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

PYMNTS

MARCH 20, 2020

But Michael Ellis, head of commercial at Equiniti Group’s EQ Riskfactor , said the market is also quickly discovering that lenders themselves can benefit from unlocking data to improve SMB financing operations, and the U.K.’s A Win-Win for Banks and SMBs. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

PYMNTS

JULY 3, 2018

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. “We think this is going to be part of the lending criteria going forward,” he told PYMNTS in a recent interview.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

PYMNTS

AUGUST 1, 2017

based alternative finance company DueCourse has reportedly gone into administration. Recent reports said DueCourse , which operates as an invoice financing platform, began working with administrators Leonard Curtis this month. Less than a year after raising venture capital, U.K.-based

Risk Mitigation 40

Risk Mitigation Underwriting Finance Mitigation 40

PYMNTS

JANUARY 22, 2019

Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes. What’s Holding Adoption Back. What’s Holding Adoption Back. ” . ”

AI 77

AI Finance Risk Mitigation Accounts 77

PYMNTS

OCTOBER 7, 2016

Lending has become one of the largest benefactors of this trend, with alternative lenders once viewed as competitors to the banks now working with them to strengthen financing options for SME borrowers. But it’s not necessarily a new phenomenon. Baker Hill has spent decades providing loan origination services to its bank clients.

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

PYMNTS

JULY 31, 2019

That bank connectivity allows a company like MO to deploy a different tactic in loan underwriting and risk mitigation, Shidfar explained. When risk profiles are more intelligently developed on borrowers, lenders can reduce the risk of default and, as a result, lower the cost of that financing. “We

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65

PYMNTS

FEBRUARY 20, 2020

This week’s exploration of the latest in bank-FinTech collaborations and data integrations finds an opportunity for accounting portals to drive customer loyalty through data connectivity, while lenders embrace strengthened risk mitigation by looping directly into borrower data. Plus, a major U.S. As the U.S.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

PYMNTS

MARCH 14, 2017

Wanda, Ctrip, and LeEco are among the firms that have started pursuing the Chinese small-loan market over the past year, and JD.com said it was spinning off JD Finance. The CBRC is preparing new regulations to address rising risks in the industry.

Underwriting 46

Underwriting Risk Mitigation Financial Inclusion Governance 46

FICO

DECEMBER 18, 2018

Underwriters across the financial spectrum of banks, credit unions, and independents do a great job of mitigating risk when dealing with large, complex lending requests. This level of risk mitigation can be tackled by some models, a solid risk strategy, and the directed review of an underwriter.

Small Business 53

Small Business Underwriting Credit Union Origination 53

PYMNTS

FEBRUARY 9, 2018

Invoice financing company MarketInvoice is enhancing its product offering through a new collaboration with Euler Hermes. MarketInvoice said it is also integrating a risk mitigation solution that analyzes financial data to help businesses make better decisions about customers with which they choose to trade. 8) said the U.K.

Risk Mitigation 40

Risk Mitigation Non-Bank Risk Underwriting 40

PYMNTS

APRIL 8, 2016

But there are other types of pairings as the alternative SME finance industry continues to find its footing. “A It also signals a different kind of consolidation in the alternative finance sector, with different FinTech companies joining up to enhance the sophistication of technology behind lending and credit underwriting.

Underwriting 40

Underwriting Small Business Mitigation Risk Mitigation 40

Nanonets

AUGUST 16, 2024

Risk mitigation and fraud prevention Fraud detection technologies have been instrumental in reducing the $40 billion annual cost of fraudulent claims in the U.S. alone​   Advanced automation tools incorporate features for fraud detection by ML algorithms that detect and flag suspicious patterns in claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PYMNTS

MAY 10, 2018

Businesses are largely behind the push, with government initiatives promoting a digital economy and FinTech innovators targeting corporate payments and finance in addition to their consumer-focused endeavors. India’s banking sector, like others around the globe, is in the midst of a digital overhaul.

SWIFT 40

SWIFT Risk Mitigation Mitigation On-Demand 40

PYMNTS

JULY 5, 2018

Trade Ledger operates an open banking platform for banks to assess lending risk to their corporate customers in real time. The solution aims to facilitate trade finance in particular, the company noted. In January, Trade Ledger said it would be collaborating in Australia with Switzerland-based alternative lending platform Tradeplus24.

Assessments 40

Assessments Mitigation Small Business Risk 40

PYMNTS

NOVEMBER 22, 2019

million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International. The takeover will connect NBWM’s existing clients to iBanFirst’s services that facilitate cross-border payments and receivables, foreign exchange hedging and risk mitigation tools, and other resources to support global growth.

B2B 43

B2B FinTech Cross-Border Payments Payroll 43

PYMNTS

OCTOBER 16, 2018

The other side applies to the lenders that finance construction projects, provide mortgages and often prop-up contractors’ cash flow while they wait to get paid. Those include project duration and the risk of a project not being completed, managing permits, visibility into inspections and beyond.

Mitigation 64

Mitigation Payments Risk B2B 64

PYMNTS

NOVEMBER 17, 2020

This week's look at the most recent initiatives in partnerships and open banking reveals a focus on SMB lending and finance, while Banking-as-a-Service (BaaS) also gains traction to allow non-banks to offer their own banking services to corporate customers. Allied Irish Bank Embraces LendScape Receivables Finance.

Finance 99

Finance FinTech Risk Mitigation Non-Bank 99

PYMNTS

SEPTEMBER 12, 2018

There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Risk Mitigation Small Business Mitigation 40

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

PYMNTS

FEBRUARY 11, 2020

And the banks that finance these transactions must trust that what business partners say will happen, has actually happened. Lee Tarone, CEO and founder of trade finance and payments platform Envoy , says a lack of trust continues to hamper the industry’s ability to address the ongoing $1.5

Finance 53

Finance Technology Cross-Border Distributed Ledger Technology (DLT) 53

PYMNTS

JULY 11, 2017

The International Chamber of Commerce Banking Commission recently released a report that found an imbalance between supply and demand of trade finance services. 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.

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

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

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Agreements Use Case 40

PYMNTS

MARCH 10, 2016

Early Warning , a real-time payments, authentication and risk mitigation solutions provider, announced Wednesday (March 9) that Bank of America is now live in processing real-time P2P transactions through Early Warning’s clearXchange network. Early Warning Boosts Big Banks’ P2P Power. Apple Pay Drives Up Gas Station Acceptance.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

CB Insights

JULY 23, 2020

It’s assumed that lasting contact and interaction was the main reason for the spread, underscoring the importance of social distancing between employees as a primary risk mitigation strategy in reopened offices. Other platforms for helping employees better manage their finances include Even , Steady , and UK-based Wagestream.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101