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.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

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.

Risk Assessment 54

Risk Assessment Assessments B2B Risk 54

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.

Credit Risk 80

Credit Risk Risk Assessments Financial Inclusion 80

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.

Underwriting 84

Underwriting Risk Assessment Payments Data Digital Payments 84

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

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.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

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.

Stablecoins 116

Stablecoins Assessments Risk Assessment Risk 116

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

Credit Risk 41

Credit Risk Assessments Risk Underwriting 41

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.

Credit Risk 52

Credit Risk Risk Risk Assessment Assessments 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.

Credit Risk 52

Credit Risk Risk AI Assessments 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.

Credit Risk 52

Credit Risk Risk AI Regulations 52

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.

Risk Management 112

Risk Management AI Risk Use Case 112

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.

Credit Risk 40

Credit Risk Risk Risk Assessment Assessments 40

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.

FTC 103

FTC Cross-Border Participant Risk Assessment 103

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.

Credit Risk 52

Credit Risk Risk Economy Origination 52

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.

AI 87

AI Risk Assessment Online and Mobile Banking Credit Risk 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.

AI 81

AI Credit Risk Regulatory Compliance Risk Assessment 81

FICO

APRIL 6, 2018

How are advances in artificial intelligence and machine learning changing credit risk assessment? This led to a new scorecard and index that rank-orders affordability risk and complements traditional credit risk scores. Join me at this session on Thursday, April 19, 10:15-11:15.

Credit Risk 89

Credit Risk Risk Assessment AI Risk 89

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.

Assessments 50

Assessments Privacy Small Business Finance 50

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.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

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.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

PYMNTS

APRIL 2, 2020

It is key to risk management functions, which entail assessing the likelihood that any given transaction could be fraudulent or present a credit risk. Bank of America (BoA) is one notable success story in the field of analytical risk assessment.

Credit Union 94

Credit Union Risk Risk Assessment Assessments 94

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.

Credit Risk 28

Credit Risk Checks Risk Risk Assessment 28

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.

Risk Assessment 36

Risk Assessment Credit Risk Assessments Risk 36

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.

Finance 64

Finance Risk Assessment Reconciliation Credit Risk 64

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.

Cybersecurity 49

Cybersecurity Risk Assessment Data Breach Due Diligence 49

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.

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

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.

BNPL 89

BNPL Credit Risk Risk Assessments 89

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.

Risk Assessment 36

Risk Assessment Credit Risk Assessments FinTech 36

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. The Fraud and Risk Continuum. What if your organization can act on that identity now?

Risk 82

Risk Fraud Detection Assessments Origination 82

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.

Fraud Detection 52

Fraud Detection Risk Assessment Credit Risk Assessments 52

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

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.

Automation 52

Automation Process Risk Assessment Assessments 52

The Paypers

FEBRUARY 22, 2022

Instant SME lending platform, Kintai has partnered with Nordigen to obtain transaction data for credit risk assessments.

Transactions 31

Transactions Risk Assessment Credit Risk Assessments 31

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.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52

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. .

Transactions 52

Transactions Small Business Origination Credit Risk 52

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.

Financial Inclusion 52

Financial Inclusion Risk Assessment Assessments Risk 52