Fintech Labs Insights

SEPTEMBER 16, 2015

Product Launch: January 2015. Metrics: Ormsby Street is founded as a pin-off from BCSG, which owned a simple credit risk product originally dating back to 2008. Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions. HQ: London, UK.

Credit Risk 27

Credit Risk Risk B2C Origination 27

Synapse Payment Systems

NOVEMBER 9, 2022

Perhaps a customer did not receive the product they ordered or received a damaged or defective product. Or maybe they simply didn’t recognize the charge on their credit card statement and assumed it was a fraudulent charge. Yet many customers initiate chargebacks for other reasons.

Disputes 130

Disputes Card Issuer Payments Returns 130

The Fintech Times

JUNE 22, 2024

Not even a year after its launch, Apple has removed itself from the buy now pay later (BNPL) space, as it has announced that its Apple Pay Later product will no longer be supported. In March 2023, Apple announced a new product which would let US customers make payments in four chunks over a six-week period. ” Why get involved?

BNPL 72

BNPL Finance Alternative Payment Methods Payment Gateways 72

FICO

DECEMBER 8, 2022

This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. risk that only manifests during periods of economic stress) more precisely. Enhanced portfolio credit risk management loss forecasting accuracy.

Addressing 52

Addressing Risk Risk Management Credit Risk 52

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

MARCH 17, 2022

The transformational project has reduced the time taken to put policy into production by 90 percent and cut annual IT development expenditure by 20 percent, allowing Mibanco to better serve thousands of its customers. . It could take anywhere between 3 to 12 months whenever credit risk wanted to make a change,” said Valera.

Origination 52

Origination Financial Inclusion Adjustments Risk 52

FICO

MAY 27, 2021

FICO will also preview FICO® Resilience Index 2, the latest advance in FICO’s groundbreaking product, with more precise insight about a borrower’s resilience to future economic disruption and expanded use cases including bankcard account origination. Check out the latest FICO® Resilience Index product details, here.

Use Case 52

Use Case Origination Credit Risk Assessments 52

FICO

APRIL 12, 2023

And while some of our clients’ business lines benefit from the very latest innovations, others such as mortgage continue to find that older versions of the FICO® Score – even some that were first developed decades ago – meet their needs for credit risk assessment. That’s because FICO® Scores are built to last.

Credit Risk 52

Credit Risk Risk Assessment Assessments B2C 52

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. Grace Howie , Vice President of Trade & Working Capital Fintech & Product Strategy at J.P. Grace Howie, Vice President of Trade & Working Capital Fintech & Product Strategy at J.P.

AI 59

AI B2B Finance Underwriting 59

FICO

DECEMBER 4, 2020

Different than traditional credit bureau data, trended data provides a historical view of information such as monthly account balances for the previous 24+ months, giving lenders more insight into how individuals are managing their credit.

Credit Union 52

Credit Union Credit Risk Credit Cards 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. As time passes, consumers are seeing the number of embedded finance offerings increase across the wide range of products and services they use.

Embedded Finance 126

Embedded Finance Finance Non-Bank Embedded Payments 126

FICO

DECEMBER 8, 2022

FICO® Scores, often an important contributor to underwriting risk management strategies, are designed to provide valuable risk rank-ordering through all economic cycles. Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off.

Addressing 52

Addressing Risk Underwriting Risk Management 52

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Here are three key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage. Risk in Bankcard Originations on the Rise.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

FICO

OCTOBER 10, 2022

To avoid situations like this, it is critically important that credit scoring models are proven over time and based on sufficient data to reliably assess a consumer’s credit risk in a way that doesn’t generate a low score. Remember: credit scores are only one factor in determining credit readiness. See all Posts.

Consumer 52

Consumer Underwriting Credit Risk Assessments 52

FICO

MAY 6, 2019

FICO Scores Are Not Fixed Estimates of Credit Risk. The FICO ® Score is designed to rank-order the likelihood that a borrower will repay their loan(s), with higher scoring borrowers representing lower risk, and lower scoring borrowers representing higher risk. So are FICO ® Scores “artificially inflated”?

Underwriting 75

Underwriting OCC Credit Risk Risk 75

FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. What kind of credit risk does she pose? A true digital connect will also provide huge value in terms of financial advice, suggesting the right products and pricing.

Posting 52

Posting Origination Online and Mobile Banking Assessments 52

FICO

MARCH 21, 2023

Investors and other secondary market participants want a credit score that is predictive of credit risk and proven over time. Joanne is frequently quoted in the WSJ and other financial press on credit related topics and launched the FICO Score A Better Future program in 2018.

Participant 52

Participant Credit Risk Risk BNPL 52

FICO

JANUARY 9, 2023

They apply to both new and existing products and represent one of the single biggest compliance overhauls since the publication of the regulator’s Treating Customer Fairly Initiative in 2006. They will also need to test the performance of their products to mitigate harms.

Consumer 52

Consumer Technology Credit Risk Compliance 52

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Senthil Erulappan, director, product engineering at FIS .

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion Risk Management Consulting 52

Fintech News

JANUARY 16, 2024

Operational efficiency analysis suggests the potential to boost productivity by 22-30 percent, and studies show that revenue could increase by 6 percent. Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing.

AI 101

AI Risk Non-Bank On-Demand 101

FICO

MARCH 18, 2021

Federal Reserve recently slashed interest rates to 0%, but the lockdown effect still saw many at-risk businesses close. Concentrations of risk – It’s worth being extra vigilant as to where exposure to credit risks are highest – be it by geography, region, commercial sector or customer segment. by Michelle Beetar.

Risk 52

Risk Federal Reserve Assessments Credit Risk 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

OCTOBER 21, 2021

How can lenders best measure and manage credit risk, given the disruptive patterns in consumer behaviour over the last 18 months? Last week a FICO team met with chief risk officers from some of the biggest UK banks to discuss these and other challenges, at our UK CRO Summit. What is the value of a diverse team and new ideas?

Risk Management 52

Risk Management Risk Credit Risk Assessments 52

FICO

APRIL 24, 2023

“We combine risk management fundamentals with data science and customer segmentation to help us arrive at optimum risk outcomes,” said Lohia. FICO Platform allows us to simultaneously take care of credit risk and regulatory risk within a single solution.”

Near Real-Time 52

Near Real-Time Risk Management Credit Cards Risk 52

Fintech News

OCTOBER 28, 2024

With their product, Asset Vault, users will be able to list assets’ information and share it with their loved ones, at a time of their choice. Vitto (India) Vitto is a MSME focused fintech startup using behavioural data for credit risk profiling and automating credit decisioning with AI assistance. The heymax.ai

FinTech 103

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 103

The Fintech Times

FEBRUARY 19, 2024

As a result, Eddie Harrison , co-founder and chief product officer Paytrix , the paytech, notes the importance of making a user-friendly service. Back to basics Ali Al Bajati head of product Volopa Cross-border payments can sound complicated, and the ideas behind successful implementation can be daunting for scale-ups.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

FICO

MAY 17, 2019

But now, in 2019, it’s déjà vu as more and more my conversations with clients have centered around synthetic identities hitting up cards, auto, telco, and other vulnerable product lines. Address the continuum of credit risk and fraud. Fight identity fraud across the customer lifecycle.

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

FICO

SEPTEMBER 26, 2018

Several of my FICO colleagues have written about the benefits of applying data-driven techniques to strategy design within the credit risk space. This monthly calculation is based primarily on credit risk and affordability. What began as a reasonably-sized strategy had been modified and patched over several years.

Origination 45

Origination Credit Risk Risk Process 45

FICO

NOVEMBER 22, 2018

I will share recent analysis done in Russia, where more than half of the top Russian banks use FICO Scores delivered by NBKI, but most are only using the scores for Account Origination. The FICO® Score has been available in the Russian market through the National Bureau of Credit Histories (NBKI) since 2008. The FICO Score in Russia.

Accounts 45

Accounts Origination Risk Credit Risk 45

FICO

MAY 25, 2021

FICO® Resilience Index is designed to continue to rank-order borrower resilience during benign periods, resulting in greater portfolio resilience and differentiated credit risk performance observable during periods of economic stress. FICO® Resilience Index Solution. Methodology and Results.

Risk 52

Risk Addressing Underwriting Economy 52

FICO

JUNE 22, 2020

What kind of credit risk does she pose? FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. A lot of questions need to be answered in order to do this well. How profitable is the mom’s business? Service coverage?

Acquirers 52

Acquirers Credit Risk Origination Posting 52

FICO

AUGUST 10, 2022

This has meant multiple affordability models sitting across different product lines and use cases, and a lack of consistency in terms of the data used and calculations applied. The burden of highly complex legacy systems and multiple affordability models across different products lines can be overcome.

Assessments 52

Assessments BNPL On-Demand Origination 52

FICO

MAY 13, 2021

Here at FICO we’re continuing to see explainability as one of the core drivers of trustworthy AI, so much so that we package our xAI Python libraries as a standard option in our Analytics Workbench credit risk toolkit.

AI 52

AI Legal Framework Risk Compromise 52

FICO

NOVEMBER 30, 2017

How do we keep our fraud controls relevant, agile, and modern to accommodate new products, new channels, increased digitization and more faceless interactions? At point of origination, you stop the obvious frauds. In a similar vein, risk controls in customer management that manage credit line increases, payments clearances, etc.,

Risk 82

Risk Fraud Detection Assessments Origination 82

FICO

MARCH 24, 2021

In the example in my previous blog, I had drafted a banking ecosystem which can penetrate into customers’ lifecycle with different products and services. Let’s assume the lender in this example is aiming to grow its new-to-system customer portfolio via launching a new digital lending product: small-ticket unsecured instalment loans.

Credit Cards 59

Credit Cards Volume Process Fed 59

The Fintech Times

DECEMBER 27, 2023

In the same month, Pensions Minister Laura Trott initiated a ‘reset’ of the Pensions Dashboard Programme , after revealing that more time is needed beyond the original deadline of 31 August 2023. The reset saw a new chair of the programme board develop a new plan for its delivery. Tech Nation: Lows and Highs In 2022, 99.2

FinTech 69

FinTech Governance Government Regulations 69

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Payment APIs and Integration 53

Payment APIs and Integration Rules FinTech API 53