The Fintech Times

APRIL 3, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Whether it be retailers, ride-hailing apps, super-apps, or other non-bank service providers, embedded finance appears to be making its way into every sub-sector.

Embedded Finance 125

Embedded Finance Finance Non-Bank Embedded Payments 125

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 97

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

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 100

Non-Bank Risk Regulations FinTech 100

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

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. We hope that what readers learned helped instill confidence in keeping credit flowing during uncertain times.

Posting 59

Posting Agreements Credit Cards Consumer 59

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

JANUARY 9, 2019

Here were the top 5 posts in the Analytics & Optimization category last year. How are analytics helping banks accelerate their digital transformation, while keeping the customers at the center of their strategies? Read the full post. Read the full post. Advancing the Field of Prescriptive Analytics. Read the full pos.

Posting 40

Posting AI Fraud Detection Non-Bank 40

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

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 Governance Government 87

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

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 106

AI Risk Non-Bank On-Demand 106

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

EBizCharge

AUGUST 15, 2024

These fees are incurred by merchants for each transaction and are paid to the card-issuing banks as compensation for handling the credit risk and processing the payment. Pass-through fees are essential for merchants since they directly impact overall credit card processing costs.

Processors 52

Processors Credit Cards Best Practices Volume 52

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

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

FICO

DECEMBER 9, 2020

In my previous post I looked at what was driving synthetic identity fraud and discussed the difficulties in classifying both first-party fraud and synthetic identity fraud. 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

DECEMBER 13, 2016

Washington Post opinion writer Catherine Rampell caused a minor stir earlier this year when her article “Millennials aren’t buying homes. The millennials are coming — and the opportunities for banks and traditional lenders abound in that coming wave. They are also a very reachable group — particularly for banks bent on cross-selling.

Credit Risk 84

Credit Risk Non-Bank Risk On-Demand 84

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

MAY 19, 2021

From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. What Is First-Party Fraud? Tue, 07/02/2019 - 02:45.

Cross-Border 52

Cross-Border Crime Credential Money Laundering 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

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

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

FICO

FEBRUARY 6, 2017

Securitization plays a key role in driving increased liquidity in the mortgage market, ensuring that banks can fund more loans, at lower cost. FICO Scores, of course, play an important role in the risk management and transparency that powers the secondary market. This in turn gives consumers greater access to affordable mortgages.

Credit Risk 40

Credit Risk Risk Assessment Risk Payer 40

FICO

FEBRUARY 9, 2017

For all the differences between traditional banks and new online lenders, there is one business challenge that unites both groups: acquiring new customers. While online lenders experiment with offline marketing tactics, banks are aggressively ramping up their online marketing efforts, with total digital ad spend by U.S.

Online and Mobile Banking 40

Online and Mobile Banking Non-Bank Card Issuer Identity Theft 40

FICO

NOVEMBER 30, 2022

Profitability and Customer Financial Health in Retail Banking. In my recent Forbes article , I explored a vision for the future of retail banking where the customer’s complete financial wellness is at the center of decision making. For this, banks need a more robust model of financial wellness. FICO Admin. by Bill Waid.

Non-Bank 52

Non-Bank Credit Cards Process Returns 52

FICO

JULY 5, 2023

These are then used to defraud multiple banks with fraudulent accounts, credit cards, and loans. This means fraudsters have a near free-for-all before them with an insufficiently defended yet expanding IoT attack surface which can enable some of the most damaging crimes, like when SIM swaps are used to take over personal bank accounts.

Crime 52

Crime Online and Mobile Banking Gateways Rules 52

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. The post Medical Collections Rates Highest for Consumers Aged 24-46 appeared first on FICO.

Consumer 67

Consumer CFPB Research Non-Bank 67

FICO

SEPTEMBER 18, 2018

Instant access to online banking and therefore easy access to committing fraud due to the safe status of being an ‘existing’ customer. Instant access deposit account complete with overdraft facility and next day (post-book) application fraud checks. Andy: Credit risk is the bigger player in account originations.

Fraud Detection 51

Fraud Detection Best Practices Automation Checks 51

Fintech Labs Insights

JANUARY 12, 2017

James by CrowdProcess allows financial institutions to create highly predictive models for credit risk management through state of the art machine learning algorithms and techniques. James creates high-performing predictive models that are both easy to integrate and fully compliant with banking regulations. NPL avoidance.

Non-Bank 18

Non-Bank Credit Risk Risk Management Risk 18

FICO

SEPTEMBER 20, 2018

Instant access to online banking and therefore easy access to committing fraud due to the safe status of being an ‘existing’ customer. Instant access deposit account complete with overdraft facility and next day (post-book) application fraud checks. Andy: Credit risk is the bigger player in account originations.

Fraud Detection 45

Fraud Detection Best Practices Automation Checks 45

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

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The Rundown on the Run-up to the Decisions.

P2P 54

P2P Origination Underwriting Returns 54

Fintech Labs Insights

JULY 14, 2015

We also wanted to know what to expect from the Netherlands-based, cloud-banking software specialist in the second half of 2015. Michiel Schipper: During our first appearance, we showcased a solution where medium-sized enterprises could build their own financing solution from the bank’s assortment.

Risk Assessment 28

Risk Assessment Risk Origination Non-Bank 28