PYMNTS

APRIL 1, 2019

As a result, DLT can lower costs, and boost transparency, in part by eliminating the need for a correspondent banking relationship. The blog specifically called out xRapid as a solution now being tested in real world cases. Through pilots, the company has said, costs have been reduced on FX by as much as 40 percent to 70 percent.

Cross-Border

Finance Magnates

FEBRUARY 15, 2023

With Circle acting as a correspondent bank, using USDC has proven to be a promising solution for reducing counter-party risk and facilitating multi-MSB payouts. Watch on to learn more about the benefits of Circle and USDC for MSBs.

Cross-Border Payments

FICO

OCTOBER 4, 2016

CRA regulations provide various methods of evaluating bank performance, corresponding to differences in institutions’ asset sizes, structures and operations. My colleague has written a series of blog posts detailing our research and the promise that this new score holds.

Federal Reserve

Nanonets

JUNE 27, 2024

Fuzzy matching (également appelée correspondance approximative de chaînes) est une technique qui permet d'identifier deux éléments de texte, chaînes ou entrées qui sont à peu près similaires mais ne sont pas exactement identiques. Qu’est-ce que fuzzy matching?

Correspondent

Nanonets

APRIL 29, 2024

It is the process of comparing and matching credit card transactions with corresponding spends and financial records to ensure accuracy and transparency in financial reporting.  It ensures that credit card transactions are accurately recorded and reconciled with corresponding entries in the company's accounting records.

Reconciliation

M2P Fintech

JANUARY 22, 2024

In this blog, our experienced engineer, Chandru Chokkalingam , will walk you step-by-step through the intricacies of masking data using Vision framework. PNG JPEG TIFF Here, we validate the image data to determine if it corresponds to one of the supported formats using an enum class ‘ FormatType.’

Correspondent

FICO

NOVEMBER 22, 2017

caption id="attachment_32822" align="alignleft" width="474"] Source: FICO Blog[/caption]. Such high-score cases are anomalous and corresponding SARs are generated, allowing subtle behaviors to be surfaced from the masses of transactions daily in the bank. This is essentially a powerful magnet to surface needles in the haystack.

AML

PYMNTS

APRIL 29, 2019

At run time, we can select an output voice by simply passing the network the corresponding one-hot vector,” wrote Jakub Lachowicz, an applied scientist in the Alexa Speech group, in a blog post.

Research

FICO

JANUARY 22, 2021

Last year I blogged a lot about how payments and fraud patterns have changed. In this blog post I’ll do some quick level-setting with 2019 card fraud numbers, touch on what that looked like for 2020, and then share a round-up of several of the latest credit card fraud trends.

Credit Cards

FICO

MARCH 18, 2020

As I recently blogged , the use of prepaid cards is growing, in forms ranging from one-time gift cards to reloadable payment mechanisms for benefit distribution. MLSC uses the quantiles of the input variables to establish the corresponding thresholds of each variable distribution to distinguish outliers.

Fraud Detection

Payment Savvy

JANUARY 7, 2021

If you’d like to read on about creating positive collection call, check out our recent blog here. Obtain the correct and proper authorizations and understand how your debtor wants to receive correspondences from your agency. Some want the convenience of an SMS text message or email correspondence.

Correspondent

FICO

OCTOBER 19, 2022

Increases in average FICO® Resilience Index values over time correspond well to changes in the percent of borrowers in the Sensitive (60-69) or Very Sensitive (70-99) segments, as seen in Figure 3. chevron_left Blog Home. FICO® Resilience Index - Benchmarking Portfolio Resilience. FICO Admin. Thu, 12/19/2019 - 16:29. by David Binder.

Origination

Wharton Fintech

OCTOBER 12, 2023

It’s still spreadsheets, it’s still emails with dozens of investors and difficult to track correspondence. But zooming out, if you think about debt, which is really the only other way to finance your business — very, very little tooling is available to those finance leaders.

Agreements

FICO

FEBRUARY 10, 2023

Home Blog FICO Consumers Prioritize Mortgage Payments Over Auto What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend? Correspondingly, we have found that since 2020, borrowers have prioritized mortgage payments to lenders above auto loan payments.

Consumer

M2P Fintech

JULY 11, 2023

In this blog, our Code Specialist and Lead Software Development Engineer Janarthanan , will guide you through the intricate world of encryption and decryption logic using AES. In CFB mode, the IV is first encrypted and then XORed with the plaintext block to generate the corresponding ciphertext.

Encryption

FICO

AUGUST 3, 2022

A servicer might also use FRI values (together with corresponding FICO Scores) to manage their staffing. chevron_left Blog Home. FICO Resilience Index Enables Proactive Mortgage Servicing Strategies. FICO ® Resilience Index (FRI) augments the FICO Score with an additional dimension of credit risk insight. expand_less Back To Top.

Federal Reserve

FICO

NOVEMBER 1, 2017

My colleague Scott Zoldi blogged recently about how we use AI to build credit risk models. While scoring an individual, the score weights corresponding to the individual’s information are added up to produce the score. With 25 years of experience with AI and machine learning under our belt, we can certainly provide that proof.

Credit Risk

FICO

FEBRUARY 20, 2018

In my first blog about unsupervised learning , I took a deep dive into this machine learning technique, which draws inferences in the absence of outcomes. Springboarding from that blog, today’s post covers three categories of unsupervised learning that FICO has investigated, refined and put into our anti-money laundering (AML) solutions.

AML

Segpay

JUNE 13, 2024

The Service Provider Showcase on FedNow Explorer includes a growing list of more than 100 payment processors, correspondents, banking operations, and application providers to help financial institutions connect and amplify their network. FedNow Key features include: Real-time Payments: Enables funds to be transferred instantly, 24/7/365.

FedNow

FICO

OCTOBER 31, 2017

My colleague Scott Zoldi blogged a few years ago about how we use AI to build credit risk models. These have been discussed in other blogs. While scoring an individual, the score weights corresponding to the individual’s information are added up to produce the score. How Do You Build a Model with Limited Data?

Credit Risk

FICO

JUNE 20, 2022

In our last blog post , we discussed key considerations in the impact to the FICO® Score of Buy Now, Pay Later (BNPL) accounts being included in the consumer credit file based on our research on data from a major BNPL provider in the U.S. This blog is co-authored with Vice President, FICO Scores and Predictive Analytics, Ethan Dornhelm.

BNPL

FICO

APRIL 20, 2023

Growth in RTP = Growth in Scams With the global growth of RTP comes the corresponding global growth of authorized push payment fraud (APP fraud) , also widely known as scams. In 2022, UK Finance reported that nearly 41% of fraud losses were due to APP fraud, where individuals are conned into sending funds via RTP to criminals.

Real Time Payments

Nanonets

JULY 18, 2023

In this blog, we delve into the benefits and features of advanced AP automation solutions, comparing their capabilities to traditional methods. Bank Reconciliation NetSuite automates bank reconciliation by importing bank statements and automatically matching transactions with corresponding records in the system.

Automation

Nanonets

APRIL 12, 2024

This blog will discuss how you can manage invoices in Sage Intacct, empowering you to conquer invoice creation and processing and ensure a smooth financial workflow. Match the payment to the corresponding invoice, and the system will automatically update your financial records.

Automation

Nanonets

JULY 10, 2024

This tutorial blog examines some of the use cases of key-value pair extractions, the traditional and current approaches to solving the task, and a sample implementation with code. Even in the business world, invoices use this structure: items purchased are the keys, with prices as their corresponding values.

Database

Nanonets

OCTOBER 18, 2023

Based on the context of our blog, we will need to implement the following two stages using Llamaindex to provide the two inputs to our RAG mechanism - Indexing Stage: Preparing a knowledge base. Vector Store Index : Stores each Node and a corresponding embedding in a Vector Store, and queries involve fetching the top-k most similar Nodes.

API

Exact Payments

JANUARY 4, 2024

Keeping a documented list of all users requiring access to the card data environment, along with their corresponding roles, is crucial for merchants and service providers. Additional Resources From SecurityMetrics Top 5 PCI Blog Posts for SMBs PCI DSS Compliance FAQ: What is PCI Compliance?

PCI DSS

Nanonets

APRIL 19, 2024

In this blog, we will see how NetSuite's functionality can be extended internally, bringing external software into play with integrations. NetSuite connects with third-party applications and has broad functionality to cover most general use cases.

CRM

M2P Fintech

JUNE 30, 2023

In this blog, our developer Alwinraj Sahayaraj delves into the exciting world of SDK integration in Flutter using Method Channels. By leveraging the Method Channel, a developer can seamlessly integrate iOS and Android SDKs into their Flutter project, unlocking new functionalities and expanding their app’s potential.

Payment APIs and Integration

Nanonets

FEBRUARY 28, 2024

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. Each GL account is associated with corresponding GL code. What is a General Ledger?

Automation

Nanonets

MARCH 4, 2024

Nanonets Intelligent Automation, and Business Process AI Blog Lakshmi Gopal The next step is to set up your workflow in your expense management software. Read it by clicking the link below. 15 Best Spend Management Software Solutions in 2024 Explore the world of spend management software in 2024.

AI

Cardfellow

OCTOBER 26, 2022

Complaints mention that the letters were sent from or included correspondence from Payment Alliance International. The post Payment Alliance International Review appeared first on CardFellow Credit Card Processing Blog. Reviews on Facebook Payment Alliance International has a 2.8-star star review on its Facebook page.

ATM

Fintech Labs Insights

OCTOBER 9, 2015

Quoted at the Ripple blog , company CEO Chris Larsen referred to both new solutions as part of his team’s effort to modernize payment infrastructure for banks, increasing efficiency and lowering costs. Cross-Currency Settlement provides for fast, direct, bank-to-bank settlement that is an alternative to correspondent banking.

Cross-Border

Nanonets

NOVEMBER 20, 2023

In this blog, we embark on a journey into the world of cutting-edge invoice approval workflows, exploring the challenges faced in manual systems and unveiling the transformative power of innovative solutions. 3-Way Matching: Alignment of the invoice with the corresponding purchase order and receiving report in a 3-way matching process.

Payment Reconciliation

Nanonets

MARCH 4, 2024

An OCR integration was added to the expense management software resulting in 90% reduction in corresponding manual work along with data extraction accuracy exceeding 99%. Nanonets Intelligent Automation, and Business Process AI Blog Lakshmi Gopal 2. Nanonets Intelligent Automation, and Business Process AI Blog Jerica Kingsbury 3.

Process

Ikajo

FEBRUARY 24, 2022

These needs are exactly a determinant at the beginning of getting a platform because POP that will manage your payments should correspond to your business model. Because it is a universal and ready-to-go solution, basically, you need to choose a company that provides a POP according to your needs.

Payment APIs and Integration

Nanonets

JANUARY 10, 2024

  This blog post can guide you on everything you need to know about automatic replies in Gmail, from the basics of what they are to a step-by-step guide on setting them up and incorporating them into your daily communication strategy.

Automation