Fintech Labs Insights

JULY 2, 2024

My favorite real job had been as a loan/mortgage product manager at Rainier Bank (now BofA). Before becoming an indie online banking/fintech analyst in the mid-1990s, I tried to do the same in the consumer loan/mortgage industry. I ended up pivoting to the fledgling online banking world, and I’m super glad I did.

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Conference Las Vegas Lending Nashville 15

PYMNTS

NOVEMBER 12, 2019

As part of its expansion, MarketFinance has also begun targeting larger corporates with the introduction of corporate lending, which provides businesses with up to £5 million in structured financing facilities that can combine invoice financing and business loans.

Lending 101

Lending Resources Strategy Fintech 101

Abrigo

JUNE 17, 2015

Like other types of lending, banks must remain cautious to avoid too heavy of an agricultural concentration or too much lending within a certain ag segment. The challenge is that market conditions in this type of lending tend to be volatile. Without diversification, risks will be expounded.

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How To Kansas City Lending Analysis 150

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. The CFPB’s Latest Round Of Payday Lending Complaints. EMV’s Second Phase.

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Lending Mobile Cards Fraud 100

PYMNTS

AUGUST 3, 2017

Pivotal Payments unit GlobalOnePay is partnering with InvoiceASAP to lend invoice-to-pay solutions to joint clients. In addition to electronic invoicing capabilities, InvoiceASAP integrates with businesses’ existing accounting platforms to manage data from invoices, sales, orders, receipts and estimates.

Cards 101

Cards Payments Tools America 101

PYMNTS

MAY 29, 2019

It has around $12 billion in assets under management. Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. percent annual percentage yield.

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San Francisco Capital Millennials cryptocurrency 116

PYMNTS

OCTOBER 25, 2019

Alternative small business (SMB) lending company Kabbage is entering the payments space in an effort to support small business cash flow. In addition to payments processing, Kabbage Payments is able to generate, send and manage invoices, with small businesses able to access funds paid on those invoices within 24 hours.

Payments 101

Payments Survey Cards Lending 101

PYMNTS

JUNE 29, 2016

” The bank said the charge relates to asset finance loans underwritten that did not meet Shawbrook’s lending criteria. In other words, the bank had been lending out what some reports described as “dodgy” loans. having launched in 2011 as the industry and regulators look to increase competition in the sector.

Lending 100

Lending Risk Management Report Meeting 100

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans.

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Fintech blockchain Lending Digital Banking 183

South State Correspondent

NOVEMBER 6, 2024

AI in Payments: There were sessions around AI and the use of AI agents in almost every part of the payment workflow – onboarding, providing help with originating transactions, orchestration, managing fraud, projecting cash flow, reporting, and providing post-transaction support to customers.

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Conference Payments Fraud Apple 195

PYMNTS

DECEMBER 5, 2016

As reported in the Wall Street Journal , the housing lending market has become a bifurcated one, with credit costs low in a phenomenally low interest rate environment. But banks are tightening the reins on risks they will take, which translates into lending reticence. If the American dream is buying real estate, the U.S.

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St. Louis Lending United States Marketing 100

Jeff For Banks

AUGUST 14, 2022

The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! Imagine the community bank that is experienced in lending to fuel oil businesses in or near its markets because it's comfortable using trucks, tanks, and oil inventory as collateral. Let bankers determine if lending to this industry or that is risky.

Operations 78

Operations Lending Industry FDIC 78

Celent Banking

NOVEMBER 17, 2015

In the US, small business customers get bounced around like Goldilocks—they are too small to be of interest to commercial relationship managers and too complex to be easily understood by retail branch staff. Online small business lending by direct credit providers has especially taken off. of all firms.

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Report FDIC Lending Fintech 100

PYMNTS

JANUARY 2, 2019

The paper noted that the increase in borrowing on the part of consumers is being driven by lenders willing to lend more as the memories of the financial crisis fade away. percent higher than September of 2017 and 11 percent higher than 2011. that is growing and unemployment that currently stands at a fifty year low.

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Cards Report Lending Data 131

Abrigo

OCTOBER 30, 2015

Banks, according to Comptroller of the Currency Thomas Curry, are starting to reach for additional growth by lending to less creditworthy borrowers, a move that increases risk to the institution. One area of credit risk that is concerning to the OCC is auto lending, which has been steadily growing in recent years.

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Lending Trends Risk Management Community Bank 150

Jeff For Banks

APRIL 6, 2021

The period analyzed was immediately prior to the commencement of CFPB oversight in 2011, and afterward. The second, and presumably more actionable unintended consequence: Banks subject to CFPB oversight decreased FHA lending and replaced that activity with jumbo mortgage lending. Let that sink in a bit.

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Regulation Philadelphia Study Lending 78

Abrigo

AUGUST 3, 2017

For perspective, a mere 4 banks have opened since 2011, and two of those were in 2017 alone: both International Bank of Commerce of Oklahoma City, OK, and Blue Gate Bank of Costa Mesa, CA, opened in January 2017. Monk writes that there were 6 applications for deposit insurance in 2016.

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Oklahoma City FDIC Handbook Oklahoma 150

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

FICO

DECEMBER 8, 2022

Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management. Managing the optimal collections investment strategy is a crucial aspect of portfolio risk management. by Jim Patterson.

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Risk Management Comparison Strategy Management 52

Abrigo

OCTOBER 2, 2014

According to the BCBS’s Basel III framework document published in December 2010 and revised in June 2011, the main objective is to improve banks’ “ability to absorb shocks arising from financial and economic stress.”

How To 236

How To Capital Community Bank Maine 236

Independent Banker

OCTOBER 31, 2021

April 2011. December 2011. Curt Allison, The Fountain Trust Company’s chief lending officer, says his bank’s software program has been collecting data since Dec. Plus, we spent the last year doing massive amounts of PPP [lending] and trying to wade through pandemic remote working. By Stephanie Vozza. October 2013.

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Community Bank Community Software New York City 91

Jeff For Banks

MARCH 20, 2016

billion in equity capital since its founding in 2011. Since 2011, SoFi has funded over $6 billion in loans (through December 15, 2015). SoFi started in 2011, so the tide has not yet gone out on them. How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management?

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Risk Management Virginia Capital Comparison 60

PYMNTS

JUNE 3, 2016

In an interview with PYMNTS, VantageScore SVP of Research, Product Management and Analytics, Sarah Davies, noted that credit scores change all the time , and that it’s crucial for card issuers and other lenders to be cognizant of what drives those swings. How would you lend – if you knew that those scores were going to deteriorate?”.

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Study Lending Cards Analytics 100

BankBazaar

NOVEMBER 18, 2021

Here’s a piece on how it has managed to do so. According to an RBI document from March 2011, the average number of non-cash transactions per person was only six per year. Additional Reading: A New Era Of Lending: Is It Good Or Bad? UPI has revolutionized the way we transact. The 25th of August in 2016 was a significant day.

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Payments Cards System National 78

FICO

MAY 2, 2019

It’s true: synthetic identities have become a major method for perpetrating auto lending fraud. I recently talked about synthetic auto loan fraud with executives from Santander Bank and GM Financial at the AFSA Vehicle Finance Conference , on a panel discussion about cybersecurity and third-part risk management (TPRM).

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Fraud Data Risk Management Cyber Security 70

FICO

SEPTEMBER 15, 2022

The Saudi Credit Bureau (SIMAH) , a leader in credit bureau information management in the Middle East and North Africa (MENA), has administered the successful rollout and adoption of the FICO® Score by lenders in the country, enabling millions more Saudi customers to receive loans from banks. Fri, 09/09/2022 - 03:42. by Nikhil Behl.

Lending 52

Lending social media Marketing Data 52

Fintech Labs Insights

APRIL 27, 2016

This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards. The recipients in order of rank: Lending Club CEO & Founder, Renaud Laplanche. Added a small business lending option in 2015. Took the company public in 2014.

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Lending San Francisco Utah Capital 12

Fintech Labs Insights

MAY 16, 2017

Less than a month after announcing its new $105 million SoFi Prime Income Fund to help raise funds to issue loans, online lending innovator SoFi is making headlines again with the launch of SoFi Wealth. The new initiative, the company’s first digital wealth management offering, will allow investors in the U.S. Mike Cagney is CEO.

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Management San Francisco New York UX 19

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. percent, its highest level since 2011.

Millennials 103

Millennials Capital Lending Cards 103

PYMNTS

MARCH 13, 2017

FICO scoring is the dominant consideration in most lending decisions — which makes it something of a shame that several flaws have been revealed in the system in recent memory. According to the CFPB, the three credit bureaus received around eight million requests disputing information since 2011.

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Report Data Taxes New York 111

Fintech Labs Insights

JULY 30, 2024

83,000 17 17 Credibly 28 2010 Detroit 82 97,000 18 19 IOU Financial 23 2011 Atlanta 132 40,000 19 18 Upright (was Fund that Flip) 15 2014 NYC 53 42,000 20t 21 BizFI 13 2005 NYC 160 0 20t 22 SMBX 13 2016 SF 15 30,000 22 23 HoneyComb Credit 12 2017 Pittsburgh 11.9 Ten of the 36 largest were started in the 2007 to 2012 period.

Atlanta 29

Atlanta Utah Miami San Francisco 29

Independent Banker

SEPTEMBER 22, 2015

Treasury program that’s the well-kept secret in small-business lending. The company had strong management and was growing quickly, but as a young company, its historic cash flow did not support the proposed expansion. In 2011, the company purchased a Costa Rica-based company with the intention of moving its operations to Rockford, Ill.

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Oregon Illinois Community Bank Lending 70

South State Correspondent

MAY 1, 2024

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

Innovation 195

Innovation social media Branding Marketing 195

FICO

DECEMBER 13, 2019

In China, online P2P lending exploded in popularity, with the number of P2P lenders growing from 50 in 2011 to 6,000 in 2015. Then the whole industry imploded when it was revealed that 40% of P2P lending platforms were Ponzi schemes. We plan to work closely with regulators as we prepare to launch our cash management program”.

Regulation 52

Regulation Fintech Lending Branding 52

PYMNTS

FEBRUARY 29, 2016

In this week’s Data Digest, we take a trip around the world to uncover the evolving habits of business payments and cash management. 1 trillion has passed through Citi’s mobile banking solutions for corporates , the bank announced last week, hitting a milestone since CitiDirect BE Mobile launched in 2011.

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blockchain Lending Payments Mobile 100

Fintech Labs Insights

MARCH 12, 2024

At the top of my list of advanced digital banking features (see previous post) are simple spend management tools. And there are none more important than subscription management. Enter Mercury and its latest product improvement, automated subscription management.

Conference 15

Conference Cards Management Fintech 15

FICO

SEPTEMBER 29, 2022

Whether that’s making more efficient risk decisions at the point of sale, managing the customer base effectively, or even managing overheads to keep costs reigned in. FICO Platform also lends itself to joining informed, fully risk-aware acquisition decisions across the lifecycle and across multiple use cases.

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Analytics Data Risk Management Customer Experience 52