PYMNTS

AUGUST 7, 2019

Bank participation is key to promoting open banking in the U.S., As with open banking, bank participation in faster payment services is essential, so banks’ reluctance to embrace the Fed’s offering may add greater uncertainty over the evolution of the U.S.’s market is not like others across the globe. s payments ecosystem.

Office of the Comptroller of the Currency 72

Office of the Comptroller of the Currency Payment APIs and Integration Federal Reserve Small Business 72

PYMNTS

SEPTEMBER 20, 2018

X Financial specializes in helping underserved prime borrowers and mass affluent investors in China by matching those borrowers with investors willing to loan them money. Technology serves as an advantage for X Financial, even beyond its underwriting engine. The company has facilitated 1.7 million loans, and has 1.3

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

FEBRUARY 16, 2018

This was born out of seeing what it takes to underwrite a small business and understanding the opportunity of additional information sources,” he said. When it comes to credit underwriting, data collection will make things more efficient — document collection will be more efficient, for example.”. This is about augmentation,” he said.

Underwriting 40

Underwriting Small Business Process Automation 40

PYMNTS

JUNE 15, 2018

million from Iris Capital, while existing backers 360 Capital Partners and Breega also participated. The investment was led by 8VC, with participation from previous backers, including Fontinalis Partners and Story Ventures. Based in France, Exotic Solutions provides warehouse services with its robotics technology. FreightWaves.

Cybersecurity 40

Cybersecurity B2B Non-Bank Finance 40

PYMNTS

JUNE 11, 2019

“Consumer banking has become very commoditized, but small businesses are still very underserved.” That includes SMB FinServ in areas like small business loan underwriting, and the diversification of offered products and services. More) Disruption Ahead. Open Banking will be a force in U.S.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. Investors are ramping up investment: In the first 10 months of 2018, this cohort has seen investors participate in 53 investments worth $1.72B, representing 57% of the $3B raised in the last 5 years.

Online and Mobile Banking 78

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

CB Insights

DECEMBER 5, 2017

In 2015, Assurant participated in a $7.7M Slice Labs had earlier entered into an underwriting partnership with Munich Re Digital Partners. Stated investment focus: Underserved risk markets, innovative approaches to risk underwriting, financial technology with application to risk underwriting. XL Innovate.

Underwriting 28

Underwriting Cybersecurity Innovation Risk 28

PYMNTS

SEPTEMBER 15, 2017

LendUp and Beneficial State Bank have a different approach: They want to invest and make money on their customers who are succeeding financially and are able to participate in the full spectrum of the financial system. Good credit isn’t built overnight, and neither are underwriting systems that help consumers build it.

Financial Inclusion 79

Financial Inclusion FinTech Credit Cards Caps 79

CB Insights

JULY 16, 2017

Liberty also made an investment toward its thematic focus in next-gen vehicles, participating in Michigan-based connected car security company Karamba Security ‘s $12M Series B in May 2017. XL’s investment in home sensor startup Notion falls outside of that focus at present though may eventually have underwriting applications.

Underwriting 28

Underwriting Cybersecurity Risk Innovation 28

CB Insights

FEBRUARY 13, 2020

‘PayFac’ technology simplifies underwriting and onboarding. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. ‘PayFac’ technology simplifies underwriting and onboarding merchants. TABLE OF CONTENTS. A decade of online payments innovation.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

CB Insights

JUNE 17, 2020

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. If one or more of those criteria are not met, the insurer is not liable to policyholders.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

PYMNTS

MARCH 10, 2016

This relationship between PayPal and Village Capital, a venture development organization that finds, trains and funds entrepreneurs working to solve global challenges, aims to improve access to financial services across the globe — or, in this case, the underserved in Latin America, the U.S. Stripe’s In-App EMV Push.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

FICO

JANUARY 5, 2023

Just in the last few months, both Freddie Mac and Fannie Mae announced that their respective automated underwriting systems will consider consumer-permissioned cash flow data in the assessment process that will provide key benefits for first-time homebuyers and underserved communities.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52