Finovate

MARCH 5, 2024

Monzo’s post-money valuation is now $5 billion, up from $4.5 The new round boosts Monzo’s post-money valuation to $5 billion (£4 billion), which is up from the $4.5 That’s because, since it was founded in 2015, Monzo has acquired nine million users– two million of which were brought on just last year.

Checks 59

Checks Origination Accounts Rules 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

Neopay

JULY 18, 2024

The Regulation recasts Regulation (EU) 2015/847 and brings the EU’s legal framework in line with the Financial Action Task Force (FATF)’s standards by extending the obligation to include information about the originator and beneficiary to CASPs – the so-called ‘travel rule’.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

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

Fintech Labs Insights

MAY 12, 2015

This post is part of our live coverage of FinovateSpring 2015. Our next presenting company is Top Image Systems , demonstrating its innovation in loan origination technology. Product launch: May 2015. Presenting Taylor Adkins (Technical Product Management) and Alayne Pregeant (Sr. Director, Global Marketing).

Origination 22

Origination Process Automation Volume 22

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 115

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 115

CB Insights

NOVEMBER 1, 2018

An early version, known as Burbn, included check-in features, photo-posting options, and the ability to earn points, among other functions. But Systrom and his co-founder Mike Krieger decided it was too cluttered, so they pared it down to only posting, comment, and liking features — and rebranded as the app users now know as Instagram.

PayPal 76

PayPal Origination Acquirers On-Demand 76

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 Travel Rule 52

Finovate

AUGUST 27, 2024

The bank will leverage Zeta’s Digital Credit as a Service technology, which enables banks to manage a credit product from origination through processing without requiring multiple integrations. Next-generation banking technology company Zeta has partnered with India’s HDFC Bank to power its Credit Line on UPI (CLOU) solutions.

Origination 59

Origination APACS Underwriting Product 59

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 Mobile Banking 58

Finovate

MAY 30, 2024

The bank accounts are held with Reliance-owned Jio Payments Bank, which was granted a banking license by the Reserve Bank of India in 2015. And Paytm, which originally launched as a mobile wallet and payment app, has expanded into a super app by adding banking, financial services, and e-commerce functionalities.

Origination 59

Origination Digital Payments Finance Accounts 59

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

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 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

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 109

FinTech Online and Mobile Banking Blockchain Product 109

PYMNTS

SEPTEMBER 19, 2016

In March 2015, Facebook Messenger began accepting payments. 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. percent in 2015, according to Bloomberg.

Payments 80

Payments P2P Bots PayPal 80

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 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

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

Finovate

AUGUST 27, 2024

Originally founded in 2015, Revolut launched its Revolut Business product in July 2017. Photo by Nothing Ahead The post Visa and Revolut to Offer Real Time Cross-Border Transactions appeared first on Finovate. . “We’re excited to launch Instant Card Transfers in the U.K.

Cross-Border 52

Cross-Border Transactions Multi-Currency Payee 52

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

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 85

Financial Crimes Crime APACS Risk Assessment 85

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

CB Insights

JULY 19, 2017

This post is broken up into sections. Originally opened in 2008 by a group of Googlers who wanted someplace a bit more free-form to do their “20% work.” (“20% work” itself is a form of constant innovation: it’s the 20% of the workweek during which Google employees get to work on projects not directly connected to their core tasks.)

Innovation 74

Innovation Online and Mobile Banking Research Technology 74

PYMNTS

NOVEMBER 25, 2017

The original STEM toy, and part of the first class of toys inducted into the National Toy Hall of Fame (yes, that exists), has actually been around for over 100 years. The first sets were originally patented by Alfred Carlton Gilbert and first sold by his company, the Mysto Manufacturing Company of New Haven, Connecticut in 1913.

Origination 71

Origination Rules CHIPS Innovation 71

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

AUGUST 2, 2016

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. The post Toyota Financial Drives “Data Science for Good” with FICO Analytics appeared first on FICO. It was an interactive, collaborative process.

Consulting 74

Consulting Credit Cards Service Center Continuity 74

CB Insights

DECEMBER 7, 2017

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac. Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years.

Non-Bank 69

Non-Bank Online and Mobile Banking Origination Underwriting 69

FICO

NOVEMBER 15, 2017

This is a guest post from Javier Frassetto, VP of Modeling and Data Science at FICO scoring partner EFL Global. Original module design inspired by Sternberg et al. The post Credit Scoring: Which Personality Traits Predict Credit Risk? EFL recently announced its merger with Lenddo. But what if an applicant is new to credit?

Credit Risk 80

Credit Risk Risk Assessments Financial Inclusion 80

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

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

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

MARCH 26, 2024

Founded in 2015 by Sreevathsa Prabhakar, it is headquartered in Mumbai, India, and serves various regions including North America, Europe, the Middle East, China, and Turkey. #13 12 Servify (India) Servify is a private company that operates as a device management and insurtech platform.

FinTech 100

FinTech APACS Payment APIs and Integration Multi-Currency 100

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

PYMNTS

DECEMBER 10, 2016

and around the world, massive investments from the biggest names in tech, and a seemingly unending pile of praise for the firm that was going lead the charge to reform — for the better — the battered and bruised consumer credit markets in the post-recession world. Loan originations were down, and defaults were higher than expected.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

Fintech News

MARCH 6, 2024

MYbank MYBank was founded in 2015 by Ant Financial, Shanghai Fosun Industrial Technology Development Co., Originally providing online lending services, it has since branched out into payments, credit, and wealth management. Receiving its banking license in November 2015, it had over 250,000 customers by April 2017.

Online and Mobile Banking 136

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 136

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