PYMNTS

DECEMBER 10, 2016

Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. I crossed paths with Laplanche back in 2007 and wanted to back him right away,” Petrushka said. banks at the time. Loan originations were down, and defaults were higher than expected.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

PYMNTS

NOVEMBER 14, 2017

In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. The Cleveland Federal Reserve Bank captured a lot of headlines with the release of its online lending study – particularly due to its use of the words “predatory” and “needs additional regulation.”

Fed 40

Fed Federal Reserve Regulations Small Business 40

Fintech Labs Insights

MAY 31, 2017

Identity assurance provider Signicat added a new tool this week to help banks meet new PSD2 standards and reduce customer abandonment. Signicat also showed off Signicat Sign , a digital signature solution that ensures the origin and integrity of the document while maintaining non-repudiation from the sender.

Authentication 18

Authentication Non-Bank Authorization Verification 18

PYMNTS

OCTOBER 17, 2017

The concept – originally called a Morris loan – first appeared on the American financial services landscape in 1910, and has occupied a fairly small corner of the financial services marketplace ever since. ILCs are used to form industrial loan companies, better known as industrial banks. Industrial banks are not subject to BHA.

FDIC 43

FDIC FinTech Community Banks Push-to-Card 43

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

CB Insights

AUGUST 14, 2018

Perhaps the most glaring example of the tendency to dismiss innovative new players was when Apple’s iPhone hit the market in 2007. original iPhone. “No Now, the iPhone X, released November 2017, is a full inch taller than its original iPhone predecessor. . The iPhone and iPod. It was the first example of a smart mobile phone.

Bitcoin 78

Bitcoin Online and Mobile Banking Advisors Origination 78

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

Fintech Labs Insights

MARCH 14, 2017

The company’s platform leverages live video and identity document verification, as well as authentication by bank account and the GOV.UK Signicat Sign is the company’s digital signature technology which helps ensure the integrity, origin, and non-repudiation of digital documents. Founded in January 2007.

On-Demand 15

On-Demand Verification Online and Mobile Banking Privacy 15

CB Insights

SEPTEMBER 27, 2017

Perhaps the most glaring example of the tendency to dismiss innovative new players was when Apple’s iPhone hit the market in 2007. Netflix is very much a television network and not unlike what HBO and Showtime have done for years, they have some original product that goes out there. The iPhone and iPod. They’ve had other movies.

Bitcoin 65

Bitcoin Advisors Innovation Blockchain 65

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

CB Insights

OCTOBER 10, 2017

Acorns’ rock-bottom customer acquisition costs as driven by non-viral referral. For the non-exited companies — Robinhood, Acorns, Stash, and Credit Karma — we looked at which apps had the highest rates of user growth and what’s driving expansion. bank accounts. The original Pageonce was a prototypical Web 2.0

Finance 78

Finance Online and Mobile Banking Product Checks 78

CB Insights

OCTOBER 29, 2018

But money was just the problem: due diligence oversights on Caterpillar’s part and alleged “deliberate, multi-year, coordinated accounting misconduct” at Siwei were uncovered months after the deal closed and Caterpillar took a $580M non-cash goodwill impairment write-down in 2012. Bank of America and Countrywide.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76

PYMNTS

OCTOBER 16, 2017

The notion that central banks will give up monetary control of their fiat currencies for a global cryptocurrency, especially bitcoin, is just not happening, so we should stop talking about it. M-Pesa’s original use case was to digitize the paper currency that was once sent back home to villages via paper bags and busses.

Cryptocurrency 71

Cryptocurrency Bitcoin Near Real-Time Use Case 71

CB Insights

NOVEMBER 16, 2017

Mobileye built a successful company in Jerusalem, outside of traditional tech hubs, and raised money from non-traditional investors like Goldman Sachs. Groupon’s IPO in 2011 was the biggest IPO by a US web company since Google had gone public in 2007. In 2007, Lefkofsky and Brad Keywell seeded The Point with $1M.

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78

PYMNTS

FEBRUARY 24, 2017

The Wells Fargo saga seemingly never ends, with the latest wrinkle coming amid the news that the beleaguered bank may be pressed by Prudential to shoulder legal fees the latter may incur defending against allegations that retail bankers pushed Pru insurance on clients. From Ring comes ca-ching. Wells To Shoulder Pru Costs? It also puts U.S.

Federal Reserve 40

Federal Reserve Push-to-Card Non-Bank Credit Cards 40

CB Insights

OCTOBER 4, 2018

At $150B, the current valuation of Ant trumps the market capitalizations of leading financial institutions around the world, from Goldman Sachs and Morgan Stanley to Banco Santander and The Royal Bank of Canada. Today, Sesame is largely used for non-financial purposes, such as credit checks for bike rentals and visa approvals.

Online and Mobile Banking 78

Online and Mobile Banking FinTech Mobile Payments Regulations 78