Finovate

MAY 7, 2024

The solution will leverage TCW’s loan origination, underwriting, and portfolio management expertise and will tap PNC’s extensive client relationships. The two will offer directly originated, secured cash-flow and asset-based loans to middle market companies. billion in investor equity capital available to invest.

Underwriting 52

Underwriting Origination Small Business Mitigation 52

FICO

JUNE 17, 2019

In this series, I discussed how digital transformation is reshaping the origination processes and improving the customer experience. Finance providers that do not feel ready to fully automate this alternative deal structure can simply send the offers generated to an underwriter, who can manually select the deals they feel comfortable with.

Origination 40

Origination Risk Automation Underwriting 40

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

Finovate

FEBRUARY 15, 2024

Bank is using technology from Pagaya to help underwrite unsecured personal loans. Pagaya’s AI model generates underwriting recommendations and completes a secondary credit decisioning review of borrowers who were originally rejected. Bank will originate and service the loan. If Pagaya approves the borrower, U.S.

AI 52

AI Underwriting Origination Risk 52

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.

Origination 40

Origination Risk Underwriting AI 40

The Fintech Times

SEPTEMBER 1, 2024

Founded in 1991, Axcess offers a SaaS platform designed for non-bank lenders to manage loan origination, underwriting and portfolio management. Aryza Group has increased its presence in the Asia Pacific region by acquiring Axcess Consulting Pty Ltd, an Australian company that provides loan management software.

Consulting 59

Consulting Underwriting Non-Bank Origination 59

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.

Origination 40

Origination Process Automation Best Practices 40

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.

Origination 45

Origination Process Fraud Detection Mitigation 45

Finezza

MARCH 25, 2024

However, existing systems cannot accurately underwrite MSME businesses due to their unique needs and lack of credit history. For instance, the estimated credit gap of INR 33 trillion in Micro, Small, and Medium Enterprises (MSMEs) presents an opportunity for lenders to service this sector more efficiently.

Underwriting 101

Underwriting Posting Origination 101

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. Next-generation banking technology company Zeta has partnered with India’s HDFC Bank to power its Credit Line on UPI (CLOU) solutions.

Origination 59

Origination APACS Underwriting Product 59

Finovate

MAY 10, 2024

Lenders can use the insights to aid in their underwriting decisions, drive more personalized experiences, and help improve financial management tools. Lenders can use these categories and attributes to aid in their underwriting decisions, drive more personalized experiences, and help improve financial management tools.

Underserved 59

Underserved Consumer Identity Theft Underwriting 59

FICO

DECEMBER 8, 2022

If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria. Traditional underwriting risk management strategy approach in stressed versus unstressed economy. Senior Director, Scores.

Addressing 52

Addressing Risk Underwriting Risk Management 52

Nanonets

MARCH 27, 2023

From application submission to underwriting and funding, mortgage automation can simplify the steps involved in getting a loan approved. Underwriting : Underwriting is the process of assessing the borrower's creditworthiness, evaluating the risks and ensuring that the loan meets the lender's criteria.

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

Finovate

SEPTEMBER 3, 2024

This means that, during the underwriting process, lenders need to double count both the new loan and existing debts. Experian reports that the number one reason consumers search for loans on its marketplace is for debt consolidation.

Financial Inclusion 59

Financial Inclusion Underwriting Settlement Consumer 59

Tearsheet

AUGUST 7, 2024

Morgan’s fortress balance sheet and depth of client relationships with Slope’s strengths in underwriting and credit risk monitoring as well as platform flexibility, we are well-positioned to meet our clients’ needs in a rapidly evolving market. Morgan to this partnership, and how does it complement J.P. By combining J.P.

AI 59

AI B2B Finance Underwriting 59

The Fintech Times

SEPTEMBER 3, 2024

“The benefit of this partnership is twofold, as the ‘ReFi’ solution offers a valuable tool for lenders to expand their offerings and reach a broader customer base that may have originally been overlooked.”

Credit Cards 69

Credit Cards Financial Inclusion Underwriting Addressing 69

Payments Source

MARCH 5, 2018

Online lenders build a seamless customer journey from screening to underwriting to origination to servicing to funding, writes Krista Morgan, CEO and co-founder of P2Binvestor.

Underwriting 67

Underwriting Origination ISOs Payments 67

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. Underwriting: The lender evaluates the borrower's application and documentation to determine the level of risk associated with the loan.

Automation 52

Automation Process Underwriting Fraud Detection 52

PYMNTS

OCTOBER 19, 2020

So said that in a traditional screening process, SMEs “would send PDFs of bank statements or PDFs or their audited or unaudited financials, and banks [would] take weeks to underwrite. And the cost of underwriting a large borrower vs. a small SME was virtually the same.”. Information Asymmetry.

AI 120

AI B2B Underwriting Non-Bank 120

PYMNTS

NOVEMBER 20, 2018

In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1

Underwriting 75

Underwriting Origination Credit Cards Credit Limit 75

PYMNTS

OCTOBER 7, 2016

Baker Hill has spent decades providing loan origination services to its bank clients. And while loan origination and portfolio management has challenged lenders for years, Baker Hill Senior Director of Solutions Management Mike Horrocks tells PYMNTS why some of those challenges now have a modern twist.

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

FloQast

APRIL 12, 2024

If the securities will be offered through underwriters, this section gives the names of the principal underwriters and the amounts underwritten. It also identifies any underwriter with a material relationship with the company and the nature of that relationship. Plan of distribution. Interests of named experts and counsel.

Underwriting 52

Underwriting Indemnification Due Diligence Regulatory Compliance 52

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

The Fintech Times

APRIL 22, 2024

Tamer Mauge , managing director, MENA, also added: “Financial institutions are increasingly partnering with fintechs to launch supply chain financing solutions to focus on their core offerings of products, underwriting and funding loans rather than figuring out how to build or buy a platform.

Underserved 69

Underserved Finance Technology APACS 69

Finovate

JANUARY 29, 2024

” Torpago was founded in 2019 and offers a range of bank-branded, low-code/no-code technologies, including loan origination and underwriting, card issuing and fulfillment, fraud monitoring, web and mobile apps, expense management tools, third-party integrations, and account servicing.

Commercial Card 59

Commercial Card Payment APIs and Integration Credit Cards API 59

Finovate

JANUARY 16, 2024

TreviPay’s platform can be implemented in its original API integration directly into the seller’s point of acceptance. A new suite of APIs, the Financial Partner Gateway enables banks to deliver solutions including automated accounts receivable, underwriting, and trade credit management.

Visa 59

Visa Payment APIs and Integration Gateways B2B 59

CB Insights

JANUARY 26, 2023

Vesta ($30M Series A): Vesta provides a platform for mortgage origination and underwriting that is designed to streamline processes, reduce risk, and help lenders improve their book of business. Valon ($60M Series B): Valon offers residential mortgage loan servicing technology through a cloud-native platform.

FinTech 101

FinTech Blockchain Underwriting Credit Cards 101

FICO

DECEMBER 18, 2018

Underwriters across the financial spectrum of banks, credit unions, and independents do a great job of mitigating risk when dealing with large, complex lending requests. This level of risk mitigation can be tackled by some models, a solid risk strategy, and the directed review of an underwriter. Smaller dollar loans are much different.

Small Business 53

Small Business Underwriting Credit Union Origination 53

FICO

OCTOBER 10, 2022

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. And financial institutions use FICO® Scores to underwrite lending to millions of people so that they can achieve their financial goals like buying a first home or starting a business.

Consumer 52

Consumer Underwriting Credit Risk Risk Assessment 52

PYMNTS

DECEMBER 12, 2019

The price is slightly higher than the expected amount of $19 to $21, which it had originally marketed. billion, which includes the underwriters’ option. The IPO’s lead underwriters were Goldman Sachs, BofA Securities and Jefferies. The company will be offering $22 per share, which equals about $216.1

Underwriting 52

Underwriting Payroll Advisors Automation 52

PYMNTS

FEBRUARY 1, 2021

Grab said the loan facility was upsized from an original principal amount of $750 million due to keen investor interest, adding it was the biggest term loan B facility in the Asian tech sector. The interest margin rate for the loan is LIBOR plus 450 basis points, 100 basis points lower than the originally proposed terms. “I

Origination 70

Origination Underwriting On-Demand Continuity 70

Fintech Labs Insights

MAY 24, 2016

Small business funding platform Kabbage was founded in 2009 with a mission to use big data to help underwrite small business loans. Today, the Georgia-based company announced it has originated $2 billion in loans during the past five years. The 75,000 small business customers on Kabbage’s platform hail from all 50 U.S.

Origination 15

Origination Underwriting Small Business Adjustments 15

PYMNTS

JUNE 1, 2020

The task force was looking to “offer an origination and underwriting platform that will allow banks, alternative lending platforms and private debt lenders to digitally allocate funding to businesses during the global coronavirus (COVID-19) outbreak,” according to the report.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

PYMNTS

JANUARY 10, 2020

This partnership will allow us to build on our proven broad-based direct origination capability and rigorous underwriting process while meeting the demands of our borrowers for proprietary middle market corporate loans.” Owens in a statement when the deal was announced.

Finance 52

Finance Underwriting Acquirers Research 52

PYMNTS

JANUARY 10, 2020

This partnership will allow us to build on our proven broad-based direct origination capability and rigorous underwriting process while meeting the demands of our borrowers for proprietary middle-market corporate loans.” Owens in a statement when the deal was announced. ” In another statement, Bradley E.

Finance 52

Finance Underwriting Acquirers Research 52

FICO

JUNE 30, 2023

originations). macroeconomic conditions, lending underwriting practices). The upshot is this: whether it’s called “FICO drift”, “FICO inflation” (or deflation for that matter!), Figure 1 plots the odds-to-score relationship specifically on existing bankcard accounts, but we have observed similar trends across other products (e.g.,

Underwriting 52

Underwriting Credit Risk Mitigation Risk 52

PYMNTS

FEBRUARY 13, 2019

The firm believes that “household debt delinquencies are likely above their cycle low” and that “the effects of gradually-loosening underwriting standards and rising interest rates will begin to weigh on loan performance in the coming quarters.”. As for household debt, the rate of new household delinquencies is low and remains so, at 4.65

Underwriting 51

Underwriting Adjustments Credit Cards Origination 51