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. In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example.

Lending 188

Lending Trends Cards Capital 188

PYMNTS

OCTOBER 10, 2016

Alternative lending platforms integrating with providers of other financial services has become a new norm. Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spend management platform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa.

Management 100

Management Lending Cards Capital 100

PYMNTS

FEBRUARY 12, 2018

ANZ, one of Australia’s largest banks, is set to doll out nearly $8 billion in refunds to small business customers using the FI’s commercial card products. 9) said the refunds will be paid out across 52,000 credit card accounts held by business customers as a result of failure to disclose fees and interest charges.

Cards 116

Cards Lending National Report 116

PYMNTS

APRIL 8, 2019

“Because loss rates today are low and competition for high-score borrowers is fierce, lenders may be tempted to lower their credit standards without appreciating that the 660 credit-score borrower today may be relatively worse than a 660-score borrower in 2009.”.

Analytics 174

Analytics Report Lending Retail 174

PYMNTS

AUGUST 16, 2017

There were modest rises in mortgage, auto and credit card debt, where delinquencies jumped. But the transition of credit card balances into delinquency “ticked up notably.” This could be the result of loosening lending standards that allowed borrowers with lower credit scores to access credit cards. Mortgage debt was $8.69

New York 109

New York Cards Trends Lending 109

PYMNTS

OCTOBER 21, 2019

The world of 2009 was starkly different, a far less optimistic place. Though the Great Recession was technically “over” by the middle of 2009, few people living in the real economy felt that fact in their daily lives. When people asked “what’s next?” in the year 1999, they were generally pretty excited to hear the answer.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. and was followed by the great cybercriminal migration to the web and card-not-present transactions. True in 2009. In The Beginning.

Innovation 177

Innovation Payments Cards Retail 177

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 DOJ Finding. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Bank Innovation

FEBRUARY 28, 2017

Bank Innovation today released a beta of its relaunch, the most significant rebuilding of the site since its start in 2009. Let us know what you think of the rebuilt site by emailing info@bankinnovation.net.

Innovation 150

Innovation US social media Operations 150

Bank Innovation

MARCH 6, 2017

Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we were the lone voice for innovation at banks.

Innovation 150

Innovation Online social media Operations 150

Bank Innovation

FEBRUARY 28, 2017

We have undertaken our most significant redesign and relaunch since Bank Innovation initially dropped online in 2009. This beta officially kicks off today and marks a new chapter in the life of Bank Innovation. We hope you love it. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we […].

Innovation 150

Innovation Online social media Operations 150

PYMNTS

NOVEMBER 17, 2017

credit cards, but averages can be a bit misleading. For example, that figure includes a full 30 percent of Americans who don’t carry or use a credit card at all. The average credit card-wielding American carries about four different cards (3.7 The average American carries 2.6 to be exact). A Better Deal for Merchants.

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

OCTOBER 13, 2016

The year was 2009, and it was rough for some, but a fertile ground for others. “I Kabbage is a data and technology platform that enables real-time lending. The goal of all that money is, of course, to lend to small business owners. It’s evolved its product list to include the ‘Kabbage Card’ and ‘Karrot Personal Loans.’.

Regulation 100

Regulation Lending US FDIC 100

PYMNTS

OCTOBER 13, 2016

percent in 2009, it still is significantly higher than levels seen in 2000 (10.5 percent of SMEs surveyed said they had used financing tools like crowdfunding to finance their business (though it is unclear whether the research includes marketplace lending sites and alternative finance players under the term “crowdfunding”).

Lending 100

Lending Survey Capital Cards 100

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) (..)

Innovation 15

Innovation Fintech Online Mobile 15

FICO

OCTOBER 19, 2022

FICO recently released its second set of FICO® Resilience Index benchmarking reports, revealing interesting insights and trends about lending portfolio resilience over time. In contrast, both new and existing borrowers in 2013 had historically low sensitivity levels, following years of conservative post-recession lending and borrowing.

Lending 52

Lending Industry Trends Management 52

Fintech Labs Insights

OCTOBER 25, 2016

P2P lending giant Lending Club has been offering car buyers an alternative borrowing experience since it launched ten years ago. Lending Club’s new Auto Refinancing product offers a solution that gives qualified borrowers a more affordable monthly payment and interest rate. Instead, the company itself will buy the debt.

Lending 12

Lending California Company Cards 12

Jeff For Banks

OCTOBER 15, 2021

Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. And ignores politician's calls to continue to print money to keep bond yields low so they can keep swiping the national credit card. Taxes go down? I made a funny.

Taxes 78

Taxes FDIC Guidelines Policies 78

PYMNTS

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. Launched in 2014 as the firm’s lending arm, Square Capital has extended over $1 billion in working capital to over 100,000 small merchants. Users can only spend what’s on the card. The Bumpy Road.

Apple 110

Apple Capital Cards Payments 110

PYMNTS

NOVEMBER 9, 2017

In subscription and services-based revenue: Square’s Instant Deposit , its food delivery platform Caviar and its lending platform Capital brought in $65 million in revenue during the third quarter of 2017, and 84 percent year over year.

Payments 123

Payments Capital Maine Course 123

PYMNTS

JUNE 10, 2016

Designed to enable its issuers to create a branded digital app for managing card credentials, it is also capable of enabling payments in-store (on Android phones where NFC is supported) and inside of Visa Checkout. Alt Lending. Yes, alt lending has the distinction of being on our Fizzle list ever since we started keeping count.

Apple 100

Apple Lending Google Mobile 100

Fintech Labs Insights

OCTOBER 27, 2021

Founded in 2009, Kabbage was one of the first digital alt-lenders catering to small and medium businesses. While they were always disappointed not to win Best of Show, lending is a category that rarely excites an audience of well-do-do technologists. Credit card processsing. SMB Corporate Charge Cards: Ramp is Headed Up.

Atlanta 15

Atlanta Comparison Tools Cards 15

Fintech Labs Insights

NOVEMBER 10, 2023

Venture investors saw consumer banking as ripe for disruption in the aftermath of the 2007-2009 financial crisis. 532 $21 31 Greenwood 83 2020 Atlanta 176,000 $88 32 Happy Money 78 2009 LA 192,000 $192 33 Yotta 71 2019 NYC 152,000 4.7 Let’s start with our definition. Looking for small business resources?

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth. rate per transaction.

Online 98

Online Company Retail Payments 98

PYMNTS

JUNE 23, 2017

I think this is going to look like 52-card pickup, when everything is on the floor, and then it is a lot of very massive restructuring or staying on the floor.”. I think you will see lenders who are lending against commercial real estate anchored by one of these chains doing deeper and more in-depth analysis on the trends,” he observed.

Retail 161

Retail Online Analysis Lending 161

Jeff For Banks

SEPTEMBER 13, 2015

He joined COB's board in 2009 after its $310 million recapitalization which was needed from a disastrous slew of losses incurred starting in 2008 as a result of awful credit decisions, leading to a 21% NPA/Asset ratio peak in 2010. I focused on traditional community banks and did not consider high yield type banks such as credit card banks.

Community Bank 60

Community Bank Lending Community Security 60

Fintech Labs Insights

AUGUST 26, 2020

Stripe (YC 2009) is the most valuable private fintech company outside of China ( see full fintech unicorn list ), valued at $36B in its April 2020 round Coinbase (YC 2012) is the 9th most valuable fintech (outside of China), valued at $8B in its last round (Oct 2018), but most likely above $10B now. Year Fintech. in revenue.

Fintech 12

Fintech Cards Lending cryptocurrency 12

FICO

AUGUST 15, 2018

Figure 1 contains a FICO® Score distribution for mortgages opened in different periods between 2009 to 2017. We see that the percent of new mortgage account openings with FICO® Scores less than 750 has climbed significantly in recent years, from just 41% of mortgages originated in 2009 to 53% as of 2017.

Trends 53

Trends Millennials Course Payments 53

FICO

JANUARY 8, 2021

asked Aashish Sharma , referring to a game-changing card in poker “Is this the event that will turn the way we interact, learn, play, communicate, run our businesses, and our lives in general?”. Odds assessment of the last card to be played. To be clear, this is not only about efficiency in lending. Is COVID-19 ’the Turn’?”

Analytics 52

Analytics Analysis Lending Management 52

Gonzobanker

JULY 7, 2015

Here’s the bottom line: In the past six years (March 2009 to March 2015), the top 10 Internet banks have grown an impressive $175 billion in new deposits. Here’s the breakdown of these 10 banks in order of deposit growth: Deposits ($000): March 2009 Deposits ($000): March 2015 6-Year Growth. ($000). Think about this.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

TrustBank

DECEMBER 8, 2022

Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards. Revolving Credit (Credit Cards & Personal Lines of Credit): While home ownership grew, revolving credit exploded. From 1990-2004, US home ownership rose 7.45% to 69.2%

US 52

US Policies Taxes Washington 52

Fintech Labs Insights

JUNE 22, 2016

Small business lending platform Kabbage added a big name to its list of bank partners today. The partnership licenses Kabbage’s lending technology to Scotiabank, which will co-brand loans offered to small business customers in Mexico and Canada. Founded in 2009, Kabbage maintains similar partnerships with ING and Santander.

San Francisco 14

San Francisco Atlanta Lending Cards 14

Fintech Labs Insights

MAY 24, 2016

Small business funding platform Kabbage was founded in 2009 with a mission to use big data to help underwrite small business loans. Earlier this month, Kabbage partnered with alt-lenders OnDeck and CAN Capital to launch the Innovative Lending Platform Association and Smart Box.

San Francisco 15

San Francisco Georgia Big Data Lending 15

FICO

AUGUST 2, 2016

Although Toyota Financial had weathered the storm of 2008 and 2009, the company had a commitment to focus on debt management. Any decision must be made within the parameters of strict regulations covering fairness in lending, to ensure consistent treatment across Toyota Financial’s 4.4 million customers.

Analytics 40

Analytics Data Strategy US 40

Fintech Labs Insights

SEPTEMBER 3, 2020

And more recently, Lending Club has a $185M acquisition of Radius Bank pending, though the lender’s $80M Q2 loss is not going to help ease regulators’ concerns. And going back a bit further, I’d put Suresh Ramamurthi and Suchitra Padmanabhan’s 2009 acquisition of $3.5M CBW Bank in a similar category. But that’s not the current plan.

Fintech 15

Fintech FDIC Oakland Minnesota 15

Fintech Labs Insights

AUGUST 12, 2014

But as YC grew from 2005 to 2009, the number of fintech companies stayed at roughly 1 per year. Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4%

Fintech 26

Fintech Bitcoin Cards Online 26

Fintech Labs Insights

JULY 27, 2015

” Pictured: Jason Dell, Kabbage Head of Product, demonstrating the Kabbage Card at FinovateSpring 2015 in San Jose. A small business lending innovator, Kabbage uses data generated by business activity – rather than relying exclusively on credit scores – to provide small businesses with a range of financing options.

San Jose 12

San Jose Atlanta Fintech Georgia 12