PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. This was not only costly for customers, but also financially dubious for their banks.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

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.

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

The Fintech Times

APRIL 16, 2024

With this move, KBZ Bank will help accelerate the adoption of AI-led credit risk management in Myanmar. Integrating CreditX With CreditX, FinbotsAI’s AI-powered credit scoring platform, KBZ Bank will be able to assess the creditworthiness of applicants across retail and SME products.

Checks 67

Checks Credit Risk Risk Management Assessments 67

FICO

OCTOBER 21, 2021

How can lenders best measure and manage credit risk, given the disruptive patterns in consumer behaviour over the last 18 months? Last week a FICO team met with chief risk officers from some of the biggest UK banks to discuss these and other challenges, at our UK CRO Summit.

Risk Management 52

Risk Management Risk Credit Risk Assessments 52

Fintech Finance

APRIL 16, 2024

Combining RiskQuest’s significant experience and insights on the Dutch financial environment with Worldline’s global status as an innovative partner for payment services, this partnership will leverage their joint capabilities and further enhance Worldline’s Credit Insight solution which was launched last year.

Checks 52

Checks Payment APIs and Integration Credit Risk Risk 52

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. However, a significant revolution lies ahead – the personalisation of services based on individual user assessments. “Finally, AI is reducing risk in the embedded insurance space.

Embedded Finance 133

Embedded Finance AI Finance Assessments 133

The Fintech Times

SEPTEMBER 11, 2024

MoneyLion has teamed up with Nova Credit to integrate cash flow underwriting into its decisioning engine, enabling credit issuers on its platform to access more comprehensive data for evaluating consumers’ financial health.

Underwriting 57

Underwriting Risk Management Credit Risk Issuers 57

FICO

APRIL 6, 2017

Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Take, for example, our new credit decisioning solution, FICO Origination Manager Essentials – Small Business. It’s designed to help lenders make faster origination decisions without increasing risk.

Credit Risk 96

Credit Risk AI Risk Origination 96

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

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

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

APRIL 5, 2017

. Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Take, for example, our new credit decisioning solution, FICO Origination Solution, Powered by FICO Platform. It’s designed to help lenders make faster origination decisions without increasing risk.

Credit Risk 52

Credit Risk AI Risk Origination 52

Nanonets

APRIL 5, 2023

In the world of lending, risk management is crucial to success. But with a growing number of loan applications and an increasing number of delinquencies, how can lenders effectively manage risk without sacrificing efficiency? The answer lies in automating steps in the lending process.

Automation 52

Automation Process Risk Assessment Assessments 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). s SMEs if they combine the various innovations from the FinTech space, insurance and risk management sectors.”.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

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

JUNE 26, 2020

By studying past recessions, we know that in a down economy credit criteria goes up and access to credit goes down as lenders try to mitigate credit risk. The tool is now available to lenders from multiple credit bureaus.FICO® Resilience Index.

Credit Risk 98

Credit Risk Risk Assessments Origination 98

FICO

APRIL 24, 2023

Trust Bank is setting a precedent for financial services by onboarding an individual and delivering a credit card to them digitally on their phone within four minutes, creating a seamless digital onboarding process for new customers. This creates a highly automated digital onboarding journey for our customers."

Near Real-Time 52

Near Real-Time Risk Management Credit Cards Risk 52

FICO

FEBRUARY 16, 2022

Rejection rates have always been higher among micro-businesses, small and medium-sized enterprises, due to the higher costs of serving customers, higher risk profiles for banks, alongside a lack of traditional data to enable accurate evaluation. Learn more about balancing risk, opportunity and reward when it comes to SME lending.

Transactions 52

Transactions Small Business Origination Credit Risk 52

EBizCharge

APRIL 29, 2024

This sale provides the business with immediate cash flow, allowing them to access funds without waiting for clients to pay their invoices within the standard credit terms. The AR factoring company evaluates these invoices by assessing the debtor’s creditworthiness. How do factoring companies pay for invoices?

Accounts 52

Accounts Credit Risk Non-Bank B2G 52

The Fintech Times

JULY 16, 2024

How has open banking impacted the credit market in the past two years? Open banking has made a significant impact on the credit market by promoting financial inclusion and improving risk management for lenders. Overall, I would say open banking is creating a more dynamic and fair financial landscape in Latin America.

Financial Inclusion 52

Financial Inclusion Consumer Assessments Interoperability 52

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

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

PYMNTS

FEBRUARY 29, 2016

The company, which provides data and business intelligence solutions, like credit ratings and research for the financial world, said Thursday (Feb. Finagraph similarly provides automated data aggregation and analysis, with a focus on helping banks be able to assess the creditworthiness of small and medium-sized enterprises.

Assessments 40

Assessments Small Business Credit Risk Risk Management 40

FICO

OCTOBER 18, 2016

This score can be used by an enterprise to understand its cyber risk and shore up defense gaps. The FICO Enterprise Security Score can also be used as an assessment tool by third parties such as cyber insurance providers and potential business partners. A score that quantifies cyber risk.

Cybersecurity 96

Cybersecurity Assessments Ransomware Data Breach 96

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. All of these features are powered by our AI-driven underwriting and risk-scoring infrastructure, which is built in-house from the ground up. The partnership brings together J.P. By combining J.P.

AI 59

AI B2B Finance Underwriting 59

The Fintech Times

MARCH 9, 2024

“Given the current economic climate, we’re also seeing that banks in the current lending landscape are increasingly refocusing on their core lending products, like credit cards, overdrafts, and loans, favouring more established and sustainable revenue streams.

BNPL 70

BNPL Risk Management Risk Push-to-Card 70

FICO

MARCH 21, 2023

Like in years past, we also surveyed SFVegas 2023 attendees on the overall economic climate and how they use credit scores to support securitization risk management. 14% said the financial outlook for their company was very strong, and another 50% assessed the outlook as strong.

Participant 52

Participant Credit Risk Risk BNPL 52

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. High mortgage rates and inflation pose a risk of stressed customers defaulting on their mortgages, potentially causing government interventions.

AI 111

AI Risk Non-Bank On-Demand 111

FICO

JANUARY 4, 2018

“By contrast, growth in student loan debts outpaced inflation, being both greater in number as well as balances; this undoubtedly creates a drag on capacity for other forms of consumer credit.”. A New Way to Score Credit Risk – Psychometric Assessments. Using Alternative Data in Credit Risk Modelling.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

FICO

JUNE 1, 2023

Tools at myFICO.com are also available to help consumers track their credit usage and FICO® Score. If you are a Risk Manager, you should be reviewing lending strategies to ensure customers are receiving the right treatment across the lifecycle and getting the help that is needed if debts cannot be fulfilled.

Credit Cards 52

Credit Cards Federal Reserve Tax Refunds Returns 52

PYMNTS

NOVEMBER 15, 2016

14) that the company is entering the small business finance space with a new platform that adds to its existing consumer lending, credit risk and portfolio risk management offerings for financial institutions. Reports said Monday (Nov.

Origination 66

Origination Small Business NOV Credit Risk 66

FICO

MARCH 18, 2021

Concentrations of risk – It’s worth being extra vigilant as to where exposure to credit risks are highest – be it by geography, region, commercial sector or customer segment. An up-to-date assessment of the impact of expected loss of cash inflows and outflows during the coming months and years will need close attention.

Risk 52

Risk Federal Reserve Assessments Credit Risk 52

FICO

DECEMBER 15, 2021

This data can be used by all areas of the bank that interact with customers, from marketing and customer service to risk management and collections. Today, assessment of affordability within financial institutions is fragmented, and there are different systems and approaches for each product and each stage of the credit.

BNPL 52

BNPL Online and Mobile Banking Payment APIs and Integration Assessments 52

PYMNTS

SEPTEMBER 29, 2017

“Segregation of duties, multiple levels of approvals and daily reconciliation of all transactions are mandatory to efficiently and safely manage the treasury activities,” he said. Managing liquidity and credit risk are definitely of main concern to FIs.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

The Finance Weekly

NOVEMBER 20, 2023

Equipped with precise forecasts and AI-driven insights, leaders in financial planning and analysis (FP&A) can: Base decisions on data Establish achievable financial objectives Adapt resource distribution Assess investment possibilities 4.

AI 52

AI Finance SWIFT Risk 52

FICO

OCTOBER 29, 2018

Empowering consumers to have greater control over the information that is being used in credit risk management and enabling a deeper dialogue to help both parties make better financial decisions. Earlier this week from Money 20/20 , FICO, Experian, and Finicity announced a new credit score called UltraFICO™ Score.

Innovation 45

Innovation Financial Inclusion Credit Risk Risk Management 45

PYMNTS

APRIL 6, 2017

. “Mid-market lenders play an integral role in supporting small businesses’ growth and development,” said FICO Credit Lifecycle Business Line Vice President Tim Van Tassel in a statement. The tool also ensures streamlined deployment and integration within banks’ and credit unions’ existing systems.

Credit Union 40

Credit Union Small Business Risk Assessment Origination 40