Finovate

JANUARY 18, 2024

” Brown founded Digital Onboarding, originally known as SalesBrief, in 2015, along with his co-founder Jonathan Crossman. Photo by Sigmund on Unsplash The post Digital Onboarding Raises $58 Million appeared first on Finovate. Earlier in 2023, Digital Onboarding also signed Jack Henry , Legacy CU, and others.

Credit Union 105

Credit Union Enrollments Origination Participant 105

Neopay

NOVEMBER 27, 2023

It included a proposal for a recast of Regulation (EU) 2015/847, now published in the Official Journal of the European Union since June 2023 as Regulation (EU) 2023/1113. Consultation process Comments to the consultation paper can be sent by clicking on the “send your comments” button on the EBA’s consultation page.

Money Laundering 52

Money Laundering Consulting Finance AML 52

PYMNTS

MAY 2, 2016

2015 was a very good year for T.J.Maxx (TJX). Chain Store Age reported that TJX has jumpstarted an expansion project for Sierra Trading Post (STP), a subsidiary originally acquired in 2012. Now, it looks like 2016 is shaping up to be just as profitable for TJX as last year.

Posting 40

Posting Origination Acquirers Continuity 40

FICO

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. And as our fourth most popular post explains, the average U.S.

Posting 59

Posting Agreements Credit Cards Consumer 59

Fintech Labs Insights

SEPTEMBER 17, 2015

This post is part of our live coverage of FinovateFall 2015. Product Launch: Target Q4 2015. The post Ldger Previews its Cash Flow Automation Platform for Marketplace-Originated Credit appeared first on Finovate. Our next demonstration comes courtesy of Ldger. HQ: New York, NY. Founded: March 2014.

Origination 22

Origination Automation B2B Addressing 22

Finovate

FEBRUARY 13, 2024

” Originally founded in 2016, Wealthify demoed its online investing service at FinovateEurope 2017 and had raised $3.15 ClearBank was founded in 2015 by former Worldpay CEO Nick Ogden. Photo by cottonbro studio The post Wealthify Taps ClearBank to Launch Instant Access Savings Account appeared first on Finovate.

Accounts 59

Accounts API End User Origination 59

Neopay

JANUARY 25, 2024

Legal basis Directive (EU) 2015/849 puts the risk-based approach at the centre of the EU’s anti-money laundering and countering the financing of terrorism (AML/CFT) regime.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

Fintech Labs Insights

JULY 10, 2015

In Q1 2015, Prosper closed its largest quarter so far with $912 million in loan originations on the platform. This week, Prosper announced it has originated more than $4 billion in loans since its 2006 launch. The company now has 457+ employees and, in 2015 alone, has doubled the size of its engineering team.

Origination 28

Origination P2P Volume Checks 28

PYMNTS

JANUARY 27, 2021

Despite the headwinds originally against us, we had a vision, and we never lost our focus. “We chose to enter the market at a time when few were willing to take the chance, and even fewer were succeeding. LoanDepot’s IPO was announced in September, with PYMNTS reporting the company worth as much as $15 billion.

Origination 72

Origination On-Demand Product Service Provider 72

Fintech News

AUGUST 12, 2024

Featured image credit: edited from freepik The post Unveiling Vietnam’s Most Reputable Fintech Companies appeared first on Fintech Singapore. The company leads the consumer finance market with over 21,000 points of sale, 16,000 employees, and more than 12 million customers.

FinTech 111

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 111

Fintech Labs Insights

MAY 24, 2016

Today, the Georgia-based company announced it has originated $2 billion in loans during the past five years. At FinovateSpring 2015, Kabbage launched the Kabbage Card , a payment device that offers businesses immediate access to their loan without the need to transfer funds into a PayPal account.

Origination 15

Origination Underwriting Small Business Adjustments 15

Fintech Labs Insights

JULY 23, 2015

Five Finovate alums – including three innovative bank partners – have made it to the finals of the BAI Global Banking Innovation Awards 2015. ” 2015 marks the fifth year of the The BAI – Infosys Finacle Global Banking Innovation Awards, sponsored by Bank Administration Institute and BAI Center and Infosys. .”

Innovation 24

Innovation Non-Bank Origination Product 24

Finovate

FEBRUARY 6, 2024

Founded in 2015 and headquartered in New York City, Alloy made its Finovate debut at our developers conference, FinDEVrSiliconValley 2016. Today, more than 500 banks and fintechs have partnered with Alloy to manage identity risk at origination as well as throughout the customer lifecycle.

Risk Management 59

Risk Management Risk Embedded Finance Compliance 59

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. Figure 2: Auto finance account origination default rates by FICO® Auto Score 8 and FICO® Resilience Index 2, Oct 07-Oct 09.

Addressing 52

Addressing Risk Underwriting Risk Management 52

Fintech News

MAY 22, 2024

Among the top 50 financial crime tech companies named in FinCrimeTech50 , four originate from APAC and represent the region’s financial crime technology pioneers. Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively.

Financial Crimes 82

Financial Crimes Crime APACS Risk Assessment 82

PYMNTS

FEBRUARY 24, 2016

23), OnDeck published its most recent financial figures, this time from Q4 2015. According to the company, OnDeck saw a 51 percent increase of loan originations compared to the same quarter a year prior, reaching $557 million. billion to small and medium-sized enterprises for the 2015 year, it said. On Tuesday (Feb.

Small Business 40

Small Business Underwriting Origination Finance 40

CB Insights

OCTOBER 31, 2018

SynDaver raised a $3M round in 2015 from angel investor and Shark Tank star Robert Herjavec. In line with the recent surge of consumer and investor interest in craft spirits , Deacon Giles produces a range of artisanal, small-batch “damn righteous spirits,” including its Original Gin and Liquid Damnation Rum. Type: Robotics.

Consumer 53

Consumer Origination Consulting Participant 53

Fintech News

MARCH 18, 2024

Monsinee Nakapanant, co-president of Ascend Money, told the Bangkok Post in May 2023 that TrueMoney aimed to have 50% of the Thai population using its services actively everyday by 2025 and sought to reach profitability that year. In addition, Opn offers consulting services through its Opn Pro brand. Net profit totaled THB 341 million (US$9.5

FinTech 105

FinTech Online and Mobile Banking Blockchain Product 105

Fintech Labs Insights

NOVEMBER 18, 2014

In late summer, I published a two-part post detailing the most important retail banking projects for next year ( here and here ). Note: I penned my favorite report of all time around that theme, Building the Amazon.com of Financial Services ( original in 1998 , updated in 2000.) Case in point: Amazon.com.

Online and Mobile Banking 30

Online and Mobile Banking Non-Bank P2P Consumer 30

FICO

JULY 14, 2016

For example, one global bank spent almost $3 billion on financial crime compliance in 2015, with a department staffed with 9,000 personnel. As a comparative data point, the bank’s 2015 revenues were nearly $60 billion. In 2015 we acquired TONBELLER , an innovator in risk-based financial crime prevention and compliance.

Financial Crimes 66

Financial Crimes Crime Money Laundering Due Diligence 66

FICO

FEBRUARY 23, 2016

The China Financial Certification Authority expects that mobile banking customers will account for around 24% of the total e-banking users in 2015, and that 40% of those will buy financial products through their smartphones. The post How China Minsheng Bank Moved to Instant Credit Decisions appeared first on FICO.

Online and Mobile Banking 58

Online and Mobile Banking Credit Cards Advisors Automation 58

FICO

MAY 11, 2017

I was looking over my blog archives the other day and read this chestnut from December 2015: “With the introduction of EMV in the US, both [card not present and application fraud] are up – especially the sophistication of the synthetic identities used in application fraud.”. The post Application Fraud, Analytics – and Gamecocks?

Fraud Detection 45

Fraud Detection Origination EMV Process 45

FICO

FEBRUARY 25, 2019

Risk in Bankcard Originations on the Rise. Since 2015-2016, we have observed a shift downwards in the relationship between repayment odds (defined as the number of on-time payers for every one defaulter) at a given FICO® Score in the U.S. This shift has been most notable for the bankcard originations population. The post U.S.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

Fintech Labs Insights

SEPTEMBER 16, 2015

This post is part of our live coverage of FinovateFall 2015. Product Launch: January 2015. Metrics: Ormsby Street is founded as a pin-off from BCSG, which owned a simple credit risk product originally dating back to 2008. The post Ormsby Street Presents its New Credit Risk Solution, CreditHQ appeared first on Finovate.

Credit Risk 27

Credit Risk Risk B2C Origination 27

Fintech Labs Insights

FEBRUARY 1, 2016

But there is no better way to describe the more than $3 billion in funding raised by Finovate alums in 2015. We previewed our alum funding for 2015 a few weeks ago with a look at investment in European-based alums. Highlights from 2015: Worldwide, 116 Finovate alums raised $3.1 Now we present the numbers for the entire world.

Acquirers 14

Acquirers Finance Multi-Currency Security 14

PYMNTS

MAY 10, 2016

The Washington Post reported that the FDIC is disclosing to Congress the presence of at least five major data breaches that occurred sometime between now and Oct. In April, the FDIC disclosed the occurrence of a breach by similar means that affected 44,000 agency employees, which makes seven total dating back to the original on Oct.

FDIC 42

FDIC Breach Data Breach Blocks 42

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. The List (2017).

Product 78

Product Acquirers Authorization CHIPS 78

Payment Savvy

JUNE 18, 2020

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

SWIFT 52

SWIFT Funds Transfer Facilitators Correspondent Bank 52

Fintech Labs Insights

AUGUST 19, 2015

Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015 , Oct 6-7 in San Francisco. Inc: Why Fintech Is One of the Most Promising Industries of 2015. FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015. Blockchain achieves 4 million bitcoin wallets.

PayPal 23

PayPal Bitcoin Origination Blockchain 23

Fintech Labs Insights

SEPTEMBER 3, 2015

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Why it’s great: Ldger extends the innovation associated with marketplace lending post-origination, facilitating efficient and transparent access for multilateral participants to sophisticated capital markets. Presenters.

Risk Management 25

Risk Management Origination Facilitators Participant 25

PYMNTS

MAY 15, 2017

The data, which represents 2015 figures — the most recent offered by the FSB — shows a 3.2 The 1 percent decline in loan origination volume posted by Lending Club could have investors worried as analysts said progress for the alternative lender has, on a whole, stalled. percent increase in shadow banking funds. percent of U.K.

Finance 41

Finance Consumer Financial Protection Bureau (CFPB) CFPB Small Business 41

PYMNTS

NOVEMBER 27, 2018

The Mortgage Bankers Association (MBA) reports that new home mortgage originations are at their lowest levels in years. That said, originations are also down 5 percent year on year. percent, according to Freddie Mac – the biggest weekly decline since January 2015. The Supply Side of the Story. according to industry rankings.

Non-Bank 46

Non-Bank Underwriting Federal Reserve Origination 46

PYMNTS

FEBRUARY 6, 2018

To try to increase its market share, A&P came up with a novel way to sell groceries: It decided to sell its most popular items in their original wholesale bulk packaging — for a much cheaper price. The company advertised the concept on TV, producing a spot with Mickey Rooney. Boxed’s sales have been growing. Beyond Boxed and Costco.

Origination 40

Origination Economy Research Product 40

Fintech Labs Insights

DECEMBER 8, 2016

.” Pictured (left to right): Nick Thomas (President, Finicity Data Services) and Chip Whitmer (CTO) demonstrating TxPUSH API at FinovateSpring 2015. To start, Finicity will focus on making the loan origination process more efficient, in part by “digitiz(ing) the legacy pen-and-paper process of asset and income verification.”

API 30

API Verification CHIPS ACH 30

PYMNTS

SEPTEMBER 19, 2016

More than 20,000 potatoes have been sent since the business sprouted in May 2015. 2015 after purchasing it from its original owner, Alex Craig. . People talk about us online, posting on Facebook and Instagram, and then tag us and use our hashtag online,” said Bekhit. “We Revenues are now budding over $25,000 per month.

On-Demand 49

On-Demand Origination Product Innovation 49

Fintech Labs Insights

AUGUST 20, 2015

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Introduces entirely new account origination system, process and experience. The post FinovateFall Sneak Peek: Gro Solutions appeared first on Finovate. Features: Embraces what mobile does well and minimizes its shortcomings.

Online and Mobile Banking 25

Online and Mobile Banking Origination Mobile Banking Accounts 25

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