FICO

JANUARY 21, 2020

FICO is a world leader in credit scoring, with credit scores in some 30 countries. The Empirica Score features the following two components: An Account Origination score, which rates the risk of a credit applicant at account origination. Account Origination Analysis Shows Downward Shift in Risk.

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Credit Risk Risk Economy Origination 52

FICO

AUGUST 28, 2017

When it comes to using alternative data in credit risk assessments, the field has really opened up over the last few years. Here is useful information on how to assess alternative data and combine it with so-called traditional data to improve credit risk models. Multiple Types of Alternative Data. How Much Value?

Credit Risk 52

Credit Risk Risk AI Assessments 52

FICO

OCTOBER 21, 2021

How can lenders best measure and manage credit risk, given the disruptive patterns in consumer behaviour over the last 18 months? Last week a FICO team met with chief risk officers from some of the biggest UK banks to discuss these and other challenges, at our UK CRO Summit.

Risk Management 52

Risk Management Risk Credit Risk Assessments 52

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

JUNE 26, 2020

Analysis of FICO® Resilience Index data by Tom Parrent, former chief risk officer for Genworth Financial, shows that from 2010 to 2015, nearly 600,000 additional mortgages could have been originated to consumers with FICO® Scores between 680 and 699, had the FICO® Resilience Index been available to lenders at the time.

Credit Risk 98

Credit Risk Risk Assessments Origination 98

FICO

MARCH 15, 2018

Origination Scores Offer Targeted Insight. Origination scores add significant value above and beyond the FICO ® Score, which is based solely on the data found in a consumer’s credit bureau file. There can be nuanced differences in the risk patterns and trends for this population relative to those of the holistic customer (i.e.,

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Origination Risk Underwriting Credit Risk 40

PYMNTS

NOVEMBER 15, 2016

14) that the company is entering the small business finance space with a new platform that adds to its existing consumer lending, credit risk and portfolio risk management offerings for financial institutions. Reports said Monday (Nov. ”

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Origination Small Business NOV Credit Risk 66

PYMNTS

JUNE 1, 2020

invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding , according to a report in Crowdfund Insider on Friday (May 29). s SMEs if they combine the various innovations from the FinTech space, insurance and risk management sectors.”.

Risk Assessment 67

Risk Assessment Risk Management Underwriting Credit Risk 67

FICO

DECEMBER 8, 2022

This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. risk that only manifests during periods of economic stress) more precisely. Enhanced portfolio credit risk management loss forecasting accuracy.

Addressing 52

Addressing Risk Credit Risk Risk Management 52

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Here are three key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage. Risk in Bankcard Originations on the Rise.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. Additionally, the rise in shadow banking poses questions about the true extent of risk in the financial system.

AI 117

AI Risk Non-Bank On-Demand 117

FICO

FEBRUARY 16, 2022

Rejection rates have always been higher among micro-businesses, small and medium-sized enterprises, due to the higher costs of serving customers, higher risk profiles for banks, alongside a lack of traditional data to enable accurate evaluation. The models also helped in originations. reducing ‘the time to yes’ for new customers.

Transactions 52

Transactions Small Business Origination Credit Risk 52

FICO

DECEMBER 8, 2022

In both the real and metaphorical example, it would be helpful to have additional upfront insight about how people might respond to stress, as it becomes more challenging to manage behavior once they are “through the door.”. Traditional underwriting risk management strategy approach in stressed versus unstressed economy.

Addressing 52

Addressing Risk Underwriting Risk Management 52

FICO

JANUARY 4, 2018

“By contrast, growth in student loan debts outpaced inflation, being both greater in number as well as balances; this undoubtedly creates a drag on capacity for other forms of consumer credit.”. A New Way to Score Credit Risk – Psychometric Assessments. Using Alternative Data in Credit Risk Modelling.

Posting 58

Posting Risk Credit Risk Regulatory Compliance 58

FICO

APRIL 24, 2023

Trust Bank is setting a precedent for financial services by onboarding an individual and delivering a credit card to them digitally on their phone within four minutes, creating a seamless digital onboarding process for new customers. Trust Bank designed a great origination process and made use of the technologies in an innovative way.

Near Real-Time 52

Near Real-Time Risk Management Credit Cards Risk 52

FICO

NOVEMBER 25, 2020

Petr Kapoun is chief risk officer at Home Credit Russia, part of the Home Credit Group, which operates in nine markets worldwide. He has more than 15 years of experience in credit risk management, mainly within the Retail and Small business areas. In his previous position, he led retail risk management at ?eska

Credit Risk 52

Credit Risk Risk Management Risk Small Business 52

FICO

DECEMBER 8, 2022

Leveraging FICO Resilience Index to refine credit risk management decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio risk management approach over time. Of course, credit risk management is only one aspect of portfolio health.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

PYMNTS

APRIL 6, 2017

The company said Wednesday (April 5) that it is rolling out its Origination Manager Essentials solution for mid-market banks and credit unions. “Origination Manager Essentials delivers banks the same technical advantage so they can compete on experience and relationships rather than technology,” the company said.

Credit Union 40

Credit Union Small Business Risk Assessment Origination 40

M2P Fintech

JANUARY 28, 2025

From origination to servicing, Finflux by M2P delivers unmatched flexibility and scalability, making it an ideal choice for NBFCs, banks, credit unions, fintech companies, microfinance institutions, and lending institutions of all sizes. Flexible repayment terms and diverse interest calculation methods enhance customer experience.

Payment APIs and Integration 52

Payment APIs and Integration BNPL Regulatory Compliance Compliance 52

FICO

APRIL 29, 2016

“Success comes from a thoughtful combination of long term strategy and short term delivery,” said Ivan Cavinato, head of credit risk management at Unicredit. For Italy’s Unicredit, building a customer origination system on state-of-the-art FICO technology was just the beginning.

Credit Risk 40

Credit Risk Risk Management Processors Risk 40

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion Risk Management Consulting 52

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Payment APIs and Integration 53

Payment APIs and Integration Rules FinTech API 53

FICO

NOVEMBER 22, 2018

I will share recent analysis done in Russia, where more than half of the top Russian banks use FICO Scores delivered by NBKI, but most are only using the scores for Account Origination. The FICO® Score has been available in the Russian market through the National Bureau of Credit Histories (NBKI) since 2008. The FICO Score in Russia.

Accounts 45

Accounts Origination Risk Credit Risk 45

FICO

FEBRUARY 18, 2021

Here are our five recommendations for credit risk managers. Consider all your customer risk segments. Those are the ones who will keep the portfolio afloat, providing profit while the onboarding / origination diminished. Also, honor those customers who kept the relationship while in turbulent times.

Risk 59

Risk Credit Risk Advisors Adjustments 59

Nanonets

APRIL 5, 2023

In the world of lending, risk management is crucial to success. But with a growing number of loan applications and an increasing number of delinquencies, how can lenders effectively manage risk without sacrificing efficiency? Automate processing of borrower credit documentation in various formats.

Automation 52

Automation Process Risk Assessment Assessments 52

Fintech News

OCTOBER 28, 2024

Wimika RMS Technologies Ltd (Nigeria) The Wimika team is composed of seasoned professionals with diverse, yet complementary, expertise covering cybersecurity, software engineering, product management, insurance, fintech, digital fraud prevention, risk management, legal and leadership.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

FICO

MARCH 21, 2023

Like in years past, we also surveyed SFVegas 2023 attendees on the overall economic climate and how they use credit scores to support securitization risk management. Investors and other secondary market participants want a credit score that is predictive of credit risk and proven over time.

Participant 52

Participant Credit Risk Risk BNPL 52

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. embedded finance market is determined to be worth $ 20 billion , with many organizations looking to implement solutions that reduce friction, streamline processes and support origination. By combining J.P.

AI 59

AI B2B Finance Underwriting 59

FICO

MARCH 18, 2021

Federal Reserve recently slashed interest rates to 0%, but the lockdown effect still saw many at-risk businesses close. Concentrations of risk – It’s worth being extra vigilant as to where exposure to credit risks are highest – be it by geography, region, commercial sector or customer segment. by Michelle Beetar.

Risk 52

Risk Federal Reserve Assessments Credit Risk 52

FICO

AUGUST 30, 2019

Decisioning models based on analytics are transforming Origination, Account Management, Credit Risk Management, Collections and Recovery, Marketing and many other business processes as well.

Credit Risk 40

Credit Risk Financial Crimes AI Governance 40

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Those effects, however, were short-lived.

P2P 54

P2P Origination Underwriting Returns 54

FICO

JANUARY 15, 2021

In our top post, Vice President and General Manager of Scores, Sally Taylor explained the new FICO Resilience Index, designed to provide lenders with a more precise assessment of consumer credit risk and consumers with demonstrated talent for weathering economic storms greater access to credit.

Posting 59

Posting Agreements Credit Cards Consumer 59

FICO

JANUARY 19, 2023

Here are my three predictions for risk management and customer treatment in 2023. How credit and debit card spending and borrowing are changing over time. Acceleration of Hyper-Personalised Insights and Treatments Insight is everything. How savings that were built up during the pandemic are being drawn down over time.

Risk 52

Risk Non-Bank Credit Risk Continuity 52

PYMNTS

JUNE 7, 2018

It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and product to keep from being dragged down by bad loan performance. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.

Small Business 49

Small Business Underwriting Product Risk 49

M2P Fintech

FEBRUARY 28, 2025

Business/SME Loan Management System Business/SME loan management softwares key functions, such as loan origination , underwriting, servicing, and repayment, enable lenders to efficiently manage the entire loan lifecycle. Improved risk management and compliance. Improved risk management for lenders.

Payment APIs and Integration 52

Payment APIs and Integration Assessments Compliance Best Practices 52

Fintech Labs Insights

JULY 7, 2016

Auto lending loan origination service (LOS) provider defi SOLUTIONS will soon offer lenders a full-service analytics and reporting platform. The reporting feature of ANALYTICS will enable lenders to track loan originations, as well as credit risk performance and profitability.

Origination 16

Origination Credit Risk Risk Management Consulting 16

PYMNTS

OCTOBER 31, 2016

This week we got something of a combo platter of those theories: Millennials are shunning credit cards because they’ve been denied in the past, and, well, rejection hurts. They are the original “get big, worry about profit later” web tech firm. But Amazon is never afraid of a little loss or a few irritable investors.

Credit Cards 43

Credit Cards Push-to-Card Federal Reserve Consumer 43