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

Finovate

DECEMBER 16, 2024

Capitalise, a business finance platform based in the U.K., has forged a strategic partnership with data and open finance network Plaid. based business finance platform Capitalise has announced a strategic collaboration with fellow Finovate alum Plaid. Capitalise made its Finovate debut at FinovateEurope 2016.

Small Business 59

Small Business Non-Bank Risk Assessment Finance 59

The Fintech Times

JULY 30, 2024

Network International , the enabler of digital commerce in the Middle East and Africa (MEA), is joining forces with Biz2X , the financing fintech in the US, India and Australia, to unlock new sources of capital for its SME merchants. Biz2X boasts over $10billion funded through its digital lending platform.

Underwriting 52

Underwriting Embedded Finance Risk Assessment Settlement 52

PYMNTS

NOVEMBER 15, 2018

Dun & Bradstreet recently released a survey that found only about one-quarter of finance executives believe blockchain will emerge as the dominant B2B payments technology by 2028; instead, professionals believe online payments and eChecks will lead the way. There are many potential use cases for blockchain in corporate finance.

B2B 74

B2B Blockchain Risk Assessment Payments 74

PYMNTS

OCTOBER 3, 2016

Fannie Mae, which is the government-run entity that finances mortgages across the United States, is now revamping its risk assessment technology in an effort to include more information on borrowers’ credit. The expanded information will tap into credit card payment history.

Risk Assessment 55

Risk Assessment Underwriting Credit Cards Assessments 55

Stax

JANUARY 8, 2024

This means that PayFacs need to conduct a thorough risk analysis of their sub-merchants before onboarding them so they are screened against terror financing or money laundering. Once the information is collected, PayFacs must render an underwriting decision to approve or decline sub-merchant applications.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Fintech Times

MARCH 12, 2024

“Launched in 2012, the UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI) acts as a framework for the industry to tackle ESG risks and opportunities. As evidence mounts showing that EVs can be safer than traditional vehicles, insurers must adjust their risk assessments and pricing models accordingly.”

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

PYMNTS

MARCH 13, 2018

one of Japan’s largest consumer financing companies, to provide loans and lending services to the unbanked. Dubbed Grab Financial Services Asia (GFSA), the joint venture will offer micro-financing products and services tailored for the fastest-growing economies in Southeast Asia.

Finance 40

Finance Consumer Financial Inclusion Assessments 40

PYMNTS

AUGUST 28, 2017

the financing arm of the vehicle manufacturer, announced Friday (Aug. 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. ƒFord Motor Credit Co. Millennials offer the perfect example.

Credit Risk 41

Credit Risk Assessments Risk Underwriting 41

Finovate

JUNE 21, 2024

We are excited to leverage this financing round to continue to expand and strengthen our offerings to empower more stakeholders across Mexico’s economy.” ” Belvo’s open finance and payments platform helps financial institutions and their customers benefit from user-permissioned, secure data sharing.

Financial Inclusion 64

Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 64

PYMNTS

APRIL 16, 2019

But, Girouard said, after proving its underwriting with personal loans, the firm is now reading to expand — and wants to hire the data scientists and engineers necessary to build out those other underwriting types. Today, Upstart is a profitable firm, which means it didn’t need to raise $50 million to fund operations.

Risk 89

Risk AI Underwriting Assessments 89

PYMNTS

JUNE 13, 2016

alternative lending industry continues to face a bumpy road — whether from struggling alt-finance players, corporate scandals or incoming regulation — reports are highlighting yet another hurdle headed its way. As the U.S. Reports by Reuters on Friday (June 10) said loan stacking is emerging as the latest threat to marketplace lenders.

Risk Mitigation 40

Risk Mitigation Risk Assessment Underwriting Risk 40

PYMNTS

FEBRUARY 20, 2020

Yet, without the resources to invest in finance teams, many firms simply maintain the status quo of unaudited spend, the end result being a lot of wasted spend. “Businesses are at the point where they’re maximizing their key product offering[s], trying to grow revenue and their finance teams are stretched.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

Nanonets

APRIL 5, 2023

Traditional underwriting processes may not assess creditworthiness accurately for a borrower who derives income from non-traditional sources. Filtering customers based on income and savings, in addition to credit scores, can be a stronger predictor of mortgage risk.

Automation 52

Automation Process Risk Assessment Assessments 52

PYMNTS

MAY 7, 2020

They have better tools for digital onboarding, managing personal or professional finances, accessing loans and credit lines, replacing physical commerce channels with digital ones — the list stretches quite far in a world switched to digital overnight.

FinTech 95

FinTech Multi-Currency Cross-Border Credential 95

PYMNTS

MAY 2, 2018

According to IBM research’s Isaac Markus, the solution aims to provide borrowers with a credit score using machine learning algorithms to underwrite loans. during the quarter, reports in Finance Magnates noted. PayPie’s offering includes a credit risk assessment with proprietary credit score, the firm added.

Blockchain 48

Blockchain Online and Mobile Banking Small Business Risk Assessment 48

FICO

SEPTEMBER 18, 2020

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

Risk 52

Risk Assessments Underwriting Cybersecurity 52

FICO

APRIL 28, 2023

Should job losses be mainly limited to white collar/ tech sector industries, the potential impact on aggregate consumer finances could be muted, due to the presence of savings and other safety nets available to workers in those sectors. consumer data not included in the traditional credit file) for credit risk assessment.

Credit Risk 52

Credit Risk Risk Risk Assessment Assessments 52

Nanonets

APRIL 24, 2023

Bank extraction software can be used to extract this information and use it for loan approvals and risk assessments. Automate your mortgage processing, underwriting, fraud detection, bank reconciliations or accounting processes with a ready-to-use custom workflow.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

Nanonets

SEPTEMBER 27, 2024

According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. Underwriting and claims processing are two key insurance processes that are still handled manually.

Process 52

Process Underwriting Automation Database 52

FICO

JANUARY 10, 2017

The minimum criteria needed to produce the FICO Score aren’t arbitrary — they are the result of decades of research into risk assessment. The “innovation” VantageScore claims can score more people is simply the weakening of credit score criteria. Delinquencies and collections. Inactive/stale. appeared first on FICO.

Research 81

Research Consumer Risk Assessment Risk 81

PYMNTS

JUNE 12, 2018

Now, the tech-driven underwriting models that promised to assess risk more accurately, and extend credit more efficiently, may be confirmation that traditional risk and lending business models may have more going for them than their new, FinTech challengers once thought. The Coming Risk Assessment Reset.

Underwriting 46

Underwriting Risk Assessment Assessments Risk 46

PYMNTS

APRIL 6, 2017

FICO is strengthening its position in the corporate underwriting space with a new solution for SME lenders. “With many new entrants providing loans to small businesses, it is crucial that lenders can improve speed and customer service while maintaining strong risk assessment across their portfolios.”

Credit Union 40

Credit Union Small Business Risk Assessment Origination 40

PYMNTS

OCTOBER 18, 2019

However, frustrations with the financing tool can weigh heavily, as truckers are forced to finance their unpaid invoices, thus settling to less than what they should be paid from their shipping and logistics clients. ” That’s especially true, he noted, as larger corporates have fewer barriers to access affordable financing.

Blockchain 41

Blockchain Duplicate Mitigation Risk 41

The Fintech Times

SEPTEMBER 24, 2024

Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta’s AI organisation to help increase purchasing power by reducing risk and improving consumer and commercial rewards, while also helping accelerate innovation. Bamert and Toole add expertise in finance and wealth management.

FinTech 59

FinTech Payment APIs and Integration AI Risk 59

Stax

NOVEMBER 27, 2023

Even if you’re not in the financial industry, you’ll need a payment processor or payment service provider (PSP) to start generating revenue, which means you’ll need to either have a proper risk management framework in place—or work with a PSP that has one. It typically involves collecting and verifying personal identification data.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation Financial documents of different types Every company, regardless of its primary business focus, deals with finance-related activities. Use cases of financial document automation Document automation in the realm of finance and accounting is used in many sectors.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

FICO

MARCH 6, 2020

Our Anti-Financial Crime solutions suite consistently follows the risk-based approach according to FATF and supports the compliance process with integrated modules. Our KYC solution supports real-time customer risk classification including UBO and PEP identification. What other areas in banking and finance do you see affected by AI?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

PYMNTS

JUNE 14, 2016

While some lenders actually embrace the practice, viewing it as a form of loan consolidation, others argue the practice can obscure the true risk of a borrower. According to LoanDepot Chief Risk Officer Brian Biglin, stacking is “causing problems with the whole industry.”.

Risk 40

Risk Risk Mitigation Risk Assessment Authorization 40

Nanonets

SEPTEMBER 23, 2024

Insurance  Insurance companies rely on bank statement analysis to assess the financial standing of clients. Underwriters use this data to evaluate risks, ensuring that premiums align with the applicant’s financial profile. This analysis ensures fiscal responsibility and transparency in public finance.

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Fintech Labs Insights

JULY 22, 2015

Why it’s a must-see: This session will put you on the right track and create a spark for you to build the next big finance thing if you want to: Learn how block chains can fundamentally impact finance and Wall Street. Learn to rebuild a bank in 2 days without keeping funds in custody.

Payment APIs and Integration 29

Payment APIs and Integration Online and Mobile Banking API Non-Bank 29

The Fintech Times

FEBRUARY 20, 2024

Jumio , a provider of automated, end-to-end identity verification, risk assessment and compliance solutions, names Igor Beckerman as chief financial officer. The company intends to use the funds to consolidate its position as a European embedded finance leader and to expand its footprint in the US.

FinTech 64

FinTech B2B Non-Bank Compliance 64

M2P Fintech

MARCH 28, 2024

Alternative Finance Alternative finance refers to a variety of funding and investment avenues beyond conventional banking, such as crowdfunding, peer-to-peer lending, and cryptocurrencies. It’s essentially a risk assessment to determine the likelihood of the borrower repaying the debt according to the agreed terms.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

The Fintech Times

NOVEMBER 21, 2024

There, stringent regulations like the EU’s Corporate Sustainability Reporting Directive (CSRD) and Sustainable Finance Disclosure Regulation (SFDR) create demand for automated solutions. Companies use data-driven innovations, combining AI, big data, and IoT, to automate ESG assessments and enable real-time environmental monitoring.

Innovation 64

Innovation FinTech Risk Assessment Assessments 64

PYMNTS

JULY 6, 2018

Many customers, he said, are clients of more than one FI as they use account, card and financing products from multiple providers. According to Leboeuf, Canada’s banks have an opportunity to embrace Open Banking, not as a regulatory requirement, but as a way to strengthen their market positions.

FinTech 52

FinTech Non-Bank Regulations Risk Assessment 52

PYMNTS

SEPTEMBER 18, 2018

Because as of today, the world of mortgage underwriting isn’t built for gig workers or the self-employed, thus making it challenging for those looking to dip in a toe. In the pre-2008 world, there was a genuinely failure in underwriting and risk assessment, as banks handed out mortgage loans to people who could not afford them.

Underwriting 66

Underwriting Economy Verification Risk Assessment 66