The Fintech Times

OCTOBER 29, 2024

Appointments UK digital MGA Ripe appoints David Rowntree as its new chief underwriting officer. Hennerberg joined Lumera as group controller in early 2022. allpay has achieved the ISO 27001:2022 certification, an important upgrade from the previous 2013 version.

FinTech

Fintech Weekly

JULY 13, 2025

Subscribe to FinTech Weekly's newsletter Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more “ Revenues in the fintech industry are expected to grow almost three times faster than those in the traditional banking sector between 2022 and 2028 ” – McKinsey, Oct24, 2023. billion in 2025 and reach $1,126.64

AI

The Fintech Times

JULY 14, 2025

re:cap will offer flexible credit to UK-based companies through the €125million facility, managing both the platform and underwriting, while HSBC Innovation Banking and Avellinia Capital supply the capital. Since launching in 2021, re:cap has deployed over €100million in Germany and the Netherlands, and reports no defaults to date. “Now

FinTech

Fintech News

JUNE 11, 2025

market share in 2022 , cementing its dominance in Singapore’s ride-hailing space. Some steps that have possibly kept the incumbents ahead are their disciplined underwriting, reinsurance strategies , and deep integration with intermediated channels such as motor dealerships, brokers, and corporate fleet accounts.

Rules

Finextra

JULY 11, 2025

Testament to the quality of re:cap’s underwriting is the company’s track record with zero defaults which has impressed institutional investors. Since launching in Germany in 2021, re:cap has deployed more than €100 million in financing across Germany and the Netherlands.

Payment APIs and Integration

CB Insights

JANUARY 26, 2023

The fintech industry took a hard hit in 2022 as investors scaled back their investments amid market turmoil. DOWNLOAD THE STATE OF FINTECH 2022 REPORT Get the latest data on global fintech investment trends, the unicorn club, sectors from banking to payments, and more. Fintech is central to a16z’s investment strategy.

FinTech

CB Insights

JULY 22, 2022

What are underwriting data platforms? Underwriting data platforms collect third-party alternative datasets, such as social media, public records, and demographic information. Insurers can tap into these data sources to augment their own internal datasets — with the goal of improving and expediting underwriting decisions.

Underwriting

Fintech News

JUNE 25, 2024

million in 2022. Launched in August 2022, GXS Bank has enhanced its savings account, now allowing deposits up to S$75,000 with interest rates of 2.68% per annum for Saving Pockets and 2.38% for the main account. The bank’s loss for the year rose to S$208.2 million in 2023 from S$131.1

Underwriting

Fintech News

MARCH 26, 2024

Additionally, Qoala is focused on bolstering its partners’ underwriting, claims processing, and fraud detection abilities through advanced tools and solutions. Since its last fundraising round in 2022, Qoala has reported a 2.5-fold fold increase in gross written premiums and a substantial rise in in-house processed claims.

AI

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Thu, 12/08/2022 - 16:00. If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria. FICO Admin. Thu, 12/19/2019 - 16:29.

Addressing

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. 2022 Judges (Left to Right): Sidhartha Dash, Paul Deall, Senthil Erulappan, Armando Junior.

Regulatory Compliance

CB Insights

NOVEMBER 3, 2022

While insurtech funding has remained relatively flat quarter-over-quarter in 2022, insurers are still actively engaging with startups to improve their businesses — including addressing climate-related risks. . Underwriting and claims automation. download the State of Fintech Q3 ’22 Report. Insurance product innovation.

Underwriting

The Fintech Times

JANUARY 17, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. “A key component of our AI suite is our GPT -based assistant, ‘TensorAssist,’ tailored for underwriters.

AI

Fintech News

MAY 28, 2024

The Brazilian digital bank turned a net loss in 2022 into a US$1 billion net profit in 2023, with revenues exceeding US$8 billion. According to a 2022 report by IDC , the big data and analytics market in the Asia Pacific region is expected to grow at a CAGR of 19.6% from 2022, reaching US$42.2 billion in 2023. trillion by 2025.

APACS

FICO

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. Less than 1% of the total U.S. Read the full post 5.

BNPL

Fintech News

AUGUST 12, 2024

Technology firm Microsoft is working with Axis Bank and Aditya Birla Capital, among others, to deploy processes using genAI to transform contact centers, boost sales and overhaul claims and underwriting processes. between fiscal year 2022 and fiscal year 2029, and reach US$21.12 billion by then.

Embedded Finance

Fintech News

MARCH 18, 2024

This decision, amid news of an AUD$240 million loss in 2022 , was followed by a share value that nosedived 95% since Feb 2021 (previously trading at AU$12 compared to AU$0.5 A suspected US$19 million was found to have been embezzled from the company between 2022 and 2023. Atome Vietnam’s closure is likely for good.

BNPL

Fintech News

SEPTEMBER 4, 2024

This integration provides Jenfi with real-time data on a company’s revenue growth and marketing return on investment, enabling continuous monitoring and fast underwriting decisions. The platform’s automated underwriting allows for same-day decision-making and fund disbursement, streamlining the lending process. With a US$6.6

FinTech

Fintech News

MARCH 18, 2024

The releases followed a US$120 million in a Series C+ Opn secured in May 2022 which brought the company’s total funding to over US$222 million. In early 2022, the company expanded to Indonesia, and in 2023, it made a series of acquisitions to solidify its position locally and enter new markets. The company collected over THB 1.3

FinTech

Fintech Finance

JULY 15, 2024

In their letter, AFC applauded the CFPB for their 2022 report on BNPL and for their continued engagement with industry leaders.

Consumer Financial Protection Bureau (CFPB)

FICO

AUGUST 29, 2022

Tue, 08/30/2022 - 12:00. As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem ranging from originations, underwriting and account management to collections and asset-backed securitization. As of April 2022, the average credit card utilization was 31%.

Consumer

Fintech News

DECEMBER 20, 2023

These strong performances were attributed to reduced credit losses and improvements in underwriting precision and accuracy. Similarly, American BNPL firm, which went public in 2021, reported its second straight quarter of profitability in Q3 2023, generating US$60 million in adjusted operating income, versus a US$19 million loss in Q3 2022.

BNPL

Finovate

JULY 18, 2024

AI technology company Stratyfy announced a strategic partnership with cash flow underwriting and data analytics platform Prism Data. New York-based Stratyfy won Best of Show at FinovateFall 2022. AI technology company Stratyfy has forged a strategic partnership with cash flow underwriting and data analytics platform Prism Data. .”

Underwriting

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. The Data: 70 billion : The projected number of payments that will use online platforms by 2022. 22 percent: The growth of digital payments in Vietnam in 2017.

Encryption

Fintech News

FEBRUARY 27, 2024

Following its Series E2 funding round in October 2022 , Airwallex secured an additional US$100 million, elevating its total fundraising to over US$900 million. The firm has undergone scrutiny for its compliance and anti-money laundering measures, with 2020 and 2022 audits revealing shortcomings in employee integrity checks.

FinTech

Finovate

JUNE 26, 2024

The partnership will help property and casualty insurers enhance the pricing, rating, and underwriting process, as well as increase policy personalization. The partnership will enable Earnix to give property and casualty insurance carriers intelligent solutions for pricing, rating, underwriting, and policy personalization.

Underwriting

Finovate

JANUARY 8, 2024

Founded in 2021, Arc has raised $181 in funding across three rounds of funding– including a $20 million Series A round the company landed in August of 2022. After underwriting each borrower using historical financial data, the company pre-qualifies borrowers and matches them to a lender within five days.

Technology

Bank Automation

MARCH 5, 2024

Dave reported fourth-quarter adjusted EBIDTA of $10 million compared to a loss of $13 million in Q4 2022, according to the bank’s earnings release today. For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter.

Posting

Stax

FEBRUARY 15, 2024

According to the Pew Research Institute , in 2022, a whopping 41% of Americans said they don’t use cash at all for any of their weekly purchases—a significant jump from 29% in 2018. PayFacs also provide a streamlined onboarding experience, manage underwriting, and handle compliance for its sub-merchants.

ISVS

Finovate

APRIL 23, 2024

The company enables financial institutions to digitally transform their credit decisioning and underwriting operations to assess the financial health of their small business customers and members on a continuous basis. Most recently, the company demoed its technology at FinovateSpring 2022. At the event, Thom and JUDI.AI

Credit Union

Segpay

DECEMBER 22, 2023

This seems fitting since the underwriting and compliance processes can be a bit of a challenge. This holiday season, I wanted to give the gift of knowledge by sharing the top common compliance questions and how the right answers could keep you off the underwriter naughty list. And in a lot of situations, that answer is “no.” “Can

Money Laundering

The Fintech Times

SEPTEMBER 2, 2024

By adopting these solutions, clients are expected to optimise their credit decision processes, increase underwriting efficiency and reduce costs. ” Since 2022, Dock has been amplifying the conversation in the market about the need for a new credit paradigm, which considers the particularities of Brazil.

Financial Inclusion

The Fintech Times

MARCH 12, 2024

One of the most important programmes to come out of the PSI is the Net-Zero Insurance Alliance (NZIA) which along with its partners is focused on decarbonising insurance and reinsurance underwriting portfolios. “Moreover, the industry can invest in green bonds and sustainable projects, fostering a transition to a low-carbon economy.

Mitigation

Finovate

SEPTEMBER 17, 2024

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

Accounts

FICO

OCTOBER 10, 2022

A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. Tue, 07/19/2022 - 16:11. Mon, 10/10/2022 - 15:00. JessicaButalla@fico.com. by Joanne Gaskin. expand_less Back To Top.

Consumer

Finovate

APRIL 10, 2024

Instead, Petal leverages users’ open banking data as underwriting data to offer them credit and help them establish a credit history. We believe that modern product design and new technologies like cash flow underwriting can be used to radically improve credit access around the world,” said Petal Co-founder Jason Rosen.

Credit Cards

Finovate

MAY 6, 2024

Via the partnership, Alloy customers will be able to access Coris’ solutions to automate SMB onboarding, underwriting, and fraud prevention. Merchant Profiler enables fintechs and software companies to onboard, underwrite, and monitor their SMB customers via GPT-4 powered SMB industry classification. The company secured $3.7

Automation