PYMNTS

JULY 7, 2020

The small- to medium-sized business (SMB) lending industry is used to adaptation, especially since the 2008 financial crisis, when legacy financial institutions (FIs) began pulling back and FinTechs and digital players stepped up in the space. percent of SMB loans from January 2019 to April 2019, for example.

Lending 138

Lending Study Industry Tools 138

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. billion kronor (approximately $171 million) infusion in 2019.

Security 134

Security Groups Payments Regulation 134

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

NOVEMBER 13, 2020

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Many buyers who have secured financing digitally had a great experience and won’t go back to the old way of doing things — even when COVID-19 is no longer a factor.”. Consumers and Banks Both Like Online Auto Loans.

Online 214

Online San Francisco Trends Marketing Strategies 214

PYMNTS

OCTOBER 2, 2018

Potential borrowers apply online or via mobile, can be approved and offered a rate within 15 minutes, and can have their loans funded within 24 hours. For banks, including relatively large banks, Goldstein noted, entering into personal lending markets is daunting, even if it is appealing from a variety of standpoints.

Lending 134

Lending Alabama Online System 134

PYMNTS

DECEMBER 28, 2018

Yet previous analysis from Avoka has found that less than a quarter of business banking services can be opened online, introducing a major challenge for small businesses that see fewer and fewer bank branches open nearby. In 2019, it is about ensuring the FI has the right? JLL research published last year found that the 2.2

Fintech 177

Fintech Customer Experience Tools Technology 177

PYMNTS

SEPTEMBER 3, 2019

. “Starling understands that many SMEs want to manage their banking online as well as through mobile applications and to support this, it will launch its web portal in Q3 2019,” Starling wrote In its update. “Construction of this portal is underway and on track for launch in September 2019.”

Lending 171

Lending blockchain Security Management 171

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

System 195

System Lending Analysis Software 195

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. in-person, phone, mail, online) Application recipient (e.g.,

Lending 195

Lending Data Regulation Community 195

PYMNTS

DECEMBER 27, 2018

But no matter what, millennials will certainly become an increasing force in payments and commerce in 2019 — a trend confirmed by PYMNTS research and reporting. PYMNTS found 48 percent of them prefer to buy products online and 17 percent use mobile phones to purchase apparel and accessories. Take those bridge millennials.

Millennials 100

Millennials Payments Mobile Retail 100

PYMNTS

SEPTEMBER 17, 2020

Securities and Exchange Commission (SEC). The company has determined not to pursue a public offering of the securities covered by the registration statement at this time,” LoanDepot wrote in its filing. The Mortgage Bankers Association forecasts $3 trillion in new mortgages this year, up 37 percent from 2019.

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

MAY 23, 2019

As of 2019, three quarters of customer interactions with credit unions are digital — the remaining 25 percent is split between branch visits, ATM stops and call center calls. For credit unions alone [in] 2015 and 2018, credit union market share of personal lending went from 31 percent to 22 percent.

Online 123

Online Millennials Digital Banking Maine 123

PYMNTS

AUGUST 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. Securities and Exchange Commission (SEC) on Monday (Aug. A unit of Ping An Insurance Group, Lufax filed confidential paperwork with the U.S.

US 147

US United States Lending Regulation 147

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Find out which alt lenders secured $77 million in venture capital, as well as the other startups across the U.S., Alternative Lending. alternative lending space this week, too. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Fraud & Security. Sharon Kimathi , editor at FinTech Futures.

Analytics 52

Analytics Fraud Management Innovation 52

Bank Innovation

FEBRUARY 5, 2019

Time is running out to apply for Bank Innovation’s DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in hopes of earning their vote and walking away with prizes. The application deadline is Friday, February 8. Apply here.

Conference 170

Conference Fintech social media Operations 170

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion for the quarter that ended Sept.

Report 134

Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion for the quarter that ended Sept.

Apple 132

Apple Lending Cards Report 132

PYMNTS

APRIL 22, 2020

In 2019, Payme, FinViet, EPay, PayTech, Dibee and Smart Net were granted licenses from Vietnam’s central bank. The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. The technology holding company also has member businesses in gaming, security and financial services. .

Payments 154

Payments social media Groups Taxes 154

PYMNTS

MARCH 31, 2020

Shopmatic said it helps business owners increase their sales by accessing new markets through online channels and point-of-sale solutions. MatchMove’s LightSpeed solution won top honors in the category “Best Payments Innovation of the Year” in the 4th Payments and Cards Awards 2019 held in Mumbai, India.

Fintech 168

Fintech Regional Security Lending 168

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. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

FEBRUARY 18, 2020

Credify, which was founded in 2019, said it plans to use the money to expand further into Southeast Asia , to continue with product development and to push forward with live client engagements. The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security.

Regional 171

Regional Lending Fraud Maine 171

Abrigo

DECEMBER 1, 2020

Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . Takeaway 2 Sentiment rose in 3Q, but the highly uncertain outlook warrants caution in ag lending activities. A tricky year for farmers, ag lending. You might also like this webinar watch. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

Bank Innovation

JANUARY 30, 2019

Interested in joining us for Bank Innovation Ignite 2019 on March 11-12 at the Hyatt Olive 8, Seattle? Register here to secure the lowest possible rate! You’d better hurry! Early registration ends this Friday, February 1 at 11:59 PM.

Innovation 170

Innovation Seattle Fintech Security 170

FICO

JANUARY 17, 2020

consumers reported waiting more than 30 minutes to secure financing for the purchase of an automobile. consumers obtained an auto loan online in 2019 (up from five percent in 2018) and listed convenience and speed as two of the top three factors driving that decision. According to our research , 58 percent of U.S.

Customer Experience 59

Customer Experience Lending Analytics Video 59

FICO

MARCH 13, 2019

US consumers showed an increasing appetite for online financing—an 8% YoY increase. consumers acquired their most recent auto loan online, compared to only 5% in 2018, representing an 8% YoY increase for online financing. Canadian consumers were the most likely to secure financing through dealerships—66%. 13% of U.S.

Survey 73

Survey US eBook Online 73

Independent Banker

MAY 31, 2022

Nonbank institutions continue to be serious contenders in the home lending space. The low interest rate environment fueled a frothy residential lending market in 2020 and 2021, with annual origination topping more than $4.4 About 60% of Bank of Zachary’s $182 million loan portfolio is secured by loans to 1-4-unit homes.

Community Bank 185

Community Bank Community Lending Marketing 185

Accenture

OCTOBER 14, 2019

Guest blogger Markus Naumer examines how digital payments technology is enhancing credit lending and showing promise in addressing consumer credit-aversion challenges. In most European countries, for example, unsecured card lending is less than 18 percent of total unsecured consumer lending.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

DECEMBER 11, 2020

to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions. Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

CFPB Monitor

OCTOBER 11, 2022

The data used in the report was collected through an online survey of 1,000 adults who had taken out at least one high-cost personal loan in 2019, 2020, or 2021, with samples of 100 Black adults and 100 Latino adults who took out such loans.

Report 78

Report Survey Lending Groups 78

PYMNTS

DECEMBER 4, 2020

The health of the auto industry was also bolstered by a new report from Experian that showed 30- and 60-day auto loan delinquencies were both down in November from their 2019 levels. percent of used vehicles financed during the quarter, a new high for used vehicle lending, Experian said. percent from 87 percent in Q3 2019.

Trends 183

Trends US Industry Online 183

CFPB Monitor

SEPTEMBER 3, 2019

These documents are categorized by state, license, and topic, including: virtual currency; correspondence to mortgage broker; lender and originator licensees; money transmission; mortgage underwriting and processing; third-party payment processing; mobile home lending; and mortgage servicing.

Tools 60

Tools Industry Online Resources 60

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 1,080 $491 26 One Finance 248 2019 SF 1,110,000 1.7 124 $66 27 Axos 220 2013 1,110,000 $0 28 Majority 126 2019 Stockholm 168,000 4.6

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

AUGUST 28, 2019

The statements were contained in the PBOC’s FinTech Development Plan 2019-2021. In terms of mechanics, the credit scoring software will use data spanning bank and corporate transactions, and Nikkei said the lenders would need to secure borrowers’ consent before accessing and using that data.

Fintech 172

Fintech Analysis Guidelines Data 172

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Since the pandemic started, Crowe says, more customers are opening online or mobile accounts and making remote payments. Online U.S. By Elizabeth Judd. The best defenses against fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

JANUARY 7, 2021

Online FinTech startup SoFi announced Thursday (Jan. billion, and also expanded internationally by purchasing Hong Kong-based investment app 8 Securities. 7) that it was merging with publicly-traded Social Capital in an $8.6 The Path Of The Neobank Supermarket. Earlier this year, SoFi acquired payments firm Galileo for $1.2

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

APRIL 30, 2019

According to the April 2019 Mobile Order-Ahead Tracker , a collaboration between PYMNTS and Kount , the estimated value of the U.S. QSRs also often have loyalty and rewards programs which lend themselves to mobile devices and are a draw for users. percent in Q1 2019, and digital made up 15.7 QSR industry is $199 billion.

Mobile 100

Mobile Fraud Industry Security 100