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

PYMNTS

NOVEMBER 3, 2020

Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data. Zelle exceeded the one-billion transaction threshold over the past year, with the pandemic leading to higher demand. Bloomberg to Incorporate Credit Risk Data.

Zelle 122

Zelle ISO 20022 P2P Transactions 122

Finovate

JANUARY 28, 2025

Abrigo , a compliance, credit risk, and lending solutions provider for financial institutions, has acquired Integrated Financial Solutions (IFS). The IFS/Abrigo combination will help meet this demand with solutions that bring digitalization and greater efficiency. Terms were not disclosed. is growing.

Acquirers 52

Acquirers Fraud Detection Origination Automation 52

The Payments Association

APRIL 8, 2025

As consumer expectations for frictionless payments grow, merchants face the dilemma of introducing security measures that can inadvertently disrupt the user journey, risking customer dissatisfaction or abandonment. MacKenzie highlighted this tension: Customers demand a zero-friction experience, especially in e-commerce and retail.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

The Payments Association

JANUARY 3, 2025

As consumer expectations for frictionless payments grow, merchants face the dilemma of introducing security measures that can inadvertently disrupt the user journey, risking customer dissatisfaction or abandonment. MacKenzie highlighted this tension: Customers demand a zero-friction experience, especially in e-commerce and retail.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech Finance

SEPTEMBER 18, 2024

Our new APIs provide clients real-time, on-demand information so they can efficiently and seamlessly manage inventory, supply chain, and payments,” said Daniel Pfeiffer, head of Wells Fargo Global Receivables, Trade, and Inventory Finance.

API 98

API Payment APIs and Integration On-Demand Wire 98

PYMNTS

DECEMBER 9, 2020

Square has brought DoorDash onto its on-demand delivery platform for Square online sellers, who can harness a countrywide network of Dashers as a fulfillment choice via a new partnership with DoorDash Drive. NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk. Square Teams With DoorDash For Delivery.

Cybersecurity 81

Cybersecurity Credit Risk AI B2B 81

FICO

MAY 24, 2017

In risk applications, and with Article 22 of GDPR, customers need to have clear-cut reasons for how they were adversely impacted by a decision. Since most credit decision models are scorecard-based, the answer to that particular question (“Why wasn’t I approved for this loan?”) First, let’s start with GDPR. The regulation says: “1.

Regulations 111

Regulations AI Automation Credit Risk 111

CB Insights

APRIL 22, 2020

The government has backstopped these loans so that lenders can take on minimal credit risk; however, alt lenders carry existing credit risk from non-government-backed SMB loans — and the longer the economy remains on pause, the higher the likelihood these alternative lenders will suffer increased losses resulting from existing borrower defaults.

FinTech 87

FinTech Processors Governance Government 87

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says.

Risk Management 112

Risk Management Risk AI Use Case 112

FICO

JANUARY 6, 2021

Information that tells us how reliant on credit the customer is, card utilization, renewal of UPLs. Without much of the above, these customers will end payment holiday periods as low-risk customers. Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Redundancy?

Posting 98

Posting Credit Risk Risk Returns 98

The Payments Association

NOVEMBER 18, 2024

Companies like Stripe and Adyen are captivating merchants with cutting-edge payment solutions beyond basic credit card processing. While banks still hold the majority of merchant relationships and dominate acquiring market share in most regions, they face an existential risk. .” This is where merchant deposits come into play.

FinTech 88

FinTech Online and Mobile Banking Acquirers Fraud Prevention 88

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. TransUnion’s projections are based on U.S.

Credit Risk 84

Credit Risk Non-Bank Risk On-Demand 84

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. High mortgage rates and inflation pose a risk of stressed customers defaulting on their mortgages, potentially causing government interventions.

AI 114

AI Risk Non-Bank On-Demand 114

The Fintech Times

JULY 22, 2024

Whether their customers are being banked by the institution, or if they’re being banked elsewhere, to learn things they can’t find on a consumer credit report. All these strategies jointly boost accessibility while embracing evolving customers’ demands in contemporary banking systems.” But it doesn’t stop there.

Adjustments 118

Adjustments Online and Mobile Banking Financial Inclusion FinTech 118

PYMNTS

OCTOBER 7, 2016

Plati Potom develops post-payment solutions for eCommerce and offline retailers, as well as data analysis and credit risk management tools. QIWI announced on Thursday (Oct. 6) it has acquired a 100 percent ownership stake in FinTech startup Plati Potom.

Cross-Border 55

Cross-Border Credit Risk Risk Management Acquirers 55

Fintech Finance

APRIL 16, 2024

Combining RiskQuest’s significant experience and insights on the Dutch financial environment with Worldline’s global status as an innovative partner for payment services, this partnership will leverage their joint capabilities and further enhance Worldline’s Credit Insight solution which was launched last year.

Checks 52

Checks Payment APIs and Integration Credit Risk Risk 52

FICO

JUNE 22, 2018

GDPR and Other Regulations Demand Explainable AI. This blog lists ways to explain AI when used in a risk or regulatory context based on FICO’s experience. How to Build Credit Risk Models Using AI and Machine Learning. But what happens when your model was built with AI? Ready to make AI explainable?

AI 74

AI Fraud Detection Credit Risk Regulations 74

FICO

FEBRUARY 16, 2021

It is built to reveal “latent” credit risk that manifests during periods of economic stress by providing additional rank-ordering of credit risk within narrow FICO® Score ranges. FICO® Resilience Index is a predictive analytic that differentiates expected credit risk performance through a period of economic stress.

Credit Risk 52

Credit Risk Risk Economy Use Case 52

PYMNTS

AUGUST 20, 2020

There is real demand for Behalf’s financing solutions in B2B commerce. Behalf said that B2B sellers can use its product to “receive payment upfront, without the need to assume credit risk. There, the release said, he “spearheaded unprecedented growth for the company, roughly double that of major competitors.”.

FinTech 64

FinTech B2B Finance Credit Risk 64

FICO

OCTOBER 17, 2022

How data sharing can improve credit risk decisioning. The launch of the Open Finance Framework by Bangko Sentral ng Pilipinas (BSP) in 2021 was a big step forward in driving financial inclusion for millions of Filipinos across the market who still do not have access to credit. FICO Admin. Wed, 10/03/2018 - 23:42.

Credit Risk 52

Credit Risk Payment APIs and Integration Consulting Non-Bank 52

FICO

MAY 22, 2019

Instead, innovative analytic firms such as FICO are investing in identifying new predictive and compliant data sources to build models that accurately assess if underserved borrowers are in a position to successfully take on a new credit obligation. FICO is a longtime leader in incorporating available data into our credit scoring models.

Demand Deposit Account (DDA) 68

Demand Deposit Account (DDA) Credit Risk On-Demand Deposit Account 68

The Fintech Times

APRIL 3, 2024

Adam Shapiro, co-founder and partner at Klaros Group “In order for embedded finance to scale fast in 2024, banks and service providers will need to develop additional operations, risk, and compliance-as-a-service capabilities.

Embedded Finance 126

Embedded Finance Finance Non-Bank Online and Mobile Banking 126

FICO

AUGUST 8, 2022

In the credit lending space, interpretable AI – and, by extension, interpretable ML – has become an increasingly well-used term. I’ve heard both frequently sprinkled throughout conversations on how to address transparency and fairness in credit risk. So what is continuous model monitoring, and its relationship to Humble AI?

AI 96

AI Audit Risk Credit Risk 96

Fintech News

JANUARY 18, 2024

These banks are flourishing amidst existing ecosystems, a customer base inclined towards digital adoption, and business models tailored to the unique demands of their markets. Using remote sensing technologies on farmland, the bank assesses credit risk based on crop growth and various factors.

APACS 118

APACS Finance Cross-Border Ubiquitous 118

FICO

JUNE 5, 2023

But as more providers take steps towards extending mobile phone leasing to underserved markets, new demographics and segments with thin credit files, while offering the lasts handsets and access to high-speed services, they face a multitude of challenges. Challenges hinge on the physical nature of the product that is being financed.

Finance 52

Finance Credit Risk Risk Origination 52

FICO

FEBRUARY 16, 2022

trillion SME funding gap in unmet trade finance, with demand for funding of small businesses rapidly becoming an acute challenge. It’s a mind-boggling number largely driven by demand for unfilled or rejected trade finance applications tabled by small businesses in emerging markets. The UN in particular was aware of the challenge.

Transactions 52

Transactions Small Business Origination Credit Risk 52

PYMNTS

APRIL 19, 2019

The data collected about those drivers during their working hours in their vehicles — Grab knows driver accident rates, for instance — helps the platform operator determine who might make a good credit risk, and how much working capital can be extended to them. As Mehrotra explained, the Grab story is just beginning.

On-Demand 78

On-Demand Consumer Economy Credit Risk 78

The Fintech Times

JUNE 22, 2024

“Besides managing the credit risk and liabilities involved, the cost of funds has significantly risen since the project was conceived, most notably from high interest rates, and therefore the cost of providing this service is likely to be challenging, impacting on profitability. ” Why get involved?

BNPL 72

BNPL Finance Alternative Payment Methods Payment Gateways 72

PYMNTS

NOVEMBER 18, 2020

The ability to move money quickly — and to have both the payer and payee know exactly when that transaction occurred — can be an important value-add for businesses that need to get vendors paid quickly to minimize the risk of any supply chain disruption. Today's Most Valuable Use Cases. This is a new payment system," he noted.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

JUNE 17, 2020

“Access to quality data is of paramount importance when underwriting risk,” Pizzituti said, although he warned that the types of risks that must be analyzed aren’t always straightforward. The first and most obvious risk is credit risk, or the risk that a business will fail to repay financing.

Finance 68

Finance Mitigation B2B Underwriting 68

The Fintech Times

OCTOBER 23, 2024

By streamlining the credit assessment process for Amazon merchants applying for HSBC’s trade finance using transaction data, including inventory, sales, and refund records, HSBC can manage credit risks by using real-time commercial data through Dowsure.

Finance 59

Finance Cross-Border Payment APIs and Integration Security 59

FICO

MAY 4, 2018

If you haven’t retained or purchased historical FICO or behavior scores, now is the time to invest in back-populating so you have a stable, consistent credit risk measurement that you can include in your models and apply to your portfolio going forward. 2) How do you get ready for CECL - Systems readiness . Stay tuned!

Finance 76

Finance Facilitators Credit Risk Adjustments 76

FICO

SEPTEMBER 27, 2021

A savvy investor will demand to know how big the addressable market for your product is. Alternative credit offerings such as these can reach upwards of 50% of your DDA account holders seeking to smooth out the lumps in their cashflow or provide peace of mind with a level of protection. Consider the following setting.

Credit Risk 52

Credit Risk BNPL Credit Cards Assessments 52

M2P Fintech

DECEMBER 14, 2024

lakh crore as of March 2024, underscored the increasing demand for credit among Indian consumers. Therefore, a well-integrated LOS fosters a more agile and responsive digital lending environment, essential for meeting the demands of today’s fast-paced financial landscape. year-over-year to 90.3

Origination 52

Origination Payment APIs and Integration Compliance Assessments 52

FICO

AUGUST 20, 2019

China's large unbanked market, numbering close to 500 million, represents a significant opportunity for banks, especially among youth, who have a growing demand for credit but lack on-bureau credit history that limits a bank’s ability to understand their credit risk.

Financial Inclusion 40

Financial Inclusion Credit Cards Credit Risk Underwriting 40

FICO

DECEMBER 13, 2017

In 2017, collections professionals were being pulled in multiple directions at once by regulations, digital transformation, customer demands and new ways of working. Customer demand for faster, immediate credit lines will put pressure on collections teams, who could fall behind with their technology stack visions. Regulations.

On-Demand 45

On-Demand Regulations Credit Risk Volume 45