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Understanding the Different Types of Credit Risk

Finezza

Credit risk continues to remain one of the areas of concern for a majority of traditional and new-age lenders. Additionally, new-age lenders often cater to underserved or high-risk segments, increasing the […] The post Understanding the Different Types of Credit Risk appeared first on Finezza Blog.

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Broadstone buys Vestigo to deepen credit risk capabilities

Finextra

Broadstone, a leading independent pensions, employee benefits, investments and insurance consultancy, announces the acquisition of Vestigo Partners Limited (Vestigo), an experienced and dynamic analytics and credit risk consultancy established in 2017.

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FICO Partners and Atto partner for credit risk modelling

Finextra

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.

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Bloomberg To Incorporate Credit Risk Data

PYMNTS

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. Clients will also be able to use the data for an enterprise use case, the release stated.

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Why AI’s Early Adopters Are Laser-Focused On Credit Risk And Payments

PYMNTS

These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. This vital task is complicated even in normal times due to the multitude of financial risk factors in play at any given time. percent expect these systems to improve credit/portfolio risk.

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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

FICO

Credit Risk and FICO Score Trends? credit risk and FICO® Score trends. At the same time, increasing adoption of recent innovations in credit scoring solutions should benefit consumers, leading to greater consumer empowerment opportunities and credit access.

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NEW REPORT: The Banks’ How-To Guide To Using AI To Manage Credit Risk

PYMNTS

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.