This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Risk Risk Management Underwriting 
Stax
AUGUST 22, 2024
In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.
Stax
JANUARY 8, 2024
However, several complex types of risks come along with this. As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. Let’s get started.
Fintech Finance
SEPTEMBER 6, 2024
BlueSnap , a global payment orchestration platform for leading B2B and B2C businesses, has appointed Bill Christensen as SVP, of Acquiring & Risk. He brings 20 years of experience in financial risk, electronic payments and credit cards to the role. Bill earned his Bachelor’s degree in Business from Hofstra University in New York.
105 
The Paypers
OCTOBER 2, 2024
US-based TreviPay has entered into a strategic collaboration with Allianz Trade to augment B2B risk management and underwriting solutions.
Finovate
FEBRUARY 6, 2024
Embedded finance platform Liberis announced a partnership with identity risk management innovator Alloy. Embedded finance platform Liberis has teamed up with identity risk management innovator Alloy. Embedded finance platform Liberis has teamed up with identity risk management innovator Alloy.
Finextra
MARCH 19, 2024
Worth AI, a fintech SaaS startup, officially launched today and announced its artificial intelligence-powered risk management and underwriting technology.
52 
CB Insights
MAY 17, 2023
Loan underwriting is a slow and complex process, due to insufficient data for credit scoring, stringent risk management requirements, and highly manual processes. This has cleared the way for new tech solutions that can effectively reduce costs and risk, while also improving speed. Fraud is also a concern.
70 
Nanonets
APRIL 26, 2023
Automation can have a significant impact on this process—particularly the loan underwriting process. Loan underwriting is the step before a loan is approved or denied, where a lender verifies a potential borrower’s income, assets, debt and property details in order to issue final approval for the loan.
52 
The Fintech Times
MAY 5, 2024
Resilience , the US-based cyber risk solution company, has introduced two new cyber risk tools to its cyber insurance package, in a move to help its clients reduce losses from cyberattacks. Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk.
PYMNTS
NOVEMBER 2, 2020
Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. Clients will also be able to use the data for an enterprise use case, the release stated.
85 
FICO
DECEMBER 8, 2022
Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Building portfolio risk resilience into customer acquisition. 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.
52 
The Fintech Times
MARCH 12, 2024
Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks. So, it supports both the renewable power generation sector and those with a renewable power transition programme.”
72 
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. The integration of cash flow data could help expand credit access while maintaining risk management practices.
59 
The Fintech Times
MARCH 13, 2024
Lloyd’s , the insurance and reinsurance marketplace, has published a new report, revealing how the rapid evolution of generative artificial intelligence (AI) technology could impact the cyber risk landscape, requiring businesses to build greater resilience to these evolving threats. ” However, businesses cannot do this without support.
Finovate
MAY 6, 2024
Via the partnership, Alloy customers will be able to access Coris’ solutions to automate SMB onboarding, underwriting, and fraud prevention. “We’re excited to partner with Coris on improving the SMB risk management process for builders of financial products,” Alloy GM of Partner Solutions Brian Bender said.
52 
Fintech Review
JUNE 12, 2024
We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.
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.
52 
Finovate
APRIL 8, 2024
Data management Gen II Fund Services launches Sensr DataBridge to help private equity sponsors access crucial fund data. Lending Worth AI taps Equifax to help improve underwriting and risk management for small businesses.
52 
CB Insights
NOVEMBER 3, 2022
While insurtech funding has remained relatively flat quarter-over-quarter in 2022, insurers are still actively engaging with startups to improve their businesses — including addressing climate-related risks. . Long-term risk evaluation. Meanwhile, Reask focuses on wind and atmospheric risk modeling. First name.
95 
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.
Fintech News
FEBRUARY 26, 2024
JULO’s credit underwriting process, which uses comprehensive behavioral data, has enabled the successful launch of virtual credit card products designed for the middle-income demographic in Indonesia. Supported by AC Ventures, Credit Saison, Quona Capital, and Saratoga, JULO aims to make financial services more accessible in Indonesia.
109 
PYMNTS
MAY 26, 2016
The same applies to risk teams in automating their underwriting processes. Key Elements of Automating Underwriting. This methodology allows for greater confidence in the risk model over time, whereas diving into full automation right away can waste money and time. Getting Started. Mapping Out the Current Process.
40 
FICO
OCTOBER 27, 2016
ESS can be used by an enterprise to understand its cyber risk and shore up defense gaps. The number of underwriters active in the US market is growing rapidly as well, with a double-digit CAGR. The need for objective risk measurement. The lingua franca of cyber breach underwriting .
97 
FICO
APRIL 17, 2020
The FICO® Cyber Risk Score continues to experience significant momentum in the cyber insurance marketplace with strong growth, new clients, and exciting industry recognition. FICO has become the trusted name in cyber risk scoring in the insurance marketplace. To learn more about the FICO® Cyber Risk Score, visit [link].
52 
The Fintech Times
APRIL 15, 2024
“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. This approach not only fine-tunes the assessment of credit risks but also customises financial products to meet individual requirements, balancing personalisation with risk management.
134 
FICO
JULY 31, 2019
As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.
70 
Finovate
MAY 13, 2024
CB Insights announced the availability of its State of Insurtech report for the first quarter of 2024, and the Federal Reserve Board issued a summary of climate risk resiliences exercises conducted recently by a handful of big banks. The week begins with a few research-related announcements in the fintech and financial services space.
119 
Global Fintech & Digital Assets
DECEMBER 21, 2023
The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.
59 
The Fintech Times
JULY 29, 2024
Riziq Ishaq, head of property and deputy senior executive, HDI Global Riziq Ishaq has been appointed to lead the property underwriting line, and John Morrell will lead construction and engineering. Especially as we look to strengthen our relationships with brokers and clients by providing solutions through a local team of underwriters.
59 
FICO
DECEMBER 2, 2019
Now it’s easier than ever to understand your company’s cyber risk. The latest release of the FICO® Cyber Risk Score is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors. The FICO Cyber Risk Score is the first cyber rating available on the AWS Marketplace.
52 
Finovate
MARCH 13, 2024
This will impact how banks and fintechs use AI for customer interactions, underwriting, and fraud detection. Compliance and oversight The ruling specifically calls out banking as an “essential private and public service” and categorizes it as a high-risk use of AI.
111 
Finovate
SEPTEMBER 23, 2024
Offer autonomous roboadvisory with algorithmic trading Roboadvisors have been popular in fintech since 2015, but Agentic AI will make it possible for firms to autonomously manage investment portfolios by analyzing market trends, risk profiles, and financial goals.
105 
The Fintech Times
SEPTEMBER 2, 2024
As part of the collaboration, Ant International will explore integrating its AI-driven credit tech solutions, including an automated and intelligent risk management engine, into the Dock One platform.
The Fintech Times
MARCH 22, 2024
They are most impactful for functions where large volumes of natural language information are processed, such as compliance, legal, risk management and underwriting. Generative AI assistants are trained on specific policies, procedures and regulations.
64 
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. By combining J.P.
59 
FICO
AUGUST 28, 2018
Welcome to the final blog in the series recapping Cyber Risk, Cyber Ratings and Cyber Risk Transfer at FICO World 2018 , and my conversation with the session’s three panellists: Josh Ladeau , CISSP, Global Head of Cyber, Aspen Insurance. They were not sure how they could bake it into their underwriting process.”. he laughed. “We
53 
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.”.
CB Insights
MARCH 4, 2021
However, companies have spent far less on cyber insurance than on cybersecurity as a form of cyber risk management. Allianz and Munich Re will integrate with Google Cloud in order to access customers’ data in order to better assess the cyber risks they face and provide more personalized protection. First name. Company name.
National Merchants Association
AUGUST 2, 2022
The ProAgent Portal lets you submit applications for your potential merchants and communicate directly with National Merchants Association’s Underwriting and Risk Management teams from your Portal. When you join the ProAgent Program, you gain access to: Our Interactive ProAgent Portal. Everything is done in-house.
52 
National Merchants Association
AUGUST 2, 2022
s Underwriting and Risk Management teams from your Portal. from underwriting to risk management. ProAgent, you’ll enjoy the perks of partnering with the industry leaders in High Risk Done Right. Whether high-risk or low-risk, brick-and-mortar or e-commerce, LOLA POS.
52 
National Merchants Association
AUGUST 2, 2022
The ProAgent Portal lets you submit applications for your potential merchants and communicate directly with National Merchants Association’s Underwriting and Risk Management teams from your Portal. When you join the ProAgent Program, you gain access to: Our Interactive ProAgent Portal. Everything is done in-house.
52 
FICO
JUNE 12, 2019
The challenge of cybersecurity has driven global interest by firms looking to quantify their own cyber risk, including that of their third party network. A new report from research firm Chartis names FICO a category leader in cyber risk quantification solutions. The FICO Cyber Risk Score is built using a supervised analytic model.
40 
Nanonets
DECEMBER 13, 2023
A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data. Lastly, AI's predictive capabilities extend to risk management.
102 
PYMNTS
AUGUST 31, 2017
Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter those so-called operational risks. According to a report in Reuters , insurers have said they can protect lenders by giving them more expertise on financial and operational risks.
40
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content