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

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

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 100

Credit Risk AI Risk Management Assessments 100

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

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

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 67

Checks Credit Risk Risk Management Financial Inclusion 67

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 Digital Currency 59

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

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

Fintech News

MAY 15, 2024

The company maintained a prudent approach to credit risk, with non-performing loans (over 90 days past due) at 2% of the loan portfolio. Featured image credit: Grab The post Grab’s Digibank Deposits Reach US$479M, Driven by Growth of Malaysia’s GXBank appeared first on Fintech Singapore.

Non-Bank 134

Non-Bank Credit Risk Compliance Risk 134

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

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

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

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

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 88

Credit Risk Risk Consumer Payments 88

The Paypers

APRIL 10, 2024

UK-based credit risk solutions provider Atto has partnered with analytics software company FICO to integrate Open Banking data into UK credit scoring.

Credit Risk 41

Credit Risk Risk 41

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

The Paypers

MARCH 11, 2020

Trade Ledger and Wiserfunding have teamed up to allow banks and alternative finance providers to assess their mid-market commercial customers for secured and unsecured credit.

Risk Mitigation 28

Risk Mitigation Credit Risk Mitigation Risk 28

The Paypers

SEPTEMBER 18, 2023

Singapore-based Credolab has partnered with Circulo de Credito to provide innovative credit, risk, and fraud scoring solutions to Mexico.

Credit Risk 53

Credit Risk Risk Innovation 53

FICO

JUNE 23, 2023

The updated model reflects the evolving credit landscape and credit behavior to help better inform a higher level of consumer credit risk prediction. The validation results for FICO Score 10 T demonstrate improved credit risk prediction for this segment of the population.

Risk Assessment 52

Risk Assessment Credit Risk Assessments Risk 52

Payments Source

AUGUST 6, 2020

One of the few clear implications from the initial two months of the lockdown with the changes to consumer behavior and the uncertainty ahead is the imperative for organizations to regain clarity on credit risk by obtaining a more complete picture of consumer creditworthiness, says LexisNexis Risk Solutions' Ankush Tewari.

Credit Risk 115

Credit Risk Risk Payments Consumer 115

The Paypers

OCTOBER 11, 2023

US-based lending provider EDOMx has partnered with B2B SaaS fintech finbotsAI to enable credit risk management using AI.

Credit Risk 48

Credit Risk Risk Management B2B AI 48

FICO

JUNE 2, 2023

While FICO may be the foremost champion of using safe and reliable alternative data, we also recognize both the opportunities and limitations of incorporating alternative data into credit risk assessment. Can Arkali Can Arkali joined FICO in 2002 where he developed and delivered credit risk models for leading financial institutions.

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

The Paypers

NOVEMBER 7, 2023

Plaid has created a new entity that will build solutions for customers who want ready-made credit risk insights from consumer-permissioned cash flow data.

Credit Risk 36

Credit Risk Risk Consumer 36