Gonzobanker

SEPTEMBER 21, 2023

Fiserv partnered with Central Payments LLC , a BAAS provider for fintech, and sold its Frontier Reconciliation and Accurate Reconciliation solutions to Trintech. Numerated , a business lending origination platform, partnered with Finastra for a LaserPro integration. Credit union lending platform Clutch partnered with Zest.ai

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

MARCH 12, 2019

Nature abhors a vacuum, as the saying goes, and we might say the same for corporate lending. There’s opportunity in serving the middle market in the U.S., where smaller firms seem stuck in a limbo of fragmented lending solutions, and where loans are pricier than might be seen elsewhere. and middle-market firms employ 29.7

Lending 100

Lending Marketing Capital Data 100

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. Fintech is no different. Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 Banks and fintechs are in a heated mashup and seeking niches. Fifth Third Bank is acquiring healthcare fintech Provide.

Fintech 197

Fintech Lending Community Payments 197

PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. Morgan Stanley’s move comes at a time when the Brazil FinTech market is exploding. Fortress Investment Group also took part in that deal.

Fintech 116

Fintech Marketing America Report 116

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. In the U.S., KarbonCard.

Fintech 193

Fintech Capital Security FDIC 193

PYMNTS

AUGUST 15, 2019

He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K. The company is hopeful that its consumer lending division will lead to profits, according to the report.

Lending 161

Lending Los Angeles Digital Banking San Francisco 161

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18. The 2019 Canadian fintech market map. Data is as of 10/8/2019.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

AUGUST 14, 2020

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. Birnbaum noted that many FinTechs benefited from facilitating the U.S.

Fintech 300

Fintech Apple California Google 300

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

Fintech 165

Fintech Customer Experience Conference Technology 165

Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

San Francisco 236

San Francisco Fintech United States Marketing 236

PYMNTS

NOVEMBER 30, 2020

At a time when surging coronavirus counts are once again muddying the outlook for consumers and business owners, MerchantE Chief Financial Officer Shim Steinmetz says the crisis has also provided a silver lining of sorts to nimble FinTechs that can solve merchants’ cash crunch problems. Don’t Put Too Much Faith In Credit.

Fintech 211

Fintech Innovation Analytics Seattle 211

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The rise of FinTech offers a bit of a prism through which to view those events. Mortgages and Credit Cards and Student Debt…. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance. InstaRem Expands BizPay.

Cards 132

Cards Capital Innovation Payments 132

CB Insights

JANUARY 26, 2023

The fintech industry took a hard hit in 2022 as investors scaled back their investments amid market turmoil. Fintech is central to a16z’s investment strategy. Of the 206 deals a16z participated in last year, almost a quarter went to fintech companies — more than any other industry.

Strategy 101

Strategy Fintech blockchain Lending 101

PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. 11), Cred revealed the rollout of its developer platform CredX (not to be confused with the new credit card accounts payable solution recently launched by Finexio ). In a press release on Tuesday (Dec.

Lending 139

Lending blockchain cryptocurrency Bitcoin 139

PYMNTS

NOVEMBER 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others.

Cards 196

Cards Payments San Francisco Tools 196

PYMNTS

AUGUST 23, 2019

With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. India is said to be the biggest market for the company outside of China. For Q2, the company’s FinTech revenues increased 62.7

Lending 123

Lending Google Samsung Apple 123

PYMNTS

JULY 4, 2018

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

Lending 110

Lending New York Fintech Cards 110

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. The environment for P2P lending has recently come under scrutiny.

Lending 102

Lending Regulation Fintech Study 102

PYMNTS

JANUARY 22, 2019

Investors have backed Switzerland-based FinTech startup KiWi to help the firm expand its small business payments and lending operations in Mexico, reports in BankingTech said Monday (Jan. million round was led by investiere and Polytech Ventures, while Symbiotics and the 1to4 Foundation also participated.

Lending 137

Lending Payments Tools Capital 137

PYMNTS

MARCH 31, 2020

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. Shopmatic said it helps business owners increase their sales by accessing new markets through online channels and point-of-sale solutions. Financial details of the acquisition were not disclosed.

Fintech 168

Fintech Regional Security Lending 168

PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Instant payments are gaining in international markets.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

SEPTEMBER 19, 2019

challenger FinTech Cashplus has hired a commercial card risk expert from American Express, reports this week said. Commercial Cards and Payments and before working at Amex, Duseja held a position at Accenture. According to reports Wednesday (Sept. He comes from American Express as its head of credit risk for U.K.

Cards 108

Cards Lending Capital Marketing 108

Perficient

JANUARY 12, 2021

Smaller financial institutions will have to be more innovative and rely on third parties and as-a-service based solutions to specifically address the needs of the niche market they are servicing. Small businesses remain an untapped marketing opportunity for the financial services industry. Small Business Innovation. reached 31.7

Trends 332

Trends Fintech Customer Experience Innovation 332

PYMNTS

AUGUST 16, 2018

In lending, as in everything, there is risk, and there is reward. To that end, FinTechs are looking to tap into the sub-prime credit market, with tech as aid. The Journal lists a few other examples of companies rolling out cards and installment loan offers. Taken as a whole, sub-prime lending has its hallmarks.

Fintech 101

Fintech Lending Cards Examples 101

PYMNTS

FEBRUARY 26, 2019

centered on collaboration between FinTechs and traditional banks. 25) that in South Korea, the financial regulator there (known as the Financial Services Commission) is encouraging the creation of an interbank payment network that will allow access to banks and FinTechs. Open banking may foster talk in Europe and the U.S.

Fintech 188

Fintech Payments Data Marketing 188

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space.

Lending 130

Lending Regulation Capital Industry 130

PYMNTS

SEPTEMBER 25, 2017

Australia is now the Asia Pacific region’s second-largest alternative finance market, largely due to a favorable regulatory climate, according to new KPMG analysis. The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks.

Lending 100

Lending Regional Analysis Survey 100

PYMNTS

AUGUST 14, 2018

FinTechs are going after another financial market void, this time providing loans to customers with low credit scores. Meanwhile, CreditShop, which investment firm Varde Partners acquired in 2017, launched a credit card earlier this year while Elevate Credit, which focuses on installment loans, came out in July.

Fintech 111

Fintech Cards Capital Marketing 111

PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. FIS merchants in the U.S. Liberis Group. The round was led by investment firm FTV Capital.

Lending 131

Lending Florida Capital Fintech 131

Bank Innovation

FEBRUARY 27, 2019

Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and legacy card companies to provide seamless, affordable solutions for online-based businesses looking to scale up quickly or stock up for busier seasons. provides […].

Fintech 186

Fintech Capital Cards Online 186

PYMNTS

JULY 14, 2020

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. This follows a pilot rollout in Russia last month.

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

DECEMBER 3, 2019

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power took one key friction point of the small business (SMB) credit card market to task. Power Director of Wealth and Lending Intelligence John Cabell in a statement. Walmart Boosts Cards For India SMBs.

Cards 101

Cards Innovation Tools Study 101

PYMNTS

MAY 2, 2017

For small business lenders and for FinTech too, expansion is key; but for Biz2Credit, expansion is literal. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients.

Puerto Rico 118

Puerto Rico Lending Online United States 118