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

FICO

FEBRUARY 22, 2017

Our findings tell an interesting tale: Banks have been mildly decreasing their car loan underwriting standards. As part of our study, we examined underwriting standards during the 2009-2016 timeframe by looking at FICO® Score distributions for consumers who opened new car loans in the prior six months.

Underwriting 56

Underwriting Adjustments Origination Consumer 56

PYMNTS

OCTOBER 2, 2018

Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. These are massively complicated and expensive systems to build.

Underwriting 53

Underwriting Online and Mobile Banking Void Verification 53

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. And it is a decline likely to be felt, as non-bank lenders now represent the majority of mortgage underwriting done in the U.S.

Non-Bank 46

Non-Bank Underwriting Federal Reserve Origination 46

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. Backed by investors such as AC Ventures, Credit Saison, Quona Capital, and Saratoga, JULO is committed to enhancing the accessibility of financial services across Indonesia.

FinTech 119

FinTech Risk Compliance Multi-Currency 119

Fintech News

MARCH 18, 2024

Originally established as Omise in Thailand in 2015, Opn has since expanded its footprint to encompass Japan, Singapore, Malaysia, Indonesia, the Philippines, Vietnam, and the US. With the acquisitions, Roojai became a full digital insurance company with the license to underwrite general insurance products in Thailand.

FinTech 105

FinTech Online and Mobile Banking Blockchain Product 105

PYMNTS

MARCH 2, 2018

” A study by deBanked and Bryant Park Capital in 2016 aimed to assess confidence in the merchant cash advance industry, and found that 91.7 percent of small businesses in Q1 2016 expressed optimism about accessing loans from this segment of the financial services industry. We come in un-collateralized.”

Small Business 47

Small Business Underwriting Database Assessments 47

PYMNTS

FEBRUARY 24, 2016

According to the company, OnDeck saw a 51 percent increase of loan originations compared to the same quarter a year prior, reaching $557 million. The executive pointed to the strategic collaboration with JPMorgan Chase as a highlight of the quarter, a deal that sees OnDeck underwriting small business loans for Chase clients.

Small Business 40

Small Business Underwriting Origination Finance 40

PYMNTS

DECEMBER 10, 2016

But, of course, for those know how the story turned out at Lending Club in 2016, well, the exciting potential quote drew something of a chuckle. When all the shares were accounted for, Lending Club’s original IPO managed to pull in more than $1 billion — slightly beating expectations and making it the seventeenth-largest U.S.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

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

Fintech Labs Insights

MAY 10, 2017

Since it was founded in 2013, Bitbond has originated 1,700 loans to small businesses in 120 countries. Above: Bitbond’s Radko Albrecht (CEO & Founder) and Jarek Nowotka (CTO) debut the company’s automated SME scoring engine at FinovateFall 2016. At FinovateFall 2016, the company launched an automated SME scoring engine.

Cross-Border Payments 20

Cross-Border Payments Small Business Cross-Border Underwriting 20

Fintech Labs Insights

OCTOBER 21, 2015

We’re taking the fintech developer tool showcase to New York March 29 & 30, 2016. Alumni updates: Cloud Lending Solutions announces underwriting and origination upgrades. Are you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. Stay tuned for details.

EMV 24

EMV Underwriting Origination Small Business 24

FICO

JUNE 18, 2018

Banks are identifying, categorising and provisioning NPL more rigorously, and working on standardising and improving work-out, legal enforcement and underwriting processes. These efforts are having an effect, and the total NPL volume fell from its €1 trillion high in 2016, but still exceeds € 840 billion.

Blocks 63

Blocks Non-Bank Risk Volume 63

FICO

JUNE 6, 2016

This is my second blog in a series of five, recapping the key principles in my talk at FICO World 2016. We re-architected FICO® Origination Manager using our own Decision Management Suite, and these best practices to create a new origination solution that would accelerate and streamline deployment for customers.

Best Practices 49

Best Practices Origination Innovation Process 49

Fintech Labs Insights

JANUARY 13, 2016

The year is off to a big start with 24 companies raising $563 million in the first week of 2016. CUneXus , which added $1 million for its loan origination platform. Here are the deals by size from 1 Jan to 8 Jan 2016: CommonBond. Tags: SMB, loans, credit, peer-to-peer, underwriting, crowdfunding, investing. million ($44.7

Underwriting 18

Underwriting P2P Online and Mobile Banking FinTech 18

Fintech Labs Insights

MARCH 6, 2017

This detailed level of account information helps lenders with underwriting, origination, pre-qualification, and account review. Using a co-brandable experience, the reports pull information directly from a prospective borrower’s banks to offer lenders an up-to-date picture of the borrower’s assets, income, and expenses.

Risk 15

Risk Underwriting Advisors Verification 15

PYMNTS

MAY 15, 2017

That news was paired with words from Chief Financial Officer Howard Katzenberg on a conference call with investors that OnDeck’s newly stricter credit requirements would lead to a 20 percent drop in originations in the second quarter from the previous three months. Lower origination volumes were something of a theme of the call. “We

Tax Refunds 40

Tax Refunds Online and Mobile Banking Adjustments Origination 40

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. ‘PayFac’ technology simplifies underwriting and onboarding merchants. TABLE OF CONTENTS. A decade of online payments innovation.

Payment APIs and Integration 98

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

Fintech Labs Insights

JANUARY 4, 2017

Kicking off the company’s demo at FinovateFall 2016 , Sindeo’s co-founder Ori Zohar described a home purchase as “the largest financial decision that most people are going to make in their lives” and added that getting a mortgage is a “difficult and confusing process.” Originating loans in eleven states. $20+

Process 23

Process Advisors CFPB Underwriting 23

Fintech Labs Insights

MAY 19, 2016

This week, 7 deals did not reveal the amount raised including Finovate alum BlueVine which added Citigroup to the $40 million round originally closed last year. Fintech deals by size from 23 April to 29 April 2016: Mosaic. Tags: Consumer, lending, credit, underwriting, healthcare, payments, insurance. ——-.

FinTech 18

FinTech Debit Card Underwriting Non-Bank 18

Finovate

JUNE 26, 2024

The partnership will help property and casualty insurers enhance the pricing, rating, and underwriting process, as well as increase policy personalization. Israel-based Earnix made its Finovate debut at FinovateSpring 2016. Headquartered in Tel Aviv, Israel, and founded in 2001, Earnix made its Finovate debut at FinovateSpring 2016.

Underwriting 59

Underwriting Regulatory Compliance AI Consulting 59

Fintech Labs Insights

APRIL 4, 2016

The company’s real-time platform leverages business activity data to underwrite, originate, and monitor the entire loan lifecycle, providing business owners with funding that accurately meets their business needs. ——– FinovateSpring 2016 is just over a month away. Rob Frohwein is CEO.

Online and Mobile Banking 15

Online and Mobile Banking Small Business Underwriting Innovation 15

PYMNTS

NOVEMBER 29, 2016

Arguments about payday loans have a habit of quickly devolving from polarized to outright acrimonious pretty quickly — and 2016 has seen that habit get very, very ingrained. Luckily, we have a handy roadmap right here — the PYMNTS PayDay Loan Chronicle 2016. Spoiler: The situation is more complicated than you’ve heard.

CFPB 58

CFPB Credit Union Consumer Financial Protection Bureau (CFPB) Regulations 58

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 News

MAY 23, 2024

12 UBS (China) Limited UBS (China) Limited is a wholly-owned subsidiary of UBS AG, was originally established as UBS AG Beijing Branch in 2004 and converted into a locally incorporated entity in 2012 following approval by the former China Banking Regulatory Commission. The Others & Unallocated segment mainly involves equity investments.

Online and Mobile Banking 130

Online and Mobile Banking Treasury Non-Bank Finance 130

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

Fintech Labs Insights

MARCH 1, 2016

Here are the fintech deals by size from 20 Feb to 26 Feb 2016: LoanZen. Tags: Consumer, lending, loans, underwriting, Equitable Bank (investor). And the number of deals is up 70% (167 compared to 98 in 2015). Receivables financing for small business. Latest round: Undisclosed Seed. Total raised: Unknown. HQ: Bangalore, India.

FinTech 15

FinTech ACH Point-of-Sale (POS) B2B 15

CB Insights

DECEMBER 4, 2019

In his 2016 annual letter to shareholders , Bezos outlined Amazon’s goal of expanding Amazon Lending: by continuing to work with partner banks to manage the bulk of the credit, the retailer can mitigate credit risk and calm investor nerves. The bulk of growth in 2017 was to businesses in the US, where the company originated $1B in loans.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Fintech Labs Insights

JULY 21, 2016

The San Francisco-based company offers mortgage lenders white-labeled technology to help efficiently originate loans while giving applicants the smoother user experience they’ve come to expect. Helped originate $6 billion in mortgage loans in Q4 2015. One third of Blend mortgage applications take place on mobile devices.

Process 18

Process Online and Mobile Banking Origination Consumer 18

FICO

JUNE 22, 2016

Pew Research, 2016 ). We feel that a single solution that spans both the marketing and origination processes will deliver the best results. Last year Millennials surpassed Baby Boomers as the largest generation in the U.S. ( Millennials (those born between 1997-1981) now number 75.4 million, just pipping the Boomers at 74.9

Card Issuer 67

Card Issuer Credit Cards Issuers Debit Card 67

PYMNTS

JULY 18, 2017

But the headlines took on a very different tone and intensity during Laplanche’s very public exit from Lending Club — with a scandal involving underwriting and shaky loan sale practices when the firm — and its executives — were found to have sold $22 million in subprime loans against the specific instructions of their investor.

Volume 49

Volume Risk Risk Management Blockchain 49

Fintech Labs Insights

DECEMBER 8, 2015

The San Francisco-based company plans to use the funding to accelerate development of PortfolioQuest , a SaaS-based simulation training product it will demo live at FinovateEurope 2016 in London. BankersLab was founded in 2011.

Underwriting 15

Underwriting Participant Origination FinTech 15

PYMNTS

APRIL 26, 2016

So far, 2016 – a year that is only 16 weeks old – has seen such a staggering amount of drama that it’s hard to recap without sounding like we’re exaggerating. That high default rate is paired with high overhead costs — opening and staffing a physical location is costly and underwriting volume tends to be low by nature.

Credit Union 40

Credit Union CFPB Regulations Underwriting 40

Fintech Labs Insights

APRIL 24, 2017

With this in mind, we looked at trends in digitization, automation, and data integration in mortgagetech through the lens of a pair of FinDEVr alums: a Bay Area startup founded five years ago called Blend ( FDSV16 ) on one hand, and a loan origination specialist that has been in the mortgage business since 1997, Ellie Mae ( FDNY17 ), on the other.

Automation 23

Automation Payment APIs and Integration API Audit 23

Fintech Labs Insights

JULY 14, 2016

Fintech deals by size from 4 June to 10 June, 2016: Tradeshift. Tags: Consumer, lending, credit, underwriting, point-of-sale financing. Total dollars raised YTD is now $16.2 billion, also nearly twice the $8.5 billion raised during the same period a year ago. ——-. Trading platform. Latest round: $75 million Series D. Latest round: $20.6

Underwriting 15

Underwriting FinTech Online and Mobile Banking Debit Card 15

PYMNTS

FEBRUARY 24, 2017

Orbis Research has estimated that the mPOS market is slated to grow by as much as 50 percent, compounded, in a relatively short timeframe, over 2016 to 2020. Americans bought more new cars in 2016 than ever before — a fact often held up as a talisman of consumer confidence. As of the end of 2016, U.S.

Federal Reserve 40

Federal Reserve Push-to-Card Non-Bank Credit Cards 40

CB Insights

FEBRUARY 8, 2018

Cross-border transactions, from payments to letters of credit generated 40% of global payments transactional revenues during 2016. Nearly 10% of Santander’s revenue in 2016 came from international transfers. In 2016, total funds raised from US IPOs dropped to a low of $18.5B, compared to $74.4B Loans and Credit.

Blockchain 78

Blockchain Bitcoin Correspondent Bank Cryptocurrency 78