Assessments Micro-Entry Underwriting 
FICO
SEPTEMBER 13, 2021
Automate as much of the underwriting process as possible. The typical merchant onboarding process has a number of different steps that need to be followed before an underwriting decision can be made, as highlighted in the table below, this is typically a 3-5 day process. 2020 McKinsey Global Payments Report).
Fintech News
OCTOBER 28, 2024
Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. Four finalists were shortlisted in each category.
CB Insights
DECEMBER 4, 2019
PayCode gives Amazon a strategic way of assessing which markets might make the most sense for future expansion of Amazon’s core retail platform, which is currently live in 17 countries. In June 2018, the Warranty Group, which underwrites Amazon Protect in the UK and abroad, was purchased by Assurant for a rumored $2.5B.
CB Insights
JUNE 17, 2020
In May 2020, micro-investing app Acorns followed suit, adding a Spend Account alongside its investment and retirement products. Parametric insurance policies have historically been challenging to underwrite due to the difficulties inherent in accurately modeling financial risk during natural catastrophes. Source: Recorded Future.
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