Kabbage

Neptune Financial, an online business lender, will help the global bank reach commercial customers it was missing before and could ultimately be a $1.5 trillion opportunity, an HSBC executive says.

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

Investments in software can speed up decision-making and help traditional lenders better compete with fintechs for creditworthy customers who want their loans quickly.

To personalize products and services, banks are now tracking all sorts of alternative data sources, even the manner in which customers type in mobile banking apps.

Rep. Emanuel Cleaver, D-Mo., released a survey of lending practices that he said point to practices such as forced arbitration clauses and extracting a customer’s credit score to determine creditworthiness.

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy.

A bill moving through the California Legislature seeks to tame the largely unregulated world of online small-business lending. If passed, it would be the first of its kind nationally, but so far it has failed to satisfy either the industry or its critics.

Using Orchard’s data science smarts, Kabbage intends to offer new payment products to small businesses and loan portfolio insights to financial institution partners.

Randal Quarles found himself in the middle of an issue that typically doesn't fall under a banking regulator's purview.

Randal Quarles found himself in the middle of an issue that typically doesn't fall under a bank regulator's purview.

As upstart companies mature, they face pressure to develop deeper relationships with their customers. That is leading some to offer to a wider range of products, including deposit accounts.

Orchard Platform Markets, a provider of lending data and services backed by the former heads of Citigroup and Morgan Stanley, is set to be acquired by the small-business lending platform Kabbage, said people familiar with the deal.

Efforts by financial institutions to track "beneficial ownership" data in advance of a regulatory deadline next month is complicated by the challenge of getting customers to cough up the information.

Disruptors would get a powerful new competitor if Amazon began offering checking accounts, but such a move would also validate the notion that fintechs are the future.

The World Economic Forum said the effort is designed to strengthen fintech cybersecurity.

The online retailer wants to offer customers checking accounts but won’t become a bank; Quarles says the rule is too complex and “not working well.”

The online lender is taking a stand against businesses that sell assault weapons or that sell any type of firearms to people under 21.

The pioneering brand re-enters a market where fintechs now account for over 30% of personal loan originations.

The online lender to small businesses is expanding its business deeper into traditional banks’ territory with larger loans.

An ex-regulator’s stern warning about the risks of sharing consumer information with fintechs has prompted debate over common security standards for banks and nonbanks, better data tracking and new liability insurance products.