The Payments Association

MARCH 18, 2025

Insurers now assess policyholders’ financial behaviouralongside payment patternsto adjust coverage dynamically. In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations.

Finance

Trade Credit & Liquidity Management

AUGUST 1, 2025

This means credit executives can approve or adjust terms with confidence and greater agility, improving response times for credit applicants and existing client reviews. Simplified Regulatory Compliance: The Experian Assistant incorporates up-to-date regulatory standards, automating model documentation and validation.

Risk Management

Trade Credit & Liquidity Management

JULY 30, 2025

About Taktile Taktile is an AI-powered decision platform that enables financial institutions, including fintechs, banks, and insurers, to automate, build, and optimize risk management strategies across the entire customer lifecycle, such as onboarding, credit underwriting, fraud detection, and compliance monitoring.

Risk

Nanonets

NOVEMBER 19, 2024

With its ability to handle unstructured documents and adapt to complex layouts, Nanonets optimizes workflows across industries like finance, operations, and insurance underwriting. Leveraging advanced OCR and deep learning models, Nanonets eliminates manual data entry, making it the ideal solution for high-volume, accuracy-critical workflows.

Process

The Fintech Times

JUNE 19, 2025

AI, automation, and embedded insurance are just some of the technologies driving change in everything from underwriting and claims to customer engagement, leading many industry firms and leaders to rethink their approach. Financial organisations are currently seeing the highest AI gains from internal automation.

AI

PYMNTS

MARCH 23, 2020

But after years of finding SMBs too unprofitable to finance, lenders have to play catch-up to develop better underwriting processes for greater accuracy and efficiency. This presents a gap in the market and an opportunity for FinTechs to fill it with automated underwriting technologies, like an automated small business credit score.

Underwriting

Nanonets

SEPTEMBER 27, 2024

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. Underwriting automation can help alleviate these issues to a great extent. Here are specific underwriting processes that can benefit from automation: 1.

Underwriting

PYMNTS

NOVEMBER 10, 2020

The fact is, they had a belief that by deploying machine-learning underwriting that they’d be able to create a more durable lending system that could weather the storm.”. De Vere added that one thing about using ML in banking decisions is that it can adjust to changing conditions. That's our future,” de Vere said.

AI

PYMNTS

DECEMBER 7, 2020

But according to Pero, banks aren't always equipped to fulfill online sellers' working capital needs due to their legacy underwriting processes. It's as yet unclear whether traditional financial institutions will pull back from small business lending amid economic uncertainty. Traditional lenders look at the past," he said.

Finance

PYMNTS

MAY 26, 2016

The same applies to risk teams in automating their underwriting processes. Key Elements of Automating Underwriting. As an organization begins to build in automations and data feeds, it is critical, explains the Agreement Express guide, that it tune and adjust score values to match its manual evaluations. Getting Started.

Underwriting

FICO

AUGUST 28, 2020

Examples of such factors are changes in macroeconomic conditions, employment status, and shifts in lender underwriting standards. It is important to consider changes to underwriting strategy on a refined, segment level.

Underwriting

Fintech Finance

JULY 15, 2024

AFC welcomed the recommendations by the CFPB but requested additional time and clarity to ensure that all BNPL providers, if necessary, can adjust their programs to come into compliance to ensure consistent consumer product experiences. “As

Consumer Financial Protection Bureau (CFPB)

FICO

MARCH 25, 2020

The introduction of the score has enabled Home Credit to underwrite and evaluate new clients with a thin file more objectively. This has been a big focus for the business in response to strong market demand for consumer loans in China. For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion. “The

Risk

PYMNTS

JUNE 26, 2020

In the time of COVID-19 , you have to adjust your model, because we’ve never seen this before,” McNicoll said. “We So, it requires a bit of a manual override of the underwriting models that we’re used to. But he noted that such approvals aren’t easy to make, even if Payoneer has a bit more data than average. “In

Contactless Payments

Fintech News

MARCH 17, 2024

For example, wellness programmes that reward policyholders for maintaining a healthy lifestyle could become more prevalent, alongside flexible insurance products that offer adjustable payment options to make insurance more accessible to a wider audience.

Consumer Protection

PYMNTS

APRIL 2, 2020

Paul Bernardini, a company spokesperson, said in a statement that was cited by the outlet, “Like many other FinTechs, we have temporarily adjusted our lines of credit and are focused on supporting the SBA’s Paycheck Protection Program.”. have also made their underwriting standards stricter or restricted lines of credit.

Small Business

Fintech Finance

JUNE 18, 2024

Equally, traders will be required to get new BNPL providers so that they can continue providing flexible payment choices meaning that they may also have to enter into fresh deals as well as make system adjustments.

BNPL

Finovate

SEPTEMBER 23, 2024

The technology will also proactively adjust portfolios based on market trends, economic forecasts, and client life changes, continuously aligning investments with a client’s long-term goals. Also, as regulations change, it can adjust to rules without human intervention.

AI

PYMNTS

JUNE 14, 2019

Perhaps the data might be useful in shortening eCommerce transaction times, smoothing the online checkout experience, or speeding underwriting decisions — where, as McSherry said, greater financial inclusion or more relevant consumer offers can result. The Data Considerations.

AI

Fintech News

DECEMBER 20, 2023

These strong performances were attributed to reduced credit losses and improvements in underwriting precision and accuracy. Similarly, American BNPL firm, which went public in 2021, reported its second straight quarter of profitability in Q3 2023, generating US$60 million in adjusted operating income, versus a US$19 million loss in Q3 2022.

BNPL

PYMNTS

JUNE 24, 2020

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Field adjusters aren’t able to physically assess a case, noted Reuter, and over-the-phone strategies have slowed down the process of closing cases and issuing payouts.

Business Continuity

FICO

MAY 6, 2019

FICO has for many years closely tracked trends in the odds-to-score relationship, and advocated lenders to do the same on their portfolios in case the findings merited an adjustment in underwriting criteria such as the FICO ® Score cutoff used. So what are some of these factors?

Underwriting

Finovate

JULY 18, 2024

AI technology company Stratyfy announced a strategic partnership with cash flow underwriting and data analytics platform Prism Data. AI technology company Stratyfy has forged a strategic partnership with cash flow underwriting and data analytics platform Prism Data. .”

Underwriting

PYMNTS

SEPTEMBER 21, 2020

Rather, underwriting is based on actual assets on the balance sheet. "It One of the greatest advantages of an asset-based loan (ABL), explained Schmidt, is that financiers don't look at income statements as a part of their assessment. It really helps to offset the impact of a pandemic or any of those kinds of market events," he said.

Finance

Bank Automation

MARCH 5, 2024

Dave reported fourth-quarter adjusted EBIDTA of $10 million compared to a loss of $13 million in Q4 2022, according to the bank’s earnings release today. For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter.

Posting

PYMNTS

JUNE 29, 2020

Banks are looking very carefully at their underwriting models to see if they need to be adjusted to factor in latent risk,” Robert Strand, senior economist at the American Bankers Association, told the WSJ. It’s a little harder for U.S. The major reason is that banks can no longer easily determine who is creditworthy.

Rules

PYMNTS

JULY 16, 2020

We then find underwriters for those policies, [which] we sell through the travel players.”. But Weyl said Koala is working with underwriters willing to take “innovative risks” in terms of assumptions, as well as adjust pricing as actual results flow in over the next several months.

Posting

PYMNTS

FEBRUARY 13, 2019

The firm believes that “household debt delinquencies are likely above their cycle low” and that “the effects of gradually-loosening underwriting standards and rising interest rates will begin to weigh on loan performance in the coming quarters.”. As for household debt, the rate of new household delinquencies is low and remains so, at 4.65

Underwriting

FICO

FEBRUARY 22, 2017

Our findings tell an interesting tale: Banks have been mildly decreasing their car loan underwriting standards. As part of our study, we examined underwriting standards during the 2009-2016 timeframe by looking at FICO® Score distributions for consumers who opened new car loans in the prior six months.

Underwriting

PYMNTS

AUGUST 12, 2020

According to Pogreb, though electronic remittances and faster payment rails can provide speed, what’s more effective at accelerating this process is streamlining everything that happens before the payout itself — namely, the underwriting and decision-making workflows. ” A Shifting InsurTech Landscape.

Small Business

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. AI systems, particularly those incorporating machine learning, can adapt to new regulatory requirements by learning from updated datasets and adjusting their processes accordingly.

AI

Finovate

MAY 16, 2024

The score combines consumer-permissioned open banking data with data from Experian, Equifax, or TransUnion to improve lenders’ underwriting efforts. most lenders won’t need to adjust their credit or lending policies to use the new VantageScore 4 plus credit score.

Underwriting

PYMNTS

FEBRUARY 28, 2020

If you drive less than 12,000 miles a year and qualify for standard underwriting rules, Metromile will calculate your premium based on miles driven, not preset premiums. It has its own policies, sales staff and underwriters. Based in Silicon Valley, Metromile is bringing a new business model to car insurance based on a per-mile metric.

Underwriting

PYMNTS

APRIL 16, 2020

With the coronavirus forcing small- to medium-sized business (SMB) owners to digitize, adjust business models, close their doors or furlough staff, entrepreneurs are quickly recognizing that the old ways of operating no longer cut it in today’s volatile, remote world.

Payroll

PYMNTS

JANUARY 26, 2021

Net income came in at an adjusted $5.29, while the consensus had been at $2.80. The most recent results, management said on the call, were helped by strong digital efforts, which improved underwriting activities. “I In terms of headline numbers, the company said that revenues were down 1 percent to $7.3

Credit Cards

PYMNTS

NOVEMBER 21, 2019

When it comes to professional liability cases, insurers have seen “a tripling of verdicts over $10 million over the past three years,” said Rob Francis, who runs healthcare underwriting at ProAssurance — for example, a recent $230 million settlement against a Baltimore hospital, which is now the largest U.S. malpractice award to date.

Underwriting

The Fintech Times

JULY 31, 2024

They also benefit from enhanced underwriting and portfolio optimisation and can more accurately align policies with coverage needs. ” ZestyAI models enable carriers to adjust inputs based on customer mitigation actions, leading to dynamic risk score updates.

Risk