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FICO® Resilience Index - Benchmarking Portfolio Resilience

FICO

Spanning a series of five industry snapshots between 2007 and 2022, these analyses give lenders the ability to identify strengths and potential vulnerabilities in their resilience profiles relative to the industry’s. Figure 2: Average FICO® Resilience Index 2 by snapshot, all industries account management vs account origination.

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Unveiling Vietnam’s Most Reputable Fintech Companies

Fintech News

Top 5 most popular e-payment brands in Vietnam based on their online reputation (June 2024) MoMo (M_Service): A leading super app and one of the fastest-growing fintech companies in Vietnam established in 2007. VTC Pay: A leading payment gateway, VTC Pay has over 3 million activated e-wallets and claims over US$5 million in monthly cash flow.

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Lending Club Reports Growth in Revenues, Originations for Q2 2015

Fintech Labs Insights

billion in total originations. Originations increased by 90% year over year ($1.9 Founded in 2006 and headquartered in Sunnyvale, California, LendingClub demonstrated its platform at the first Finovate in 2007. The post Lending Club Reports Growth in Revenues, Originations for Q2 2015 appeared first on Finovate.

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Household Debt Exceeds $14T After 2019 Spike

PYMNTS

The last time there was that much of an increase was in 2007, when debt topped $1 trillion. The growth was mainly driven by mortgage debt balances, which went up $433 billion – again, the largest gain since 2007. In 2019, balances surpassed $14 trillion for the first time. Housing debt now makes up $9.95 billion of the entire balance.

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Prosper’s Growth History: $4 Billion in Loan Originations Since Launch

Fintech Labs Insights

In Q1 2015, Prosper closed its largest quarter so far with $912 million in loan originations on the platform. This week, Prosper announced it has originated more than $4 billion in loans since its 2006 launch. Prosper debuted at the first Finovate event in 2007 in New York. At the time, this was a record and rang in at 3.5

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EU Probe: Danske Ignored Russia’s Money Laundering Warnings

PYMNTS

The warnings were sent in 2007 and 2013, and the information stems from the outcome of an investigation by the European Banking Authority (EBA). According to the document, Danske Bank was warned by the Russian bank after it acquired Finland’s Sampo Bank and its Estonian business in February 2007.

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Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)

FICO

However, in the stressed economy of 2007-9, this would have aligned with a FICO Score cut-off of 720 or higher. Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off. Cells are highlighted where the expected default rate is below 3%.