XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Revenues | The table below presents revenue from contracts with customers disaggregated by type of service, which best depicts how the revenue and cash flows are affected by economic factors, and by the reportable segment to which each revenue stream relates, as well as a reconciliation of total revenue from contracts with customers to total noninterest income. Revenue from contracts with customers is presented within noninterest income—technology products and solutions and noninterest income—other in the condensed consolidated statements of operations and comprehensive loss. There were no revenues from contracts with customers attributable to our Lending segment for the periods presented.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Financial Services |  |  |  |  |  |  |
Referrals | $ | 9,983 |  |  | $ | 10,210 |  |  | $ | 27,832 |  |  | $ | 26,783 |
Interchange | 6,029 |  |  | 4,225 |  |  | 21,961 |  |  | 11,518 |
Brokerage | 6,084 |  |  | 3,854 |  |  | 16,187 |  |  | 12,740 |
Other(1) | 1,395 |  |  | 1,562 |  |  | 2,230 |  |  | 1,990 |
Total financial services | 23,491 |  |  | 19,851 |  |  | 68,210 |  |  | 53,031 |
Technology Platform(2) |  |  |  |  |  |  |
Technology services | 81,419 |  |  | 81,474 |  |  | 233,876 |  |  | 221,742 |
Other(1) | 34 |  |  | 679 |  |  | 3,033 |  |  | 2,674 |
Total technology platform | 81,453 |  |  | 82,153 |  |  | 236,909 |  |  | 224,416 |
Total revenue from contracts with customers | 104,944 |  |  | 102,004 |  |  | 305,119 |  |  | 277,447 |
Other Sources of Revenue |  |  |  |  |  |  |
Loan origination and sales | 81,683 |  |  | 163,697 |  |  | 311,258 |  |  | 465,815 |
Securitizations | (6,298) |  |  | (8,772) |  |  | (22,375) |  |  | (31,790) |
Servicing | 8,009 |  |  | 7,296 |  |  | 29,803 |  |  | 30,003 |
Other | 3,908 |  |  | 1,910 |  |  | 11,481 |  |  | (131) |
Total other sources of revenue | 87,302 |  |  | 164,131 |  |  | 330,167 |  |  | 463,897 |
Total noninterest income | $ | 192,246 |  |  | $ | 266,135 |  |  | $ | 635,286 |  |  | $ | 741,344 |
_____________________ (1) Financial Services includes revenues from enterprise services and equity capital markets services. Technology Platform includes revenues from software licenses and associated services, and payment network fees for serving as a transaction card program manager for enterprise customers that are the program marketers for separate card programs. (2) Related to these technology products and solutions arrangements, we had deferred revenues of $5,418 and $10,028 as of September 30, 2023 and December 31, 2022, respectively, which are presented within accounts payable, accruals and other liabilities in the condensed consolidated balance sheets. We recognized revenue of $1,778 and $3,925 during the three months ended September 30, 2023 and 2022, respectively, and $6,562 and $6,699 during the nine months ended September 30, 2023 and 2022, respectively, associated with deferred revenues within noninterest income—technology products and solutions in the condensed consolidated statements of operations and comprehensive loss.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration