Garnet Capital Advisors - Garnet Capital Advisors Blog

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There is naturally a lot of concern and focus on debtors during an economically turbulent time. One must also ask what creditors intend to do about their own portfolios when things start to get a little shaky. The increased concerns about the economy have meant that many debtors have pulled back on their credit card usage, and most are paying down their current balances. It turns out that this is a unique reaction to an economic shock.
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Fintech Economy / Rates

Cooling Consumer Sentiment and Spending Obscures Outlooks for Financial Industry

October 5, 2021

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The OCC has issued its final rule surrounding the "valid-when-made" principle and is clearing up uncertainties regarding which financial institution is considered the true lender in terms of bank-fintech partnerships.
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Fintech

OCC Issues Final Rule on True Lender

November 19, 2020

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The online lending sphere has been the subject of uncertainty regarding its ability to weather the pandemic. But so far, borrowers have been faring better than expected.
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Fintech

Online/Fintech Loans Faring Well in the Pandemic

October 15, 2020

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Fintechs are big competition for traditional banks, particularly when it comes to digital payment platforms. According to a recent poll, payments outweigh lending by a ratio of 2:1 as a perceived fintech competitor to banking.
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Fintech

Banks Carefully Watching Fintech Payment Firms

March 11, 2020

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Many banks have acquired fintechs, but it seems the reverse may also be the truth as fintechs are increasingly buying banks. The trend will help fintechs expand and grow much faster and solidify themselves in the financial industry.
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Fintech

Are More Fintech-Bank Mergers on the Horizon?

March 5, 2020

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Fintechs are being more conservative when it comes to the types of borrowers they lend to in response to investor demands. With fintech lenders tightening up their standards, they're starting to look more like traditional banks.
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Fintech

Fintech Lenders Are Becoming More Like Banks

January 9, 2020

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A recent statement from federal regulators points to the potential use of alternative data in loan underwriting practices to help more consumers gain access to credit.
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Fintech

Regulators Become Open to Fintech Use of Alternative Underwriting Data

January 8, 2020

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New York City is seeing an influx of fintech startups moving their operations out east, though the majority are still in California's Silicon Valley.
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Fintech

New York Seeing Influx of California Fintech Startups

December 24, 2019

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The relationship between fintech firms and traditional banks might still be a relatively new concept, but such partnerships continue to evolve to benefit all involved, including consumers.
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Fintech

Bank-Fintech Partnerships Are Continuing to Evolve

November 19, 2019

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While it has long been assumed that younger consumers don't like or trust big banks, new research suggests that the opposite is true. Big banks and credit unions are still in the game and are still very much in the running to retain current clients and obtain new ones.
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Fintech Trending

Younger Generations Still Trust Big Banks

November 13, 2019

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New lending players have been supplying a large portion of the money in the lending ecosphere, in many cases overshadowing the contribution of banks. But with less regulation in this space, these nonbank finance companies are putting themselves at risk without proper strategies in place to protect themselves.
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Residential Fintech

How Nonbank Lenders Can Reduce Their Risks

July 19, 2019

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Fintech

FinTech, Regulations, and Banking Continue to Converge -- Here's the Latest

June 10, 2019

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FinTechs may have made a splash on the lending scene, but they're having a tough time obtaining a bank charter and entering the banking sphere.
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Fintech

Federal Regulators Gather to Address FinTech Challenges

May 20, 2019

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Partnerships between banks and other financial institutions and technology companies are increasing.
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Fintech

FinTech Partnerships Are on the Rise -- Here's What Banks Can Do to Compete

March 27, 2019

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While some may be in opposition of mobile payment company Square's reapplication to get a bank license, the commotion doesn't seem to be as significant as it has been for prior applications by other non-bank institutions. Could this mean that the banking industry is embracing technology and FinTechs?
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Fintech

The Banking Sector Continues to Embrace Technology

March 19, 2019

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Lessons learned from an e-commerce giant are allowing a new fintech CEO to navigate a turnaround by focusing on the customer experience and several other key factors.
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Fintech

Banks and Ecommerce Are Converging -- Here's How to Join

February 28, 2019

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Banks and FinTechs are increasingly finding synergies in partnerships, rather than competing head to head. The latest is a new subsidiary, ODX, intended to provide online services to small businesses, created by FinTech OnDeck. Given the number of FinTechs searching for partners, though, banks should be careful that they are choosing the right fit from among the available possibilities.
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Fintech

How to Find the Right FinTech Partnership

November 7, 2018

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Small community banks often have neither the funds or ability to expand into FinTech. Regulatory issues often hold them back as well. Yet customers are increasingly embracing the ease and convenience of FinTech, such as online loan applications and online approval. Some observers fear that FinTech may erode community banks’ market share going forward. A FinTech-generated loan product partnership can help community banks reap the rewards of FinTech.
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Fintech

Why Smaller Banks Should Be Investing in FinTech Generated Loans

October 31, 2018

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Big data is more than a buzzword to banks. Rhode Island-based Citizens Bank is just one regional institution that has used data scientists and analytics to build a platform which has enhanced bank earnings by targeting product offerings to customers in the market for them. In the future, fintechs with expertise in big data might make natural partners wanting to follow Citizens’ lead to generate deposits and loans
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