PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 The number reached a peak of 157 in 2010.

FDIC 56

FDIC Community Banks Non-Bank NOV 56

PYMNTS

JANUARY 7, 2021

To put the latest move into perspective, Experian said 2020’s larger-than-usual annual increase accounted for one-third of the total improvement in scores seen since 2010, which have inched higher in 9 of 10 years. Using average numbers to illustrate America’s love affair with leverage can sometimes be misleading.

Credit Cards 94

Credit Cards Consumer Financial Protection Bureau (CFPB) Federal Reserve CFPB 94

PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets. As a result, the call for banks to keep pace continues.

Payments 73

Payments Fraud Detection Non-Bank Privacy 73

The Finance Weekly

AUGUST 30, 2022

FP&A software can be pricey so finding one that won’t break the bank, yet still provides a high level of value, can be a challenge for small companies on a tight budget. Adaptive Planning continues to offer a stand-alone solution for non-Workday customers as well. Another difficulty is of course money.

Small Business 239

Small Business Finance Automation AI 239

Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

Online and Mobile Banking 136

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 136

PYMNTS

JANUARY 24, 2019

More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. Bloomberg reported that China has promised to let foreign banks have more access to its financial sector, which is worth about $40 trillion. It was supposed to debut on Dec.

Cross-Border 62

Cross-Border Non-Bank SWIFT Regulations 62

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

The Fintech Times

SEPTEMBER 16, 2024

While oil and gas remain the backbone of Brunei’s economy, since 2010, the non-oil and gas private sector has grown by 2.6 Although there are at least seven commercial banks, only two of them compete for the majority of users. For example, last year, BIBD announced its plans to be a digital-first bank.

Economy 59

Economy Central Bank Non-Bank FinTech 59

PYMNTS

APRIL 9, 2018

Non-bailable warrants have been issued for the two central figures in an alleged $2 billion scam at state-run Punjab National Bank (PNB). According to Reuters , a special court of India’s Central Bureau of Investigation (CBI) approved an application to issue non-bailable warrants against jewelers Nirav Modi and Mehul Choksi.

Law Enforcement 43

Law Enforcement Non-Bank Scams SWIFT 43

PYMNTS

JANUARY 15, 2020

Raisin will license Choice FS’ software to banks in the U.S., Banks will be able to offer the new solutions directly to their own customers or use Raisin’s platform to reach all potential retail consumers. billion) in deposits for German banks like Commerzbank and N26. platform,” said Raisin U.S. CEO Paul Knodel.

FinTech 52

FinTech Credit Union Deposit Account Online and Mobile Banking 52

PYMNTS

JULY 29, 2019

million for not performing background checks on thousands of non-registered employees for a period of seven years, according to a report by Reuters. The infractions occurred from 2010 to 2017 and involved 10,400 employees. bank in terms of assets. Citi is the third-biggest U.S.

Checks 43

Checks Non-Bank Credit Cards Procedures 43

PYMNTS

APRIL 12, 2019

Nonbank lending – also known as “ shadow banking ” – has seen its assets hit $52 trillion, despite the fact that the sector poses significant risks. By comparison, traditional bank assets had a 35 percent boost to reach $148 trillion during that same period. trillion shadow banking industry is actually on the decline.

Non-Bank 49

Non-Bank Risk Regulations Returns 49

PYMNTS

AUGUST 23, 2019

Swedbank faces allegations of processing transactions with mostly Russian non-residents through Estonia from 2010 to 2016. Last month Swedbank, SEB and four other major Nordic banks announced the creation of a customer checking center as part of efforts to crack down on money launderers.

Money Laundering 43

Money Laundering Non-Bank Crime Authorization 43

The Fintech Times

OCTOBER 15, 2024

Despite its market stalling in H1’24, Australia’s economy still remains a major player globally with a gross domestic product (GDP) per capita of over $65,000 according to the World Bank. These include cross-border payments Airwallex , buy now pay later (BNPL) Afterpay and challenger bank Judo Capital.

Cross-Border Payments 52

Cross-Border Payments Scams Non-Bank Cross-Border 52

PYMNTS

JANUARY 25, 2019

By debiting the bank accounts of its users without authorization, the company violated the Consumer Financial Protection Act of 2010, the Bureau claimed. Enova provides online financial services to small businesses and non-prime consumers.

CFPB 49

CFPB Consumer Financial Protection Bureau (CFPB) Settlement Funds Transfer 49

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. MOXY Bank, for example, aims to introduce corporate treasury management services, as well as offerings for small business (SMB) owners. have emerged to do.

Community Banks 49

Community Banks FDIC Small Business Non-Bank 49

PYMNTS

APRIL 17, 2018

Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. Big banks have moved away from the segment in general — and from subprime borrowers in specific.

Non-Bank 55

Non-Bank Risk Finance Fed 55

PYMNTS

AUGUST 18, 2019

Big banks’ mortgage businesses are a lot smaller than they used to be,” Jeffery Harte of Sandler O’Neill told FT. Non-traditional mortgage lenders like Quicken Loans are now taking a bigger market share as traditional financial institutions opt out. In addition, nonbank financials have grown 61 percent to $185 trillion.

Non-Bank 43

Non-Bank Treasury Finance Regulations 43

CB Insights

FEBRUARY 16, 2021

Meanwhile, a recent survey of central banks found that two-thirds of respondents are actively researching the potential impact of stablecoins on financial stability. In 2010, for example, a programmer purchased pizza for 10,000 bitcoin (~$30). NON-COLLATERALIZED STABLECOINS. Why use stablecoins? Source: Quartz.

Stablecoins 101

Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

CB Insights

SEPTEMBER 19, 2017

We also charted the share of unicorns that have been added to the club each year since 2013 by location (US vs. non-US). See the map and full list of all non-US unicorns, their select investors, and the date each reached unicorn status below. China Development Industrial Bank, Tencent Holdings, Morningside Ventures. 12/14/2010.

Non-Bank 78

Non-Bank Online and Mobile Banking Technology Innovation 78

Finovate

FEBRUARY 2, 2024

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The new digital bank also offers financing products for bineo account holders. The bank also pledges competitive rates and instant access to funds once loans are approved. The company noted that it hopes to add 2.8

BNPL 59

BNPL Online and Mobile Banking Debit Card Non-Bank 59

Fintech Finance

JANUARY 18, 2024

Neal takes the helm from Jon Prideaux, who announced his intention to retire in July 2023, and will remain on the Board as a Non-Executive Director. Local Payment Methods (LPMs) now represent two-thirds of all global online payments – a significant rise from 2010, when they accounted for one quarter of all online payments.

Non-Bank 52

Non-Bank Payment Solutions Returns Accounts 52

PYMNTS

JANUARY 4, 2019

Open accounts peaked near 500 million at mid-2008, then plunged to 360 million by the third quarter of 2010, according to a 2013 report by the New York Federal Reserve. A situation that card issuing banks were less than fully enamored with. And the offerings have been impressive. In short, they are too successful.

Credit Cards 55

Credit Cards Card Issuer Issuers Non-Bank 55

The Payments Association

FEBRUARY 10, 2025

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. While primarily focused on bribery, the UK Bribery Act 2010 guidance aligns closely with fraud prevention measures.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

PYMNTS

JULY 31, 2017

Within this loan grant, 18 banks across the Middle East, Europe and Asia participated in financial contributions. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank of China (Hong Kong) Limited, Deutsche Bank AG and Wing Lung Bank.”.

Non-Bank 40

Non-Bank Participant Checks Product 40

PYMNTS

FEBRUARY 23, 2016

The payments relationship will begin later this year, said Gordon Smith, who heads JPMorgan’s consumer banking unit as chief executive officer, during the financial firm’s investor day presentation on Tuesday, Feb 23.

Mobile Payments 40

Mobile Payments Non-Bank Agreements Payment Initiation 40

PYMNTS

FEBRUARY 24, 2016

23) that commercial banks and savings enterprises that it insures reported net income in the aggregate of $40.8 billion decline in non-interest expenses, which were off due to a decline in litigation expenses. The total ratio of banks that were unprofitable dropped 80 basis points year over year to the most recent 9.1

FDIC 40

FDIC Community Banks Non-Bank Credit Risk 40

Stax

NOVEMBER 20, 2023

TL;DR Founded by American Express in 2010, Small Business Saturday encourages consumers to shop at local small businesses. It was established by American Express in 2010 and gained official recognition from the US Senate the following year. But what exactly is it, what are its benefits, and how can you leverage it to your advantage?

Small Business 88

Small Business Online and Mobile Banking Participant On-Demand 88

PYMNTS

OCTOBER 24, 2019

As a result, workers across the country were left with negative bank balances amid the disappearance of up to $35 million. 23 and faces federal charges of committing $70 million in bank fraud, according to the U.S. He obtained loans and lines of credit by borrowing against “non-existent receivables,” the filing said.

Payroll 41

Payroll Law Enforcement FBI Non-Bank 41

PYMNTS

MARCH 19, 2018

Indian Prime Minister Narendra Modi is in hot water after a photo surfaced of him with billionaire jeweler Nirav Modi, who is at the center of the biggest banking scandal in the country’s history. The bank also alleged that Modi took advantage of the inexperience of junior banking personnel to receive the letters.

Non-Bank 40

Non-Bank Rules Government Governance 40

Finovate

OCTOBER 4, 2024

Netherlands-based digital banking platform Plumery secured $3.3 Founded in 2022, Plumery offers a digital banking platform that enables businesses to rapidly customize and deploy their banking operations. This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands.

Innovation 64

Innovation AI Payment APIs and Integration Online and Mobile Banking 64

PYMNTS

MAY 6, 2019

After all, they’ve only got $45 billion in the bank , and at some point will probably have to pony up $5 billion to pay the FTC and who knows how much to others at some point. Act Three: Facebook execs meet with the Fed and central banks. There was zero incentive for non-gamers to even want to try. But not their money.

Online and Mobile Banking 83

Online and Mobile Banking PayPal Blockchain Innovation 83

PYMNTS

APRIL 12, 2018

India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the crime. “We So far, 20 people have been arrested, and a court has issued non-bailable warrants against jewelers Modi and Choksi. In February, PNB announced that it had discovered $1.8

Continuity 40

Continuity SWIFT Non-Bank Correspondent 40

The Fintech Times

JUNE 5, 2025

Monica Millares – CPO at BigPay / founder and host of the Purpose Driven Fintech Podcast Monica Millares was part of the early team at Tandem Bank and is now CPO at BigPay , where shes helped scale one of Southeast Asias largest neobanks.

FinTech 49

FinTech Non-Bank Innovation Advisors 49

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. That finding comes care of data gathered by 12 regional Federal Reserve banks in a survey conducted over the third and fourth quarter of 2017. In the 10 years following the financial crisis, the U.S.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 46

Fintech News

JANUARY 28, 2024

500 Global (USA) Founded in 2010 and headquartered in the US, 500 Global is an early-stage venture fund and seed accelerator. SOSV (USA) Founded in 1995 and headquartered in the US, SOSV is a VC firm that provides pre-seed, seed, venture and growth stage funding to startups in the technology sector. billion.

FinTech 117

FinTech Cross-Border Payment APIs and Integration Cross-Border Payments 117

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. The Rundown on the Run-up to the Decisions.

P2P 54

P2P Origination Returns Underwriting 54