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. Matt Komos, vice president of financial services at TransUnion , said this indicates a growing risk tolerance among lenders across underwriting categories. “In

Underwriting 75

Underwriting Origination Credit Cards Credit Limit 75

Fintech News

MARCH 18, 2024

Modal Rakyat’s use of “wallet insurance” from PT Citra International Underwriters, which apparently provides only administrative services rather than direct protection of lender funds, has been a particular point of contention.

P2P 103

P2P Disputes Legal Underwriting 103

The Payments Association

MARCH 18, 2025

In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. Mexico has adopted a regulated approach under its Fintech Law, introduced in 2018, laying the groundwork for open banking.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

FEBRUARY 12, 2019

Now, Peloton is reportedly forecasted to choose underwriters over the weeks to come. In an interview with the paper in 2018, Peloton Co-founder and Chief Executive John Foley noted that this year “makes a lot of sense” for an IPO. According to unnamed sources cited by the outlet, the company is looking for a valuation over $4 billion.

Shutdown 84

Shutdown Underwriting Government Governance 84

PYMNTS

JULY 10, 2020

million shares to its underwriters at between $28 to $29. percent of total revenues) in fiscal 2018, representing a 64.7 The company recorded net losses in fiscal 2018, 2019 and 2020 of $18.6 In a filing with the Securities and Exchange Commission (SEC), the startup reported it plans to raise as much as $253.5 million, or 74.7

Regulatory Compliance 79

Regulatory Compliance Deposit Account Underwriting Origination 79

PYMNTS

AUGUST 28, 2018

As of early 2018, U.S. BB&T is expecting to see loan growth between 2 to 4 percent in 2018. Citizens Bank , a regional player based in Rhode Island, for example, was looking for growth in its newest underwriting area — student loan refinancing. Early 2018 seemed to be the time for high hopes — and big expectations.

Small Business 40

Small Business Debit Card Underwriting On-Demand 40

Finovate

JULY 18, 2024

AI technology company Stratyfy announced a strategic partnership with cash flow underwriting and data analytics platform Prism Data. AI technology company Stratyfy has forged a strategic partnership with cash flow underwriting and data analytics platform Prism Data. .”

Underwriting 59

Underwriting Financial Inclusion Returns AI 59

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

SEPTEMBER 18, 2018

And that change is notably recent, as in Q1 2018, 55 percent of gig workers had full-time day jobs. personal income in 2018. Because as of today, the world of mortgage underwriting isn’t built for gig workers or the self-employed, thus making it challenging for those looking to dip in a toe. trillion of total U.S. The New Rules.

Underwriting 66

Underwriting Economy Verification Risk Assessment 66

PYMNTS

FEBRUARY 27, 2020

Although the markets are currently “inhospitable” for new listings, DoorDash and its underwriters at Goldman Sachs are counting on the volatility being over by the time the IPO is approved. DoorDash could go public as early as the spring, but the IPO price range and the number of shares being offered are still yet to be determined.

Underwriting 79

Underwriting Continuity Security 79

PYMNTS

NOVEMBER 6, 2018

6) that an underwriting error internally prompted it to reject home loan modifications, which resulted in the bank foreclosing on more homes than planned. The expanded internal inquiry is still ongoing, and now includes customers who were involved with the foreclosure process from March 15, 2010, through April 30, 2018.

Underwriting 58

Underwriting NOV Process Regulations 58

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? In 2019, enhanced credit underwriting via digitally contributed-consumer data will hit the mainstream. 2018 SCE Credit Access Survey. revolver vs. transactor).

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

PYMNTS

JUNE 18, 2020

billion because the IPO’s underwriters, BofA Securities, Goldman Sachs, J.P. In 2018, the company attempted to go public with a $24 billion merger deal with Rite Aid Corp. Reuters reported some stockholders are offering 65.8 million shares in the price range of $18 to $20 per share and hope to raise up to $1.32

Underwriting 79

Underwriting Security Technology 79

PYMNTS

JULY 3, 2018

And, over the next month, underwriters will be able to purchase up to 5.6 BJ’s brought in $637.5 million by selling 37.5 million shares for $17, which was the top of the $15 to $17 range the retailer had provided in its regulatory filings. million more shares.

Underwriting 40

Underwriting Returns Volume 40

FICO

AUGUST 22, 2018

Again, I’ll draw on the session Cyber Risk, Cyber Ratings and Cyber Risk Transfer at the recent FICO World 2018 conference , and the conversation with my three panellists: Josh Ladeau , CISSP, Global Head of Cyber, Aspen Insurance. When we presented our cybersecurity scoring technology to underwriters, we got a range of responses.

Risk 53

Risk Underwriting Cybersecurity Void 53

FICO

MAY 8, 2019

a leading payments technology company, has achieved significant results by creating a centralized underwriting management solution on the FICO® Decision Management Platform (DMP). For its achievements, Worldpay won the 2018 FICO® Decisions Award for Customer Onboarding & Management. Worldpay, Inc., Agile Response to Market.

Underwriting 51

Underwriting Best Practices Risk Rules 51

Finovate

OCTOBER 24, 2024

Effectiv, which demoed at FinovateFall 2023, was founded in 2021 to provide an open platform that integrates a wide range of risk solutions– including identity and payment fraud controls, underwriting, Know Your Business (KYB) and anti-money laundering (AML) tools– to facilitate decisions in real-time.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

PYMNTS

MARCH 2, 2020

Lloyd’s insurance syndicate Atrium underwrites the policy and is provided by digital currency “lifestyle” service provider Coincover. The group has been blamed for stealing over $500 million in digital currency as long ago as 2018. And another unsealed document indicates that the U.S.

Treasury 71

Treasury Bitcoin Addressing eWallet 71

PYMNTS

FEBRUARY 13, 2019

The firm believes that “household debt delinquencies are likely above their cycle low” and that “the effects of gradually-loosening underwriting standards and rising interest rates will begin to weigh on loan performance in the coming quarters.”. percent in Q4 of 2018.

Underwriting 51

Underwriting Adjustments Credit Cards Origination 51

PYMNTS

JULY 7, 2020

The underwriters of the offering will have a 30-day option to purchase up to 1.1 It recorded net losses in fiscal 2018, 2019 and 2020 of $18.6 In its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday (July 7), the stock is expected to be priced between $22.00 and $24.00 million. .

Underwriting 56

Underwriting Acquirers Government Governance 56

PYMNTS

SEPTEMBER 20, 2018

In another statement, Bank of Nanjing Vice President Wenkai Zhou said the FI has partnered with Ant Financial “to build a distributed digital finance platform” that will enhance the bank’s “ability to underwrite loans.”. The brand was announced at the 2018 Ant Technology Exploration Conference.

Technology 69

Technology Underwriting Blockchain Agreements 69

Stax

FEBRUARY 15, 2024

According to the Pew Research Institute , in 2022, a whopping 41% of Americans said they don’t use cash at all for any of their weekly purchases—a significant jump from 29% in 2018. PayFacs also provide a streamlined onboarding experience, manage underwriting, and handle compliance for its sub-merchants.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

PYMNTS

MAY 22, 2019

. $3,500: Amount it may cost a bank to underwrite a loan through traditional means. percent: Share of gig economy workers with specialized skills, measured at the end of 2018. 40 percent: Number of small business owners with a “less than pristine” credit score, as estimated by Fundbox.

Small Business 53

Small Business CFPB Underwriting Economy 53

The Fintech Times

APRIL 30, 2024

” Founded in 2018, QI Tech is a financial infrastructure platform spanning financial, credit, banking, and anti-fraud solutions, with a focus on decentralising these services from major banks.

Wire Transfer 64

Wire Transfer Wires Wire Underwriting 64

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

JUNE 22, 2020

We further enabled our customers’ most critical business processes during this time by enabling them to underwrite government stimulus loans to their clients that had been impacted by the pandemic, helping sustain these businesses during this challenging time,” he continued. percent of total revenues) in fiscal 2018, representing a 64.7

Underwriting 60

Underwriting Acquirers Government Governance 60

PYMNTS

NOVEMBER 21, 2019

When it comes to professional liability cases, insurers have seen “a tripling of verdicts over $10 million over the past three years,” said Rob Francis, who runs healthcare underwriting at ProAssurance — for example, a recent $230 million settlement against a Baltimore hospital, which is now the largest U.S. malpractice award to date.

Underwriting 52

Underwriting Settlement Adjustments Accounts 52

The Fintech Times

MAY 5, 2024

NetDiligence, the cyber risk firm, revealed that both average ransom demands and average incident costs have skyrocketed since 2018, in its latest Cyber Claims Study. .” Cyber risks are forecast to increase in cost and complexity, and ransomware attacks remain a global threat to enterprises.

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

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

Finovate

APRIL 10, 2024

New York-based Petal was founded in 2018 to offer underserved consumers access to credit cards. Instead, Petal leverages users’ open banking data as underwriting data to offer them credit and help them establish a credit history. . “Safe, affordable credit is unavailable to tens of millions of consumers in the U.S.

Credit Cards 52

Credit Cards Underserved Underwriting Acquirers 52

FICO

AUGUST 28, 2018

Welcome to the final blog in the series recapping Cyber Risk, Cyber Ratings and Cyber Risk Transfer at FICO World 2018 , and my conversation with the session’s three panellists: Josh Ladeau , CISSP, Global Head of Cyber, Aspen Insurance. They were not sure how they could bake it into their underwriting process.”. he laughed. “We

Risk 53

Risk Security Underwriting Breach 53

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. That scale would make Amazon Go a $4.5B Amazon SMB Lending. in 2017 and 2.6%

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

APRIL 23, 2019

million outstanding shares, excluding the underwriters’ option. Beyond Meat expects to receive gross proceeds of about $175 million from the IPO (excluding the underwriters’ option). Existing stockholders won’t sell any shares in the offering, which counts Goldman Sachs , JPMorgan and Credit Suisse as its lead underwriters.

Underwriting 43

Underwriting On-Demand Product Research 43

FICO

NOVEMBER 29, 2018

Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. Small business lending was strong in 2018 and pro small business growth policies have been conducive to that growth.

Small Business 67

Small Business Credit Union Underserved Community Banks 67

PYMNTS

SEPTEMBER 22, 2016

In a press release , the company said the financial institutions that are gearing up to join the future service in 2017 and 2018 have close to doubled since EBA CLEARING announced the development project in April. At the time of the announcement, there were 39 underwriting banks.

Instant Payments 55

Instant Payments Real Time Payments Message Standards Payments 55

PYMNTS

JUNE 20, 2019

Two unnamed sources told the publication that Bill.com is meeting with bankers as it prepares to choose the underwriters for its initial public offering (IPO). The sources noted that Bill.com has not chosen its underwriters nor decided on a set time to float.

Request for Comment 46

Request for Comment Underwriting B2B Automation 46

PYMNTS

AUGUST 15, 2019

After losing out on the chance to be top underwriter, Morgan Stanley has stepped away from any role in WeWork’s upcoming IPO. As Bloomberg reported, underwriters could potentially split more than $122 million in fees on the IPO alone — that’s if WeWork pays the 3.5 Instead, JPMorgan Chase & Co. brought in revenue of $1.54

Finance 46

Finance Underwriting Risk Technology 46