PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Waiting until account holders fall behind to take action not only meant that customers’ credit scores would take a hit before their banks were alerted to a problem, but also that banks would lose the revenue from the scheduled payment.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

Bank Automation

MARCH 18, 2024

In the dynamic world of financial services, the need for rapid and precise credit decisions has never been more crucial. This demand is driving a transformative shift towards leveraging Artificial Intelligence (AI) and automation to redefine credit and risk assessment strategies.

Credit Risk 83

Credit Risk Automation AI Risk 83

The Paypers

NOVEMBER 29, 2023

Global integrated risk assessment firm Moody’s has started developing an artificial intelligence model in order to upgrade its credit risk and KYC checks.

Credit Risk 28

Credit Risk Checks Risk Risk Assessment 28

PYMNTS

JANUARY 13, 2020

Credit Risk. Core use cases that are getting a lot of traction, Dhala said, involve credit risk. Any marginal improvement in terms of modeling or accuracy can result in significant gains because there’s a reduction in credit losses. AI can also help to spot credit risk.

Credit Risk 83

Credit Risk AI Risk Issuers 83

FICO

FEBRUARY 28, 2020

Having worked in credit risk for most of my career during the revolution in analytics, it continues to concern me that the collections and recoveries (C&R) divisions of banks seem to be left behind. Innovations in credit risk analytics that have been widely adopted in other risk areas rarely get used at the C&R level.

Credit Risk 52

Credit Risk Risk Origination Innovation 52

PYMNTS

JANUARY 24, 2019

Also, what’s a simple and legitimate matter of credit risk ? Criminals have learned how to exploit situations in which fraud might — initially, but for a meaningful period of time — look like an issue of credit risk, which can make so much of fraud prevention reactive, not proactive. Here’s a test: What’s fraud?

Credit Risk 69

Credit Risk Risk Fraud Prevention Account Takeovers 69

FICO

APRIL 6, 2017

Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Take, for example, our new credit decisioning solution, FICO Origination Manager Essentials – Small Business. It’s designed to help lenders make faster origination decisions without increasing risk.

Credit Risk 96

Credit Risk AI Risk Origination 96

FICO

NOVEMBER 1, 2017

With all the hype around artificial intelligence, many of our customers are asking for some proof that AI can get them better results in areas where other kinds of analytics are already in use, such as credit risk assessment. My colleague Scott Zoldi blogged recently about how we use AI to build credit risk models.

Credit Risk 71

Credit Risk Risk AI Assessments 71

FICO

AUGUST 16, 2019

It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group. The Relationship Between Credit Risk and First-Party Fraud. Credit Risk and Fraud Across the Customer Lifecycle.

Credit Risk 40

Credit Risk Risk Identity Theft Account Takeovers 40

FICO

OCTOBER 31, 2017

With all the benefits of artificial intelligence, many of our customers are wanting to leverage machine learning to improve other types of analytic models already in use, such as credit risk assessment. My colleague Scott Zoldi blogged a few years ago about how we use AI to build credit risk models. default rate.

Credit Risk 52

Credit Risk Risk AI Regulations 52

FICO

NOVEMBER 15, 2017

Most of the time traits are not measured in just one exercise within the EFL credit assessment but in many across the assessment. These two examples show intuitively how different insights from an applicant can actually be used to predict credit risk. The post Credit Scoring: Which Personality Traits Predict Credit Risk?

Credit Risk 80

Credit Risk Risk Assessments Financial Inclusion 80

FICO

APRIL 27, 2017

Sovcombank, a universal bank with more than 2 million customers, is using the score to “gamify” the credit application process. The EFL credit risk score is created through a dynamic behavioral design and psychometric assessment that analyzes character traits with a proven relationship to credit risk.

Credit Risk 66

Credit Risk Assessments Risk Financial Inclusion 66

The Paypers

SEPTEMBER 30, 2021

HSBC has launched a new solution on Google Cloud to manage credit risk more efficiently in its trading portfolio.

Credit Risk 28

Credit Risk Risk 28

FICO

APRIL 5, 2017

. Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Take, for example, our new credit decisioning solution, FICO Origination Solution, Powered by FICO Platform. It’s designed to help lenders make faster origination decisions without increasing risk.

Credit Risk 52

Credit Risk AI Risk Origination 52

PYMNTS

MAY 1, 2020

This way, he said, issuers can focus on the 90 percent of their customer base that will prove to be a good credit risk , and who can become even stronger customers in the future.

Credit Risk 61

Credit Risk Risk AI Consumer 61

PYMNTS

AUGUST 24, 2016

Could tax liens and judgments soon be excluded from credit risk calculations? Both have an impact on people’s credit scores, making it harder for some people to access credit. VantageScore removed all tax liens and civil judgments from a random sample of credit files from 4 million consumers in an analysis.

Credit Risk 40

Credit Risk Risk Consumer Finance 40

FICO

OCTOBER 11, 2018

Pacific: New Frontiers in Credit Risk Scoring for a Consumer-Centric Era. Consumer awareness of their credit files and FICO® Scores has never been higher. The post Exploring New Frontiers in Credit Risk Scoring at Money 20/20 appeared first on FICO. October 24 at 10:55 a.m.

Credit Risk 40

Credit Risk Risk Financial Inclusion Origination 40

PYMNTS

AUGUST 28, 2017

They are typically a good credit risk and are expected to command $1.4 trillion in spending by 2020, but many lack the financial history needed to pass a traditional credit check,” said ZestFinance founder and CEO Douglas Merrill in the same press release.

Credit Risk 41

Credit Risk Assessments Risk Underwriting 41

Fintech News

APRIL 16, 2024

This collaboration aims to introduce AI-led credit risk management to KBZ Bank, enhancing its ability to assess creditworthiness across retail and SME products with greater accuracy and efficiency. These advancements are expected to lower credit risks and enhance operational efficiencies within the bank’s lending operations.

Credit Risk 113

Credit Risk Risk Management AI Assessments 113

Bank Automation

SEPTEMBER 23, 2024

Auto lenders are incorporating artificial intelligence into their processes to improve customer service automation and credit decisioning while eyeing uses for underwriting.

AI 81

AI Underwriting Credit Risk Automation 81

The Paypers

MARCH 23, 2018

(The Paypers) Basisbank, an online lender in Scandinavia, has partnered FICO , an analytics software company, to control credit risks and boost its digital services.

Credit Risk 28

Credit Risk Risk 28

PYMNTS

OCTOBER 3, 2017

French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). Tinubu Square’s customers are credit and surety insurers, trade finance banks and export credit agencies, according to reports.

Credit Risk 40

Credit Risk Risk Risk Management Addressing 40

PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement.

Central Bank 59

Central Bank CBDC Credit Risk Bitcoin 59

Payments Source

NOVEMBER 17, 2020

Business e-mail compromise is a particular risk, says Nvoicepay's Josh Cyphers.

Credit Risk 71

Credit Risk Risk ACH Compromise 71

FICO

MARCH 28, 2017

Hard sums and data isn’t just for the banking bunker – it has power to transform any business that needs to minimize bad debts and make the right kind of credit decisions. The post How to Rate Trade Credit Risk – Without Much Data appeared first on FICO.

Credit Risk 49

Credit Risk Risk Credit Limit Assessments 49

The Paypers

MARCH 13, 2018

(The Paypers) Payments Canada has announced the implementation of a new credit risk model for the country’s retail payment system, effective March 12, 2018.

Credit Risk 28

Credit Risk Retail Payments Risk Payments 28

The Fintech Times

APRIL 16, 2024

With this move, KBZ Bank will help accelerate the adoption of AI-led credit risk management in Myanmar. This will result in lower credit risks, higher approval rates and greater operational efficiency for the bank’s lending business. The collaboration will enable real-time, paperless loan assessments.

Checks 69

Checks Credit Risk Risk Management Assessments 69

Finextra

JULY 17, 2024

Stratyfy, a women-led fintech confronting bias in AI and optimizing credit risk decisions with transparent machine learning solutions, today announced its strategic partnership with Prism Data, a leading cash flow underwriting and data analytics platform.

Underwriting 52

Underwriting Credit Risk AI Risk 52

Finextra

JULY 23, 2024

GDS Link, a leading player in credit risk management, is pleased to announce a partnership with the open banking provider, Atto.

Credit Risk 52

Credit Risk Risk Management Risk 52

Payments Dive

DECEMBER 14, 2022

Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

Credit Risk 89

Credit Risk Risk Consumer Payments 89

Finextra

APRIL 10, 2024

Atto, a leading provider of credit risk solutions using transactional data, is thrilled to announce a strategic partnership with Fico, a global analytics software leader, for the UK market.

Credit Risk 52

Credit Risk Process Risk Transactions 52

The Paypers

AUGUST 30, 2024

Lemon has entered into a partnership with WiserFunding , a provider of alternative data for credit risk assessment, to expedite credit decisions for SMBs.

Risk Assessment 36

Risk Assessment Credit Risk Assessments Risk 36

Finextra

APRIL 11, 2024

Genesis Global launched a new solution to automate bank processes for offsetting credit risk in lending and financing businesses.

Automation 52

Automation Process Credit Risk Risk 52

The Fintech Times

JULY 16, 2024

By leveraging line-by-line transaction data, Recap’s credit risk engine can assess a merchant and return a funding offer in under two minutes without any further underwriting requirements such as a credit check on the owner or management accounts or business bank statements.

ATM 95

ATM Transactions Credit Risk On-Demand 95

Fintech Finance

JULY 15, 2024

By leveraging line-by-line transaction data, Recap’s credit risk engine can assess a merchant and return a funding offer in under two minutes without any further underwriting requirements such as a credit check on the owner or management accounts or business bank statements.

ATM 105

ATM Credit Risk On-Demand Underwriting 105

The Fintech Times

AUGUST 17, 2024

This collaboration enables Abound to assess borrower affordability more accurately by leveraging D•One’s transaction categorisation prowess, aiming to broaden access to affordable loans while reducing credit risk.

AI 64

AI Assessments Credit Risk Financial Inclusion 64

Fintech Labs Insights

SEPTEMBER 16, 2015

Metrics: Ormsby Street is founded as a pin-off from BCSG, which owned a simple credit risk product originally dating back to 2008. The post Ormsby Street Presents its New Credit Risk Solution, CreditHQ appeared first on Finovate. Presenting Martin Campbell (Managing Director). Product Launch: January 2015.

Credit Risk 27

Credit Risk Risk B2C Origination 27