Stax

APRIL 3, 2025

Its the bridge between an eCommerce website, its customers, and the bank. Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. It works in tandem with the customers bank or credit card provider to verify and authorize the transaction.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

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.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. Let’s get started.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Finezza

JANUARY 4, 2024

A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. The revenue growth and profitability of a lending business depend on several factors.

Transactions 94

Transactions Fraud Detection Risk Assessment Underwriting 94

Finovate

DECEMBER 16, 2024

The collaboration integrates Plaid’s open banking services with Capitalise’s Instant Offers to simplify and streamline small business funding. The partnership is designed to simplify business funding, leveraging Open Banking to offer pre-approvals to 150,000 small businesses. are embracing open banking technology.

Small Business 59

Small Business Non-Bank Risk Assessment Finance 59

Nanonets

APRIL 26, 2023

PDF → Excel Convert PDF bank statements to Excel  Try for Free In today's fast-paced business world, faster loan approvals and lending processes are a key goal both for lenders and people applying for loans. Automation can have a significant impact on this process—particularly the loan underwriting process.

Underwriting 52

Underwriting Automation Fraud Detection Risk 52

The Fintech Times

JUNE 20, 2024

European insurer, Allianz Trade , is collaborating with BPL , a specialist credit and political risk insurance (CPRI) broker, to improve how underwriters and brokers share enquiry data using Application Programming Interface (API) integration via the independent digital trading platform Whitespace , a Verisk subsidiary.

Underwriting 59

Underwriting Payment APIs and Integration Non-Bank API 59

PYMNTS

OCTOBER 19, 2020

Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. In contrast, the big banks have gone in the other direction.”. Narrowing The Gap .

AI 120

AI B2B Underwriting Non-Bank 120

M2P Fintech

MARCH 24, 2025

This includes employing machine learning algorithms to automate parts of the loan application and underwriting process, as well as using digital platforms to facilitate communication between borrowers, lenders, and other relevant parties. Predictive analytics forecasts borrower behavior and market trends, enabling proactive risk management.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

M2P Fintech

APRIL 11, 2025

The Reserve Bank of India (RBI) has released the Draft Directi ves 2025 on Lending Against Gold Collateral, bringing a much-needed regulatory reset to a sector thats long operated in silos. Additionally, the enforcement of the 75% Loan-to-Value (LTV) cap was uneven, and risk weights were incorrectly applied.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

The Fintech Times

APRIL 15, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. .”

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

The Fintech Times

JANUARY 17, 2024

” ‘AI is the cornerstone of our operations’ For Tensorflight , a property platform reducing risk, waste, as well as cost in an increasingly competitive environment, AI is used across all aspects of its operations. With these tools, a single underwriter can now do the work that used to take five underwriters.

AI 128

AI FinTech Underwriting Due Diligence 128

My Payment Savvy

JUNE 16, 2025

It collects payment data, secures sensitive information, and connects all parties needed to move money from your customer’s bank to yours. This tokenization keeps the sensitive card information off your servers, reducing the risk of a data breach and easing PCI DSS compliance. Any hiccups risk abandoned carts and lost sales.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking PCI DSS 52

Stax

MAY 6, 2025

Acquiring bank This is the merchant bank that allows the business to receive money from card transactions and store these funds. The issuing bank This is the cardholders bank or the financial institution that issued their credit or debit card. Think: Visa, Mastercard, American Express, and Discover.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

PYMNTS

NOVEMBER 17, 2020

Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said.

Finance 99

Finance FinTech Risk Mitigation Non-Bank 99

PYMNTS

FEBRUARY 11, 2019

The survey, an annual report on non-banking activities, said there also remains a small risk of FinTech credit problems having an impact on the rest of the financial system, … but the risk could increase if banks and other investors underwrite those products.

Consumer Financial Protection Bureau (CFPB) 78

Consumer Financial Protection Bureau (CFPB) FinTech CFPB Non-Bank 78

The Fintech Times

JUNE 26, 2025

Appointments Open banking fintech Yaspa has named Chris Lowe as chief financial officer. Frith joins from Relm Insurance and brings over a decade of experience in underwriting and broking, including several crypto insurance firsts. Wealthtech firm Orion has named Valli Nachiappan as chief technology officer.

FinTech 59

FinTech AI Online and Mobile Banking Non-Bank 59

FICO

AUGUST 28, 2018

Welcome to the final blog in the series recapping Cyber Risk, Cyber Ratings and Cyber Risk Transfer at FICO World 2018 , and my conversation with the session’s three panellists: Josh Ladeau , CISSP, Global Head of Cyber, Aspen Insurance. They were not sure how they could bake it into their underwriting process.”. he laughed. “We

Risk 53

Risk Security Underwriting Breach 53

Fintech News

SEPTEMBER 4, 2024

These companies, which represent countries such as Malaysia, the Philippines and South Korea, are tackling challenges in sectors such as lending, banking, and business finance, leveraging innovative business models and cutting-edge technologies to boost efficiency and enhance accessibility across the financial services industry.

FinTech 117

FinTech Cross-Border Payment APIs and Integration Credit Cards 117

Clearly Payments

MAY 22, 2025

Authorization An authorization is a request to the cardholders bank to approve a charge. Acquirer (Acquiring Bank) The bank or processor that works with the merchant. Issuer (Issuing Bank) The issuing bank is the bank that gave the customer their credit or debit card.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

The Fintech Times

FEBRUARY 28, 2024

The UK lending market for higher-risk individuals has contracted by around 34 per cent since 2019, as unsecured loans from unregulated lenders have risen significantly, according to a new whitepaper from ClearScore , the financial services marketplace. Since 2019, guarantor loans to sub-prime customers have declined 99.6

Risk 59

Risk BNPL Non-Bank Regulations 59

Fintech News

DECEMBER 20, 2023

But despite increased adoption of these novel payment methods, BNPL profitability remains a challenge, hampered by high fixed costs, increasing funding expenses and elevated delinquency rates, a new report by the Bank for International Settlements (BIS) says. million in 2023.

BNPL 109

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 109

PYMNTS

APRIL 9, 2019

While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment. Combining Forces.

Finance 63

Finance Underwriting Risk Mitigation Mitigation 63

The Fintech Times

OCTOBER 29, 2024

OKX, a cryptocurrency exchange and global onchain technology company, has teamed up with Standard Chartered, appointing the international cross-border bank as its third-party crypto custodian for its global institutional business. Appointments UK digital MGA Ripe appoints David Rowntree as its new chief underwriting officer.

FinTech 64

FinTech Multi-Currency Embedded Finance Cryptocurrency 64

PYMNTS

JUNE 15, 2020

Supply chain disruptions and economic volatility have elevated risk exposure for many enterprises, but for small- to medium-sized businesses (SMBs) operating globally, that risk of exposure can be catastrophic. And as Aion Bank looks to expand geographically, Czuba said there are some universal challenges SMBs struggle with today.

Cross-Border 98

Cross-Border Non-Bank Addressing Underwriting 98

Finextra

JUNE 2, 2025

Location Joburg Followers 5 Opinions 22 Follow Unfollow Open Banking has moved from regulatory idea to industry reality, driving transformation by enabling secure, permissioned data sharing between financial institutions and third-party fintechs. Crucially, Open Banking was just the opening act. Open Finance says: why not?

Finance 52

Finance Payment APIs and Integration API Regulations 52

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. As we work with business customers with non-prime credit, decisions around credit risk are key to the success of our business,” said Haijian Hu, head of Headway Capital. “As

Underwriting 58

Underwriting Verification Payment APIs and Integration Credit Risk 58

Fintech News

MAY 7, 2024

It will also continue to invest in its comprehensive tech stack to power the end-to-end customer journeys across banking, insurance, and embedded commerce. Founded in 2008, Perfios is a B2B SaaS company serving the banking, financial services and insurance industry in 18 countries, empowering 1,000+ financial institutions.

Payment APIs and Integration 128

Payment APIs and Integration Non-Bank Finance FinTech 128

FICO

MAY 16, 2016

Last month the President of the San Francisco Federal Reserve Bank addressed the LendIt USA conference here in San Francisco. Whether or not that turns out to be the case, it’s worth exploring this issue: What are the unintended consequences that could arise from new ways of assessing risk? What does that mean?

Risk 40

Risk FinTech Underwriting Federal Reserve 40

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. The fact that they not only use AI for initial underwriting, but also for the ongoing risk monitoring of the portfolio, is what really attracted us to Slope. The partnership brings together J.P. By combining J.P.

AI 59

AI B2B Finance Underwriting 59

International Payments Processing

AUGUST 30, 2021

Therefore, cannabis stores cannot access the banking service at a national level, which prevents them from accepting card or digital payment. We also provide 24/7 365 customer service to help with your application, underwriting, and onboarding. However, cannabis is still federally illegal.

Process 88

Process Payments International Payments Online Payment Processing 88

International Payments Processing

AUGUST 30, 2021

Therefore, cannabis stores cannot access the banking service at a national level, which prevents them from accepting card or digital payment. We also provide 24/7 365 customer service to help with your application, underwriting, and onboarding. However, cannabis is still federally illegal.

Process 88

Process Payments International Payments Online Payment Processing 88

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. Figure Pay, he said, is not built on traditional banking structures but “is a blockchain rail and a digital wallet that we think is infinitely more cost-efficient.”. The Charter Advantage .

Financial Inclusion 86

Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

Fintech News

OCTOBER 28, 2024

It enables financial institutions, especially those without core banking systems or with systems lacking API integration, to manage bulk transactions. Integrated with bank accounts and digital wallets in Pakistan, Hakeem provides customers with easy disbursement options. The company replaces traditional B2B payment methods (e.g.

AI 108

AI FinTech Innovation Payment APIs and Integration 108

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions.

FinTech 60

FinTech Blockchain Underwriting Non-Bank 60

EBizCharge

JANUARY 16, 2025

Determining interchange fees: Interchange fees are costs paid between banks for accepting card-based transactions. For example, transactions at grocery stores may accrue lower fees than luxury goods because of different risk levels and transaction types. MCCs play a role in setting these fees.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Stax

AUGUST 20, 2024

TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. This is because most embedded finance solutions are provided by traditional banks. However, they’re two different concepts.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88