PYMNTS

JANUARY 15, 2021

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.

Capital 268

Capital New Jersey Groups New York 268

PYMNTS

AUGUST 6, 2019

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . However, the company hasn’t been immune from the same market conditions that sent Sears and Kmart into bankruptcy.

New York 108

New York Branding Las Vegas Seattle 108

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. According to a Wednesday (Nov.

New York 100

New York National FDIC Lending 100

PYMNTS

SEPTEMBER 12, 2018

To highlight its ability to grow into new markets and categories, New York & Co. Today, over 30 percent of our sales are generated digitally, we have optimized our retail footprint and have the talent and infrastructure to capitalize on our strengths.”. Along with the name change, New York & Co.

New York 100

New York Branding Study Massachusetts 100

Bank Innovation

APRIL 7, 2016

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

New York 150

New York Fintech social media Operations 150

PYMNTS

JUNE 18, 2018

Square , the payments company founded by Jack Dorsey, has received a license to enable residents in New York state to buy and sell bitcoin via its Cash App. In a press release , the New York State Department of Financial Services Superintendent Maria T.

New York 127

New York Bitcoin Policies Fraud 127

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS).

Capital 202

Capital Fintech New York City Security 202

American Banker

FEBRUARY 1, 2024

per-share bid from Dream Chasers Capital. The embattled bank said it reviewed and then turned down a $3.25-per-share Carver called the offer "unrealistically low" given the bank's "intrinsic value."

New York 81

New York Capital Community Bank Community 81

PYMNTS

AUGUST 6, 2020

Monzo Bank Ltd, the London-based online bank, must now have a capital worth of 13.6 The Financial Times (FT) reported the new requirements are among the first signs the Bank of England ( BoE ), the United Kingdom’s (U.K.) million) to avoid violating the BoE’s revised regulatory capital requirements. the newspaper reported.

Capital 196

Capital Regulation New York Digital Banking 196

American Banker

FEBRUARY 1, 2024

A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.

New York 81

New York Strategy Community Regional 81

PYMNTS

MARCH 17, 2017

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. trillion (2012). percent (2015).

New York City 100

New York City New York Community Industry 100

PYMNTS

SEPTEMBER 15, 2020

Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. Social Capital Hedosophia, the fourth in as many as 26 deals of this type, comes as Palihapitiya said on a recent podcast that he's reserved tickers from "IPOA" to "IPOZ" on the New York Stock Exchange, Bloomberg reports.

Capital 150

Capital New York Trends Company 150

PYMNTS

AUGUST 9, 2018

Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to the report, the bank formerly went by the name New York Ventures Bank and is in the process of getting a banking license. this summer.

New York 100

New York California United States Fintech 100

PYMNTS

MARCH 9, 2020

In an unusual move for a venture capital firm, Sequoia Capital has parted ways with a company over a conflict of interest, and in doing so, has given up $21 million, according to a report. The venture capital firm is one of Stripe’s biggest investors. Finix has now raised $65 million in capital altogether.

Capital 141

Capital New York Software Report 141

Bank Innovation

JANUARY 9, 2017

Top seed investors in the New York startup community showed their muscle in the final quarter of 2016 and are likely to continue doing so in the coming year, says a new report from Primary Venture Partners. Among the winners in an otherwise difficult year for startups were fintech companies like Read More.

New York 150

New York Community Fintech Report 150

CFPB Monitor

JANUARY 24, 2020

On December 18, 2019, the New York Department of Financial Services (DFS) issued its Final Regulations detailing the business conduct rules for mortgage loan servicers. These regulations will require implementation of additional New York-specific communications and servicing procedures. Periodic Statements (§ 419.4).

New York 78

New York Regulation Payments Compliance 78

American Banker

NOVEMBER 12, 2024

The New York bank's planned $125 million public offering comes less than a week after Valley National raised more than $400 million with a similar transaction.

Capital 36

Capital New York Marketing National 36

PYMNTS

JUNE 15, 2020

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

American Banker

NOVEMBER 18, 2024

The Securities and Exchange Commission accused a former supervisor with the Federal Reserve Bank of Richmond of trading New York Community Bank and Capital One stock based on material nonpublic information.

New York 69

New York Community Bank Community Capital 69

PYMNTS

JULY 31, 2019

One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On On July 30, UniCredit became aware that its name has been mentioned in relation to the Capital One issue,” the bank said in a statement on Wednesday (July 31). Reuters reported.

Capital 115

Capital Data Seattle Connecticut 115

PYMNTS

OCTOBER 2, 2019

In separate news, Postmates has raised $225 million at a $2.4 The investment, which was led by GPI Capital, brings the firm’s total funding amount to almost $1 billion to date. billion valuation as it prepares to go public, per reports in September.

New York 115

New York Meeting Capital Report 115

Abrigo

AUGUST 30, 2024

Prepare now for potential changes to FHLBs Capital rules and membership criteria are among the areas where banks could see changes in how the Federal Home Loan Bank system operates. Takeaway 2 Reform moves are stemming from actions of the FHFA against the San Francisco and New York FHLBs.

San Francisco 195

San Francisco Risk Management New York Capital 195

PYMNTS

OCTOBER 30, 2019

New York-based FinTech startup Capital , an alternative financing company for startups, launched on Wednesday (Oct. 30) with a $100 million fund to invest in middle-stage companies, Capital announced in a press release. Capital provides its investment findings to companies along with financing terms.

Capital 100

Capital Fintech Analytics New York 100

PYMNTS

AUGUST 21, 2020

Reuters reported the New York-based multinational investment bank and financial services corporation filed its third suit in the U.S Southern District of New York Court to recoup $900 million it mistakenly sent to lenders of Revlon Inc. Citigroup Inc. returned to court Friday (Aug. On Tuesday (Aug. On Monday (Aug.

New York 263

New York San Francisco Capital Analysis 263

American Banker

JULY 19, 2023

The Buffalo, New York, bank said that share repurchases are off the table, even though the amount of incremental capital it's required to hold has declined from last year. Executives pointed to forthcoming revisions to risk-based capital rules, which are expected to hit midsize banks like M&T.

Capital 53

Capital New York Risk Management Compliance 53

Perficient

OCTOBER 29, 2024

For example, New York Life highlighted how personalization is driving generational loyalty. By automating the mundane process activities, mindshare and human capital can be invested toward more value-added activity and critical problems to improve customer experience.

Industry 473

Industry Customer Experience Strategy New York 473

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

New York 67

New York National Capital Risk Management 67

CB Insights

NOVEMBER 19, 2020

As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.

blockchain 101

blockchain Capital Marketing San Francisco 101

PYMNTS

DECEMBER 1, 2017

A federal appeals court has revived a proposed class-action lawsuit accusing Capital One Financial Corp. According to news from Reuters , the 2nd U.S. It also revived a claim under a New York state consumer protection law. Capital One did not respond to a request for comment.

Capital 116

Capital New York City New York Policies 116

BankInovation

MAY 6, 2024

Small businesses demand efficient access to capital and Grasshopper Bank is meeting the needs of its small business clients through its latest digital lending solutions.

Lending 121

Lending Strategy New York Meeting 121

PYMNTS

DECEMBER 28, 2020

The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. We see institutional capital come into the crypto space with the expectation of banking integrations to complement crypto credit offerings,” CEO Darshan Bathija said in a statement, according to CoinDesk. “We In other news, the U.S.

Capital 175

Capital Security cryptocurrency Fraud 175

American Banker

AUGUST 13, 2024

The beleaguered Long Island bank saw its stock price rally after investors exchanged their preferred shares for common stock.

New York 36

New York Community Industry Capital 36

Bank Innovation

JUNE 20, 2019

Founded in 2010, London- and New York-based venture firm Anthemis Group focuses on early-stage and Series A fintech investments. Its total deployed and deployable capital amounts to […].

Fintech 253

Fintech New York Capital Groups 253

American Banker

MAY 25, 2023

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New York City 78

New York City New York Capital Policies 78

Bank Innovation

MARCH 20, 2018

’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s The.Read More.

New York City 264

New York City New York Capital Groups 264

CB Insights

MAY 20, 2021

DailyPay , an on-demand pay service, has raised $175M in a Series D with participation from Carrick Capital and RPM Ventures, among others. New York-based DailyPay is a on-demand pay platform that allows employees to get instant access to their wages and is compatible with HR payroll systems. How’s the company performing?

Capital 77

Capital New York US System 77

PYMNTS

JANUARY 29, 2021

If coronavirus cases stay at a stable level, New York Governor Andrew Cuomo said eateries in the Big Apple will be able to open again for indoor dining starting on Valentine’s Day at restricted volume, CNBC reported. The holiday surge from New Year's and Christmas seems to be over, reaching a high on Jan. 28 from a 7.1

New York City 194

New York City New York Washington Apple 194