Fintech Labs Insights

JULY 10, 2015

P2P lending granddaddy, Prosper , recently published some facts and stats about its history, performance, and future plans, and we dissected the key pieces: Prosper launched in 2006, and six years later, in 2012, the company had closed $150 million in loans. In 2012, Prosper employed 85 people. In 2014, Prosper closed $1.6

Origination

FICO

APRIL 9, 2018

The average amount overlimit reached its highest February value since at least 2002, and was last at this level in March 2016 and higher in July 2012. The post UK Cards Show Signs of Post-Christmas Debt Stress appeared first on FICO.

Posting

The Fintech Times

JUNE 16, 2024

The relationship between the two organisations was originally established in 2022 when Archax collaborated with Metaco to offer digital asset custody services to its clients. billion transactions without failure or security breach since 2012 and supporting over five million active wallets with a network of over 120 validators.

Blockchain

Fintech Finance

FEBRUARY 18, 2025

Checkout.com , a leading global digital payments provider, today announced its partnership with HEYTEA, the originator and creator of new-style tea drinks and one of Asias fastest-growing beverage brands. The partnership has improved HEYTEAs customer experience and supported its global expansion by offering localized payments solutions.

Digital Payments

CB Insights

NOVEMBER 1, 2018

An early version, known as Burbn, included check-in features, photo-posting options, and the ability to earn points, among other functions. After a brief launch in 2011, Glitch was returned to beta and by 2012, Butterfield declared the concept wasn’t viable. Source: One Month Rails blog. Source: Shopify Investor Deck 2016.

PayPal

The Fintech Times

NOVEMBER 20, 2024

An example of this was seen in the UK with the original crowdfunding legislation and the birth of ‘peer-to-peer’, and also in the US with the enactment of the JOBS Act. ” The post How do Regulations Make the World of Alternative Investment More Secure? appeared first on The Fintech Times.

Regulations

PYMNTS

SEPTEMBER 19, 2016

Then, in 2012, Facebook announced that it would stop its Credits and allow the use of third-party services. Facebook has changed its original strategy of taking a percentage of fees charged to companies for hosting games on the platform to one that now uses chatbots and artificial intelligence in the instant messaging service.

Payments

PYMNTS

FEBRUARY 4, 2020

The photo-sharing social media giant was acquired by Facebook in 2012 for $715 million. To help increase Instagram’s sales, Facebook has ramped up the number of ads on the platform in the last few years, particularly as Facebook’s own feeds have become more populated with marketing posts.

Acquirers

FICO

FEBRUARY 22, 2017

This blog post is the first in a two-part series where I’ll walk you through our findings in greater detail. According to the Ellie Mae’s Origination Insight Report , adjustable-rate mortgages (ARMs) only represent about 4-5% of mortgage originations on a unit basis. I’ll share those findings in my next post.

Underwriting

CB Insights

JULY 19, 2017

This post is broken up into sections. Originally opened in 2008 by a group of Googlers who wanted someplace a bit more free-form to do their “20% work.” (“20% work” itself is a form of constant innovation: it’s the 20% of the workweek during which Google employees get to work on projects not directly connected to their core tasks.)

Innovation

PYMNTS

SEPTEMBER 24, 2018

The retail chain originally launched a program called LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. Since its debut, LEASE IT has processed over one million leases, which prompted Sears to offer it on a grander scale.

Credit Cards

FICO

AUGUST 2, 2016

I was brought in for Phase 3 of the collections project and we brought in FICO in 2012,” Bander recalls. 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. It was an interactive, collaborative process.

Consulting

Finovate

AUGUST 6, 2024

At the conference, the company demoed its Data-Driven Mortgage solution which leverages high-fidelity data sources to drive down origination costs, maintain digital compliance, and provide a positive user experience for borrowers. Headquartered in San Francisco, California, and founded in 2012, Blend is a publicly-traded company on the NYSE.

Instant Payments

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. Mortgage Borrowers: Increases and Decreases to Their FICO Scores.

Research

PYMNTS

MAY 6, 2016

The Walmart greeter officially said goodbye in 2012 — but now they’re back. The Walmart greeter was an innovation original to Walmart founder Sam Walmart, but the position was cut four years ago as a cost-saving mechanism and repurposed to store management and customer service functions.

Returns

CB Insights

OCTOBER 29, 2018

On the eve of Yahoo’s acquisition of social networking platform Tumblr, then Yahoo CEO Marissa Mayer wrote a Tumblr post promising “not to screw it up.” Date: March 21, 2012. Date: 2012. Yahoo and Tumblr. Date: May 20, 2013. Price: $1.1B. Zynga and OMGPOP. Price: $210M. a viral gaming hit for iOS and Android.

Acquirers

CB Insights

SEPTEMBER 22, 2017

As smaller digital media startups focus on short-form video, the big 4 subscription streaming services — Amazon, HBO, Hulu, and Netflix — are competing for market share by doubling down on long-form original content. Apple has reportedly set a budget of roughly $1B for investment into original video programming over the next year.

Origination

PYMNTS

MAY 4, 2018

The retail chain originally launched LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. Since its debut, LEASE IT has processed over one million leases, which prompted Sears to offer it on a grander scale. “To

Finance

Fintech News

APRIL 10, 2025

Using a mobility-led approach via the Svamaan App, it streamlines loan origination, management, and collections. million THECHEAT makes it to the list of fastest-growing Asia fintechs, and has been providing financial fraud prevention services since 2012. Svamaan Financial Services Absolute growth rate: 1065.07% Revenue (2023): $20.56

FinTech

Payment Savvy

JUNE 18, 2020

According to analysts, in 2012, it was observed that SWIFT facilitated up to $6 trillion per day. These codes comprise those of an institution, it’s country of origin, location, and Branch. The post What is SWIFT? In 2015, more than 6.1 billion payment instructions were sent through the network. How Does SWIFT Works?

SWIFT

Finovate

AUGUST 14, 2024

Founded in 2012 and headquartered in New York, Socure most recently demoed its technology on the Finovate stage at FinovateFall 2017. Photo by Patrick Tomasso on Unsplash The post 3 Ways Fintechs are Helping Financial Institutions Fight Fraud appeared first on Finovate.

Credential

PYMNTS

DECEMBER 14, 2020

Facebook and Google could face financial penalties in the millions of dollars if they don’t follow potential legislation introduced into the parliament of Australia that would require Big Tech to pay for news content that they show, The Washington Post reported. FTC, 46 States Start Large Antitrust Suit Against Facebook.

Federal Trade Commission

PYMNTS

AUGUST 13, 2016

It was set during the original Greek Games in 152 BC. Nike 2012: The Gold Standard In Stealing The Spotlight (Part 2). After 1996, the IOC made some changes and while the stricter rules were effective for a while, in 2012 Nike managed its second gold medal in spotlight stealing. That makes 22 career gold medals, and 26 in total.

Rules

CB Insights

AUGUST 16, 2017

The startup originally targeted endocrinology and diabetes care, but has since expanded into new specialties, including primary care and oncology. Symphony (formerly Perzo, founded in 2012) offers a cloud-based communication and content sharing platform for financial services businesses. Symphony communication services. Valuation: $1B.

Payment APIs and Integration

Fintech Labs Insights

NOVEMBER 16, 2015

The program seeks diversity among participating startups, encouraging companies with different levels of funding, team sizes, revenues earned and place of origin to apply. Founded in 2012 and headquartered in Herzilliya, Israel, VATBox demonstrated its Automated VAT Recovery and Visibility platform at FinovateEurope 2015 in London.

Visa

PYMNTS

FEBRUARY 27, 2019

and its owner, Naftula Jacobowitz,” whom the FTC said “resolved allegations that they made false and unsubstantiated claims for their garcinia cambogia weight-loss supplement, and that they paid a third-party website to write and post fake reviews on Amazon.com.”. The case involves “Cure Encapsulations, Inc. FTC Penalty. Power of Reviews.

FTC

PYMNTS

OCTOBER 26, 2016

The San Francisco-based company was founded in 2012 by two hackers who wanted to empower the world to help companies pair up with hackers who wanted to “do the right thing” and solve unforeseen issues. AB: The two cofounders were originally hackers. So, this transparency was originally an issue. PYMNTS: How did HackerOne start?

Origination

Finovate

MAY 3, 2024

Photo by Sushil Ghimire The post Finovate Global Denmark: Financing Spend Management Solutions and Small Business Tools appeared first on Finovate. The company began this year with a new chief financial officer, Søren Westh Lonning who had been working with the company in an advisory capacity.

Small Business

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

Fintech News

MARCH 26, 2024

19 Speedhome (Malaysia) Speedhome is now known as Speedrent Technology Sdn Bhd, but originally established in 2015 with a mission to enhance home rental protection and improve renting efficiency. 27 TheCheat (South Korea) TheCheat is a South Korean fintech company founded in 2012, focusing on cybersecurity and financial fraud prevention.

FinTech

CB Insights

MAY 9, 2019

We begin with Google’s self-driving car project and go backward, all the way to the innovations of the post-WWII era. In 2012, Google co-founder Sergey Brin stated that self-driving cars would be available to the general public in 2017. The original Ethernet cable carried only 3 Mbps. Waymo (Google X).

Innovation

Fintech Labs Insights

JULY 16, 2015

SME business owners using the platform can sort bills by due date, vendor, and amount; change payment dates and amounts, and originate payments from more than one bank account. The mobile app also provides a complete payment history, including access to the original invoices.

Small Business

Fintech Labs Insights

SEPTEMBER 9, 2014

The company launched today at TechCrunch Disrupt ( see full presentation here , at bottom of post ). For example, Wells Fargo has a $3,000 minimum deposit and $75 origination fee. Source: NY Times, 6 Feb 2012. That''s created a Catch-22 around new credit that Denver-based startup Self Lender looks to address.

Credit Union

PYMNTS

AUGUST 21, 2017

Over Labor Day weekend in 1995, Pierre Omidyar wrote the original code in his living room for the company that would later become known as eBay. Post the PayPal split, it became the only thing on which that analysts and investors focused. Facebook Gifts was launched in 2012, which sounded like a logical slam dunk for a social platform.

PayPal

PYMNTS

SEPTEMBER 24, 2018

The job description Bell reportedly posted was interesting: qualified candidates must have long arms — switchboards were tall — and be unmarried, since it was a 24/7 job. It was Alexa , not Siri — despite being a part of the iPhone experience since 2012 — that put voice on the map as a powerful consumer access channel.

Consumer

Fintech Labs Insights

JULY 29, 2015

While the first ( on left above ), unveiled in Oct 2012 , was a massive rebuild, the latest is a more of a large remodel. I was not a huge fan of the 2012 version, so I’m glad to see the improvement, especially downsizing the page-dominating login area. My advice, stick to facts, tutorials, and links to third-party resources.

Credit Union

CB Insights

JULY 31, 2017

Since 2012, Facebook has acquired three startups for $1B or more: photo sharing app Instagram for $1B in Q3’12, messaging company WhatsApp for $16B – $22B in Q1’14, and most recently, VR gaming developer Oculus VR for $2B in Q3’14. Original video content. Original video content — Musical.ly 3D content.

Acquirers