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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. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

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Thredd Strengthens Global Leadership With Strategic Senior Appointments

Fintech Finance

Patricia previously served as VP of Technology Operations and Delivery at Zopa, where she led risk management and process improvements, and Senior Director of Software Engineering at LexisNexis Risk Solutions, spearheading AML and compliance technology initiatives.

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How BNPL Is Changing Consumer Credit Expectations

Fi911

Changing Attitudes Toward Creditworthiness BNPL providers typically use alternative underwriting models, many of which avoid hard credit pulls. Instead, they rely on behavioral data, transaction history, and machine learning to assess risk. Risks for Consumers and Lenders Despite the appeal, BNPL is not risk-free.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

Together, software, banking and retail account for 38% of the global AI spend. For example, among banks that have implemented GenAI, 88% have seen improvements in risk management and compliance, and 85% report time/cost savings. IDC estimates the banking industry will invest about $31.3 These are significant positive outcomes.

AI
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What Is an ISO? Everything You Should Know about Independent Sales Organizations

Stax

TL;DR An ISO (Independent Sales Organization) is a third-party company authorized to manage merchant accounts and provide payment processing services on behalf of acquiring banks. You can start offering merchant accounts, selling payment processing solutions, and helping businesses get paid.

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This Week in Fintech: TFT Bi-Weekly News Roundup 15/07

The Fintech Times

Known for leading Paycor’s $4.1bilion sale to Paychex, Villar brings enterprise SaaS expertise to the AI-powered risk platform. His appointment follows AuditBoard’s recent international expansion and continued momentum in connected risk management. Investors include Idékapital, Shine Capital, Investinor and Sequoia.

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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

For payments firms, integrating tailored insurance at checkout or as part of transaction flows presents a new value proposition and customer engagement lever, but also demands new risk management capabilities. Fraud detection and risk management are also evolving.