PYMNTS

JANUARY 5, 2021

Under the agreement, the three credit unions will be able to refer members seeking small business financing to the Opportunity Fund while still retaining the overall banking and financial relationship.

Credit Union 79

Credit Union Small Business Underserved Agreements 79

PYMNTS

MAY 10, 2017

Merchants and consumers alike have a host of reasons to love financing. That is, if the merchant is sufficiently large enough that it can either offer its own financing in-house or attract one of the major store-branded card players to collaborate on developing the offering. Everybody wins. Making It Easy on Merchants. “The

Finance 51

Finance Online and Mobile Banking Consumer Underserved 51

Fintech News

OCTOBER 28, 2024

Here are the finalists for the SFF 2024 awards: Category #1 Corporates – Emerging Fintech Finalists Fluid Financial Pte Ltd Fluid is a Singapore-based B2B Buy Now Pay Later solution, helping suppliers (both traditional and marketplace platforms) to finance buyers’ purchases at the point of checkout.

AI 99

AI FinTech Innovation Payment APIs and Integration 99

PYMNTS

DECEMBER 28, 2020

A rapidly changing world, he said, meant changes for MercadoLibre as well, particularly in its underwriting business MercadoCrédito. While other players pulled back, he said, Mercado pushed forward and accelerated its underwriting business. It’s a bet, he said, that has paid off in the aftermath for a simple reason.

Underwriting 88

Underwriting Contactless Payments Consumer Underserved 88

PYMNTS

SEPTEMBER 18, 2020

Stem’s target client base, said Rabkin Lewis, consists of “not just the artists, but also their management teams, the labels that work with and all the various collaborators, songwriters, producers … all of them are part of a population of creators that we see as being underserved by financial tools and technologies.”.

Digital Payments 125

Digital Payments Payments Venmo Underserved 125

PYMNTS

FEBRUARY 11, 2019

This new financing will be used to launch OakNorth’s lending operations in the U.S. “We With this financing from SoftBank and follow-on investment from Clermont, we will be able to continue scaling the group’s operations globally,” said Rishi Khosla, co-founder of OakNorth, in a press release. billion to U.K. or the U.S.,

Underserved 53

Underserved Underwriting Finance Origination 53

PYMNTS

MARCH 10, 2020

The London business lending platform Trade Ledge r is joining forces with Wiserfunding to give lenders and alternative financing providers the ability to evaluate the creditworthiness of its commercial users, Trade Ledger announced Tuesday (March 10).

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

FICO

NOVEMBER 29, 2018

SBA programs give businesses access to credit such as 7(a) loans for any purpose, microloans and 504 Certified Development Company (CDC) Loans for fixed-rate mortgage and equipment financing. Other programs are available to businesses to find investors, conduct R&D or to secure bonding.

Small Business 67

Small Business Credit Union Underserved Community Banks 67

Fintech Finance

MARCH 21, 2024

Pockit has partnered with consumer lender, SteadyPay, to help perform the credit assessment, to provide underwriting activities required to ensure that all loans are responsible and affordable and to fund the loan book. The post Pockit Launches Income Advance Product appeared first on Fintech Finance. The service costs a flat £4.99

Product 52

Product Underwriting On-Demand Underserved 52

PYMNTS

NOVEMBER 3, 2020

As noted in the company’s listing documents, the company has a wholly-owned subsidiary, Ant Small and Micro Loan, which provides funding through its digital finance technology platform. And, we contend, this might impact at least some of Ant’s operations.

NOV 79

NOV Origination Small Business Non-Bank 79

FICO

MAY 7, 2018

Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry. A key driver of successful financial inclusion is the ability for lenders to effectively gauge the risk of an underserved consumer.

Financial Inclusion 77

Financial Inclusion Innovation Credit Risk Underserved 77

PYMNTS

JANUARY 11, 2018

That category, according to Burnside, contains about 145 million consumers – who, he noted, have very particular points of need where underwriting and risk management capabilities are severely underdeveloped. Just one of Loan Hero’s medical equipment-focused practices, Burnside noted, pushes through $500 million in financing a year alone.

Consumer 43

Consumer Underwriting Risk Management Underserved 43

Fintech Finance

APRIL 17, 2024

Designed as a one-stop payment hub, ARISE is an easy-to-use, powerful payment solution for SMBs — a category long underserved by the payments industry. ARISE achieves this while giving merchants unparalleled oversight of their finances; merchants can receive their ARISE Smart Terminal, be up and running, and accept payments in minutes.”

Stop Payment 52

Stop Payment Payment APIs and Integration ISVS Payments 52

PYMNTS

SEPTEMBER 20, 2018

As recent events have shown (China began a nationwide crackdown on P2P lending last year, following a series of multi-billion dollar scams in the space), consumer finance is challenging in the massive country. Technology serves as an advantage for X Financial, even beyond its underwriting engine.

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

NOVEMBER 8, 2017

Intuit-operated QuickBooks has dabbled in small- and medium-sized business (SMB) financing in the past, but an announcement made Tuesday (Nov. Intuit’s announcement noted the solution was developed on top of its existing data science and machine learning capabilities to underwrite loans to SMBs.

Small Business 41

Small Business Federal Reserve Underserved Underwriting 41

PYMNTS

SEPTEMBER 17, 2019

Currently, more than 200,000 customers use FairMoney to access financing, with the company’s algorithm using data from a user’s smartphone to underwrite those loans. Our vision is to build a holistic financial platform for underserved customers in emerging markets,” explained FairMoney CEO Laurin Hainy in a statement.

Financial Inclusion 46

Financial Inclusion Underserved Small Business Underwriting 46

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. Many of the startups disrupting banking are reaching customers who are either underserved by existing bank accounts or do not qualify to open an account (unbanked). Underbanked/Unbanked. Freelancers.

Online and Mobile Banking 78

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

The Fintech Times

AUGUST 15, 2024

Partnerships Arch Insurance, a global specialty insurer, has partnered with digital risk processing platform Cytora to further digitise its risk intake and streamline underwriting workflows. More collaborations Aramex , a logistics and transportation company, has teamed up FlapKap, a MENA revenue-based financing platform.

FinTech 59

FinTech Advisors Payee Automation 59

PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market. This is about augmentation,” he said.

Underwriting 40

Underwriting Small Business Process Automation 40

PYMNTS

NOVEMBER 7, 2017

However, Tavares said the landscape is shifting, as LendingPoint and other alternative credit products lend their ears — and their money — to underserved populations. Why should only the most creditworthy have access to finance when they need it? It’s a very real situation in the U.S., Philosophy. Here’s how.

Use Case 57

Use Case Small Business Finance Underserved 57

PYMNTS

JUNE 12, 2018

Now, the tech-driven underwriting models that promised to assess risk more accurately, and extend credit more efficiently, may be confirmation that traditional risk and lending business models may have more going for them than their new, FinTech challengers once thought.

Underwriting 46

Underwriting Risk Assessment Assessments Risk 46

PYMNTS

SEPTEMBER 25, 2019

They can’t secure underwriting because their financial file reveals no credit history, and they can’t establish any credit history because no one wants to underwrite them. We see this used by lenders who want to provide underwriting services for this segment that FICO is not very descriptive about.”.

Underwriting 49

Underwriting Credit Cards Underserved Risk 49

PYMNTS

MARCH 12, 2019

The focus of the partnership will be on offering a continuum of financial services: The middle-market firms that work with NepFin to tap financing will now be able to connect to the bank’s commercial banking offerings. It’s about ‘how does data make our lives easier [via] sourcing through underwriting to monitoring?’”.

Underwriting 40

Underwriting Deposit Account Underserved Adjustments 40

PYMNTS

JUNE 15, 2018

Logistics and alternative finance were high on the board, but it was a cybersecurity company in the U.S. The startup facilitates both alternative and traditional bank financing for trading partners. AYE Finance. Another India alternative lending startup, AYE Finance, raised $21.5 eFactor Network.

Cybersecurity 40

Cybersecurity B2B Non-Bank Finance 40

Payment Savvy

SEPTEMBER 5, 2024

This junction of finance and technology is often called “fintech.” However, the popularization of mobile devices such as smartphones and tablets has quickly advanced how people access their finances. 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

FICO

JULY 15, 2022

It means the inclusion of credit markets that are less developed, where a larger part of the population is underserved. In addition to traditional credit data, the UltraFICO Score reviews open banking or consumer permission data, such as how the consumer handles their finances which can be revealed by their checking and savings accounts.

Financial Inclusion 52

Financial Inclusion Underserved Consumer Innovation 52

PYMNTS

OCTOBER 30, 2018

Underwriting is still very complicated in India, where 20 percent of customers do not have a bank account.”. . “For savings, there are lump sum requirements that mean customers have to already have savings. Or there are lock-in commitments that put money out of reach for too long. That is changing, and quickly.

Consumer 49

Consumer Financial Inclusion Underserved Underwriting 49

The Fintech Times

OCTOBER 30, 2024

“With over 20 million underserved adults in the UK, it’s time to rethink access barriers. Embedded finance is key – digital wallets and embedded lending integrated into everyday platforms make financial services instantly accessible to those left out by traditional banking.

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59

PYMNTS

MAY 15, 2018

Subprime customers — and the higher interest rates associated with underwriting their unsecured debt — were also served with a variety of products in the market. They are just vastly underserved. Prime customers and super-prime customers were in good shape of lenders vying for their business and loyalty. The Middle-class Gap.

Push-to-Card 46

Push-to-Card Non-Bank Credit Cards Consumer 46

CB Insights

DECEMBER 5, 2017

financing round to India-based startup OneAssist , which protects consumer smartphones and credit cards by storing the information and blocking transactions on lost cards and phones before a reported loss or theft. Slice Labs had earlier entered into an underwriting partnership with Munich Re Digital Partners. Ping An/Ping An Ventures.

Underwriting 28

Underwriting Cybersecurity Innovation Risk 28

CB Insights

JULY 16, 2017

Stated investment focus: Finance, consumption, healthcare, auto, social networking, and artificial intelligence. Stated investment focus: Underserved risk markets, innovative approaches to risk underwriting, financial technology with application to risk underwriting. Ping An Ventures. Number of investments: 26.

Underwriting 28

Underwriting Cybersecurity Risk Innovation 28

PYMNTS

MARCH 21, 2017

The algorithm panel that joined O’Neil on stage to discuss how to disarm those WMDs agreed that problems in finance with modeling get even more complicated quickly. Credit rating agencies tend to have more relevant data on white Americans than minority Americans, which means white Americans tend to de facto have higher credit scores.

Crime 45

Crime CFPB Push-to-Card Credit Cards 45

CB Insights

JUNE 17, 2020

Finance: Demand for contactless options accelerates digital adoption. Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. Online grocery. Enhanced e-commerce.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Fintech News

FEBRUARY 27, 2024

Rapid digitalisation, a young internet-savvy population, and underserved markets make the region ripe for fintech disruption. With over 80 million registered users and servicing more than 60 million in financial transactions, GCash’s significant presence in the digital finance domain marks it as a key fintech player in the Philippines.

FinTech 123

FinTech Risk Compliance Federal Reserve 123

PYMNTS

MARCH 10, 2016

Alipay has become a staple service for Alibaba and Ant Financial, as China has a massive population of mobile-friendly consumers who are driven to smartphones for nearly ever facet of life, including payments and finances, of course. Stripe’s In-App EMV Push. Apple Pay Drives Up Gas Station Acceptance.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

Fintech Labs Insights

MARCH 14, 2019

Using a classic startup strategy, they identified an underserved segment, VC-backed startups (especially its fellow alums at Y Combinator), and built a card for their needs. And with that momentum, they’ve moved to a second, and much bigger underserved segment, revenue-rich and capital-poor ecommerce companies.

Underserved 12

Underserved Credit Limit Underwriting PayPal 12

Fintech Finance

SEPTEMBER 20, 2024

KOHO will introduce and manage the line of credit through their highest-rated App and product experience, while Propel will power the technology, underwriting, servicing and funding of the loans. “It The post KOHO and Propel Announce Exclusive Partnership to Expand Lending Access in Canada appeared first on FF News | Fintech Finance.

Underserved 98

Underserved Underwriting AI Product 98