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WSECU Invests in AKUVO to Modernize Collections and Credit Risk Management

Finovate

The investment will help AKUVO expand its cloud-native collections and credit risk solutions, enhancing efficiency and customer experience for banks, credit unions, and fintechs. Digital collections and credit risk platform AKUVO landed a new round of funding today. .”

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The battle for merchant deposits: How the fintech sector is challenging banks’ core business

The Payments Association

Companies like Stripe and Adyen are captivating merchants with cutting-edge payment solutions beyond basic credit card processing. While banks still hold the majority of merchant relationships and dominate acquiring market share in most regions, they face an existential risk. .” This is where merchant deposits come into play.

FinTech 88
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Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

As consumer expectations for frictionless payments grow, merchants face the dilemma of introducing security measures that can inadvertently disrupt the user journey, risking customer dissatisfaction or abandonment. MacKenzie highlighted this tension: Customers demand a zero-friction experience, especially in e-commerce and retail.

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How BNPL Is Changing Consumer Credit Expectations

Fi911

Usage was highest among consumers aged 25 to 34, many of whom report using BNPL as a budgeting tool rather than as a form of credit. Changing Attitudes Toward Creditworthiness BNPL providers typically use alternative underwriting models, many of which avoid hard credit pulls. BNPL offers an alternative.

BNPL 52
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Atome Secures US$75M Debt Facility to Boost Lending in the Philippines

Fintech News

The funding is aimed at improving access to credit in the country and comes amid growing demand for mobile-first financial solutions. Its local operations focus on offering credit products to Filipino consumers, with an emphasis on responsible lending.

Security 117
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Banking on Intelligence: The Global Sprint to AI Maturity in Finance

Finextra

From virtual assistants to risk modeling and hyper-personalized customer experiences, banks are betting big on AI to transform operations, reduce costs, and redefine digital engagement. On the risk and operations side, common uses include fraud detection, anti-money-laundering pattern detection, credit risk scoring and trading optimization.

AI 69
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Are Commercial Credit Bureau Reports Enough?

Trade Credit & Liquidity Management

Traditional credit reports provide a valuable foundation, but they’re no longer enough on their own. In this data-driven economy, risk assessment demands more than simply evaluating whether a customer will pay their bills. Here’s where credit bureau reports fall short: 1.