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 105

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 105

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.”.

Risk 97

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

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 Risk 52

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

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

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

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

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 Payment APIs and Integration 88

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 Assessments 43

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

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 Government Governance 87

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 112

AI Risk Non-Bank On-Demand 112

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 Non-Bank Small Business Credit Risk 63

FICO

DECEMBER 8, 2022

Leveraging FICO Resilience Index to refine credit risk management decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio risk management approach over time. Of course, credit risk management is only one aspect of portfolio health.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

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

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

Nanonets

APRIL 5, 2023

Traditional underwriting processes may not assess creditworthiness accurately for a borrower who derives income from non-traditional sources. Filtering customers based on income and savings, in addition to credit scores, can be a stronger predictor of mortgage risk. Verify KYC/AML based on geography.

Automation 52

Automation Process Risk Assessment Assessments 52

FICO

MAY 2, 2023

Other expenditure blind spots, such as Buy Now Pay Later, can be removed through the use of digital income and expenditure assessments or Open Banking data. The value of emerging, non-traditional data sources should not be overlooked.

Compliance 52

Compliance Consumer Credit Risk Facilitators 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

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

FICO

APRIL 21, 2023

Q: Dale, to start with, can you provide a little background on your business motivation as a credit risk executive for exploring the value of consumer-permissioned DDA data? A: Some of my banking partners might not agree, but I think, from a consumer perspective anyway, this type of rule is long overdue.

Consumer 52

Consumer Demand Deposit Account (DDA) Credit Risk Non-Bank 52

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

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

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

DECEMBER 9, 2020

Now let’s take a deeper dive into how banks and telecoms organizations can accurately identify such frauds without putting unnecessary barriers in the way of legitimate customers. Banks and telecoms need to make it easier for customers to sign up, buy merchandise online, take out loans, open bank accounts, and use credit cards.

Online and Mobile Banking 52

Online and Mobile Banking Credit Cards Best Practices Non-Bank 52

FICO

MAY 17, 2019

For those of you familiar with the credit bureaus, you know that derogatory information such as late payments, collections, or charge offs are legally required to be purged from your record after 7 years and cannot be used in credit risk decisioning. Address the continuum of credit risk and fraud.

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

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

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

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

JUNE 11, 2021

Leveraging FICO Resilience Index to refine credit risk decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio management approach over time. Of course, credit risk is only one aspect of portfolio health. FRED, 24 May 2021, [link]. .

Risk 52

Risk Addressing Consumer Financial Protection Bureau (CFPB) Credit Risk 52

FICO

JANUARY 19, 2023

The unprecedented level of financial support during the past two years has created an expectation among consumers and businesses that banks and other institutions will continue to provide help, support and forbearance, as and when they are adversely impacted financially. How credit and debit card spending and borrowing are changing over time.

Risk 52

Risk Non-Bank Credit Risk Continuity 52

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

FICO

JUNE 9, 2022

FICO’s new Anti-Money Laundering (AML) Threat Score and AML Soft-Clustering Misalignment Score, respectively, help large global banks and financial institutions to achieve a 50%+ reduction in alert false positives , and reveal outlier transactions that are highly likely to be money laundering, and otherwise not alerted. See all Posts.

Money Laundering 52

Money Laundering AML SARS AI 52

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

FICO

APRIL 28, 2020

Customer Onboarding & Management Banreservas , the largest bank in the Dominican Republic, has centralized and automated its credit origination processes, enabling it to assess 80 percent of its loans automatically, increase loans processed by 30 percent and offer up-sells to 47 percent of approved applicants.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

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

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