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

DECEMBER 27, 2020

While TIDAL doesn’t give out subscriber, user or financial data, its website claims to have more than 70 million songs and 250,000 high-quality videos in its catalog, along with original video series and podcasts. Sound Is Booming. that year, although its overall revenue grew by 25 percent.

Mobile Payments 139

Mobile Payments Bitcoin Origination Payments 139

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. Highlights from the fintech 250 Class of 2018. valuation from December 2018.

FinTech 80

FinTech Debit Card Payment APIs and Integration Push-to-Card 80

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

JULY 10, 2020

The nCino Bank operating system is a single, multi-tenant cloud platform that digitizes client onboarding, loan origination and deposit account opening across commercial, small business and retail lines of business. percent of total revenues) in fiscal 2018, representing a 64.7 million, or 74.7 percent of total revenues, up from $64.5

Regulatory Compliance 79

Regulatory Compliance Deposit Account Underwriting Origination 79

PYMNTS

APRIL 22, 2020

In 2017 and 2018, however, fraudulent activity and different schemes were $3 billion combined. And 90 percent of the stolen funds originated from only six broad schemes. The effort reportedly attained levels not seen before for a digital currency scam. As previously reported, the cost of crypto fraud reached $4.3 billion last year.

Scams 82

Scams Bitcoin Digital Currency Crime 82

PYMNTS

JANUARY 25, 2021

The idea kicked into high gear in 2018, when they attended a 10-week entrepreneurship course and won $15,000 in seed money through the University of Chicago’s College New Venture Challenge. “At They began selling chips in autumn of 2018. At that point, we were hooked,” Hamburger said. Getting Going .

CHIPS 116

CHIPS Returns Product Consulting 116

PYMNTS

JUNE 18, 2020

The Transfer Protect service offered by Western Union and French insurer AXA includes numerous features aimed at benefitting immigrant workers who send remittances to family members and friends in their origin countries. Life insurance and disability policies would provide funds should the expatriate workers die or lose the ability to work.

Wires 84

Wires Wire Origination Volume 84

FICO

AUGUST 7, 2019

billion in principal balance as of the end of 2018 — an increase for the seventh consecutive year. Non-prime portfolio balances increased an impressive 7.07% YoY in 2018 and stand at $1.143 trillion. Originations Accelerated. Lenders saw fewer losses in 2018. YoY in 2018. YoY in 2018. YoY in 2018.

Finance 60

Finance Non-Bank Returns Best Practices 60

PYMNTS

JUNE 30, 2020

Despite dropping the price of its Focals to $600 last year from the original $1,000, North had reportedly sold very few pairs, The Globe and Mail reported. A source told them it was unlikely that the company sold more than 1,000 pairs since its launch in late 2018. . “We are looking forward to remaining in the region with Google.”.

Origination 82

Origination Continuity Technology 82

Finovate

NOVEMBER 11, 2024

BlinkPay will maintain its original leadership and culture, with company Co-founder Adrian Smith appointed as CEO. BlinkPay will retain its original leadership and culture. The bank first implemented open banking principles in 2018. Financial terms of the acquisition were not disclosed. Terms of the deal were not disclosed.

FinTech 52

FinTech Origination Real Time Payments Acquirers 52

The Fintech Times

SEPTEMBER 27, 2024

This strategy, known as Making Access Possible (MAP), significantly boosted the percentage of adults with access to formal banking services, increasing from a fraction of the population in 2013 to nearly 50 per cent by 2018. However, it is unclear whether this program remains active today.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

CB Insights

JANUARY 17, 2018

LIVE BRIEFING: 15 trends shaping tech in 2018. We’ll look at 15 trends that we believe will shape the tech sector in 2018, ranging from the race for AI to car subscriptions and cross-border M&A. The Most Well-Funded Tech Startups By US State (2015 – 1/8/2018). Stio (Mountain Origins Design) *. First Name.

Cross-Border 78

Cross-Border Database Origination Security 78

VISTA InfoSec

OCTOBER 21, 2024

The GDPR, which came into effect on May 25, 2018, introduced the requirement for certain organizations to appoint a DPO. – An organization process special categories of personal data—such as health data, racial or ethnic origin, political opinions, or genetic information—on a large scale.

CCPA 130

CCPA Privacy Laws Data Breach 130

Fintech News

AUGUST 12, 2024

Fiin Credit: Founded in 2018, Fiin Credit is a digital finance and consumer credit system in Vietnam. OPES Insurance: Founded in 2018, OPES Insurance is a leading digital insurer serving the Vietnam market. ZaloPay: Established in 2018, ZaloPay is a mobile wallet and payment platform associated with the Zalo messaging app.

FinTech 90

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 90

PYMNTS

DECEMBER 10, 2020

in 2018 before sharply decreasing to $3,869.47 billion in 2019, a larger sum than in 2017 and 2018 combined. billion in laundered money flow through cryptocurrency exchanges, up from $1 billion in 2018. The currency is well-known for its massive value fluctuations, as a single bitcoin cost just 9 cents in 2010, $313.92

AML 88

AML Cryptocurrency Money Laundering Compliance 88

PYMNTS

NOVEMBER 3, 2020

PYMNTS’ consumer studies early on in the pandemic showed that Americans originally thought COVID-19 was going to be a relatively short experience. percent as recently as 2018: 5. And that number swells to more than two-thirds (69 percent) when adding those who said they were “somewhat “likely to do so: . percent from just 9.7

Consumer 136

Consumer Posting Volume PayPal 136

PYMNTS

SEPTEMBER 12, 2019

Mastercard Track was originally launched in 2018 as a trade platform to address identity, compliance and payment management needs. The trade directory has registered more than 210 million entities worldwide and is central to all current and future B2B payment products, the company said.

Visa 76

Visa B2B Payments Business Payments 76

PYMNTS

JANUARY 22, 2021

Loon was originally part of Alphabet’s X division. In 2018, after years of conducting tests with high-altitude helium balloons, it was spun off to become its own subsidiary. The company aimed to bring internet access to remote communities and low-income areas unable to afford the technology.

Origination 72

Origination Facilitators AI Posting 72

PYMNTS

DECEMBER 17, 2020

This marks the second time GM's venture capital arm has invested in Yoshi since 2018, and the round will go toward helping Yoshi hire more employees and expand as the pandemic ends, according to Yoshi Co-Founder and CEO Bryan Frist , according to CNBC. COVID has been interesting for us," he said, CNBC reported. "We markets, CNBC reported.

On-Demand 72

On-Demand Credit Cards Origination Acquirers 72

PYMNTS

AUGUST 25, 2019

The original founder Andre Durand is still on board, although the company was acquired in 2016 by Vista for about $600 million. million in the same period in 2018. Founded in 2001, Ping is said to be looking at a valuation of $2-$3 billion. The company’s S-1 filing shows that it is not yet profitable but shows promise, with $112.9

Breach 63

Breach Data Breach Authentication AI 63

Fintech News

JULY 17, 2024

These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. This pattern of consolidation could indicate attempts to obscure the origin of funds before moving them to exchanges or other cash-out points. Usage of mixers peaked in 2022, with over US$1.5 billion in 2024.

Money Laundering 89

Money Laundering Law Enforcement AML Non-Bank 89

PYMNTS

FEBRUARY 12, 2019

Ninety-five percent of these retailers offered plan options, for instance, in Q4 2018. Nine in 10 of the top performers — or 90 percent — offered mobile optimization in Q4 2018. Seven in 10 — or 70 percent — of the top performers had feedback in Q4 2018. Fifteen percent of the top performers offered rewards in Q4 2018.

Venmo 66

Venmo Payments Payment Gateways Gateways 66

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

NOVEMBER 13, 2018

Lumentum President and CEO Alan Lowe said in a statement: “We recently received a request from one of our largest Industrial and Consumer customers for laser diodes for 3D sensing to materially reduce shipments to them during our fiscal second quarter for previously placed orders that were originally scheduled for delivery during the quarter.”

NOV 68

NOV Product Origination Technology 68

PYMNTS

MAY 7, 2020

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. Although some officials originally said families of the dead recipients could keep the payouts, the U.S. The number of such checks that were sent is unclear at this point.

IRS 64

IRS Checks Direct Deposit Returns 64

PYMNTS

AUGUST 21, 2019

The hack originated from one of the NPP banks that were secured by payments provider Cuscal Limited. ” Australia’s real-time payments service went live in early 2018 and sought collaboration from FinTech firms and developers through the launch of a developer sandbox. This is the second time since June that PayID has been hacked.

Payment APIs and Integration 71

Payment APIs and Integration Real Time Payments Breach Data Breach 71

PYMNTS

JANUARY 15, 2021

Postmates started trialing sidewalk delivery bots in 2017 and launched Serve in December 2018, with a commercial rollout planned in Los Angeles. Uber had originally tried to acquire delivery platform Grubhub, but the deal sputtered over antitrust concerns. . It’s now commercially operating in both Los Angeles and San Francisco.

Bots 67

Bots Acquirers Legal Agreements 67

PYMNTS

APRIL 7, 2020

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement. ACH payment methods also seem to be of greater interest to scammers.

Business Email Compromise 61

Business Email Compromise Email Compromise AFP Compromise 61

PYMNTS

MARCH 22, 2020

J.Crew had originally said it hoped that taking its spinoff brand public would bolster its junk-rated balance sheet and provide some relief for its $1.7 Sales were up a remarkable 31 percent at Madewell stores as of July 2018 as sales at J.Crew spiraled downward. billion debt. Some of the debt is going for 87 cents on the dollar.

Agreements 64

Agreements Origination 64

PYMNTS

FEBRUARY 8, 2019

The latest offer equates to about 37 pence, which in turn is about 23 percent above the original bid that started the back-and-forth, and which came in December of 2018. On Friday (Feb. It also tops the price offered by Mastercard – and agreed upon by Earthport two weeks ago – by 12 percent.

Cross-Border Payments 63

Cross-Border Payments Visa Cross-Border Origination 63

PYMNTS

AUGUST 27, 2019

The bank also noted that the number of API calls grew by 750 percent between November 2018 and August 2019. Those API calls originate from corporate clients using the CitiConnect platform. Citi pointed to account balance inquiries, payment status reports and payments as the most popular API calls processed on the platform.

Treasury 63

Treasury API Payment APIs and Integration Real Time Payments 63

PYMNTS

JUNE 18, 2019

This comes after rumors of children being kidnapped spread on the app and a number of people were lynched across the country in 2018. Fingerprinting WhatsApp messages will help find the originator of the message. That is all we want,” an official told the news outlet. “We

Encryption 69

Encryption Governance Government Privacy 69

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.

FinTech 78

FinTech Blockchain Database Advisors 78

PYMNTS

NOVEMBER 8, 2018

In the third quarter of 2018, over 40 percent of larger seller GPV came from sellers that started on Square as micro-sellers.” In reference to the latter business, in the third quarter of 2018 Square Capital facilitated over 62,000 business loans totaling $405 million, up 34 percent year over year, revealed the company.

Volume 72

Volume Adjustments CHIPS Payroll 72

PYMNTS

MARCH 22, 2019

The app, which is separate from the original WhatsApp, allows businesses to easily communicate with their customers. WhatsApp rolled out its messaging app on Android in January 2018. WhatsApp Business has started to roll out its services on iOS , more than a year after it launched on Android. At the time, WhatsApp had 1.3

Origination 62

Origination Addressing Posting B2B 62

PYMNTS

SEPTEMBER 11, 2019

The report examined collections tradelines — information about a consumer account sent to a credit reporting company, generally on a regular basis — from 2004 to 2018. The percentage of consumers sampled with third party collections never went below 27 percent or above 34 percent.

CFPB 68

CFPB Consumer Financial Protection Bureau (CFPB) Regulations Innovation 68