PYMNTS

OCTOBER 9, 2018

However, to get down to his concerns, the analyst said — per news reports such as CNBC — that the recently debuted “Square Installments” (which, as the name implies, offers payment plans) may expose the company in a way that makes it vulnerable to credit markets.

Credit Risk 64

Credit Risk Risk Credit Cards PayPal 64

PYMNTS

AUGUST 28, 2017

The machine learning study compared results from a Ford Credit scoring model with a machine learning model developed by ZestFinance using its underwriting platform to do deeper analysis of applicant data. Although these consumers may have steady jobs, their creditworthiness is heavily based on credit history.

Credit Risk 41

Credit Risk Assessments Risk Underwriting 41

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. The company issued a press release on Thursday (Jan.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

FICO

AUGUST 16, 2019

It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group. The Relationship Between Credit Risk and First-Party Fraud. Credit Risk and Fraud Across the Customer Lifecycle.

Credit Risk 40

Credit Risk Risk Identity Theft Account Takeovers 40

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 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

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 15, 2020

One of the biggest challenges in the B2B cannabis supply chain is the inability for wholesalers to offer payment terms and trade credit to their buyers. Because the industry is dominated by startups, a lack of historical business data makes underwriting a challenge.

Legal 111

Legal B2B Underwriting Payment Reconciliation 111

The Fintech Times

JULY 16, 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 95

ATM Transactions Credit Risk On-Demand 95

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

PYMNTS

OCTOBER 20, 2016

The credit management platform automates aspects of customer credit management, from credit approval, to online ordering, to invoicing and collections. “We We work with third-party banks to underwrite all orders placed on terms so sellers are paid out within 24 hours and take zero credit risk,” said Noble. “We

B2B 73

B2B Underwriting Credit Risk Payments 73

FICO

AUGUST 28, 2020

The FICO® Score has been a stable and highly effective tool for rank ordering credit risk through prior fluctuations in economic conditions, and we expect the FICO® Score to continue to provide strong risk rank ordering through the current COVID-19 pandemic.

Underwriting 94

Underwriting Risk Credit Risk Economy 94

Finextra

JULY 17, 2024

Stratyfy, a women-led fintech confronting bias in AI and optimizing credit risk decisions with transparent machine learning solutions, today announced its strategic partnership with Prism Data, a leading cash flow underwriting and data analytics platform.

Underwriting 52

Underwriting Credit Risk AI Risk 52

The Fintech Times

APRIL 15, 2024

. “AI’s contribution extends to intelligent underwriting, where it enables the creation of sophisticated risk profiles by analysing a wide range of data, including non-traditional indicators that might be overlooked in manual processes.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

The Fintech Times

SEPTEMBER 11, 2024

MoneyLion has teamed up with Nova Credit to integrate cash flow underwriting into its decisioning engine, enabling credit issuers on its platform to access more comprehensive data for evaluating consumers’ financial health.

Underwriting 59

Underwriting Risk Management Credit Risk Issuers 59

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

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

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

PYMNTS

JULY 18, 2017

Many of its customers have subprime credit, so making the right decision out of the gate is a critical part of protecting its revenue and reputation. “As As we work with business customers with non-prime credit, decisions around credit risk are key to the success of our business,” said Haijian Hu, head of Headway Capital.

Underwriting 58

Underwriting Payment APIs and Integration Verification Credit Risk 58

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. revolver vs. transactor).

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

MAY 29, 2018

In some instances, this helps them offer consumers new credit opportunities, and in other cases it might illuminate risk,” noted Paul DeSaulniers, Experian’s senior director of Risk Scoring and Trended/Alternative Data and Attributes. Consumers, notably, believe they will do better in an underwriting context. What’s Next.

Financial Inclusion 62

Financial Inclusion Underwriting Credit Cards Disputes 62

PYMNTS

JULY 16, 2019

“We developed a unique underwriting platform based on alternative data points to evaluate credit risk. Lendbuzz is addressing a large and underserved market, has innovative technological underwriting capabilities and unique customer acquisition strategy that supports their high growth.”.

Finance 49

Finance FinTech Underwriting Credit Risk 49

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

FICO

SEPTEMBER 28, 2018

I had the pleasure of speaking on a panel at ABS East yesterday, entitled “Traditional vs Non-Traditional Underwriting, Does Machine Learning Teach Us Anything New?”. The panel primarily focused on the opportunities and challenges associated with the use of Machine Learning (ML) in credit underwriting.

Underwriting 53

Underwriting Credit Risk AI Risk 53

FICO

MAY 7, 2018

Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry. A key driver of successful financial inclusion is the ability for lenders to effectively gauge the risk of an underserved consumer.

Financial Inclusion 77

Financial Inclusion Innovation Credit Risk Underserved 77

FICO

OCTOBER 10, 2022

A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. We all know that having a higher credit score helps a consumer gain access to credit and get better terms from a lender. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11.

Consumer 52

Consumer Underwriting Credit Risk Risk Assessment 52

Finovate

APRIL 10, 2024

To better help marginalized consumers access the credit they need, the company doesn’t require them to have a credit score to qualify for the card. Instead, Petal leverages users’ open banking data as underwriting data to offer them credit and help them establish a credit history. credit card market.

Credit Cards 52

Credit Cards Underserved Underwriting Acquirers 52

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

FICO

MAY 8, 2019

a leading payments technology company, has achieved significant results by creating a centralized underwriting management solution on the FICO® Decision Management Platform (DMP). Additionally, we have transitioned certain processes downstream with no negative outcome on KYC validation and no increased risk to the organization.”.

Underwriting 51

Underwriting Best Practices Risk Rules 51

FICO

MAY 25, 2021

If we think of a lending portfolio as a night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets documented criteria. FICO® Scores, often an important contributor to underwriting strategies, are designed to provide valuable risk rank-ordering through all economic cycles.

Risk 52

Risk Addressing Underwriting Economy 52

Segpay

DECEMBER 22, 2023

This seems fitting since the underwriting and compliance processes can be a bit of a challenge. This holiday season, I wanted to give the gift of knowledge by sharing the top common compliance questions and how the right answers could keep you off the underwriter naughty list. And in a lot of situations, that answer is “no.” “Can

Money Laundering 73

Money Laundering Processors Acquirers Compliance 73

PYMNTS

NOVEMBER 30, 2018

“As a merchant service provider you need to verify if the merchant is who they say they are, are they in your acceptable use category, can you support their merchant codes, will they deliver as advertised and do you understand your credit risk exposure. Same as always.”. Progressive Onboarding And The Bigger Data Picture.

Risk Management 65

Risk Management Risk Underwriting Payments 65

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

Fintech News

DECEMBER 20, 2023

The BNPL platform then assesses their creditworthiness through a soft credit check. Once the platform approves the credit line, it pays the merchant the full amount of the goods purchased, thus taking on the customer’s credit risk. million) in Q3 2023 compared with a loss of SEK 2.1

BNPL 107

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 107

FICO

FEBRUARY 28, 2017

This shift may signal an increase in credit risk for the industry because six-year loans have historically had higher delinquency rates. The lingering effects of the recession, average age of the loan and mix of credit scores may all be shifting in ways that may hide what is really happening to delinquency rates.

Underwriting 56

Underwriting Credit Risk Risk Accounts 56

CB Insights

AUGUST 25, 2022

As digital lending services continue to gain traction, lenders are prioritizing technology solutions for automated underwriting, fraud prevention, loan application, and credit risk analysis. download the STATE OF FINTECH Q2 2022 report. hbspt.forms.create({. onFormReady: function ($form) {. hbspt.forms.create({.

Origination 36

Origination Automation Underwriting Fraud Prevention 36