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

PYMNTS

MARCH 23, 2020

But after years of finding SMBs too unprofitable to finance, lenders have to play catch-up to develop better underwriting processes for greater accuracy and efficiency. “But at the same time, they have all lacked a credible tool to conduct an assessment of these [SMBs] in an independent way.”

Underwriting

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Risk Assessment

Nanonets

SEPTEMBER 27, 2024

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These include customer applications, financial records, medical reports, and external risk assessments such as geographic or weather-related data.

Underwriting

Stax

DECEMBER 20, 2023

From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. What Is Merchant Underwriting?

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 process is critical for payment processors, who must determine whether a business poses a high financial risk. 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

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

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

Fintech News

SEPTEMBER 4, 2024

Jenfi uses a proprietary risk assessment engine that evaluates both a business’s creditworthiness and its marketing growth efficiency. This integration provides Jenfi with real-time data on a company’s revenue growth and marketing return on investment, enabling continuous monitoring and fast underwriting decisions.

FinTech

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. .” ” With ZestyAI models, carriers are able to move from territory-based segmentation to a property-by-property risk assessment.

Risk

Nanonets

DECEMBER 13, 2023

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. When errors occur, the system can adapt and improve over time through continuous learning, ultimately enhancing the accuracy of future data extractions.

AI

Finovate

SEPTEMBER 23, 2024

The technology will also proactively adjust portfolios based on market trends, economic forecasts, and client life changes, continuously aligning investments with a client’s long-term goals. This offers financial institutions an effective way to reduce fraud risks and improve compliance with regulatory requirements.

AI

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. Rapid Expansion. Technology, Partnerships Address the Gaps. ”

Small Business

PYMNTS

NOVEMBER 3, 2020

The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. Firms can bolster risk management, loan and debt underwriting, portfolio optimization, supply chain risk management and investment idea generation, the release stated.

Credit Risk

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management

The Fintech Times

MARCH 29, 2024

From enhancing risk assessment accuracy to personalising products and services, insurers are leveraging data analytics to optimise decision-making processes, mitigate risks and cater to evolving consumer needs. “At Cowbell, we are actively assessing the cyber risk posture of over 39 million businesses in the US and the UK.

Risk Assessment

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. TL;DR Four main types of risks come with payment facilitation: compliance risks, operational risks, transactional risks, and reputational risks.

Risk Management

FICO

NOVEMBER 30, 2016

These intelligent scores can be used to assess risk in the underwriting process for cyber security insurance, an exploding category that CFO magazine calls a “must have” : “A September [2016] survey by the Risk and Insurance Management Society found that 80% of the companies bought a stand-alone cybersecurity policy in 2016.”

AI

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. by Doug Clare.

Risk

The Payments Association

MAY 9, 2025

While lending remains a barrier, financial enablement, such as instant onboarding, merchant services, and access to global payments, is equally important for business continuity and growth. Common issues include: Standardised risk assessments that overlook innovative or early-stage firms.

Finance

Nanonets

APRIL 11, 2023

The need to minimize risk and maintain loan portfolio quality : In a volatile economic environment, lenders must carefully manage risk to protect their loan portfolios and maintain financial stability. This includes borrower information, income, and other relevant details required for underwriting.

Origination

PYMNTS

APRIL 16, 2019

“Young people, self-employed people, recent immigrants — the tools available often end up being very blunt measures to answer a very sophisticated question about the risk associated with making that loan,” he said. The time is coming, he said, to get beyond the personal loan and into the other flavors of credit that are critical to consumers.

Risk

PYMNTS

NOVEMBER 15, 2018

As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. That same information is key to alternative and traditional lenders, which need this data to underwrite their financing.

B2B

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. In the pre-2008 world, there was a genuinely failure in underwriting and risk assessment, as banks handed out mortgage loans to people who could not afford them.

Underwriting

The Fintech Times

JULY 30, 2024

By leveraging payment transaction data and providing loan underwriters with real-time credit data, Network International hopes to enable its SME merchants to access new sources of capital. “We are proud to empower the SME merchants with financing opportunities so that the UAE market can continue to cultivate a thriving SME sector.

Underwriting

PYMNTS

AUGUST 28, 2017

The machine learning study compared results from a Ford Credit scoring model with a machine learning model developed by ZestFinance using its underwriting platform to do deeper analysis of applicant data. Machine learning-based underwriting will be a game-changer for lenders, opening entirely new revenue streams.

Credit Risk

The Fintech Times

DECEMBER 6, 2023

. “In 2024, Pattern expects to see continued growth in the travel, registration and booking space, as well as expansive opportunities to leverage our embedded service platform (Flexit) allowing distributors maximum flexibility to support the cancellation needs of their customers.

FinTech

PYMNTS

JUNE 16, 2016

Its biggest plan, reports said, is to use QuadMetrics’ capabilities in predictive analytics and risk assessment strategy to create an “enterprise security score” for business customers. FICO said it hopes to provide a tool to underwrite companies’ cybersecurity levels.

Security

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.

AI

PYMNTS

FEBRUARY 20, 2020

However, according to Eric Glyman, CEO and Co-founder of corporate card company Ramp , commercial card products continue to encourage businesses to spend more, not less — and they are often unable to address the particular spend management challenges of fast-growing businesses.

Commercial Card

Payment Savvy

APRIL 14, 2021

These processes don’t just assess new merchants; the monitoring continues for approved and boarded merchants. If any unusual activity is spotted, it is reported, and the merchant must ensure all card brand rules are being followed to not risk losing their processing account. The risk review lies with the acquiring banks.

Acquirers

FICO

JUNE 23, 2023

offering continuity and stability for lenders, investors, and consumers. The updated model reflects the evolving credit landscape and credit behavior to help better inform a higher level of consumer credit risk prediction. mortgages, auto loans, credit cards, etc.)

Credit Risk

Nanonets

APRIL 5, 2023

This article will explore the benefits of using automation to filter customers early on in the lending process, including how it can help lenders minimize risk, improve efficiency, and increase profitability. Filtering customers based on income and savings, in addition to credit scores, can be a stronger predictor of mortgage risk.

Automation

PYMNTS

JUNE 13, 2016

alternative lending industry continues to face a bumpy road — whether from struggling alt-finance players, corporate scandals or incoming regulation — reports are highlighting yet another hurdle headed its way. As the U.S. Reports by Reuters on Friday (June 10) said loan stacking is emerging as the latest threat to marketplace lenders.

Risk Mitigation

FICO

APRIL 28, 2023

Credit Risk Assessment Trends For a couple of decades now, there has been a growth in the use of alternative data (i.e., consumer data not included in the traditional credit file) for credit risk assessment. Last, but certainly not least, we will continue to strive to engage more U.S.

Credit Risk

FICO

SEPTEMBER 18, 2020

Our FICO Cyber Risk Score is becoming the de-facto cyber risk score for enterprise self-assessment, third-party risk management and insurance underwriting. . As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

Risk