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

PYMNTS

JANUARY 30, 2019

Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In a press release issued on Tuesday (Jan.

Risk 57

Risk Risk Mitigation Small Business Underwriting 57

PYMNTS

APRIL 9, 2019

. “But they’ve probably grown up separately because, traditionally, banks have looked at one as a financing opportunity or corporates looked at one as a monetization opportunity, and the other is pure risk mitigation. The tool, Kocher explained, acts as a sort of “outsourcing” of the underwriting process.

Finance 63

Finance Risk Mitigation Underwriting Mitigation 63

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” 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. “Lenders’ primary goal is to assess a consumer’s stability, ability and willingness to pay.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

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. Here are some highlights.

Credit Risk 40

Credit Risk Risk Identity Theft Account Takeovers 40

PYMNTS

JUNE 17, 2020

Gianluca Pizzituti , CEO and co-founder of invoice financing platform Velotrade , told PYMNTS about the risks financiers must mitigate in the trade finance arena, the role of data in mitigating those threats, and the evolving role of invoice finance to help B2B companies endure the most volatile market many have seen in years.

Finance 68

Finance Mitigation B2B Underwriting 68

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.

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. This also helps them prioritize claims that require detailed scrutiny, ensuring that high-risk claims are flagged early in the process. thus allowing for seamless verification.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

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

OCTOBER 7, 2016

.” Financial institutions today are also struggling to connect the dots between all of the ways they use data analytics to mitigate risk and add value to their lending operations, added Horrocks. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process.

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

FICO

FEBRUARY 7, 2017

Customers worry about the cybersecurity risk you as a vendor could introduce to them. Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

PYMNTS

SEPTEMBER 7, 2018

When the company first launched, it began by working with factoring companies, helping them underwrite financing based on projected income from borrowers’ accounts receivable data. The company had previously raised pre-seed and seed funding, and, according to reports, is set to close an additional investment round to the tune of $2.5

Finance 46

Finance Risk Mitigation Underwriting B2B 46

PYMNTS

JULY 23, 2019

The China Banking and Insurance Regulatory Commission (CBIRC) is introducing new measures that require banks and insurance companies to validate trade transaction and documents to combat the risk of fraud. A similar dispute has also risen stemming from accounts receivable from Suning as well. Technology, he said, is key to that endeavor. “As

Finance 51

Finance Disputes Verification Underwriting 51

PYMNTS

FEBRUARY 9, 2018

lender is now offering its small business (SMB) borrowers credit insurance policies provided by Euler Hermes to protect themselves against the risk of non-payment of an invoice should their customer become insolvent or fail to pay. That deal, announced last December, sees MarketInvoice underwriting SMB loans provided by Investec.

Risk Mitigation 40

Risk Mitigation Non-Bank Risk Underwriting 40

PYMNTS

AUGUST 1, 2017

DueCourse also developed its own risk mitigation technology to use data found within SMEs’ cloud-based accounting platforms to underwrite loans. Its risk model decides whether an SME is eligible to receive invoice financing, as well as the cost of that loan.

Risk Mitigation 40

Risk Mitigation Underwriting Finance Mitigation 40

PYMNTS

MARCH 14, 2017

Regulators are instead concerned about small lending startups that they fear simply don’t know enough about underwriting and risk mitigation to be a safe and productive player in the ecosystem. The CBRC is preparing new regulations to address rising risks in the industry.

Underwriting 46

Underwriting Risk Mitigation Financial Inclusion Governance 46

FICO

FEBRUARY 20, 2017

Customers worry about the cybersecurity risk you as a vendor could introduce to them. Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science.

Cybersecurity 40

Cybersecurity Risk Mitigation Mitigation Assessments 40

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

FICO

JANUARY 24, 2018

Two of today’s hottest tech topics — cybersecurity insurance and artificial intelligence (AI) — were well represented at recent conferences in insurance and banking, respectively: Advisen Cyber Risks Insights Conference and Bank AI Expo. Underwriters and brokers need to exert more positive control in the engagement process,” he continued.

Cybersecurity 55

Cybersecurity AI Underwriting Risk 55

PYMNTS

MARCH 25, 2020

Designed for firms with between two and 200 employees, the card program underwrites SMBs through Archa’s proprietary machine learning-powered risk analysis technology. Archa Collabs With i2c in Australia.

Commercial Card 46

Commercial Card Innovation Cross-Border Cross-Border Payments 46

PYMNTS

MAY 10, 2018

Rising Risks, Demand For Digitization: A Double Threat. According to analysts, corporate banks in the country are facing a whirlwind of market pressures, including risks from nonperforming assets, threats of cyberattacks and greater demand for digital services from their business customers. ” Banks Need to Multitask.

SWIFT 40

SWIFT Risk Mitigation Mitigation On-Demand 40

PYMNTS

APRIL 8, 2016

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. ” The SME Underwriting Legacy . The Cash Flow Forecasting Legacy.

Underwriting 40

Underwriting Small Business Mitigation Risk 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.

AI 77

AI Finance Risk Mitigation Accounts 77

PYMNTS

JUNE 23, 2016

So far, enterprise security solutions focus on strengthening the detection and mitigation of potential breaches within a corporate IT system or involve businesses taking out insurance in the event of a data breach. The first, and perhaps obvious, one is for insurance underwriters.

Cybersecurity 40

Cybersecurity Assessments Data Breach Breach 40

PYMNTS

OCTOBER 16, 2018

. “The lender has inherent risk when it comes to payment processes,” he told PYMNTS in a recent interview. Land Gorilla links construction lenders with technology to manage that lending process, a space that involves complexities and requires lenders to assess and manage risk based on a deluge of factors.

Mitigation 64

Mitigation Payments Risk B2B 64

PYMNTS

DECEMBER 17, 2019

They expose businesses on both the sending and receiving end to security and fraud risks, they’re difficult to reconcile and they do not make transaction data readily available for reconciliation and analytics purposes. The Check-To-ACH Migration. Checks are clunky. However, they persist. I own that relationship,” he said.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

PYMNTS

JULY 5, 2018

Trade Ledger operates an open banking platform for banks to assess lending risk to their corporate customers in real time. “A major problem for banks and other lenders across the globe is the cost, effort and perceived higher risk of loan origination in the SME sector in particular,” McCann said at the time. ” .

Assessments 40

Assessments Mitigation Small Business Risk 40

PYMNTS

NOVEMBER 22, 2019

With a focus on integration with payment and accounting platforms, the startup said it will also continue to connect with a broader array of data sources to bolster small to medium-sized business (SMB) loan underwriting for its partners, which include banks and other lenders. leading the investment. According to BusinessLeader.co.uk

B2B 43

B2B FinTech Cross-Border Payments Payroll 43

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.”. Marketplace lenders have hit the mother load of negative buzz.

Risk 40

Risk Risk Mitigation Risk Assessment Authorization 40

PYMNTS

NOVEMBER 17, 2020

Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said. Targeting FIs, Nucleus Software has rolled out its latest technology with a focus on supply chain risk mitigation. An upgrade of its existing transaction banking offering, FinnAxia 7.5,

Finance 99

Finance FinTech Risk Mitigation Non-Bank 99

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. Rapid Expansion. Technology, Partnerships Address the Gaps.

Small Business 63

Small Business Underwriting Risk Cybersecurity 63

PYMNTS

SEPTEMBER 12, 2018

As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices. Working with a bank like BTG is another spoke in the wheel of small business financing, but one that similarly addresses risk mitigation in the market.

Finance 40

Finance Risk Mitigation Small Business Mitigation 40

PYMNTS

FEBRUARY 11, 2020

But it’s not the only risk faced by traders and banks today: With such a high volume of documents, including bills of lading, customs documents, inspection certificates, invoices, warehouse receipts and more, paperwork forgeries are common, and are often “so good that you can’t tell the difference,” said Tarone.

Finance 53

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

PYMNTS

JUNE 13, 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 Mitigation 40

Risk Mitigation Risk Assessment Underwriting Risk 40

PYMNTS

JULY 11, 2017

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. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63