PYMNTS

AUGUST 28, 2018

As of early 2018, U.S. Small retailers, manufacturers and distributors — they have, frankly, struggled over the last 10 years as the economy has been driven more by the largest businesses,” Kelly King, CEO of BB&T said in a Jan. BB&T is expecting to see loan growth between 2 to 4 percent in 2018. Bancorp said.

Small Business 40

Small Business Debit Card Underwriting On-Demand 40

PYMNTS

NOVEMBER 20, 2018

According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit. This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1

Underwriting 75

Underwriting Origination Credit Cards Credit Limit 75

FICO

MARCH 17, 2021

movement of money) using trade transactions to legitimize their illicit origins. TBML involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth.

Money Laundering 98

Money Laundering Crime Financial Crimes Industry Trends 98

PYMNTS

MAY 7, 2020

The $2 trillion CARES Act has been part of the federal government’s response as the COVID-19 crisis has crashed the economy. However, the erroneous payments to dead people may have come about because the IRS largely sent out payments based on people’s tax returns for 2018 and 2019.

IRS 64

IRS Checks Direct Deposit Returns 64

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Risk in Bankcard Originations on the Rise. This shift has been most notable for the bankcard originations population. 2018 SCE Credit Access Survey.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

PYMNTS

JANUARY 27, 2020

percent increase from 2018. The scheme originated from a number of phishing emails that targeted a handful of employees. The gig economy represents more than one-third of the United States’ total economy, but freelance and contract workers may not have to follow the same obligations as full-time employees.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

FEBRUARY 14, 2018

That performance is largely credited to fewer charge-offs and a reduction in the costs of originating loans. Originations were up 3 percent over the previous quarter to $546 million. percent of term loan originations. After a series of earning performances that left investors disappointed, OnDeck reported a profitable Q4.

Origination 40

Origination Cost Structure Small Business Fed 40

PYMNTS

JANUARY 2, 2020

Founded in 2018 by former Santander and Atom Bank executives, the FinTech has applied for its banking license. economy forward,” said Jonathan Thompson, co-founder and CEO of B-North. startup B-North has raised €2 million ($2.2 This latest funding adds to the €4.9 million B-North raised in previous rounds.

Advisors 52

Advisors Legal Origination Small Business 52

PYMNTS

FEBRUARY 20, 2019

Trust is also an essential factor in the growing gig economy. Being able to receive funds quickly and securely following the completion of a sale, particularly through technologies like real-time push payments, could encourage more big-ticket sellers to participate in online commerce — and have the same impact on the gig economy. .

Economy 43

Economy Transactions Participant P2P 43

PYMNTS

JULY 27, 2018

The digital economy doesn’t depend on just numbers and images. Wordapp, launched about three years ago, fits into the developing economy of gig and freelance work, a world that is both growing and changing. workforce now makes at least 40 percent of their income via gig work, according to the PYMNTS Gig Economy Index.

Payments 51

Payments Economy PayPal Origination 51

PYMNTS

MAY 29, 2020

billion) in one the largest initial public offerings (IPOs) in Europe as of 2018, JDE Peet’s stock surged over 12 percent in its inaugural trading day. The remaining 20 percent originates from “out of home” channels in which consumers purchase coffee in hotels, restaurants, and stores. After it notched €2.25 billion ($2.6

Origination 52

Origination Economy Risk Consumer 52

PYMNTS

JANUARY 28, 2020

The filing shows that for the year that ended in December 2018, sales of $357.9 And in terms of broader market view, the company cites figures estimating that the “global sleep economy” is worth about $432 billion, with the U.S. million were up 42 percent as measured against 2017. at $79 billion of that tally.

Economy 52

Economy Origination Returns Volume 52

PYMNTS

JULY 7, 2018

economy added jobs. The store will open in Fall 2018. From concept to its launch in January of 2018, Amazon Go took five years to make it to market with its first location, found on the ground floor of the firm’s new headquarters. Consumers Are Adding Debt As The Economy Adds Jobs. Amazon Go 2.0 Is Go For Launch.

Payments 44

Payments Origination Economy Consumer 44

Fintech News

JANUARY 4, 2024

: M&A trends in technology, media and telecom, KPMG, Q2 2023 2023 has so far recorded a number of notable M&A deals in the media sector, focusing primarily on streaming, digital media, gaming, emerging economies, adtech, and social media, among other key themes. The company makes most of its revenue from ads and subscription.

FinTech 96

FinTech Acquirers Web 3.0 Volume 96

FICO

MARCH 21, 2023

Here are a few key takeaways about how the secondary market sees the overall state of the economy, the role of credit scores in securitization, and the upcoming transition to FICO® Score 10 T in the conforming mortgage market. Secondary mortgage market participants expect a U.S. recession in 2023. Prior to joining FICO, Ms.

Participant 52

Participant Credit Risk Risk BNPL 52

PYMNTS

MAY 29, 2019

At the time, OnDeck pointed to research from the Equipment Leasing & Finance Association’s 2018 Survey of Equipment Finance Activity, which found that the U.S. saw an estimated $35 billion in equipment loan and lease financing originations under $250,000 in 2017. ”

Finance 51

Finance Small Business Non-Bank Disputes 51

CB Insights

FEBRUARY 13, 2020

Growing the internet economy. Stripe Payouts and Stripe Issuing facilitate the movement of money with instant cashouts for gig economy workers and virtual card issuance, respectively. Stripe is focused on capturing a growing share of future payments volume in an increasingly internet-based economy. Virtual card issuance.

Payment APIs and Integration 98

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

PYMNTS

DECEMBER 24, 2020

And, of course, 2020 was the year that proved everyone’s predictions wrong (except Webster’s, actually, who predicted a banner year for the connected economy and ended up being more spot on than she could have realized at the time). And the changes, now in place, aren’t moving. There’s only going home.

Economy 82

Economy Consumer Shutdown Transactions 82

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. Additionally, as the economy has improved over the past decade, so have mortgage delinquency rates.

Research 53

Research Consumer Origination Underwriting 53

PYMNTS

FEBRUARY 3, 2020

The Coronavirus Continues to Cut Down the Chinese Economy . The emergent form of coronavirus that originated in China’s Wuhan region continues to spread and pick up fatalities. billion stolen from millions of victims in 2019, over three times more than in 2018. Thus far the closures have been big.

Bitcoin 52

Bitcoin Ransomware Crime SARS 52

PYMNTS

SEPTEMBER 25, 2018

lenders and borrowers), let alone on financial stability and the economy at large,” said BIS. For this reason, said BIS, FinTech firms have been partnering with banks to originate loans made online. Given how young the industry is, it is too early to properly evaluate its impact on end users (i.e.

Risk 68

Risk FinTech Non-Bank Volume 68

PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates.

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

PYMNTS

OCTOBER 5, 2020

The icing on the cake was the rescheduling of the James Bond thriller “ No Time To Die ,” Originally, the movie had been scheduled for a November release, which then got moved to April. Cineworld, in fact, is carrying heavy debt due in part to its acquisition of Regal in 2018. Now it’s been bumped to 2021.

Origination 55

Origination Continuity Security Economy 55

PYMNTS

MAY 6, 2020

Dissatisfied with Airbnb and other short-term rental companies, many hosts have created their own direct-booking websites to boost business and end years of frustration with the original online marketplace for lodging and its competitors, according to CNBC. He launched LetsConvention.com in 2018. That’s what host Jim Borthwick did.

Verification 58

Verification Origination Research Payments 58

PYMNTS

MARCH 23, 2018

When we first started the company, this was the goal — build the platform and the technology that would power a new economy for retail,” said Founder and CEO Christine Hunsicker. Founded in 2011, Gwynnie Bee originally served the plus-sized women’s clothing market, but expanded this year to also include sizes zero through eight.

Returns 40

Returns Database Origination Economy 40

FICO

APRIL 28, 2020

They come from all corners of the globe and many varied sectors of the economy. Denise Sleem , functional specialist at Medscheme , 2018 winner. Our winners have innovated in lending, supply chain optimization, customer management, debt collection, fraud and financial inclusion. Sharon Kimathi , editor at FinTech Futures.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

PYMNTS

DECEMBER 7, 2016

It’s a “sharing economy” housing alternative focused on allowing baby boomers to age how they prefer to. Silvernest’s Ceo and cofounder Wendi Burkhardt spoke to PYMNTS about this growing sector, its role in the sharing economy and why the focus doesn’t always need to be on millennials for the future of the housing market.

Economy 70

Economy Checks Verification Product 70

Fintech News

MAY 7, 2024

Established in 2018, HashKey Group is a leading end-to-end digital asset financial services group. Through its software platforms and products, Perfios helps financial institutions take big leaps by shaping their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. It does so by delivering 8.2

Payment APIs and Integration 125

Payment APIs and Integration Non-Bank Finance FinTech 125

PYMNTS

AUGUST 8, 2018

Domino’s had originally planned the two additional centers, which will not be as large as the Edison facility, within five years, but shortened that window due to the rapid increase in business. At the end of the first quarter, Domino’s had begun to test automated phone ordering in about 20 of its corporate stores. Efficient Warehouses.

Economy 43

Economy Origination Volume Automation 43

Fintech Labs Insights

NOVEMBER 16, 2020

I’ve followed Honeycomb Credit since they pitched in the accelerator session at FinovateSpring 2018 (see recording below). It’s a perfect antidote to the pressures of the COVID economy on local businesses. Reference: George Cook of Honeycomb Credit delivers a 3-min pitch @FinovateSpring 2018 (May).

Small Business 15

Small Business FinTech NOV Community Banks 15

PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

FICO

JANUARY 21, 2020

The Empirica Score features the following two components: An Account Origination score, which rates the risk of a credit applicant at account origination. Account Origination Analysis Shows Downward Shift in Risk. Figure 1: Account Origination Score Migration and Drivers. Source: FICO Blog. What’s Behind the Change?

Credit Risk 52

Credit Risk Risk Economy Origination 52

FICO

JANUARY 15, 2021

And while there continues to be uncertainty about the economy, FICO® Scores were steady.As By studying past recessions, we know that in a down economy credit criteria goes up and access to credit goes down as lenders try to mitigate credit risk. lending decisions (Mercator Advisory Group Analyst Report 2018).

Posting 59

Posting Agreements Credit Cards Consumer 59

PYMNTS

MAY 22, 2018

indebtedness in 2018. According to data from Equifax, subprime borrowing in auto lending fell 10 percent year over year between January 2017 and January 2018. Auto lease origination to subprime customers decreased by 13.5 As of Q1 2018, credit card lending growth outstripped auto loan growth for the third consecutive quarter.

Credit Cards 43

Credit Cards Underwriting Credit Union Card Issuer 43

PYMNTS

OCTOBER 21, 2019

Only 75 percent of issuers said they were prepared to make the jump as of the original Sept. Creative app suite provider Adobe has been a key player in the shift toward a platform economy. 14 deadline it had originally set for SCA compliance. Why the delay? 14, 2019 deadline.

Payments Strategy 40

Payments Strategy Authentication Compliance Acquirers 40

PYMNTS

JANUARY 10, 2020

Homesharing platform Airbnb is one of the sharing economy originals, meaning it is well-versed in bringing younger customers newer options over traditional hotels. Such platforms must be able to shift with payment and travel trends, Sam Shrauger, Airbnb’s vice president of payments, explained in a recent interview with PYMNTS. “A

Debit Card 52

Debit Card Payments Authentication Origination 52

PYMNTS

SEPTEMBER 9, 2019

The offering was originally launched as a private beta in October 2018 but was recently made available on Apple’s App Store for the public at large. There’s about $11 billion [AUD] potential in the economy if we get this right,” he noted. What is myGovID? MyGovID is not Australia’s first attempt at an identity program.

Governance 40

Governance Government Verification Security 40