PYMNTS

JANUARY 13, 2020

Credit Risk. Core use cases that are getting a lot of traction, Dhala said, involve credit risk. Any marginal improvement in terms of modeling or accuracy can result in significant gains because there’s a reduction in credit losses. AI can also help to spot credit risk.

Credit Risk 83

Credit Risk AI Risk Issuers 83

FICO

SEPTEMBER 2, 2020

How will these trends affect managing credit risk? Delinquency rates on consumer loans and credit cards, which are currently being suppressed with government and bank support, are expected to increase rapidly. Unfortunately, many of them will not be able to return to their workplaces after pandemic.

Credit Risk 69

Credit Risk Risk Credit Cards Risk Management 69

Bank Automation

MARCH 18, 2024

In the dynamic world of financial services, the need for rapid and precise credit decisions has never been more crucial. This demand is driving a transformative shift towards leveraging Artificial Intelligence (AI) and automation to redefine credit and risk assessment strategies.

Credit Risk 83

Credit Risk Automation AI Risk 83

Finextra

NOVEMBER 7, 2024

Modern credit risk management now leans significantly on predictive modelling, moving far beyond tra.

Credit Risk 59

Credit Risk Risk Assessment Risk Assessments 59

Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. The tech can also draft model documentation and validation reports.

Risk Management 115

Risk Management AI Risk Use Case 115

Finextra

APRIL 11, 2024

Broadstone, a leading independent pensions, employee benefits, investments and insurance consultancy, announces the acquisition of Vestigo Partners Limited (Vestigo), an experienced and dynamic analytics and credit risk consultancy established in 2017.

Credit Risk 52

Credit Risk Risk Consulting 52

Finextra

APRIL 11, 2024

Atto, a leading provider of credit risk solutions using transactional data, is thrilled to announce a strategic partnership with FICO, a global analytics software leader, for the UK market.

Credit Risk 52

Credit Risk Risk Transactions 52

Finextra

AUGUST 29, 2024

British FinTech, Lemon, which specialises in SaaS finance for SMB’s has announced a strategic partnership with WiserFunding, a leader in alternative data for credit risk assessment.

Risk Assessment 52

Risk Assessment Credit Risk Assessments Risk 52

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. This type of financial inclusion is good for the consumer and good for our business. by FICO.

Risk 97

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

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Fintech News

APRIL 16, 2024

This collaboration aims to introduce AI-led credit risk management to KBZ Bank, enhancing its ability to assess creditworthiness across retail and SME products with greater accuracy and efficiency. These advancements are expected to lower credit risks and enhance operational efficiencies within the bank’s lending operations.

Credit Risk 117

Credit Risk Risk Management AI Assessments 117

FICO

APRIL 28, 2023

Credit Risk and FICO Score Trends? credit risk and FICO® Score trends. At the same time, increasing adoption of recent innovations in credit scoring solutions should benefit consumers, leading to greater consumer empowerment opportunities and credit access.

Credit Risk 52

Credit Risk Risk Risk Assessment Assessments 52

Payments Source

AUGUST 6, 2020

One of the few clear implications from the initial two months of the lockdown with the changes to consumer behavior and the uncertainty ahead is the imperative for organizations to regain clarity on credit risk by obtaining a more complete picture of consumer creditworthiness, says LexisNexis Risk Solutions' Ankush Tewari.

Credit Risk 115

Credit Risk Risk Payments Consumer 115

Finextra

NOVEMBER 22, 2024

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, has today launched its trademarked D&B Unified Risk View™ in the UK to help financial services organisations and trade credit providers to make smarter credit risk decisions when lending to the UK’s 5.5

Risk 52

Risk Credit Risk Small Business 52

PYMNTS

JANUARY 22, 2021

Given the roller coaster ride consumer finances have been on for the last 10 months, managing risk has become critical for financial institutions (FIs), both in terms of rising fraud counts and in terms of rising consumer delinquencies. But AI, he said, can provide a lot more than that in terms of protecting FIs from risk.

AI 106

AI Credit Risk Point-of-Sale (POS) Risk 106

PYMNTS

APRIL 16, 2019

But it occurred to them that their solution was useful outside of HR — and that many of the things that made someone a good hire of over time could also make them a good credit risk over time, if the artificial intelligence (AI) model they were using to screen with were modified to that task.

Risk 89

Risk AI Underwriting Assessments 89

PYMNTS

JULY 8, 2020

Mastercard is harnessing artificial intelligence (AI) in a bid to hit fraudsters hard by searching for emerging patterns of criminal activity before they become major problems, two top executives told Karen Webster during Mastercard’s Virtual Cyber & Risk Summit. “In AI Also Helps Manage Credit Risk.

Visa 109

Visa AI Credit Risk Risk 109

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. The news comes as during Hong Kong FinTech Week, FinTech firms have certain "key advantages" over traditional banks when it comes to building out a client base and cutting down on risk.

Zelle 122

Zelle ISO 20022 P2P Transactions 122

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. Natasa Kyprianidou, senior director at Alvarez & Marsal “Traditional credit decision timelines, extending over weeks or months, have been dramatically shortened to seconds thanks to AI-driven algorithms. .

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Fintech News

MAY 15, 2024

The company maintained a prudent approach to credit risk, with non-performing loans (over 90 days past due) at 2% of the loan portfolio. Featured image credit: Grab The post Grab’s Digibank Deposits Reach US$479M, Driven by Growth of Malaysia’s GXBank appeared first on Fintech Singapore.

Non-Bank 136

Non-Bank Credit Risk Compliance Risk 136

PYMNTS

NOVEMBER 11, 2020

The launch comes after a successful pilot program, Visa noted, with the focus of the chosen FinTechs ranging from small business credit risk and buy now, pay later to merchant search and transaction compliance.

FinTech 110

FinTech Credit Risk Small Business NOV 110

Payments Dive

DECEMBER 14, 2022

Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

Credit Risk 88

Credit Risk Risk Consumer Payments 88

FICO

FEBRUARY 18, 2021

Here are our five recommendations for credit risk managers. Consider all your customer risk segments. In addition, many of the customers previously rated as high-risk have already received two or more different benefits, such as payment holidays and interest rate discounts. High risk to be affected in the short term.

Risk 59

Risk Credit Risk Advisors Adjustments 59

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 1 (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.

Addressing 52

Addressing Risk Credit Risk Risk Management 52

FICO

SEPTEMBER 6, 2017

If AI is good enough to power self-driving cars, isn't it good enough to make credit risk decisions? In this podcast for Lend Academy, FICO Blog author Dr. Scott Zoldi talks about his role as FICO's Chief Analytics Officer, the company's AI innovations and how they are being applied in credit risk, fraud management and more.

AI 95

AI Credit Risk Risk Government 95

Payments Source

JANUARY 28, 2020

Alternative lending companies are one of the strongest examples of how leveraging rich financial transaction data can be used to go beyond traditional credit risk assessments, says Finsync's Eddie Davis.

Underwriting 84

Underwriting Risk Assessment Payments Data Digital Payments 84

PYMNTS

MARCH 6, 2020

Even more significantly, our research shows that FIs are using AI with greater focus than they have in the past, with two areas emerging as key applications: payments fraud and credit risk. Supervised systems like BRMS are simply not capable of responding to the dynamic, constantly shifting nature of these risks.

AI 81

AI Credit Risk Regulatory Compliance Risk Assessment 81

Fintech Finance

JULY 15, 2024

By leveraging line-by-line transaction data, Recap’s credit risk engine can assess a merchant and return a funding offer in under two minutes without any further underwriting requirements such as a credit check on the owner or management accounts or business bank statements.

ATM 105

ATM Credit Risk On-Demand Underwriting 105

Bank Automation

SEPTEMBER 23, 2024

Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting.

AI 81

AI Underwriting Credit Risk Automation 81

Fintech News

DECEMBER 12, 2023

This initiative is a step forward in expanding the firm’s analytical and risk assessment capabilities to cater to clients in both traditional finance and the evolving decentralised finance (DeFi) sectors. The assessment methodology employed by S&P Global Ratings is thorough and multifaceted.

Stablecoins 118

Stablecoins Assessments Risk Assessment Risk 118

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Building portfolio risk resilience into customer management. Lenders must adopt a similar mindset as they manage the financial health of their consumer lending portfolios to insulate their existing assets from potential portfolio risk volatility. Saxon Shirley.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

PYMNTS

DECEMBER 10, 2020

And in banking, financial institutions can incorporate artificial intelligence into their consumer credit strategies at a time when a retroactive approach to credit risk management has become less feasible amid COVID-19. All this, Today in Data. Data: $189B : Amount that U.S.

Credit Risk 102

Credit Risk Risk Management AI On-Demand 102

The Fintech Times

APRIL 16, 2024

With this move, KBZ Bank will help accelerate the adoption of AI-led credit risk management in Myanmar. This will result in lower credit risks, higher approval rates and greater operational efficiency for the bank’s lending business. The collaboration will enable real-time, paperless loan assessments.

Checks 69

Checks Credit Risk Risk Management Assessments 69

FICO

JUNE 26, 2020

Analysis of FICO® Resilience Index data by Tom Parrent, former chief risk officer for Genworth Financial, shows that from 2010 to 2015, nearly 600,000 additional mortgages could have been originated to consumers with FICO® Scores between 680 and 699, had the FICO® Resilience Index been available to lenders at the time.

Credit Risk 98

Credit Risk Risk Assessments Origination 98

FICO

FEBRUARY 10, 2022

Developed by FICO in partnership with LexisNexis Risk Solutions and Equifax, this innovative score utilizes alternative data—data not included in the traditional credit bureau file. The inclusion of this alternative data leads to a more reliable estimate of consumer credit risk and helps score more than 26.5

Consumer 98

Consumer Credit Risk Fraud Prevention Risk 98

Fintech Review

MARCH 20, 2024

As well as the increasing application of AI in financial services for risk management and personalized experiences. Financial services are increasingly using AI to manage risks, combat money laundering, and offer personalized customer experiences. And the expected growth and challenges of Open Banking. A lot is happening.

AI 104

AI API Risk Credit Risk 104

Fintech Finance

JULY 23, 2024

Billie makes this possible with real-time approval of buyers at checkout while providing default and fraud risk protection for merchants. Stripe’s B2B sellers can now offer their business customers flexible payment terms while reducing their credit risk and the administrative burden of collection and dunning processes to zero.

BNPL 98

BNPL B2B Credit Risk Risk 98