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

JUNE 26, 2020

Some startups focused on data aggregation to expand underwriting capabilities, while others operate platforms to facilitate financing. The company aims to expand the sources of data from which financial services providers can pull for underwriting and other services.

B2B 115

B2B Finance Small Business Underwriting 115

Fintech News

AUGUST 12, 2024

Technology firm Microsoft is working with Axis Bank and Aditya Birla Capital, among others, to deploy processes using genAI to transform contact centers, boost sales and overhaul claims and underwriting processes. The book size of digital lenders in India is projected to grow from US$38.2

Embedded Finance 111

Embedded Finance FinTech Non-Bank Cross-Border 111

PYMNTS

AUGUST 12, 2019

Cyber insurance security responder Tom Bennett of CFC Underwriting told the FT that claims surged in June and July. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett.

Ransomware 72

Ransomware Data Breach On-Demand Service Provider 72

FICO

JULY 28, 2020

However, with a lack of reliable information available to feed into the underwriting process, how can insurance companies find an accurate way to assess the policy buyer’s risk profile? This is especially true for smaller firms where lower premiums will dictate a lower-touch, lower-cost assessment of risk during underwriting.

Underwriting 69

Underwriting Assessments Breach Data Breach 69

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

APRIL 9, 2019

Meanwhile, the trade credit insurance market has progressed along its own separate trajectory of innovation and FinTech disruption, with service providers targeting smaller vendors as potential customers that need to insure their invoices against nonpayment. Combining Forces. Digitizing Together. ” .

Finance 63

Finance Risk Mitigation Underwriting Mitigation 63

FICO

APRIL 17, 2020

A number of new insurance carriers including; Volante Global, Tarian Underwriting Limited, and RLI Insurance Company, have joined a growing number of global insurance carriers currently leveraging the industry leading FICO® Cyber Risk Score for underwriting, portfolio management, risk aggregation, modeling and pricing.

Risk 52

Risk Continuity Underwriting Breach 52

Finovate

FEBRUARY 18, 2025

Open banking Moldova-based digital wallet and electronic money institution (EMI) Paynet partners with open banking services provider Salt Edge. Lending, credit, and underwriting TransUnion Kenya and FICO team up to offer two new risk solutions to help expand access to credit.

FinTech 59

FinTech Embedded Finance Card Issuer Visa 59

PYMNTS

JULY 26, 2017

USA Technologies, the payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, announced news Tuesday (July 25) of the closing of its underwritten public offering of 9,583,332 shares of its common stock at a public offering price of $4.50

Payment APIs and Integration 55

Payment APIs and Integration Underwriting Technology API 55

PYMNTS

NOVEMBER 30, 2018

Joining PYMNTS’ Karen Webster for this week’s edition of the Unscripted Podcast, the pair agreed that in the digital age, risk management is such a complex, interconnected and vast topic that payments service providers in some sense need to write an entirely new rule book when to comes to capturing the emerging art of risk management. “On

Risk Management 65

Risk Management Risk Underwriting Payments 65

PYMNTS

AUGUST 31, 2020

That has left retailers, merchants and service providers searching for the best ways to meet their rising expectations and fill their exposed needs , as the world moves toward a “next normal” yet to come. Data: $2.1T : Estimated value of the mortgage underwriting industry. 100M : Number of U.S. 75% : Share of U.S.

Underwriting 56

Underwriting PayPal Service Provider Transactions 56

Stax

FEBRUARY 15, 2024

Now, there are two ways that a software service provider can become a payments provider. SMBs get access to payment processing services without the need for individual merchant accounts. PayFacs also provide a streamlined onboarding experience, manage underwriting, and handle compliance for its sub-merchants.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

PYMNTS

MARCH 12, 2020

The API will reduce friction related to manual data sharing and entry, the company said, enabling lenders to more easily collect necessary information as they underwrite and make loan decisions. Jack Henry Links FIs to AR Finance Offering.

Payment APIs and Integration 77

Payment APIs and Integration API Small Business Underwriting 77

PYMNTS

MARCH 2, 2020

Lloyd’s insurance syndicate Atrium underwrites the policy and is provided by digital currency “lifestyle” service provider Coincover. The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations of covered digital currency assets.

Treasury 71

Treasury Bitcoin Addressing eWallet 71

PYMNTS

AUGUST 12, 2020

As service providers in the business of disasters and disruptions, insurance companies have had a front-row seat to the ways the pandemic has affected their small business policyholders. But as Pogreb highlighted, small businesses also have an opportunity to change the way they interact with their insurance providers, too.

Small Business 91

Small Business Underwriting Direct Deposit Shutdown 91

FICO

AUGUST 22, 2018

But the other risk category, in which many companies have the same vulnerabilities in a common resource (such as a common cloud services provider), poses “systemic risk from interdependencies and supply chain issues. When we presented our cybersecurity scoring technology to underwriters, we got a range of responses.

Risk 53

Risk Underwriting Cybersecurity Void 53

PYMNTS

NOVEMBER 16, 2020

That can mean linking SMBs to actionable insights and financial analysis, a function that could benefit both the SMB as well as the lender, which can obtain richer data that can, in turn, be used to underwrite future financing.

Technology 115

Technology Payment APIs and Integration Finance Small Business 115

Segpay

DECEMBER 22, 2023

This seems fitting since the underwriting and compliance processes can be a bit of a challenge. This holiday season, I wanted to give the gift of knowledge by sharing the top common compliance questions and how the right answers could keep you off the underwriter naughty list. And in a lot of situations, that answer is “no.” “Can

Money Laundering 103

Money Laundering Processors Acquirers Underwriting 103

Stax

DECEMBER 27, 2023

In this blog, we’re going to explain how merchant accounts work in both eCommerce and offline settings and what businesses need to consider when selecting a merchant services provider. A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

PYMNTS

NOVEMBER 17, 2020

Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said. economy.

Finance 99

Finance FinTech Risk Mitigation Non-Bank 99

PYMNTS

JUNE 15, 2020

” In Europe, PSD2 regulations have unlocked valuable data for financial services providers like Aion Bank and others to expand their offerings and drive further digitization of their services, whether through automated underwriting and credit decisions, or data integrations with other back-office functions like payroll and remittances.

Cross-Border 98

Cross-Border Non-Bank Addressing Underwriting 98

PYMNTS

JUNE 10, 2020

The deal represents the first time Amazon will let a financial institution make underwriting decisions for its sellers, CNBC reported. In January, Goldman CEO David Solomon said the firm hoped to become a banking-as-a-service provider for giant companies. consumer business, told the network.

Push-to-Card 71

Push-to-Card Underwriting Credit Cards Assessments 71

Fintech News

MAY 7, 2024

Founded in 2008, Perfios is a B2B SaaS company serving the banking, financial services and insurance industry in 18 countries, empowering 1,000+ financial institutions. It does so by delivering 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning, and processing 1.7

Payment APIs and Integration 126

Payment APIs and Integration Non-Bank Finance FinTech 126

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

EBizCharge

NOVEMBER 12, 2024

Merchant application information is critical in the underwriting process , which assesses the risk of providing merchant services to a business. The merchant service provider also uses the information gathered to determine transaction fees, setup fees, and other terms of service.

Online and Mobile Banking 52

Online and Mobile Banking Processors Debit Card Volume 52

PYMNTS

FEBRUARY 26, 2019

According to the company, current financing offerings are not always adequate to analyze risk and underwrite loans for eCommerce business models. “Payoneer’s Capital Advance service provides merchants with instant access to the capital they need to reinvest into their business.”

Finance 56

Finance Underwriting Payment Solutions Risk 56

PYMNTS

NOVEMBER 24, 2020

Together, the companies are helping banks across the region access small business data and facilitate data integrations with FinTechs, with a focus on enhanced small business loan underwriting. He added that Visa's banking clients will be able to enhance their own small business services as a result of the partnership.

Payment APIs and Integration 60

Payment APIs and Integration Small Business API Underwriting 60

PYMNTS

SEPTEMBER 22, 2016

21) it continues to register a strong growth rate in the number of payment service providers (PSPs) confirming their interest in its pan-European instant payment service, which is on schedule to be delivered in Nov. At the time of the announcement, there were 39 underwriting banks.

Instant Payments 55

Instant Payments Real Time Payments Message Standards Payments 55

PYMNTS

OCTOBER 18, 2019

Payment providers seeking to stay competitive are actively exploring new ways to bring about that sought-after payments speed. The October Faster Payments Tracker examines how payment service providers are working to offer ever-faster international payments and the rapid domestic payments that accompany them.

Cross-Border Payments 40

Cross-Border Payments Underwriting Cross-Border Faster Payments 40

PYMNTS

SEPTEMBER 28, 2016

Except for the peer rating offered on merchants’ websites, be it positive or negative, but then again, that’s more of an original underwriting process, and that’s been already going on for many years. And also, finding a new, more efficient model to underwrite merchants was definitely very innovative at that time.

Innovation 76

Innovation Online and Mobile Banking Underwriting On-Demand 76

Clearly Payments

DECEMBER 5, 2023

The Definition of a Payment Processor A payment processor is a financial service provider that facilitates transactions between a seller (merchant) and a customer. ISOs (Independent Sales Organizations) or MSPs (Merchant Service Providers) ISOs, or Independent Sales Organizations , act as intermediaries between merchants and acquirers.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

M2P Fintech

JANUARY 21, 2025

Key Features Customizable Decision Engine : HyperVerges decision engine is tailored to align with specific business rules, ensuring more accurate and efficient underwriting. AI and Machine Learning AI and ML are streamlining loan origination by automating document verification, analyzing borrower data, and providing predictive insights.

Origination 52

Origination Payment APIs and Integration Underwriting Automation 52

Finovate

APRIL 9, 2024

Since it was founded in 2015, Quavo has helped recover nearly $660 million for 6+ million users Disputes-as-a-Service company Quavo Fraud & Disputes announced that it has teamed up with data warehouse-as-a-service provider Snowflake this week.

Disputes 59

Disputes Identity Theft Financial Crimes Data Security 59

Fintech News

MARCH 18, 2024

The company says its fintech solutions are used by more than 22,000 firms and small and medium-sized enterprises (SMEs) around the world, making it one of the leading payment services providers in Asia-Pacific (APAC) and the US.

FinTech 111

FinTech Online and Mobile Banking Blockchain Product 111

PYMNTS

AUGUST 19, 2019

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. In The UK.

Ransomware 72

Ransomware Business Email Compromise Wire Wires 72

PYMNTS

OCTOBER 7, 2019

However, while many of the systemic issues that plagued the segment — particularly around underwriting and access to capital — in the early part of the 2010s have been greatly remediated, things could still be better. The reality is that the service provider that looks at credit data is going to charge more for a lackluster profile. “If

Finance 47

Finance Underwriting Small Business Economy 47