Fintech Labs Insights

MAY 24, 2016

Small business funding platform Kabbage was founded in 2009 with a mission to use big data to help underwrite small business loans. Today, the Georgia-based company announced it has originated $2 billion in loans during the past five years. The 75,000 small business customers on Kabbage’s platform hail from all 50 U.S.

Origination 15

Origination Underwriting Small Business Adjustments 15

FICO

DECEMBER 8, 2022

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. Default rates by FICO® Auto Score 8 and FICO® Resilience Index 2 – stressed economy (Oct 2007 to Oct 2009). Cells are highlighted where the expected default rate is below 3%.

Addressing 52

Addressing Risk Underwriting Risk Management 52

PYMNTS

OCTOBER 12, 2016

The deal was originally announced in June, but no purchase price was disclosed, although it was believed to be around $30 million at the time. One Kings Lane was founded in 2009 by Ali Pincus and Susan Feldman and rose to prominence on its limited-time flash sales of upscale furniture and home décor items at heavily discounted prices.

Acquirers 53

Acquirers Origination 53

The Finance Weekly

MARCH 6, 2022

companies from 2009 to 2019, and found that female CFOs in general gave more concise responses backed by numbers- making them more straightforward and to the point. It was originally developed for previous research to analyze quarterly earning calls and in order to find the different patterns for men and women.

Research 105

Research Origination Authorization Continuity 105

FICO

OCTOBER 19, 2022

Figure 2: Average FICO® Resilience Index 2 by snapshot, all industries account management vs account origination. Figure 5: Average FICO® Resilience Index 2, overall and balance-weighted, all industries account management (Apr 2022 score date) vs account origination (Jan 2022). FICO® Resilience Index trends by FICO® Score band.

Origination 52

Origination Accounts Correspondent Credit Risk 52

FICO

FEBRUARY 25, 2019

Risk in Bankcard Originations on the Rise. This shift has been most notable for the bankcard originations population. Per figure 1 below, the shift in odds-to-score for bankcard originations has generally been a parallel one, indicating a systemic shift in risk across the board. 2018 SCE Credit Access Survey.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. Here are our top 5 posts from 2020.

Posting 52

Posting Origination Online and Mobile Banking Assessments 52

PYMNTS

NOVEMBER 20, 2018

In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1 percent.

Underwriting 75

Underwriting Origination Credit Cards Credit Limit 75

PYMNTS

SEPTEMBER 29, 2016

Back in 2009, that’s what NerdWallet did. Seeing NerdWallet grow from a singular credit cards tool in 2009 to providing content and tools across 11 personal finance topics today is something I have great pride in,” said Tim Chen, CEO and cofounder of NerdWallet. So, what’s a good startup idea? A personal finance site. Its mission?

Credit Cards 71

Credit Cards Finance Origination Consumer 71

PYMNTS

JANUARY 9, 2020

This isn’t Amazon’s first attempt at breaking into the luxury fashion market – the retail giant originally tried in 2012, but was not successful. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

P2P 55

P2P Duplicate Origination Economy 55

PYMNTS

NOVEMBER 14, 2016

Nordstrom bought Trunk Club just two years ago for $350 million, and now, the department store says the purchase stands at half of its original value. Founded in 2009 by then-MBA student Joanna Van Vleck, the personalized clothing service was originally based in Oregon and moved to a Chicago headquarters after U.S.

Origination 46

Origination Acquirers 46

FICO

AUGUST 15, 2018

The first clear trend observed around newly originated mortgages is that as we get further away from the Great Recession, underwriting criteria seems to have eased and a broader section of consumers are obtaining mortgages as a result. Figure 1 contains a FICO® Score distribution for mortgages opened in different periods between 2009 to 2017.

Research 53

Research Consumer Origination Underwriting 53

Fintech Labs Insights

NOVEMBER 8, 2021

SmartBiz Loans, originally founded in 2009 as BillFloat by Ryan Gilbert and Sean O’Malley. Founded: 2009 (originally as BillFloat). I first met Ryan in 2010 when BillFloat debuted at FinovateFall 2010 and then again in 2011 at FinovateSpring ( see demo video above ). the so-called payday lending space). Company Vitals.

Small Business 15

Small Business Origination NOV Advisors 15

Finovate

AUGUST 14, 2024

” Headquartered in Plano, Texas, Alkami made its Finovate debut in 2009 as “IThryv.” . “Our goal is to help our customers manage security while providing the best experiences for their account holders.” ” Alex Shootman is CEO.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

NOVEMBER 8, 2019

The event was started in 2009 by then-Chairman and CEO Daniel Zhang. According to CNBC , Singles Day was originally launched for people not in a romantic relationship to celebrate themselves by making web purchases. He is reportedly looking to make about $15 billion through a share sale. This year will be the 11th 11.11 Think of 11.11

NOV 42

NOV Participant SWIFT Origination 42

FICO

JANUARY 7, 2020

Since bottoming out at 686 in Oct 2009, there have been nine consecutive years of increases in the national average FICO Score,” writes Ethan Dornhelm. Risk in Bankcard Originations on the Rise. Here are the 5 FICO® Score posts from 2019 with the most views on the FICO blog. Average U.S. FICO Score Ticks Up to 706. The average U.S.

Posting 52

Posting Innovation AI Risk 52

PYMNTS

JULY 3, 2020

You may recall that 2009 was part of another economic downturn.). bookings have been for trips within 300 miles from the origin. We’re in the long Independence Day weekend, of course. The coronavirus has taken a bit from holiday travel, as AAA estimates that we’ll see the first decline in the season’s travel in 11 years.

Origination 80

Origination Consumer Accounts Payments 80

Fintech News

JUNE 18, 2024

Originally from Sydney, Nestor’s 25-year career has seen her leading marketing teams across APAC in the financial services, technology, and hospitality industries, including 13 years at American Express in Australia and Hong Kong SAR, and stints at Hilton and eBay. He is also a director of various companies within the group.

APACS 107

APACS Visa SARS Credit Cards 107

Finovate

JULY 26, 2024

MAS originally pledged 150 million Singaporean dollars to the scheme over a three-year period, and this month’s investment is an addition to that amount. The firm has been named “Safest Bank in Asia” by Global Finance for 15 consecutive years from 2009 to 2023. The FSTI 3.0

AI 72

AI Cross-Border Payment APIs and Integration Multi-Currency 72

PYMNTS

APRIL 13, 2018

The original account analysis reviewed 93.5 The original account analysis reviewed 93.5 The expanded analysis reviewed more than 165 million retail banking accounts opened over a nearly eight-year period — from January 2009 through September 2016 — and identified a new total of approximately 3.5 The third party found 1.4

Office of the Comptroller of the Currency 46

Office of the Comptroller of the Currency OCC CFPB Account Analysis 46

FICO

FEBRUARY 22, 2017

As part of our study, we examined underwriting standards during the 2009-2016 timeframe by looking at FICO® Score distributions for consumers who opened new car loans in the prior six months. This blog post is the first in a two-part series where I’ll walk you through our findings in greater detail.

Underwriting 56

Underwriting Adjustments Origination Consumer 56

CB Insights

JULY 18, 2018

In a 2009 interview , Airbnb co-founder and chief product officer Joe Gebbia said “The story that we tell has a very human element to it — people connecting online, meeting in person, being resourceful.” ” Hence, the company’s original slogan: “Travel like a human.” Website as of: July 2009.

Bitcoin 65

Bitcoin CRM Checks Cybersecurity 65

PYMNTS

MARCH 9, 2018

Now, the company will follow CEO Chieh Huang’s original strategy: He wished that the company stay private and then go public in the future. Lore is known for founding Diapers.com, which he sold to Amazon in 2009. Compared to Amazon, Boxed offers fewer products – and items in bulk sizes.

Origination 43

Origination Participant Product Technology 43

PYMNTS

JULY 20, 2018

The platform was originally launched in 2010 as a venture between eBay and Young Bae Ku, the founder of Gmarket. eBay had previously acquired Gmarket in 2009. That funding round also included Saban Capital Group, UVM 2 Venture Investments L.P., Brookside Capital and Oak Investment Partners.

Acquirers 41

Acquirers PayPal Volume Processors 41

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 DOJ Finding. Those effects, however, were short-lived.

P2P 54

P2P Origination Underwriting Returns 54

PYMNTS

AUGUST 12, 2016

The portfolios are originated by some of the biggest U.S. The 60-day and above delinquencies have decreased to less than a percent at 93 basis points, which is down one basis point sequentially. The delinquency index, at 2.1 percent below prior-year levels, is also nicely lower than the 4.5 percent peak that was reached in Dec.

Credit Cards 40

Credit Cards Payments Origination Accounts 40

PYMNTS

APRIL 27, 2020

This translates to roughly $80 billion of volume, topping the previous high of $78 billion in 2009, and nearly doubling the amount originally anticipated this year,” per the report. In the meantime, Fitch Ratings last month raised its 2020 institutional term loan default rate forecast to 5 percent to 6 percent.

Economy 60

Economy Origination Volume Governance 60

PYMNTS

DECEMBER 5, 2016

GDP, has fallen to about 1 percent since the end of the recession in 2009. The subset of borrowers with scores below 700 made up just 15 percent of loan originations. That’s because single-family home building, which usually accounts for 2 percent of the U.S. Analysts at Pacific Investment Management have estimated that as many as 1.4

Federal Reserve 57

Federal Reserve Origination Risk Accounts 57

FICO

JUNE 22, 2016

There is no doubt that the Card Act of 2009 reduced the number of credit card carrying adults under the age of 21 which was its intended impact. We feel that a single solution that spans both the marketing and origination processes will deliver the best results. However, new FICO research points to just the opposite.

Card Issuer 67

Card Issuer Credit Cards Issuers Debit Card 67

Fintech Labs Insights

JULY 30, 2024

Lendio FAB Score = 124 (up 16) – HQ: Salt Lake City, Utah – Founded: 2011 (originally founded in 2006 as FundingUtah). CAN Capital FAB Score = 127 (down 1) – HQ: Atlanta – Founded: 1998 – Raised: $1.0B 1,085 reviews, up 35) 7. 792 reviews, up 26 since Nov) 19. 29 reviews, unchanged) 25. 16,400 reviews, unchanged)26 (tie). 26 (tie).

Small Business 29

Small Business NOV Acquirers Origination 29

PYMNTS

MARCH 18, 2019

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

Money Laundering 72

Money Laundering Automation AML Compliance 72

PYMNTS

APRIL 22, 2020

Notwithstanding the origin of the coronavirus, the large-scale outbreak can be primarily attributed to highly increased mobility (airplane and high-speed rail in China, especially), resulting in a higher concentration of people, and a lagging behavioral change in personal sanitation and isolation. 2000 was the year when Yahoo!

Zelle 74

Zelle Governance Government Venmo 74

PYMNTS

OCTOBER 6, 2018

The More Dramatic Original . The original Bling Ring also had a few more bizarre twists and turns, including an impassioned voicemail from one of its members on what she felt was an unflattering portrayal of her story in the Vanity Fair piece. Stealing stuff, Atkinson noted, is often much, much easier than selling it.

Origination 59

Origination Crime Participant Authorization 59

PYMNTS

JUNE 10, 2019

The group has evolved from a “one-man shop” that originally scammed victims on Craigslist , and now has dozens of fraudsters targeting smaller firms through BEC — with an emphasis on U.S. According to the site, the group is called Scattered Canary, and has plied its BEC trade over the past decade. companies and government agencies.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

PYMNTS

OCTOBER 21, 2019

Look back to 2009, when peerTransfer was just an idea at the Massachusetts Institute of Technology. In addition, many hospitals maintain academic affiliations, he noted, which dovetailed with Flywire’s original targeted vertical. Call it a microcosm of payments change, as seen through the lens of a single company.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Payments Reconciliation 40

PYMNTS

SEPTEMBER 14, 2016

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5

Fraud Prevention 77

Fraud Prevention Faster Payments Push-to-Card Payments 77

PYMNTS

DECEMBER 20, 2019

In 2009, the sharing economy was in its earliest days — Uber had just been founded, Airbnb was less than a year old, and the conversation about how to make anything and everything shareable (instead of owned) had not quite begun.

Economy 53

Economy Consumer On-Demand Origination 53