Remove Capital Remove Report Remove Technology
article thumbnail

Capital One Reports Drop In Domestic Card Average Loans Amid Pandemic

PYMNTS

Capital One reported on Thursday (Oct. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 billion, the bank reported in its supplemental earnings materials. Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64 Capital One Financial Corp.

Capital 175
article thumbnail

Judo Capital Taps VERMEG For Reporting Compliance

PYMNTS

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

Capital 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

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). Mailprotector.

Capital 202
article thumbnail

Capital One leans into tech transformation

BankInovation

Capital One continued to modernize its technology infrastructure in the second quarter. Our investments to build and leverage a modern technology infrastructure are expanding our opportunities and driving value creation over the long-term,” Chief Executive Richard Fairbank said in today’s earnings release.

Capital 96
article thumbnail

FDIC Looks To Modernize Bank Reporting

PYMNTS

(FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. To do so, the FDIC is going about a new competition among 20 data and technology firms to try and find the best way to move forward, WSJ reported. Recently, the FDIC also eased up the Volcker Rule.

FDIC 221
article thumbnail

FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. Linear Capital served as the head investor, while additional help originated from KZM & Company Group. “The

article thumbnail

Starship Technologies Rolls Out Robotic Food Delivery In Arizona

PYMNTS

Amid increasing demand for contactless delivery, Starship Technologies has rolled out a robot food delivery offering in Tempe, Arizona. The firm has been increasing its commercial services, with a plan to expand to 100 colleges by late summer of next year, per reports.

Arizona 267