FICO

MARCH 25, 2020

The score was used in addition to data from loan applications, Home Credit’s existing internal scorecards, and other external data sources to cut credit risk on point-of-sale (POS) loans by 25 percent and online loans by 15 percent compared to the old generation of models.

Risk

Fintech News

SEPTEMBER 4, 2024

Paywatch (Malaysia) Paywatch platform and illustration, Source: Paywatch Founded in 2020, Paywatch is a fintech company offering a debt-free earned wage access (EWA) solution, commonly known as on-demand pay. Jenfi uses a proprietary risk assessment engine that evaluates both a business’s creditworthiness and its marketing growth efficiency.

FinTech

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. Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns.

AI

Finovate

SEPTEMBER 23, 2024

Offer autonomous roboadvisory with algorithmic trading Roboadvisors have been popular in fintech since 2015, but Agentic AI will make it possible for firms to autonomously manage investment portfolios by analyzing market trends, risk profiles, and financial goals. In this case, the next evolution of GenAI is Agentic AI.

AI

PYMNTS

APRIL 3, 2019

The demand for cyber insurance is on the rise, with the sector expected to reach a $7.5 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.

Small Business

The Payments Association

MAY 9, 2025

Common issues include: Standardised risk assessments that overlook innovative or early-stage firms. However, smaller firms often struggle to qualify due to tight underwriting standards. It demands a modern, inclusive financial architecture built around the real needs of small businesses. Representing 99.9%

Finance

PYMNTS

MAY 7, 2020

Buttressing that great acceleration, Angelos told Karen Webster in a recent conversation, are demands for new use cases for digital that are emerging nearly every day. The program launched in 2018 and has grown 280 percent since then, and now includes 140 FinTechs globally. In the U.S.,

FinTech

PYMNTS

NOVEMBER 16, 2018

A press release issued this week said that BNB Bank, a community bank operating across the New York and Long Island metropolitan area, will integrate PayNet technology to enhance its underwriting process for small business loans. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. .”

Community Banks

The Fintech Times

MARCH 12, 2024

Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks. As evidence mounts showing that EVs can be safer than traditional vehicles, insurers must adjust their risk assessments and pricing models accordingly.”

Mitigation

Nanonets

APRIL 11, 2023

Growing customer expectations for faster, more transparent loan services: Borrowers now demand quick loan approvals, transparent communication, and a seamless digital experience. This requires robust risk assessment and credit decision-making processes, which can be resource-intensive and challenging to implement effectively.

Origination

The Fintech Times

MARCH 28, 2024

We reached out to insurance experts to gain insights into how startups and incumbents are collaborating to drive innovation and meet changing consumer demands. Insurers are adapting by collaborating with new actors and tech orchestrators, who are enabling a quicker delivery to meet evolving demands.

Innovation

M2P Fintech

JANUARY 21, 2025

It enables streamlined processes, enhances accuracy, reduces turnaround times, and ensures businesses can adapt quickly to evolving market demands. Key Features Customizable Decision Engine : HyperVerges decision engine is tailored to align with specific business rules, ensuring more accurate and efficient underwriting.

Origination

PYMNTS

JULY 25, 2019

To make that underwriting decision, she said, they look at more than 100 data points to evaluate the overall health of the businesses, with a focus on its growth trajectory. “We The reason, she said, is simple: often they just can’t afford it. Performance-Based Trade Credit . Bringing New Firms On Board .

Finance

FICO

OCTOBER 10, 2022

A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. And financial institutions use FICO® Scores to underwrite lending to millions of people so that they can achieve their financial goals like buying a first home or starting a business.

Consumer

The Fintech Times

DECEMBER 6, 2023

That leaves headroom in market areas that were dominated by mainstream players but are now becoming more niche, and niche is where we can find value and combine our underwriting with vibrant new services and tech layers. “First and foremost, digital transformation became a non-negotiable aspect of survival in 2023.

FinTech

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.

AI

FICO

JANUARY 24, 2018

Two of today’s hottest tech topics — cybersecurity insurance and artificial intelligence (AI) — were well represented at recent conferences in insurance and banking, respectively: Advisen Cyber Risks Insights Conference and Bank AI Expo. Underwriters and brokers need to exert more positive control in the engagement process,” he continued.

Cybersecurity

FICO

JUNE 26, 2019

That said, the market for security risk assessment scores and ratings remains nascent, with a double-digit CAGR that will likely continue into the foreseeable future. Third-Party Risk Is Top of Mind. The latter topic (third-party risk) is increasingly important. It’s a great question, and needs to be asked.

Underwriting

FICO

APRIL 28, 2023

Federal Reserve (Fed) increasing interest rates since mid 2022 as a response to stubborn inflation levels has led to a cooling off of the housing market, both in terms of housing demand and prices, resulting in reduced home equity values and a higher interest burden on home buyers, particularly first-time buyers.

Credit Risk

PYMNTS

APRIL 10, 2019

The first, he noted, involves underwriters looking to establish credit information on applicants, particularly thin-file applicants. In particular, he noted, it was good for risk assessment. There are plenty of high-tech ways to verify a customer’s identity — fingerprints, voiceprints, faceprints, phone data.

Verification

PYMNTS

JUNE 12, 2018

Now, the tech-driven underwriting models that promised to assess risk more accurately, and extend credit more efficiently, may be confirmation that traditional risk and lending business models may have more going for them than their new, FinTech challengers once thought. The Coming Risk Assessment Reset.

Underwriting

FICO

JUNE 26, 2019

That said, the market for security risk assessment scores and ratings remains nascent, with a double-digit CAGR that will likely continue into the foreseeable future. Third-Party Risk Is Top of Mind. The latter topic (third-party risk) is increasingly important. It’s a great question, and needs to be asked.

Underwriting

PYMNTS

JULY 6, 2018

Though he noted that there appears to be more demand for these types of services in the consumer banking space, there is room for such innovation in corporate financial services, too — particularly in accounting and lending, he said.

FinTech

M2P Fintech

MARCH 28, 2024

This strategic shift leverages the on-demand scalability and advanced technologies offered by the cloud. Credit Underwriting Credit Underwriting is the process by which a lender (such as a bank, credit union, or fintech company) assesses the creditworthiness of a borrower before granting them a loan or line of credit.

FinTech

FICO

MARCH 6, 2020

A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . Our Anti-Financial Crime solutions suite consistently follows the risk-based approach according to FATF and supports the compliance process with integrated modules. What do you do?

Financial Crimes

FICO

FEBRUARY 7, 2023

The inclusion of this alternative data leads to a more reliable estimate of consumer credit risk and helps score more than 26.5 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL.

BNPL

M2P Fintech

FEBRUARY 28, 2025

One of the key factors fueling this growth is the increasing demand for a specialized loan management system that caters to both lenders and borrowers in a dynamic financial ecosystem. Core Capabilities of Finflux by M2P Robust Business Financials Verification : Ensures accurate financial assessment. Billion by 2029!

Payment APIs and Integration

M2P Fintech

FEBRUARY 25, 2025

With the rising demand for loans, the need to deliver speed, accuracy, and personalized experiences has never been greater. Institutions that rely on outdated systems risk falling behind. By analyzing borrower behavior, loan performance, and market trends, LMS provides insights that enhance risk assessment and optimize loan offerings.

Payment APIs and Integration

Fintech Labs Insights

JULY 22, 2015

Its panel will demonstrate how its API integration allows for the most seamless consumption of Emailage fraud-risk assessment. Why it’s a must-see: The Emailage Rest API allows for frictionless fraud scoring, enabling businesses to establish customized settings based on risk levels. Did you know that sales-tax in the U.S.

Payment APIs and Integration

Fintech Review

JANUARY 7, 2025

Digital applications and automated underwriting systems streamline the funding process, cutting down on paperwork and reducing approval times significantly. A successful campaign demonstrates market validation, showcasing consumer interest and demand for the businesss products or services.

Finance

The Fintech Times

NOVEMBER 21, 2024

Market demand for regulatory reporting Europe’s advanced climate legislation is driving rapid growth in ESG data and analytics solutions, with regulatory reporting emerging as a key capability. This reflects the market demand for integrated solutions as climate-focused requirements become more complex.

Innovation

The Fintech Times

MAY 10, 2025

Currently unnamed, the new reinsurance platform will look to provide underwriting capabilities, powered by AI, to helpaccelerate growth in the Gulf region, while supporting the continued evolution of regional capital markets. The post IHC Set to Launch AI-Driven Reinsurance Platform in the Gulf Region appeared first on The Fintech Times.

AI