The Payments Association
MARCH 18, 2025
In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. For payments providers, this blurs the line between transaction services and credit enablement, with implications for product strategy and partnerships.
Fintech News
JUNE 11, 2025
Add to this a potentially leaner cost structure that skips commissions and branches, and Grab motor insurance in Singapore could deliver more competitively priced premiums without sacrificing margins.
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PYMNTS
DECEMBER 17, 2019
“Any time there’s a third party, there’s going to be an element of cost that’s baked in — and sometimes that cost is reasonable, and sometimes it’s excessive,” he said. If I become an ACH originator, and I don’t use a third party, I control the application, the underwriting; I can on-board people faster.
EBizCharge
MAY 8, 2024
Simplified onboarding: The PayFac handles the underwriting and due diligence by evaluating and verifying businesses for eligibility, usually with quick approval turnaround times. Risk and compliance: PayFacs assume responsibility for underwriting and compliance risks as they onboard and manage sub-merchant accounts.
PYMNTS
OCTOBER 3, 2017
Banks, when it comes to small business, just aren’t really paying too much attention to them … from a cost structure standpoint, they just don’t make enough money dealing with them,” he said. But, Okeshola noted, speed is not infinitely useful as a factor in underwriting decisions. “I
PYMNTS
APRIL 23, 2018
Traditional banks are starting to feel the disintermediation pinch by alternative lenders who lack their legacy infrastructure and cost structures and use digital-first, artificial intelligence-powered processes to underwrite risk and extend credit instantly.
CB Insights
JUNE 3, 2020
Digital life insurance startups offering easier underwriting processes for life insurance (like requiring no medical exam) are already seeing an increase in applications as customers don’t want to deal with agents or medical exams in the time of social distancing. One such company, Bestow , raised a $50M Series B in April. .
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