PYMNTS

JANUARY 13, 2020

Credit Risk. Core use cases that are getting a lot of traction, Dhala said, involve credit risk. Any marginal improvement in terms of modeling or accuracy can result in significant gains because there’s a reduction in credit losses. AI can also help to spot credit risk.

Credit Risk 83

Credit Risk AI Risk Issuers 83

FICO

SEPTEMBER 2, 2020

How will these trends affect managing credit risk? Delinquency rates on consumer loans and credit cards, which are currently being suppressed with government and bank support, are expected to increase rapidly. Unfortunately, many of them will not be able to return to their workplaces after pandemic.

Credit Risk 69

Credit Risk Risk Credit Cards Risk Management 69

Finextra

NOVEMBER 7, 2024

Modern credit risk management now leans significantly on predictive modelling, moving far beyond tra.

Credit Risk 59

Credit Risk Risk Assessment Risk Assessments 59

Finextra

APRIL 11, 2024

Broadstone, a leading independent pensions, employee benefits, investments and insurance consultancy, announces the acquisition of Vestigo Partners Limited (Vestigo), an experienced and dynamic analytics and credit risk consultancy established in 2017.

Credit Risk 52

Credit Risk Risk Consulting 52

Finextra

APRIL 11, 2024

Atto, a leading provider of credit risk solutions using transactional data, is thrilled to announce a strategic partnership with FICO, a global analytics software leader, for the UK market.

Credit Risk 52

Credit Risk Risk Transactions 52

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.

Risk Assessment 52

Risk Assessment Credit Risk Assessments Risk 52

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.

Credit Risk 83

Credit Risk Automation AI Risk 83

Fintech News

APRIL 16, 2024

This collaboration aims to introduce AI-led credit risk management to KBZ Bank, enhancing its ability to assess creditworthiness across retail and SME products with greater accuracy and efficiency. These advancements are expected to lower credit risks and enhance operational efficiencies within the bank’s lending operations.

Credit Risk 117

Credit Risk Risk Management AI Assessments 117

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

Payments Source

AUGUST 6, 2020

One of the few clear implications from the initial two months of the lockdown with the changes to consumer behavior and the uncertainty ahead is the imperative for organizations to regain clarity on credit risk by obtaining a more complete picture of consumer creditworthiness, says LexisNexis Risk Solutions' Ankush Tewari.

Credit Risk 115

Credit Risk Risk Payments Consumer 115

PYMNTS

JANUARY 22, 2021

Given the roller coaster ride consumer finances have been on for the last 10 months, managing risk has become critical for financial institutions (FIs), both in terms of rising fraud counts and in terms of rising consumer delinquencies. Driving Actionable Intelligence In Real Time. Focusing On The Consumer And Building The AI.

AI 106

AI Credit Risk Point-of-Sale (POS) Risk 106

Fintech News

MAY 15, 2024

The company maintained a prudent approach to credit risk, with non-performing loans (over 90 days past due) at 2% of the loan portfolio. Featured image credit: Grab The post Grab’s Digibank Deposits Reach US$479M, Driven by Growth of Malaysia’s GXBank appeared first on Fintech Singapore.

Non-Bank 136

Non-Bank Credit Risk Compliance Risk 136

PYMNTS

NOVEMBER 11, 2020

The launch comes after a successful pilot program, Visa noted, with the focus of the chosen FinTechs ranging from small business credit risk and buy now, pay later to merchant search and transaction compliance.

FinTech 110

FinTech Credit Risk Small Business NOV 110

Payments Dive

DECEMBER 14, 2022

Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

Credit Risk 88

Credit Risk Risk Consumer Payments 88

PYMNTS

JULY 8, 2020

AI Also Helps Manage Credit Risk. For instance, Mastercard has been using AI to help its banking partners with credit risk management, aiming to provide the right amount of credit to customers — and the smartest collections efforts — in today’s uncertain economic climate.

Visa 109

Visa AI Credit Risk Risk 109

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

FICO

SEPTEMBER 6, 2017

If AI is good enough to power self-driving cars, isn't it good enough to make credit risk decisions? In this podcast for Lend Academy, FICO Blog author Dr. Scott Zoldi talks about his role as FICO's Chief Analytics Officer, the company's AI innovations and how they are being applied in credit risk, fraud management and more.

AI 95

AI Credit Risk Risk Government 95

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

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

Bank Automation

SEPTEMBER 23, 2024

Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting.

AI 81

AI Underwriting Credit Risk Automation 81

PYMNTS

DECEMBER 10, 2020

And in banking, financial institutions can incorporate artificial intelligence into their consumer credit strategies at a time when a retroactive approach to credit risk management has become less feasible amid COVID-19. All this, Today in Data. Data: $189B : Amount that U.S.

Credit Risk 102

Credit Risk Risk Management AI On-Demand 102

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

PYMNTS

NOVEMBER 10, 2020

Even so, he acknowledges that banks have a reputation for being slow to change, as well as deep organizations that require many different stakeholders on board — including legal, compliance and business/credit risk. De Vere added that even small, independent lenders present their own challenges to essentially the same set of problems.

AI 138

AI Underwriting Credit Risk Credit Union 138

The Fintech Times

APRIL 16, 2024

With this move, KBZ Bank will help accelerate the adoption of AI-led credit risk management in Myanmar. This will result in lower credit risks, higher approval rates and greater operational efficiency for the bank’s lending business. The collaboration will enable real-time, paperless loan assessments.

Checks 69

Checks Credit Risk Risk Management Assessments 69

PYMNTS

NOVEMBER 3, 2020

The news comes as during Hong Kong FinTech Week, FinTech firms have certain "key advantages" over traditional banks when it comes to building out a client base and cutting down on risk. Bloomberg to Incorporate Credit Risk Data.

Zelle 122

Zelle ISO 20022 P2P Transactions 122

The Fintech Times

JULY 16, 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 95

ATM Transactions Credit Risk On-Demand 95

PYMNTS

DECEMBER 9, 2020

NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk. Banks have long turned to a familiar set of tools for managing credit risk — late fees and other penalties. In the 2021 AI Business Plan Playbook For Banks, PYMNTS provides a six-step framework to help banks use AI to manage credit risk.

Cybersecurity 81

Cybersecurity Credit Risk AI B2B 81

FICO

OCTOBER 24, 2022

Different than traditional credit bureau data, the use of trended data considers a historical view of data such as account balances for the previous 24+ months, giving lenders more insight into how individuals are managing their credit. . To learn more about FICO® Score 10 T please visit: www.fico.com/ficoscore10T. James Wehmann.

Credit Risk 93

Credit Risk Risk Consumer Continuity 93

FICO

FEBRUARY 10, 2022

Developed by FICO in partnership with LexisNexis Risk Solutions and Equifax, this innovative score utilizes alternative data—data not included in the traditional credit bureau file. The inclusion of this alternative data leads to a more reliable estimate of consumer credit risk and helps score more than 26.5

Consumer 98

Consumer Credit Risk Fraud Prevention Risk 98

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 115

Risk Management AI Risk Use Case 115

FICO

JULY 7, 2021

The FICO® Auto Score 10 provides strong performance for prime thin and new-to-credit files many of who maybe first-time auto borrowers. The FICO® Score is the independent standard measure of consumer credit risk used by 90% of the top U.S.

Card Issuer 98

Card Issuer Credit Cards Credit Risk Issuers 98

Fintech Finance

DECEMBER 10, 2024

Curve , the ultimate digital wallet, has announced the appointments of Robert Pasco as General Manager of Curve Credit and Ash Woolf as Senior Credit Risk Manager. Prior to Plend, Robert built extensive financial services and M&A transactions experience as an advisor at Deloitte and Ernst & Young.

Innovation 52

Innovation Consumer Credit Risk Risk Management 52

The Fintech Times

APRIL 15, 2024

. “AI’s contribution extends to intelligent underwriting, where it enables the creation of sophisticated risk profiles by analysing a wide range of data, including non-traditional indicators that might be overlooked in manual processes.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

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

Fintech Finance

JULY 23, 2024

Billie makes this possible with real-time approval of buyers at checkout while providing default and fraud risk protection for merchants. Stripe’s B2B sellers can now offer their business customers flexible payment terms while reducing their credit risk and the administrative burden of collection and dunning processes to zero.

BNPL 98

BNPL B2B Credit Risk Risk 98

FICO

MARCH 31, 2020

Louise: I started my career 25 years ago as a graduate credit risk analyst. A newly minted graduate ready to take on the world of credit risk! Today we bring you his conversation with Lousie Lunn, FICO's Head of Analytics for EMEA. Nikhil - What attracted you to a career in analytic software?

Credit Risk 72

Credit Risk Consulting Risk Volume 72

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. Read the whitepaper from Tom Parrent, Principal, Quantilytic. .

Credit Risk 98

Credit Risk Risk Assessments Origination 98