PYMNTS
APRIL 11, 2016
Lauded by the company as a technology visionary, Zander joins a team who will work with IdentityMind Global president and CEO, Garrett Gafke, with the goals of guiding the company’s mobile business strategy and overall direction. Before that, he served as president and chief operating officer of Sun Microsystems until June 2002.
Fintech Labs Insights
APRIL 12, 2024
Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)
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CFPB Monitor
OCTOBER 6, 2022
On September 29, 2002, the Consumer Financial Protection Bureau (“CFPB”) filed a complaint against online lender MoneyLion Technologies, Inc, and several dozen of its subsidiaries (collectively, “MoneyLion”), alleging violations of the Military Lending Act (“MLA).
FICO
MAY 25, 2023
I think if this technology goes wrong, it can go quite wrong,” he said in testimony before Congress. Technology that’s been made freely available to the public—e.g., technology “in the wild”—is irrevocable; how could it possibly be pulled back? Technology development moves a lot faster than the legislative process.
Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. Who would’ve thought lending $1 million to a San Francisco cab driver to buy a house at 100% loan to value would go bad? High-tech employment fell from 12.1
FICO
NOVEMBER 30, 2022
The underpinning of this technology framework is data. Your auto lending team is an innovative crowd, and notices that most weekends this customer spends at least $300 at “Building Materials, Lumber Stores” (MCC: 5211) suggesting he is a DIY enthusiast. . Everything starts with the data. Don’t over think it—focus on the customer.
Fintech Labs Insights
DECEMBER 7, 2020
But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. Ant Technology. Plaid Technologies. In November, we added just 3 new unicorns compared to 6 last month. Unicorn count: Beginning = 118. + 3 born this month. – Total = 120.
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