Articles by Dan Orlando

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eBay to Part Ways With PayPal, Bring Payments in House

February 2, 2018
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We all must leave our parents one day and branch out on our own. However, this is probably not what PayPal Holdings Inc. had in mind. The company is surrendering its duties as the primary payment option for its former parent, eBay Inc. On Wednesday, eBay announced that Adyen, a Dutch company, will take over […]

Liberty Lending Partners With MetaBank

January 28, 2018
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Headquarters of MetaBank Corporate Services in Sioux Falls. Photo Credit Online lender, Liberty Lending has partnered with MetaBank, a wholly-owned subsidiary of Meta Financial Group, Inc., the latter announced on Thursday. During the three-year agreement, the federally chartered MetaBank will provide personal loans to Liberty Lending customers. Both entities will market the initiative. According to […]

StrategyCorps: The ‘Amazon Prime Effect’ Could Significantly Alter Personal Banking

January 26, 2018
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FinTech and mobile content has done more than provide exposure to alternative lenders and financing avenues. “It’s rewiring the way that we think,” Dave DeFazio, a partner at StrategyCorps told deBanked while discussing mobile devices. StrategyCorps helps financial institutions enhance their checking account offerings. “We’re addicted to our phones. We’re using them more than ever. […]

Sorodo’s Co-Founder: Alternative Financing Options ‘Unknown’ Amongst the U.K.’s Small Business Community

January 25, 2018
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Are small businesses across the pond aware of their alternative financing options? Manchester’s Sorodo Limited, a merchant cash advance company, feels that the word has far from spread. “We still have some way to go, as the product is still fairly unknown to the wider business community,” co-founder Rich Wilcock said via release earlier this […]

YieldStreet Gets $113M Closer to ‘Changing The Way Wealth is Created’

January 24, 2018
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New York’s YieldStreet, an alternative investment platform, closed a $113 million financing round earlier this month. The company announced that the round drew $12.8 million in Series A equity financing from the team of Greycroft and Raine Ventures, as well as a $100 million revolving credit facility from an unspecified entity. Via release, YieldStreet said […]

New RealtyMogul CIO Praises the Company’s Avoidance of Land, Hotel and Development Investments

January 23, 2018
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Chris Fraley RealtyMogul

Los Angeles’ RealtyMogul promoted Chris Fraley from interim chief investment officer to permanent CIO, earlier this month. After the announcement, Fraley told commercial real estate publication, Bisnow, that the company’s “fairly conservative approach” has put it in an optimal position at this point in the current real estate cycle. “There is certainly a feeling that […]

Alternative Financier, White Oak Global Advisors, Turns to CIT for Own Unique Needs

January 23, 2018
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news pad

White Oak Global Advisors, an alternative financier and creditor in its own right has turned to CIT Group Inc. in order to organize a $422 million secured loan for its aviation division, the companies announced last week. White Oak Commercial Aviation, LP, will use the funds to purchase 20 on-lease wide body aircraft engines from […]

Lending Disruptor, Rocket Mortgage, Announces First eSports Sponsorship

January 22, 2018
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rocket mortgage and 100 thieves

Rocket Mortgage has thrown its hat into the burgeoning eSports ring, Quicken Loans, its parent company, announced on Friday. The brand has entered into a sponsorship agreement with the 100 Thieves’ League of Legends division. Citing a synergy between the end-to-end online and on-demand mortgage product and the “disruptive” world of eSports gaming, Quicken Loans […]

BB&T Taps $50M for Cutting Edge Tech Investments

January 22, 2018
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BB&T

BB&T in Lexington, NC – Photo credit: Dennis Brown. License BB&T has earmarked $50M for a deep dive into “emerging digital technology,” the company announced last week. The bank will look to either invest in, or acquire companies in the space. “The sizable investment” is meant to improve the customer-experience for BB&T’s client base while […]

Fundbox Launches Fuse, A Funding Express Lane Designed to Increase SaaS ‘Stickiness’

January 22, 2018
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company news

Fundbox announced the launch of Fuse, a new credit-integration service, on Monday morning. Via Fuse, SaaS business providers can now access Fundbox from within their workflows with just three lines of code. “For small business owners, the process of applying for financing continues to be an arduous and demotivating journey that for many, does not […]

Holiday Bubble Helped Cause (Routine) Crypto Stumble

January 18, 2018
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Cryptocurrency

Those cherished-yet awkward-family moments you navigated this holiday may be responsible for Bitcoin’s recent rollercoaster ride. While that may be painting with a bit of a broad brush, it does appear that that the post New Year’s dip that befell the cryptocurrency world was tied to a festive hype-bubble. Between Thanksgiving and the December holidays […]

Standard Chartered Names New Global Leader of Transaction Banking

January 17, 2018
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standard chartered

Lisa Robins has been appointed as global head of transaction banking at Standard Chartered, the company announced on Wednesday. A 38-year veteran of international business, Robins joins the Standard Chartered team from Deutsche Bank, where she had served since 2011. Before this tenure, she spent 23 years with JP Morgan Chase. “For more than a […]

CFPB to ‘Reconsider’ Payday Loan Restrictions, is Applauded by CBA

January 17, 2018
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CFPB Logo

The Consumer Financial Protection Bureau (CFPB) will be taking a closer look at the Payday Rule. The legislation, which was finalized in October by former CFPB head Richard Cordray, mandates that lenders must certify that borrowers can afford a loan via background checks before issuing them. Also, the amount of loans to a single customer […]

New Legislation boosts SBA Oversight Over 7(a)

January 17, 2018
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SBA Loans

This month, the Small Business 7(a) Lending Oversight and Reform Act of 2018 was put forth by a bipartisan team of lawmakers. If approved, the bill will increase the Small Business Administration’s (SBA) oversight authority over the 7(a) loan program, which aids small businesses and entrepreneurs as they set out to launch or grow their […]

Alternative Lending Set to Boost Small Business Strength in 2018

January 16, 2018
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Main Street Small Businesses

Small business lending saw a 2017 surge, according to the U.S. Small Business Credit Monthly Report from PayNet, with 11 of 18 sectors experiencing a lending increase over the past 12 months. Experts believe 2018 will continue to foster a friendly environment for smaller enterprises. “A combination of small business optimism and favorable tax changes […]

New Mexico Bill Would Allow State Employees to Repay Loans Via Paychecks

January 15, 2018
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shiprock at sunrise, new mexico

Proposed legislation would enable New Mexico to offer small loans to state employees that are paid back via deductions from their paychecks. Put forth by Democratic state Senator Bill Tallman, the bill would put a 30 percent ceiling on interest rates for loans obtained via the program and limit repayment to 12 percent of gross […]