Finovate

MAY 10, 2024

Experian launched Cashflow Attributes, a tool to offer lenders more data about underserved consumers. Cashflow Attributes offers lenders visibility into more than 900 consumer attributes that reflect consumers’ cashflow and affordability. Experian expects the new solution will help some of the 106 million U.S.

Underserved 59

Underserved Consumer Identity Theft Underwriting 59

FICO

JUNE 17, 2019

In this series, I discussed how digital transformation is reshaping the origination processes and improving the customer experience. Doing so can lead to more flexible offers for consumers and increased sales for dealers, without compromising risk or compliance standards. Previous blogs: Reinventing Originations in the Digital Era.

Origination 40

Origination Risk Automation Underwriting 40

Fintech Finance

AUGUST 21, 2024

The company, launched in 2015, is known for providing Australians with unlimited access to thousands of hours of entertainment including first-run exclusive shows, original productions, movies, kids programming, and sport, all ad-free.

Origination 95

Origination Payments On-Demand Authorization 95

FICO

NOVEMBER 24, 2021

We polled opinion among 14,000 consumers across the globe, to gauge their attitudes and preferences towards online account opening. We're already enabling our clients to better serve their customers and make faster, smarter, and more profitable originations decisions. Any more and over half (+50%) simply abandon the process.

Accounts 52

Accounts Consumer Origination Credit Cards 52

PYMNTS

NOVEMBER 30, 2020

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects of the pandemic, the Financial Times (FT) reported. This year, FT reported, the event morphed into an 11-day spree, and consumers spent $75.8 billion in orders.

Consumer 70

Consumer NOV Origination Economy 70

PYMNTS

AUGUST 8, 2018

After OnDeck announced that it had notched better-than-expected earnings and loan volume, LendingClub followed suit with with a report that saw the firm beating Wall Street’s estimates for earnings and new originations. That growth came despite widening net losses and an environment where interest rates are beginning to climb. “We

Origination 40

Origination Underwriting Push-to-Card Credit Cards 40

FICO

JANUARY 9, 2023

FCA’s Consumer Duty Mandates Sharper Use of Technology. Managing UK customers to better outcomes under the FCA’s Consumer Duty will require a true platform for understanding and action. Every UK bank, lender and financial services firm is likely to have the FCA’s Consumer Duty front-of-mind right now. Structure of Consumer Duty.

Consumer 52

Consumer Technology Credit Risk Compliance 52

PYMNTS

OCTOBER 16, 2020

What is consumer experience? In the era of the great digital shift, everything is consumer experience, including vital (but invisible) functions like authentication. That new face map [can] then [be] compared to the original one and their account is unlocked in seconds. And simplicity is a good way to romance consumers nowadays.

Verification 75

Verification Consumer Authentication Security 75

FICO

AUGUST 29, 2022

FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises. Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. consumer reporting agencies (CRAs). Average U.S. by Ethan Dornhelm. expand_less Back To Top.

Consumer 98

Consumer Credit Cards Payments Government 98

PYMNTS

FEBRUARY 12, 2018

They wanted to look nice, but with hundreds and thousands of new products launching on the market annually, only the most interested and invested consumers would ever encounter most of them. Customers like experimenting with personal care products, but they don’t like to waste money. We saw a big opportunity for online beauty.

Origination 40

Origination Product Consumer Innovation 40

Finovate

SEPTEMBER 17, 2024

MoneyLion will integrate TransUnion’s data and credit solutions into its hosted enterprise credit-decisioning platform and direct-to-consumer finance tools. Mobile banking platform MoneyLion will be adding personalized touches to its consumer-focused products and services thanks to a partnership with TransUnion.

Embedded Finance 64

Embedded Finance Non-Bank Finance Risk 64

The Fintech Times

NOVEMBER 26, 2024

According to the American Fintech Council (AFC), the FDIC’s proposed brokered deposits rule raises significant concerns due to its departure from recently established regulations and its likelihood to harm consumers, stifle competition, and undermine financial innovation.

FDIC 64

FDIC Rules FinTech Underserved 64

PYMNTS

JULY 15, 2020

The product and marketing plan were locked early in the year. The original business model for Onda was to launch at retail. So early this spring when we really understood the impact coronavirus was going to have, we shifted a ton of our investment and the efforts and energy of our team to standing up a direct-to-consumer model.”.

Product 81

Product Wire Wires Origination 81

Finovate

AUGUST 27, 2024

The bank will leverage Zeta’s Digital Credit as a Service technology, which enables banks to manage a credit product from origination through processing without requiring multiple integrations. DCaaS also provides specific product blueprints to streamline the development of different types of credit lines on UPI products.

Origination 59

Origination APACS Underwriting Product 59

PYMNTS

OCTOBER 10, 2019

Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was an unsecured personal loan that consolidated the debt into a lower interest option with fixed monthly payments. Today (Oct. Today (Oct. percent APR to 29.99

Credit Cards 61

Credit Cards Product Push-to-Card Consumer 61

PYMNTS

MAY 26, 2020

It was a truly omnichannel event, as the city’s shopping districts launched digital marketing promotions, covering products costing a few dozen yuan to expensive cosmetics. While it was originally scheduled for a two-week run, the festival will run through the second quarter. billion yuan ($2.21

Government 52

Government Governance Consumer Economy 52

PYMNTS

SEPTEMBER 11, 2018

11) that it has filed trademark claims against 30 entities in China for selling counterfeit JUUL products on eBay. JUUL said the filing represents the company’s commitment to keeping fake JUUL products off the market and to protect the consumer and fight underage usage. JUUL Labs, an e-cig maker, announced Tuesday (Sept.

Product 43

Product Verification SWIFT PayPal 43

PYMNTS

MARCH 10, 2017

According to a report in TechCrunch , LendingHome launched a new financing product that lets people shopping for a home get an interest rate estimate and apply over the internet, without having to fill out paperwork or deal with a loan officer who will typically ask a lot of questions and put would-be borrowers through all the paces.

Product 72

Product Origination Acquirers Finance 72

Nanonets

JUNE 27, 2023

Traditional paper-based documents can be cumbersome to handle, store, and retrieve for businesses daily, leading to inefficiencies and productivity bottlenecks. By leveraging the power of document digitization, businesses can unlock many benefits and significantly improve their overall productivity.

Product 52

Product Disaster Recovery Automation Compliance 52

PYMNTS

MARCH 30, 2019

As PYMNTS has previously reported, the original celebrity-endorsed products date back as the far as the 1760s, when the British royal family was tapped to endorse fine china. According to psychologist Peter Noel Murray, the reasons consumers look to celebrity brands are both very simple and really complicated.

Product 54

Product Participant Consumer Origination 54

PYMNTS

DECEMBER 16, 2016

The Consumer Financial Protection Bureau (CFPB) announced Thursday (Dec. 15) the launch of Consumer Credit Trends, a web-based tool to help consumers monitor developments in consumer lending and to ascertain potential future risks. The tool also charts how specific groups of consumers are faring in financial markets.

CFPB 64

CFPB Credit Cards Consumer Financial Protection Bureau (CFPB) Risk Management 64

Tom Groenfeldt

JANUARY 13, 2020

Control Tower originated in 2017 and moved into production in 2018 using agile methodology to get from announcement to launch in a matter of months.

Origination 57

Origination Accounts Consumer Product 57

PYMNTS

MARCH 8, 2019

That holds especially true as more consumers think about the trade-off of free online services, such as email and the data they give to banks and other businesses. Any company seen as recklessly harvesting, storing, manipulating or selling their consumer data — to saying nothing of suffering a data breach — is promised bad PR.

Consumer 68

Consumer Risk Compliance Regulations 68

PYMNTS

DECEMBER 16, 2020

SaaS firms have experienced a wave of investment as more companies use their services to help employees work remotely and digitally, and they have extended their staying power as businesses choose subscription payment models over larger, upfront amounts for big-ticket software or products. . Challenges Still To Solve .

Consumer 74

Consumer On-Demand Origination Privacy 74

FICO

OCTOBER 10, 2022

FICO Fact: Can having no credit score be better for consumers than a low credit score? A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. We agree with consumer advocates that this is a legitimate concern. JessicaButalla@fico.com.

Consumer 52

Consumer Underwriting Credit Risk Risk Assessment 52

PYMNTS

JUNE 23, 2020

The Big Style Sale was created as something of an event filler and something of a way to juice consumer spending. First and foremost, consumer[s] are facing an economic downtown and won’t be in the mood for a lavish buying spree in July (when the usual Amazon Prime Day date happens).

Consumer 64

Consumer On-Demand Origination Returns 64

NFCW

DECEMBER 6, 2023

The RFID tags enable Bastille to track and trace its products across the entire supply chain, from raw material sourcing to customer purchasing in real-time, while the QR codes allow customers to access information about the fragrance they have purchased as well as confirm its authenticity.

Fraud Prevention 86

Fraud Prevention CRM Authentication Origination 86

PYMNTS

JANUARY 6, 2020

Instead, he decided to mimic the whiskey subscription service in the coffee space, providing an excellent user experience that would help consumers develop a sharper sense of taste and refine their coffee preferences. Borack said roasters love working with his service because it’s a great way to get consumers to try their coffee.

Consumer 52

Consumer Origination On-Demand Legal 52

PYMNTS

SEPTEMBER 29, 2020

Amazon One Lets Consumers Pay With Their Hand. PayMongo plans to use the funding to introduce new features and products, and to keep building its product, design and engineering teams. consumers will do. Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens.

Consumer 59

Consumer Fed Automation Payments 59

The Fintech Times

NOVEMBER 13, 2024

DigMo , which is licensed by the Bank of Zambia to operate a wallet, plans to support underserved users by providing access to engaging products with incentives. At the moment, informal planning – the acquiring of non-financial assets like livestock and highly liquid products – remains a big part of many Africans’ lives.

Accounts 59

Accounts Financial Inclusion Underserved Participant 59

Finovate

SEPTEMBER 3, 2024

Experian will leverage Paylink’s ReFi solution, which will validate and repay consumers’ outstanding debts by consolidating them into a new loan with better terms. ReFi will allow consumers to conduct a financial reset, while offering lenders the assurance that the new loan is affordable.

Financial Inclusion 59

Financial Inclusion Underwriting Settlement Consumer 59

Finovate

AUGUST 12, 2024

Ivankovich founded iLendx and oversaw Fiserv’s lending and deposit software products and services division. Air Force, he spent his early career managing a $14 billion lending portfolio as a product executive with USAA. “Baker Hill is consistently recognized as a leading fintech company with world-class products. .

Credit Union 59

Credit Union Small Business Innovation Risk Management 59

PYMNTS

FEBRUARY 16, 2018

To research a product, potential customers may turn to Google. But finding product information can be a bit of a cumbersome process. Consumers may have to scroll through many social media channels or product reviews to make an informed decision, after all. Changing Customer Behavior.

Consumer 40

Consumer Origination Product Database 40

PYMNTS

DECEMBER 3, 2019

To better understand those trends, PYMNTS recently caught up with Christian Ali , senior vice president of product at Entersekt. “We The drive toward frictionless but secure consumer experiences in other parts of the economy is also leading consumers to expect more from their financial institutions. It found that 70.2

Consumer 55

Consumer Authentication Credit Union Mobile Banking 55

CB Insights

OCTOBER 31, 2019

While many challenger fintechs entered the space with mono-line offerings, product expansion — or rebundling — has been a key theme over the last few quarters with customer acquisition and retention primary goals. The post Building The Consumer Bank Of The Future appeared first on CB Insights Research. Want the full post?

Consumer 31

Consumer Origination Research FinTech 31

PYMNTS

NOVEMBER 11, 2019

Though it is still unclear how much consumer demand there really is for such one-stop cards and card programs, work on this area of payments and commerce continues to gain steam. Before you know it, you have 10 to 15 different financial products and services,” he said, adding that “the world of money is very fragmented.”.

Consumer 43

Consumer Push-to-Card PayPal Payments 43

PYMNTS

JANUARY 8, 2020

Consumers can choose to purchase one, two or three pairs at a time and pay for their subscriptions every month, every three months or every year. At the end of the THREADJAR checkout process, consumers can pay for their subscriptions by credit card, and they receive free shipping with their orders. His company is not alone — 65.4

Consumer 52

Consumer Credit Cards PayPal Origination 52