PYMNTS

AUGUST 16, 2019

15) that Hong Kong authorities have reportedly opened an investigation into Chinese banks operating in the city. According to the publication, Hong Kong has commenced multiple probes into Chinese conglomerates’ offshore finances, including the Hong Kong Monetary Authority’s investigation into China Citic Bank International.

Non-Bank 59

Non-Bank Regulations Authorization Origination 59

Fintech News

MAY 7, 2024

Established in 2018, HashKey Group is a leading end-to-end digital asset financial services group. It will also continue to invest in its comprehensive tech stack to power the end-to-end customer journeys across banking, insurance, and embedded commerce. The funding resulted in a pre-money valuation exceeding US$1.2

Payment APIs and Integration 111

Payment APIs and Integration Non-Bank Finance FinTech 111

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

FICO

FEBRUARY 23, 2016

The new data that must be collected from each applicant includes total loan cost, interest rate, loan term, mortgage loan originator identity, property value and credit score. The CFPB is developing a new web-based reporting tool that will be used by all “covered” institutions beginning in 2018.

Consumer Financial Protection Bureau (CFPB) 58

Consumer Financial Protection Bureau (CFPB) CFPB Rules Origination 58

PYMNTS

SEPTEMBER 25, 2018

A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. There are signs, too, that commercial banks have been using FinTech credit innovations to boost their own efficiencies.

Risk 68

Risk FinTech Non-Bank Volume 68

PYMNTS

MARCH 18, 2019

Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

MAY 29, 2019

Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing. 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.

Finance 51

Finance Small Business Non-Bank Disputes 51

Fintech Finance

NOVEMBER 20, 2024

India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide  (NASDAQ: ACIW), an original innovator in global payments technology, in partnership with GlobalData, a leading data and analytics company. Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 In 2023, the U.S.

Scams 84

Scams Real Time Payments Fraud Prevention Fraud Detection 84

PYMNTS

AUGUST 2, 2019

The report, released on July 18, examined collections tradelines – information about a consumer account sent to a credit reporting company, generally on a regular basis – from 2004 to 2018. Buyer tradelines primarily reported banking, retail and financial debt.

Consumer Financial Protection Bureau (CFPB) 43

Consumer Financial Protection Bureau (CFPB) CFPB Non-Bank Origination 43

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. Payments: Mobile is replacing cash.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

PYMNTS

JANUARY 7, 2020

investors are still hot to bankroll up-and-coming companies like challenger bank Chime, The Financial Times (FT) reported on Tuesday (Jan. In nine months, the valuation for Silicon Valley’s Chime grew to four times its original size, with investors offering $1.8 Despite headline-grabbing startup debacles, U.S.

Non-Bank 52

Non-Bank On-Demand Origination Finance 52

FICO

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. But this may not be enough, as pressure is mounting for reimbursement to be mandatory for all banks.

Scams 52

Scams Financial Crimes Non-Bank Crime 52

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

Fintech News

MARCH 26, 2024

The World Bank flagged in October 2023 that the region’s burgeoning economies would decelerate to 4.5% It offers a range of services including a white-label payment gateway for banks and institutions, and an all-inclusive payment gateway solution for merchants. #4

FinTech 82

FinTech APACS Payment APIs and Integration Multi-Currency 82

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. It includes a suite of financial and non-financial crime risk domains with hundreds of risk indicators and controls, though users can also integrate their own. Transparently.AI

Financial Crimes 69

Financial Crimes Crime APACS Risk Assessment 69

PYMNTS

DECEMBER 6, 2018

In fact, non-bank mortgage lenders reported that their numbers fell by about 3.5 percent between the end of 2017 and the middle of 2018, while the number of mortgage loan originators declined by 7 percent. That means about 11,000 workers at those mortgage firms lost their jobs.

NOV 45

NOV Adjustments Non-Bank Treasury 45

PYMNTS

JULY 9, 2019

Facebook Watch , the platform’s video vertical, already offers original programming and creator-generated videos. It launched globally in 2018 after being introduced in 2017 and has a reported 720 million monthly users and over 140 million daily users. By comparison, Google-owned YouTube says it has over 1.9

Non-Bank 43

Non-Bank Origination Payments 43

FICO

JANUARY 4, 2018

2017 Banking Regulatory Predictions—Brace for a Sea Change. About the latter, he wrote, “The Federal Communications Commission has not provided much relief for those seeking legal clarity when using modern technology to communicate important non-telemarketing messages to customers’ mobile phones (e.g., Read the full post.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

FICO

OCTOBER 28, 2018

In this blog post, I explain their usage and particularly how they will operate in the open banking revolution. . Supervised learning is not yet applicable to open banking because historical data is not yet available and the evolution of open banking in terms of adoption is still unclear. Source: FICO Blog. Learn More.

Fraud Detection 52

Fraud Detection Fraud Prevention AI Non-Bank 52

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 88

FinTech Online and Mobile Banking Blockchain Product 88

FICO

APRIL 28, 2020

Customer Onboarding & Management Banreservas , the largest bank in the Dominican Republic, has centralized and automated its credit origination processes, enabling it to assess 80 percent of its loans automatically, increase loans processed by 30 percent and offer up-sells to 47 percent of approved applicants.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

PYMNTS

NOVEMBER 7, 2017

Loan originations were up in Q3, increasing to $531 million in the third quarter of 2017, up 14 percent from Q2. percent of all originations in the marketplace. Breslow said the company would announce its second major bank partnership in the first half of 2018. percent in non-affected areas. . By The Numbers.

Origination 40

Origination Non-Bank Wire Wires 40

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

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. The Rundown on the Run-up to the Decisions.

P2P 54

P2P Origination Underwriting Returns 54

FICO

JUNE 30, 2016

With the adoption of IFRS 9 beginning in 2018, financial institutions will have to model future events and calculate provisions based on expected, rather than current, incurred loss events. The regulation required impacted banks to align to a set of principles of effective risk management and governance by January 2016.

Compliance 45

Compliance Risk Regulatory Compliance Risk Management 45

CB Insights

AUGUST 14, 2018

Even Apple founder Steve Jobs voiced hesitations about variations on the original iPhone, arguing that phones with larger screens would never catch on: “You can’t get your hand around it,” Jobs said when Samsung and Google came out with phones larger than the 3.5” original iPhone. “No No one’s going to buy that.”. We have ‘I’.

Bitcoin 78

Bitcoin Online and Mobile Banking Advisors Origination 78

PYMNTS

SEPTEMBER 7, 2017

Apologies to any Iron Man 3 devotees reading this, but follow-ups just typically don’t have the Jaws of, well, the original. The Same Day ACH Phase 1 rollout] was kind of a non-event because not a lot of things went wrong,” Steele said. For banks, Same Day ACH debits mean incremental change. And, come on — four Chipmunks movies?

Same Day ACH 45

Same Day ACH ACH NACHA ACH Network 45

PYMNTS

JUNE 27, 2019

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

Blockchain 59

Blockchain Digital Payments Instant Payments Online and Mobile Banking 59

Fintech Labs Insights

OCTOBER 17, 2020

A startup from Little Rock, Arkansas, founded by West African immigrants, tackling a huge and important problem, managing the global banking & money transfers for NGOs. In its pitch ( above ), AidBanc outlines how World Vision has 2,000 bank accounts with more than 200 financial institutions in 100 countries. Funding: $120k.

Non-Bank 15

Non-Bank FinTech Cross-Border Payments Cross-Border 15

PYMNTS

APRIL 6, 2019

While this is a fact well-known to art collectors, even non-collectors got a taste of just how weird things can get earlier this year, when internationally renowned artist/prankster Banksy sold a painting at auction that immediately self-destructed upon its sale. The art world can be a strange place. The not-so-good news?

Rules 59

Rules Origination Acquirers On-Demand 59

PYMNTS

JANUARY 22, 2019

After that point, the users get cash back whenever they shop at that brand — funds that can be sent to a user’s bank account, PayPal account or to the charity of their choice. . Non-prime members carrying the Amazon Rewards Visa’s also grabbed a Whole Foods perk, with 3 percent cash back. . The Good Old-Fashioned Value Of Choice.

Credit Cards 60

Credit Cards Push-to-Card Cryptocurrency Non-Bank 60

PYMNTS

JANUARY 28, 2019

Though Capital One had lots of positive forward-looking statements to make after releasing its Q4 earnings information last week, its stock sank as what investors and analysts most noted was that the bank missed on both earnings and revenue. EPS came in at $1.87, not including non-recurring gains, well below analyst expectations of $2.41.

Money Laundering 51

Money Laundering Visa Credit Cards Regulations 51

FICO

DECEMBER 13, 2022

Then, in 2018, Google presented a service called Duplex that enabled customers to use Google Assistant to make appointments for hair and restaurants, etc. And, at FICO, we believe it’s only a matter of time before the banking industry is replicating this kind of AI for collections. 25% increase in resolution rate in 30+ days past due.

Consulting 52

Consulting Best Practices Research Automation 52

FICO

DECEMBER 9, 2019

Debts in the UK, including credit card debt and personal loans, rose 11% to £119bn in the two years to March 2018, according to the ONS. When a downturn hits, typical action / non-action happens. We may see more special purpose vehicles — “bad banks” — being set up if they can’t sell the debt. Consumer Indebtedness.

Risk 52

Risk AI Non-Bank Push-to-Card 52

FICO

JANUARY 15, 2021

Sally notes that analysis of FICO® Resilience Index data by Tom Parrent, former chief risk officer for Genworth Financial, shows that from 2010 to 2015, nearly 600,000 additional mortgages could have been originated to consumers with FICO® Scores between 680 and 699, had the FICO® Resilience Index been available to lenders at the time.

Posting 59

Posting Agreements Credit Cards Consumer 59

PYMNTS

NOVEMBER 28, 2017

Car-shopping app Fair was launched in Los Angeles in September by Scott Painter, Fair founder and former CEO of TrueCar, with plans to expand to more markets in 2018. Funds are electronically withdrawn from a consumer’s bank account with future payments made on a monthly basis. percent compared to the 12.09 of Gen Xers.

Payment APIs and Integration 41

Payment APIs and Integration Consumer Non-Bank Agreements 41

PYMNTS

JULY 1, 2019

Instead, it was an ecosystem of apps that they used regularly and could access on their mobile phones: Uber, Amazon, Walmart, PayPal, Square, banking apps, OpenTable, Facebook, Instagram, Google, Venmo – and yes, WhatsApp and Messenger, to name but a few. Just like WeChat did. Monetization strategy, however, has yet to click.

Bots 62

Bots Online and Mobile Banking Regulations PayPal 62