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

Finovate

MARCH 14, 2025

SBCA uses anonymized, item-level transaction data to help lenders assess small business financial performance, enabling faster underwriting, reduced risk, and improved loan terms. “SBCA is a game-changer, offering unparalleled insights into small business performance.

Visa 52

Visa Finance Embedded Finance Financial Inclusion 52

Nanonets

APRIL 26, 2023

Automation can have a significant impact on this process—particularly the loan underwriting process. Loan underwriting is the step before a loan is approved or denied, where a lender verifies a potential borrower’s income, assets, debt and property details in order to issue final approval for the loan.

Underwriting 52

Underwriting Automation Fraud Detection AI 52

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

FICO

OCTOBER 27, 2016

It is also an important assessment tool for third parties such as potential business partners and, notably, cyber insurance providers. The number of underwriters active in the US market is growing rapidly as well, with a double-digit CAGR. The lingua franca of cyber breach underwriting .

Risk 97

Risk Underwriting Breach Risk Assessment 97

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. “One-click” loans become reality through instant credit assessments.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

The Payments Association

MARCH 18, 2025

Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. By combining payment flows with broader financial datasuch as rental history, savings patterns, and income variabilitylenders can offer dynamic, real-time credit assessments.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

MARCH 26, 2019

The plan, which illustrates the growing dangers of hacking, is meant to create an assessment system for the most viable cybersecurity defenses available to businesses. The participating insurers so far include Allianz , AXA SA, Axis Capital Holdings, Beazley, CFC Underwriting, Munich Re, Sompo International and Zurich Insurance Group.

Cybersecurity 54

Cybersecurity Assessments Underwriting Participant 54

Lending Front

JUNE 15, 2021

But the reality is that–at the time–credit scores were simply the best thing an insurer could access in order to assess risk. Technology has evolved to provide real-time financial data to institutions, facilitating more accurate assessments of both creditworthiness and risk. There is a correlation , i.e,

Underwriting 52

Underwriting Small Business Federal Reserve Assessments 52

Finezza

JANUARY 4, 2024

A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. The revenue growth and profitability of a lending business depend on several factors.

Transactions 94

Transactions Fraud Detection Risk Assessment Underwriting 94

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. percent employ it for credit underwriting. percent reported using AI for underwriting and risk assessment purposes. Among banks that use AI, 92.9 percent do so in payment services, and 71.4

Credit Risk 100

Credit Risk Risk Underwriting AI 100

Fintech Finance

NOVEMBER 3, 2024

Affirm underwrites every individual transaction before making a real-time credit decision and only approves consumers following an assessment that evidences their ability to repay. Affirm’s expansion to the UK adds to its presence in the US and Canada.

Consumer 98

Consumer Economy Regulatory Compliance Payment Networks 98

FICO

AUGUST 16, 2021

FICO Applauds FHFA Inclusion of Rental Data in Underwriting. Last week, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae will begin considering borrowers’ rental payment history in its risk assessment process. We share the assessment that the key to expanding access to credit is seeking alternative data.

Underwriting 52

Underwriting Risk Assessment Assessments Financial Inclusion 52

The Fintech Times

MARCH 12, 2025

Mastercard’s Small Business Credit Analytics provides lenders with data-driven insights, with the consent of the business, to help assess the financial performance and retail sales of small businesses.

Visa 75

Visa Financial Literacy Small Business Payments 75

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. “Assessing the creditworthiness of small businesses in a cost-effective manner is one of a lender’s most challenging tasks,” he said.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

Fintech News

JUNE 12, 2024

It integrates an advanced cyber risk exposure scanning solution into the underwriting process. This technology enhances risk assessment by generating a real-time security posture score within a minute, allowing eligible small and medium-sized enterprises to obtain instant policy issuance in under 10 minutes.

Risk Assessment 88

Risk Assessment Assessments Cybersecurity Underwriting 88

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

FICO

JULY 28, 2020

However, with a lack of reliable information available to feed into the underwriting process, how can insurance companies find an accurate way to assess the policy buyer’s risk profile? This is especially true for smaller firms where lower premiums will dictate a lower-touch, lower-cost assessment of risk during underwriting.

Underwriting 69

Underwriting Assessments Breach Data Breach 69

Finovate

DECEMBER 16, 2024

“Open Banking sits at the core of SME credit decisioning and brings confidence to underwriting risk assessments,” Capitalise Co-Founder Ollie Maitland said. Plaid reported that adoption of open banking by U.K.-based based SMEs has increased by 18% year-over-year.

Small Business 59

Small Business Non-Bank Risk Assessment Finance 59

PYMNTS

NOVEMBER 2, 2020

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. They can also assess ongoing credit quality.

Credit Risk 85

Credit Risk Risk Risk Management Assessments 85

FICO

MARCH 25, 2020

The introduction of the score has enabled Home Credit to underwrite and evaluate new clients with a thin file more objectively. This has been a big focus for the business in response to strong market demand for consumer loans in China. For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion. “By

Risk 97

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

PYMNTS

OCTOBER 21, 2019

Providing consumers with sufficient supports can address these potential obstacles and speed up loan underwriting timelines, benefiting both borrowers and lenders. Consumers must give approval to have these details sent, which helps lending FIs quickly assess potential borrowers and determine whether to offer loans.

Underwriting 41

Underwriting Consumer Due Diligence Assessments 41

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. “Lenders’ primary goal is to assess a consumer’s stability, ability and willingness to pay.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

The Fintech Times

MARCH 26, 2024

.” Flood risk Bob Schiller , director of product innovation at insurer SageSure addresses the significant gap in flood insurance coverage by highlighting the role of data in accurately assessing flood risk and facilitating insurers’ adaptation to evolving risks. times more properties that have substantial flood risk.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

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 134

Embedded Finance AI Finance Assessments 134

Finovate

MARCH 13, 2024

This will impact how banks and fintechs use AI for customer interactions, underwriting, and fraud detection. Therefore, banks using AI systems must assess and reduce risks, maintain use logs, be transparent and accurate, and ensure human oversight.

AI 111

AI Laws Fraud Detection Use Case 111

PYMNTS

NOVEMBER 18, 2019

Faster payment services could help such consumers get much-needed funds, as long as lenders can access equally fast underwriting tools. Underwriting tools boost the confidence of both borrowers and lenders, and help the latter more seamlessly access reliable bank data that supersedes credit scores. A Complete Banking Picture.

Underwriting 41

Underwriting Federal Reserve Payments Faster Payments 41

PYMNTS

NOVEMBER 3, 2020

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. They can also assess ongoing credit quality.

Credit Risk 88

Credit Risk B2B Risk ISO 20022 88

Fintech News

AUGUST 12, 2024

Technology firm Microsoft is working with Axis Bank and Aditya Birla Capital, among others, to deploy processes using genAI to transform contact centers, boost sales and overhaul claims and underwriting processes. The book size of digital lenders in India is projected to grow from US$38.2

Embedded Finance 111

Embedded Finance FinTech Non-Bank Cross-Border 111

PYMNTS

OCTOBER 7, 2016

He offered the example of banks using analysis of financial statements to assess risk in the loan origination process. “This disconnect of all the different teams involved in the underwriting process is not just with the physical handoffs, but it also includes the data and analytics separations as well,” he stated.

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

Fintech Finance

FEBRUARY 24, 2025

By leveraging data sources across 220 countries & territories, the collaboration will provide region-specific solutions and access to business-relevant data along with documents and risk assessment models to help FIs onboard clients, vendors and dealers digitally and securely.

AML 59

AML Underwriting Security Verification 59

CB Insights

MARCH 4, 2021

Allianz and Munich Re will integrate with Google Cloud in order to access customers’ data in order to better assess the cyber risks they face and provide more personalized protection. Other information like if the company uses 2-factor authentication will also be provided for underwriting purposes.

Cybersecurity 74

Cybersecurity Underwriting Identity Theft Wire Transfer 74

Fintech News

SEPTEMBER 4, 2024

Jenfi uses a proprietary risk assessment engine that evaluates both a business’s creditworthiness and its marketing growth efficiency. This integration provides Jenfi with real-time data on a company’s revenue growth and marketing return on investment, enabling continuous monitoring and fast underwriting decisions. With a US$6.6

FinTech 114

FinTech Cross-Border Payment APIs and Integration Credit Cards 114

Nanonets

DECEMBER 13, 2023

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns.

AI 102

AI Process Fraud Detection Compliance 102

Fintech Finance

JULY 15, 2024

By leveraging line-by-line transaction data, Recap’s credit risk engine can assess a merchant and return a funding offer in under two minutes without any further underwriting requirements such as a credit check on the owner or management accounts or business bank statements.

ATM 105

ATM Credit Risk On-Demand Underwriting 105

CB Insights

NOVEMBER 3, 2022

Underwriting and claims automation. Why it matters: Insurers can use geospatial analytics to quickly and accurately underwrite policies and virtually assess claims for property insurance without needing in-person inspections. What’s next: Underwriting and claims teams have prioritized geospatial analytics in recent years.

Underwriting 95

Underwriting Risk Management Risk Product 95

The Fintech Times

JULY 31, 2024

” With ZestyAI models, carriers are able to move from territory-based segmentation to a property-by-property risk assessment. They also benefit from enhanced underwriting and portfolio optimisation and can more accurately align policies with coverage needs. “Amica earned the top spot in the J.D.

Risk 59

Risk AI Risk Assessment Assessments 59