation that her […].

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Innovation Capital Retail Operations 293

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.

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blockchain Fintech Capital Innovation 278

Bank Innovation

JULY 19, 2018

Digital lending is becoming an important business even for smaller community banks. Larger banks, which have the resources to build their own technology or buy a fintech provider (KeyBank acquired Bolstr; JPMorgan Chase acquired WePay).

Lending 186

Lending Community Bank Resources Community 186

Bank Innovation

MARCH 30, 2018

Melbourne-based challenger bank Judo Capital will be focusing its efforts on small business banking in Australia, according to banking plans unveiled by the challenger yesterday.

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Capital National Regulation Online 199

Chris Skinner

JULY 21, 2017

Really easy to work with, the company is the chosen system for many other innovative companies including Kickstarter and Apple Pay, and valued at almost $10 billion by the end of 2016. These companies include firms like Stripe, a six-year-old start-up that is the preferred code for building online checkout services.

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Fintech System Technology Apple 361

PYMNTS

OCTOBER 22, 2018

Tala, the consumer lending app in emerging markets, announced Monday (Oct. Tala empowers these people through innovative mobile solutions to improve their overall financial health, and we are proud to help them achieve this goal.”. 22) a strategic investment from PayPal.

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South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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Bank Innovation

MAY 15, 2019

It is this revolution that has led us to present Bank Innovation Build, our newest conference, on Nov. There is a revolution going on inside banking. And that’s not just a cheap cliche. Allow me to explain: A few days ago, Dana Maor, a senior partner at McKinsey, wrote that the consultancy believes “that […].

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Innovation Conference US social media 170

Abrigo

FEBRUARY 13, 2020

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. However, to stay competitive in today’s fast-paced banking industry, CFIs must be willing to innovate processes to adapt.

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Bank Innovation

MARCH 8, 2017

Fintech venture capitals cooled on lending startups in 2016, and turned their attention to two new budding areas — insurtech and regtech, which even made it into the budget speech of UK chancellor George Osborne last year.

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