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). s SMEs if they combine the various innovations from the FinTech space, insurance and risk management sectors.”.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

FICO

DECEMBER 8, 2022

If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria. Traditional underwriting risk management strategy approach in stressed versus unstressed economy. Senior Director, Scores.

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. 2018 SCE Credit Access Survey. 2] [link].

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

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.

AI 59

AI B2B Finance Underwriting 59

PYMNTS

JUNE 17, 2020

Having announced a partnership with Dun & Bradstreet , Velotrade is expanding the pool of data from which it draws to underwrite financing. 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

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

APRIL 6, 2017

FICO is strengthening its position in the corporate underwriting space with a new solution for SME lenders. The company said Wednesday (April 5) that it is rolling out its Origination Manager Essentials solution for mid-market banks and credit unions.

Credit Union 40

Credit Union Small Business Risk Assessment Origination 40

PYMNTS

JANUARY 11, 2018

That category, according to Burnside, contains about 145 million consumers – who, he noted, have very particular points of need where underwriting and risk management capabilities are severely underdeveloped. Breaking New Ground. .

Consumer 43

Consumer Underwriting Risk Management Underserved 43

Fintech News

OCTOBER 28, 2024

Wimika RMS Technologies Ltd (Nigeria) The Wimika team is composed of seasoned professionals with diverse, yet complementary, expertise covering cybersecurity, software engineering, product management, insurance, fintech, digital fraud prevention, risk management, legal and leadership.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

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. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion Risk Management Consulting 52

FICO

JANUARY 10, 2017

Consumers that experienced a foreclosure in the last 24 months, had a 90-day delinquency or have collections only on file will not make it through the mortgage underwriting process given existing policies. In fact, more than 65% of this population have not seen an update to their credit file in over 48 months. Inactive/stale.

Research 81

Research Consumer Risk Assessment Risk 81

PYMNTS

SEPTEMBER 25, 2019

The Catch-22 is a familiar part of the early life of many consumers looking to get credit for the first time. They can’t secure underwriting because their financial file reveals no credit history, and they can’t establish any credit history because no one wants to underwrite them.

Underwriting 49

Underwriting Credit Cards Underserved Risk 49

PYMNTS

JULY 11, 2017

Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

PYMNTS

JUNE 7, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and product to keep from being dragged down by bad loan performance. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.

Small Business 49

Small Business Underwriting Risk Product 49

FICO

FEBRUARY 6, 2017

FICO Scores, of course, play an important role in the risk management and transparency that powers the secondary market. Now VantageScore is claiming that its score can be used instead in GSE underwriting (and by extension, securitization), as a one-to-one replacement for the FICO Score. Could a clean swap-out work?

Credit Risk 40

Credit Risk Risk Assessment Risk Payer 40

FICO

MARCH 6, 2020

FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. We serve corporates, insurance companies, and banks – be it a retail, private, wealth management, automotive or telecom bank, tier 1 or tier 3 bank.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

FICO

MARCH 15, 2018

You can read about the scorecard approximations of the stochastic gradient boosted trees methodology and results in my blog on building credit risk models using AI and ML. More recently we have been exploring adaptive and self-learning ML technologies. These improvements have continued to work well in conjunction with the FICO ® Score.

Origination 40

Origination Risk Underwriting AI 40

PYMNTS

JUNE 6, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and productto keep from being dragged down by bad loan performance. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.

Small Business 40

Small Business Underwriting Risk Product 40

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. FinBox plans to use the investment on product research and development.

B2B 51

B2B Payment APIs and Integration Participant Small Business 51

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements.

P2P 54

P2P Origination Underwriting Returns 54

Fintech Labs Insights

JANUARY 7, 2016

Credit risk management. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Consumer, credit, lending, loans, underwriting, investing, P2P. Here are the deals by size from 26 Dec to 31 Dec 2015: Weijinsuo. Person-to-person lender . Total raised: $46 million.

FinTech 14

FinTech Debit Card P2P Underwriting 14

Fintech Labs Insights

JULY 23, 2015

Fortress Risk Management. Enterprise risk management services for financial institutions. Credit-building service. Risk & compliance management for financial institutions. Argos Risk. Credit risk management tools for small businesses. Remittance provider. Self Lender.

FinTech 29

FinTech P2P Debit Card Risk Management 29

Fintech Labs Insights

JULY 17, 2015

Credit Benchmark. Independent source of consensus credit risk. Tags: P2P, lending, consumer, loans, underwriting, investing, marketplace lender. Source: Crunchbase. AcadiaSoft. Margin-call automation software. HQ:Pembroke, Massachusetts. Latest round: $30 million. Total raised: $34 million. HQ: London, UK. HQ: Singapore.

FinTech 29

FinTech Online and Mobile Banking Underwriting P2P 29