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

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 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. Those effects, however, were short-lived.

P2P 54

P2P Origination Underwriting Returns 54

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking are well funded: Collectively, these 61 startups have raised $3B across 173 deals since 2013. SMBs and SMEs are typically underserved by banks because they generate less revenue for banks and are riskier to underwrite. SMBs and SMEs have been a hotbed for fintech activity in 2018.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

CB Insights

FEBRUARY 13, 2020

‘PayFac’ technology simplifies underwriting and onboarding. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. The company was ultimately acquired by PayPal in 2013, and now represents a sizable chunk of its merchant business. TABLE OF CONTENTS.

Payment APIs and Integration 98

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

PYMNTS

APRIL 30, 2018

LendingClub is considered one of the pioneers in marketplace lending — a supposedly disruptive model that wasn’t about lending money and making money the good, old-fashioned way, but about creating a tech-driven front and back end to originate loans and then making money when those loans are sold, offered to investors, traded and then serviced.

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73

Fintech Labs Insights

MAY 10, 2017

Since it was founded in 2013, Bitbond has originated 1,700 loans to small businesses in 120 countries. Because Bitbond requires less manual involvement than traditional underwriting methods, it also has the advantage of scalability. It does so by connecting small business owners with individual and institutional investors.

Cross-Border Payments 20

Cross-Border Payments Small Business Cross-Border Underwriting 20

FICO

JULY 15, 2022

I'm happy to announce that we've completed the pilot of UltraFICO TM Score, where over 35,000 consumers shared their data with lenders and lenders were able to integrate this advanced technology into their underwriting workflows to safely grant credit where they may have previously declined. The importance of integrity.

Financial Inclusion 52

Financial Inclusion Underserved Consumer Innovation 52

PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. The assumption was they were going to be better at underwriting the risk of those consumers,” Continental Advisors’ Managing Partner Paul Purcell told PYMNTS in an interview shortly after the news broke. “If

Underwriting 41

Underwriting Audit Risk Compliance 41

Wharton Fintech

NOVEMBER 13, 2023

And so I ended up leaving back in 2013 to start a fintech company with my friend Peyton who had been a few years older than me at school and had studied computer science. They ended up getting acquired by Braintree and then PayPal at the end of 2013. He had worked at D.E. So Intuit had just launched the QuickBooks API.

FinTech 52

FinTech Small Business Payment APIs and Integration Laws 52

CB Insights

JUNE 17, 2020

Despite the rising popularity of virtual workout options — most prominently embodied by Peloton — boutique brick-and-mortar fitness was in a period of rapid growth prior to the crisis, with memberships growing over 120% from 2013 to 2017, according to Bloomberg.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Fintech News

FEBRUARY 27, 2024

Originating from Melbourne, Airwallex has swiftly expanded in eight years, providing businesses with international money transfer services and multi-currency accounts. Nium Singapore’s Nium , a payments fintech, is on the path to becoming a publicly traded entity within two years.

FinTech 107

FinTech Risk Compliance Federal Reserve 107

Fintech Labs Insights

MAY 30, 2017

“That way we’re able to filter out any of the results that don’t necessarily match to their underwriting interests.” “Users can easily compare their APRs, loan amounts, payments, even their total repayment costs, origination fees, and other details for the loan,” Lulic said. .” Company facts.

Process 22

Process Credit Union Consumer Underwriting 22

PYMNTS

MARCH 7, 2016

Yes, the sobering reality of having to really make money has become an unwelcome wake-up call for those who masked the real value of their business with the never-ending piles of VC cash that just kept underwriting losses and kicked the revenue can way down the road. SHOULDN’T WE BE PROTECTING MORE THAN JUST PAYMENTS DATA? Here in the U.S.,

Online and Mobile Banking 46

Online and Mobile Banking Payments Financial Inclusion Same Day ACH 46

PYMNTS

OCTOBER 11, 2017

That is important, he said, because if there is any regulatory uncertainy, it becomes very difficult to underwrite or originate small loans. If a bank has to manually underwrite lots of little loans for short periods of time, it chews up any profit they might make in offering a more reasonably priced alternative to payday lenders.

Rules 43

Rules CFPB NCUA Credit Union 43