PYMNTS

JANUARY 23, 2020

The net effect will be that it may be harder for many Americans to qualify for loans — in an age, we note, where debt levels and personal lending have been on an upswing. Credit card debt stood at more than $1.3 The average interest rate on cards stands at more than 19 percent, as calculated by WalletHub. 23), Fair Isaac Corp.,

Lending 130

Lending New York Cards Report 130

PYMNTS

NOVEMBER 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others.

Cards 196

Cards Payments San Francisco Tools 196

FICO

JUNE 28, 2018

Shanghai Pudong Development Bank Issued More Than 9 Million New Credit Cards Last Year Using FICO Originations. Shanghai Pudong Development Bank (SPDB) Credit Card Center, a credit card lending pioneer in China, has increased its customer base using originations powered by technology from analytics software firm FICO.

Analytics 51

Analytics Cards How To Big Data 51

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

SEPTEMBER 25, 2017

The Australian market is quickly becoming a hotbed of alternative lending , and new analysis from KPMG suggests it has risen up in the ranks. About two-thirds of survey respondents said Australia’s regulatory climate is appropriate for the alternative lending industry. They’ll look to the banks or put it on their credit cards.”.

Lending 100

Lending Regional Analysis Survey 100

Gonzobanker

SEPTEMBER 21, 2023

Lending: Lending Leaves Change Color Abrigo acquired Valuant for compliance and credit risk and DiCOM Software for automated credit risk software and partnered with Charm Solutions to launch Abrigo Small Business Lending Intelligence. Credit union lending platform Clutch partnered with Zest.ai

Fintech 103

Fintech Software Illinois Lending 103

Independent Banker

JULY 1, 2015

Jamey Smith forges complete partnerships for successful commercial lending. As a successful commercial lending specialist for more than 30 years, Jamey Smith, Houston region CEO of Citizens Bank in Kilgore, Texas, has pursued a strategy of getting an in-depth understanding of potential customers and their businesses. By Judith Sears.

Analytics 70

Analytics Houston Texas Training 70

PYMNTS

JANUARY 13, 2017

The alternative lending industry continues to scoff at doubters, and the latest B2B venture capital roundup suggests confidence is growing in the space — and not just in the U.S., Last month was a booming time for alternative lending when top names, like BlueVine, scored hefty sums. Alt-Lending. and across Europe and the U.K.

Lending 100

Lending Capital Industry Analytics 100

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. – Reduced overhead and cost per loan.

Lending 81

Lending Analytics Data United States 81

PYMNTS

MAY 21, 2018

And Helios & Matheson Analytics — the parent firm of MoviePass — remains concerned about a cash crunch. But Ted Farnsworth, head of Helios & Matheson Analytics, said the firm actually does have enough cash to survive and thrive. Credit Card’s Profit Squeeze. People are going to go, ‘Hmm how did they pull it off?’”

Seattle 100

Seattle Taxes Cards Data 100

Abrigo

SEPTEMBER 20, 2023

1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. Several types of card fraud should be understood: Chargeback fraud : A customer buys something with a credit or debit card and then claims to their card company that the payment was fraudulent to get back the funds fraudulently.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.

Capital 174

Capital Lending Cards cryptocurrency 174

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Lending Tech With Almost Steady Grades (Even With Rough Semesters). First, there was the drama leading up to the breakup with the rich hottie.

Fintech 184

Fintech Lending Software Compliance 184

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion valuation for the U.K.

Fraud 100

Fraud Cards Lending Analysis 100

FICO

JANUARY 19, 2023

In fact, the combination of hyper-personalization and prescriptive analytics has already proved to be a game-changer for customer offers. How credit and debit card spending and borrowing are changing over time. As a result, 2023 should see an increased focus on building capability that enables hyper-personalisation.

Lending 52

Lending Strategy Analytics Data 52

FICO

NOVEMBER 20, 2020

FICO is providing credit line optimization to manage the growing consumer credit card portfolio for one of the biggest Turkish retail banks, Akbank. Serhan Pak, Akbank’s senior vice president, Retail Lending, said: “We view optimization as a strategic tool for Akbank, as we build on excellence in credit analytics to reach our strategic goals.

Analytics 52

Analytics Training Lending Retail 52

FICO

MAY 11, 2017

I was looking over my blog archives the other day and read this chestnut from December 2015: “With the introduction of EMV in the US, both [card not present and application fraud] are up – especially the sophistication of the synthetic identities used in application fraud.”. The post Application Fraud, Analytics – and Gamecocks?

Analytics 45

Analytics Fraud South Carolina Lending 45

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. peer-to-peer or Marketplace) and lending vertical.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

SEPTEMBER 9, 2016

Card processing firm JetPay is getting closer to the back end of its corporate clients. 8), JetPay revealed its latest move to help businesses with their cash management via data analytics. In a statement, the firm’s CEO, Diane Faro, pointed to the role of data analytics in small business growth. On Thursday (Sept.

Analytics 100

Analytics Data Analysis Resources 100

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere. Automation Anywhere.

Lending 193

Lending Capital Analytics Fintech 193

PYMNTS

APRIL 8, 2019

Goldman Sachs and Moody’s Analytics are warning that credit scores of consumers have been inflated during the past ten years, hiding the danger of defaults and increasing the risks for lenders. What’s more, Bloomberg cited Moody’s as saying there are around 15 million fewer consumers with scores under 660 today then back in 2006.

Analytics 174

Analytics Report Lending Retail 174

PYMNTS

JUNE 23, 2017

LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix. ”

Data 136

Data Payments Analytics Comparison 136

South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. 2Q has been a record quarter for originations based on the number of cards and total volume. Unsecured personal loan usage is up 21%.

Trends 195

Trends Cards Capital Data 195

PYMNTS

MAY 22, 2020

While enabling SMBs to navigate the pandemic’s cash flow constraints through access to funds is key, investors showed interest in a variety of financing options, from invoice financing to trade finance to commercial credit cards. CLARA analytics. Xtracap Fintech. Apollo Agriculture.

Capital 141

Capital Analytics Fintech Report 141

American Banker

FEBRUARY 4, 2020

Kaustav Das was part of Kabbage’s effort to transform small-business lending by using new data analytics, and the CEO of Petal wants him to help it do the same in consumer credit cards.

Online 40

Online Analytics Lending Cards 40

Payments Source

MARCH 10, 2016

will increase lending to U.S. customers as competitors offer to lower their acceptance costs to win credit-card partnerships with big merchants, Chief Executive Officer Ken Chenault said. American Express Co.

Lending 60

Lending Cards Analytics 60

PYMNTS

APRIL 24, 2019

The FT , using a whistleblower as a source, said that Wirecard’s accounts in Card Systems Middle East in Dubai were not audited in 2016 and 2017. The two firms will also look for ways to collaborate in digital payments, data analytics artificial intelligence (AI) and other digital financial services. Shares in the company closed 8.5

System 116

System Cards Analytics Lending 116

PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Investors placed more than $136.5 The rundown of the latest funding rounds is below.

Analytics 105

Analytics Capital Tools California 105

Payments Source

APRIL 19, 2016

Discover Financial Services, the credit-card issuer that’s expanded to student lending and unsecured personal loans, posted first-quarter profit that beat analysts’ estimates as card spending increased.

Cards 60

Cards Lending Analytics 60

FICO

AUGUST 2, 2016

An unabashed data geek, I’m fascinated by every facet of analytics and data science, including the growing movement to apply commercial data science techniques for social good. 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

Analytics 40

Analytics Data Strategy US 40

PYMNTS

NOVEMBER 30, 2020

An analytic partnership with your FinTech and payments provider is going to be key — especially as we’re heading into the next couple months of darkness, with COVID spiking and customers staying indoors,” Steinmetz said. “An Their spend behavior — at least on-site — is going to change.”. Don’t Put Too Much Faith In Credit.

Fintech 211

Fintech Innovation Analytics Seattle 211

PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

Gonzobanker

APRIL 8, 2020

Analytics platforms (Google Analytics is free!) A few examples of systems and providers: Competitive content analysis – Systems from SEMrush, Moz, SE Ranking, SpyFu and others allow institutions to compare their content, keywords and analytics to competitors. Get to know the content ecosystem.

Leadership 170

Leadership Analytics System Digital Banking 170

FICO

AUGUST 29, 2022

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%. by Ethan Dornhelm.

Payments 98

Payments National San Diego Analytics 98

PYMNTS

SEPTEMBER 15, 2017

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Lending money beyond what people can bear is the hallmark of predatory lending, she emphasized, and that’s not going to help the customer.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

JUNE 6, 2016

Biz2Credit is expanding its small business lending operations into a market without much experience with alternative finance. While India may not have the most robust alternative lending industry in the world, it’s the size of its SME population that’s attracting Biz2Credit, the company said.

Marketing 100

Marketing Lending Guidelines National 100

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. and India, alternative small business lending technology company CreditEnable has revealed a $2 million seed round, according to Inc42 reports. Bookkeeper360. CreditEnable.

Security 204

Security Fintech Capital Management 204