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.

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Bank Innovation

OCTOBER 18, 2017

The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free. EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers.

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San Francisco Survey Digital Banking Innovation 236

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018.

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Report San Francisco Lending America 269

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.

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Lending Los Angeles Digital Banking San Francisco 161

Bank Innovation

AUGUST 15, 2017

This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin. The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space.

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San Francisco Retail Lending Company 170

Bank Innovation

MAY 2, 2019

s downtown San Francisco headquarters once featured many of the lavish perks booming tech companies use to attract workers and keep them happy once they’re hired: kitchens stocked with snacks, mini-golf, a Foosball table, an in-house spa. Now the online-lending pioneer is cutting back on the amenities, and the workforce too.

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San Francisco Lending Online Company 170

Bank Innovation

AUGUST 25, 2017

Based in San Francisco, Blend was established […]. The funding round was led by Menlo Park, California-based venture capital firm Greylock Partners. Other investors included Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners.

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San Francisco Technology California Capital 225

South State Correspondent

MAY 22, 2024

In this article, we highlight the state of the bank commercial real estate office lending sector and make an argument about why banking might be better off than most analysts think. The State of Office Lending Risk – Traffic 2024 will mark the fifth consecutive year where office demand has declined.

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Lending Marketing Philadelphia San Francisco 195

Bank Innovation

JUNE 19, 2019

The Series C funding round, led by Andreessen Horowitz, will help the San Francisco-based company hire more engineers to help build out more products, according to Erica Dorfman, Tally’s head of finance and operations. […].

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San Francisco Operations Company Capital 218

Bank Innovation

FEBRUARY 23, 2017

The San Francisco-based company processed $13.7 Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. billion in payments in the fourth quarter of 2016, compared with $10.2 billion in the same quarter last year. Read More.

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San Francisco Capital Cards Mobile 210

Bank Innovation

SEPTEMBER 24, 2019

For Aura, an online lending platform for low-income families, reaching underbanked borrowers means going beyond the bank setting and working with retailers to reach customers who may be overlooked by traditional lenders.

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San Francisco Marketing Lending Branding 150

Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE— Shares of San Francisco-based online lender, LendingClub, fell as much as 11% yesterday after the company missed profit estimates and more than doubled its losses in its fourth quarter. The lender also grew its originations from last year, though its growth in that area remained flat from 3Q17.

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San Francisco Online Report Company 199

Bank Innovation

JUNE 20, 2019

Citizens Bank is generating one-third of its mortgage applications online, thanks to a suite of tools the company rolled early this year and a partnership with San Francisco-based fintech firm Blend.

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San Francisco Tools User Experience Fintech 199

Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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San Francisco Fintech Innovation Security 186

PYMNTS

DECEMBER 11, 2019

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015.

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PYMNTS

MAY 24, 2016

Lending Club – and the alternative lending industry overall – has lost a lot of support in just a few short weeks following the sudden departure of the firm’s CEO , allegations of mismanaged investments and talk by the U.S. percent stake in Lending Club. Purchases of its 44.7

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Bank Innovation

OCTOBER 17, 2017

The decision is a direct result of the recently announced transition of many senior executives, including the stepping down of the San Francisco-based company’s former CEO and co-founder, Mike Cagney. A few weeks […].

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San Francisco Online Lending Mobile 170

Bank Innovation

APRIL 12, 2016

This week we’re looking at a lending Read More. Last week Money 20/20 lent its fintech passion to #Copenhagen, whose reach surpassed a staggering 3.2 million in a three-day period last week, surpassing other fintech satellite cities #NewYork and #London, the latter of which barely broke one million during the same three-day period.

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Lending Fintech San Francisco Online 150

Bank Innovation

OCTOBER 18, 2019

The San Francisco-based company, which counts incumbents like Wells Fargo and U.S. Blend, a startup that sells its mortgage application technology to banks, is enhancing its toolkit to help its clients cross-sell other financial products to consumers.

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San Francisco Technology Company US 170

Bank Innovation

MAY 30, 2019

The San Francisco-based startup — whose main business is providing corporate credit cards to tech companies, startups and their employees — had previously raised money at […]. Just two years after it was founded, Brex Inc.

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San Francisco Maine Cards Security 170

Bank Innovation

MARCH 21, 2019

The San Francisco-based fintech startup also announced it has surpassed $1 billion in bookings through its platform, which enables small businesses and freelancers to streamline processes from capturing leads and delivering proposals to sending invoices and […].

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San Francisco Management Fintech Company 170

Abrigo

AUGUST 30, 2024

Takeaway 2 Reform moves are stemming from actions of the FHFA against the San Francisco and New York FHLBs. These FHLBs continued to lend to the member banks despite clear deterioration of their financial status. Takeaway 3 Banks should respond to the reform efforts to ensure contingent liquidity options will remain.

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San Francisco Risk Management New York Capital 195

Bank Innovation

NOVEMBER 12, 2018

MUFG Bank and Banco Bradesco will use distributed ledger technology from Ripple, a San Francisco-based software vendor specializing in global real-time settlements, to create a new cross-border payment service between Japan and Brazil.

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San Francisco blockchain Payments Software 170

Bank Innovation

JUNE 28, 2018

For the task, San Francisco-based Bento raised $9 million in a new round of funding today. Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad.

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San Francisco Millennials Tools Management 170

PYMNTS

DECEMBER 11, 2019

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015.

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Lending San Francisco Groups Company 130

PYMNTS

MAY 18, 2016

Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late on Monday (May 16) in San Francisco that claims that the online lender inflated its share price by not being transparent about the company’s issues with managing itself.

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PYMNTS

MAY 1, 2020

One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused by COVID-19 is making the U.S. The San Francisco-based company provides upfront home equity cash in exchange for a portion of the home’s future appreciation. Wells Fargo & Co.

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San Francisco Marketing Lending Report 154

PYMNTS

JUNE 23, 2016

The online lending landscape may get rockier as federal regulators are eyeing whether to bolster their oversight on loans extended to small businesses. The key is whether the borrowers are able to understand, and are presented with, the nuances of their lending agreements.

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Lending Regulation San Francisco Online 100

PYMNTS

APRIL 10, 2020

Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 The deal follows JetBlue’s announcement that it has temporarily consolidated service in Boston, Los Angeles, New York City, San Francisco and Washington, D.C.

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PYMNTS

JUNE 14, 2020

Square , the San Francisco-based ePayment company, recently started holding 30 percent for every transaction for four months “to protect you and Square from unexpected loss events,” according to WSJ. Now, the Tacoma, Washington, portrait studio is facing another challenge. Hudson told WSJ she plans to drop the company.

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San Francisco Boston Washington Software 221

PYMNTS

JULY 19, 2016

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. Dunne is well known in financial circles and his appointment is seen as a boon to the beleaguered Lending Club.

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Lending Capital San Francisco Fintech 100

Bank Innovation

SEPTEMBER 9, 2016

discount on student loans from the San Francisco-based financial behemoth. Amazon and Wells Fargo gave an unceremonious kiss-off to their student loan hookup this week, which would give Amazon Student Prime subscribers a 0.5% No one knows why the pair went their separate Read More.

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San Francisco Marketing Lending 150

PYMNTS

AUGUST 5, 2020

4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its mobile payment app. Square Capital, the company’s lending division, reported a drop in revenue after it stopped issuing most new loans in the quarter. Square saw its shares skyrocket Tuesday (Aug.

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San Francisco Capital Taxes Report 218

Bank Innovation

SEPTEMBER 11, 2017

Based in San Francisco, PayJoy hopes to make the smartphone a mainstream financial […]. EXCLUSIVE – It’s been a busy few days for fintech startup PayJoy, which today announced that it closed a $6 million investment, only a few days after it reached another milestone.

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San Francisco Fintech Innovation Lending 150

Bank Innovation

MAY 13, 2016

The San Francisco-based bank is working on deepening its links with Silicon Valley neighbors, and has a hackathon planned for June 17-19 in concert with parent BNP Paribas. Fear of fintech disruption is still common in banking, but for Bank of the West, “fintech” means opportunity.

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San Francisco Fintech Operations Innovation 150

Bank Innovation

NOVEMBER 12, 2018

MUFG Bank and Banco Bradesco will use distributed ledger technology from Ripple, a San Francisco-based software vendor specializing in global real-time settlements, to create a new cross-border payment service between Japan and Brazil.

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San Francisco blockchain Payments Software 150

PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

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