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

PYMNTS

MARCH 10, 2016

It may not be the year of mobile payments — yet — but it is certainly the year mobile payments players are laying the groundwork for what they know is inevitable. This week, PYMNTS dug into the week of mobile pay news to bring you the latest from the ecosystem. Early Warning Boosts Big Banks’ P2P Power.

Online and Mobile Banking

PYMNTS

NOVEMBER 3, 2019

customers had $736 million in loan balances at the end of September, though it’s not clear how that compares with other credit cards, as Bloomberg said banks do not break out performance by individual cards. The cash-back benefit will be added to more merchants in the future.

Credit Cards

PYMNTS

NOVEMBER 3, 2019

customers had $736 million in loan balances at the end of September, though it’s not clear how that compares with other credit cards, as Bloomberg said banks do not break out performance by individual cards. The cash-back benefit will be added to more merchants in the future.

Credit Cards

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Banks

PYMNTS

OCTOBER 4, 2019

Once upon a time in the 1960s, banks were building a series of one-off card-based solutions , much the way today in the ending days of the 2010s we see global digital banking, mobile wallets and alternative underwriting schemes building one-off tech-based solutions for financial services products. Since 2016.

Fraud Prevention

PYMNTS

AUGUST 27, 2018

Banks $88 Billion Bad Debt Concern . The delinquent credit rate is ticking up, and banks are reacting by dialing back new account approvals. Last month, the Federal Reserve’s Board of Governors’ annual report of credit card banks’ profitability showed a return on assets falling in 2017 for the fourth year in a row.

Data Breach

Fintech Labs Insights

JUNE 6, 2016

Notable raises included Finovate alum Tagit which brought in nearly $9 million to supercharge its mobile application development platform. ——-. Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). Mobile financial applications. Online financial advisor. Digital bank. Mobile on-demand insurance .

Online and Mobile Banking

PYMNTS

NOVEMBER 11, 2019

That sounds like a large number, though it is difficult to make an apples-to-apples comparison with cards issued by others, since as a general rule banks do not break out performance by individual cards. Thus far, however, the bank seems pleased with the card’s early results. “In Amazon’s Big Robotics Investment .

Push-to-Card

Fintech Labs Insights

APRIL 13, 2016

Here are the fintech deals by size from 2 April to 8 April 2016: Home Link (Lianjia). Online & offline real estate broker. Mobile payment platform for restuarants. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile. Online stock trading game. Online payment platform.

Online and Mobile Banking

Fintech Labs Insights

JANUARY 18, 2016

App Annie garnered $63 million for its mobile analytics and development tools. million to its digital banking platform. Here are the deals by size from 9 Jan to 15 Jan 2016: Starling. Startup digital bank. Mobile analytics . Online marketplace for real estate investing. SaaS banking platform.

Online and Mobile Banking

Fintech Labs Insights

FEBRUARY 15, 2016

million to expand its mobile personal finance & savings app. SwipeStox added an undisclosed amount in conjunction with its FinovateEurope 2016 Best of Show debut. Here are the fintech deals by size from 6 Feb to 12 Feb 2016: Renew Financial. Underwrites & guarantees high-risk credit card transactions .

FinTech

Fintech Labs Insights

JANUARY 13, 2016

The year is off to a big start with 24 companies raising $563 million in the first week of 2016. Here are the deals by size from 1 Jan to 8 Jan 2016: CommonBond. Brazilian neo-bank. Online alt-lender. Online accounting. Tags: Consumer, credit, lending, loans, underwriting, enterprise, Finovate alum.

Underwriting

Fintech Labs Insights

MAY 26, 2016

Fintech deals by size from 30 April to 6 May 2016: VTS. Mobile wallet. Digital banking company. Latest round: $40 million Debt (Silcon Valley Bank). Digital bank. Mobile payments. Digital banking company. Online bookkeeping service. Tags: Enterprise, SMB, payments, mobile. Net Element.

Debit Card

PYMNTS

MAY 15, 2017

as part of a movement on a global scale, with a focus on mobile wallet usage. About 27 percent of the staff will be cut back from levels at the end of 2016. On Deck’s investors were less than thrilled by the outcomes, and the pivot on underwriting direction- shares fell 8 percent in after-hours trading. million U.S.

Tax Refunds

Fintech Labs Insights

AUGUST 8, 2016

Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. Online automobile insurance. Digital banking technology. Tags: Institutions, digital banking, Finovate alum. Total dollars raised YTD is $18.1 billion, more than double the $8.8 billion more raised during the same period a year ago. ——-.

Underwriting

Fintech Labs Insights

SEPTEMBER 1, 2016

Fintech deals by size from 30 July to 5 August, 2016: Mosaic. Online payment service. Mobile insurance broker. Mobile wallet. Tags: Consumer, payments, mobile. Total dollars raised YTD is $19.6 billion, double the $9.8 billion raised during the same period a year ago. ——-. Lender for solar energy installations.

FinTech

Fintech Labs Insights

MARCH 8, 2016

Nine weeks into 2016, the total raised is $5.4 Here are the fintech deals by size from 27 Feb to 4 Mar 2016: iAngels. UK-based challenger bank. Tags: Consumers, banking, debit cards, savings accounts. So, the weekly total may well have surpassed $100 million. billion, more than double the $2.4 Latest round: $14 million.

Underwriting

Fintech Labs Insights

AUGUST 1, 2016

D3 Banking raised $10 million. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Online payroll system. D3 Banking. Banking platform. Tags: SMB, lending, commerical credit, underwriting. Of the total raised, $61.5 million was debt. BizFi raised $20 million. Avoka raised $12 million.

Underwriting

Fintech Labs Insights

APRIL 25, 2016

Here are the fintech deals by size from 9 April to 15 April 2016: Bats Global. Mobile alt-lender. Mobile payments for restuarants. Tags: SMB, payments, merchants, mobile, acquiring, debit/credit cards, B2B2C. Aire raised an undisclosed amount to further its new credit scoring system. Equities markets operator. Omni Prime.

Underwriting

Fintech Labs Insights

APRIL 4, 2016

Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. Consumer online investment platform. Smartphone based alt-credit & underwriting for underbanked. Banking services for the under- and non-banked. Tags: SMB, consumer, insurance, mobile, underwriting. Total raised: Unknown.

Underwriting

Fintech Labs Insights

FEBRUARY 23, 2016

Here are the fintech deals by size from 13 Feb to 19 Feb 2016: StoneEagle Services (VPay). Digital bank. Security solutions for mobile apps and online services. Real estate discover mobile app. Mobile loyalty and payments. Tags: Consumer, SMB, loans, credit, lending, underwriting. Marvelstone Tech.

FinTech

Fintech Labs Insights

JULY 12, 2016

Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Online insurance. Mobile wallet analytics. Mobile savings account. Tags: SMB, commerical, lending, credit, underwriting, investing. Total dollars raised YTD is now $16 billion, nearly double the $8.4 Latest round: $134.5 Total raised: $134.5

Underwriting

Fintech Labs Insights

MARCH 22, 2016

And if that holds true, 2016 is going to be a banner year as total deals are double the pace of 2015—285 vs. 139 in 2015. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. eWallet & mobile payments. Tags: Consumers, lending, credit, P2P, crowdfunding, investing, underwriting, loans.

Underwriting

Fintech Labs Insights

MARCH 28, 2016

In total, there were 13 fintech startups (or 15 by the Bank Innovations definition ), 12% of the total YC W16 class of 109. Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending.

FinTech

Fintech Labs Insights

JUNE 16, 2016

million to launch its virtual bank. Fintech deals by size from May 14 to 20, 2016: Clover Health. Full-service digital bank. Mobile rent payments. Mobile ordering & payment app. Tags: Consumer, SMB, credit, loans, underwriting, investing, P2P, peer to peer, crowdfunding. Tink raised $10.2 million Debt.

Underwriting

Fintech Labs Insights

AUGUST 5, 2016

million from Bank of Tokyo. Fintech deals by size from 2 July to 8 July, 2016: Qufenqi. Online broker. Credit card & mobile payments fraud protection. Tags: Consumers, mobile payments, credit/debit cards, security, fraud protection. Most ($449 million) went to Chinese payment and investment platform, Qufenqi.

Multi-Currency

Fintech Labs Insights

JULY 21, 2016

Digital startup bank Number26 pulled in the bulk of that landing a massive $40 million round. Fintech deals by size from 18 June to 24 June, 2016: Circle. Digital bank startup. Online identity & payment services. Banking & money management for students. Total dollars raised YTD is now $17.1 Source: FinDEVr.

FinTech

Fintech Labs Insights

JULY 14, 2016

Bento for Business landed $7 million for its digital business banking platform. Fintech deals by size from 4 June to 10 June, 2016: Tradeshift. Bank operating system. Digital business banking platform. Mobile point-of-sale platform. Buzz Points grabbed $1.8 million for its credit- and debit-card loyalty program.

Underwriting

Fintech Labs Insights

APRIL 4, 2016

The process is 100% online, available 24/7, and interest rates range from 8% to 20%. Kathryn Petralia, COO and co-founder of Kabbage praised Santander UK’s “preeminent global brand” as well as the bank’s “deep financial expertise, large customer base, and a shared passion for innovation.”

Online and Mobile Banking

Fintech Labs Insights

MARCH 1, 2016

Here are the fintech deals by size from 20 Feb to 26 Feb 2016: LoanZen. Mobile & online payments in India. Online marketplace for real estate investing. Tags: Consumer, lending, loans, underwriting, Equitable Bank (investor). And the number of deals is up 70% (167 compared to 98 in 2015). RealtyShares.

FinTech

Fintech Labs Insights

JULY 21, 2016

In the company’s FinovateSpring 2016 demo , Blend’s Head of Product Pranay Kapadia, speaking about the mortgage application process, asked, “How do we make this financial, stressful transaction as humanistic as possible– so it’s as though you’re working with a financial advisor?”

Process

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

PYMNTS

OCTOBER 21, 2019

The Greatest Hits (And Misses) Of Capturing The Magic In Mobile Payments . Among the defining stories of the last decade of payments is the long-running struggle to ignite mobile payments. The name of that mobile wallet would have been CurrentC — would have been, but never came to be.

Innovation

PYMNTS

MARCH 7, 2016

Everywhere else, though, there seems to be a lot that keeps people tossing and turning – and that was before the 2016 Presidential race in the U.S. CAN WE MAKE THE OFFLINE WORLD AS EFFICIENT AS THE ONLINE WORLD? So what would physical retail look like if it were run like the best online etailers ? kicked into full meltdown mode.

Online and Mobile Banking

PYMNTS

AUGUST 28, 2017

Two American Express banking subsidiaries have found themselves on the wrong side of the CFPB’s fining pen for discriminating against consumers in Puerto Rico, the U.S. The banks were reportedly offering terms to those consumers that were inferior to those available in the U.S. American Express’ $96M Discrimination Problem.

CFPB