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Assessments Credit Risk Risk Assessment 
Finextra
AUGUST 29, 2024
British FinTech, Lemon, which specialises in SaaS finance for SMB’s has announced a strategic partnership with WiserFunding, a leader in alternative data for credit risk assessment.
Finextra
NOVEMBER 7, 2024
Modern credit risk management now leans significantly on predictive modelling, moving far beyond tra.
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PYMNTS
MARCH 10, 2020
Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.
Bank Automation
MARCH 18, 2024
In the dynamic world of financial services, the need for rapid and precise credit decisions has never been more crucial. This demand is driving a transformative shift towards leveraging Artificial Intelligence (AI) and automation to redefine credit and risk assessment strategies.
83 
PYMNTS
NOVEMBER 2, 2020
Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. They can also assess ongoing credit quality.
85 
PYMNTS
APRIL 24, 2020
These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. This vital task is complicated even in normal times due to the multitude of financial risk factors in play at any given time. percent employ it for credit underwriting.
100 
The Paypers
NOVEMBER 29, 2023
Global integrated risk assessment firm Moody’s has started developing an artificial intelligence model in order to upgrade its credit risk and KYC checks.
28 
FICO
APRIL 28, 2023
Credit Risk and FICO Score Trends? credit risk and FICO® Score trends. At the same time, increasing adoption of recent innovations in credit scoring solutions should benefit consumers, leading to greater consumer empowerment opportunities and credit access.
52 
PYMNTS
NOVEMBER 3, 2020
Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate Credit Risk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment.
88 
PYMNTS
JUNE 23, 2017
LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix.
The Paypers
AUGUST 30, 2024
Lemon has entered into a partnership with WiserFunding , a provider of alternative data for credit risk assessment, to expedite credit decisions for SMBs.
PYMNTS
DECEMBER 9, 2020
Managing credit risk used to be a reactive process. Waiting until account holders fall behind to take action not only meant that customers’ credit scores would take a hit before their banks were alerted to a problem, but also that banks would lose the revenue from the scheduled payment.
98 
PYMNTS
AUGUST 28, 2017
Ford Credit and ZestFinance found that machine learning-based underwriting could reduce future credit losses significantly and potentially improve approval rates for qualified consumers, while maintaining its consistent underwriting standards. They are typically a good credit risk and are expected to command $1.4
41 
Fintech News
DECEMBER 12, 2023
Credit rating agency S&P Global Ratings has unveiled its new stablecoin stability assessment service, designed to evaluate their capability in maintaining a stable value in comparison to traditional fiat currencies. The assessment methodology employed by S&P Global Ratings is thorough and multifaceted.
112 
Payments Source
JANUARY 28, 2020
Alternative lending companies are one of the strongest examples of how leveraging rich financial transaction data can be used to go beyond traditional credit risk assessments, says Finsync's Eddie Davis.
84 
FICO
NOVEMBER 15, 2017
Lenders rely on credit scoring to assess consumers’ risk, and credit scoring relies on credit data. But what if an applicant is new to credit? EFL offers financial institutions a different way to assess creditworthiness and promote financial inclusion: by understanding personality.
80 
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.
71 
PYMNTS
DECEMBER 19, 2016
16) said Lendingkart will offer its credit risk assessment technology to banks and other alt-lenders starting in 2017. According to Lendingkart Cofounder Harshvardhan Lunia, the company will look to expand its reach in the SME lending market over the next six months by having other banks use its credit risk analytics software.
40 
FICO
MARCH 25, 2020
Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. They are one of our most sophisticated clients in terms of advanced analytics.”. by FICO.
97 
Stax
AUGUST 22, 2024
PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.
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.
52 
FICO
AUGUST 28, 2017
When it comes to using alternative data in credit risk assessments, the field has really opened up over the last few years. Here is useful information on how to assess alternative data and combine it with so-called traditional data to improve credit risk models. Multiple Types of Alternative Data.
52 
FICO
OCTOBER 31, 2017
With all the benefits of artificial intelligence, many of our customers are wanting to leverage machine learning to improve other types of analytic models already in use, such as credit risk assessment. My colleague Scott Zoldi blogged a few years ago about how we use AI to build credit risk models. default rate.
52 
Fintech News
JUNE 18, 2024
This platform allows for improved data accessibility, enabling participating financial institutions to make better credit risk assessments and facilitate financing for SME trade between Singapore and Cambodia.
101 
FICO
JUNE 2, 2023
While FICO may be the foremost champion of using safe and reliable alternative data, we also recognize both the opportunities and limitations of incorporating alternative data into credit risk assessment. More than 200 million U.S.
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EBizCharge
JULY 22, 2024
Risk Management: Businesses can also proactively assess and manage financial risks associated with marketing campaigns to avoid high-risk investments and ensure financial transparency and accountability, so expenditures align with company objectives.
Fintech News
APRIL 16, 2024
This shift could give risk professionals more time to advise on new products, analyze risk trends, and improve risk processes before issues arise. How enterprises can leverage generative AI for risk management In regulatory compliance, the report says that enterprises are using gen AI as a virtual regulatory and policy expert.
106 
Finovate
MARCH 19, 2024
Among the company’s other solutions are Credit Risk Assessment and Fraud Detection. The company demoed one of its solutions, UnBias , at FinovateFall 2022, and won a Best of Show award for its presentation. Stratyfy is one of 80 graduates of FIS’ Fintech Accelerator , having completed the 12-week program in 2020.
The Paypers
FEBRUARY 22, 2022
Instant SME lending platform, Kintai has partnered with Nordigen to obtain transaction data for credit risk assessments.
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Nanonets
APRIL 5, 2023
While access to credit is crucial for many people and companies, lenders must also protect themselves from the risk of default and ensure that they can remain financially solvent in the long run. Without proper filtering, lenders run the risk of approving high-risk borrowers, which can lead to increased loan defaults and losses.
52 
The Paypers
JUNE 1, 2020
Invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding , to assist with the availability and pricing of commercial credit insurance.
PYMNTS
DECEMBER 14, 2020
“[Circumstances] have underscored the singular importance of artificial intelligence (AI) in managing credit risk as well as supporting other bank operations. AI can make it easier for financial institutions (FIs) to predict how likely their customers are to make timely payments and improve overall risk assessment capabilities.
87 
PYMNTS
MARCH 6, 2020
Even more significantly, our research shows that FIs are using AI with greater focus than they have in the past, with two areas emerging as key applications: payments fraud and credit risk. Supervised systems like BRMS are simply not capable of responding to the dynamic, constantly shifting nature of these risks.
81 
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.
52 
PYMNTS
JUNE 1, 2020
invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding , according to a report in Crowdfund Insider on Friday (May 29). The partnership is a result of the launch of the FinTech task force Innovate Finance , which took place in March, the report said.
PYMNTS
DECEMBER 21, 2016
For Nav , which offers credit assessment services for lenders, as well as a marketplace for borrowers to find a loan, top names like Bank of America have introduced that dynamic for small businesses that need financing. In Nav’s case, that dynamic largely takes the shape of promoting innovation in the credit assessment space.
50 The Paypers
AUGUST 5, 2020
UK-based fintech Wiserfunding has entered India market by launching an AI-backed credit risk assessment tool for SMEs.
FICO
SEPTEMBER 15, 2022
“We have been on a journey in Saudi since 2011, to grow lending and increase financial inclusion through the adoption of advanced risk assessment tools,” said Swaied Alzahrani, CEO of SIMAH. Prior to the implementation, lenders in the region had been relying heavily on salary data to assess a consumer’s propensity to repay a loan.
The Paypers
JULY 22, 2019
(The Paypers) European ratings agency, modefinance and UK-based SME credit risk assessment platform, Wiserfunding , have launched a certified credit rating service for SMEs.
FICO
FEBRUARY 16, 2022
billion more credit to existing SME customers, while helping further support originations by driving incremental lending of US$580 million to new customers. The lender increased the risk models' performance by combining transactional data and machine learning insights, which helped to drive a significant spike in new SME lending. .
52 
PYMNTS
OCTOBER 18, 2020
The suite offers services for cash reconciliation, eInvoicing, collections and credit risk assessment. HighRadius also rolled out its HighRadius A/R suite to boost accounts receivable (AR) automation in May.
64 The Fintech Times
FEBRUARY 7, 2024
Kris Costello, global head of sales lending division at Aryza “A prevailing assumption is that BNPL is predominantly utilised by young individuals with limited incomes and transient lifestyles and is seen as a readily available source of low-cost credit for frequent, low-value purchases, positioning it as a potentially risky form of lending.
115 
FICO
JANUARY 25, 2018
You need to understand the liability and exposure to risk your business has and this cannot be achieved without accurate measurement. Traditionally, the focus has been on chasing threats and vulnerabilities as they occur, using methodologies such as penetration testing and vulnerability assessments. Credit risk.
EBizCharge
NOVEMBER 15, 2024
This accounting practice hinges on various calculation methods and industry benchmarks, influencing how companies assess risk and allocate resources. The percentage of sales and aging of receivables methods are commonly used and recognized for their distinct approaches to evaluating the credit risk associated with AR.
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