PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Resolute Bank in Maumee, Ohio closed on Oct.

FDIC 56

FDIC Community Banks Non-Bank NOV 56

PYMNTS

APRIL 28, 2020

Starting last week, the COVID-19 stimulus funds began hitting the bank accounts of citizens nationwide. In 2001, the government gave most households up to $600 ($875 adjusted for inflation) and in 2008 handed out up to $1,200 per household. households. . It is not a completely unprecedented effort on the part of the U.S. government.

Checks 86

Checks Economy Consumer Governance 86

PYMNTS

FEBRUARY 22, 2019

has reached pre-2008 levels, meaning banks are facing risk that is elevated above what has been seen since the financial crisis. The good news, according to Moody’s, is that at this point, their credit analysis of the banking segment indicates that those risks are “contained” over the next 12-18 months.

Risk 46

Risk Mitigation Non-Bank Credit Risk 46

CB Insights

APRIL 22, 2020

SMBs need financing, but many banks have been slow to process loan applications and even slower to disburse funds. Aid-related or not, alternative (non-bank) lenders have an opportunity to step in and demonstrate technological advantage over incumbent lenders through faster loan processing and payment.

FinTech 87

FinTech Processors Governance Government 87

FICO

DECEMBER 8, 2022

During the pandemic, systemic financial assistance programs such as federal stimulus payments and the availability of lender-provided payment accommodations undoubtedly prevented and helped manage the dramatic increases in delinquencies and losses we witnessed in 2008-9. inflation, geopolitical instability, ongoing supply chain issues).

Addressing 52

Addressing Risk Credit Limit Risk Management 52

PYMNTS

AUGUST 30, 2018

Although Deutsche Bank says it knows it cannot return to the market domination it enjoyed before the 2008 financial crisis, according to Reuters reports on Wednesday (Aug. 29), CEO Christian Sewing defended his growth efforts at a recent banking conference. “It especially needs strong banks.”

Federal Reserve 40

Federal Reserve Non-Bank Risk Management Returns 40

PYMNTS

MARCH 10, 2020

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. Beyond Traditional Data.

Underwriting 77

Underwriting Small Business Value Added Service Non-Bank 77

PYMNTS

APRIL 21, 2020

While choice is important for any borrower, the influx of players in the corporate lending market following the 2008 financial crisis made it more difficult for mid-market corporates to ensure that they make an appropriate choice of loan product and service provider. Overwhelming Choice.

Finance 56

Finance Non-Bank Agreements Small Business 56

PYMNTS

APRIL 17, 2018

Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. Big banks have moved away from the segment in general — and from subprime borrowers in specific.

Non-Bank 55

Non-Bank Finance Risk Fed 55

FICO

JUNE 11, 2021

Undoubtedly, systemic financial assistance programs such as federal stimulus payments and the availability of lender-provided payment accommodations have prevented the dramatic increases in delinquencies and losses we witnessed in 2008-9.

Risk 52

Risk Addressing Consumer Financial Protection Bureau (CFPB) Credit Risk 52

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. They can’t hire people; they can’t invest in new plant equipment, so the economy can’t grow.

Credit Union 46

Credit Union Small Business Non-Bank Origination 46

PYMNTS

APRIL 3, 2018

banking group Barclays announced the completion of its “ring-fencing” project, an overhaul of the financial institution’s structuring to prevent some of the scenarios that occurred in the wake of the financial crisis. banks starting Jan. reports said. As well as ensuring that U.K. For Barclays, the process cost nearly $1.4

Posting 40

Posting Non-Bank Push-to-Card Small Business 40

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 129

Online and Mobile Banking Treasury Non-Bank Finance 129

PYMNTS

AUGUST 18, 2017

trillion back in Q3 2008. Was it banks chasing profits they shouldn’t have by allowing consumers to over-leverage themselves — or did consumers let their eyes get bigger than their bank accounts and spend way beyond their means when they knew better? Now it’s up there with student loans and mortgages.”. And right up there it is.

Consumer 43

Consumer Credit Cards Non-Bank Economy 43

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. today are backed by non-bank lenders, Watteeuw noted.

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

PYMNTS

MAY 5, 2017

Although there were early inklings of the technology dating back to 1991, it wasn’t until 2008 when Satoshi Nakamoto implemented it as the base component of bitcoin currency that it really took off. It’s doubly mysterious in that it has no central bank or even a known creator.

Blockchain 44

Blockchain Bitcoin Regulations Push-to-Card 44

PYMNTS

FEBRUARY 14, 2019

He also argued that data from pre-1981, which is when the World Bank began formally collecting data on world poverty, is essentially useless. Among the more interesting takeaways is that for every amount used as a poverty line on the chart, global poverty was lower in 2008 than it was in 1981. The chart is a little difficult to read.

Financial Inclusion 49

Financial Inclusion Non-Bank Consumer Research 49

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The Rundown on the Run-up to the Decisions.

P2P 54

P2P Origination Underwriting Returns 54

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

PYMNTS

JUNE 19, 2017

“Until about 2008 – around right around the time I was graduating from Wharton and working with a tech firm in New York – the Nigerian market was almost entirely cahs. The situation began to shift rapidly 9 years ago when Nigeria’s Central Bank began its officially push to build a cashless economy nationwide.

Online and Mobile Banking 47

Online and Mobile Banking Visa Push-to-Card Non-Bank 47

PYMNTS

JULY 23, 2018

appears to have a population that has its financial act together in the aftermath of 2008’s Great Recession. In fact, this is consistent with data from our Gig Economy Index and the percent of U.S. And provided, of course, the economy keeps humming. The economy sure is humming now. On balance, the U.S.

Finance 49

Finance Credit Cards Push-to-Card Economy 49

PYMNTS

MARCH 12, 2016

This week opened with Hector Barreto — the current Chair of the Latino Coalition and a former SBA Administrator from 2001-2008 – wondering what on Earth had happened to the economic message during this particular election season. OK, it’s not that the economy isn’t important to the election — far from it.

Small Business 21

Small Business Non-Bank Economy Underwriting 21

PYMNTS

JUNE 29, 2017

When the first version of Apple’s App Store launched in 2008, there were only 500 apps in it. Mobile commerce — defined as the purchase of goods and services through mobile apps — represented 90 percent of the total app economy in 2016 and will represent 95 percent in 2021. and (3) facilitated the rapid adoption of mobile banking.

Push-to-Card 60

Push-to-Card Innovation Transactions Consumer 60

PYMNTS

SEPTEMBER 19, 2016

Is it “a bot time” for peeps in payments to get on board and confront the reality that bots are today what apps were in 2007 and 2008? Maybe, in developing economies like China, where digital ecosystems are primitive and bots inside of messaging apps add access and value through that access. So, what gives? and the U.K.,

Bots 79

Bots Credential Online and Mobile Banking Payments 79

CB Insights

FEBRUARY 28, 2019

The result is an eminently quotable collection of homespun investing wisdom: “Price is what you pay, value is what you get.” ( 2008 ). By piling cash into distressed American companies like General Electric, Goldman Sachs, and Bank of America during the 2008 financial crisis, Buffett reportedly made $10B by 2013.

Returns 78

Returns Acquirers Risk Product 78

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

CB Insights

OCTOBER 29, 2018

But money was just the problem: due diligence oversights on Caterpillar’s part and alleged “deliberate, multi-year, coordinated accounting misconduct” at Siwei were uncovered months after the deal closed and Caterpillar took a $580M non-cash goodwill impairment write-down in 2012. Date: Sep 29, 2008. Date: July 1, 2008.

Acquirers 76

Acquirers Online and Mobile Banking Innovation Non-Bank 76

FICO

JUNE 26, 2018

In the past year, three major economies — the Eurozone, the USA and Australia — have gone live with real-time payments schemes, Canada will follow in 2019 and many other countries are on the road to implementing real-time schemes. For example, in the UK victims have looked to the receiving bank for restitution.

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Payments 63

FICO

APRIL 17, 2021

FICO’s optimization and Centralized Decisioning solutions make simulation, optimization, and analytics easy, even for non-technical users like Phil. Margin Call is based on the 2007-2008 financial crisis. 21 is a 2008 film based on the 2003 book, “Beat the House,” the true story of the underground MIT Blackjack Team.

Wires 139

Wires Wire Risk Payroll 139

PYMNTS

JULY 17, 2017

Since the recession of 2008, the retail industry has been in constant flux and has seen a mere two percent expansion over the last eight years. economy is seeing its second consecutive month of retail sales declines. percent spending increase at non-store retailers that includes the online arena. Commerce Department.

Consumer 43

Consumer Federal Reserve Economy Non-Bank 43

PYMNTS

FEBRUARY 1, 2017

Yet, some 50 percent of our economy is comprised of small businesses,” Staut said. So, in 2008, 2009, when lending ceased, Congress convened again and said we need to update this antiquated law.”. Almost 60 percent of new job growth comes from small businesses.

Regulations 58

Regulations Small Business Legal Finance 58

PYMNTS

MARCH 21, 2017

As noted widely across several media outlets, the G20 countries, which as a group includes the biggest individual economies across the globe, have used language in a formal statement issued last week that has been and continues to be widely parsed for its avoidance of the free trade issue. .

Economy 40

Economy Non-Bank Central Bank Agreements 40

CB Insights

OCTOBER 4, 2018

At $150B, the current valuation of Ant trumps the market capitalizations of leading financial institutions around the world, from Goldman Sachs and Morgan Stanley to Banco Santander and The Royal Bank of Canada. When Alipay hit 100M users by 2008, China’s transition to a smartphone-based economy was just starting to take place.

Online and Mobile Banking 78

Online and Mobile Banking FinTech Mobile Payments Regulations 78

CB Insights

NOVEMBER 16, 2017

Mobileye built a successful company in Jerusalem, outside of traditional tech hubs, and raised money from non-traditional investors like Goldman Sachs. By 2008, The Point was struggling. In 2008, Jack Ma and Yu Yongfu met for the first time. An economy that was about to enter a period of 9%-13% growth lasting almost a decade.

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78

CB Insights

OCTOBER 31, 2017

more than we, Kamil Kurmakaev and I, spent since the company’s inception in 2008 till August 2014. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. They have spent (in rubles) twice (!) The whole story.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

PYMNTS

SEPTEMBER 18, 2018

Gig workers have gone from a sliver of the economy to a bonafide force, powered by platforms like Uber , Lyft and Fiverr , not to mention a generation of millennials who had the misfortune of entering the workforce during the Great Recession and resultant unemployment wave. trillion of total U.S. personal income in 2018.

Underwriting 66

Underwriting Economy Verification Risk Assessment 66