Agile Payments

MAY 19, 2021

As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically.

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Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free Loan origination is the process of applying for and obtaining a loan, including all the steps and activities that are involved in evaluating, approving, and disbursing the loan. Stage 6: Closing This is the final step in the loan origination process.

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The Fintech Times

FEBRUARY 21, 2024

US-based Commerce Bank has now officially implemented a new loan origination solution from Temenos , the SaaS cloud banking solution provider, to increase operational efficiency and deliver a frictionless, hyper-personalised customer experience.

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Finezza

JANUARY 19, 2024

Modern customers are ready to ditch the traditional, inconvenient, and time-consuming process in favour of […] The post How to Reduce Friction in the Loan Origination System with Automation? However, the times they are a-changing. appeared first on Finezza Blog.

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Finezza

FEBRUARY 19, 2024

The […] The post Digital and Advanced Loan Origination System: A Lender’s Lifeline in the Digital Era appeared first on Finezza Blog. Traditionally, although most banks and other financial institutions claimed to offer top-notch customer service and experiences, the reality painted a different picture.

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The Paypers

JANUARY 29, 2024

India-based Newgen Software has partnered with UK-based Finastra to augment loan origination and integrate lending solutions with the latter’s LaserPro platform.

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The Paypers

FEBRUARY 20, 2024

Switzerland banking platform Temenos has announced that US-based Commerce Bank has adopted its loan origination solution.

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Origination 36

Nanonets

APRIL 11, 2023

The loan origination process has historically been a complex and time-consuming endeavor for both commercial lenders and borrowers. We’ll also see how Nanonets can help your business achieve loan automation and improve the loan origination process and business efficiency.

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PYMNTS

FEBRUARY 27, 2019

According to a report in GeekWire citing an interview with Zillow co-founder and chief executive Rich Barton, Zillow plans to create an Amazon-like experience for mortgages; mortgage origination will be tied into the app similar to how payments are integrated into Uber. It originated 4,000 home loans last year, noted the report.

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FICO

SEPTEMBER 3, 2020

We are thrilled and honored to be recognized by Aite Group as best in class and the overall rankings leader for our Loan Origination Solution. For nearly 50 years, FICO has pioneered intelligent credit origination powered by world-class analytics. FICO Origination — A Loan Origination Solution You'll Never Outgrow.

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Finovate

JANUARY 9, 2024

The partnership between core banking platform, 10x Banking , and mortgage origination platform, Mast , will enable real-time connectivity between the two systems. Photo by Alexander Isreb The post Best of Show Winner 10x Banking Teams Up with Mortgage Origination Platform Mast appeared first on Finovate.

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FICO

NOVEMBER 25, 2021

It’s a benchmark that continues to shorten driven in part by evolving behaviour amid the ongoing pandemic, which has increased the demand for digital-first originations. To meet rapidly growing customer expectations we've launched a powerful next-generation originations solution for digital-first account opening.

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FICO

JULY 19, 2021

Using a pooled model in addition to bureau scores can help creditors make more precise, value-based decisions at the origination stage. They identify risk associated with the entire customer credit profile, which is a valuable element when making an origination decision. What Is a Pooled Model? Bureau scores cast a wide net.

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FICO

NOVEMBER 16, 2021

We’re certain they would be thrilled with our pioneering, value-packed release of FICO ® Originations Solution, Powered by FICO ® Platform in the AWS Cloud. A future-ready extensible solution—a loan origination solution our clients will never outgrow as they transform their businesses: Higher automated approval rates.

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CB Insights

AUGUST 25, 2022

By automating various steps of the loan origination process, lenders can reach a wider audience, accelerate application turnaround time, mitigate fraud, and enhance customer experience. The post 102 companies automating loan origination for digital lenders appeared first on CB Insights Research. hbspt.forms.create({.

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PYMNTS

SEPTEMBER 23, 2020

Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD), according to a Medium post. Origin said the digital currency is a natural addition to its aim of facilitating peer-to-peer (P2P) commerce. Tether debuted the concept of a stablecoin denominated in U.S. dollars in 2014.

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PYMNTS

JANUARY 22, 2020

Dubbed Origin, the driverless electric shuttle does not possess manual controls like a steering wheel or pedals, CNBC reported. The company did not provide a specific timeframe for the beginning of Origin’s production at the Tuesday (Jan. 21) event, per the report.

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The Paypers

MARCH 25, 2024

US-based cloud banking company nCino has announced that financial group Desjardins has selected its Automated Spreading Solution to augment lending.

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PYMNTS

NOVEMBER 6, 2018

OnDeck Capital said in its third-quarter results that loan origination volume jumped double digits year over year and sequentially, where the volume of $648 million was up 22 percent from the 2017 third quarter and up 10 percent from the second quarter of this year. Credit metrics also improved, said the company, as measured year on year.

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PYMNTS

JANUARY 7, 2020

He also noted, “Something that would be super cool … so we’re going to do it … is to try to create a China design and engineering center to actually design an original car in China for worldwide consumption. I think this will be very exciting.”.

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FICO

NOVEMBER 23, 2016

He explains why the bank turned to FICO® Origination Manager , which supports connected decisions across the entire lending lifecycle for a more holistic view of the customer. And read our blog series on best practices in originations: What Does Best-in-Class Credit Originations Look Like?

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PYMNTS

DECEMBER 12, 2018

Thanks to low unemployment, growth in GDP and real disposable income, TransUnion forecasted that consumer credit originations and consumer balances will increase in 2019 for the lion’s share of credit products. At the same time, TransUnion said delinquency rates will likely decrease or remain flat, excluding credit cards and mortgages.

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Origination Consumer Credit Cards Risk 51

FICO

JUNE 17, 2019

In this series, I discussed how digital transformation is reshaping the origination processes and improving the customer experience. Origination decisions weigh heavily on future profitability; building analytics into the decisioning process helps to eliminate repetitious, time-intensive and often error-prone manual operations.

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PYMNTS

AUGUST 4, 2020

4) that showed a drop in origination volume as anticipated, while loan investor demand displayed early indications of recovery. In terms of headline data, loan originations of $325.8 LendingClub posted second-quarter results on Tuesday (Aug. million were down 90 percent year over year, which was in line with expectations.

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PYMNTS

OCTOBER 24, 2019

24), with a rise in loan origination volume. “We We had a solid third quarter as origination volume increased, credit quality improved and we commenced our share repurchase program, clearly steps in the right direction as we advanced our strategic initiatives,” Chief Executive Officer Noah Breslow said on a conference call with analysts. “We

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FICO

MARCH 26, 2019

Digital Engagement - Increase the level of engagement that consumers feel throughout the origination and new customer onboarding process. The post Reinventing Originations in the Digital Era appeared first on FICO.

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FICO

MARCH 15, 2018

Origination Scores Offer Targeted Insight. Origination scores add significant value above and beyond the FICO ® Score, which is based solely on the data found in a consumer’s credit bureau file. Machine Learning Enhances Origination Decisions. As a result, financial institutions may be saying ‘no’ to good customers.

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PYMNTS

NOVEMBER 28, 2018

First Data’s 2018 Prepaid Consumer Insights Study found that the average consumer is spending $59 more than the original value of their gift card, marking an increase from $21 a year ago. In a press release , First Data said the report shows a significant lift is being generated from gift card spending.

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FICO

JANUARY 9, 2019

That quote, attributed to the 18 th century King of Prussia Frederick the Great, refers to military strategy, but it could just as easily be used to describe the dilemma faced by financial services executives as they modernize their loan origination processes. When we apply this mindset to the origination process, some key questions emerge.

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Origination Process Fraud Detection Mitigation 45

FICO

MAY 13, 2019

In the first of my three-part blog series on reinventing the origination process I discussed how digital transformation has reshaped consumers expectation from the companies they do business with – which means that leading financial institutions must transform their customer experience as well if they wish to remain competitive.

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The Paypers

AUGUST 6, 2021

Red River Bank has selected Teslar Software ’s end-to-end loan origination platform, allowing the bank to streamline and automate the lending process for all types of loans.

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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

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The Paypers

FEBRUARY 19, 2018

(The Paypers) Litecoin Cash has been launched after its original coin Litecoin suffered a hard fork on February 18.

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Origination 51

The Paypers

JULY 23, 2024

US-based origination platform MANTL has announced its integration with Q2 ’s Digital Banking Platform to deliver seamless account origination and onboarding to FIs.

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Payments Dive

NOVEMBER 8, 2023

The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

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PYMNTS

MAY 21, 2020

As it reimagines how borrowers and relationship managers work together, Finastra unveiled the rollout of Fusion Credit Connect on the FusionFabric.cloud of Finastra and the AppExchange of Salesforce.

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PYMNTS

JANUARY 29, 2018

40 percent | The current level of SMB loan origination as compared to pre-financial crisis levels, with the total number plummeting by nearly three-quarters during that event. Further, large banks saw a more pronounced decline in the number of originations during the financial crisis than smaller ones.

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