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 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

APRIL 6, 2016

In reference to methodology, NACHA’s survey extended across January and February, with 22 of the largest 25 ACH originating institutions responding. Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” Janet O.

Same Day ACH 46

Same Day ACH ACH NACHA AAP 46

Fintech News

FEBRUARY 27, 2024

billion in 2023 , half of the previous year’s amount, and deal volume slipping 38% to 3,801, the lowest levels since 2017 — 2024 could see at least one fintech IPO, if not a whole wave of related IPOs as companies seek to capitalise on high valuations and strengthening investor appetite.

FinTech 123

FinTech Risk Federal Reserve Compliance 123

Fintech News

JULY 23, 2024

CapBay (Malaysia) CapBay is an award-winning supply chain finance and P2P financing platform established in 2016. In 2023, the company processed over 50 million transactions and achieved annual volume close to US$80 billion. The company facilitates inclusive business financing using existing trade data and relationships.

FinTech 133

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

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

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

FEBRUARY 1, 2017

billion origination threshold, while also giving investors some insight into its borrowers and its plans for the future. The company’s main types of loans are automobile (34 percent of the total origination value), debt consolidation (31 percent) and home improvement (20 percent). Zopa, the U.K.’s

Origination 43

Origination Volume Consumer Finance 43

PYMNTS

OCTOBER 16, 2018

billion in deals reached in H1 of 2016. While Chinese exporters surged trade volumes in September, in an effort to avoid the upcoming tariffs on $200 billion worth of exports to the U.S. According to CNBC reports, foreign M&A by Chinese companies has slowed in the first half (H1) of 2018, with deals totaling $22 billion for H1.

Disputes 65

Disputes Risk Legal Compliance 65

PYMNTS

AUGUST 12, 2019

“This has been driven by a deterioration in the consumer credit environment since 2016, which affects smaller and younger companies,” the firm stated last week. both banks and alternative lenders say they’re experiencing an increase in small business loan volume. ” Meanwhile, in the U.S., and the U.K.

Small Business 57

Small Business Volume On-Demand Community Banks 57

PYMNTS

MARCH 2, 2018

million from original estimates. percent | Percentage of small businesses that expressed optimism about accessing loans from the segment of the financial services industry in Q1 2016, according to a study by alternative financial firm deBanked and investment bank Bryant Park Capital. million | Number of U.S.

FinTech 40

FinTech Data Breach Breach Checks 40

Finovate

FEBRUARY 6, 2024

Alloy made its Finovate debut at our developers conference, FinDEVrSilicon Valley 2016. Founded in 2015 and headquartered in New York City, Alloy made its Finovate debut at our developers conference, FinDEVrSiliconValley 2016. Embedded finance platform Liberis has teamed up with identity risk management innovator Alloy.

Risk Management 59

Risk Management Risk Embedded Finance Compliance 59

FICO

AUGUST 2, 2016

Toyota Financial began emphasizing collections after the 2008 financial crisis, when a surging volume of delinquencies exceeded the reach of its internally developed decision framework. “I We are now taking nominations for the 2016 FICO Decisions Awards - if you've got a great story to share, we invite you to apply!

Consulting 74

Consulting Credit Cards Service Center Continuity 74

PYMNTS

APRIL 18, 2018

“We are looking at an industry that did $10 million of annual volume,” he said. These numbers are from KPMG in 2013, and in 2016 that had grown to $220 million.”. Breslow said OnDeck’s own estimates of its performance in Australia suggest the company “could see around $700 million of annual volume just here in Australia” in 2018.

FinTech 43

FinTech Small Business Volume Finance 43

The Fintech Times

MAY 1, 2024

per cent) also saw an increase in the volume of complaints. According to the FCA, since 2016 H2, current accounts have remained the most complained about product. In fact, complaints about Payment Protection Insurance (PPI) heavily inflated the total number of complaints between 2016 and 2020. Meanwhile, home finance (up 3.7

Consumer Financial Protection Bureau (CFPB) 59

Consumer Financial Protection Bureau (CFPB) Volume Consumer On-Demand 59

PYMNTS

JUNE 12, 2017

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

OCTOBER 13, 2017

Between April 2016 and March 2017, the NAR reported that overseas buyers spent $153 billion on U.S. The report also noted real estate purchased by foreign buyers accounted for 10 percent of all existing home sales by dollar volume. properties, China is the top country of origin for foreign buyers, according to the NAR.

Cross-Border 68

Cross-Border On-Demand Wire Transfer Origination 68

PYMNTS

JUNE 6, 2017

We’ll give a daily double for the first data point, as it’s number of ACH transactions, and the second is quoted in terms of dollars over the whole calendar year of 2016. They grew over 5 percent in 2016.”. This is the number of Same Day ACH transactions that flowed over the ACH network since launch in September of 2016.

Same Day ACH 47

Same Day ACH ACH ACH Network NACHA 47

PYMNTS

JANUARY 25, 2017

Some strong news out of Discover Financial yesterday as it reported its Q4 2016 earnings — the Riverwoods, Ill.-based “We are proud of all we accomplished in 2016, including record originations in personal and student loans as well as strong new card account growth, all of which helped us to achieve nearly 7% loan growth.

Credit Cards 43

Credit Cards Volume Origination Returns 43

PYMNTS

SEPTEMBER 15, 2017

From September 2016 through July of 2017, said Larimer, there have been 42 million same-day ACH credit transactions, with a corresponding total of more than $57 billion. From an origination perspective, that process is not mandatory, but here again, many larger firms and financial institutions “are ready to go from day one.”

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

CB Insights

FEBRUARY 13, 2020

In 2009, a decade after PayPal started offering online payments, San Francisco-based startup Square brought payments innovation to the point-of-sale , allowing businesses with smaller transaction volumes to accept card payments with its card reader and mobile phone card reader. on payment volume. Get the full report.

Online and Mobile Banking 98

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

PYMNTS

OCTOBER 11, 2017

percent in 2016 down to $269 billion. percent increase in SMB lending among large banks (FIs with more than $10 billion in assets) between 2015 and 2016 — and also by the fact that previous years saw community banks with higher loan origination volumes than large banks, researchers noted. percent in 2015 to 15.9

Community Banks 43

Community Banks Federal Reserve Fed Small Business 43

PYMNTS

MAY 15, 2017

The move is likely to slow growth in the short term, however, said the company; CFO Howard Katzenberg said on a conference call that the stricter requirements are expected to lead to a 20 percent drop in loan originations in Q2 but did tell investors that the company would be focusing more on lending directly to SMEs.

Finance 41

Finance Consumer Financial Protection Bureau (CFPB) CFPB Small Business 41

FICO

JUNE 18, 2018

High volumes of NPL can cause a significant drag on a bank’s performance in the form of. These efforts are having an effect, and the total NPL volume fell from its €1 trillion high in 2016, but still exceeds € 840 billion. A large percentage of debt sale transactions originated from this block during last few years.

Blocks 63

Blocks Non-Bank Risk Volume 63

Nanonets

MAY 14, 2024

While this approach is fast, it might not preserve the format of your Excel table, and any future modifications to the original Excel file will not appear in the Word document. Changes to the original Excel file will not be reflected in the embedded object within the Word document. The formatting of the Excel table is preserved.

Origination 52

Origination Automation Process Database 52

PYMNTS

APRIL 5, 2018

Just over 80 percent — or 82 percent — of surveyed financial institutions (FIs) anticipate SDA debit volume will grow at a rapid or steady rate in next six to nine months. The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months.

Economy 43

Economy Zelle Same Day ACH P2P 43

PYMNTS

MAY 16, 2018

According to a report in CNBC, Noto used the letter, which was obtained by CNBC, to highlight key milestones like its Sofi at Work program, which hooks up with companies to help employees pay down their student loans and other debt, which has seen its funded loan volume increase by 118 percent from a year earlier.

Advisors 40

Advisors Origination Volume Addressing 40

PYMNTS

JULY 18, 2017

It’s reported that Upgrade’s loan volumes are growing and that it intends to add new asset managers to its roster over the next half year. Word of Upgrade’s launch first hit the wires in late 2016 with few details — so few that even the media got the name wrong.

Volume 49

Volume Risk Risk Management Blockchain 49

PYMNTS

NOVEMBER 27, 2018

The Mortgage Bankers Association (MBA) reports that new home mortgage originations are at their lowest levels in years. That said, originations are also down 5 percent year on year. trillion in mortgage originations that happened in the first nine months of 2018, roughly 52 percent came care of non-bank lenders.

Non-Bank 46

Non-Bank Underwriting Federal Reserve Origination 46

Finextra

JULY 7, 2025

In 2016, our AI-powered super app concept gained global recognition. On the customer side, AI assistants can handle 20 million chats around the clock—driving record engagement and a 150 percent jump in satisfaction scores even as call-center volumes fall by half. It expresses the views and opinions of the author.

AI 64

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 64

PYMNTS

OCTOBER 25, 2017

Delving into the numbers a bit, the company said that Discover card sales volumes were up five percent compared to the third quarter of last year. Payment services transaction dollar volume was $51.6 percent, about 56 basis points higher than the third quarter of 2016. Total revenues were $2.5

Credit Cards 40

Credit Cards APACS Volume Issuers 40

CB Insights

FEBRUARY 12, 2019

The growing volume of time-stamped data from IoT devices is reviving interest in the decades-old database system. Data lineage is the record of origin, movement, and modification of data over time. As datasets become larger and more complex, understanding their origins is a necessary first step to achieve compliant data governance.

Database 55

Database CHIPS Automation Origination 55

Fintech News

SEPTEMBER 4, 2024

Similarly, Slice, originally a BNPL firm, has transitioned to offering prepaid credit cards and is now merging with North East Small Finance Bank. Axio has successfully reached around 10 million credit customers and boasts an annualized disbursal volume of over US$1 billion. Other companies are adjusting their business models.

BNPL 107

BNPL Online and Mobile Banking Credit Limit Credit Cards 107

PYMNTS

MARCH 2, 2018

” A study by deBanked and Bryant Park Capital in 2016 aimed to assess confidence in the merchant cash advance industry, and found that 91.7 percent of small businesses in Q1 2016 expressed optimism about accessing loans from this segment of the financial services industry. We come in un-collateralized.”

Small Business 47

Small Business Underwriting Database Assessments 47

PYMNTS

OCTOBER 14, 2016

Last year, parent company FedEx experienced 15 percent growth in peak season volume and delivered more than 325 million packages, which exceeded previous holiday season records, Hull said. The peak of international holiday shipping (originating from the U.S.) typically occurs shortly before the rush for domestic holiday shipping.

Cross-Border 68

Cross-Border Cross-Border Payments PayPal B2B 68

PYMNTS

NOVEMBER 9, 2018

While the 2016 election came with accusations that Facebook was ground zero for fake news and Russian troll tomfoolery, the 2018 election seemed to bring forth a new and far more proactive Facebook when it came to policing political content on the platform. Volume gains were 22 percent for OnDeck in the third quarter.

Real Time Payments 61

Real Time Payments Data Breach Breach Blocks 61

Clearly Payments

MARCH 4, 2024

The operation also involved money laundering tactics to obscure the origins of stolen funds. Criminals took advantage of this anonymity to launder illicit funds by transferring them between accounts within the platform, effectively obscuring the money’s origins. Wirecard AG’s collapse and ensuing insolvency.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59