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 percent.

Underwriting

PYMNTS

OCTOBER 12, 2016

The deal was originally announced in June, but no purchase price was disclosed, although it was believed to be around $30 million at the time. One Kings Lane was founded in 2009 by Ali Pincus and Susan Feldman and rose to prominence on its limited-time flash sales of upscale furniture and home décor items at heavily discounted prices.

Acquirers

PYMNTS

JANUARY 19, 2021

The company, originally founded in San Francisco, saw more use amid the pandemic as consumers flocked to the internet to do the bulk of their shopping. eBay acquired GMarket in 2009 for about $1.2 eBay might be selling its South Korea marketplace, eBay Korea, in another step in the reorganization already dividing up the U.S.

Origination

FICO

FEBRUARY 25, 2019

Risk in Bankcard Originations on the Rise. This shift has been most notable for the bankcard originations population. Per figure 1 below, the shift in odds-to-score for bankcard originations has generally been a parallel one, indicating a systemic shift in risk across the board. 2018 SCE Credit Access Survey.

Credit Risk

Finovate

JUNE 4, 2024

Headquartered in Amsterdam, Backbase has been a Finovate alum since 2009. Headquartered in Amsterdam, Backbase has been a Finovate alum since 2009. The integration will bring new appointment scheduling functionalities to users of Backbase’s Engagement Banking platform.

Advisors

FICO

JUNE 22, 2016

There is no doubt that the Card Act of 2009 reduced the number of credit card carrying adults under the age of 21 which was its intended impact. We feel that a single solution that spans both the marketing and origination processes will deliver the best results. However, new FICO research points to just the opposite.

Card Issuer

PYMNTS

SEPTEMBER 14, 2016

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5

Fraud Prevention

PYMNTS

NOVEMBER 14, 2016

Nordstrom bought Trunk Club just two years ago for $350 million, and now, the department store says the purchase stands at half of its original value. Founded in 2009 by then-MBA student Joanna Van Vleck, the personalized clothing service was originally based in Oregon and moved to a Chicago headquarters after U.S.

Origination

CB Insights

JULY 18, 2018

In a 2009 interview , Airbnb co-founder and chief product officer Joe Gebbia said “The story that we tell has a very human element to it — people connecting online, meeting in person, being resourceful.” ” Hence, the company’s original slogan: “Travel like a human.” Website as of: July 2009.

Bitcoin

PYMNTS

JULY 3, 2020

You may recall that 2009 was part of another economic downturn.). bookings have been for trips within 300 miles from the origin. We’re in the long Independence Day weekend, of course. The coronavirus has taken a bit from holiday travel, as AAA estimates that we’ll see the first decline in the season’s travel in 11 years.

Origination

FICO

FEBRUARY 22, 2017

As part of our study, we examined underwriting standards during the 2009-2016 timeframe by looking at FICO® Score distributions for consumers who opened new car loans in the prior six months. This blog post is the first in a two-part series where I’ll walk you through our findings in greater detail.

Underwriting

FICO

AUGUST 15, 2018

The first clear trend observed around newly originated mortgages is that as we get further away from the Great Recession, underwriting criteria seems to have eased and a broader section of consumers are obtaining mortgages as a result. Figure 1 contains a FICO® Score distribution for mortgages opened in different periods between 2009 to 2017.

Research

PYMNTS

DECEMBER 5, 2016

GDP, has fallen to about 1 percent since the end of the recession in 2009. The subset of borrowers with scores below 700 made up just 15 percent of loan originations. That’s because single-family home building, which usually accounts for 2 percent of the U.S. Analysts at Pacific Investment Management have estimated that as many as 1.4

Federal Reserve

PYMNTS

JANUARY 9, 2020

This isn’t Amazon’s first attempt at breaking into the luxury fashion market – the retail giant originally tried in 2012, but was not successful. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

P2P

Clearly Payments

MARCH 4, 2024

Operation Phish Phry (2009) Operation Phish Phry stands as a testament to the cunning and audacity of cyber criminals orchestrating large-scale payment processing fraud. The operation also involved money laundering tactics to obscure the origins of stolen funds. Compromise of over 40 million credit card accounts.

Phishing

PYMNTS

MARCH 18, 2019

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

Money Laundering

Fintech News

JUNE 18, 2024

Originally from Sydney, Nestor’s 25-year career has seen her leading marketing teams across APAC in the financial services, technology, and hospitality industries, including 13 years at American Express in Australia and Hong Kong SAR, and stints at Hilton and eBay. He is also a director of various companies within the group.

APACS

PYMNTS

NOVEMBER 4, 2016

That’s what Jeff Lynn and Carlos Silva sought to do in 2009 while they were peers and friends at Oxford’s Saïd Business School. Cofounder Jeff Lynn is originally from the East Coast and has been trying to bring the business to North America. As for what’s next, Seedrs is looking to expand across the pond to the U.S.

Due Diligence

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

FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. Here are our top 5 posts from 2020.

Posting

PYMNTS

APRIL 22, 2020

Notwithstanding the origin of the coronavirus, the large-scale outbreak can be primarily attributed to highly increased mobility (airplane and high-speed rail in China, especially), resulting in a higher concentration of people, and a lagging behavioral change in personal sanitation and isolation. 2000 was the year when Yahoo!

Zelle

FICO

AUGUST 2, 2016

Although Toyota Financial had weathered the storm of 2008 and 2009, the company had a commitment to focus on debt management. There was some give and take with FICO; I originally hired FICO consulting to build my vision and laid out the differences between automotive and credit card collections.

Consulting

PYMNTS

OCTOBER 6, 2018

The More Dramatic Original . The original Bling Ring also had a few more bizarre twists and turns, including an impassioned voicemail from one of its members on what she felt was an unflattering portrayal of her story in the Vanity Fair piece. Stealing stuff, Atkinson noted, is often much, much easier than selling it.

Origination

PYMNTS

APRIL 13, 2018

The original account analysis reviewed 93.5 The original account analysis reviewed 93.5 The expanded analysis reviewed more than 165 million retail banking accounts opened over a nearly eight-year period — from January 2009 through September 2016 — and identified a new total of approximately 3.5 The third party found 1.4

Office of the Comptroller of the Currency

PYMNTS

AUGUST 14, 2019

China’s industrial productivity is at its slowest pace since 2009 as weakening market confidence forces manufacturers to reduce both production and investment while consumers reel in spending. origin technology to Huawei without government approval. continues, The Wall Street Journal reported on Wednesday (Aug.

Economy

FICO

JANUARY 7, 2020

Since bottoming out at 686 in Oct 2009, there have been nine consecutive years of increases in the national average FICO Score,” writes Ethan Dornhelm. Risk in Bankcard Originations on the Rise. Here are the 5 FICO® Score posts from 2019 with the most views on the FICO blog. Average U.S. FICO Score Ticks Up to 706. The average U.S.

Posting

FICO

DECEMBER 8, 2022

Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off. Default rates by FICO® Auto Score 8 and FICO® Resilience Index 2 – stressed economy (Oct 2007 to Oct 2009). Cells are highlighted where the expected default rate is below 3%.

Addressing

PYMNTS

SEPTEMBER 15, 2016

To filter the good data from the bad, the What’s Next team leverages internal proprietary systems for collecting original data around the world and statistical techniques for analyzing the information. million original data points. Not surprisingly, that often leads to bad decisions.”. The team has collected 138,000 data points on U.S.

Origination

CB Insights

OCTOBER 29, 2018

Date: May 21, 2009. When Cisco paid almost $600M for Pure Digital in 2009, it probably seemed like a great investment for their consumer products department; Pure Digital’s Flip HD digital camera was a hot seller at the time. .” By 2009, Time Warner had spun off the once-mighty internet titan back into a separate entity.

Acquirers

PYMNTS

AUGUST 12, 2016

The portfolios are originated by some of the biggest U.S. The 60-day and above delinquencies have decreased to less than a percent at 93 basis points, which is down one basis point sequentially. The delinquency index, at 2.1 percent below prior-year levels, is also nicely lower than the 4.5 percent peak that was reached in Dec.

Credit Cards

PYMNTS

MARCH 9, 2018

Now, the company will follow CEO Chieh Huang’s original strategy: He wished that the company stay private and then go public in the future. Lore is known for founding Diapers.com, which he sold to Amazon in 2009. Compared to Amazon, Boxed offers fewer products – and items in bulk sizes.

Origination

PYMNTS

NOVEMBER 8, 2019

The event was started in 2009 by then-Chairman and CEO Daniel Zhang. According to CNBC , Singles Day was originally launched for people not in a romantic relationship to celebrate themselves by making web purchases. He is reportedly looking to make about $15 billion through a share sale. This year will be the 11th 11.11 Think of 11.11

NOV

FICO

OCTOBER 19, 2022

Figure 2: Average FICO® Resilience Index 2 by snapshot, all industries account management vs account origination. Figure 5: Average FICO® Resilience Index 2, overall and balance-weighted, all industries account management (Apr 2022 score date) vs account origination (Jan 2022). FICO® Resilience Index trends by FICO® Score band.

Origination

PYMNTS

MARCH 16, 2018

Originally, StyleSage was focused on deep analytics. The global retail market is a trillion-dollar industry, where one good decision can make you millions, and a bad one can cost you just as much,” Julia Fowler, who co-founded EDITED with technologist Geoff Watts in 2009, has said.

On-Demand

PYMNTS

JULY 20, 2018

The platform was originally launched in 2010 as a venture between eBay and Young Bae Ku, the founder of Gmarket. eBay had previously acquired Gmarket in 2009. That funding round also included Saban Capital Group, UVM 2 Venture Investments L.P., Brookside Capital and Oak Investment Partners.

Acquirers

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

Fintech News

MAY 7, 2024

Through its software platforms and products, Perfios helps financial institutions take big leaps by shaping their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. Established in 2009, Annapurna Finance is a NBFC headquartered in Odisha. It does so by delivering 8.2

Payment APIs and Integration