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

FICO

AUGUST 20, 2019

Partnering with the FICO team, we have significantly improved our origination efficiency while maintaining our risk profiles. Our new risk-based underwriting strategy is helping to us to maximize our overall profitability while expanding lending to millennials.”. Erpeng Zhang, director of credit card center, China Construction Bank.

Financial Inclusion 40

Financial Inclusion Credit Cards Credit Risk Underwriting 40

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. Mortgage Borrowers: Increases and Decreases to Their FICO Scores.

Research 53

Research Consumer Origination Underwriting 53

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

MAY 22, 2018

indebtedness in 2018. Auto loan underwriting standards remain weak, and we expect credit card underwriting standards to deteriorate because lenders will likely grow complacent and increase the risk in their consumer loan portfolios — believing that they have plenty of time to tighten before the next downturn. Auto Lending.

Credit Cards 43

Credit Cards Underwriting Credit Union Card Issuer 43

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

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 84

FinTech Online and Mobile Banking Blockchain Product 84

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 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.

Payment APIs and Integration 108

Payment APIs and Integration Non-Bank Finance FinTech 108

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. Michelle Wilson, formerly General Counsel at Amazon (2018).

Payment APIs and Integration 98

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

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. So, Now What?

P2P 54

P2P Origination Underwriting Returns 54

FICO

SEPTEMBER 4, 2018

Earlier this year at FICO World 2018 , we held a session with SunTrust about how they rebuilt their origination process to become truly customer-centric. Digitizing Credit Originations To Meet Customer Expectations – Transcript: . Describe some of the loan origination issues? embed][link]. We didn’t provide that.

Origination 49

Origination Non-Bank Automation Underwriting 49

CB Insights

OCTOBER 10, 2018

Investors are ramping up investment: In the first 10 months of 2018, this cohort has seen investors participate in 53 investments worth $1.72B, representing 57% of the $3B raised in the last 5 years. of monthly spend across 28 countries in Europe as of September 2018. valuation and crossed 1M accounts in September 2018.

Online and Mobile Banking 78

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

PYMNTS

APRIL 30, 2018

According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 from $945 million in 2017 and will grow more than 80 percent year over year to reach $9.7

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73

CB Insights

DECEMBER 4, 2019

In December 2018, Reuters reported that Amazon was looking at airports as a potential Amazon Go partner. In March 2018, Greenlight Financial announced crossing 100,000 customers, growing its customer base 300% since the investment. 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

FICO

SEPTEMBER 19, 2018

Earlier this year at FICO World 2018 , we held a session with SunTrust about how they rebuilt their origination process to become truly customer-centric. Digitizing Credit Originations To Meet Customer Expectations – Transcript: . Describe some of the loan origination issues? embed][link]. We didn’t provide that.

Origination 40

Origination Non-Bank Automation Underwriting 40

PYMNTS

FEBRUARY 7, 2019

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product.

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Regulations 40

PYMNTS

DECEMBER 30, 2020

DoorDash originally expected to price its stock at $90 to $95, but ultimately sold shares at $102. In fact, big pops mostly just mean that underwriters priced an IPO’s stock too low. billion in 2018 based on $165 million funding round that included Google parent Alphabet. Then shares soared 85.8 percent to $158.22 on March 13.

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

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. The partnership will enable Earnix to give property and casualty insurance carriers intelligent solutions for pricing, rating, underwriting, and policy personalization.

Underwriting 59

Underwriting Regulatory Compliance AI Consulting 59

PYMNTS

JULY 10, 2020

million shares to its underwriters at between $28 to $29. 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

Regulatory Compliance 79

Regulatory Compliance Deposit Account Underwriting Origination 79

PYMNTS

MAY 2, 2019

Drilling down into the quarterly results , loan originations were up 8 percent from last year and totaled $636 million (up from $591 million last year) – and the firm has projected that such activity may be flat to perhaps down in the current quarter, with at least some rebound later in the year. percent, up from 2.2 percent last year.

Origination 56

Origination Small Business Underwriting Adjustments 56

PYMNTS

MARCH 29, 2019

Citing MineralTree’s 80 percent revenue growth in 2018, Great Hill Partners said the demand for AP automation solutions is on the rise, particularly in the middle market, with firms more focused on process optimization. The firm, based in Israel, uses artificial intelligence to underwrite cyber insurance for SMBs.

B2B 53

B2B Treasury Small Business Cybersecurity 53

PYMNTS

OCTOBER 9, 2018

In the case of the latter, Palmer noted, selling loans after origination can still be a volatile proposition. Installment loans are nothing new, but the rise of FinTech brings with it data, risk scoring and machine learning to bear on underwriting decisions. Just look at LendingClub. A bit more below the surface, and in the U.S.

Credit Risk 64

Credit Risk Risk Credit Cards PayPal 64

CB Insights

JUNE 17, 2020

For example, in 2018, 18% of American doctors reported treating a patient via telemedicine. Another company, Origin , was one of four 3D printing companies that received authorization to provide 3D-printed medical equipment directly to healthcare providers.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

CB Insights

FEBRUARY 8, 2018

The number of confirmed Bitcoin transactions per day has grown 8x from just over 50,000 in the summer of 2014 to more than 400,000 as of 2018. Each correspondent bank maintains different ledgers, at the originating bank and the receiving bank, which means that these different ledgers have to be reconciled at the end of the day.

Blockchain 78

Blockchain Bitcoin Correspondent Bank Cryptocurrency 78

PYMNTS

JANUARY 19, 2021

At a high level, reported Politico, “Chopra can move quickly to restore the Office of Fair Lending, sidelined by former Acting Director Mick Mulvaney in 2017, to its original position, allowing fair lending staff to draw on both supervision and enforcement tools to combat discrimination.”. Looking at Payday Lenders .

CFPB 57

CFPB Consumer Financial Protection Bureau (CFPB) Federal Trade Commission FTC 57

PYMNTS

OCTOBER 11, 2017

That is important, he said, because if there is any regulatory uncertainy, it becomes very difficult to underwrite or originate small loans. If a bank has to manually underwrite lots of little loans for short periods of time, it chews up any profit they might make in offering a more reasonably priced alternative to payday lenders.

Rules 43

Rules CFPB NCUA Credit Union 43