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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Learn More What is Merchant Account Underwriting? What is the Purpose of Merchant Underwriting?

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Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack.

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Allianz Trade and BPL Look to Free up Time for Underwriters With Enhanced Standardisation

The Fintech Times

European insurer, Allianz Trade , is collaborating with BPL , a specialist credit and political risk insurance (CPRI) broker, to improve how underwriters and brokers share enquiry data using Application Programming Interface (API) integration via the independent digital trading platform Whitespace , a Verisk subsidiary.

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Automating Loan Underwriting for Lending Companies

Nanonets

PDF → Excel Convert PDF bank statements to Excel  Try for Free In today's fast-paced business world, faster loan approvals and lending processes are a key goal both for lenders and people applying for loans. Automation can have a significant impact on this process—particularly the loan underwriting process.

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Closing The B2B Trade Credit Gap With AI, Machine Learning

PYMNTS

Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. In contrast, the big banks have gone in the other direction.”. Narrowing The Gap .

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5 Key Trends Shaping Fintech in India, According to PwC

Fintech News

These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says. Generative AI driving banking and fintech trends in India Generative is one of India’s biggest fintech trends highlighted in the report.

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Jeel and audax to Roll Out BaaS, Open Banking Solutions in Saudi Arabia

Fintech News

Jeel, the digital innovation arm of Riyad Bank, and audax Financial Technology , backed by Standard Chartered, have announced a strategic partnership to modernise Saudi Arabia’s banking sector. It also offers adaptability for non-bank entities, extending the benefits of digital transformation beyond traditional banking.