FICO

SEPTEMBER 28, 2017

Lenders are looking for new ways to connect with the estimated 3 billion people worldwide who fall outside the credit mainstream. These “credit invisibles” don’t have credit cards, bank accounts or credit history — so how can a lender assess their risk? those with a credit history.

Credit Risk 74

Credit Risk Assessments Online and Mobile Banking Risk 74

Fintech News

DECEMBER 20, 2023

But despite increased adoption of these novel payment methods, BNPL profitability remains a challenge, hampered by high fixed costs, increasing funding expenses and elevated delinquency rates, a new report by the Bank for International Settlements (BIS) says. million in 2023.

BNPL 107

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 107

Fintech News

JULY 24, 2024

In India, it is possible to start lending without obtaining a banking licence, all you need is to get a non-banking finance company licence. The number of NBFC lenders is much larger than that of banks, viz. about 10,000 vs. 100 traditional banks. Here are the risks I would advise to pay attention to: Risk No.

Non-Bank 111

Non-Bank Risk Regulations FinTech 111

PYMNTS

SEPTEMBER 15, 2016

In an effort to bridge what is increasingly being known as the “inclusion gap” for minorities, Visa is finding promise in supporting products for financial inclusion in the credit union and community bank portfolio. and the ways credit unions are tapping into that potential.

Financial Inclusion 76

Financial Inclusion Credit Union Underserved Non-Bank 76

CB Insights

APRIL 22, 2020

SMBs need financing, but many banks have been slow to process loan applications and even slower to disburse funds. Aid-related or not, alternative (non-bank) lenders have an opportunity to step in and demonstrate technological advantage over incumbent lenders through faster loan processing and payment.

FinTech 87

FinTech Processors Governance Government 87

PYMNTS

DECEMBER 13, 2016

The issues that have kept millennials out of the mortgage market tend to fall into three categories: lack of sufficient credit, lack of sufficient funds for a down payment or lack of a sufficiently long employment record to get lenders comfortable with them as a credit risk. Capturing That Millennial Customer.

Credit Risk 84

Credit Risk Non-Bank Risk On-Demand 84

Finovate

AUGUST 20, 2024

BankShift BankShift is a brand-on-banking ecosystem for digital banking platforms, crafted by humans with experience in digital-first and data-driven innovations from leading financial institutions and brands. Banks, credit unions, payment providers, and financial institutions focused on unsecured consumer lending.

Credit Union 59

Credit Union Payment APIs and Integration BSA SARS 59

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. Accenture’s “ Banking Top 10 Trends ” report for this year highlights this transformative journey. Generative AI supercharges banking.

AI 114

AI Risk Non-Bank On-Demand 114

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. Takeovers of banks are rare in China, and this is the first one in almost 20 years. The bank’s non-performing loan ratio, as of December 2016, was 1.68

Regulations 63

Regulations Small Business Non-Bank Credit Risk 63

FICO

JANUARY 6, 2021

Collections, risk and operations executives will need to have the data that helps them: Understand the differences between COVID-19 related debt and non-COVID related debt. Identify the customers that classic collections risk analytics apply to, and those for whom it is it redundant. Redundancy?

Posting 98

Posting Credit Risk Risk Returns 98

PYMNTS

FEBRUARY 15, 2018

Commercial credit risk solutions provider Credit2B is rolling out a portal for trade credit suppliers to share and access information about B2B payment experiences in real time. After collecting that information, Credit2B automatically generates a credit score to analyze the financial strength of a company.

Risk 43

Risk Credit Risk Non-Bank B2B 43

PYMNTS

OCTOBER 8, 2018

The International Chamber of Commerce ‘s (ICC’s) Banking Commission is collaborating with bank-owned database Global Credit Data (GCD) to broaden the scope of the ICC’s Trade Register, an announcement revealed Monday (Oct. trillion-worth of exposures.

Risk 59

Risk Non-Bank Database Credit Risk 59

PYMNTS

JUNE 6, 2019

The Financial Times reports that a $647 billion “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and commercial settings. The data as compiled by Barclays comes in the wake of the state takeover of Baoshang Bank. That is a 65 percent jump since 2014.

Non-Bank 43

Non-Bank Government Governance Credit Risk 43

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. 2017 Banking Regulatory Predictions—Brace for a Sea Change.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

FICO

OCTOBER 17, 2022

Open Banking in the Philippines and the Opportunities in the Data. How data sharing can improve credit risk decisioning. Open Banking in the Philippines - the path ahead. Open Banking in the Philippines promises to give customers the control to share their data and allow third-party providers to access their data.

Credit Risk 52

Credit Risk Payment APIs and Integration Consulting Non-Bank 52

Stax

APRIL 18, 2024

TL;DR Credit card processing is a complex process that involves several parties in addition to the merchant and consumer – and quite a few steps more than a simple swipe, tap, or dip. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

AUGUST 29, 2024

A PSP (Payment Service Provider) can equip your eCommerce and brick-and-mortar business with an all-in-one platform that supports multiple payment systems, including debit & credit cards, eWallets, and bank transfers (ACH). Read on to find out. You can easily sign up for the services of a PSP because of the low barrier to entry.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

PYMNTS

JANUARY 7, 2021

This success has laid the groundwork for traditional banks to now build upon this digital foundation with an array of technologies and tools, sometimes proprietary and sometimes offered by third parties, to optimize various workflows. You have to look at risk in its entirety," said Gugelmann. Optimization Through Technology.

Finance 70

Finance Risk Mitigation Mitigation Cross-Border 70

PYMNTS

JULY 18, 2017

Many of its customers have subprime credit, so making the right decision out of the gate is a critical part of protecting its revenue and reputation. “As As we work with business customers with non-prime credit, decisions around credit risk are key to the success of our business,” said Haijian Hu, head of Headway Capital.

Underwriting 58

Underwriting Payment APIs and Integration Verification Risk 58

FICO

JANUARY 7, 2019

Each transaction is tagged as either fraud or non-fraud. Unsupervised models are designed to spot anomalous behavior in cases where tagged transaction data is relatively thin or non-existent. As discussed earlier, in the case of authorized push payment fraud, the payee’s bank may not be held liable for losses from the fraud.

Posting 74

Posting AI Fraud Detection Security 74

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

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. This is because the risk of non-payment is lower. It can be classified as recourse factoring, non-recourse factoring , or maturity factoring.

Accounts 52

Accounts Credit Risk Non-Bank B2G 52

FICO

JULY 30, 2019

Credit risk? Also, is there a clear and agreed fraud risk appetite that has exec sponsorship and is agreed by all stakeholders? Machine learning increases the concentration of fraud relative to non-fraud applications at high score thresholds, whilst minimising false positives and therefore impact to customer experience.

Account Takeovers 52

Account Takeovers Fraud Prevention Credit Risk Non-Bank 52

PYMNTS

JUNE 17, 2020

In financial fraud, the breaches come when bank standards are lax. Australian bank Westpac Banking Corp. And that guiding principle is what leads fraudsters and bad actors to probe systemic vulnerabilities in banks’ compliance processes. may stand as Exhibit A here. There was no evidence of intentional wrongdoing.”.

AML 75

AML Money Laundering Compliance Financial Crimes 75

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

FICO

SEPTEMBER 29, 2020

The attendees had a combined experience of over 300 years across analytics, credit risk and operations across Europe, UK, the Middle East and Southern Africa. Further to “strategic defaulters”, make an attempt to start having sight of collaborators vs. non-collaborators. Platforms have become more advanced.

Non-Bank 87

Non-Bank Risk Participant Process 87

PYMNTS

MAY 1, 2019

trillion trade credit gap to the continued reliance on paper trade documents and invoices, often the first hurdle that must be tackled is how to find the right corporate customers. But according to Pelletier, trade credit insurance isn’t only about protecting against the risk of non-payment.

Cross-Border 55

Cross-Border Non-Bank Finance Risk 55

PYMNTS

DECEMBER 28, 2020

Third-party service providers that can sit between the buyer and supplier, for example, facilitate a payment delay for the buyer while taking on the trade credit risk for the supplier.

B2B 81

B2B BNPL Payments Third-Party Service Provider 81

PYMNTS

JANUARY 10, 2017

HDFC ERGO, India’s third-largest non-life insurance company and a joint venture between bank HDFC and insurance conglomerate ERGO, has introduced a new insurance product for B2B suppliers. Trade Credit Insurance will provide a safety net for supplier to do business with peace of mind,” the executive continued.

Risk Mitigation 40

Risk Mitigation Credit Risk B2B Non-Bank 40

FICO

APRIL 24, 2020

Last Tuesday, FICO’s Matt Stanley and Tom Dehler presented an overview of best practices for the use of analytics in banking to help organizations respond to the challenge of the Covid-19 crisis. Most would agree that increasing the use of advanced analytics for highly accurate risk decisions makes perfect sense.

Best Practices 52

Best Practices Consumer Credit Union Community Banks 52

PYMNTS

FEBRUARY 22, 2019

has reached pre-2008 levels, meaning banks are facing risk that is elevated above what has been seen since the financial crisis. The good news, according to Moody’s, is that at this point, their credit analysis of the banking segment indicates that those risks are “contained” over the next 12-18 months. .

Risk 46

Risk Mitigation Non-Bank Credit Risk 46

PYMNTS

DECEMBER 10, 2016

The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. banks at the time. The Trouble With “Not Being A Bank”.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

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. Reports Thursday (Feb. 8) said the U.K.

Risk Mitigation 40

Risk Mitigation Non-Bank Risk Underwriting 40

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

The Fintech Times

JULY 15, 2024

The Central Bank of the UAE ( CBUAE ) has recently released the Payment Token Services Regulation under Circular 2/2024 ( Payment Token Services Regulation ), establishing a comprehensive regulatory framework for payment tokens.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

FICO

JANUARY 11, 2017

As a data scientist from FICO’s Scores organization, I feel it’s important to remind our blog readers that collection information on a credit bureau report has consistently been found to be a strong indicator of increased credit risk.

Consumer 67

Consumer CFPB Research Non-Bank 67

PYMNTS

FEBRUARY 24, 2016

23) that commercial banks and savings enterprises that it insures reported net income in the aggregate of $40.8 billion decline in non-interest expenses, which were off due to a decline in litigation expenses. The total ratio of banks that were unprofitable dropped 80 basis points year over year to the most recent 9.1

FDIC 40

FDIC Community Banks Non-Bank Credit Risk 40