The Fintech Times

APRIL 15, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. .”

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

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 108

Non-Bank Risk Regulations FinTech 108

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

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. Factoring companies need to assess each invoice based on several details that determine the risk they impose. This is because the risk of non-payment is lower.

Accounts 52

Accounts Credit Risk Non-Bank B2G 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

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

FICO

JUNE 11, 2021

Lenders must adopt a similar mindset as they manage the health of their consumer lending portfolios to insulate their existing book of business from potential risk volatility. Of course, credit risk is only one aspect of portfolio health. Two-layered risk appetite approach to customer management without FICO® Resilience Index.

Risk 52

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

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 126

Embedded Finance Finance Non-Bank Embedded Payments 126

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

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

FICO

JANUARY 4, 2018

What were some of the most interesting risk analytics topics last year? Judging from the views on the FICO Blog, risk professionals are keenly interested in new ways to approach risk analytics. Here were the top 5 posts of 2017 in the Risk & Compliance category: US Average FICO Score Hits 700: A Milestone for Consumers.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. The fact that they not only use AI for initial underwriting, but also for the ongoing risk monitoring of the portfolio, is what really attracted us to Slope. 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

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

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

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

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

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

Nanonets

APRIL 5, 2023

In the world of lending, risk management is crucial to success. But with a growing number of loan applications and an increasing number of delinquencies, how can lenders effectively manage risk without sacrificing efficiency? The answer lies in automating steps in the lending process.

Automation 52

Automation Process Risk Assessment Assessments 52

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

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

PYMNTS

JANUARY 7, 2021

It's a complex ecosystem, however, in which financial institutions must coordinate with insurers, institutional investors, and each other to not only originate trade finance, but mitigate risk and distribute assets. You have to look at risk in its entirety," said Gugelmann. There are many new ways of risk mitigation.".

Finance 70

Finance Risk Mitigation Mitigation Cross-Border 70

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

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

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

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

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

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

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

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

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? Q: What insights have you gained (risk or otherwise) about consumers who are willing to permission access to their DDA data? Any surprises?

Consumer 52

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

PYMNTS

JULY 18, 2017

The Chicago-based provider uses predictive analytics and digital decisioning to understand customers and make optimal decisions, mitigating fraud and risk. 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

Underwriting 58

Underwriting Payment APIs and Integration Verification Credit Risk 58

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

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. Shifts in Lending Practices.

OCC 46

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

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

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

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