PYMNTS

NOVEMBER 17, 2020

Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said. Targeting FIs, Nucleus Software has rolled out its latest technology with a focus on supply chain risk mitigation. Nucleus Software Debuts Supply Chain Tech For Banks.

Finance 99

Finance FinTech Risk Mitigation Non-Bank 99

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. The company issued a press release on Thursday (Jan.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

Stax

JANUARY 8, 2024

PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. Operational risks Also known as strategic risks, these are risks that may stem from a PayFac’s unsound business practices or faulty decision-making.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

PYMNTS

OCTOBER 7, 2016

” Financial institutions today are also struggling to connect the dots between all of the ways they use data analytics to mitigate risk and add value to their lending operations, added Horrocks. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process.

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

PYMNTS

JUNE 17, 2020

Gianluca Pizzituti , CEO and co-founder of invoice financing platform Velotrade , told PYMNTS about the risks financiers must mitigate in the trade finance arena, the role of data in mitigating those threats, and the evolving role of invoice finance to help B2B companies endure the most volatile market many have seen in years.

Finance 68

Finance Mitigation B2B Underwriting 68

Fintech Finance

FEBRUARY 24, 2025

This partnership cements CredAble’s position as a trusted working capital financing tech platform for global banks and financial institutions, setting the stage for future innovation in digital onboarding and underwriting. ” said Satyam Agrawal , MD, Global Head of BaaS, SME and Analytics of CredAble.

AML 59

AML Underwriting Security Verification 59

PYMNTS

JULY 3, 2018

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. “Lenders’ primary goal is to assess a consumer’s stability, ability and willingness to pay.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

JULY 31, 2019

That bank connectivity allows a company like MO to deploy a different tactic in loan underwriting and risk mitigation, Shidfar explained. Access to bank account data means the ability to use artificial intelligence and learning technology to analyze a business’ spend, revenue and savings.

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. Rapid Expansion. Technology, Partnerships Address the Gaps.

Small Business 63

Small Business Underwriting Risk Cybersecurity 63

FICO

FEBRUARY 7, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science. To learn more, read our Executive Briefing Understanding Your Cybersecurity Posture.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

PYMNTS

FEBRUARY 20, 2020

This week’s exploration of the latest in bank-FinTech collaborations and data integrations finds an opportunity for accounting portals to drive customer loyalty through data connectivity, while lenders embrace strengthened risk mitigation by looping directly into borrower data. Plus, a major U.S. As the U.S.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

PYMNTS

JANUARY 30, 2019

The PayNet tool uses the firm’s proprietary database to predict borrower risk, and will deploy Numerated’s custom rules-based and borrower segment-based credit decision-making capabilities to match lenders’ risk mitigation needs.

Risk 57

Risk Risk Mitigation Small Business Underwriting 57

PYMNTS

SEPTEMBER 7, 2018

When the company first launched, it began by working with factoring companies, helping them underwrite financing based on projected income from borrowers’ accounts receivable data. The company had previously raised pre-seed and seed funding, and, according to reports, is set to close an additional investment round to the tune of $2.5

Finance 46

Finance Underwriting Risk Mitigation B2B 46

PYMNTS

JANUARY 22, 2019

Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes.

AI 77

AI Finance Risk Mitigation Accounts 77

PYMNTS

MARCH 14, 2017

Regulators are instead concerned about small lending startups that they fear simply don’t know enough about underwriting and risk mitigation to be a safe and productive player in the ecosystem. The CBRC is preparing new regulations to address rising risks in the industry.

Underwriting 46

Underwriting Risk Mitigation Financial Inclusion Government 46

FICO

DECEMBER 18, 2018

Underwriters across the financial spectrum of banks, credit unions, and independents do a great job of mitigating risk when dealing with large, complex lending requests. This level of risk mitigation can be tackled by some models, a solid risk strategy, and the directed review of an underwriter.

Small Business 53

Small Business Underwriting Credit Union Origination 53

PYMNTS

JULY 23, 2019

According to the publication, citing reports from Beijing media group Caixin Media, banks will be required to obtain primary, original documentation from the corporate borrower and its trading partner to stronger finance underwriting. JD.com, Suning.com Spark Concerns. Noah, however, claims that it had verified all documentation with JD.com.

Finance 51

Finance Disputes Verification Underwriting 51

FICO

FEBRUARY 20, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science.

Cybersecurity 40

Cybersecurity Risk Mitigation Mitigation Assessments 40

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies. Technology’s Role.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

PYMNTS

AUGUST 1, 2017

DueCourse also developed its own risk mitigation technology to use data found within SMEs’ cloud-based accounting platforms to underwrite loans. The debt financing, reports said at the time, reflected the company’s business model as a direct lender of invoice financing, instead of a third-party intermediary.

Risk Mitigation 40

Risk Mitigation Underwriting Finance Mitigation 40

PYMNTS

JUNE 13, 2016

While some lenders actually embrace the practice, viewing it as a form of loan consolidation, others argue the practice can obscure the true risk of a borrower.

Risk Mitigation 40

Risk Mitigation Risk Assessment Underwriting Risk 40

PYMNTS

SEPTEMBER 12, 2018

As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices. Working with a bank like BTG is another spoke in the wheel of small business financing, but one that similarly addresses risk mitigation in the market.

Finance 40

Finance Risk Mitigation Small Business Mitigation 40

PYMNTS

OCTOBER 16, 2018

Those include project duration and the risk of a project not being completed, managing permits, visibility into inspections and beyond. Many of these factors are key to not only underwriting a loan, but enabling a borrower to draw down on that financing. “There are a lot of cool things happening,” he said.

Mitigation 64

Mitigation Payments Risk B2B 64

PYMNTS

FEBRUARY 9, 2018

lender is now offering its small business (SMB) borrowers credit insurance policies provided by Euler Hermes to protect themselves against the risk of non-payment of an invoice should their customer become insolvent or fail to pay. That deal, announced last December, sees MarketInvoice underwriting SMB loans provided by Investec.

Risk Mitigation 40

Risk Mitigation Non-Bank Risk Underwriting 40

PYMNTS

JULY 11, 2017

Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

FICO

JANUARY 24, 2018

Our FICO ESS customer, Barbican Insurance Group , participated in an excellent panel discussion about the evolution of the underwriting process. Barbican’s Cyber Business Group Leader, Graeme King, explained, “Risk and IT can be disconnected in respect of to cyber insurance. FICO ESS is a powerful risk mitigation tool.

Cybersecurity 55

Cybersecurity AI Underwriting Risk 55

PYMNTS

APRIL 8, 2016

It also signals a different kind of consolidation in the alternative finance sector, with different FinTech companies joining up to enhance the sophistication of technology behind lending and credit underwriting. ” The SME Underwriting Legacy . ” “This frustrates the borrower, and this frustrates the lender,” he added.

Underwriting 40

Underwriting Small Business Mitigation Risk Mitigation 40

PYMNTS

MAY 10, 2018

Simultaneously, the report noted, a spike in bad corporate loans is also signaling to FIs that they need to improve their digital offerings with cost savings benefits, risk mitigation and other advantages that can strengthen their financial standings. ” Banks Need to Multitask.

SWIFT 40

SWIFT Risk Mitigation Mitigation On-Demand 40

PYMNTS

FEBRUARY 11, 2020

Even as businesses move away from physical paper, their reliance on email to transmit information between trading partners and players in the ecosystem exposes the trade finance arena to the growing risk of cyberattacks. “Traditionally, financiers had to take various methods to try and mitigate fraud,” Tarone noted.

Finance 53

Finance Technology Cross-Border Distributed Ledger Technology (DLT) 53

PYMNTS

MARCH 25, 2020

Designed for firms with between two and 200 employees, the card program underwrites SMBs through Archa’s proprietary machine learning-powered risk analysis technology. Archa Collabs With i2c in Australia.

Commercial Card 46

Commercial Card Innovation Cross-Border Cross-Border Payments 46

M2P Fintech

NOVEMBER 7, 2024

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Risk Mitigation: Strong security protocols help prevent unauthorized access, data leaks, and potential fraud, protecting the institutions reputation and customer trust.

Origination 52

Origination PCI DSS API Underwriting 52

PYMNTS

DECEMBER 17, 2019

But George McKee III, president and CEO of Profituity, said while both services are important to mitigating B2B payments friction, the firm’s additional service — helping business clients integrate ACH gateways to become payment processors — is the direction in which the market is headed. “Any I own that relationship,” he said.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

PYMNTS

JUNE 23, 2016

So far, enterprise security solutions focus on strengthening the detection and mitigation of potential breaches within a corporate IT system or involve businesses taking out insurance in the event of a data breach. The first, and perhaps obvious, one is for insurance underwriters.

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

FICO

AUGUST 16, 2019

If we conservatively estimate that 10% of that is first-party fraud, there is $10 million to $20 million in annual losses we should be trying to mitigate. In credit risk, underwriting and account origination are tied to application fraud. Mapping out these product lines together, visually, shows a clear lifecycle continuum.

Credit Risk 40

Credit Risk Risk Identity Theft Account Takeovers 40

PYMNTS

JULY 5, 2018

Trade Ledger links its infrastructure into Tradeplus24 to support underwriting of small business receivables finance, the companies explained at the time, with Trade Ledger assessing supply chain and invoice data to mitigate risk. ”

Assessments 40

Assessments Mitigation Small Business Risk 40

PYMNTS

NOVEMBER 22, 2019

With a focus on integration with payment and accounting platforms, the startup said it will also continue to connect with a broader array of data sources to bolster small to medium-sized business (SMB) loan underwriting for its partners, which include banks and other lenders. leading the investment. According to BusinessLeader.co.uk

B2B 43

B2B FinTech Cross-Border Payments Payroll 43