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

Fintech News

APRIL 13, 2025

Billion One of Indias original fintech pioneers, Paytm has been a household name since the early days of mobile wallets and QR-code-based payments. Launched in 2016, Digit offers over 50 product lines. Launched in 2016, Acko has set itself apart by embedding insurance into popular consumer platforms.

FinTech 74

FinTech Online and Mobile Banking Finance Push-to-Card 74

PYMNTS

OCTOBER 26, 2016

The brand new October 2016 Global Fraud Attack Index™ , a PYMNTS and Forter collaboration, has some scary news for retailers, and it has nothing to do with Halloween. The rate of fraud attacks is up 39 percent in 2016 (through Q2), and the rate has risen 62 percent from Q3 2015. out of $100 is at risk for luxury goods.

Fraud Prevention 77

Fraud Prevention Risk Origination Transactions 77

PYMNTS

SEPTEMBER 1, 2020

The San Francisco-based financial services giant’s decision to launch the checkless account, which has a monthly fee of $5, comes as Wells Fargo looks to reshape an image badly tarnished after 2016 revelations that bank employees opened millions of phony accounts in order to meet sales quotas.

Digital Payments 93

Digital Payments Accounts Zelle Online and Mobile Banking 93

Finezza

SEPTEMBER 24, 2024

The launch of UPI in 2016 has transformed the financial landscape in India. However, there remained a gap in how the credit was accessed. India’s credit access and repayment system is a lengthy and cumbersome process that feels like a trap more than a solution.

Process 96

Process Posting Origination FinTech 96

CB Insights

APRIL 27, 2017

Using our patents search engine, we have unearthed a newly-published patent application from Airbnb, which was originally filed in October 2016. The patent application, titled “Beam Device Architecture,” describes a system to compress cellular data, allowing people to more easily … Continued.

Origination 56

Origination Continuity 56

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

FICO

DECEMBER 21, 2016

That’s one reason that TBC Bank won the 2016 FICO Decisions Award for Customer Onboarding and Management. TBC Bank is the first in the country of Georgia to introduce omni-channel capabilities to improve its originations strategy. The cost to originate a loan decreased by 50 percent due to lowered manual review processes.

Origination 60

Origination ATM Advisors Automation 60

PYMNTS

NOVEMBER 13, 2020

The original Expeditions Pioneer Program launched in 2015 for educators and in 2016 was made available on the Android operating system. “As always, we’ll continue to share updates, user tips and gather feedback, and we look forward to continuing our support for the educational journeys of people around the world,” she added.

NOV 88

NOV Participant Origination Continuity 88

Axway

NOVEMBER 18, 2020

The origins of Customer Reliability Engineering. Customer Reliability Engineering (CRE) is a practice that was initiated by Google in 2016 , following the success and value brought by their Site Reliability Engineering (SRE) team. The Google SRE team is responsible …

Origination 52

Origination 52

Fintech Review

MAY 14, 2025

The concept originated with the UKs Financial Conduct Authority (FCA) in 2016 and has since spread globally. The aim is to let startups validate ideas, understand regulatory expectations, and launch safer, more compliant products into the broader market.

Innovation 52

Innovation FinTech Regulations Cross-Border 52

The Fintech Times

SEPTEMBER 27, 2024

In 2016, the Central Bank of Myanmar (CBM) issued regulations for mobile financial services (MFS), creating a safe regulatory framework. Wave Money, a joint venture between Norway’s Telenor, Yoma Bank and First Myanmar Investments, became the first MFS provider in the country. However, it is unclear whether this program remains active today.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

PYMNTS

OCTOBER 10, 2018

Filed in July 2016, the patent goes on to explain that “the transaction records stored in the blocks comprising a blockchain are often required to be of the same format and include the same types, and sometimes even sizes, of data.” The application , which was originally filed in September 2017 and was released by the U.S.

Blockchain 79

Blockchain Visa Blocks Credential 79

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

PYMNTS

OCTOBER 11, 2018

Cotter added that the solution stems from an internal program developed at American Express in 2016, where the company deployed a similar service to its own vendors. Companies then pay American Express back on the original invoice payment date. Companies can have American Express finance their early invoice payments.

Wire Transfer 71

Wire Transfer Payments Wire Wires 71

PYMNTS

OCTOBER 11, 2019

The complaint claims that Calibra’s logo is too similar to Current’s, which the FinTech has been using since August of 2016, CoinDesk reported. The logos have similar stories of origin, as they were both reportedly made by the Character branding firm out of San Francisco.

Money Laundering 71

Money Laundering Legal Digital Currency Privacy 71

PYMNTS

JUNE 1, 2020

The task force was looking to “offer an origination and underwriting platform that will allow banks, alternative lending platforms and private debt lenders to digitally allocate funding to businesses during the global coronavirus (COVID-19) outbreak,” according to the report.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

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

PYMNTS

JANUARY 29, 2019

In addition, Acorns announced a partnership with CNBC to produce original content, which aims to reach a less financially savvy audience. As a result of this latest investment, Acorns is one step closer to reaching unicorn status, with its valuation now three times higher than it was after its last funding round in 2016.

FinTech 70

FinTech Advisors Credit Cards Origination 70

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

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. Account Origination Analysis Shows Shift in Risk. The average FICO® Score increased by 6 points between 2016 and 2017. The FICO Score in Russia.

Accounts 45

Accounts Origination Risk Credit Risk 45

PYMNTS

NOVEMBER 7, 2018

LendingClub reported double-digit loan origination growth in the third quarter, outpaced by a jump over the same period for application. The company said it had loan originations of $2.9 billion, which represented a record in terms of quarterly originations and which was up 18 percent year on year.

Federal Trade Commission 63

Federal Trade Commission Origination Adjustments Credit Cards 63

The Paypers

JULY 5, 2022

To further expand on the ongoing partnership started in 2016, AS DelfinGroup has incorporated Nordigen 's Open Banking platform to add to their technological toolkit and improve their loan origination and credit assessment procedures.

Procedures 41

Procedures Process Assessments Origination 41

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

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 Returns Underwriting 54

PYMNTS

AUGUST 27, 2019

In a press release , Citi said the CitiConnect platform has processed more than 157 million API calls since its November 2016 launch. Those API calls originate from corporate clients using the CitiConnect platform. Citi announced on Monday (Aug.

Treasury 63

Treasury API Payment APIs and Integration Real Time Payments 63

Finovate

FEBRUARY 13, 2024

” Originally founded in 2016, Wealthify demoed its online investing service at FinovateEurope 2017 and had raised $3.15 The UK-based company earned its banking license from the FCA in late 2016. million (£2.5 million) before being acquired by financial services giant Aviva in 2020. .

Accounts 59

Accounts API End User Origination 59

PYMNTS

NOVEMBER 25, 2020

Dreams rolled out in Sweden in 2016 and Norway in 2018. Singapore’s financial watchdog is reportedly keeping with the original plan to award digital banking licenses by the close of 2020, no matter how tight the scrutiny is in the United States and China. FinTech Oportun Seeks US National Bank Charter.

Office of the Comptroller of the Currency 64

Office of the Comptroller of the Currency OCC FinTech Authorization 64

PYMNTS

SEPTEMBER 15, 2016

One of the most glaring examples here can be traced to the June 2016 Brexit vote. Exchange rates should be checked daily, as well as treasurers knowing where their data feeds originate and how accurate those feeds may be. Many of those events have played out on world stages with an element of surprise.

Treasury 62

Treasury Risk Origination Checks 62

Finovate

AUGUST 6, 2024

Founded in 2016, Astra is headquartered in Menlo Park, California. Blend demoed its technology at FinovateSpring 2016. In December, the company announced a partnership with merchant connectivity platform Knot to enable seamless card switching with instant funding.

Instant Payments 59

Instant Payments Deposit Account Payment APIs and Integration Credit Union 59

Finovate

JUNE 26, 2024

Israel-based Earnix made its Finovate debut at FinovateSpring 2016. Headquartered in Tel Aviv, Israel, and founded in 2001, Earnix made its Finovate debut at FinovateSpring 2016. The partnership will help property and casualty insurers enhance the pricing, rating, and underwriting process, as well as increase policy personalization.

Underwriting 59

Underwriting Regulatory Compliance AI Consulting 59

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 AI 63

PYMNTS

DECEMBER 10, 2016

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. When all the shares were accounted for, Lending Club’s original IPO managed to pull in more than $1 billion — slightly beating expectations and making it the seventeenth-largest U.S.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

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.

Accreditation 130

Accreditation Returns Regs Origination 130

FICO

FEBRUARY 25, 2019

Risk in Bankcard Originations on the Rise. Since 2015-2016, we have observed a shift downwards in the relationship between repayment odds (defined as the number of on-time payers for every one defaulter) at a given FICO® Score in the U.S. This shift has been most notable for the bankcard originations population.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

PYMNTS

APRIL 18, 2019

In the original post, Facebook said the exposed Instagram passwords numbered in the thousands. The original blog post by Facebook was a response to an investigation by cybersecurity reporter Brian Krebs, who discovered that up to 600 million passwords were exposed.

Origination 49

Origination Database Cybersecurity Privacy 49

CB Insights

NOVEMBER 1, 2018

It was originally a dating site that allowed singles to upload videos of themselves talking about what they wanted in a partner. Source: Shopify Investor Deck 2016. Groupon originated as an online platform called The Point , which allowed people to come together to support causes that were important to them.

PayPal 76

PayPal Origination Acquirers On-Demand 76