PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. bank sets its data sharing rules for FinTech firms. JPMorgan Sets FinTech Data Deadline. Plus, a major U.S. As the U.S. Xero, Square Integrate For Faster Invoice Payments.

Lending 217

Lending Taxes Fintech Data 217

PYMNTS

APRIL 26, 2019

It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. In total, more than $107 million was raised, with investors targeting the small business (SMB) back office, lending and B2B payments. Interestingly, U.S.

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Fintech US Lending Capital 176

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

Fintech 214

Fintech Los Angeles Lending Analytics 214

Bank Innovation

JULY 31, 2018

It’s good news for fintechs in lending and payments that want a federal banking license, the Office of Comptroller of the Currency (OCC) has started accepting applications starting today. The fintech charter does not require deposit insurance from the FDIC, per a recommendation from the Treasury Department.

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Fintech FDIC Lending Payments 218

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

Fintech 210

Fintech New York Capital Lending 210

PYMNTS

JANUARY 26, 2021

division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. L’Occitane’s US Unit Enters Bankruptcy As Part Of Lease Negotiations . FinTech AutoFi Launches Division For Businesses That Offers Financing Services. L’Occitane’s U.S.

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Retail US New Jersey New York 239

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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Fintech Lending Software Compliance 198

PYMNTS

FEBRUARY 28, 2020

Paystand is another firm utilizing blockchain in the B2B FinTech arena, tapping into the technology to streamline B2B payments with its payments-as-a-service solution. Separately, blockchain-based small business lending platform OneConnect, a Chinese company, has rolled out a new portal for SMB lending in the Guangdong province.

blockchain 249

blockchain US Innovation Lending 249

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .”

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Lending Community Bank US Community 152

South State Correspondent

MARCH 3, 2025

Germain Depository Institutions Act of 1982 enabled thrifts to offer money market accounts and expand lending powers, fostering competition with banks. The 1980s saw increased competition from non-banks, such as mutual funds and brokerage firms that have since given way to fintechs and neobanks. of C&I lending. The Garn-St.

FDIC 195

FDIC Trends Management ATM 195

PYMNTS

JANUARY 18, 2021

Singapore-based FinTech Grab is mulling a U.S. Grab Financial Group offers payments and financial services including lending, insurance and retail wealth management throughout Southeast Asia. initial public offering of at least $2 billion in the wake of failed merger talks with Indonesian rival Gojek.

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Fintech US Groups Management 198

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

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Lending US Capital Data 144

PYMNTS

SEPTEMBER 18, 2018

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. In The Middle East.

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Fintech New York US National 166

PYMNTS

DECEMBER 3, 2019

The new venture is an app called Mi Credit, and it’s a marketplace for personalized lending, offering users credit between Rs 5,000 ($70) and Rs 100,000 ($1,400). In developing the lending venture, the Chinese electronics company partnered with a few different FinTech startups, including ZestMoney, which is based in Bangalore.

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Lending Fintech Millennials Google 130

PYMNTS

DECEMBER 23, 2020

That way, younger consumers can learn how to use money in a digital world for spending, but also how to manage it better as they get older — all while still being overseen by their parents. We're asking a parent to entrust us with their kids' financial future,” MacDonald said. “We We don't take that lightly.

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Fintech Cards Lending FDIC 322

PYMNTS

OCTOBER 29, 2020

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. Plus, the U.S.

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US Fintech Tennessee Compliance 203

Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

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Fintech United States Tools Strategy 259

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

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Fintech How To Innovation System 195

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Viewed from high levels, the activity itself (lending, that is), has taken off in some of the countries one might expect, marked by relatively higher incomes, and where financial regulation might be relatively less stringent.

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Fintech Lending United States Regulation 172

PYMNTS

APRIL 30, 2019

Ireland has been ramping up to boost FinTech efforts — a trend that has spanned several countries globally. The Times reported late last week that initiatives include a “FinTech foresight” group that will bring together various stakeholders across financial technology and multinational companies. In the U.S.,

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Fintech Regional Operations California 189

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.

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Fintech United States Financial Technology Technology 259

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. s FinTech-friendly regulatory environment.”. to offer personal loans.

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Lending Los Angeles Digital Banking San Francisco 161

Bank Innovation

FEBRUARY 4, 2020

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., the companies confirmed late last month.

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Capital US Fintech Company 243

PYMNTS

DECEMBER 2, 2019

Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the “oversubscribed” funding round — one of the largest for a FinTech startup in Southeast Asia.

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Lending Fintech Risk Management Management 131

PYMNTS

OCTOBER 25, 2020

FinTech StreetShares , which works to aid financial institutions (FIs) in providing loans for small- to medium-sized businesses (SMBs), has secured $10 million in a funding round, according to a press release. Since the pandemic hit earlier this year, FinTechs have come up with ways to keep businesses afloat.

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Lending Community Bank Community Fintech 160

Bank Innovation

JUNE 23, 2017

INV Fintech, the sister accelerator to this site, announced its third cohort of startups today. Here are the five companies of Class 3 of INV Fintech: CoverHero is an intelligent insurance roboadvisor that helps users manage, understand, and buy […].

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Fintech Management Company social media 218

PYMNTS

JANUARY 17, 2019

Goldman Sachs as FinTech player? The digital age is upon us, though, and the bank is proving nimbler than perhaps some might think. 16) that growth in Marcus continues apace, and that the online lending and savings offering had logged $35 billion in deposits last year, with growth logged dually in the U.S. and the U.K.,

Strategy 185

Strategy Fintech US Management 185

PYMNTS

MARCH 22, 2019

In Africa, and in a different form of investment activity – this time through acquisition – Lagos FinTech startup OneFi said it will acquire Nigerian FinTech Amplify for an undisclosed amount. OneFi had previously secured a $5 million lending facility from Lendable and struck a payments partnership with Visa.

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Data Fintech Capital Lending 178

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.

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Fintech Payments Data Marketing 188

Abrigo

JUNE 3, 2019

SBA Lending Can Be a Hidden Gem for Some Institutions. With proper planning and the utilization of technology, SBA lending can boost customer acquisitions and deposits. Many argue that SBA lending is complicated, and while that’s true, it’s actually a good thing. SBA lending rewards financial institutions that are prudent.

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Lending Resources Capital Technology 150

PYMNTS

OCTOBER 6, 2017

Tata Capital is a great fit for us, both in terms of vision and focus on delivering great financial experiences to borrowers,” added Capital Float Co-Founder Sashank Rishyasringa in another statement. “Our alliance with Capital Float is another step toward strengthening our market position,” the executive added.

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Capital Lending National Marketing 139

PYMNTS

JANUARY 6, 2020

Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending operations. InfraRisk is a wholly-owned subsidiary of China-based FinTech solutions provider PINTEC, which acquired InfraRisk last March.

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Lending Analytics Compliance Fintech 131

PYMNTS

NOVEMBER 28, 2018

The check system creates a financial environment in which a small business has money, but can’t use it. FinTech firms have taken a few approaches to this issue, either by working to replace paper checks with different payment rails or trying to work with checks by addressing their particular pain points.

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Lending Payments Cards System 168

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

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Fintech Resources Payments Industry 319

PYMNTS

OCTOBER 1, 2020

In today’s top news in digital-first banking, Memo Bank is rolling out an interest-bearing account for companies, while lending marketplace October has notched roughly $303 million in funding. Lending Platform October Raises Funding for SMB Loans. FinTech Capify Nets $10M Funding, Continued Goldman Backing.

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Lending Innovation Fintech US 150

Perficient

FEBRUARY 12, 2025

Explore More : Transforming Industries, Powering Innovation Payments Trend #2: The Rise of Real Time Payments Real-time payments in the US are expected to see widespread adoption across various sectors, driven by the integration of embedded finance, enhanced biometric authentication, and improved accessibility for consumers and businesses.

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Trends Payments Compliance blockchain 221

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Target auto-debit at 90%+ in all small business digital lending processes.

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Lending Community Bank Community Data 141