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Even Financial Surpasses 1.5 Billion Dollars in Loan Requests

December 16 – Even Financial, a dedicated supply-side platform for online finance products and services, has increased loan originations by 205 percent quarter over quarter since the beginning of 2016. With more than $1.5 billion in loan requests, the platform has grown to serve over one million customers with its proprietary API and a broad network of consumer portal partners, backed by leading analytics and funnel optimization designed specifically for online finance.

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5 Questions … Bill Northey, Iowa Secretary of Agriculture

 

What are your expectations for farm income and/or outputs?

We are in a very challenging time on the farm income side and that is likely to continue at least for a bit as we work through the surplus grain that is out there right now.  So, when you look at the next couple of years, it could continue to be difficult for farmers to remain profitable.  But long term, I remain very optimistic about the future of agriculture.  The world needs the products we produce in agriculture, and even more so as world population grows and the middle class around the world expands.  So, we will have challenges and ups and downs, but long term I’m excited about the future of agriculture.

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ATM Market is Expected to Reach 21.9 Billion Dollars by 2020

November 28 – A new report published by Allied Market Research titled, “World ATM Market – Opportunity Analysis and Industry Forecast, 2014 – 2020,” forecasts that the world ATM market is expected to garner revenue of $21.9 billion by 2020, registering a CAGR of 7.7% from 2015 to 2020. Integration of wireless communicating devices (smart phones) with ATM machines has reduced ATM frauds arising due to card skimming. This factor has significantly fostered the adoption of smart ATMs, which has consequently fuelled the growth of the world ATM market. According to the Federal Reserve System, the ATM market in developed countries, such as the U.S., the U.K., Canada, and France has attained maturity, while the Reserve Bank of India forecasts a rapid growth of the ATM markets in the emerging countries.

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Fintech Platform Revenues for Lending & Financing to Exceed 10 Billion Dollars By 2020

November 16 –  Juniper Research has found that Fintech platform revenues to support lending and financing are set to reach $10.5 billion globally by 2020, doubling the $5.2 billion expected this year.

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Mobile Banking Users to Reach 2 Billion by 2020

October 18 – New research from leading Fintech analyst, Juniper Research, finds that over 2 billion mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2 billion this year globally. Growth in mobile banking is being driven by consumer adoption of banking apps the changing way consumers manage their finances.

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Jack Henry & Associates Introduces Electronic Bill Presentment and Payment Solution

October 13 – Jack Henry & Associates’ JHA Payment Solutions group has announced the availability of JHA EPS SmartPay Biller Direct℠, an electronic bill, invoice, and payment solution.

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Contactless POS Terminal Retail Transactions to Approach 500 Billion Dollars by 2017

September 21 – A new study from Juniper Research has found that the global value of contactless POS (point of sale) terminal transactions, conducted in-store via cards, mobile and wearables, will approach $500 billion annually by 2017; this is up from an estimated $321 billion this year.

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Jack Henry & Associates and Inlet Partner to Bring Enhanced eBill Functionality to 4,000 Financial Institutions

June 3 – Jack Henry & Associates’ JHA Payment Solutions group has announced the availability of expanded iPay Consumer Bill Pay features and functionality, powered by Inlet.

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U.S. Fintech Deal Activity Increases to 1.7 Billion Dollars in First Quarter

June 2 – Venture funding in the U.S. fintech sector increased 70 percent during Q1’16 from Q4’15, to $1.7 billion after experiencing a slowdown in the last two quarters, according to Pulse of Fintech, the quarterly global report on fintech VC trends published jointly by KPMG International and CB Insights.

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CNP Fraud to Balloon to 7 Billion Dollars by 2020

May 11 – iovation, the provider of device intelligence for authentication and fraud prevention, today announced the immediate availability of a report it and research and advisory firm Aite Group developed entitled “EMV: Issuance Trajectory and Impact on Account Takeover and CNP.” The report calculated that card-not-present fraud — fraudulent transactions where a credit card is not physically presented to a merchant — will cost retailers and financial institutions $7.2 Billion in the United States by the end of 2020. The report also found that account takeover losses for financial institutions — when a fraudster poses as a genuine customer, gains control of an account and then makes unauthorized transactions — will increase from $644 million in 2015 to more than $1 billion by 2020 in the U.S.

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