PYMNTS

JUNE 17, 2020

Today, B2B payment terms are in dramatic flux, while supply chain disruptions have led to bottlenecks that leave some vendors in short supply of cash. Broadening Risk Mitigation. Having announced a partnership with Dun & Bradstreet , Velotrade is expanding the pool of data from which it draws to underwrite financing.

Finance 68

Finance Mitigation B2B Underwriting 68

PYMNTS

DECEMBER 17, 2019

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., The other strategy is to migrate to another payment rail, likely Automated Clearing House (ACH), which is quickly climbing the B2B payment ranks.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

PYMNTS

OCTOBER 7, 2016

“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. “Having access to those kind of analytics makes for a powerful differentiator as well.”

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

PYMNTS

NOVEMBER 22, 2019

However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc leading the investment.

B2B 43

B2B FinTech Cross-Border Payments Payroll 43

PYMNTS

SEPTEMBER 7, 2018

Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups. million.

Finance 46

Finance Underwriting Risk Mitigation B2B 46

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. “We think this is going to be part of the lending criteria going forward,” he told PYMNTS in a recent interview.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. Rapid Expansion. Technology, Partnerships Address the Gaps.

Small Business 63

Small Business Underwriting Risk Cybersecurity 63

PYMNTS

JULY 31, 2019

That bank connectivity allows a company like MO to deploy a different tactic in loan underwriting and risk mitigation, Shidfar explained. Access to bank account data means the ability to use artificial intelligence and learning technology to analyze a business’ spend, revenue and savings.

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65

PYMNTS

FEBRUARY 20, 2020

This week’s exploration of the latest in bank-FinTech collaborations and data integrations finds an opportunity for accounting portals to drive customer loyalty through data connectivity, while lenders embrace strengthened risk mitigation by looping directly into borrower data. Plus, a major U.S. As the U.S.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

PYMNTS

JANUARY 30, 2019

The PayNet tool uses the firm’s proprietary database to predict borrower risk, and will deploy Numerated’s custom rules-based and borrower segment-based credit decision-making capabilities to match lenders’ risk mitigation needs.

Risk 57

Risk Risk Mitigation Small Business Underwriting 57

PYMNTS

JANUARY 22, 2019

Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes.

AI 77

AI Finance Risk Mitigation Accounts 77

PYMNTS

OCTOBER 16, 2018

There is widespread opportunity for FinTech to enhance visibility into the B2B payments process in the construction space, promote faster electronic payments and boost cash flow visibility. Many of these factors are key to not only underwriting a loan, but enabling a borrower to draw down on that financing.

Mitigation 64

Mitigation Payments Risk B2B 64

PYMNTS

MARCH 25, 2020

Designed for firms with between two and 200 employees, the card program underwrites SMBs through Archa’s proprietary machine learning-powered risk analysis technology. Archa Collabs With i2c in Australia.

Commercial Card 46

Commercial Card Innovation Cross-Border Cross-Border Payments 46

PYMNTS

JULY 23, 2019

According to the publication, citing reports from Beijing media group Caixin Media, banks will be required to obtain primary, original documentation from the corporate borrower and its trading partner to stronger finance underwriting. JD.com, Suning.com Spark Concerns. Technology, he said, is key to that endeavor. “As

Finance 51

Finance Disputes Verification Underwriting 51

PYMNTS

AUGUST 1, 2017

DueCourse also developed its own risk mitigation technology to use data found within SMEs’ cloud-based accounting platforms to underwrite loans. The debt financing, reports said at the time, reflected the company’s business model as a direct lender of invoice financing, instead of a third-party intermediary.

Risk Mitigation 40

Risk Mitigation Underwriting Finance Mitigation 40

PYMNTS

JUNE 13, 2016

While some lenders actually embrace the practice, viewing it as a form of loan consolidation, others argue the practice can obscure the true risk of a borrower.

Risk Mitigation 40

Risk Mitigation Risk Assessment Underwriting Risk 40

PYMNTS

FEBRUARY 9, 2018

lender is now offering its small business (SMB) borrowers credit insurance policies provided by Euler Hermes to protect themselves against the risk of non-payment of an invoice should their customer become insolvent or fail to pay. That deal, announced last December, sees MarketInvoice underwriting SMB loans provided by Investec.

Risk Mitigation 40

Risk Mitigation Non-Bank Risk Underwriting 40

PYMNTS

MAY 10, 2018

In a statement at the time, the FI’s CEO, Rana Kapoor, said the B2B payment landscape was in the midst of a “tectonic shift with the influx of new financial technologies revolutionizing the way banking services are offered to corporate and retail customers.”

SWIFT 40

SWIFT Risk Mitigation Mitigation On-Demand 40

PYMNTS

APRIL 8, 2016

It also signals a different kind of consolidation in the alternative finance sector, with different FinTech companies joining up to enhance the sophistication of technology behind lending and credit underwriting. ” The SME Underwriting Legacy . ” “This frustrates the borrower, and this frustrates the lender,” he added.

Underwriting 40

Underwriting Small Business Mitigation Risk Mitigation 40

PYMNTS

JULY 11, 2017

Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

PYMNTS

SEPTEMBER 12, 2018

As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices. Working with a bank like BTG is another spoke in the wheel of small business financing, but one that similarly addresses risk mitigation in the market.

Finance 40

Finance Risk Mitigation Small Business Mitigation 40

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

PYMNTS

JUNE 23, 2016

The first, and perhaps obvious, one is for insurance underwriters. “They don’t have the tools for risk-based pricing,” he said of cyberbreach insurance providers. ” “There’s a need for quantitative tools, kind of like what banks use to assess consumers in underwriting a loan.

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

PYMNTS

JULY 5, 2018

Trade Ledger links its infrastructure into Tradeplus24 to support underwriting of small business receivables finance, the companies explained at the time, with Trade Ledger assessing supply chain and invoice data to mitigate risk. ”

Assessments 40

Assessments Mitigation Small Business Risk 40

PYMNTS

FEBRUARY 11, 2020

And as financial regulations expand to combat financial crime, many financiers have found trade finance is simply too expensive to underwrite as a result, leading to either higher costs for global traders or banks pulling back from trade finance altogether.

Finance 53

Finance Technology Cross-Border Distributed Ledger Technology (DLT) 53

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Agreements Use Case 40