FICO

FEBRUARY 22, 2017

This blog post is the first in a two-part series where I’ll walk you through our findings in greater detail. According to the Ellie Mae’s Origination Insight Report , adjustable-rate mortgages (ARMs) only represent about 4-5% of mortgage originations on a unit basis. I’ll share those findings in my next post.

Underwriting 56

Underwriting Adjustments Origination Consumer 56

Payment Savvy

JUNE 18, 2020

According to analysts, in 2012, it was observed that SWIFT facilitated up to $6 trillion per day. These codes comprise those of an institution, it’s country of origin, location, and Branch. The post What is SWIFT? In 2015, more than 6.1 billion payment instructions were sent through the network. How Does SWIFT Works?

SWIFT 52

SWIFT Funds Transfer Facilitators Correspondent Bank 52

PYMNTS

MAY 6, 2016

The Walmart greeter officially said goodbye in 2012 — but now they’re back. The Walmart greeter was an innovation original to Walmart founder Sam Walmart, but the position was cut four years ago as a cost-saving mechanism and repurposed to store management and customer service functions.

Returns 40

Returns Origination Innovation Continuity 40

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. Mortgage Borrowers: Increases and Decreases to Their FICO Scores.

Research 53

Research Consumer Origination Underwriting 53

PYMNTS

SEPTEMBER 24, 2018

The retail chain originally launched a program called LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. Since its debut, LEASE IT has processed over one million leases, which prompted Sears to offer it on a grander scale.

Credit Cards 70

Credit Cards Digital Currency Process Product 70

CB Insights

SEPTEMBER 22, 2017

As smaller digital media startups focus on short-form video, the big 4 subscription streaming services — Amazon, HBO, Hulu, and Netflix — are competing for market share by doubling down on long-form original content. Apple has reportedly set a budget of roughly $1B for investment into original video programming over the next year.

Origination 45

Origination Research Continuity Accounts 45

Electronic Payments Coalition

MARCH 26, 2024

These rules will maintain core consumer protections and transparency, replacing standards that had been updated in 2012. The settlement represents a major improvement upon the original agreement that was overturned by the Second Circuit in 2016. billion in savings over the next five years. billion in savings over the next five years.

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

PYMNTS

FEBRUARY 27, 2019

and its owner, Naftula Jacobowitz,” whom the FTC said “resolved allegations that they made false and unsubstantiated claims for their garcinia cambogia weight-loss supplement, and that they paid a third-party website to write and post fake reviews on Amazon.com.”. The case involves “Cure Encapsulations, Inc. FTC Penalty. Power of Reviews.

FTC 43

FTC Federal Trade Commission Product Blocks 43

PYMNTS

SEPTEMBER 19, 2016

Then, in 2012, Facebook announced that it would stop its Credits and allow the use of third-party services. Facebook has changed its original strategy of taking a percentage of fees charged to companies for hosting games on the platform to one that now uses chatbots and artificial intelligence in the instant messaging service.

Payments 80

Payments P2P Bots PayPal 80

PYMNTS

AUGUST 13, 2016

It was set during the original Greek Games in 152 BC. Nike 2012: The Gold Standard In Stealing The Spotlight (Part 2). After 1996, the IOC made some changes and while the stricter rules were effective for a while, in 2012 Nike managed its second gold medal in spotlight stealing. That makes 22 career gold medals, and 26 in total.

Rules 40

Rules Legal Origination Posting 40

FICO

AUGUST 2, 2016

I was brought in for Phase 3 of the collections project and we brought in FICO in 2012,” Bander recalls. There was some give and take with FICO; I originally hired FICO consulting to build my vision and laid out the differences between automotive and credit card collections. It was an interactive, collaborative process.

Consulting 74

Consulting Credit Cards Service Center Continuity 74

Fintech Labs Insights

JULY 7, 2016

Auto lending loan origination service (LOS) provider defi SOLUTIONS will soon offer lenders a full-service analytics and reporting platform. The reporting feature of ANALYTICS will enable lenders to track loan originations, as well as credit risk performance and profitability.

Origination 16

Origination Credit Risk Risk Management Consulting 16

Fintech Labs Insights

MAY 18, 2017

Originally developed as an in-house liquidity tool, ALFA is now called Algomi ALFA. Founded in 2012, Algomi has 140 employees with offices in London, New York, and Hong Kong. The post Algomi Acquires AllianceBernstein’s ALFA’s Fixed Income Liquidity and Analytics Tool appeared first on Finovate.

Acquirers 16

Acquirers Blocks Origination Facilitators 16

Fintech Labs Insights

JULY 16, 2015

SME business owners using the platform can sort bills by due date, vendor, and amount; change payment dates and amounts, and originate payments from more than one bank account. The mobile app also provides a complete payment history, including access to the original invoices.

Small Business 21

Small Business Origination Accounts Compliance 21

CB Insights

OCTOBER 29, 2018

On the eve of Yahoo’s acquisition of social networking platform Tumblr, then Yahoo CEO Marissa Mayer wrote a Tumblr post promising “not to screw it up.” Date: March 21, 2012. Date: 2012. Yahoo and Tumblr. Date: May 20, 2013. Price: $1.1B. Zynga and OMGPOP. Price: $210M. a viral gaming hit for iOS and Android.

Acquirers 76

Acquirers Online and Mobile Banking Innovation Non-Bank 76

Fintech Labs Insights

MARCH 3, 2017

million loan originations since launching in 2012. The post LendUp Lands $100 Million Credit Facility appeared first on Finovate. The San Francisco-based startup’s combined debt and equity now totals $325 million. In addition to the financing news, LendUp also surpassed $1 billion across 3.3

API 19

API Credit Cards Origination Finance 19

Fintech Labs Insights

JUNE 24, 2016

Azimo, which is already using AI in an algorithm to detect originality of scanned documents, lets users send money to and from 204 different countries. Founded in 2012, Azimo has raised a total of $40 million and it is estimated to be valued at $100 million. The post Azimo to Launch Facebook Messenger Bot appeared first on Finovate.

Bots 18

Bots Wire Wires Origination 18

Fintech Labs Insights

DECEMBER 7, 2015

It is experiencing 10% growth in loan originations month-over-month. SocietyOne debuted its ClearMatch technology at FinovateAsia 2012 in Singapore. The post SocietyOne Offering Car Loans to Uber Drivers in Australia appeared first on Finovate.

P2P 13

P2P Origination Posting Technology 13

Fintech Labs Insights

FEBRUARY 16, 2017

Founded in 2012, the company debuted a number of new integrations last year, including one with Optimal Blue for mortgage pricing , PCLender for loan origination , and DocMagic for automated mortgage documentation. The post Roostify to Power Self-Serve Mortgage Platform for Chase Bank appeared first on Finovate.

Online and Mobile Banking 16

Online and Mobile Banking Verification Origination Process 16

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

Fintech Labs Insights

JUNE 6, 2016

The two companies originally partnered in April to provide a real-time payments product that offers lower costs, fee transparency, and better liquidity management. Ripple launched in 2012 to offer banks a way to transact directly with each other without the need for a central authority.

Blockchain 16

Blockchain Cross-Border Payments Real Time Payments Cross-Border 16

CB Insights

JULY 31, 2017

Since 2012, Facebook has acquired three startups for $1B or more: photo sharing app Instagram for $1B in Q3’12, messaging company WhatsApp for $16B – $22B in Q1’14, and most recently, VR gaming developer Oculus VR for $2B in Q3’14. Original video content. Original video content — Musical.ly 3D content.

Acquirers 28

Acquirers Origination Phishing Accounts 28

Fintech Labs Insights

MARCH 7, 2016

In a blog post announcing the change , the company’s CEO and co-founder Angus Davis highlights Upserve’s growth serving the restaurant industry, which employs 1 out of every 10 people in the U.S. Upserve presented at FinovateSpring 2012 where it demoed Payment Marketing. Today’s rebranding reflects that focus.

CRM 15

CRM Origination Posting Product 15

Fintech Labs Insights

JULY 18, 2016

Fujitsu will help Cloud Lending Solutions distribute CL Originate , CL Lease , CL Loan , and CL Collections to its large and small business customers in Japanese and ASEAN markets. Founded in 2012 and based in California, Cloud Lending Solutions has raised $8 million.

Origination 13

Origination Small Business Finance Innovation 13

Fintech Labs Insights

JANUARY 28, 2016

The technology helps bank call centers answer key questions: Where does the call originate? Pindrop CEO Vijay Balasubramaniyan ( pictured ) debuted the company’s Fraud Detection System at FinovateFall 2012. The post Pindrop Raises $75 Million for Phone-printing Authentication appeared first on Finovate.

Authentication 14

Authentication Fraud Detection Fraud Prevention Blocks 14

Fintech Labs Insights

SEPTEMBER 9, 2014

The company launched today at TechCrunch Disrupt ( see full presentation here , at bottom of post ). For example, Wells Fargo has a $3,000 minimum deposit and $75 origination fee. Source: NY Times, 6 Feb 2012. That''s created a Catch-22 around new credit that Denver-based startup Self Lender looks to address.

Credit Union 25

Credit Union FDIC Debit Card ACH 25

Fintech Labs Insights

AUGUST 30, 2016

With origins in security and physical access management, BioConnect has developed into a hardware and device-agnostic platform that provides biometric authentication in both physical and digital environments. The post EyeVerify Teams Up with BioConnect to Boost Payment Security appeared first on Finovate.

Payment Security 16

Payment Security Security Encryption Authentication 16

Fintech Labs Insights

JULY 29, 2015

While the first ( on left above ), unveiled in Oct 2012 , was a massive rebuild, the latest is a more of a large remodel. I was not a huge fan of the 2012 version, so I’m glad to see the improvement, especially downsizing the page-dominating login area. My advice, stick to facts, tutorials, and links to third-party resources.

Credit Union 25

Credit Union Credit Cards Checks Accounts 25

CB Insights

AUGUST 16, 2017

The startup originally targeted endocrinology and diabetes care, but has since expanded into new specialties, including primary care and oncology. Symphony (formerly Perzo, founded in 2012) offers a cloud-based communication and content sharing platform for financial services businesses. Symphony communication services. Valuation: $1B.

Payment APIs and Integration 68

Payment APIs and Integration Cybersecurity Fraud Detection On-Demand 68

Fintech Labs Insights

APRIL 25, 2016

In a statement about the hire, Patch of Land co-founder, Jason Fritton highlighted Deitch’s experience in helping lead Oaktree as it doubled its assets under management from $50 billion to $100 billion and successfully launched its IPO in 2012. New mid-term loans of two to five years were launched in March , as well.

Consulting 15

Consulting Origination Returns Continuity 15

CB Insights

NOVEMBER 6, 2018

Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Company Description: Founded in Paris and originally known as Blogmusik, Deezer is an internet-based music streaming service that operates across 180+ countries worldwide. Auto1 Group.

Online and Mobile Banking 76

Online and Mobile Banking FinTech Payment Solutions Debit Card 76

PYMNTS

AUGUST 21, 2017

Over Labor Day weekend in 1995, Pierre Omidyar wrote the original code in his living room for the company that would later become known as eBay. Post the PayPal split, it became the only thing on which that analysts and investors focused. Facebook Gifts was launched in 2012, which sounded like a logical slam dunk for a social platform.

PayPal 51

PayPal Push-to-Card Consumer Acquirers 51

Fintech Labs Insights

AUGUST 18, 2016

Founded in 2012 and originally from the U.K., The post Persado Earns Top 20 Ranking in Inc. More than 80 global brands use Persado’s technology to enhance their marketing initiatives, earning an average conversion lift of more than 49% and an improvement of more than 68% in click-through rates. million). .’s

Push-to-Card 16

Push-to-Card Credit Cards Origination Technology 16

CB Insights

DECEMBER 19, 2017

Mounting debt – Crippling debt, fueled by post-financial crisis leveraged buyouts by private equity firms, has forced many retailers to declare bankruptcy. Summary: Nebraska-based Gordman’s struggled to adapt to e-commerce (it launched an online site in 2015) and experienced declining sales since 2012. Date: April 2017.

Product 78

Product Acquirers Authorization CHIPS 78

PYMNTS

SEPTEMBER 24, 2018

The job description Bell reportedly posted was interesting: qualified candidates must have long arms — switchboards were tall — and be unmarried, since it was a 24/7 job. It was Alexa , not Siri — despite being a part of the iPhone experience since 2012 — that put voice on the map as a powerful consumer access channel.

Consumer 76

Consumer Use Case On-Demand Ubiquitous 76

CB Insights

AUGUST 14, 2017

The startup originally targeted endocrinology and diabetes care, but has since expanded into new specialties, including primary care and oncology. Symphony (formerly Perzo, founded in 2012) offers a cloud-based communication and content sharing platform for financial services businesses. Symphony communication services. Valuation: $1B.

Payment APIs and Integration 28

Payment APIs and Integration Cybersecurity Fraud Detection On-Demand 28

Finovate

AUGUST 14, 2024

Founded in 2012 and headquartered in New York, Socure most recently demoed its technology on the Finovate stage at FinovateFall 2017. Photo by Patrick Tomasso on Unsplash The post 3 Ways Fintechs are Helping Financial Institutions Fight Fraud appeared first on Finovate.

Credential 64

Credential FinTech Deepfake Fraud Detection 64