Remove Mitigation Remove Third-Party Service Provider Remove Underwriting
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Big Lenders Need Help With Big Data, Too

PYMNTS

” 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. ”

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For SMB Underwriting, Exploring A More Reliable Kind Of Alternative Data

PYMNTS

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. The issue at hand, however, is that Facebook stats are hardly reliable to traditional lenders mitigating the risk of small business borrowers.

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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. Think of them as service providers that rent their master merchant accounts to their clients. This makes it much easier and quicker for businesses to start accepting payments.

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B2B Payments Explores An Alternative Path To ACH Adoption

PYMNTS

Yet both of these strategies require a third-party service provider to facilitate payment processing, whether funds are coming in via check or ACH. Again, third-party service providers play an important role in alleviating ACH friction for companies. I own that relationship,” he said.

ACH
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OCC Defines Top Threats To Banks This Season

PYMNTS

Treasury’s Office of the Comptroller of the Currency found that underwriting standards have eased thanks to an increased appetite for credit risk, increased competition and an overall perception of improved economic circumstances. percent in the first half of 2016 but then slowing toward the end. Amid these fluctuations, the U.S. Compliance.

OCC