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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. Learn More What is Merchant Account Underwriting? What is the Purpose of Merchant Underwriting?

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Jeel and audax to Roll Out BaaS, Open Banking Solutions in Saudi Arabia

Fintech News

Jeel, the digital innovation arm of Riyad Bank, and audax Financial Technology , backed by Standard Chartered, have announced a strategic partnership to modernise Saudi Arabia’s banking sector. It also offers adaptability for non-bank entities, extending the benefits of digital transformation beyond traditional banking.

Non-Bank 106
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Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack.

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3 Ways Advanced Tech is Reshaping Personal Loan Underwriting

Finezza

However, Indian banks have highlighted a concerning trend wherein non-performing assets (NPAs) increased by a whopping 51% to 11,210 crore in June 24 against 7,422 in March 23. In 2024, personal loans grew by 14.4% in India, surpassing 55.3 lakh crore, indicating the rising demand for credit.

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Allianz Trade and BPL Look to Free up Time for Underwriters With Enhanced Standardisation

The Fintech Times

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.

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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The evolution of open banking into open finance, examining regional regulatory approaches and adoption trends. Why is it important?

Finance 88
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Everything You Need to Know About Credit Card Processing

Stax

And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. Acquiring Bank: The business’ (i.e., merchant’s) bank.