Bank Automation

MAY 27, 2025

Tinman helps underwriters with administrative tasks such as document processing, income verification and assessing FICO […] The post Nearly 75% of Better.com originations use AI appeared first on Bank Automation News.

Origination

The Fintech Times

MARCH 12, 2025

Mastercard’s Small Business Credit Analytics provides lenders with data-driven insights, with the consent of the business, to help assess the financial performance and retail sales of small businesses.

Visa

Finovate

DECEMBER 16, 2024

“Open Banking sits at the core of SME credit decisioning and brings confidence to underwriting risk assessments,” Capitalise Co-Founder Ollie Maitland said. Photo by Jaanus Jagomgi on Unsplash The post Capitalise Teams Up with Plaid appeared first on Finovate. Plaid reported that adoption of open banking by U.K.-based

Small Business

Fintech Review

MAY 10, 2025

Banks assess creditworthiness using internal models, regulatory guidelines, and risk policies. Many banks now partner with fintech firms to improve onboarding, underwriting, KYC, or user engagement. The post Banks and the Power They Hold appeared first on Fintech Review. It is banks and fintech. Banks get speed and fresh ideas.

Central Bank

Stax

JUNE 17, 2025

Related Post: Everything You Need to Know About Credit Card Processing Higher support availability with ISOs Big banks aren’t known for providing superb customer service. Faster onboarding and approvals ISOs often have more streamlined underwriting and approval processes compared to traditional banks.

ISOs

My Payment Savvy

JUNE 16, 2025

The application process typically starts with basic information collection, followed by underwriting review. Providers assess business legitimacy and financial stability before approval. High-risk industries face stricter requirements—sometimes including processing history, financial statements, and reserve funds.

Payment Gateways

EBizCharge

JUNE 12, 2025

Here’s how the merchant account setup process works: Initial consultation Application submission Underwriting and risk review Configure your merchant account and payment gateway Install payment tools Begin processing payments 1. The post Canadian Merchant Accounts: Top-Rated Payment Processing with EBizCharge appeared first on EBizCharge.

Process

Fintech Review

APRIL 11, 2025

They use alternative credit scoring methods and automated underwriting. Big Data Analytics : Helps predict customer behaviour, optimise pricing, and assess creditworthiness in real time. AI models will help personalise financial advice, detect fraud, automate underwriting, and optimise risk management.

FinTech

Clearly Payments

MAY 22, 2025

Assessment Fee A fee charged by the card networks (Visa, Mastercard, etc.). Markup The amount the processor adds on top of interchange and assessments. Underwriting The process of assessing risk before approving a merchant account. ISO (Independent Sales Organization) A reseller of payment processing services.

Online and Mobile Banking

M2P Fintech

APRIL 11, 2025

With the gold loan market continuing to expand, particularly in rural and semi-urban India, this framework focuses on improving underwriting, valuation, collateral safety, and end-use transparency. Any surplus amount post-auction must be refunded to the borrower.

Due Diligence

Fintech Review

MAY 16, 2025

Investors from angel groups to global VCs attend to scout, assess, and network. In 2025, key topics include open finance, embedded payments, regtech, AI in underwriting, blockchain use cases, and the rise of sustainable finance. Many opportunities die from a lack of post-conference momentum. Follow up quickly after the event.

Innovation

EBizCharge

JANUARY 16, 2025

Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions. The post What Are Merchant Category Codes (MCCs)? For example, if your card has a home improvement benefit, you may get extra points for shopping at a wallpaper store.

Credit Cards

Fintech Weekly

JULY 24, 2025

Legacy underwriting models, designed around salaried employment and predictable income, often exclude this group by default. Traditional underwriting often assumes that if you don’t have a W2 or a credit file, you’re high risk. First, how you verify income and assess eligibility. Two decisions stand out.

Economy

The Fintech Times

JUNE 12, 2025

While open banking has massively improved the loan underwriting process by making it genuinely personalised, the industry hasn’t actually improved outcomes for those that get declined. You can pay off your debts, close your accounts, and still get declined – because there’s nothing left for lenders to assess.

Non-Bank

The Fintech Times

JUNE 24, 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. When exploring some of the biggest emerging trends in the insurtech industry, one recurring theme was AI. “Yes,

AI

The Fintech Times

JUNE 30, 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. ” The post Insurtech Outlook: How Can Insurance Firms Best Prepare for the Future?

Payment APIs and Integration

Payments Dive

JULY 11, 2025

Published July 11, 2025 Justin Bachman Senior Reporter post share post print email license The Robert C. Current FHA policies “largely exclude” BNPL loans from underwriting determinations, HUD said. regulators want to learn more about how buy now, pay later loans may affect borrowers’ finances and housing market stability.

BNPL

Fintech News

JUNE 11, 2025

Some steps that have possibly kept the incumbents ahead are their disciplined underwriting, reinsurance strategies , and deep integration with intermediated channels such as motor dealerships, brokers, and corporate fleet accounts. Undoubtedly though, the three insurers may have actuarial datasets span decades.

Rules

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. In claims, AI is accelerating resolution by automating triage – assessing who, what, when, and even recommending outcomes.

AI

The Fintech Times

JULY 21, 2025

Led by Tanmay Gore , director of Intersys India, the Mumbai-based office is addressing a key challenge in the market: the difficulty of assessing and pricing cyber risk for organisations that often lack dedicated IT security resources.

Risk Assessment

Fintech News

JUNE 12, 2024

Appian, a software company that automates business processes, and Swiss Re have expanded their partnership to streamline the life insurance underwriting process and enhance the productivity of underwriters. The workbench addresses this by offering a single login system, enabling underwriters to manage their tasks more efficiently.

Underwriting

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is an essential component of the payment processing industry, ensuring the safety and security of electronic payments. This article will explore the mechanics of merchant underwriting, from the essential steps involved in the process to the factors influencing it. What is merchant underwriting?

Underwriting

FICO

OCTOBER 27, 2016

It is also an important assessment tool for third parties such as potential business partners and, notably, cyber insurance providers. The number of underwriters active in the US market is growing rapidly as well, with a double-digit CAGR. The lingua franca of cyber breach underwriting .

Risk

Nanonets

APRIL 26, 2023

Automation can have a significant impact on this process—particularly the loan underwriting process. Loan underwriting is the step before a loan is approved or denied, where a lender verifies a potential borrower’s income, assets, debt and property details in order to issue final approval for the loan.

Underwriting

Finezza

JANUARY 4, 2024

A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. The revenue growth and profitability of a lending business depend on several factors.

Transactions

Lending Front

JUNE 15, 2021

But the reality is that–at the time–credit scores were simply the best thing an insurer could access in order to assess risk. Technology has evolved to provide real-time financial data to institutions, facilitating more accurate assessments of both creditworthiness and risk. There is a correlation , i.e,

Underwriting

Fintech News

JUNE 12, 2024

It integrates an advanced cyber risk exposure scanning solution into the underwriting process. This technology enhances risk assessment by generating a real-time security posture score within a minute, allowing eligible small and medium-sized enterprises to obtain instant policy issuance in under 10 minutes.

Risk Assessment

Finovate

MARCH 13, 2024

This will impact how banks and fintechs use AI for customer interactions, underwriting, and fraud detection. Therefore, banks using AI systems must assess and reduce risks, maintain use logs, be transparent and accurate, and ensure human oversight.

AI

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment

The Fintech Times

MARCH 26, 2024

.” Flood risk Bob Schiller , director of product innovation at insurer SageSure addresses the significant gap in flood insurance coverage by highlighting the role of data in accurately assessing flood risk and facilitating insurers’ adaptation to evolving risks. times more properties that have substantial flood risk.

Underserved

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. However, a significant revolution lies ahead – the personalisation of services based on individual user assessments. ” The post How Has AI Impacted the Embedded Finance Space in Recent Years?

Embedded Finance

Fintech News

SEPTEMBER 4, 2024

Paywatch, which operates across Malaysia, the Philippines, Indonesia, and South Korea, has recorded notable growth, processing over US$58 million in salaries to date and posting monthly disbursements of nearly US$8 million. The company expects to exceed US$120 million in disbursed salaries by the end of the year. With a US$6.6

FinTech

Fintech News

AUGUST 12, 2024

Technology firm Microsoft is working with Axis Bank and Aditya Birla Capital, among others, to deploy processes using genAI to transform contact centers, boost sales and overhaul claims and underwriting processes. The book size of digital lenders in India is projected to grow from US$38.2

Embedded Finance

CB Insights

MARCH 4, 2021

Allianz and Munich Re will integrate with Google Cloud in order to access customers’ data in order to better assess the cyber risks they face and provide more personalized protection. Other information like if the company uses 2-factor authentication will also be provided for underwriting purposes.

Cybersecurity

Fintech Finance

FEBRUARY 24, 2025

By leveraging data sources across 220 countries & territories, the collaboration will provide region-specific solutions and access to business-relevant data along with documents and risk assessment models to help FIs onboard clients, vendors and dealers digitally and securely.

AML

PYMNTS

NOVEMBER 18, 2019

Faster payment services could help such consumers get much-needed funds, as long as lenders can access equally fast underwriting tools. Underwriting tools boost the confidence of both borrowers and lenders, and help the latter more seamlessly access reliable bank data that supersedes credit scores. A Complete Banking Picture.

Underwriting

CB Insights

NOVEMBER 3, 2022

Underwriting and claims automation. Why it matters: Insurers can use geospatial analytics to quickly and accurately underwrite policies and virtually assess claims for property insurance without needing in-person inspections. What’s next: Underwriting and claims teams have prioritized geospatial analytics in recent years.

Underwriting