PYMNTS

MARCH 19, 2020

Treasury Secretary Steven Mnuchin said he was originally hoping for a rebounding third quarter followed by a great fourth quarter. . “We We are going to destroy this virus and our economy is going to come roaring back better than ever.”. Industry experts are estimating negative economic growth in the April-June quarter.

Shutdown 56

Shutdown Treasury Origination Economy 56

PYMNTS

DECEMBER 16, 2020

economy to a screeching halt in Q2 2020. The offering was so well-received that Fender increased its original limit of 100,000 new registrations to 1 million. is expected to exceed 200 million in 2020 — up from the original estimate of 36 million. . The number of medical telehealth visits in the U.S.

Consumer 74

Consumer On-Demand Origination Adjustments 74

PYMNTS

MARCH 13, 2017

Bursting onto the scene over the past decade, the sharing economy has disrupted some of the most traditional industries. One of the largest disruptions came to the hotels with Airbnb’s 2008 entry into the vacation rental market. 30 billion | Original company valuation projected. 1 billion | Total round of combined funding. $31

Origination 40

Origination Economy Security Posting 40

PYMNTS

AUGUST 14, 2019

High unemployment combined with weak production and consumption point to an ever-slowing economy in China as the trade war with the U.S. The world’s second-largest economy will need additional stimulus to keep growth on pace with goals set by Chinese leaders, Xing added. origin technology to Huawei without government approval.

Economy 46

Economy Central Bank Origination Product 46

The Fintech Times

MAY 10, 2024

British Business Investments, a subsidiary of the British Business Bank , aims to improve access to alternative finance for SMEs across the UK, while supporting the transition to a net zero economy – highlighted by its backing of Beechbrook. Since 2008, Beechbrook has invested over £500million in 70 SMEs across the UK.

Underserved 69

Underserved Finance Origination Continuity 69

PYMNTS

AUGUST 20, 2020

Small- to medium-sized ( SMBs ) are the backbone of the American economy: 30.7 The following Deep Dive explores how these issues are hindering SMB financing as well as how FinTechs are exploring technologies to overcome these issues and give SMBs the help they need to thrive while the world economy faces its biggest challenge in years.

FinTech 71

FinTech Risk Governance Government 71

PYMNTS

JUNE 18, 2020

According to data from credit reporting firm Equifax, as reported by WSJ, banks’ holdings of home equity lines were down 9 percent from a year ago, and originations of home equity loans were down 43 percent between March and May of this year. WSJ reported that many lenders, including big names like Wells Fargo and J.P.

Origination 56

Origination Rules Economy Research 56

PYMNTS

APRIL 30, 2020

As detailed in the latest “Navigating the COVID-19 Pandemic: How the Paycheck to Paycheck Economy is Beginning to Buckle,” the realities of unemployment are stark. trillion seen in the third quarter of 2008. Losing that paycheck, of course, puts massive stress on financial foundations that underpin consumers and their families.

Consumer 57

Consumer Fed Origination Social Security 57

Fintech News

JANUARY 16, 2024

Banks hold less than 50 percent of financial assets, and the share of non-bank mortgage origination has surged. China’s growing involvement in global economies and risks in its residential property sector demands scrutiny. Monitoring and addressing this risk are essential for stabilising banks, insurance companies, and pension funds.

AI 117

AI Risk Non-Bank On-Demand 117

PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. They can’t hire people; they can’t invest in new plant equipment, so the economy can’t grow.

Credit Union 46

Credit Union Small Business Non-Bank Origination 46

PYMNTS

NOVEMBER 18, 2018

trillion in the third quarter of 2008, right before the Great Recession took hold. The data also showed that mortgage originations increased to $445 billion from $437 billion in the second quarter, while mortgage delinquencies were relatively flat, with 1.1 In fact, the total debt held by Americans rose to $13.5

Fed 58

Fed Federal Reserve Credit Cards Origination 58

PYMNTS

FEBRUARY 1, 2017

And while the platform is born out of Regulation A+, CEO Ken Staut told PYMNTS that the origins of this process actually go back way further. “If Yet, some 50 percent of our economy is comprised of small businesses,” Staut said. Almost 60 percent of new job growth comes from small businesses.

Regulations 58

Regulations Small Business Legal Finance 58

FICO

APRIL 13, 2017

There will be more rate hikes to come if the economy stays on this course, and in the event the deficits grow, it will pretty much guarantee what we already expect on the interest rate front. The most interesting observation is the uptick in origination delinquencies, which we see across the board relative to 2013.

Push-to-Card 40

Push-to-Card Origination Fed Economy 40

PYMNTS

FEBRUARY 28, 2020

Banga has served as CEO since 2008 when he took over the reins shortly following the onset of the financial crisis. The Connected Economy: It’s About Time. percent for all of last year), which remains unchanged from what was reported originally — and the revision arrived in line with expectations. gig economy.

Economy 52

Economy Online and Mobile Banking Federal Reserve Security 52

FICO

NOVEMBER 22, 2018

I will share recent analysis done in Russia, where more than half of the top Russian banks use FICO Scores delivered by NBKI, but most are only using the scores for Account Origination. The FICO® Score has been available in the Russian market through the National Bureau of Credit Histories (NBKI) since 2008. The FICO Score in Russia.

Accounts 45

Accounts Origination Risk Credit Risk 45

Fintech News

MAY 7, 2024

Founded in 2008, Perfios is a B2B SaaS company serving the banking, financial services and insurance industry in 18 countries, empowering 1,000+ financial institutions. Established in 2017, AwanTunai is a POS solution aimed at digitizing Indonesia’s vast cash economy.

Payment APIs and Integration 128

Payment APIs and Integration Non-Bank Finance FinTech 128

PYMNTS

AUGUST 18, 2017

trillion back in Q3 2008. At Unifund], we found working with paper that was originated from sub-prime borrowers was tough — and very different from borrowers who started as prime or near-prime and had a bad life experience and charged off. Now it’s up there with student loans and mortgages.”. And right up there it is.

Consumer 43

Consumer Credit Cards Non-Bank Economy 43

CB Insights

OCTOBER 29, 2018

Date: Sep 29, 2008. While Wendy’s was never really in a position to unseat McDonald’s as the country’s top fast-food burger chain, its 2008 acquisition by Nelson Peltz (the billionaire owner of Arby’s) and merger with the roast beef sandwich chain never got it any closer to fast-food dominance. Date: July 1, 2008.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76

CB Insights

FEBRUARY 13, 2020

Growing the internet economy. Stripe Payouts and Stripe Issuing facilitate the movement of money with instant cashouts for gig economy workers and virtual card issuance, respectively. Stripe is focused on capturing a growing share of future payments volume in an increasingly internet-based economy. Virtual card issuance.

Online and Mobile Banking 98

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

FICO

DECEMBER 8, 2022

During the pandemic, systemic financial assistance programs such as federal stimulus payments and the availability of lender-provided payment accommodations undoubtedly prevented and helped manage the dramatic increases in delinquencies and losses we witnessed in 2008-9. inflation, geopolitical instability, ongoing supply chain issues).

Addressing 52

Addressing Risk Credit Limit Risk Management 52

FICO

JUNE 11, 2021

Undoubtedly, systemic financial assistance programs such as federal stimulus payments and the availability of lender-provided payment accommodations have prevented the dramatic increases in delinquencies and losses we witnessed in 2008-9. Figure 5 repeats the above exercise, but this time we apply the approach to the stressed economic period.

Risk 52

Risk Addressing Consumer Financial Protection Bureau (CFPB) Credit Risk 52

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Those effects, however, were short-lived.

P2P 54

P2P Origination Underwriting Returns 54

PYMNTS

MARCH 11, 2020

Looking at the worst day since 2008, in the rearview mirror takes eyes off of looking at what’s ahead. Another example of the pressures that come from the coronavirus — because after all, the virus is what has been slowing the economy, which led the Fed to cut rates, which now pressures lenders. The trend has been — down.

Fed 52

Fed Accounts On-Demand Central Bank 52

PYMNTS

DECEMBER 9, 2016

based original equipment manufacturers (OEMs). One of the most recent downs was during the 2008 financial downturn. “Typically, we’re moving either aerospace, automotive [or] different type of manufacturing components into and out of Mexico,” said Plummer. That’s where MWW’s services come into play. “We

Cross-Border 63

Cross-Border Cross-Border Payments Continuity Product 63

Wharton Fintech

FEBRUARY 26, 2024

Mastercard’s role in global economies: ensuring resilience, security, and innovation Ed McLaughlin: One of the great things about Mastercard is we truly do power the economy. In some ways, we are one of the original platform companies. We are running national critical infrastructure in countries around the world.

Visa 130

Visa Technology Payments Encryption 130

PYMNTS

MAY 29, 2020

The funds ran out in a matter of days when the original round of forgivable Paycheck Protection Program (PPP) loans became available April 3. This is more or less what’s going on with Big Tech , however, and even lots of tech that isn’t so big right now. Demand For PPP Loans Evaporates; $150B Still Available. SBA reports show that $510.5

ATM 52

ATM Innovation API Credit Union 52

PYMNTS

AUGUST 8, 2017

When news of the financial crisis broke in 2008 and big banks all over the world were eschewing consumer and small business credit markets, Batine and Dunaev saw an opportunity — one that was particularly pressing in developing nations, an area of the world that was below the big banks’ radars.

Small Business 42

Small Business Finance FinTech Underserved 42

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. The Two Faces Of Consumer Credit. When rates go low, those are tailwinds.

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

PYMNTS

MAY 22, 2018

By comparison, the default rate during the 2008 financial crisis was around 5 percent. Auto lease origination to subprime customers decreased by 13.5 But given the rising debt numbers — and the reality that economies don’t grow forever — it’s a segment well worth watching.

Credit Cards 43

Credit Cards Underwriting Credit Union Card Issuer 43

CB Insights

AUGUST 9, 2017

In this briefing, we dig into the burgeoning space as the US election results put infrastructure front-and-center and as aging highways, power stations, and airports in developed economies drag on economic growth. Blu Homes , which provides luxury dwellings in the Bay Area, has been in the green building industry since 2008.

Micro-Entry 54

Micro-Entry Blocks Addressing Process 54

CB Insights

NOVEMBER 6, 2018

YouTube has played an enormous role in the power of influencers in today’s beauty economy. The HiMirror, originally launched in 2016 by the New Kinpo Group, offers an Amazon Alexa voice-controlled smart mirror that provides beauty advice for users. Facebook Messenger taps brands for beauty bots, AR try-on. Product Launches.

Bots 72

Bots Use Case Product Consumer 72

Fintech News

MAY 23, 2024

12 UBS (China) Limited UBS (China) Limited is a wholly-owned subsidiary of UBS AG, was originally established as UBS AG Beijing Branch in 2004 and converted into a locally incorporated entity in 2012 following approval by the former China Banking Regulatory Commission. The Others & Unallocated segment mainly involves equity investments.

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

CB Insights

DECEMBER 4, 2019

Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. The bulk of growth in 2017 was to businesses in the US, where the company originated $1B in loans. in 2017 and 2.6%

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

CB Insights

MAY 10, 2018

In 2008, companies less than $100M on expert learning networks. That expertise has been hard-won, and it’s something that can be easily provided by the on-demand economy. But the primary experience is a one-to-one phone call or meeting.”. By 2017, that number was $800M and rising.

Consulting 78

Consulting On-Demand Legal Laws 78

CB Insights

JUNE 6, 2019

But what Solyndra’s investors and the government didn’t see — or didn’t understand the importance of — was that the price of polysilicon was on the decline as early as 2008. With battery technology and fuel economy superior to the Toyota Prius, Coda had the potential, on paper, to give Toyota a run for its money.

Breach 78

Breach On-Demand Product Online and Mobile Banking 78

CB Insights

OCTOBER 26, 2020

In April 2018, Spotify did just that and demonstrated how the emergence of tech as a major driver of the economy’s returns could one day reshape the way all companies go public. Today, executives are more focused on strategic M&A, rather than a quick EPS fix.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

CB Insights

NOVEMBER 16, 2017

By 2008, The Point was struggling. Over the course of 6 years, from 2008 to 2014, Alibaba built a relationship with UCWeb by strategically investing hundreds of millions of dollars and ultimately accumulating a 66% stake in the company. In 2008, Jack Ma and Yu Yongfu met for the first time. TechCrunch reported that Zynga had 1.6M

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78