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. “But at the same time, they have all lacked a credible tool to conduct an assessment of these [SMBs] in an independent way.”

Underwriting

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment.

Credit Risk

PYMNTS

SEPTEMBER 22, 2020

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data.

Use Case

PYMNTS

NOVEMBER 15, 2018

As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. Analysts point to the challenges associated with adoption and implementation of blockchain-powered B2B payment solutions as a key hurdle for the technology.

B2B

PYMNTS

NOVEMBER 28, 2018

B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). This week, the company announced the launch of its B2B payments network, which allows a small business to turn a check payment into usable funds via prepaid card. CONEXT is looking to do a bit of both.

B2B

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. “Assessing the creditworthiness of small businesses in a cost-effective manner is one of a lender’s most challenging tasks,” he said.

Underwriting

Fintech News

SEPTEMBER 4, 2024

Fluid (Singapore) Fluid illustration, Source: Fluid Based in Singapore, Fluid is a cutting-edge business-to-business (B2B) buy now, pay later (BNPL) solution, designed to help suppliers finance buyers’ purchases right at the point of checkout or when negotiating contractual terms. Fluid secured in February 2024 a US$5.2 With a US$6.6

FinTech

PYMNTS

NOVEMBER 2, 2020

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. They can also assess ongoing credit quality.

Credit Risk

PYMNTS

MAY 25, 2018

No B2B transaction occurs in a vacuum. Every interaction — from negotiating contracts to making payment to extending credit — is connected, but the complexity of B2B commerce creates many opportunities for disjointed, friction-filled experiences on both sides.

B2B

PYMNTS

JUNE 17, 2020

Today, B2B payment terms are in dramatic flux, while supply chain disruptions have led to bottlenecks that leave some vendors in short supply of cash. Having announced a partnership with Dun & Bradstreet , Velotrade is expanding the pool of data from which it draws to underwrite financing. Broadening Risk Mitigation.

Finance

PYMNTS

OCTOBER 21, 2019

Providing consumers with sufficient supports can address these potential obstacles and speed up loan underwriting timelines, benefiting both borrowers and lenders. Consumers must give approval to have these details sent, which helps lending FIs quickly assess potential borrowers and determine whether to offer loans.

Underwriting

Tearsheet

AUGUST 7, 2024

Morgan’s extensive client relationships with Slope’s AI-driven B2B payment platform. Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. The partnership brings together J.P. Morgan to this partnership, and how does it complement J.P. By combining J.P.

AI

PYMNTS

APRIL 6, 2018

On the surface, investors were quite varied this week when it came to backing B2B startups. From using AI to enhance eProcurement processes to deploying AI-powered robots in warehouses, the B2B startups that integrate the technology into their own offering impressed backers this week. PYMNTS breaks down the deals below. eProcurement.

B2B

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

PYMNTS

OCTOBER 7, 2016

He offered the example of banks using analysis of financial statements to assess risk in the loan origination process. “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.

Origination

PYMNTS

APRIL 16, 2018

YES BANK will assess tax data from the last six months, and, if approved, businesses can access funds within a day. YES BANK launched its accelerator program last year to support B2B FinTech innovation in an array of services, including cash flow management and cross-border payments. Singapore, Germany and Hong Kong.

Returns

PYMNTS

MAY 7, 2020

CustomerConnect will work to automate credit applications, result assessments, invoicing and collecting payments that were agreed upon before, the press release states. As such, virtual cards are becoming a critical and strategic B2B payment method for both buyers and suppliers.

Automation

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

PYMNTS

JANUARY 2, 2020

In an interview with Karen Webster, Brandon Spear, president at MSTS , said the stark differences between B2C and B2B payment speeds boil down to a case of having too many cooks in the kitchen. As he told Webster, when it comes to B2B, “more often than not, there’s not just a single person who’s involved in the purchasing process.”

B2B

PYMNTS

JULY 1, 2019

PayNet announced Thursday (June 27) in a press release that it is rolling out its PayNet Financial Statement Report (FSR), a solution for lenders to automatically generate a report of financial data from small business loan applicants to more efficiently assess creditworthiness.

Automation

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

PYMNTS

JUNE 23, 2017

Reports said Validus is using its securities crowdfunding platform and risk analysis technology to assess the creditworthiness of SME borrowers with unpaid invoices. “Similarly, suppliers for these businesses may be challenges to provide adequate credit, as they do not have the skills to underwrite higher credit lines.”

Commercial Card

PYMNTS

JUNE 1, 2020

invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding , according to a report in Crowdfund Insider on Friday (May 29). The partnership is a result of the launch of the FinTech task force Innovate Finance , which took place in March, the report said.

Risk Assessment

Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. The company replaces traditional B2B payment methods (e.g. Four finalists were shortlisted in each category.

AI

PYMNTS

SEPTEMBER 21, 2020

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. Rather, underwriting is based on actual assets on the balance sheet. "It It really helps to offset the impact of a pandemic or any of those kinds of market events," he said.

Finance

PYMNTS

JULY 25, 2019

The world of B2B payments can be a somewhat lopsided place to navigate — a reality incredibly apparent in looking at the difference in payments terms that larger, more established companies with thicker profit margins get when compared to their smaller, newer and thinner-margined counterparts.

Finance

PYMNTS

OCTOBER 16, 2018

There is widespread opportunity for FinTech to enhance visibility into the B2B payments process in the construction space, promote faster electronic payments and boost cash flow visibility. Many of these factors are key to not only underwriting a loan, but enabling a borrower to draw down on that financing.

Mitigation

PYMNTS

JULY 28, 2017

At the center of many of these discussions is the issue of ACH underwriting, which sees FIs establish how long it takes for funds to actually settle into an account. This involves a complex application and lengthy reviews that at the very least are an annoyance for banks and their customers.”.

Same Day ACH

PYMNTS

NOVEMBER 16, 2018

A press release issued this week said that BNB Bank, a community bank operating across the New York and Long Island metropolitan area, will integrate PayNet technology to enhance its underwriting process for small business loans. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L.

Community Banks

PYMNTS

FEBRUARY 27, 2020

Understanding the borrower means assessing the business’ ability to repay a loan, a key component to the underwriting process. It’s a more behavioral metric that is even less accessible for traditional FIs, and one that Mehrotra said can also be assessed via Grab’s database. The Data Of Repayment Habits.

Small Business

PYMNTS

DECEMBER 17, 2018

Swoop’s solution to this dilemma is to work directly with small business advisors and accountants — professionals who have the financial experience and education to assess what solutions would be the best fit for their clients. Key to this solution is the U.K.’s

Small Business

PYMNTS

MAY 7, 2020

Those firms are spread across five categories, all aimed at bridging different parts of the digital divide for consumers and merchants: enablement partners, female-founded FinTechs, digital currency wallets, consumer-centric and business-to-business (B2B) solutions providers.

FinTech

PYMNTS

FEBRUARY 20, 2020

Unless a business is at least five years old, its credit profile is likely quite thin, leaving banks to rely on personal guarantees to underwrite an account. “With the changes that have happened in underwriting and risk assessment, it’s just one of the things that should go.”

Commercial Card

PYMNTS

JANUARY 30, 2019

PayNet’s collaboration with Numerated follows last November’s announcement that PayNet was collaborating with community bank BNB Bank , which will integrate PayNet’s small business loan underwriting technology, including its Credit History Report and the MasterScore tools.

Risk

PYMNTS

MARCH 20, 2020

Automated and accurate data aggregation means enhanced underwriting processes, particularly when data sharing occurs beyond SMBs’ bank account data and begins to include a wider set of data from accounting and other platforms. For lenders, unlocking data also means strengthened fraud mitigation.

Risk Mitigation

The Fintech Times

FEBRUARY 20, 2024

Jumio , a provider of automated, end-to-end identity verification, risk assessment and compliance solutions, names Igor Beckerman as chief financial officer. The platform called Origo is focused on speeding up the underwriting process and delivering speedier and stress free mortgages to borrowers using the power of AI.

FinTech

PYMNTS

JUNE 23, 2016

Often, cybersecurity measures involve an intensive process by a third-party provider, which visits a company and scrutinizes the entity to assess its risk. “We’re looking to assess the entire security of the enterprise,” he said. The first, and perhaps obvious, one is for insurance underwriters.

Cybersecurity