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

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Waiting until account holders fall behind to take action not only meant that customers’ credit scores would take a hit before their banks were alerted to a problem, but also that banks would lose the revenue from the scheduled payment.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate Credit Risk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment.

Credit Risk 88

Credit Risk B2B Risk ISO 20022 88

The Paypers

AUGUST 30, 2024

Lemon has entered into a partnership with WiserFunding , a provider of alternative data for credit risk assessment, to expedite credit decisions for SMBs.

Risk Assessment 36

Risk Assessment Credit Risk Assessments Risk 36

FICO

NOVEMBER 1, 2017

With all the hype around artificial intelligence, many of our customers are asking for some proof that AI can get them better results in areas where other kinds of analytics are already in use, such as credit risk assessment. My colleague Scott Zoldi blogged recently about how we use AI to build credit risk models.

Credit Risk 71

Credit Risk Risk AI Assessments 71

PYMNTS

JUNE 23, 2017

LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix.

Risk Assessment 54

Risk Assessment Assessments B2B Risk 54

FICO

AUGUST 28, 2017

When it comes to using alternative data in credit risk assessments, the field has really opened up over the last few years. Here is useful information on how to assess alternative data and combine it with so-called traditional data to improve credit risk models. Multiple Types of Alternative Data.

Credit Risk 52

Credit Risk Risk AI Assessments 52

FICO

OCTOBER 31, 2017

With all the benefits of artificial intelligence, many of our customers are wanting to leverage machine learning to improve other types of analytic models already in use, such as credit risk assessment. My colleague Scott Zoldi blogged a few years ago about how we use AI to build credit risk models. default rate.

Credit Risk 52

Credit Risk Risk AI Regulations 52

FICO

JANUARY 21, 2020

The Empirica Score was developed by predictive analytics software company FICO with the aim of equipping organisations that offer credit to their customers with solid risk assessment when determining an applicant’s eligibility for a credit. Account Origination Analysis Shows Downward Shift in Risk.

Credit Risk 52

Credit Risk Risk Economy Origination 52

PYMNTS

DECEMBER 19, 2016

16) said Lendingkart will offer its credit risk assessment technology to banks and other alt-lenders starting in 2017. According to Lendingkart Cofounder Harshvardhan Lunia, the company will look to expand its reach in the SME lending market over the next six months by having other banks use its credit risk analytics software.

Credit Risk 40

Credit Risk Risk Risk Assessment Assessments 40

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

FICO

NOVEMBER 15, 2017

Everybody has a personality which can help us understand their risk profile, making the EFL assessment universal – we can score anyone. To date, EFL has shared very little about the actual traits that drive our credit models. An Alternative to Credit Data. EFL’s models generally rely on 10-12 specific traits.

Credit Risk 80

Credit Risk Risk Assessments Financial Inclusion 80

PYMNTS

AUGUST 28, 2017

Ford Credit and ZestFinance found that machine learning-based underwriting could reduce future credit losses significantly and potentially improve approval rates for qualified consumers, while maintaining its consistent underwriting standards. They are typically a good credit risk and are expected to command $1.4

Credit Risk 41

Credit Risk Assessments Risk Underwriting 41

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.”. by FICO.

Risk 97

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

Fintech News

JUNE 18, 2024

This platform allows for improved data accessibility, enabling participating financial institutions to make better credit risk assessments and facilitate financing for SME trade between Singapore and Cambodia.

FTC 100

FTC Cross-Border Participant Risk Assessment 100

Finovate

MARCH 19, 2024

Among the company’s other solutions are Credit Risk Assessment and Fraud Detection. The company demoed one of its solutions, UnBias , at FinovateFall 2022, and won a Best of Show award for its presentation. Stratyfy is one of 80 graduates of FIS’ Fintech Accelerator , having completed the 12-week program in 2020.

Fraud Detection 52

Fraud Detection Risk Assessment Credit Risk Assessments 52

FICO

JUNE 2, 2023

While FICO may be the foremost champion of using safe and reliable alternative data, we also recognize both the opportunities and limitations of incorporating alternative data into credit risk assessment. More than 200 million U.S.

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

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 110

Stablecoins Assessments Risk Assessment Risk 110

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Paypers

FEBRUARY 22, 2022

Instant SME lending platform, Kintai has partnered with Nordigen to obtain transaction data for credit risk assessments.

Transactions 31

Transactions Risk Assessment Credit Risk Assessments 31

The Paypers

JUNE 1, 2020

Invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding , to assist with the availability and pricing of commercial credit insurance.

Risk Assessment 36

Risk Assessment Credit Risk Assessments FinTech 36

PYMNTS

DECEMBER 14, 2020

“[Circumstances] have underscored the singular importance of artificial intelligence (AI) in managing credit risk as well as supporting other bank operations. AI can make it easier for financial institutions (FIs) to predict how likely their customers are to make timely payments and improve overall risk assessment capabilities.

AI 87

AI Risk Assessment Online and Mobile Banking Credit Risk 87

Nanonets

APRIL 5, 2023

Credit risk managers, credit policymakers, and legal resources may have the expertise, but reviewing documents and assessing creditworthiness can still be tedious and error-prone. Despite having a team of experts, making accurate lending decisions while minimizing risk remains a challenge.

Automation 52

Automation Process Risk Assessment Assessments 52

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 News

APRIL 16, 2024

This shift could give risk professionals more time to advise on new products, analyze risk trends, and improve risk processes before issues arise. How enterprises can leverage generative AI for risk management In regulatory compliance, the report says that enterprises are using gen AI as a virtual regulatory and policy expert.

Risk Management 105

Risk Management AI Risk Use Case 105

PYMNTS

JUNE 1, 2020

invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding , according to a report in Crowdfund Insider on Friday (May 29). The partnership is a result of the launch of the FinTech task force Innovate Finance , which took place in March, the report said.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

EBizCharge

JULY 22, 2024

Some of these strategies include setting clear and attainable goals, applying accurate forecasting for better budget management, and risk assessments and mitigation. Quick risk assessment and mitigation Managing finances inherently comes with risks, ranging from market volatility to credit risks.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52

The Paypers

AUGUST 5, 2020

UK-based fintech Wiserfunding has entered India market by launching an AI-backed credit risk assessment tool for SMEs.

Risk Assessment 28

Risk Assessment FinTech Credit Risk Assessments 28

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

The Paypers

JULY 22, 2019

(The Paypers) European ratings agency, modefinance and UK-based SME credit risk assessment platform, Wiserfunding , have launched a certified credit rating service for SMEs.

Risk Assessment 28

Risk Assessment Credit Risk Assessments Risk 28

PYMNTS

OCTOBER 18, 2020

The suite offers services for cash reconciliation, eInvoicing, collections and credit risk assessment. HighRadius also rolled out its HighRadius A/R suite to boost accounts receivable (AR) automation in May.

Finance 64

Finance Risk Assessment Reconciliation Credit Risk 64

FICO

FEBRUARY 16, 2022

billion more credit to existing SME customers, while helping further support originations by driving incremental lending of US$580 million to new customers. The lender increased the risk models' performance by combining transactional data and machine learning insights, which helped to drive a significant spike in new SME lending. .

Transactions 52

Transactions Small Business Origination Credit Risk 52

FICO

SEPTEMBER 15, 2022

We have been on a journey in Saudi since 2011, to grow lending and increase financial inclusion through the adoption of advanced risk assessment tools,” said Swaied Alzahrani, CEO of SIMAH. Prior to the implementation, lenders in the region had been relying heavily on salary data to assess a consumer’s propensity to repay a loan.

Financial Inclusion 52

Financial Inclusion Risk Assessment Assessments Risk 52

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 25, 2018

Credit risk. When businesses extend credit to another organization, a credit risk assessment is standard practice. An understanding of cybersecurity risk should form part of a credit risk assessment.

Cybersecurity 49

Cybersecurity Risk Assessment Data Breach Due Diligence 49

The Fintech Times

FEBRUARY 7, 2024

Kris Costello, global head of sales lending division at Aryza “A prevailing assumption is that BNPL is predominantly utilised by young individuals with limited incomes and transient lifestyles and is seen as a readily available source of low-cost credit for frequent, low-value purchases, positioning it as a potentially risky form of lending.

BNPL 116

BNPL Credit Risk Risk Assessments 116

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.

Finance 52

Finance Credit Risk Risk Origination 52