The Payments Association

MARCH 18, 2025

Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. Open data extends beyond regulated financial data-sharing to non-banking datasets, such as telecom, utility, e-commerce, and social data, creating new layers of insight but also new risks.

Finance

EBizCharge

JANUARY 16, 2025

Specialized reward programs: MCCs allow credit card users to participate in specialized reward programs. Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions.

Credit Cards

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

PYMNTS

SEPTEMBER 18, 2018

By the numbers, care of the PYMNTS/HyperWallet Gig Economy Index , 35 percent of today’s workforce participates in what we now call the gig economy, a figure that some experts believe will increase to as many as 50 percent over the next two years. For many, gig work isn’t a side hustle – it’s the whole hustle. The New Rules.

Underwriting

The Fintech Times

MARCH 12, 2024

“Launched in 2012, the UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI) acts as a framework for the industry to tackle ESG risks and opportunities. As evidence mounts showing that EVs can be safer than traditional vehicles, insurers must adjust their risk assessments and pricing models accordingly.”

Mitigation

PYMNTS

NOVEMBER 15, 2018

This will be critical for corporate finance, for instance as small businesses need solutions to forecast cash flow and gain insight into their own risk profiles. That same information is key to alternative and traditional lenders, which need this data to underwrite their financing. “But I believe the technology is here.

B2B

PYMNTS

MAY 7, 2020

As a whole, Angelos noted, the latest class of Fast Track participants worldwide have stepped up in many ways to offer support to consumers and small businesses alike. “There has been and will be the priority to move money quickly — something that we think is absolutely critical to rebuilding the global economy,” Angelos said.

FinTech