PYMNTS

FEBRUARY 20, 2020

But it seems that despite being Swedish in origin, furniture and home goods seller IKEA appears to be taking a literal page from the American Founding Father’s playbook in the most literal ways possible. The first hurdle will be privacy and whether consumers easily sign that over in the hopes of capturing a reward.

Consumer 75

Consumer Online and Mobile Banking Crime Returns 75

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

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

PYMNTS

DECEMBER 27, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The Emergence Of The Global Citizen. 2016 saw more people transacting across borders in larger sums than ever before.

Cross-Border Payments 45

Cross-Border Payments Cross-Border Payee Payer 45

PYMNTS

SEPTEMBER 1, 2020

1) rolled out a new, no-overdraft-fee banking account aimed at consumers new to banking or who want help managing their expenses, with access as well to Zelle, a digital payments service. Wells Fargo on Tuesday (Sept. bank account, the bank noted in its announcement.

Digital Payments 93

Digital Payments Accounts Zelle Online and Mobile Banking 93

FICO

MAY 10, 2018

Alliant Credit Union , one of the largest credit unions in the United States, has transformed its consumer lending business and is exceeding its lending goals since implementing FICO technology solutions in 2016. Alliant started using the new CLOS for auto loans and credit cards in late 2016.

Credit Union 61

Credit Union Origination Credit Cards Process 61

Fintech Review

MAY 14, 2025

Safeguards protect consumers, ensure market stability, and maintain trust. However, they must still meet basic consumer protection, anti-money laundering , and operational resilience standards. The concept originated with the UKs Financial Conduct Authority (FCA) in 2016 and has since spread globally.

Innovation 52

Innovation FinTech Cross-Border Regulations 52

PYMNTS

MAY 5, 2016

In fact, in Q1 2016, Chapter 11 filings from commercial companies actually fell 5 percent across the board. Just a few short months into 2016, several standbys have already filed the appropriate paperwork to try to drag themselves slowly back to the black, while others are heading towards complete liquidation. January — Wet Seal.

Authorization 44

Authorization Legal Origination Agreements 44

PYMNTS

OCTOBER 8, 2018

Bloomberg cited sources that claim the company’s Marcus unit has slashed its loan originations target for next year. The news comes as a bit of surprise, given that earlier this year, it was revealed that Marcus had issued $3 billion in new consumer loans since launching in October of 2016 through the first quarter of 2018. “We

Origination 60

Origination Consumer Accounts Continuity 60

FICO

FEBRUARY 23, 2022

New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. Globally, consumers had the least amount of concern around being tricked into sending payments to a fraudster (less than 7%), even lower than their stated concerns about being pickpocketed (7%).

Scams 52

Scams Consumer Fraud Detection Smishing 52

CB Insights

DECEMBER 7, 2017

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac. Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years.

Non-Bank 69

Non-Bank Online and Mobile Banking Origination Underwriting 69

FICO

FEBRUARY 23, 2022

New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. Globally, consumers had the least amount of concern around being tricked into sending payments to a fraudster (less than 7%), even lower than their stated concerns about being pickpocketed (7%).

Scams 98

Scams Fraud Detection Smishing Fraud Prevention 98

Fintech News

JUNE 18, 2024

These professionals are acknowledged not only for managing large advertising budgets or market shares, but also for engaging and inspiring consumer communities through meaningful work and impactful actions. Jin joined Visa in May 2016 as head of marketing for Greater China.

APACS 113

APACS Visa Consumer Credit Cards 113

FICO

NOVEMBER 22, 2018

Many lenders in markets outside the US use FICO® Scores to assess the risk of consumers applying for loan, but don’t continue to monitor those consumers’ risk using the FICO Score. Account Origination Analysis Shows Shift in Risk. In 12 months, the average score for this group of consumers has dropped by 11 points.

Accounts 45

Accounts Origination Risk Credit Risk 45

PYMNTS

DECEMBER 14, 2018

Facebook, for example, has faced controversy since consumers learned that it allowed Cambridge Analytica to harvest information from approximately 87 million profiles without consent during the 2016 presidential election. financial services sector as consumers embrace digital technology for the banking and retail industry.

Payments 72

Payments Online and Mobile Banking Regulations Faster Payments 72

FICO

FEBRUARY 25, 2019

Here are three key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage. Momentum is high in the consumer-contributed data space: consumers are getting more comfortable with sharing their data , provided they are presented with clear benefits for doing so.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

Finovate

AUGUST 6, 2024

This will enable Blend customers to drive digital engagement beyond the initial application capture, lowering abandonment rates and helping consumers complete applications faster. “Today consumers expect a frictionless, real-time product experience, and that starts at account opening,” Astra CEO and Co-Founder Gil Akos said.

Instant Payments 59

Instant Payments Deposit Account Credit Union Payment APIs and Integration 59

PYMNTS

DECEMBER 24, 2020

Airbnb did reportedly move its widely anticipated IPO from the spring to late fall, but went public in December at $68 a share — way above both its original pricing range of $44 to $50 and an upwardly revised $56 to $60. Co-founded in 2011 by Facebook veteran Doug Hirsch (now GoodRx’s CEO), the company has operated in the black since 2016.

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

PYMNTS

AUGUST 14, 2020

As GM cars are fitted with various smart features into their dashboards, consumers could use the card to connect with businesses directly from their vehicles. Goldman has already been pushing into consumer credit, most notably with its 2019 team-up with Apple on the Apple Card. What are U.S.

Push-to-Card 98

Push-to-Card Credit Cards Contactless Payments On-Demand 98

PYMNTS

NOVEMBER 8, 2018

After the terms of the settlement were announced, the Financial Times ( FT ) reported that the company failed to prevent “at least $125 million” in fraudulent transactions from being completed between April 2015 and October 2016. This announcement came separately on Thursday.

FTC 64

FTC Settlement Federal Trade Commission Fraud Prevention 64

PYMNTS

APRIL 7, 2020

Originally launched to help businesses get prompt, genuine reviews, Podium now also supports mobile payments , webchat and customer messaging. “Over the past five years, we have seen the fundamental way consumers interact with a local business change,” said Rea, co-founder and CEO. Podium has raised $92.6

Contactless Payments 66

Contactless Payments Payments Origination Continuity 66

PYMNTS

DECEMBER 10, 2016

The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. But, of course, for those know how the story turned out at Lending Club in 2016, well, the exciting potential quote drew something of a chuckle. Loan originations were down, and defaults were higher than expected.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

PYMNTS

MARCH 22, 2019

The latter firm had been one of the investors in the original $1 million seed round raised by Thinknum in 2014. As noted by VentureBeat , the five-year-old firm has been profitable since 2016. Thinknum , which provides web-sourced alternative data, has garnered $11.6

FinTech 71

FinTech Origination Funds Transfer Acquirers 71

CB Insights

OCTOBER 19, 2018

Goldman Sachs introduced Marcus — its digital consumer bank — in October 2016. While Marcus is being developed in-house, Goldman has been active in M&A deals to strengthen its consumer bank. customers — accruing $26B in deposits and $4B in total loans originated. Goldman Sachs Strategy Teardown.

Acquirers 58

Acquirers Credit Cards Origination Product 58

Fintech News

JULY 23, 2024

CapBay (Malaysia) CapBay is an award-winning supply chain finance and P2P financing platform established in 2016. Crypto.com (Singapore) Founded in 2016 and headquartered in Singapore, Crypto.com is a leading cryptocurrency platform. DBS Bank offers a comprehensive range of services in consumer, SME, and corporate banking.

FinTech 133

FinTech Online and Mobile Banking Multi-Currency Non-Bank 133

PYMNTS

AUGUST 25, 2019

The original founder Andre Durand is still on board, although the company was acquired in 2016 by Vista for about $600 million. The Colorado-based online ID management company Ping Identity is going public and is trying to raise up to $100 million in an IPO on the Nasdaq exchange under the ticker “Ping,” reports said on Friday (Aug.

Breach 63

Breach Data Breach Authentication On-Demand 63

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 build-back from the revelations of 2016 was a bit more of a lengthy process.

P2P 54

P2P Origination Underwriting Returns 54

PYMNTS

FEBRUARY 27, 2019

Sometimes, though, that ideal of speed can and even should take a back seat to content — the type of content designed to pull in sophisticated or specialized consumers, the type of content that can seem out of place during this time of reduced attention spans and proud, aggressive multitasking. consumers in 2016, down from the peak 19.6

Consumer 85

Consumer Product Research Origination 85

FICO

JUNE 22, 2016

Pew Research, 2016 ). This is in contrast to older, wealthier consumers (earning >$100k per year) that are seeking travel or cash-back rewards, no foreign transaction fees and strong security features. Segmentation and analytics are the key for matching the right consumer with the right offer. Segmentation.

Card Issuer 67

Card Issuer Credit Cards Issuers Debit Card 67

PYMNTS

NOVEMBER 25, 2020

Dreams rolled out in Sweden in 2016 and Norway in 2018. Oportun CEO Raul Vazquez said the charter would let the firm reach 100 million low or moderate-income (LMI) consumers domestically that the firm desires to reach. FinTech Oportun Seeks US National Bank Charter. Oportun Financial has sought a national bank charter with the OCC.

Office of the Comptroller of the Currency 64

Office of the Comptroller of the Currency OCC FinTech Authorization 64

PYMNTS

SEPTEMBER 19, 2016

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. As Facebook’s ad revenue comes increasingly from mobile, the company is competing for consumer attention.

Payments 80

Payments P2P Bots PayPal 80

PYMNTS

MARCH 6, 2017

Amazon Elements now sells Turmeric Root Extract, Calcium Complex, Vitamin D2 and Vitamin K2 supplements—all with ‘transparent origins’ According to the product page, each supplement bottle comes with a QR code that allows buyers to access quality reports, product origins and a list of ingredients.

Origination 51

Origination Product Consumer Continuity 51

FICO

JANUARY 21, 2020

However, some lenders can miss opportunities by not continuing to monitor those same consumers’ risk profiles once the credit has been granted to them. I will share a recent analysis completed on South African data for both new lending and existing consumers. Account Origination Analysis Shows Downward Shift in Risk.

Credit Risk 52

Credit Risk Risk Economy Origination 52

PYMNTS

OCTOBER 13, 2016

Our data indicates that more retailers are adopting Fulfillment by Amazon [FBA] for shipping and handling and to stay in front of the Prime consumer … If you’re not using FBA, you’re likely losing share,” said Scot Wingo, executive chairman of ChannelAdvisor, in March. 2016, only 2.2 10, it would have to wait until Dec.

Origination 63

Origination Product Service Provider Consumer 63

PYMNTS

MAY 2, 2017

Signs of increasing weakness in consumer credit have been mounting for the last several months. As of January 2016, 43 percent of borrowers were behind in their payments or had stopped making them all together. That brings the total value of federal loans originated by financial institutions (FFEL) and the DoE in default at $137.4

Consumer 41

Consumer Caps Issuers Risk 41

Wharton Fintech

AUGUST 21, 2023

When we first started talking about this, you know, in 2016, and the need for portfolio diversification, you got a lot of blank stares; most people were still of the school that 60/40 is what you do, meaning 60% public equities / 40% public bonds. In large part, they’re beyond our control.

Accreditation 130

Accreditation Returns Regs Origination 130

PYMNTS

JUNE 5, 2018

It had to continually rebrand itself to keep up with changing consumer sensibilities around health. McDonald’s is far from the only QSR turning to alternative ordering methods to increase consumer choice. interactive kiosk market was worth $717 million in 2016, the most recent year for which data was available. The Kiosk Wave.

Origination 69

Origination Checks Consumer Technology 69