Square is using its data to give working capital to retailers. Square, the mobile payments startup launched by Twitter co-founder Jack Dorsey, has officially launched a new service where the company will use data from merchant transactions to offer cash advances to businesses. The loans will be paid back throughRead More
Post Tagged with: "capital"
Capital Access Network is launching a tablet version of its CapTap online lending platform for small businesses in the next few weeks, Bank Innovation has learned. That’s right, not just mobile, but specifically tablet. It has long been wondered whether mobile is an effective platform for originating loans, and GlennRead More
As we head in the final stages of preparation for Bank Innovation 2013, I cannot help but notice just how far the banking industry has come over the last two years. This is not the same-old-same-old banking industry. I just don’t think it is possible to say that banking isRead More
Federal regulators have begun exploring a new method of financial modeling, called agent-based modeling, which inches them closer to an optimal understanding of the true risk within the banking sector. The only thing is that agent-based modeling still doesn’t address the core problem within a financial crisis: disorderly liquidation ofRead More
Citigroup will submit its capital plan to the Federal Reserve today, CEO Michael Corbat announced in a memo to employees today. The memo described the reorganization of Citi’s management team, specifically the appointment as co-presidents of Jamie Forese and Manuel Medina-Mora. Forese will helm the banks’ institutional business, while Medina-Mora will oversee global consumerRead More