Tag : financial challenges

Burnout Hitting Consumer Confidence, Finds KeyBank Survey
Banking Mobile Banking News

Burnout Hitting Consumer Confidence, Finds KeyBank Survey

Fintech News Desk
Millennials or younger are experiencing the most burnout amid growing demand for digital products and financial guidance The KeyBank 2023 Financial Mobility Survey, released today, finds Americans are in a difficult financial position as 55% faced financial challenges over the last year, a substantial increase from the year prior (37%), with......
Qollateral Reimagines Secured Lending in NYC's Diamond District
Finance Lending News

Qollateral Reimagines Secured Lending in NYC’s Diamond District

Fintech News Desk
A new collateral lending firm, Qollateral, opens its doors today in New York City’s diamond district with a singular mission: to make collateral financing as prompt and simple as possible, while maintaining a high touch, concierge customer experience and ultimate discretion. Confidential and private, Qollateral’s offices are located in the most secure building in New York......
FINRA Extended Hearing Panel Expels Alpine Securities
News Security

FINRA Extended Hearing Panel Expels Alpine Securities

Fintech News Desk
FINRA announced that a FINRA extended hearing panel has expelled Salt Lake City-based broker-dealer Alpine Securities Corp. from FINRA membership, and ordered the firm to pay more than $2.3 million in restitution to customers for converting and misusing customer funds and securities, engaging in unauthorized trading, charging customers unfair prices in......
Harris Williams Advises Morgan Stanley Capital Partners on its Acquisition of SpendMend
Investment Services News

Harris Williams Advises Morgan Stanley Capital Partners on Its Acquisition of SpendMend

Fintech News Desk
Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised investment funds managed by Morgan Stanley Capital Partners (MSCP) on its acquisition of SpendMend, a leading provider of tech-enabled solutions to optimize the cost cycle for the healthcare industry. The transaction was led by Dan Linsalata and Sam Hendler of......
Relief Secures $15 Million in Series A Funding to Help Consumers Combat the Credit Card Debt Crisis
debt collection Fintech Startups News

Relief Secures $15 Million in Series A Funding to Help Consumers Combat the Credit Card Debt Crisis

Fintech News Desk
Since the launch of Relief’s waitlist, over 100,000 consumers have signed up for their free service with a combined total of over $750 million of credit card debt Relief, the personal finance startup committed to helping everyday people achieve financial freedom by eliminating credit card debt, announced it has raised......
Inxeption Announces $275 Million in Funding to Expand Its Leading Industrial Commerce SuperApp
Commerce News

Inxeption Announces $275 Million in Funding to Expand Its Leading Industrial Commerce SuperApp

Fintech News Desk
Valuation surges to $3B in new Series E financing and debt capital raise Inxeption, the Industrial Commerce SuperApp, announced $275 million in new funding made up of a $125 million Series E financing round and $150 million in new debt capital. The Series E is led by Schonfeld Strategic Advisors......
Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds
Banking Digital Payments Fintech News

Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds

Fintech News Desk
Proactive Response Creates Opportunity for Increased Retention and Cross-Selling After getting off to a wobbly start in the earliest days of the pandemic, the nation’s banks nailed their response to the U.S. Small Business Association’s Paycheck Protection Program (PPP), managing to administer $669 billion in relief loans to small businesses......
18.7 Million U.S. Consumers in Financial Hardship Programs Experienced an Increase to their Credit Scores; Study Finds Their Performance Similar to Non-Hardship Consumers
Fintech News

18.7 Million U.S. Consumers in Financial Hardship Programs Experienced an Increase to their Credit Scores; Study Finds Their Performance Similar to Non-Hardship Consumers

Fintech News Desk
TransUnion study finds that credit risk often changed based on when consumers exited hardship programs Despite financial challenges brought forth by the COVID-19 pandemic, a new study from TransUnion found that 18.7 million U.S. consumers that entered a financial hardship program experienced an increase to their VantageScore 4.0 credit risk scores......
Binaryx Offers Tokenization Guideline to Help Small Businesses Prepare for Capital Raising via Tokenization
Digital Asset Management Investments News

Binaryx Offers Tokenization Guideline to Help Small Businesses Prepare for Capital Raising via Tokenization

Fintech News Desk
Small and Medium Businesses Can Efficiently Prepare for Tokenization and Fundraising with the help of Tokenization Guideline Binaryx, a European digital asset exchange, released its tokenization guideline to help small businesses prepare for the native token issuance without intermediaries.Tokenization of assets can unlock trillions of illiquid dollars for financing SMEs’......
While Many US Credit Card Issuers Struggle to Meet Evolving Customer Expectations, Some Bright Spots Exist, J.D. Power Finds
Banking Digital Payments Finance News

While Many US Credit Card Issuers Struggle to Meet Evolving Customer Expectations, Some Bright Spots Exist, J.D. Power Finds

Fintech News Desk
American Express Ranks Highest in Overall Customer Satisfaction among National Credit Card Issuers; First-Time Study Entrant Goldman Sachs Ranks Highest among Midsize Issuers Increased financial stress, lack of responsiveness and misaligned terms and rewards have created a recipe for declining customer satisfaction with credit card issuers. According to the J.D.......
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