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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

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The Role of Digital Payouts In Mitigating The Insurance Industry’s Business Continuity Risks

PYMNTS

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Averse to the risk of change, the property and casualty (P&C) insurance arena has been resistant to embrace electronic payments when disbursing funds to claimants.

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Protecting Growth from Cost-Based Uncertainties: ChAI Launches AI Driven Price Risk Insurance

The Fintech Times

To provide insurance to companies of all sizes against pricing risk at a time of unprecedented volatility in the raw materials market, ChAI , the AI-driven commodity intelligence company, has launched ChAI Protects. ChAI Protect is already utilised by large publicly traded firms and is underwritten by tier one, A-rated, underwriters.

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REPAY and Worth Partner for KYB and Underwriting Tools to Speed Merchant Onboarding and Vendor Enrollment

Fintech Finance

REPAY (NASDAQ: RPAY), a leading provider of vertically-integrated payment solutions, today announced a strategic integration with Worth , the all-in-one fintech platform for underwriting and onboarding workflow automation.

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Mitigating Risk in Debt Factoring: Underwriting Best Practices

Finezza

Factoring […] The post Mitigating Risk in Debt Factoring: Underwriting Best Practices appeared first on Finezza Blog. However, factoring could be an excellent solution for companies to try to cash in on their account receivables, control cash flow, and keep the business afloat.

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SMB Loan Underwriting Prepares For Turbulent Times

PYMNTS

But after years of finding SMBs too unprofitable to finance, lenders have to play catch-up to develop better underwriting processes for greater accuracy and efficiency. This presents a gap in the market and an opportunity for FinTechs to fill it with automated underwriting technologies, like an automated small business credit score.

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Resilience Launches New Cyber Risk Tools to Empower Clients to Improve Their Risk Mitigation

The Fintech Times

Resilience , the US-based cyber risk solution company, has introduced two new cyber risk tools to its cyber insurance package, in a move to help its clients reduce losses from cyberattacks. Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk.