Fintech News

DECEMBER 17, 2023

Now, the near real-time ledger, KYC, payment systems, and other services run on Thought Machine in AWS and provide the client with a core banking solution that performs seamlessly, improving the experience for customers and staff.

Payment APIs and Integration

FICO

APRIL 24, 2023

Trust combines this fast onboarding journey with comprehensive risk assessment by using predictive models, analytics and parameters built into its decision engine. This has changed the way we do business as we can see market outcomes in near real time, and our risk strategy team can roll out changes rapidly.”

Near Real-Time

PYMNTS

APRIL 2, 2020

” Operators can see mobile transactions settled in near-real time, with the ability to withdraw those funds via their debit card at ATMs. Brex Offers Work-From-Home Rewards.

Commercial Card

PYMNTS

SEPTEMBER 19, 2019

Levaniem, in turn, then began to determine if anything such as a measurement firm that looked to assess that kind of sentiment was in existence. They are also intended to share their wait times, the level of employee professionalism and any loan rates, among other data, in near real time.

Near Real-Time

PYMNTS

DECEMBER 5, 2017

That’s a strength for Emailage, because the startup specializes in risk assessment based only on customers’ email addresses, which it is able to do in near real-time. Like the lights on the Christmas tree, Enrico said, this is the company’s season to shine.

Near Real-Time

PYMNTS

MAY 5, 2020

That’s especially true as people and merchants are scrambling to open new accounts online and conduct know-your-customer (KYC) activities in near real time. “It’s key to emphasize the importance of authentication” as so much activity moves online, said Quevedo.

Disputes

PYMNTS

MARCH 14, 2018

With a near real-time view of a user’s financial standing, and our own proprietary assessment approach, Pariti can help lending partners get a much more accurate picture of consumer suitability, affordability and credit worthiness, and users can engage and improve their situation more transparently.”.

Acquirers

PYMNTS

APRIL 24, 2020

Government entities will be tasked with understanding their own risk exposures and assessing the potential technology service partners that can address these concerns as ACH adoption climbs. “There is no silver bullet,” said Thorness.

ACH

CB Insights

DECEMBER 10, 2020

By assessing credit risk through alternative measures, startups may have an opportunity to gain consumers typically overlooked by traditional banks. . SoFi offers larger personal loans and loan refinancing to over 1 M members , while MoneyLion provides cash advances of up to $250 in near real time.

Credit Cards

Stax

JANUARY 24, 2024

Considering factors like demand or seasonality makes it easier to assess the actual value of their offerings. Ongoing data collection and analysis of consumer behavior makes it possible to gauge their level of interest, turning value-based pricing and adjustments into a real science. How does dynamic pricing work?

Adjustments

PYMNTS

JULY 8, 2020

Oxbury is stepping into the banking sector in the context of agriculture financing, wielding a Big Data underwriting strategy that combines use of traditional underwriting metrics with industry-specific assessments based on historical data from events like disease and drought.

Faster Payments

PYMNTS

APRIL 21, 2016

The continued movement toward mobile commerce has placed increasing pressure on service businesses of all stripes — from lenders to retailers — to find out, in real time or at least near real time, which customers are “good” ones. There are a lot of different directions to go with this question.

Authentication

FICO

JULY 15, 2022

Right now, right across the globe, claims processes are being augmented with optimization, automation and machine learning to enable analysis and manipulation of vast datasets in near real-time. But other objectives and constraints can be considered, so a multitude of possible options can be analysed.

Automation

PYMNTS

APRIL 20, 2018

CPOs and their procurement teams still have to manually assess the next action to take, which takes up a lot of manual hours, said Dubey. Artificial intelligence, he continued, is able to offer predictions and problem-solving for CPOs in near-real time. But they are not able to actually solve problems.”.

AI

PYMNTS

AUGUST 15, 2018

The information collected enables merchants and issuers to make near real-time authorization decisions. These behavioral biometrics will then be linked to a risk assessment score, which will enable services, applications and even secure facilities to determine their own thresholds for access.”. Expect more such activity.

Online and Mobile Banking

FloQast

JANUARY 22, 2024

Companies that automate their financial statement preparation processes often benefit from improved accuracy, near real-time data, and increased efficiency. Fact: Companies that automate part of their financial statement preparation process reduce time-to-Close by 33% or more.

Automation

PYMNTS

JULY 24, 2017

One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. His ask, at the time, was nothing more than to meet again once he rustled up some capital and a few like-minded innovators to further flesh out his idea.

Fed

The Fintech Times

MARCH 31, 2024

All these nuances therefore need to be assessed on a case-by-case basis with human expertise.” “Claims AI technology can reduce the time for a claim to be processed from weeks or months, to near real-time, and at a 97 per cent accuracy rate.

Risk

CB Insights

FEBRUARY 27, 2018

One Amazon project, led by Israel-based researchers, would use machine learning to assess whether an item is “stylish” or not. The staggered timeline is designed to give brands enough time to gauge the interest of retail buyers and customers. Amazon is innovating in this area as well.

AI

The Payments Association

MARCH 20, 2025

Furthermore, users can act on the data in near-real time, enabling authorities to stay in step with the movements of bad actors, rather than remaining days or weeks behind. Read the entire Payments Review Spring edition here

Fraud Prevention

The Payments Association

MARCH 20, 2025

Jessica Cath is partner (financial crime) at compliance consultancy Thistle Initiatives and often helps startups with their risk assessments and how they safeguard against these. Operating at such a scale, criminals are not afraid to attack firms of all sizesfrom budding startups to listed giantsand can be brazen in how they do this.

Financial Crimes