FICO

MARCH 22, 2022

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

Posting 52

Posting APACS Origination Small Business 52

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 117

Online and Mobile Banking Treasury Non-Bank Finance 117

Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

Online and Mobile Banking 130

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 130

Fintech News

MAY 7, 2024

Today, we look at the biggest rounds of VC capital secured by Asian fintech startups in Q1 2024, delving into these companies’ product offerings, recent achievements and growth strategies. It will also continue to invest in its comprehensive tech stack to power the end-to-end customer journeys across banking, insurance, and embedded commerce.

Payment APIs and Integration 108

Payment APIs and Integration Non-Bank Finance FinTech 108

Stax

JUNE 27, 2024

ACH Payment Wire Transfer Speed of transactions Typically takes 1-3 days for the receiving bank to receive the funds Within a day for a domestic wire transfer. Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. No fees on the receiving side.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. Accenture’s “ Banking Top 10 Trends ” report for this year highlights this transformative journey. Generative AI supercharges banking.

AI 94

AI Risk Non-Bank On-Demand 94

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

Financial Inclusion 86

Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

PYMNTS

NOVEMBER 5, 2020

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality.

FinTech 103

FinTech Payment APIs and Integration Credit Union API 103

Neopay

JANUARY 25, 2024

The European Banking Authority (EBA) on 16th January extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). Therefore, it is important that CASPs know about these risks and put in place measures that effectively mitigate them.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

Fintech News

MAY 22, 2024

Among the top 50 financial crime tech companies named in FinCrimeTech50 , four originate from APAC and represent the region’s financial crime technology pioneers. It includes a suite of financial and non-financial crime risk domains with hundreds of risk indicators and controls, though users can also integrate their own. Transparently.AI

Financial Crimes 67

Financial Crimes Crime APACS Risk Assessment 67

PYMNTS

OCTOBER 8, 2020

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. In addition, Monese adopted Thought Machine’s cloud banking platform. Fusion Reveals Payments Platform Banks. Europe and South Africa.

Innovation 120

Innovation Technology FinTech RTP 120

PYMNTS

NOVEMBER 3, 2020

But as PYMNTS reported in September , Chinese regulators have been boosting their scrutiny of non-bank financial companies. The total credit balances originated at the end of June period and fiscal year stood at 1.7

NOV 79

NOV Origination Small Business Non-Bank 79

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. per transaction, these fees originate from payment networks but disproportionately benefit processors. Avoid them by reducing fraudulent transactions and providing excellent service and products.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

Nanonets

AUGUST 26, 2024

  Visual Classification The assignment of labels or category names to visual (non-text) content is image classification.  Through non-linear complex learning, these tools can thus capture local patterns, discern spatial dimensions, and consolidate information for a complete understanding of the image.

Rules 94

Rules Non-Bank Checks Irrevocability 94

PYMNTS

NOVEMBER 27, 2018

They’re also taking their toll on the non-bank mortgage lenders that proliferated in the good old days of zero or near-zero interest rates, compliments of the Federal Reserve. The Mortgage Bankers Association (MBA) reports that new home mortgage originations are at their lowest levels in years. The Supply Side of the Story.

Non-Bank 46

Non-Bank Underwriting Federal Reserve Origination 46

Clearly Payments

JUNE 28, 2024

On the opposite end of the spectrum are embedded payments, where transactions are processed within the original interface, providing a seamless experience. For example, a company selling gym membership management software can enhance its product by allowing gyms to charge their members directly through the software.

Embedded Payments 52

Embedded Payments Embedded Finance Payments Process 52

Tearsheet

AUGUST 7, 2024

Grace Howie , Vice President of Trade & Working Capital Fintech & Product Strategy at J.P. Grace Howie, Vice President of Trade & Working Capital Fintech & Product Strategy at J.P. Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. Morgan Payments 1.

AI 59

AI B2B Finance Underwriting 59

The Fintech Times

FEBRUARY 20, 2024

In his new role, Al Kharusi will lead Mashreq Bank’s strategy and operations in Oman, optimising the bank’s performance, and ensuring compliance with local and international standards. Embea will use the proceeds to expand its pan-European Embedded Life Insurance platform and add new insurance products to its portfolio.

FinTech 64

FinTech B2B Compliance Non-Bank 64

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 84

FinTech Online and Mobile Banking Blockchain Product 84

Nanonets

MAY 28, 2023

Original file vs renamed file PDF files are convenient for sharing and storing vast amounts of data/information. But this approach is impractical when dealing with unknown or non-standard document layouts. Looking to convert bank statements or other documents from PDF to Excel or PDF to XML ?

Use Case 98

Use Case XML Automation Rules 98

Wharton Fintech

OCTOBER 23, 2023

The conversation also unveils insights into Highnote’s latest Credit Issuing product. Check out the episode on Spotify | SoundCloud | Apple Podcast Read on for a sneak peak: How have legacy players like FIS and Fiserv responded to non-financial institutions offering financial products? Customer feedback drove the expansion.

Embedded Finance 52

Embedded Finance Finance Innovation Issuers 52

PYMNTS

JANUARY 15, 2020

Raisin will license Choice FS’ software to banks in the U.S., giving them the opportunity to develop personalized deposit products. Banks will be able to offer the new solutions directly to their own customers or use Raisin’s platform to reach all potential retail consumers. platform,” said Raisin U.S. CEO Paul Knodel.

FinTech 52

FinTech Credit Union Deposit Account Online and Mobile Banking 52

PYMNTS

OCTOBER 7, 2020

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. We’re also seeing existing standards such as EBICS — the Electronic Banking Internet Communication Standard — emerge across Europe,” he said.

Process 91

Process Payments Money Laundering Cross-Border 91

PYMNTS

MAY 1, 2020

The decision to temporarily suspend the origination of new HELOCs reflects careful consideration of current market conditions and the uncertainty around the timing and scope of the anticipated economic recovery.” Last month, the bank raised the minimum credit score for home equity loans to 720, up from 680.

Non-Bank 61

Non-Bank Economy Origination Product 61

The Fintech Times

JANUARY 16, 2024

We’ve seen big insurtech providers like Origin arrive in the market and make a big impact. Showing how out of date it is, the modern solution is very similar to that found in Europe 20 years ago – where you need to fill in a form to buy your insurance products. Partnerships are a big thing as well.

Non-Bank 59

Non-Bank Embedded Finance Credit Cards FinTech 59

Wharton Fintech

DECEMBER 6, 2023

Brear — the banking battlefield, fintech for SMEs & financial ecosystems globally In today’s episode, Kailee Costello hosts David Brear, the CEO and co-founder of 11:FS and one of the hosts of the Fintech Insider podcast. The banking battlefield. We discussed strategies that incumbent banks can take to stay competitive.

Underserved 52

Underserved FinTech Non-Bank Regulations 52

PYMNTS

JANUARY 23, 2020

“Increasing the transaction value limit to $100,000 is the next logical step for the growing RTP network,” said Steve Ledford, senior vice president of product strategy and development for TCH. . However, individual participants may set a lower value limit for payments they originate. Bank and Wells Fargo.

TCH 52

TCH RTP Transactions Credit Union 52

FICO

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. But this may not be enough, as pressure is mounting for reimbursement to be mandatory for all banks.

Scams 52

Scams Financial Crimes Non-Bank Crime 52

The Fintech Times

MAY 22, 2024

However, in its latest report published today, the UK banking and financial services trade association announced that there was a four per cent decrease in the amount stolen to £1.17billion in 2023. UK Finance data on the sources of APP fraud shows: 76 per cent of APP fraud cases originated from online sources.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

PYMNTS

MAY 29, 2019

Pelagic operates as a direct lender as well as a collaborator with dealers to help small businesses obtain non-bank equipment financing. Late last year alternative lender OnDeck Capital introduced equipment financing to its suite of financing products for small businesses.

Finance 51

Finance Small Business Non-Bank Disputes 51

Wharton Fintech

JANUARY 2, 2024

In the Fintech world, Angela is well known for coining the idea that “Every Company Will Be a Fintech Company” — an idea driven by the influx of new, transformative financial infrastructure tools that enable non-fintech companies to derive a significant portion of their revenue through financial products.

FinTech 40

FinTech Cross-Border Payments Cross-Border Non-Bank 40

PYMNTS

FEBRUARY 6, 2020

5) hearing before the House Financial Services Committee , representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. The hearing was titled “Rent-a-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.”.

Caps 52

Caps Laws Non-Bank Regulations 52

FICO

JANUARY 6, 2022

For example, in a digital originations process, streaming data can tell you if applicants are abandoning the application at specific points, are struggling with meeting certain criteria, or are cruising through the customer experience rapidly. Can the application process exist in a fully digital state for this product for your organization?

Best Practices 52

Best Practices Origination Authentication Process 52

Nanonets

APRIL 24, 2024

Introduction Accuracy and efficiency are non-negotiable in the processing of payments in any company, be they payments received by the company for products/services rendered, or made to vendors for products/services received. Payment reconciliation is the process of verifying all payment transactions.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Payments Automation 52

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Achieving ubiquity across the 12,000 or so FIs in the U.S.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

FICO

AUGUST 12, 2021

Financial Institutions’ compliance officers and teams should be concerned that Open Banking may render their existing AML/CTF and KYC compliance programs inadequate. Open banking is evolving around an ecosystem of third-party providers (TPPs). What is Open Banking? Customer data screen-scraping widespread.

Financial Crimes 52

Financial Crimes Compliance Crime Risk 52

Nanonets

MARCH 26, 2023

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. The lender will also typically request documentation to verify the information provided in the application, such as pay stubs, tax returns, bank statements, and credit reports.

Automation 52

Automation Process Underwriting Fraud Detection 52