The Fintech Times

MAY 10, 2024

Adam Kelly, managing director at British Business Investments Adam Kelly , managing director at British Business Investments, also said: “We are excited to continue our support for Beechbrook with a new £20million SMA as they provide essential capital to the UK lower mid-market.

Underserved 68

Underserved Finance Origination Continuity 68

PYMNTS

NOVEMBER 18, 2020

Mortgage originations, including refinances, continued on their upward trend as homeowners continue to take advantage of the low interest-rate environment,” Donghoon Lee , research officer at the New York Fed, said in the report, which tallied numbers through Sept. Mortgage debt hit $9.86 Auto loans hit $1.36 percent in 2019.

Credit Cards 124

Credit Cards Consumer Federal Reserve Fed 124

PYMNTS

NOVEMBER 23, 2017

As of 2017, Thanksgiving’s evolution is continuing forward into the future. Consumers particularly concerned about the ethical origin of their turkey can now use blockchain to learn their bird’s entire life history up until the moment it’s cooked for dinner. drop from last year.

Consumer 52

Consumer Origination Blockchain Economy 52

Fintech Finance

DECEMBER 13, 2023

Trustly , a global leader in Open Banking Payments, is proud to announce that it is seeing tremendous adoption of its Real-Time Payments (RTP®) service and has become one of the largest originators on the RTP® network. Specifically, Trustly’s RTP® volume grew 29% in transaction volume and 31% in payment value from Q2 2023 to Q3 2023.

RTP 52

RTP Volume Real Time Payments Origination 52

Fintech News

MAY 14, 2024

The convergence of exponential increases in processing power, continuous advancements in deep learning and neural networks, and the democratisation of AI tools has fueled a creative explosion in digital media.

Deepfake 112

Deepfake Authentication Verification AI 112

FICO

JANUARY 21, 2020

However, some lenders can miss opportunities by not continuing to monitor those same consumers’ risk profiles once the credit has been granted to them. The Empirica Score features the following two components: An Account Origination score, which rates the risk of a credit applicant at account origination. Source: FICO Blog.

Credit Risk 52

Credit Risk Risk Economy Origination 52

Fintech Labs Insights

MARCH 23, 2017

FinDEVr 2017 New York is in the books. Our second developers conference in New York was a great opportunity to take a look at some of the technologies that continue to drive fintech innovation forward. Visit our FinDEVr London 2017 page for more information. Favorite Startup Company. Media Favorite. If you’re in the U.K.

Fraud Prevention 25

Fraud Prevention Database Cybersecurity Origination 25

Fintech News

FEBRUARY 15, 2024

Despite the notable pullback, fintech continued to see traction from investors, with digital lending in particular witnessing an uptake. The reports also highlight the continued dominance of fintech in the Southeast Asian tech investment landscape, with consumer lending emerging as a favored area of VC investment in 2023.

FinTech 90

FinTech Adjustments Volume Continuity 90

PYMNTS

NOVEMBER 11, 2020

In a bit more granular detail on the credit operations, Mercado Credito was formed in 2017 in Brazil and has been tied to mobile wallet service Mercado Pago. But recent results underscore continued momentum in the loan business. Originations to merchants were up 172 percent. dollars to roughly $14.5 billion.

On-Demand 71

On-Demand Origination Credit Cards Volume 71

Fintech News

MAY 7, 2024

billion, marking the lowest quarterly level since 2017. The startup said it would use the proceeds to continue its international expansion to Southeast Asia, the Middle East, and Africa, and strengthen its global footprint. Established in 2017, AwanTunai is a POS solution aimed at digitizing Indonesia’s vast cash economy.

Payment APIs and Integration 122

Payment APIs and Integration Non-Bank Finance FinTech 122

FICO

AUGUST 15, 2018

As the housing market continues to remain competitive, we looked at key trends in FICO® Score distributions and default rates for those who have proven they would like to and are able to obtain mortgage loans. Figure 1 contains a FICO® Score distribution for mortgages opened in different periods between 2009 to 2017.

Research 53

Research Consumer Origination Underwriting 53

PYMNTS

FEBRUARY 14, 2018

That performance is largely credited to fewer charge-offs and a reduction in the costs of originating loans. 2017 was a transformative year for OnDeck,” CEO Noah Breslow noted at the beginning of his remarks. Originations were up 3 percent over the previous quarter to $546 million. percent of term loan originations.

Origination 40

Origination Cost Structure Small Business Fed 40

PYMNTS

DECEMBER 30, 2019

30) with Citi analyst Jim Suva , who said watch sales will come as a “surprise” to investors during the first fiscal quarter of 2020, which will help Apple’s stocks continue to surge and move the company closer to Suva’s $300 price target. CNBC spoke Monday (Dec.

On-Demand 52

On-Demand Origination Volume Continuity 52

PYMNTS

DECEMBER 30, 2019

30) with Citi analyst Jim Suva , who said watch sales will come as a “surprise” to investors during the first fiscal quarter of 2020, which will help Apple’s stocks continue to surge and move the company closer to Suva’s $300 price target. CNBC spoke Monday (Dec.

On-Demand 52

On-Demand Origination Volume Continuity 52

FICO

NOVEMBER 22, 2018

Many lenders in markets outside the US use FICO® Scores to assess the risk of consumers applying for loan, but don’t continue to monitor those consumers’ risk using the FICO Score. The FICO Score provides two separate scores, tailored for their uses: The Account Origination score rates the risk of a credit applicant at account origination.

Accounts 45

Accounts Origination Risk Credit Risk 45

PYMNTS

MARCH 2, 2018

Today in PYMNTS data, the kiosk market is seeing continued growth and proliferation, the Equifax breach impacted more U.S. individuals whose data was exposed in the 2017 Equifax data breach, up 2.4 million from original estimates. million | Number of U.S.

FinTech 40

FinTech Data Breach Breach Checks 40

CB Insights

JANUARY 31, 2018

Fintech: 2017 Year-in-Review & 2018 Trends. In the briefing we’ll highlight 2017 trends and explore what’s ahead for fintech in 2018, looking across payments, wealth management, insurance, and more. Gray boxes indicate that the company is a new addition (since the start of 2017) to that investor’s portfolio.

FinTech 78

FinTech Blockchain Database Advisors 78

PYMNTS

MARCH 5, 2018

29, 2017, calls for financial institutions that originate ACH payments to register their third-party sender customers through the NACHA Risk Management Portal. The positive response by banks and credit unions in registering more than 9,000 third-party senders demonstrates their continued commitment to ACH quality.”.

Third-Party Sender 40

Third-Party Sender NACHA ACH Credit Union 40

PYMNTS

DECEMBER 21, 2018

In the continuing app wars between the App Store and Google Play, the App Store has the edge when it comes to million-dollar apps, according to reports. The App Store made 143 million-dollar publishers in 2017, and 164 this year. Both app stores continue to grow, in downloads and spending.

Origination 61

Origination Facilitators Continuity 61

Finovate

AUGUST 14, 2024

From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. And recent fintech news headlines have helped remind us all of how broad the frontlines are.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

DECEMBER 1, 2016

The combination of Visa’s global network and Cardinal’s authentication platform will give merchants and issuers an end-to-end view of the transaction regardless of where it originates — reducing the risk of fraud to merchants and issuers and the friction consumers can often encounter when transacting online. fraud protection protocol.

Acquirers 90

Acquirers XML Authentication Issuers 90

PYMNTS

JANUARY 25, 2019

Data that the parties could view on the platform include information about farming practices and commodities origins. “This helps free up cash flow and working capital,” continued Jain, “which our clients and their supply chain can reinvest into their business.”

Blockchain 69

Blockchain Transactions Cross-Border Finance 69

PYMNTS

JANUARY 10, 2020

This partnership will allow us to build on our proven broad-based direct origination capability and rigorous underwriting process while meeting the demands of our borrowers for proprietary middle market corporate loans.” Aflac continues to strengthen its position in middle-market lending.

Finance 52

Finance Underwriting Acquirers Research 52

PYMNTS

JANUARY 10, 2020

This partnership will allow us to build on our proven broad-based direct origination capability and rigorous underwriting process while meeting the demands of our borrowers for proprietary middle-market corporate loans.” Aflac continues to strengthen its position in middle-market lending.

Finance 52

Finance Underwriting Acquirers Research 52

PYMNTS

DECEMBER 6, 2018

Treasury rates continued to slide last week, driven mainly by concerns over slowing global economic growth and U.S. percent between the end of 2017 and the middle of 2018, while the number of mortgage loan originators declined by 7 percent. percent, the average loan size fell to $298,000, the lowest amount since December 2017.

NOV 45

NOV Adjustments Non-Bank Treasury 45

PYMNTS

JANUARY 18, 2018

The survey was conducted in November and December of 2017 and included 22 financial institutions (FIs) that represent 78 percent of the ACH Network origination volume. million in 2017, with the payments adding up to $87.1 In a 2017 interview, Mike Herd, senior vice president at NACHA, noted 43 percent of 125 U.S.-based

NACHA 43

NACHA ACH Same Day ACH Transactions 43

PYMNTS

NOVEMBER 29, 2016

More than 10 design prototypes are currently under consideration for 2017, also featuring a borderless, curved screen with larger displays. However, others doubt the viability of producers to keep up with OLED demand until at least 2018 , so the technology might be a luxury addition instead of a standard feature in 2017.

On-Demand 43

On-Demand Origination Volume Continuity 43

PYMNTS

NOVEMBER 7, 2018

LendingClub reported double-digit loan origination growth in the third quarter, outpaced by a jump over the same period for application. Management pointed to tightening credit standards even as rising rates helped boost results, trends that are likely to continue. The company said it had loan originations of $2.9

Federal Trade Commission 63

Federal Trade Commission Origination Adjustments Risk Management 63

PYMNTS

NOVEMBER 11, 2016

The reimbursement for parents will follow a notice-and-claims process in early 2017. The FTC’s case was originally filed in July 2014, accusing Amazon of allowing children to bill continuous charges while playing “Pet Shop Story” and “Ice Age Village” mobile device games. Coughenour, however, rejected the FTC’s request for $26.5

Federal Trade Commission 50

Federal Trade Commission Procedures Origination Continuity 50

PYMNTS

SEPTEMBER 6, 2018

According to a company blog post , Monese said the funding will be used to continue to develop the next generation of its mobile banking service and make it available to more people around the globe. What’s more, Monese said the number of new monthly customers has been tripling since the end of last year, with strong growth continuing.

Participant 40

Participant Mobile Banking PayPal Origination 40

FICO

JANUARY 4, 2018

Here were the top 5 posts of 2017 in the Risk & Compliance category: US Average FICO Score Hits 700: A Milestone for Consumers. 2017 Banking Regulatory Predictions—Brace for a Sea Change. Daniel Nestel ’s predictions for 2017 involved the Congressional Review Act, cybersecurity legislation, disparate impact and TCPA relief.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

PYMNTS

JANUARY 8, 2020

Against that backdrop, we might see the continued evolution of tax policy tied to crypto, and perhaps more defined parameters of crypto as a distinct class of assets. The decision had originally been scheduled for Dec. 28, but it is now slated for the end of February.

Blockchain 55

Blockchain Compliance Advisors Cryptocurrency 55

PYMNTS

FEBRUARY 25, 2020

The original Go concept is more of a convenience store targeting officer workers. Amazon acquired Whole Foods in 2017. “I Kumar told The Verge that Amazon has no immediate plans to open more grocery stores; however, if the concept is successful, there could be more as the eCommerce giant continues expanding its offline footprint.

Credit Cards 57

Credit Cards Origination Returns Acquirers 57

PYMNTS

JANUARY 6, 2017

CES 2017 continues to be a source for news in tech innovation — especially, it seems, if your company’s name starts with A. That’s right — Chinese original equipment manufacturer Huawei has announced it will pre-load Amazon’s Alexa artificial intelligence (AI) assistant into the U.S.

AI 40

AI Origination Innovation Continuity 40

FICO

AUGUST 14, 2019

With eCommerce driving 39% of luxury sales growth in 2017 , a number that is expected to rise to 59% by 2023, even venerable brick-and-mortar retailers are succumbing to the heat. In 2017, the average online luxury footwear spend increased 4% to $794 , and purchase frequency also increased slightly to 1.6 times per year.

Crime 40

Crime Financial Crimes Transactions Accounts 40

PYMNTS

MAY 8, 2017

With continued strong investor demand, I am pleased with the acceleration we saw as we exited the quarter.”. Net revenue in the first quarter of 2017 was $124.5 Loan originations were down in Q1 — $1.96bn of loans in the most recent quarter, down slightly from the $1.99bn of the fourth quarter. By The Numbers .

Origination 40

Origination Returns Underwriting On-Demand 40

FICO

SEPTEMBER 6, 2017

The US automotive industry has shown immediate interest in FICO's new loan origination solution. Competition in the auto market has been fierce as the number of cars being sold in America in 2017 continues to boom. And watch the video on our FICO® Origination Solution for Automotive Finance. embed][link].

Finance 40

Finance Origination Underwriting Continuity 40