Global Fintech & Digital Assets

OCTOBER 30, 2023

As before, and as described in our previous blog posts, intermediaries providing VA services will have additional terms and conditions imposed on their licences to implement the VA regulatory framework. This blog post sets out the key changes that the Joint Circular implemented to the previous VA regulatory framework. No Staking, etc.

Regulations 52

Regulations Assessments Caps Risk Assessment 52

FICO

APRIL 28, 2023

Home Blog FICO What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends? Credit Risk Assessment Trends For a couple of decades now, there has been a growth in the use of alternative data (i.e., consumer data not included in the traditional credit file) for credit risk assessment.

Credit Risk 52

Credit Risk Risk Risk Assessment Assessments 52

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. This ensures that the lender stays compliant and minimizes the risk of fines or penalties.

Origination 52

Origination Automation Risk Assessment Underwriting 52

FICO

JUNE 2, 2023

Home Blog Feed test Icing on the Cake: How the FICO Score and alternative data work best together Significant attention has been paid recently to the potential for use of alternative data to enhance the predictiveness and inclusiveness in credit scoring. See all posts chevron_left Blog home expand_less Back to top Related posts

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

VISTA InfoSec

JULY 5, 2023

With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

VISTA InfoSec

FEBRUARY 28, 2024

In this blog post, we will delve into the changes introduced in PCI DSS Requirement 8 from version 3.2.1 assessments.) Make sure these records outline who does what in terms of managing user accounts. Change passwords often based on risk level. Higher risk systems need more frequent changes. Requirement 8.3.6:

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

FICO

APRIL 12, 2023

And while some of our clients’ business lines benefit from the very latest innovations, others such as mortgage continue to find that older versions of the FICO® Score – even some that were first developed decades ago – meet their needs for credit risk assessment. That’s because FICO® Scores are built to last. Ethan has a B.S.

Credit Risk 52

Credit Risk Risk Assessment Assessments B2C 52

Nanonets

JUNE 12, 2024

In this blog, we will discuss five essential optimization practices for supply chain optimization today. KPIs serve as quantifiable measures that help businesses track and assess the efficiency of various supply chain activities. What is Supply Chain Optimization? Start by understanding your business's primary goals.

Automation 52

Automation Adjustments Risk Assessment Process 52

FICO

MARCH 24, 2021

Apart from identifying money laundering and terrorist financing risks in trade transactions, organizations must also think about potential anti-bribery and corruption concerns, as being pressured to pay bribes can lead to FCPA (Foreign Corrupt Practices Act) violations and hefty fines. . Set clear and realistic priorities.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

FICO

APRIL 17, 2019

Chamber of Commerce have produced our second quarterly Assessment of Business Cybersecurity Risk — think of it as the FICO Score for the nation’s cybersecurity risk. For the first quarter of 2019, the National Risk Score is 687, holding steady from the fourth quarter of 2018. Third-party and supply chain risk assessment.

Cybersecurity 66

Cybersecurity Risk Data Breach Breach 66

FICO

JANUARY 25, 2018

In a previous blog , I defined what is meant by a security or cybersecurity posture. You need to understand the liability and exposure to risk your business has and this cannot be achieved without accurate measurement. As my colleague Doug Clare wrote in his blog , connectivity creates aggregate risk. Customer desertion.

Cybersecurity 49

Cybersecurity Risk Assessment Data Breach Due Diligence 49

Global Fintech & Digital Assets

MARCH 5, 2024

In December 2023, the HKMA also published a consultation outlining a legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ) as well as a consultation on prudential treatment of cryptoasset exposures in February 2024 (see this Latham blog post ).

Authorization 59

Authorization Product Due Diligence Procedures 59

PYMNTS

JUNE 16, 2016

Its biggest plan, reports said, is to use QuadMetrics’ capabilities in predictive analytics and risk assessment strategy to create an “enterprise security score” for business customers. QuadMetrics says it had achieved 90 percent accuracy in predicting the chances that a company will suffer a cyber attack. .

Security 41

Security Risk Assessment Cybersecurity Assessments 41

Nanonets

SEPTEMBER 27, 2024

In the insurance industry, STP translates to automating various processes such as financial credibility assessment, KYC/Identity verification, underwriting, and claims processing. In this blog post, we'll explore what STP means in the context of the Insurance industry, the pain points within the industry and the benefits of STP.

Process 52

Process Underwriting Automation Database 52

PYMNTS

MAY 4, 2018

The blog posted excerpts from an email reportedly sent by Amazon Business to U.S. In its email, Amazon Business assured that companies will receive payment no longer than seven days past-due, while the eCommerce conglomerate also assured sellers that it will handle credit risk assessment, billing and collection.

Risk Assessment 49

Risk Assessment Payments Available Balance B2B 49

FICO

OCTOBER 10, 2022

To avoid situations like this, it is critically important that credit scoring models are proven over time and based on sufficient data to reliably assess a consumer’s credit risk in a way that doesn’t generate a low score. chevron_left Blog Home. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Joanne Gaskin. See all Posts.

Consumer 52

Consumer Underwriting Credit Risk Assessments 52

Nanonets

MAY 30, 2024

Vendor Support and Training : Assess the level of support and training provided by the software vendor. Nanonets Intelligent Automation, and Business Process AI Blog Karan Kalra Once the expense policy is configured in your workflow, each purchase is pre-checked against the policy rules and auto approved/rejected based on it.

Automation 52

Automation Process P2P Compliance 52

FICO

JANUARY 21, 2020

The Empirica Score was developed by predictive analytics software company FICO with the aim of equipping organisations that offer credit to their customers with solid risk assessment when determining an applicant’s eligibility for a credit. Account Origination Analysis Shows Downward Shift in Risk. Source: FICO Blog.

Credit Risk 52

Credit Risk Risk Economy Origination 52

FICO

APRIL 24, 2023

Trust combines this fast onboarding journey with comprehensive risk assessment by using predictive models, analytics and parameters built into its decision engine. We combine risk management fundamentals with data science and customer segmentation to help us arrive at optimum risk outcomes,” said Lohia.

Near Real-Time 52

Near Real-Time Risk Management Credit Cards Risk 52

FICO

AUGUST 27, 2019

This risk is highlighted in a new report by the U.S. Chamber of Commerce and underscores the need for effective third-party risk management (TPRM). The Q2 Assessment of Business Cyber Risk (ABC) report released this month by the U.S. Develop workflow to address the intersection of risk and criticality.

Cybersecurity 40

Cybersecurity Risk Management Assessments Risk Assessment 40

Nanonets

SEPTEMBER 23, 2024

In this blog, we’ll explore what bank statement analysis is, why it matters for your business, and how new technology is making it easier and more effective than ever.  By examining transaction histories, they evaluate risks and determine an applicant's ability to repay loans, guiding loan approval decisions. 

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

FICO

JANUARY 8, 2019

FICO Score hitting a new high in 2018 or the use of machine learning to challenge the score - dominated reader interest on the Risk & Compliance blog in 2018. Topics around the FICO® Score - whether it's about the average U.S. Here are the five posts with the most views. Average U.S. FICO Score Hits New High. The average U.S.

Compliance 40

Compliance Posting Risk Risk Assessment 40

PYMNTS

AUGUST 14, 2018

Amazon has also promised that it will handle credit risk assessment, billing and collection for its sellers. For all Pay by Invoice transactions, payment to you is guaranteed, even if the Amazon Business customer is late or defaults on their payment to Amazon,” the email stated, according to the blog.

Risk Assessment 40

Risk Assessment Available Balance Wire Wires 40

FICO

DECEMBER 21, 2018

The good news is that 2019 will also provide a tipping point: these same organizations will be shocked into taking a more clear-eyed assessment of their cyber security posture, and strong actions to improve their cyber defenses. Last year I predicted there would be huge uptake in cyber risk assessment tools like the FICO® Cyber Risk Score.

Data Breach 40

Data Breach Breach Assessments Cybersecurity 40

FICO

JUNE 5, 2023

Credit Risk Assessment Still Weighs on Telco Providers It’s a tricky balancing act for Telco providers to managing their credit risk and assessment strategies. He has a Master’s degree in Economics, with an emphasis in econometrics and game theory.

Finance 52

Finance Credit Risk Risk Origination 52

FICO

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. We agree with consumer advocates that this is a legitimate concern.

BNPL 52

BNPL Posting Underwriting Credit Risk 52

FICO

NOVEMBER 30, 2017

If an applicant has a medium risk of synthetic identity fraud at point of origination, this risk assessment may increase over the course of several years as new data indicates the now customer is part of a fraud ring. Step 3 – Collaboration with Risk. The Fraud and Risk Continuum.

Risk 82

Risk Fraud Detection Assessments Origination 82

FICO

NOVEMBER 30, 2016

In my recent blog, “Real talk: The imminent and very real danger of IoT,” I wrote: Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. I predict that we will see big advances in how ESS is adopted as an important risk assessment tool. Who’s scoring you now?

AI 108

AI Compromise Risk Assessment Assessments 108

Segpay

APRIL 16, 2024

PSPs may offer fraud scoring and risk assessment services to evaluate the likelihood of fraud for each transaction and flag high-risk transactions for further review. Chargeback Monitoring and Alerts: PSPs often offer chargeback monitoring and alert services that notify merchants of impending chargebacks or disputes.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Exact Payments

JANUARY 4, 2024

Furthermore, all new and updated code should not only be tested for known vulnerabilities but also assessed for potential unknown weaknesses. It includes regular updates, formal risk assessments, and a designated person or team to manage its implementation.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Nanonets

APRIL 26, 2023

Automating the underwriting process can increase the speed and accuracy of loan approvals, while also reducing the risk of errors. In this blog post, we will explore the processes and benefits of automated loan underwriting, and how using an OCR platform like Nanonets can help lenders achieve these benefits.

Underwriting 52

Underwriting Automation Fraud Detection AI 52

FICO

JANUARY 4, 2018

As artificial intelligence applications exploded last year, our blog posts on AI and machine learning drew thousands of readers. Indeed, taken together, they explored many aspects of Explainable AI and its applications, particularly in the area of credit risk. Enterprises: Lax cyber security? You’re about to be found out. “I

Posting 55

Posting AI Credit Risk Risk 55

Nanonets

FEBRUARY 26, 2024

In this blog, we explore the top 5 accounting OCR software dominating the financial landscape in 2024. Simplify Risk Assessment: Use Nanonets workflows for risk assessment with custom rules and a human-in-the loop model. Perform all assessments on autopilot while flagging documents for exceptions and rule failures.

Accounts 52

Accounts Payment APIs and Integration Automation Multi-Currency 52

Stax

NOVEMBER 29, 2023

Here’s what they can assess, identify and achieve: Revenue streams From the P&L statement, our manufacturing business finds that the most significant portion of the company’s revenue comes from customized office furniture contracts with local businesses.

Small Business 88

Small Business Accounts Assessments Risk 88

FICO

NOVEMBER 12, 2018

In assessing the predictive value of new scores or new data, significant weight is given to model performance measures. I have seen studies claiming a credit risk score can offer as much as 20% improvement in credit risk assessment over a predecessor model, as measured by relative improvement in Gini.

Assessments 45

Assessments Credit Risk OCC Risk Assessment 45

FICO

JANUARY 10, 2023

Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. In his blog FICO Integrates Fraud and Scam Detection in FICO Falcon Retail Banking 3.0 In many instances banks have a limited number of variables that they can consider in a fraud risk assessment. Review our blog posts on fraud.

Scams 52

Scams Posting Push-to-Card Compromise 52

FICO

NOVEMBER 1, 2017

With all the hype around artificial intelligence, many of our customers are asking for some proof that AI can get them better results in areas where other kinds of analytics are already in use, such as credit risk assessment. My colleague Scott Zoldi blogged recently about how we use AI to build credit risk models.

Credit Risk 71

Credit Risk Risk AI Assessments 71