Scotiabank taps Nicole Frew as US capital markets co-head
American Banker
OCTOBER 1, 2024
Bank of Nova Scotia shuffled the leadership of its capital-markets business as it looks to increase its presence in the United States.
Capital Marketing United States 
New Unicorn Revolut Will Use Capital For International Expansion
Bank Innovation
APRIL 26, 2018
billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong. -based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. The company, which is now worth $1.7
Capital 
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Israel’s Red Dot Capital Likes Southeast Asia’s COVID Comeback Story
PYMNTS
NOVEMBER 20, 2020
Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia. But Stern said the strategy shift isn’t just based on the need to fuel growth.
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Capital One Offers Free Business Credit Reports
PYMNTS
FEBRUARY 18, 2019
Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. businesses to check their credit profiles.
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Market Commentary: Week of June 29, 2020
SWBC's LenderHub
JUNE 29, 2020
The equity and corporate bond markets have banked heavily on the V-shaped recovery and what we are seeing is, the United States is not ready to materially reopen the economy without significant public health damage.
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Central clearing and the functioning of government bond markets
BankUnderground
SEPTEMBER 14, 2023
Yuliya Baranova, Eleanor Holbrook, David MacDonald, William Rawstorne, Nicholas Vause and Georgia Waddington The functioning of major government bond and related repo markets has deteriorated on several occasions in recent years as trading demand has overwhelmed dealers’ intermediation capacity.
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Promethium Subsidiary Receives First FINRA-Approved Digital Asset Custodianship
Perficient
MAY 25, 2023
Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. Secondly, as a qualified custodian, which is what the SPBD classification offers, subjects Promethium to provisions of the landmark United States Exchange Act of 1934.
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Coronavirus: Economist Says Housing Market ‘Shutdown’ Likely; Zillow Suspends Home Buying With Zillow Offers
PYMNTS
MARCH 23, 2020
One market expert says that the COVID-19 outbreak will probably bring the housing market to a stop. Many individuals in the United States are also worried about what the economy will signify for their jobs or finances. Kapfidze recommends that in the interim that the government extend lenders lines of credit.
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2022 Dodd-Frank Stress Test Scenarios Released
Perficient
MARCH 3, 2022
The Office of the Comptroller of the Currency (OCC) recently released the economic and financial market scenarios that will be used in the upcoming stress tests for covered institutions. Equity market volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), declines in 2022 by about 6.5 Baseline Scenario.
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The resilience of small businesses: Insights for lenders
Abrigo
NOVEMBER 13, 2024
Businesses' working capital cycles are longer. Abrigo’s proprietary analysis comes from the largest real-time database of private-company financial statement information in the United States. Companies need more working capital, but they’re still paying their suppliers as they should. Leveraged has improved since 2019.
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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley
PYMNTS
SEPTEMBER 7, 2020
Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis.
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NXTsoft’s Connectivity as a Service positions Financial Institutions to Capitalize on Unbundling
Bobsguide
APRIL 7, 2022
As core providers separate out once amalgamated software, banks and credit unions have more flexibility than ever before to design the specific digital presence that will best serve the needs of their market. As the saying goes, “if you build it, they will come.” For more information visit www.nxtsoft.com , email?info@nxtsoft.com?or
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Mambu’s Valuation Hits $2 Billion After TCV-Led Investment Round
PYMNTS
JANUARY 7, 2021
Current investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners also took part. The Berlin-based firm said it plans to use the money to speed up its expansion and “deepen its footprint” in the 50 countries where it currently operates, with a special focus on the United States, Japan and Brazil.
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GoExpedi Closes $25M Funding Round Led By Top Tier
PYMNTS
NOVEMBER 24, 2019
GoExpedi , an eCommerce, supply chain and analytics startup, has raised $25 million in Series B funding led by Top Tier Capital Partners. CSL Ventures, Crosslink Capital, Bowery Capital, Blue Bear Capital and other current investors also participated in the round. managing director at Top Tier Capital Partners. “In
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FinTech N26 Mulls New Funding Round
PYMNTS
OCTOBER 12, 2020
N26 already has raised nearly $800 million in venture capital, Bloomberg reported, including a $100 million round in May 2020. Venture capital investment in Europe’s FinTech industry has surpassed $35.4 N26 launched in the United States in August 2019 and on its first anniversary announced it had 500,000 customers in the country.
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Markets Swoon And Risk Looms For Firms’ Cross-Border Commerce
PYMNTS
OCTOBER 18, 2018
Whiplash: The stock market — or markets, be it Dow Jones Industrial Average, Standard & Poor’s 500 Index or tech-heavy Nasdaq — is in freefall one day, skyrocketing the next. The question remains: How confident are investors, and what might be the ripple effects of the stock market gyrations?
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In B2B, FinTech And Banks Eye (And Serve) SMB Capital Needs
PYMNTS
MAY 10, 2018
Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels.
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That Inexplicable In-N-Out Burger, And Marketing Stunt #Fails
PYMNTS
JULY 27, 2019
A host of potential resolutions to the mystery flooded across the web – the most popular being that this was some kind of marketing stunt by In-N-Out, possible portending a New York opening. The problem with marketing stunts is that they rarely thread that needle. A Story of Unqualified Success With a Marketing Stunt.
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Fintech Is Back
Bank Innovation
MARCH 7, 2018
But the fintech market has rebounded. In 2017, in the United States, overall VC funding -- a barometer of startup activity and appeal.Read More. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck.
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Food Delivery Companies Mull Mergers, Public Listings
PYMNTS
FEBRUARY 18, 2020
Food delivery has always been a costly endeavor and has recently become more difficult in the United States. Food delivery has quickly grown in the United States over the past five years due to an influx of venture capital. restaurant market, per Morgan Stanley. 1 food delivery service in the country.
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Investors Back B2B Startups With An Eye On SMB Finance
PYMNTS
JUNE 26, 2020
Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Current investors from A91 Partners, MAJ Inevst, LGT Lightstone and Falcon Edge Capital also participated.
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China’s Fenbeitong Raises $36M In Series B+
PYMNTS
MARCH 10, 2020
Chinese business expense management startup Fenbeitong closed a $36 million Series B+ funding round led by Eight Roads, Ribbit Capital and Glade Brook Capital, according to reports on Tuesday (March 10). . million in a Series B round in July led by Bojiang Capital. The same market trend is happening in China.
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Voxel, Juniper Partner To Digitize B2B Payments For Travel Sector
PYMNTS
APRIL 29, 2020
Huaxing New Economic Fund, a subsidiary of Huaxing Capital, led the Series C+ round. The firm reportedly has millions of active users in different firms, and the investment money will be used to expand into new markets like the United States.
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Corporate Travel Startup Huilianyi Raises $42M Amid Industry Turmoil
PYMNTS
MARCH 31, 2020
Huaxing Capital subsidiary Huaxing New Economic Fund headed up the Series C+ round. A Huaxing Capital official called the company “an absolute leader in the industry,” per a translated statement. The investment money will be used to grow into new markets, such as the United States. In July, the company notched $12.36
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INV Fintech Partners with Shanghai-based Venture Fund JadeValue
Bank Innovation
JUNE 27, 2017
INV Fintech, this site’s sister accelerator, announced a partnership today with Shanghai-based JadeValue, an incubator and investment fund, to enhance financial technology startups in both the United States and China. INV, […].
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Market Commentary: Week of October 5, 2020
SWBC's LenderHub
OCTOBER 5, 2020
We understand that the stock market is not the economy, but this is getting ridiculous!
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Russian eCommerce Marketplace Ozon Eyes Nasdaq IPO
PYMNTS
NOVEMBER 3, 2020
The eCommerce marketplace Ozon , considered to be Russia’s answer to Amazon, has filed for an initial public offering (IPO) in the United States. It added that the Russian eCommerce market has grown by 41 percent during the same period. markets since Headhunter in 2019. In an SEC filing made on Monday (Nov.
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OCC Finalizes Long-Held Rule On Banking Equality
PYMNTS
JANUARY 15, 2021
With the rule, a decade of OCC guidance saying that the banks should work with risk assessment of individual customers is codified, rather than the alternative of making assumptions affecting whole categories of customers while working with services, capital or credit, the release stated.
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China Commerce Minister: Market Access For Foreign Investors To Widen
PYMNTS
JULY 2, 2018
Amid the back-and-forth of a global trade war, illustrated perhaps most keenly between China and the United States, China will seek to boost market access, which the country’s Commerce Minister Zhong Shan said Monday via published comments. The minister’s remarks were carried in the state-run People’s Daily.
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Non-farm Payrolls Rose By 312,000 In December
PYMNTS
JANUARY 4, 2019
Even amid declines in the financial markets, employers in the United States brought more jobs into the economy in December at the quickest cadence in months. 4) that over the course of December, non-farm payrolls in the United States rose by 312,000 per seasonally adjusted numbers. RBC Capital Markets Chief U.S.
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Firms Gravitate To Remote IPOs For Cost And Time Savings
PYMNTS
JULY 2, 2020
Weeks-long roadshows are compressed into a few hours on Zoom, while listing ceremonies and — in the case at least of the Shanghai Stock Exchange, the ringing of the stock market bell as well — are being done virtually. The results so far have been encouraging, with investors in some cases showing a heightened interest in virtual IPOs.
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1Q 2024 Commercial Relationship Credit and Pricing Trends
South State Correspondent
FEBRUARY 29, 2024
Higher capitalization rates driven by higher expected future rates (fewer rates are priced in the forward curve) dropped the future value of properties across the United States and hurt expected loss given default (LGD) by 1.5% On a net basis, the probability of default increased 6 basis points (bps) to 0.51%.
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195 Off The Continent And Into Puerto Rico For Online SMB Lending
PYMNTS
MAY 2, 2017
For small businesses, expansion is key, and expansion needs capital. The company has said that it is the first bank in Puerto Rico to offer digital services, ranging from business credit cards to working capital loans to SBA loans.
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Brookfield Asset Management Raises A Record $23B
PYMNTS
AUGUST 14, 2020
The Canadian firm said it has a total of $77 billion in securities, cash and other available capital available when including uncalled capital commitments from clients, Bloomberg reported. However, the turmoil in the market impacted the company’s earnings in the quarter.
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Circle Snaps Up $60M To Take On Chinese Market
PYMNTS
JUNE 23, 2016
IDG, Breyer Capital and General Catalyst Partners were also participants. Circle has been online since late 2015 in the United States, carried into the market by a $50 million funding round care of Goldman Sachs, IDG Capital, General Catalyst and Accel Partners, among others.
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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer
PYMNTS
MAY 27, 2020
Newkirk has held multiple leadership roles at Capital One since 2008, most recently as president of Small Business, International & Walmart Partnership. The executive headed up a diverse tram of associates throughout six businesses, and he served on the Capital One Executive Committee as of 2016. and New York. and New York.
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EU Countries Push For Tech Funding To Compete With US And China
PYMNTS
MAY 28, 2018
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. According to Reuters , Europe has lagged behind the United States in developing new technologies. billion euros ($1.75
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How the 2022 Stress Test Scenarios Can Help Small Banks & Credit Unions
Abrigo
MARCH 17, 2022
Takeaway 2 The severely adverse scenario from regulators presents a very severe global recession combined with severe stress in the CRE market and the corporate debt market. Banks and credit unions must be able to adjust when necessary to ensure viability of the institution and the ability to supply capital to their local economy.
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DoorDash IPO Tops $32 Billion Valuation On Share Price Topping Expectations
PYMNTS
DECEMBER 9, 2020
The new valuation makes the Silicon Valley startup the biggest individual public food delivery firm in the United States. Following the IPO, SoftBank’s Vision Fund and Sequoia Capital will own more than 40 percent of DoorDash class A common stock. Earlier in 2020, DoorDash had a private valuation topping $15 billion, up from $1.4
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B2B Innovators Land Funding For AP, Cybersecurity
PYMNTS
OCTOBER 16, 2020
Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week. million (about $14.86
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Payment Platform Marqeta Raises $250M In Series E Round
PYMNTS
MARCH 21, 2019
These types of banks now account for 14 percent of bank market revenue in Europe, which amounts to $238 billion. The company is continuously boosting its growth both in the United States and Internationally. Marqeta’s last funding round was led by ICONIQ Capital , with participation from Goldman Sachs and existing investors.
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India-Japan Currency Swap Designed To Stabilize Rupee
PYMNTS
OCTOBER 29, 2018
The move comes as interest rates increase in the United States, which, as Bloomberg noted, “has led to the strengthening of the greenback against other currencies, and flight of capital from emerging economies.” “The deal will help the two countries to swap their currencies for U.S.
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ACI To Purchase Western Union’s Speedpay Business
PYMNTS
FEBRUARY 28, 2019
ACI Worldwide has announced a deal with The Western Union Company that will see ACI acquire Speedpay, Western Union’s United States bill pay business, for $750 million in an all-cash transaction. bill pay market accounted for 15 billion transactions in 2018 — and the vertical continues to grow at steady mid-single-digit rates annually.
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The RealReal Notches $300M In IPO
PYMNTS
JUNE 28, 2019
The company priced its shares above a target range, having sold 15 million shares for $20 apiece following their marketing at $17 to $19, Bloomberg reported. The RealReal reportedly has yet to generate a profit, even though Bloomberg noted “the market is intrigued by its growth.” per the filing. IBISWorld Pty Ltd.
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