FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Building portfolio risk resilience into customer management. Thu, 05/12/2022 - 07:46. Thu, 12/08/2022 - 16:00. Of course, credit risk management is only one aspect of portfolio health. Saxon Shirley. by Jim Patterson.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

FICO

AUGUST 16, 2022

Canada Bankcard Industry Benchmarking Trends: Q2 2022 Update. Thu, 05/12/2022 - 07:46. Tue, 08/16/2022 - 15:30. On July 13th, 2022, Bank of Canada raised its target overnight rate to 2.5%, an increase of an entire percentage point. Consumer inflation in June 2022 is up 8.1% See all Posts. Related posts.

Credit Cards 52

Credit Cards Advisors Fraud Prevention Consulting 52

Fintech News

AUGUST 1, 2024

ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has expanded its capabilities in Singapore and Malaysia with an upgraded Know Your Business (KYB) service. in 2022, will now operate under ADVANCE.BizQ , further enhancing the company’s credit bureau offerings.

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Due Diligence Money Laundering AML Verification 96

FICO

JUNE 7, 2022

Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update. Tue, 06/07/2022 - 15:00. in April 2022, the highest since January 1991. The government of Canada raised its target for overnight rate to 50 bps to 1 % on April 13th, 2022. Average total monthly sales increased to $1,546 in March 2022, 17.5 % higher.

Credit Cards 52

Credit Cards Advisors Best Practices Issuers 52

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Building portfolio risk resilience into customer acquisition. Thu, 12/08/2022 - 16:00. FICO® Scores, often an important contributor to underwriting risk management strategies, are designed to provide valuable risk rank-ordering through all economic cycles.

Addressing 52

Addressing Risk Underwriting Risk Management 52

Finovate

SEPTEMBER 10, 2024

Delfi Labs for its technology that creates efficient risk management and hedging strategies in minutes, enabling clients to defend margins, enhance performance, and raise valuation. Credit Mountain for its technology that helps organizations grow their businesses by retaining, nurturing, and cross-selling declined borrowers.

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Deepfake Innovation Advisors Risk Management 111

Fintech Finance

SEPTEMBER 18, 2024

ISO 27001 certification demonstrates that Tribe has implemented robust information security and risk management systems to protect information confidentiality, integrity, and availability in today’s evolving cyber landscape.

ISOs 84

ISOs Security Payment Security Payment APIs and Integration 84

Fintech News

JUNE 10, 2024

As Deputy Head of Group Governance, Risk and Compliance, Tan will enhance the bank’s risk management and strengthen governance across the organization. She previously led Retail and Brand at UOB Thailand and has held senior positions in both retail and wholesale banking at Citibank Thailand before joining UOB in 2022.

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Card Issuer Compliance Government Governance 94

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Wed, 08/03/2022 - 12:40. There is definitely more to learn from FICO World 2022 as you enjoy the rest of the summer. by TJ Horan.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

Finovate

FEBRUARY 2, 2024

Formerly known as Bill.com, the company rebranded to BILL in 2022. ” Sweden-based Adyen was founded in 2006 and offers payment acceptance, embedded payments, virtual card capabilities, authentication, risk management, insights, and more. Among the company’s corporate clients are Meta, Uber, H&M, eBay, and Microsoft.

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Acquirers Embedded Payments Risk Management Authentication 98

Fintech Finance

AUGUST 6, 2024

Available on both Android and iOS, the app provides business users with on-the-go transaction capabilities in both local and foreign currencies, multi-currency wallets, and is synced with the desktop version of okoora’s ABCM (Automated Business Currency Management) platform.

Cross-Border 81

Cross-Border Multi-Currency Risk Management Global Payments 81

Finovate

JULY 30, 2024

Texas-based Vantage Bank announced this week it has tapped financial risk control platform Cable to facilitate the bank’s compliance and risk management program. “This opportunity requires that we have a robust risk management program and strong controls to ensure regulatory compliance.

Compliance 52

Compliance Risk Management Regulatory Compliance Financial Crimes 52

Fintech News

JULY 17, 2024

This launch follows Arta’s expansion of its product offerings and its exit from stealth in 2022, backed by more than S$120 million from investors including Peak XV, Ribbit, and Coatue. It also uses AI to create personalised, automated portfolios, enabling direct indexing for risk management.

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Finance Accreditation AI Encryption 93

Fintech Finance

SEPTEMBER 24, 2024

Remittances to Africa have doubled over the last decade, reaching an estimated $100 billion in 2022, according to the United Nations, supporting the medical bills, education costs, and living expenses of an estimated 200 million Africans. The post Send App by Flutterwave Collaborates with MainStreet Bank to Extend Remittance Reach to 49 U.S.

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Community Banks Risk Management Compliance Payment Solutions 83

Fintech Finance

OCTOBER 17, 2024

Cyberbank Core became an integral part of Galileo’s offering after SoFi’s acquisition of Technisys in 2022. Risk Management : Advanced fraud detection using machine learning, reducing fraud by 35% on average for Galileo clients. Galileo is a subsidiary of SoFi. “We

Payment APIs and Integration 87

Payment APIs and Integration Technology Fraud Detection Payments 87

Fintech News

MAY 8, 2024

MAS has been cautioning the public about these risks since 2017 and restricted cryptocurrency advertising in public spaces in January 2022. These regulations also extend to business conduct, requiring platforms to maintain proper asset segregation, conflict of interest assessments, and risk management processes.

Addressing 92

Addressing Stablecoins Monetary Loss Cryptocurrency 92

Finovate

DECEMBER 12, 2023

Risk management and compliance solutions provider Ncontracts has acquired Quantivate this week. Quantivate, which provides governance, risk, and compliance (GRC) solutions for banks and credit unions, was founded in 2005. Financial terms of the deal were not disclosed.

Acquirers 52

Acquirers Credit Union Risk Management Compliance 52

Finovate

JANUARY 17, 2024

Supply Wisdom unveiled its self-service, SaaS-based model that gives organizations the ability to conduct real-time risk monitoring. Supply Wisdom made its Finovate debut in 2022 at FinovateFall in New York. Supply Wisdom made its Finovate debut at FinovateFall 2022. million funding, according to Crunchbase.

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Risk Risk Management Verification Regulations 64

Fintech News

AUGUST 26, 2024

billion from 27 transactions, a significant increase from the US$538 million raised across 39 deals in 2022. Insurtech trends and opportunities Post-pandemic, Southeast Asia has seen a significant shift in consumer attitudes towards insurance, now seen as a necessity rather than a luxury. billion and 32 transactions recorded in 2020.

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On-Demand Product Transactions Adjustments 142

Fintech News

MARCH 5, 2024

The partnership involves the issuance of cards, integration with Visa Direct for faster money transfers, and the provision of risk management services. This deal expands upon previous collaborations between the two financial services giants in 2019 and 2022, which made it possible for customers in the U.S.

Cross-Border 94

Cross-Border Cross-Border Payments Debit Card Risk Management 94

Finovate

JULY 24, 2024

Startups in targeted subsectors that are leveraging generative AI in unique ways are still garnering attention and funding from investors, though not quite at the high levels we saw in 2021 and early 2022. The use of the technology experienced major expansion after the general release of ChatGPT in late 2022.

Checks 59

Checks FinTech Embedded Finance CFPB 59

FICO

NOVEMBER 21, 2022

FICO awarded first place in six categories on risk and compliance technology in the 2023 Chartis RiskTech100 ® Report, including Innovation for the sixth year in a row. Fri, 06/03/2022 - 12:24. Mon, 11/21/2022 - 20:30. Innovation – AI and Decision Management Platform (*New category win for FICO). See all Posts.

Risk Management 52

Risk Management Compliance Audit Risk 52

Finovate

SEPTEMBER 19, 2024

Headquartered in San Francisco, California and founded in 2022. Tennis offers an automated AI compliance and risk management solution to help businesses better manage customer complaints and external communications. We caught up with one such regtech, Tennis Finance , and its Co-Founder and CEO Jake Pimental.

Automation 59

Automation Compliance AI Risk Management 59

Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.

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OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Fintech News

MAY 28, 2024

The Brazilian digital bank turned a net loss in 2022 into a US$1 billion net profit in 2023, with revenues exceeding US$8 billion. According to a 2022 report by IDC , the big data and analytics market in the Asia Pacific region is expected to grow at a CAGR of 19.6% from 2022, reaching US$42.2 billion in 2023. trillion by 2025.

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APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 116

The Fintech Times

MAY 15, 2024

Skyro, a Philippine-regulated fintech firm, has teamed up with ADVANCE.AI, a Southeast Asian provider of digital identity solutions and risk management. ” The post Skyro Partners with ADVANCE.AI to Boost Financial Inclusion in the Philippines appeared first on The Fintech Times.

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Financial Inclusion Scams Online and Mobile Banking Risk Management 45

Neopay

JUNE 13, 2024

billion through unauthorised and authorised fraud, a four percent decrease from 2022, while banks prevented £1.25 Neopay’s dedicated support in risk management, AML, and open banking enables businesses to stay ahead of emerging fraud threats, allowing them to focus on growth and innovation while safeguarding their customers and assets.

Law Enforcement 52

Law Enforcement Scams Crime Fraud Prevention 52

The Fintech Times

JUNE 10, 2024

Key services also include OTC trading solutions, deep liquidity access, risk management solutions, and fiat on-ramp/off-ramp services. Since opening in June 2022, Hex Trust’s Dubai office has positioned itself to contribute to the MENA region’s status as a global virtual asset hub.

Security 59

Security Regulations Risk Management On-Demand 59

The Fintech Times

OCTOBER 10, 2024

Enhancing Security and Risk Management In line with its commitment to security and risk management, OKX announced the appointment of Yuri Mushkin as Global Chief Risk Officer. The post OKX Launches Licensed Crypto Exchange in UAE Amid VARA’s Regulatory Crackdown appeared first on The Fintech Times.

Risk Management 52

Risk Management Cryptocurrency Legal Framework Blockchain 52

The Fintech Times

APRIL 5, 2024

” The launch comes after Crypto.com secured its Electronic Financial Transaction Act (EFTA) and Virtual Asset Service Provider (VASP) registrations in August 2022. The post Crypto.com Debuts Crypto Trading Platform in South Korea appeared first on The Fintech Times.

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Cryptocurrency Regulations Compliance Risk Management 69

The Fintech Times

SEPTEMBER 2, 2024

As part of the collaboration, Ant International will explore integrating its AI-driven credit tech solutions, including an automated and intelligent risk management engine, into the Dock One platform.

Financial Inclusion 72

Financial Inclusion AI Underserved Underwriting 72

FloQast

JANUARY 2, 2024

Businesses that navigate the ever-changing risk management landscape are the ones that will be most likely to succeed. PWC’s 2022 Global Risk Survey reveals that organizations embracing risk management as a strategic organizational capability are twice as likely to expect revenue growth of 11% or more in the following year.

Risk Management 52

Risk Management ISOs Risk Mitigation 52

Fintech News

JANUARY 31, 2024

In its latest funding round in April 2022, Coda Payments raised US$690 million in a growth equity VC round, with participation from investors such as Singapore’s sovereign wealth fund GIC, VC firm Insight Partners, and New York-based global private equity firm Smash Capital. Its enterprise business, Advance.ai

FinTech 101

FinTech Cross-Border Cross-Border Payments Security 101

CB Insights

NOVEMBER 3, 2022

While insurtech funding has remained relatively flat quarter-over-quarter in 2022, insurers are still actively engaging with startups to improve their businesses — including addressing climate-related risks. . download the State of Fintech Q3 ’22 Report. Underwriting and claims automation. Insurance product innovation.

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Underwriting Risk Management Risk Product 95

The Fintech Times

OCTOBER 29, 2024

By leveraging Standard Chartered’s expertise and risk management framework, OKX aims to offer institutional investors a broader range of secure and reliable custody solutions. Hennerberg joined Lumera as group controller in early 2022.

FinTech 64

FinTech Embedded Finance Multi-Currency Non-Bank 64

Fintech Finance

AUGUST 20, 2024

Sofia joined Standard Chartered in 2022 as Head of Risk for Transaction Banking. Before joining Standard Chartered, Sofia spent 22 years at BNP Paribas holding several roles spanning Risk management, internal audit, business development, strategy, leadership and change management in Europe and Asia Pacific.

Transactions 52

Transactions Treasury Management Treasury Audit 52

Finovate

MAY 6, 2024

“We’re excited to partner with Coris on improving the SMB risk management process for builders of financial products,” Alloy GM of Partner Solutions Brian Bender said. “Having a wide array of data at their disposal is critical for banks and fintechs to manage identity risk across the customer lifecycle.”

Automation 52

Automation Risk Underwriting Embedded Finance 52