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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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Is First-Party Fraud a Credit Risk Problem?

FICO

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.

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Trade Ledger integrates Wiserfunding to advance credit risk mitigation

The Paypers

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.

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The Security Threat Of Bank-FinTech Collaboration

PYMNTS

Risk mitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk. “They manage credit risk and liquidity risk, and more traditional third-party risk verticals,” he said.

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Proactive Credit Management in a Fluid Tariff Environment

Trade Credit & Liquidity Management

Sellers may feel pressure to extend terms to maintain sales, but this increases their own exposure and financial risk, especially with elevated interest rates and tight liquidity. Credit managers need to monitor for signs of stress among borrowers in import-dependent sectors, as these are more likely to experience payment delays or defaults.

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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

For example, it manages borrower’s credit data and spots early financial signs. This helps lenders proactively tackle credit risks. Also, AI's predictive analysis forecasts borrower defaults and risk levels using data. AI aids loan decisions, assessing individual risk profiles for granting loans and setting rates.

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Understanding Risk Management Strategies as a PayFac

Stax

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.