PYMNTS

OCTOBER 7, 2016

“This disconnect of all the different teams involved in the underwriting process is not just with the physical handoffs, but it also includes the data and analytics separations as well,” he stated. Data is vital to remaining competitive , he said. ”

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

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. Michael Carter, CEO and president of BizEquity , has another vision in mind: lenders using the value of a small business to underwrite SMB loans.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

PYMNTS

DECEMBER 17, 2019

Yet both of these strategies require a third-party service provider to facilitate payment processing, whether funds are coming in via check or ACH. Again, third-party service providers play an important role in alleviating ACH friction for companies. However, they persist. ACH’s B2B Future.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Think of them as service providers that rent their master merchant accounts to their clients. This makes it much easier and quicker for businesses to start accepting payments.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

AUGUST 10, 2020

An increase in late B2B payments behavior has further widened the ability for third-party service providers to step into the AR financing and ABL space. Baugh noted that even for SMBs that have secured a PPP loan, AR and ABL financing fits well to complement their cash flow needs.

B2B 52

B2B Finance Small Business Third-Party Service Provider 52

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency found that underwriting standards have eased thanks to an increased appetite for credit risk, increased competition and an overall perception of improved economic circumstances. percent in the first half of 2016 but then slowing toward the end. Amid these fluctuations, the U.S.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

JUNE 11, 2019

As a digital-first bank, Axos Bank is investing in its own application programming interface (API) strategy to promote the ability for FIs to connect with third-party service providers, and enhance access to data for improved (and less risky) lending — a tall hurdle, considering small business default and failure rates.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60