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

PYMNTS

FEBRUARY 12, 2019

But in 2017, the company took in capital at a valuation of $1.25 Now, Peloton is reportedly forecasted to choose underwriters over the weeks to come. The news comes after it was reported in 2017 that Peloton might have been looking to raise $120 million for a valuation of $1.2 billion, per unnamed sources.

Shutdown

PYMNTS

DECEMBER 28, 2020

A rapidly changing world, he said, meant changes for MercadoLibre as well, particularly in its underwriting business MercadoCrédito. While other players pulled back, he said, Mercado pushed forward and accelerated its underwriting business. It’s a bet, he said, that has paid off in the aftermath for a simple reason. million people, 1.7

Underwriting

PYMNTS

OCTOBER 10, 2018

And managing risk remains a challenge as underwriting is on the rise , in terms of how much money is being lent, the number of entities that are doing the lending and the expanding number of environments in which underwriting and digital payments products are being offered. economy in 2017. economy in 2017.

Risk

PYMNTS

JANUARY 22, 2019

According to sources cited by American Banker , the CFPB will remove the controversial underwriting rules that would have forced lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product. Last October, the CFPB announced it would “revisit” the rules.

Rules

PYMNTS

APRIL 11, 2018

But with new power comes new challenges: better credit underwriting standards , for example, or better internal management of data security and encryption keys. 76 percent: The amount Brighterion managed to lower defaults with AI-enhanced credit underwriting. 22 percent: The growth of digital payments in Vietnam in 2017.

Encryption

Fintech Labs Insights

JANUARY 11, 2017

In what The New York Times is calling The Great AI Awakening and Forbes has dubbed The Year of AI , 2017 is shaping up to be obsessively focused on artificial intelligence, a field that has been around for awhile (remember playing checkers against a computer?) Underwriting. but has finally matured to the point of usefulness.

AI

Finovate

JULY 18, 2024

AI technology company Stratyfy announced a strategic partnership with cash flow underwriting and data analytics platform Prism Data. AI technology company Stratyfy has forged a strategic partnership with cash flow underwriting and data analytics platform Prism Data. .”

Underwriting

The Fintech Times

JULY 29, 2024

Riziq Ishaq, head of property and deputy senior executive, HDI Global Riziq Ishaq has been appointed to lead the property underwriting line, and John Morrell will lead construction and engineering. Especially as we look to strengthen our relationships with brokers and clients by providing solutions through a local team of underwriters.

Underwriting

PYMNTS

SEPTEMBER 22, 2016

In a press release , the company said the financial institutions that are gearing up to join the future service in 2017 and 2018 have close to doubled since EBA CLEARING announced the development project in April. At the time of the announcement, there were 39 underwriting banks. EBA CLEARING announced on Wednesday (Sept.

Instant Payments

PYMNTS

DECEMBER 3, 2018

For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017. If underwriters can’t predict where security threats will come from, it’s very hard to reward companies for their security posture today.”. The bank claimed $2.4

Disputes

FICO

JULY 10, 2017

We have pulled the latest FICO Score distribution information based on a snapshot of millions of US consumers’ credit data as of April 2017, and can report that consumer credit health and responsibility continue to be strong! year-over-year decrease in the recent serious delinquency rate between April 2016 and 2017 (17.1%

Consumer

FICO

MAY 8, 2019

a leading payments technology company, has achieved significant results by creating a centralized underwriting management solution on the FICO® Decision Management Platform (DMP). Mon Pernia, head of consumer collections, Globe Telecom (2017 winner). Worldpay, Inc., Agile Response to Market.

Underwriting

PYMNTS

JANUARY 10, 2020

This partnership will allow us to build on our proven broad-based direct origination capability and rigorous underwriting process while meeting the demands of our borrowers for proprietary middle market corporate loans.” . “We appreciate the recognition of our expertise as an asset manager.

Finance

PYMNTS

JANUARY 10, 2020

This partnership will allow us to build on our proven broad-based direct origination capability and rigorous underwriting process while meeting the demands of our borrowers for proprietary middle-market corporate loans.” . “We appreciate the recognition of our expertise as an asset manager. ” In another statement, Bradley E.

Finance

PYMNTS

FEBRUARY 11, 2019

The survey, an annual report on non-banking activities, said there also remains a small risk of FinTech credit problems having an impact on the rest of the financial system, … but the risk could increase if banks and other investors underwrite those products. Closer to home, a payday loan regulation may be on the horizon, yet again.

Consumer Financial Protection Bureau (CFPB)

FICO

AUGUST 28, 2018

They were not sure how they could bake it into their underwriting process.”. Scoring Cyber Risk: No Standardized Underwriting Processes. I asked Josh about the difference between what Sasha had observed and how cyberinsurance underwriting is evolving at Aspen. he laughed. “We

Risk

PYMNTS

NOVEMBER 16, 2018

A press release issued this week said that BNB Bank, a community bank operating across the New York and Long Island metropolitan area, will integrate PayNet technology to enhance its underwriting process for small business loans.

Community Banks

PYMNTS

JANUARY 7, 2019

The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. But they have not provided lenders and banks with specific guidance on using the data in underwriting. Sandboxes, Gathering Steam.

FinTech

Finovate

SEPTEMBER 17, 2024

Finastra was formed via a merger between Misys and D+H in 2017. ” Prelim’s technology automates the application process, as well as internal processes such as reviewing, processing, underwriting, and servicing. Prelim made its Finovate debut in 2022.

Accounts

PYMNTS

OCTOBER 25, 2018

percent, in what Moody’s said is a “credit positive indicating tightening underwriting standards.” percent year-over-year increase in Q3 2017,” said the report. Drilling down a bit, according to the analysis by Warren Kornfeld of Moody’s , in terms of auto loan charge-offs, the rate declined by 27 basis points to 1.01

Credit Cards

PYMNTS

MAY 18, 2018

Over the next year, we believe delinquencies will rise a bit as lenders modestly loosen underwriting standards.”. Moody’s said it expects credit card charge-offs to total around 4 percent for 2018, an increase of about 30 to 40 BPS from 2017. percent increase from Q4 of 2017. percent, higher than the 5.3 percent and 4.9

Consumer

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

PYMNTS

FEBRUARY 26, 2019

Capital Advance is an extension of Payoneer’s Early Payments solution, which rolled out in 2017 as the company’s first step into seller financing. According to the company, current financing offerings are not always adequate to analyze risk and underwrite loans for eCommerce business models.

Finance

PYMNTS

DECEMBER 17, 2020

Way back in 2017, the company was reportedly mulling an IPO or even a sale. The speed at which SPACs take shape and take on acquisitions may make the traditional IPO process seem stodgy by comparison, as it involves a long process of filing documents and conducting roadshows and gauging interest on the Street (not to mention underwriters).

Returns

PYMNTS

JUNE 20, 2019

Two unnamed sources told the publication that Bill.com is meeting with bankers as it prepares to choose the underwriters for its initial public offering (IPO). The sources noted that Bill.com has not chosen its underwriters nor decided on a set time to float.

Request for Comment

PYMNTS

JULY 15, 2019

Lendable is about five years old and uses machine learning technology to automate the process of underwriting and offering personal loans. A specialty lender called Castle Trust invested £300m in 2017. That was a 20 percent increase from 2017, according to specialist publication AltFi. consumer credit. billion this year.

Underwriting

PYMNTS

JANUARY 19, 2017

From product development through underwriting, pricing, payment and collections, claims, back-office functions and risk capital, distributed ledger technology could have a hand in all phases of the insurance space. In insurance, blockchains have potential for impact across the entire value chain,” McKinsey declared. Time-To-Market.

Blockchain

PYMNTS

APRIL 24, 2019

The RealReal has reportedly started holding discussions with investment banks to help it go public, and even issued a Request for Proposal to potential advisors and underwriters. In an interview in 2017 , Wainwright confirmed the company’s desire to go public in the future.

Underwriting

PYMNTS

JANUARY 30, 2019

” In an interview with PYMNTS’ Karen Webster in 2017, O’Malley spoke about the challenges that banks face in accelerating and digitizing their business lending processes, while still adhering to bank credit policy. It’s a competitive advantage and increases access to much-needed credit for qualified small businesses.”

Risk

PYMNTS

OCTOBER 8, 2019

In July 2017, the startup raised $25 million in a funding round co-led by 8VC and Emerson Collective. The main challenge the firm experienced came from competition from other brokers and underwriters who handle bond sales for cities. . It is now helping finance an affordable housing project in the San Francisco Bay Area.

Payroll

PYMNTS

AUGUST 26, 2019

DoorDash has been offering group orders on its site since 2015 and on its app since 2017, while Caviar (now owned by DoorDash) offers group orders on a desktop web browser. The company has already hired JP Morgan Chase and Bank of America as lead underwriters. Name your group, set a spend limit for your guests, and share it out.”.

Underwriting

PYMNTS

DECEMBER 20, 2018

Citing sources familiar with the process, The Wall Street Journal reported that Pinterest could choose its underwriters for the IPO as soon as January. In September, Pinterest reached more than 250 million monthly active users, and is expected to generate more than $700 million in revenue this year — a 50 percent increase from 2017.

Underwriting

PYMNTS

MAY 1, 2017

The offering is expected to close on May 3, 2017, subject to customary closing conditions. The company has granted the underwriters a 30-day option to purchase up to 2.25 million additional shares of Class A common stock. Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc.

Underwriting

PYMNTS

DECEMBER 20, 2018

Citing sources familiar with the process, The Wall Street Journal reported that Pinterest could choose its underwriters for the IPO as soon as January. In September, Pinterest reached more than 250 million monthly active users, and is expected to generate more than $700 million in revenue this year — a 50 percent increase from 2017.

Underwriting

CB Insights

DECEMBER 4, 2019

In 2017, Andreessen Horowitz general partner Alex Rampell said that of all the tech giants that could make a major move in financial services: “Amazon is the most formidable. The patent expired in 2017 and opened up the market for competitors to launch off-marketplace payment solutions. children, were unbanked in 2017.

Online and Mobile Banking

PYMNTS

MARCH 27, 2018

Mortgages have dominated the top spot since the database itself launched in 2012 — which is unsurprising given the CFPB was created following a crisis in mortgage underwriting. 2 spot in 2017 when the credit reporting agencies (normally the No. Debt collectors managed to lose their No. 3 contender) secured the silver medal position.

CFPB