EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is an essential component of the payment processing industry, ensuring the safety and security of electronic payments. This article will explore the mechanics of merchant underwriting, from the essential steps involved in the process to the factors influencing it. What is merchant underwriting?

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. “Insurance companies can also engage in public awareness campaigns, educating businesses and individuals on climate-related risks and mitigation measures.

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Mitigation Risk Underwriting Risk Assessment 72

The Fintech Times

MAY 5, 2024

Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk. ” The post Resilience Launches New Cyber Risk Tools to Empower Clients to Improve Their Risk Mitigation appeared first on The Fintech Times. .

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

Finovate

MARCH 14, 2025

SBCA uses anonymized, item-level transaction data to help lenders assess small business financial performance, enabling faster underwriting, reduced risk, and improved loan terms. Leveraging this new data in a unique way with SBCA will empower small and medium businesses to have greater access to financing.

Visa 52

Visa Finance Embedded Finance Financial Inclusion 52

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

The Fintech Times

MARCH 13, 2024

. “Generative AI is not the first, and won’t be the last, disruptive technology to impact the cyber threat landscape, so it is critical that businesses improve their risk mitigation, security and defence technologies, as well as seek appropriate risk transfer today, more than ever before.”

Risk Mitigation 59

Risk Mitigation Mitigation AI Risk 59

PYMNTS

APRIL 9, 2019

. “But they’ve probably grown up separately because, traditionally, banks have looked at one as a financing opportunity or corporates looked at one as a monetization opportunity, and the other is pure risk mitigation. The tool, Kocher explained, acts as a sort of “outsourcing” of the underwriting process.

Finance 63

Finance Underwriting Risk Mitigation Mitigation 63

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. You should also have contingency plans or initiatives in place to mitigate the impact of a risk.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

OCTOBER 21, 2019

Providing consumers with sufficient supports can address these potential obstacles and speed up loan underwriting timelines, benefiting both borrowers and lenders. Organizations working to alleviate those pains need to ensure they can boost underwriting speed while carefully protecting consumers’ and FIs’ safety.

Underwriting 41

Underwriting Consumer Due Diligence Assessments 41

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

PYMNTS

NOVEMBER 18, 2019

Faster payment services could help such consumers get much-needed funds, as long as lenders can access equally fast underwriting tools. Underwriting tools boost the confidence of both borrowers and lenders, and help the latter more seamlessly access reliable bank data that supersedes credit scores. Taking the Friction out of Lending.

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Underwriting Federal Reserve Payments Faster Payments 41

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

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

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

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

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

Finextra

JUNE 26, 2025

“With Munich Re’s backing, we’re delivering the robust underwriting, loss mitigation, and claims management capabilities needed to support this transformative protection.”

Fraud Detection 52

Fraud Detection Verification AI Authorization 52

Finextra

OCTOBER 2, 2024

Backbase, the creator of the Engagement Banking Platform, announced today an integration with Middesk, a business identity platform designed to automate business verification and underwriting decisions to help banks and credit unions to mitigate risk and reduce fraud.

Verification 52

Verification Credit Union Underwriting Mitigation 52

Finovate

MAY 13, 2024

From the massive volume of manual processes and the document-intensive nature of the business to the challenges of underwriting and refining statistical models, the idea that AI will be a powerful ally in the insurance business is a no-brainer. The insurance business is ripe for innovation. There are obstacles.

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AI Federal Reserve Underwriting Risk 120

The Fintech Times

JUNE 28, 2025

AI, automation, and embedded insurance are just some of the technologies driving change in everything from underwriting and claims to customer engagement, leading many industry firms and leaders to rethink their approach. Embedded insurance 2.0 What I call Embedded Insurance 2.0. “It

On-Demand 59

On-Demand Online and Mobile Banking Underwriting AI 59

Finovate

MARCH 13, 2024

This will impact how banks and fintechs use AI for customer interactions, underwriting, and fraud detection. Compliance and oversight The ruling specifically calls out banking as an “essential private and public service” and categorizes it as a high-risk use of AI.

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AI Laws Fraud Detection Use Case 111

Stax

NOVEMBER 14, 2024

Your account will then be approved by underwriters for a certain amount of money per transaction based on your business type, processing history, and ticket size. If you process sales that are outside of that approved range, the underwriters will issue a risk hold. Q: What does ‘risk hold’ mean in credit card processing?

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. They also benefit from enhanced underwriting and portfolio optimisation and can more accurately align policies with coverage needs. Stolte , assistant vice president at Amica.

Risk 59

Risk AI Risk Assessment Assessments 59

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

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

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. Still, according to Shidfar, the open banking business model has allowed the MCA provider to take a more secure approach to underwriting that mitigates risk both for the lender and the borrower.

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65

Nanonets

DECEMBER 13, 2023

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. This includes addressing areas lacking expertise and implementing strategies to mitigate potential challenges. #6:

AI 102

AI Process Fraud Detection Compliance 102

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Review your risk mitigation and risk acceptance policies regularly and update them.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

MARCH 3, 2020

In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. Mitigating risk and establishing clear payment terms from the outset is only the beginning of the AR optimization process.

Accounts 74

Accounts Underwriting Reconciliation Credit Limit 74

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

Tearsheet

AUGUST 7, 2024

Morgan’s fortress balance sheet and depth of client relationships with Slope’s strengths in underwriting and credit risk monitoring as well as platform flexibility, we are well-positioned to meet our clients’ needs in a rapidly evolving market. Morgan to this partnership, and how does it complement J.P. By combining J.P.

AI 59

AI B2B Finance Underwriting 59

Fintech Review

JUNE 12, 2024

IoT devices, such as smart home sensors and connected cars, provide real-time data that insurers can use for risk assessment and mitigation. This includes ensuring data privacy and security, adhering to underwriting guidelines, and meeting reporting requirements.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

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

Finovate

MAY 7, 2024

The solution will leverage TCW’s loan origination, underwriting, and portfolio management expertise and will tap PNC’s extensive client relationships. The two will leverage TCW’s loan origination, underwriting, and portfolio management expertise and will tap PNC’s extensive client relationships.

Underwriting 52

Underwriting Origination Small Business Mitigation 52

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

M2P Fintech

APRIL 4, 2025

The new-age credit stack can do this efficiently with smarter underwriting capabilities, integrated data collection mechanisms and ability to automate workflows in the process. By continuously monitoring financial data, transactions, and market conditions, lenders can better predict and mitigate risks associated with supply chain financing.

Finance 52

Finance Payment APIs and Integration Credit Cards Risk 52

The Fintech Times

MARCH 29, 2024

From enhancing risk assessment accuracy to personalising products and services, insurers are leveraging data analytics to optimise decision-making processes, mitigate risks and cater to evolving consumer needs. Industry experts share insights into the pivotal role of data in reshaping insurance operations and strategies worldwide.

Risk Assessment 59

Risk Assessment Underwriting Assessments Risk 59

PYMNTS

JULY 18, 2017

The Chicago-based provider uses predictive analytics and digital decisioning to understand customers and make optimal decisions, mitigating fraud and risk. It then begins the underwriting process for approved applicants. At that point, live underwriters jump in and run additional reviews or verifications if they think it necessary.

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Underwriting Verification Payment APIs and Integration Credit Risk 58