PYMNTS

MARCH 1, 2019

Point of sale underwriting — installment loans offered to consumers at the point of purchase that let them finance their buy over time, usually three to six months — is more an example of the latter case. Chief among them was was JPMorgan Chase, arguably the most mainstream and established bank in the country.

Finance 63

Finance Identity Theft Push-to-Card Underwriting 63

FICO

NOVEMBER 30, 2022

This represents both an opportunity and a threat for insurers: How can we offer the best product at the best price and reach our intended customers exactly when the need arises? Products that can provide, for example, a back-up, in case of emergency, for college tuition or the unexpected disability are trending. Rodrigo Camargo.

Underwriting 52

Underwriting Database Audit Automation 52

PYMNTS

OCTOBER 17, 2017

million in restitution for making bad recommendations of volatility-linked, exchange-traded products ( ETPs ). In a press release, FINRA said the fine is related to supervisory failures; Wells Fargo representatives didn’t understand the risks associated with investments in the exchange-traded products but still recommended them to clients.

Underwriting 40

Underwriting Authorization Advisors Settlement 40

PYMNTS

NOVEMBER 13, 2018

When PayPal Co-founder Max Levchin launched Affirm in 2012, he had a specific target for disruption in mind: retailer-sponsored financing. Affirm’s flagship product — a point-of-sale (POS) installment lending solution focused on transparency — was created to take on that issue. “We We always want to underwrite the ability to pay.

Consumer 63

Consumer Credit Cards Point-of-Sale (POS) Product 63

PYMNTS

DECEMBER 21, 2018

There is a growing chorus of voices that eschew credit as a “dangerous trap” that lures consumers into spending more than they can afford, in part, they say, because credit products are designed to make repayment expensive and therefore difficult. That’s what credit products can do at their best.

Consumer 74

Consumer Credit Cards Product Underwriting 74

PYMNTS

DECEMBER 17, 2019

CircleUp entered the market in 2012 as a data driven variation on venture capital (VC) funding to solve for part of that problem in retail and consumer packaged goods (CPG) firms. Volume will likely be up notably in 2020 as CircleUp’s lending division recently announced a $200 million funding round to expand its underwriting business.

Underwriting 53

Underwriting PayPal Small Business Volume 53

Fintech News

MAY 23, 2024

The Corporate Banking segment serves corporate clients, governments, and financial institutions with a range of services including accounts, loans, and foreign currency products. Commercial Banking offers a range of banking products and services. Personal Banking offers accounts, savings, cards, and loans to retail customers. #3

Online and Mobile Banking 123

Online and Mobile Banking Treasury Non-Bank Finance 123

CB Insights

DECEMBER 5, 2017

The same group completed fewer than 25 investments in aggregate between 2012 and 2014. Here are a few takeaways from analyzing the graph below, which encompasses over 125 deals: Of the 12 P&C insurers analyzed, Ping An and AXA have been the most active since 2012. Number of investments (since 2012): 2. Allianz Ventures.

Underwriting 28

Underwriting Cybersecurity Innovation Risk 28

CB Insights

OCTOBER 26, 2020

Underwriting an initial public offering (IPO) is a highly profitable business for an investment bank. For this work, the underwriting bank can make tens of millions from an IPO — whether or not the stock performs well. The lingering effects from the Covid-19 pandemic have pushed expected underwriting IPO revenue to just 7.5%

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well. More Controversial .

CFPB 75

CFPB Rules PayPal Debit Card 75

PYMNTS

APRIL 4, 2019

After hitting a peak a little north of $12 trillion in 2008, household debt began contracting in 2008 and kept falling through 2012, according to the Federal Reserve Board ’s Financial Accounts of the United States. The trigger, of course, was the Great Recession and consumers and banks pulling the credit levers back and hard.

Fed 46

Fed Credit Cards Underwriting Federal Reserve 46

CB Insights

JULY 16, 2017

The same group completed 20 investments in aggregate between 2012 and 2014. The current and past investment strategies can inform the thematic areas where we might see P&C insurers invest in the future or where they might eventually make an M&A move, strike a big partnership, or build out new products. Allianz Ventures.

Underwriting 28

Underwriting Cybersecurity Risk Innovation 28

CB Insights

FEBRUARY 13, 2020

The company’s strategy also includes a deference to developers, and a focus on directly serving developers who build websites and applications using Stripe’s product. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. Expanding product suites: Stripe vs. Square.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

OCTOBER 7, 2019

Nav was founded in 2012 as Creditera, an online credit-monitoring service that helped small business owners track their personal and business credit information on one platform. When it took its current name in 2016, the company expanded its offerings to match businesses with different loan products. How Nav Works.

Verification 40

Verification Authentication Small Business Checks 40

Fintech Labs Insights

DECEMBER 8, 2015

BankersLab , the company that refers to its training products as Flight Simulators for Bankers , announced today it closed a round of Angel funding. It has since offered training in acquisition, underwriting, collections, and account management to retail banking and fintech industry participants across 35 countries.

Underwriting 15

Underwriting Participant Origination FinTech 15

Fintech Labs Insights

AUGUST 26, 2020

Stripe (YC 2009) is the most valuable private fintech company outside of China ( see full fintech unicorn list ), valued at $36B in its April 2020 round Coinbase (YC 2012) is the 9th most valuable fintech (outside of China), valued at $8B in its last round (Oct 2018), but most likely above $10B now. Year Fintech. in revenue.

Payment APIs and Integration 12

Payment APIs and Integration FinTech API Credit Cards 12

PYMNTS

DECEMBER 30, 2020

For example, some Wall Street pros attribute big run-ups in stocks like Tesla partly to a “Robinhood effect” — inexperienced Robinhood customers buying tech stocks whose products they’re familiar with, but without regard for a company’s business fundamentals. In fact, big pops mostly just mean that underwriters priced an IPO’s stock too low.

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

PYMNTS

DECEMBER 28, 2018

percent since 2012. Capital One and Discover have both announced that they will be tightening their underwriting standards in the new year, and Goldman Sachs has gone from plans of expanding its online consumer credit product Marcus to plans of reining it in somewhat next year. According to the Federal Reserve , U.S.

Non-Bank 58

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

PYMNTS

AUGUST 14, 2017

billion fine onto Google, claiming that their product carousel ads created an unfair advantage to small guy retailers who didn’t have the money to advertise. Somehow the folks in Brussels missed the fact that Amazon has become a massively successful search destination for product search. The regulators in Europe piled a $2.7

Innovation 43

Innovation P2P Regulations Zelle 43

CB Insights

JUNE 17, 2020

For example, Google announced its acquisition of Fitbit in November 2019 as part of its broader initiative to establish a presence in the healthcare technology space on par with Apple and the Apple Watch product. REMOTE WORK ACCELERATes TRENDS IN PRODUCTIVITY SOFTWARE DEVELOPMENT. Telecommuting tech. Enterprise virtual reality.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Fintech Finance

NOVEMBER 3, 2024

Founded in 2012, Affirm’s mission is to build honest financial products that improve lives. Affirm underwrites every individual transaction before making a real-time credit decision and only approves consumers following an assessment that evidences their ability to repay.

Consumer 80

Consumer Economy Regulatory Compliance Payment Networks 80

Fintech Labs Insights

JULY 21, 2016

In the company’s FinovateSpring 2016 demo , Blend’s Head of Product Pranay Kapadia, speaking about the mortgage application process, asked, “How do we make this financial, stressful transaction as humanistic as possible– so it’s as though you’re working with a financial advisor? 80 employees.

Process 18

Process Online and Mobile Banking Origination Consumer 18

PYMNTS

OCTOBER 21, 2019

Two years later, in 2012, MCX rolled up with much the same ambition, but a different team of rivals: every major merchant in the U.S. market to this day, 10 years after launching its first QR code-based mobile wallet product. The network would run on a card issued by Barclays U.S., and run on the Discover rails.

Innovation 52

Innovation Payments Online and Mobile Banking Mobile Payments 52

PYMNTS

OCTOBER 9, 2018

Lenders who do not want to deal with the more complex underwriting requirements can elect to offer loans lower than $500 or to change their payday loan products into installment loans. billion in 2012 to $5.3 The OCC also revisited its stance on banks and these consumer lending products. The New Financial Instability.

CFPB 56

CFPB OCC Office of the Comptroller of the Currency Rules 56

PYMNTS

DECEMBER 11, 2019

That’s why, she noted, the Opportunity Fund in 2012 created a low-cost lending program for independent truckers to provide them with the funds to either retrofit their existing trucks into compliance with the state’s regulations, if possible, or to put a down payment on a new vehicle if not.

Underwriting 52

Underwriting Rules Underserved Economy 52