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

MAY 14, 2018

Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release , Citizens Financial said the digital platform will offer FDIC-insured deposits products aimed at serving people who want to save and want the flexibility of an online banking service.

Online 101

Online FDIC Lending Analytics 101

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. Benchmark industry analytics help identify how borrowers are doing compared to the industry.

Risk Management 221

Risk Management Management Lending Capital 221

BankInovation

JANUARY 21, 2022

KeyBank continues to reap dividends from its 2019 acquisition of online lending business Laurel Road, citing the transaction, along with residential mortgages, as a key driver for its recent growth in consumer loan originations. “As

Lending 98

Lending Online Analytics Retail 98

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 27, 2016

Here is the response from Joe DeCosmo, chief analytics officer of Enova International …. Payments 2016: The Year of Payment Innovation Via Predictive Analytics. This was the year for payment innovation through predictive analytics. million annually. Download the eBook.

Analytics 110

Analytics Innovation Payments eBook 110

Perficient

AUGUST 26, 2020

Businesses must adapt to other digital methods to differentiate from the competition and successfully make sales online. Salespeople must now switch their traditional selling methods to digital and help their customers through an online buying journey. Turn Salespeople Digital. Personalize the Customer Experience.

How To 420

How To Customer Experience Online Analytics 420

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. 22) said that a survey of 600 online alternative finance firms across the Asia Pacific found that Australia’s market grew 53 percent in the last year alone.

Lending 100

Lending Regional Analysis Survey 100

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. India’s alternative lending industry scored yet another win this week with a nearly $25 million investment from Morgan Stanley Private Equity Asia. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

FEBRUARY 16, 2018

Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S., Periu said this process means automating things like document collection and, especially, enhancing data aggregation and analytics. There weren’t many FinTech or digital solutions for this segment.

Lending 101

Lending Marketing Analytics Capital 101

Bank Innovation

JULY 5, 2017

Machine learning and artificial intelligence have made waves in the lending space recently, but human underwriters are by far not out of the picture. What we want to do is be great at both the algorithmic and analytic part, as well as [maintain] a human element,” […].

Analytics 299

Analytics Lending Operations Online 299

PYMNTS

JUNE 4, 2019

Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday (June 4) that it raised $52 million in venture funding. In a press release , Biz2Credit said the Series B funding round was led by WestBridge Capital.

Lending 122

Lending Risk Management Analytics Leadership 122

PYMNTS

AUGUST 2, 2016

Small businesses will be crucial to the expansion of the P2P lending market across the globe, analysts from Technavio said. 1) said micro, small and medium-sized enterprise (MSME) lending will help fuel growth in the global peer-to-peer lending space between 2016 and 2020. ” .

Lending 100

Lending Capital Management Analytics 100

Bank Innovation

JULY 6, 2017

What do mortgage lending and music streaming have in common? Better, an online mortgage lender utilizing machine learning to […]. More than one would think.

Lending 358

Lending Online Analytics Data 358

FICO

SEPTEMBER 29, 2022

Delivering Trust for Risk-Aware Telcos - Using Data and Analytics. Online pre-qualification provides consumers with credit transparency to better understand what they can or can’t afford. FICO Platform also lends itself to joining informed, fully risk-aware acquisition decisions across the lifecycle and across multiple use cases.

Analytics 52

Analytics Data Risk Management Customer Experience 52

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

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 53

Online Analytics Lending Cards 53

FICO

JUNE 14, 2019

While the audience was comprised of a diverse group of stakeholders involved throughout the automotive lending lifecycle, pretty much everyone had one thing in common; they had all the unfortunate experience or had knowledge of some sort of fraud in their line of work. Auto Lending or Dating? A lending relationship is no different.

Analytics 40

Analytics Fraud Lending Online 40

PYMNTS

DECEMBER 2, 2020

billion in sales for the holiday, smashing records for the biggest online shopping day ever, according to Adobe Analytics. Adobe adjusted its online sales forecast to $184 billion for the entire holiday season (down from $189 billion), a 30 percent hike over 2019. Stripe Capital Extends Business Lending To Online Platforms.

Payments 140

Payments Capital Lending Retail 140

Bank Innovation

SEPTEMBER 26, 2018

If Finovate Spring was dominated by companies in lending and underwriting, then Finovate Fall was all about startups and service providers equipping banks with tools to help them provide better customer service.

New York 150

New York Analytics Lending Tools 150

PYMNTS

AUGUST 23, 2019

Among the stories we ran over the past few days is a deep look at the problems with Chase Pay, new information about AI fighting fraud, new research into the gig economy and subscriber churn, and a feature about the risks of online disaster relief efforts. Partly Shuttered, Chase Pay Didn’t Pay for Chase In-Store.

Lending 109

Lending North Carolina Fraud United States 109

FICO

JANUARY 17, 2020

In this series of blog posts, I want to share a few examples of these transformative experiences and the underlying technologies, analytics, and know-how that go into creating them. Clearly the automotive lending experience needs to continue to improve. First up, buying a new car. According to our research , 58 percent of U.S.

Customer Experience 59

Customer Experience Lending Analytics Video 59

PYMNTS

AUGUST 4, 2016

The alternative lending space is crowded — oversaturated, some may say — and in the U.S. marketplace lender OnDeck, alternative lending is likely to be mainstream in Australia as soon as the end of the decade. regulation is likely headed its way. According to U.S. “This is transforming the credit risk analysis process.

Lending 100

Lending Regulation Data Payments 100

PYMNTS

JANUARY 19, 2021

In an effort to strengthen its offerings to SMBs, Romania’s NETOPIA Payments is integrating a lending feature from Bulgaria’s TBI Bank. The collaboration will connect SMB users of NETOPIA to an online business loan from TBI from directly within the Netopia platform, a report said. TBI Bank Partners With NETOPIA Payments.

Fintech 341

Fintech National Groups Tools 341

Bank Innovation

SEPTEMBER 25, 2018

Savvy financial institutions have long utilized data analytics to glean actionable insights into their customer base, for everything from acquisitions, KYC, and marketing to lending. We’ve been a partner […].

Data 150

Data Analytics Lending Innovation 150

PYMNTS

JULY 29, 2019

In Pennsylvania, a local CU is working to enhance its members’ financial journeys with improved personalized experiences using data analytics solutions. The new service, Flex Loan, is being offered by SkyPoint Federal Credit Union and was established through a partnership with cloud-based mobile lending platform QCash Financial.

Pennsylvania 173

Pennsylvania Analytics Maryland Innovation 173

PYMNTS

JUNE 7, 2019

With a total of $388 million raised this week, newly funded startups are deploying an array of data analytics technologies to address B2B finance friction. The company offers consumers smartphone and online payments to transfer money across borders. This week’s B2B Venture Capital roundup is all about data. Biz2Credit.

Data 139

Data Capital Analytics Lending 139

Abrigo

MAY 13, 2020

In other words, some financial institutions will finally have the proof of concept that using technology to transform their usual business-lending processes is the way to go. ‘A small- and midsize-business (SMB) lending ecosystem acquired new capabilities via their participation in PPP,” the report said. Parties within the U.S.

Lending 195

Lending Report Technology System 195

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

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 184

Fintech Lending Software Compliance 184

FICO

MAY 11, 2017

Online lenders are being hard-hit; fraudsters are applying for multiple loans within minutes , with no intentions of repaying them. Those expectations have transferred directly to lending; customers expect ever-faster loan approvals, and online lenders are happy to oblige. Customer expectations create fraud opportunities.

Analytics 45

Analytics Fraud South Carolina Lending 45

Perficient

FEBRUARY 1, 2021

We recently implemented a chatbot for a bank’s automotive lending division. Online Purchase Completion. While the industry is not there yet, we’ll one day get to the point where consumers can fully complete a car purchase online. Payment Options. Are Chatbots the Answer in Every Situation?

Strategy 409

Strategy Branding Online Marketing Strategies 409

PYMNTS

JULY 3, 2018

NDP Analytics found that small business lending by the nation’s top-five online lending providers jumped 50 percent between 2015 and 2017. Recent research published earlier this year took a long-term view of small business finance in the U.S.

National 109

National Analytics Lending Survey 109

PYMNTS

MARCH 10, 2020

In a recent conversation with PYMNTS, Raghav Mathur, head of data science and analytics at Singapore-based Grab Financial Group , discussed the opportunities in data technology that can address the region’s most pressing SMB lending needs. Improving The SMB Lending Experience. Asymmetric Information Exchange.

Data 193

Data Lending Capital social media 193

FICO

JULY 11, 2018

42 percent of consumers in Australia and 40 percent of consumers in New Zealand indicated they would like to apply for their next automotive loan online. The study found that there was a growing inclination for vehicle shoppers in the antipodes to apply for auto loans online. Read the full Australian media release.

Online 45

Online Survey Comparison 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

APRIL 13, 2018

The end-to-end solution supports travel booking, administration and policy management, analytics and customer service, with a particular focus on SMB clients, according to TechCrunch reports. The company said it aims to use the funds to focus on accelerating growth.

Lending 129

Lending blockchain Capital Software 129