Nanonets

MAY 3, 2023

This has many niche challenges under it: credit ratings, loan applications, underwriting, stock buy and sell decisions, cash flow management, and more. It’s basically an AI financial advisor who can give people semi-personalized financial advice based on their income, debt, preferred risk level and more.  It

AI 94

AI Finance Advisors Fed 94

FICO

MAY 25, 2021

If we think of a lending portfolio as a night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets documented criteria. FICO® Scores, often an important contributor to underwriting strategies, are designed to provide valuable risk rank-ordering through all economic cycles.

Risk 52

Risk Addressing Underwriting Economy 52

Finovate

APRIL 9, 2024

Check out this year’s YC winter fintech graduates below: Asset management Powder leverages AI to help wealth advisors create sales proposals personalized for each prospective client. Rove leverages a cash-flow algorithm for underwriting to offer a no-annual-fee travel card that allows average spenders to earn a free trip each year.

FinTech 52

FinTech Cross-Border Due Diligence AI 52

PYMNTS

MAY 31, 2019

We envision an advisor-led and digitally empowered offering tailored to clients across the spectrum of wealth.”. “We are developing a digitally empowered mass affluent capability that will leverage our Marcus platform and customer base,” said John Waldron at a bank conference in New York. “We He did not say when the product would be released.

Product 65

Product Underwriting Advisors Credit Cards 65

PYMNTS

MAY 22, 2019

SBDC advisors can access the resources online and in-person at SBDC events, providing those advisors with certification to offer their own small business clients cash flow management expertise. The collaboration comes in the form of a three-year grant, also in partnership with CashFlowTool.com creators Finagraph.

Small Business 40

Small Business Advisors Financial Inclusion Underwriting 40

The Fintech Times

AUGUST 8, 2024

Ellis previously served as CFO at Flywire , a global payment solutions provider, as well as CFO and advisor to BillGO , a bill pay platform and network. Lea most recently served as chief underwriting officer at Vantage Risk. Montonio, the European payment and ecommerce solutions provider, appoints Johan Nord as its new CEO.

FinTech 69

FinTech Cross-Border Cross-Border Payments Credit Cards 69

PYMNTS

JUNE 9, 2020

We rely on artificial intelligence and our digital platform to collect data points that we evaluate in pricing and underwriting our insurance policies, managing claims and customer support, and improving business processes,” Lemonade said in its filing. . William Blair & Company and LionTree Advisors. Morgan Stanley & Co.,

Underwriting 52

Underwriting Advisors Security Process 52

Payment Savvy

SEPTEMBER 5, 2024

Furthermore, robo-advisors adopt a cheaper and more convenient attitude toward getting investment advice from a financial advisor in person. It also streamlines a range of services that businesses depend on, from loan underwriting to real estate appraisals.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cryptocurrency 52

PYMNTS

APRIL 24, 2019

The RealReal has reportedly started holding discussions with investment banks to help it go public, and even issued a Request for Proposal to potential advisors and underwriters. Earlier this year, it was reported that the online retailer was considering an initial public offering (IPO) for later this year.

Underwriting 55

Underwriting Advisors Authorization Authentication 55

Segpay

FEBRUARY 28, 2024

Per the Forbes Advisor , rates range from 1.5% – 3%+ based on card type, with volume tiers and qualified vs non-qualified categories. Trusted payment advisors provide open pricing and honest counsel tailored to each merchant’s requirements – not boilerplate pitches pushing proprietary products.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

PYMNTS

JANUARY 21, 2019

Reuters reported the high-end luxury online retailer has issued a request for proposal to potential advisors and underwriters to take The RealReal public in 2019. In July the company raised $115 million, led by Perella Weinberg Partners.

On-Demand 49

On-Demand Underwriting Advisors Participant 49

The Fintech Times

MARCH 1, 2024

Consequently, this would free advisors from lengthy data collection and analysis, and give them more time to offer advice. This could support an extra 150,000 people annually. The proof of concept sets out how Citizens Advice clients could choose to seamlessly share financial data with the charity.

Finance 59

Finance Non-Bank Use Case Innovation 59

CB Insights

NOVEMBER 21, 2019

Companies in this subcategory (1) provide technology to enable insurers across the value chain (underwriting, distribution, claims, etc.), Companies in this subcategory (1) provide technology to enable lenders across the value chain (underwriting, monitoring, distribution, administration, etc.), Wealth management.

FinTech 93

FinTech End User Online and Mobile Banking Payment APIs and Integration 93

PYMNTS

JULY 25, 2018

small business lender, to White Oak Global Advisors, noted Financial Times. There is also worry over looser underwriting, which has seen lenders stretch out terms for borrowers while pushing up loan-to-value ratios and debt-to-income ratios — an echo of the subprime mortgage crisis. It recently sold LDF , a U.K. trillion U.S.

FDIC 43

FDIC Underwriting Advisors Adjustments 43

Fintech News

MARCH 18, 2024

With the acquisitions, Roojai became a full digital insurance company with the license to underwrite general insurance products in Thailand. These deal included the acquisition of the local business of FWD General Insurance from Bolttech, and the purchase of DirectAsia, a Singapore-based insurance firm whose primary business is motor.

FinTech 109

FinTech Online and Mobile Banking Blockchain Product 109

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

FICO

JANUARY 13, 2021

The best in class in the days preceding lockdown modified their mix of SMS versus phone and utilized their business continuity plans to enable collectors, fraud staff, underwriters, and customer service to work at home. . Reach out (DKnopp@FICO.com); FICO Advisors wants to help. Something above strike a chord? by Darryl Knopp.

Credit Cards 72

Credit Cards Accounts Process Underwriting 72

PYMNTS

JULY 7, 2020

There’s no shortage of disruptors — particularly neobanks that promise to change everything from checking to lending — but don’t count legacy players out just yet, Dr. Jud Linville , senior advisor at growth equity firm General Atlantic , told Karen Webster.

FinTech 89

FinTech Direct Deposit Consulting Innovation 89

CB Insights

JUNE 3, 2020

Digital life insurance startups offering easier underwriting processes for life insurance (like requiring no medical exam) are already seeing an increase in applications as customers don’t want to deal with agents or medical exams in the time of social distancing. One such company, Bestow , raised a $50M Series B in April. .

Online and Mobile Banking 75

Online and Mobile Banking Volume On-Demand Underwriting 75

Fintech Labs Insights

DECEMBER 21, 2020

Zero-touch underwriting for commercial lines. Technology to analyze underwriting data for insurance risks, specifically for financial lines. Technology for consumers and advisors to manage risk. See also previous Plug and Play pitch days here , here and here. No-code development platform to accelerate AI workflows. Brightside.

NOV 15

NOV Underwriting Fraud Detection AI 15

Fintech Labs Insights

DECEMBER 21, 2020

Zero-touch underwriting for commercial lines. Technology to analyze underwriting data for insurance risks, specifically for financial lines. Technology for consumers and advisors to manage risk. See also previous Plug and Play pitch days here , here and here. No-code development platform to accelerate AI workflows. Brightside.

NOV 15

NOV Underwriting Fraud Detection AI 15

PYMNTS

OCTOBER 17, 2017

16) that it has ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network to pay more than $3.4 The Financial Industry Regulatory Authority (FINRA) announced news on Monday (Oct. million in restitution for making bad recommendations of volatility-linked, exchange-traded products ( ETPs ).

Underwriting 40

Underwriting Authorization Advisors Settlement 40

PYMNTS

AUGUST 24, 2018

Andrew Mallinger, chief operating officer at merchant cash advance firm PIRS Capital , says that the industry is beginning to open its eyes to the importance of acting as an advisor to small business customers. “It’s cool for us, because we have a better choice of who we get to work with in terms of customers.

Small Business 40

Small Business Federal Reserve Underwriting Finance 40

Fintech Labs Insights

JANUARY 11, 2017

ForwardLane ( FS16 ) uses AI powered by IBM Watson to offer financial advisors access to quantitative modeling and highly personalized investment advice generally only available to ultra high net worth individuals. Kensho ( FEU14 ) introduced Warren to helps advisors perform quantitative analyses on market data. Underwriting.

AI 30

AI FinTech Bots Advisors 30

FICO

FEBRUARY 7, 2023

According to the research from Cornerstone Advisors , these point-of-sale short-term installment loans with low credit amounts have been increasing in popularity during recent years for retail purchases like clothing, household goods, electronics, and more.

BNPL 52

BNPL Posting Underwriting Credit Risk 52

Fintech Labs Insights

SEPTEMBER 19, 2016

Tags: Consumer, credit, loans, underwriting, peer to peer, investing.

Underwriting 27

Underwriting FinTech P2P Advisors 27

Fintech Labs Insights

APRIL 4, 2016

Smartphone based alt-credit & underwriting for underbanked. Tags: Consumer, investing, trading, robo-advisor, porfolio management. Consumer online investment platform. Latest round: $100 million Series E ($700 million valuation). Total raised: $205 million. HQ: New York City. Source: Finovate. Real Matters. Latest round: $76.7

Underwriting 18

Underwriting FinTech Online and Mobile Banking Payroll 18

PYMNTS

APRIL 20, 2017

Earlier this year, financial advisors at deVere group revealed plans to launch their own private bank for SMEs, an entity that would mark the first private bank owned by an independent financial advisory firm. It seems that every few weeks another FinTech is seeking a banking license in the U.K. Last year one U.K.

Small Business 44

Small Business Underwriting Compliance Authentication 44

CB Insights

FEBRUARY 19, 2020

Calibrate Ventures, WTI, and Hallador Investment Advisors also participated in the round. . and a full-year underwriting profit. Among the 10 initiatives outlined, the company aims to build a standard underwriting platform and enhance its digital workflow for its Japanese business. in funding from Societe Generale Assurances.

AI 38

AI Research Underwriting Regulations 38

Fintech Labs Insights

JUNE 16, 2016

Digital investment advisor. Tags: SMB, merchants, acquiring, credit/debit card processing, hospitality, restuarants, underwriting, POS. Latest round: $75 million Series E ($500 million valuation). Total raised: $175.3 HQ: Redwood City, California. Source: Finovate. Latest round: $40 million. Total raised: $56 million. million Debt.

Underwriting 16

Underwriting FinTech Debit Card Online and Mobile Banking 16

Fintech Labs Insights

JUNE 6, 2016

Online financial advisor. Back-office platform for financial advisors . Tags: SMB, P2P lending, crowdfunding, commercial loans, person-to-person, credit, underwriting, investing. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92 billion ($654 million Equity, $1.26 billion Debt). HQ: Chicago, Illinois.

Online and Mobile Banking 20

Online and Mobile Banking Debit Card FinTech Underwriting 20

PYMNTS

DECEMBER 17, 2018

Swoop’s solution to this dilemma is to work directly with small business advisors and accountants — professionals who have the financial experience and education to assess what solutions would be the best fit for their clients.

Small Business 78

Small Business Finance Non-Bank Assessments 78

Fintech Labs Insights

NOVEMBER 23, 2015

Wealth management system for advisors. Tags: Advisors, investing, asset management, robo-advisor. Source: Crunchbase. Financing online consumer purchases. Latest round: $101 million ($1 million equity, $100 million debt). Total raised: $101 million (includes $100 million debt). HQ: Sydney, Australia. Source: Crunchbase.

NOV 21

NOV Debit Card FinTech Online and Mobile Banking 21

Fintech Labs Insights

OCTOBER 9, 2015

Consumer credit underwriting. Marketplace for financial advisors and other professional services. Tags: Enterprise, advisors, investing, trading, custodial. Source: Crunchbase. ZestFinance. HQ: Los Angeles, California. Latest round: $150 million Debt. Total raised: $262 million (including $150 million debt). Source: Crunchbase.

FinTech 29

FinTech Online and Mobile Banking P2P Underwriting 29

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The SEC Finding. million Series C round in April of 2010.

P2P 54

P2P Origination Underwriting Returns 54

Fintech Labs Insights

DECEMBER 9, 2016

Data aggregation and analytics platform Envestnet | Yodlee is reaching multiple big fintech trends this year, starting with the company’s wealthtech solution, Advisor Now , that launched at FinovateSpring in May.

Verification 18

Verification Advisors Underwriting API 18

Fintech Labs Insights

DECEMBER 14, 2015

Wealth-management platform for financial advisors. Tags: Insurance, mobile, underwriting, Startupbootcamp (accelerator). Source: Crunchbase. GroundFloor. Real estate lending marketplace. Latest round: $5 million Series A. Total raised: $6 million. HQ: Atlanta, Georgia. Source: Crunchbase. KeyPair Inc. NFC hardware for mobile payments.

FinTech 17

FinTech Underwriting P2P Advisors 17