Post Tagged with: "capital"

Square Offers Cash Advances Based on Transaction Data

Square Offers Cash Advances Based on Transaction Data

by May 28, 2014 at 12:55 pm 0 comments

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

Capital Access Network’s Online Lending Platform CapTap Coming to Tablet Soon

Capital Access Network’s Online Lending Platform CapTap Coming to Tablet Soon

by March 27, 2013 at 11:16 am 3 comments

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

Declining NIMs: The Cold, Hard Numbers of the Innovation Imperative

Declining NIMs: The Cold, Hard Numbers of the Innovation Imperative

by March 8, 2013 at 11:07 am 0 comments

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

Feds Inch Closer to Clearer Understanding of Financial Risk

Feds Inch Closer to Clearer Understanding of Financial Risk

by January 14, 2013 at 9:27 am 0 comments

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 to Submit Its Capital Plan to the Federal Reserve Today

Citigroup to Submit Its Capital Plan to the Federal Reserve Today

by January 7, 2013 at 10:09 am 0 comments

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