The Fintech Times

JANUARY 17, 2024

. “A key component of our AI suite is our GPT -based assistant, ‘TensorAssist,’ tailored for underwriters. With these tools, a single underwriter can now do the work that used to take five underwriters. With these tools, a single underwriter can now do the work that used to take five underwriters.

AI 128

AI FinTech Underwriting Due Diligence 128

The Payments Association

MARCH 18, 2025

In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. Unlike open finance, which typically operates within regulated frameworks, open data relies heavily on voluntary data sharing and commercial agreements.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

FEBRUARY 6, 2025

Mehreen Rafiq has joined Offa as senior underwriter, while Shamila Kausar is now customer service officer. Appointments Outliers Venture Capital, the early-stage investment firm backing outlier founders in MENA, today announced the appointment of Kenzie Falcoz as operating partner.In

FinTech 59

FinTech Cross-Border AI Underwriting 59

PYMNTS

JULY 3, 2018

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. Michael Carter, CEO and president of BizEquity , has another vision in mind: lenders using the value of a small business to underwrite SMB loans.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

PYMNTS

JANUARY 5, 2021

The aim of the agreement is to boost access to “transparent, affordable credit — particularly among businesses owned by women, people of color and rural entrepreneurs,” the nonprofit lender noted in a press release. The San Jose-based community development financial institution, or CDFI, on Tuesday (Jan.

Credit Union 79

Credit Union Small Business Underserved Agreements 79

M2P Fintech

MARCH 24, 2025

This includes employing machine learning algorithms to automate parts of the loan application and underwriting process, as well as using digital platforms to facilitate communication between borrowers, lenders, and other relevant parties. For instance, the increase in use of digital and automated processes is likely to continue.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Wharton Fintech

OCTOBER 12, 2023

But it can be just as painful, following all the rules and the hundred-page credit agreement so that you don’t get penalized by Goldman for breaking a covenant or two. …I And oftentimes, it’s painful and lengthy enough to get access to that $50 million credit line. But certainly, there’s much cooler, powerful, sexier use cases on the horizon.

Agreements 130

Agreements Use Case Rules FinTech 130

Fintech Finance

SEPTEMBER 10, 2024

Klarna underwrites every transaction based on strict eligibility assessments and boasts a 99% repayment rate globally. Globally, about 30% of the payments Klarna processes are immediate payment. Klarna’s BNPL is a short-term, interest-free credit service with no fees when paid on time.

BNPL 97

BNPL Payment Networks Credit Cards APACS 97

PYMNTS

FEBRUARY 20, 2020

Reports in Reuters , citing unnamed sources, said that the bank has set a deadline of July 30 for FinTech firms to sign data access agreements, and will require those FinTech firms to support an initiative that would have them stop using customers’ own passwords to access their bank data as a way to power the firms’ solutions.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

Stax

NOVEMBER 14, 2024

The cardholder is responsible for paying back that amount in accordance with their credit card agreement. Your account will then be approved by underwriters for a certain amount of money per transaction based on your business type, processing history, and ticket size. It’s done to ensure no fraudulent activity is taking place.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

JANUARY 8, 2021

million in its February 2019 initial public offering (IPO) and following exercise of the underwriters’ over-allotment option. The news comes after it was reported in October that CarLotz and Acamar had come to a “definitive business combination agreement” that would transform the pre-owned car behemoth into a public company.

Underwriting 80

Underwriting Agreements Checks Transactions 80

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. Small businesses (SMBs) seeking loans decreased at the end of 2017, and companies felt the sting of financial challenges more acutely.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 46

Finovate

JULY 16, 2024

Under the agreement, FIS will leverage Lendio’s technology to fuel its new Digital Lending solution. The new lending tool provides fully automated decisioning by combining big data and machine learning with underwriting expertise. FIS has partnered with online lending marketplace Lendio.

Facilitators 59

Facilitators Underwriting Small Business Automation 59

Fintech Finance

JUNE 21, 2024

In addition, Gynger secured a debt facility from CIM (Community Investment Management) with an agreement to fund up to $100MM. Gynger utilizes advanced AI and data analytics to underwrite and approve credit for customers faster than any other financing solution available.

PayPal 98

PayPal Embedded Finance Finance On-Demand 98

Finovate

OCTOBER 24, 2024

The agreement, which is set to close next month, will bring Effectiv’s developer-friendly, AI orchestration and decisions platform into Socure’s digital identity verification and fraud solutions platform. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

EBizCharge

JANUARY 16, 2025

Check your merchant agreement: Your merchant agreement contains detailed information about your payment processing arrangement, including the MCC. Reviewing your merchant agreement can also confirm whether the MCC accurately reflects your business activities.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

PYMNTS

SEPTEMBER 20, 2018

In another statement, Bank of Nanjing Vice President Wenkai Zhou said the FI has partnered with Ant Financial “to build a distributed digital finance platform” that will enhance the bank’s “ability to underwrite loans.”. The brand was announced at the 2018 Ant Technology Exploration Conference.

Technology 69

Technology Underwriting Blockchain Agreements 69

PYMNTS

MARCH 12, 2020

The API will reduce friction related to manual data sharing and entry, the company said, enabling lenders to more easily collect necessary information as they underwrite and make loan decisions. Jack Henry Links FIs to AR Finance Offering. Yes Bank Woes See API Disruption.

Payment APIs and Integration 77

Payment APIs and Integration API Small Business Underwriting 77

PYMNTS

AUGUST 3, 2020

This indication of interest is not a binding agreement or commitment to purchase,” the company said in a filing with the U.S. Securities and Exchange Commission (SEC).

Underwriting 65

Underwriting Agreements Security Technology 65

PYMNTS

JANUARY 10, 2020

10) said Aflac Global Investments has reached an agreement to acquire a minority stake in Varagon Capital Partners, a direct lender to mid-market companies. ” He added that the company has developed platform “based on thoughtful and disciplined credit underwriting standards consistent with our investment philosophy.”

Finance 52

Finance Underwriting Acquirers Research 52

PYMNTS

MARCH 3, 2020

In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. Unfortunately, said Spear, many businesses fail to standardize and automate many of these processes.

Accounts 74

Accounts Underwriting Reconciliation Credit Limit 74

PYMNTS

NOVEMBER 23, 2020

Those needs will most easily be met by innovative, digital-first firms working with incumbent big banks that want to improve underwriting, broaden wealth management offerings and cement relationships with end consumers, Vosburg said.

Consumer 117

Consumer Visa Use Case CFPB 117

PYMNTS

JANUARY 10, 2020

10) said that Aflac Global Investments has reached an agreement to acquire a minority stake in Varagon Capital Partners, a direct lender to mid-market companies. ” He added that the company has developed a platform “based on thoughtful and disciplined credit underwriting standards consistent with our investment philosophy.”

Finance 52

Finance Underwriting Acquirers Research 52

PYMNTS

JULY 18, 2017

It then begins the underwriting process for approved applicants. At that point, live underwriters jump in and run additional reviews or verifications if they think it necessary.

Underwriting 58

Underwriting Payment APIs and Integration Verification Credit Risk 58

Stax

JANUARY 8, 2024

Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. This requires sound underwriting policies and procedures.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Paypers

APRIL 11, 2024

Empower Finance , a player in alternative credit underwriting has announced the definitive agreement to acquire Petal and the completion of its acquisition of Cashalo.

Acquirers 36

Acquirers Underwriting Agreements Finance 36

PYMNTS

MARCH 3, 2017

has developed software to help companies manage financial agreements to ensure legal enforceability and compliance. Dealflo automates the financial agreement process on a cloud platform and said it will use its latest funding to help expand into new geographic markets. Dealflo, based in the U.K., On Monday (Feb.

B2B 59

B2B Agreements Underwriting Participant 59

PYMNTS

OCTOBER 5, 2016

It also requires publicly available card agreements so that customers have some reasonable ability to comparison shop. Additionally, with a few exceptions, issuers must submit all agreements to the CFPB, which intends to post them on a public, Bureau-maintained website at a future date.

CFPB 75

CFPB Rules PayPal Debit Card 75

Stax

APRIL 17, 2025

Revenue-sharing or referral agreements In some cases, ISVs and partners share revenue when customers buy the integrated solution, or ISVs earn a referral fee when they bring new users to the platform. These joint efforts help ISVs build credibility and reach a wider audience. You can even ask for sample residual statements to be sure.

ISVS 88

ISVS Payment APIs and Integration API Underwriting 88

PYMNTS

APRIL 7, 2017

But in a twist, the shares would list directly in an exchange, which means that the firm would not sell shares directly to institutions or individuals, with some money saved on underwriting.

Underwriting 49

Underwriting Agreements 49

PYMNTS

MAY 23, 2016

To better understand how this is done, PYMNTS caught up with Agreement Express CEO Mike Gardner to get the insider’s take on how his company innovates, how its model fits into the wider ecosystem and what advice he has for those who are looking to catch up faster. MG: There are two elements of innovation for Agreement Express.

Innovation 40

Innovation Underwriting Agreements Product 40

PYMNTS

DECEMBER 8, 2019

The bank’s blockchain system was used to issue digital certificates proving ownership, as well as create groups of underwriters and document proof of transactions. “This is also the first bond issuance ledger system that is based on blockchain in the country.”. As of September, Bank of China has lent 404 billion yuan ($57.7

Blockchain 52

Blockchain Bitcoin Tax Refunds Underwriting 52

PYMNTS

JUNE 28, 2016

But Mike Gardner, CEO of Agreement Express, an automated onboarding technology firm, says the merchant acquiring industry is like a round of Pac-Man, where gobbling up merchants is the name of the game. Used here in the guise of payments, Gardner says that the concept extends to onboarding and underwriting merchants in a streamlined manner.

Acquirers 40

Acquirers Agreements Underwriting Best Practices 40

Paystand

DECEMBER 10, 2024

Still, to get one, your company must meet various requirements, including having a business license, making an agreement where your business submits to underwriting, and undergoing a stringent approval process. Typically, to be able to process credit card transactions, your business will need a merchant account.

Processors 52

Processors Payment Gateways Debit Card Payments 52

The Fintech Times

NOVEMBER 18, 2024

This includes: product management quotation and underwriting management policy management claim management They will also gain a competitive advantage by strategically allocating resources, such as personnel and investments, to high-value-added areas like new product development and sales channel expansion.

Best Practices 59

Best Practices On-Demand Addressing Underwriting 59

National Merchants Association

AUGUST 2, 2022

The ProAgent Portal lets you submit applications for your potential merchants and communicate directly with National Merchants Association’s Underwriting and Risk Management teams from your Portal. Agreement, highlighting up to a 90% revenue share on your merchant accounts. The data you’ll find is always fresh and updated in real-time.

Underwriting 52

Underwriting Risk Management ISOs Risk 52

National Merchants Association

AUGUST 2, 2022

s Underwriting and Risk Management teams from your Portal. Agreement, highlighting up to a 90% revenue share on your merchant accounts. from underwriting to risk management. The ProAgent Portal lets you submit applications for your potential merchants and communicate directly with LOLA POS.’s Up to 90% residuals.

Underwriting 52

Underwriting Risk Management ISOs Risk 52