Stax

MAY 6, 2025

Acquiring bank This is the merchant bank that allows the business to receive money from card transactions and store these funds. The issuing bank This is the cardholders bank or the financial institution that issued their credit or debit card. Think: Visa, Mastercard, American Express, and Discover.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

The Fintech Times

APRIL 15, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. .

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Clearly Payments

MAY 22, 2025

Authorization An authorization is a request to the cardholders bank to approve a charge. Acquirer (Acquiring Bank) The bank or processor that works with the merchant. Issuer (Issuing Bank) The issuing bank is the bank that gave the customer their credit or debit card.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

M2P Fintech

APRIL 11, 2025

The Reserve Bank of India (RBI) has released the Draft Directi ves 2025 on Lending Against Gold Collateral, bringing a much-needed regulatory reset to a sector thats long operated in silos. Financial Implications: Non-compliance could result in financial penalties, provisioning burdens, or reputational damage.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

Fintech News

SEPTEMBER 4, 2024

These companies, which represent countries such as Malaysia, the Philippines and South Korea, are tackling challenges in sectors such as lending, banking, and business finance, leveraging innovative business models and cutting-edge technologies to boost efficiency and enhance accessibility across the financial services industry. With a US$6.6

FinTech 117

FinTech Cross-Border Payment APIs and Integration Credit Cards 117

Fintech News

DECEMBER 20, 2023

But despite increased adoption of these novel payment methods, BNPL profitability remains a challenge, hampered by high fixed costs, increasing funding expenses and elevated delinquency rates, a new report by the Bank for International Settlements (BIS) says. million in 2023.

BNPL 109

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 109

International Payments Processing

AUGUST 30, 2021

Therefore, cannabis stores cannot access the banking service at a national level, which prevents them from accepting card or digital payment. We also provide 24/7 365 customer service to help with your application, underwriting, and onboarding. However, cannabis is still federally illegal.

Process 88

Process Payments International Payments Online Payment Processing 88

International Payments Processing

AUGUST 30, 2021

Therefore, cannabis stores cannot access the banking service at a national level, which prevents them from accepting card or digital payment. We also provide 24/7 365 customer service to help with your application, underwriting, and onboarding. However, cannabis is still federally illegal.

Process 88

Process Payments International Payments Online Payment Processing 88

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. This makes it much easier and quicker for businesses to start accepting payments.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

DECEMBER 17, 2018

Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance. In addition to the Open Banking policy, U.K. Key to this solution is the U.K.’s

Small Business 78

Small Business Finance Non-Bank Accounts 78

Stax

JANUARY 8, 2024

Broadly, these can be classified into the following categories: Compliance risks Potential risks that may arise from non-adherence to any card brand or governmental regulations come under this category. Once the information is collected, PayFacs must render an underwriting decision to approve or decline sub-merchant applications.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Nanonets

APRIL 11, 2023

A report by McKinsey states that by embracing digital lending processes, leading banks have brought down the “time to yes” from weeks to minutes, and “time to cash” from even longer to less than 24 hours. Manual compliance processes increase the risk of non-compliance and may result in costly fines or penalties.

Origination 52

Origination Automation Risk Assessment Underwriting 52

FICO

AUGUST 28, 2018

They were not sure how they could bake it into their underwriting process.”. Scoring Cyber Risk: No Standardized Underwriting Processes. I asked Josh about the difference between what Sasha had observed and how cyberinsurance underwriting is evolving at Aspen. Banks and financial institutions are highly targeted, for example.

Risk 53

Risk Security Underwriting Breach 53

PYMNTS

SEPTEMBER 18, 2018

Because as of today, the world of mortgage underwriting isn’t built for gig workers or the self-employed, thus making it challenging for those looking to dip in a toe. ” These consumers can still find products: Non-qualified mortgages exist, but the terms won’t be as favorable. “Too The New Rules. Fixing an Over Correction.

Underwriting 66

Underwriting Economy Verification Risk Assessment 66

EBizCharge

JANUARY 16, 2025

Determining interchange fees: Interchange fees are costs paid between banks for accepting card-based transactions. Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions. MCCs play a role in setting these fees. MCCs help enforce these restrictions.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. The fact that they not only use AI for initial underwriting, but also for the ongoing risk monitoring of the portfolio, is what really attracted us to Slope. The partnership brings together J.P. By combining J.P.

AI 59

AI B2B Finance Underwriting 59

Nanonets

MARCH 27, 2023

From application submission to underwriting and funding, mortgage automation can simplify the steps involved in getting a loan approved. These documents may include bank statements, W2s, pay stubs, and tax returns. Automated systems can retrieve credit scores and credit reports, enabling lenders to make quick and accurate decisions.

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

Nanonets

SEPTEMBER 27, 2024

According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. Underwriting and claims processing are two key insurance processes that are still handled manually.

Process 52

Process Underwriting Automation Database 52

M2P Fintech

MARCH 28, 2024

Aadhaar-enabled Payment Service (AePS) AePS, in India, enables individuals to conduct basic banking transactions like d eposits, withdrawals, balance inquiries, bill payments, etc. without requiring a traditional bank account or debit card. Unlike physical cash or bank deposits, CBDCs are purely electronic.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Nanonets

APRIL 24, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free A bank extract is data extracted from bank statements or other financial documents. This facilitates verification of customer profiles, streamlining the onboarding process, approving loans and mortgages, assessing borrower risk, etc.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., That firm recently secured funding from Visa, which is also in the process of acquiring Plaid as part of its own wide-ranging open banking initiatives.

Finance 67

Finance Payment APIs and Integration Cross-Border Payments Cross-Border 67

EBizCharge

NOVEMBER 12, 2024

These applications typically involve merchants submitting financial and bank statements, business licenses, and other relevant documentation. Merchant application information is critical in the underwriting process , which assesses the risk of providing merchant services to a business.

Online and Mobile Banking 52

Online and Mobile Banking Processors Debit Card Volume 52

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. Four finalists were shortlisted in each category. The company replaces traditional B2B payment methods (e.g.

AI 108

AI FinTech Innovation Payment APIs and Integration 108

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

PYMNTS

JULY 6, 2018

While Open Banking is not exclusive to the European markets, recent PSD2 and Open Banking regulations that came into effect earlier this year offer an opportunity for other jurisdictions to learn by example. The service model of Open Banking is quickly spreading beyond EU borders.

FinTech 52

FinTech Non-Bank Regulations Risk Assessment 52

Nanonets

APRIL 5, 2023

It helps lenders evaluate borrowers' creditworthiness, assess the risk of default, and ensure that only qualified applicants are approved for loans. Traditional underwriting processes may not assess creditworthiness accurately for a borrower who derives income from non-traditional sources.

Automation 52

Automation Process Risk Assessment Assessments 52

Nanonets

MARCH 21, 2023

The automated high-performance models enable credit providers to define lending parameters and distinguish between creditworthy and non-creditworthy customers. The result is improved approval rates for qualified borrowers and reduced risk for the bank. The data can also be complemented with subjective insights from the underwriters.

Automation 52

Automation Assessments Non-Bank Process 52

PYMNTS

JULY 11, 2017

The International Chamber of Commerce Banking Commission recently released a report that found an imbalance between supply and demand of trade finance services. Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical.

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

Nanonets

SEPTEMBER 23, 2024

What are your bank statements telling you about your business?  Bank statement analysis helps you uncover this hidden data. In this blog, we’ll explore what bank statement analysis is, why it matters for your business, and how new technology is making it easier and more effective than ever. 

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

Exact Payments

SEPTEMBER 25, 2023

We’ve found that the real challenge for most non-payment companies isn’t grasping the PayFac model’s many benefits — it’s knowing what it takes to become a PayFac. Step 2: Partner With Financial Institutions You’ve conducted your assessment, and you’re ready to go the PayFac route. What you may not know, though, is how to get started.

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

Nanonets

MARCH 26, 2023

The lender will also typically request documentation to verify the information provided in the application, such as pay stubs, tax returns, bank statements, and credit reports. Underwriting: The lender evaluates the borrower's application and documentation to determine the level of risk associated with the loan.

Automation 52

Automation Process Underwriting Origination 52

FICO

MARCH 6, 2020

A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . We serve corporates, insurance companies, and banks – be it a retail, private, wealth management, automotive or telecom bank, tier 1 or tier 3 bank. What do you do?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

The Fintech Times

FEBRUARY 20, 2024

In his new role, Al Kharusi will lead Mashreq Bank’s strategy and operations in Oman, optimising the bank’s performance, and ensuring compliance with local and international standards. With a network of over 150 financial institutions, Wealthica offers Canada’s largest banking, brokerage, and investment aggregator.

FinTech 64

FinTech B2B Non-Bank Compliance 64

Electronic Transactions Association

JANUARY 21, 2025

Model Money Transmission Modernization Act ETA supports the enactment of the Conference of State Bank Supervisors Model Money Transmission Modernization Act (Money Transmitter Model Law) across the U.S. states and territories. Taxation ETA opposes the application of new or expanding existing taxes to the payments industry.

BNPL 40

BNPL Financial Inclusion Privacy Small Business 40

The Fintech Times

OCTOBER 30, 2024

HSBC UK recently became the first major bank to enable international customers to leverage their international credit history to apply for a UK mortgage application. “Fintechs, alongside banks, must lead the charge in driving regulatory reform that supports new and accessible payment solutions.

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101