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.

Risk Mitigation

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

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

PYMNTS

OCTOBER 7, 2016

“This disconnect of all the different teams involved in the underwriting process is not just with the physical handoffs, but it also includes the data and analytics separations as well,” he stated. “Having access to those kind of analytics makes for a powerful differentiator as well.”

Origination

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. “We think this is going to be part of the lending criteria going forward,” he told PYMNTS in a recent interview.

Underwriting

Stax

JANUARY 8, 2024

Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. This requires sound underwriting policies and procedures.

Risk Management

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

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

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

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. Access to bank account data means the ability to use artificial intelligence and learning technology to analyze a business’ spend, revenue and savings.

Federal Trade Commission

PYMNTS

FEBRUARY 20, 2020

This week’s exploration of the latest in bank-FinTech collaborations and data integrations finds an opportunity for accounting portals to drive customer loyalty through data connectivity, while lenders embrace strengthened risk mitigation by looping directly into borrower data. Plus, a major U.S. As the U.S.

Accounts

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

PYMNTS

JANUARY 30, 2019

The PayNet tool uses the firm’s proprietary database to predict borrower risk, and will deploy Numerated’s custom rules-based and borrower segment-based credit decision-making capabilities to match lenders’ risk mitigation needs.

Risk

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.

Cybersecurity

PYMNTS

SEPTEMBER 7, 2018

When the company first launched, it began by working with factoring companies, helping them underwrite financing based on projected income from borrowers’ accounts receivable data. The company had previously raised pre-seed and seed funding, and, according to reports, is set to close an additional investment round to the tune of $2.5

Finance

PYMNTS

JANUARY 22, 2019

Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes.

AI

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

PYMNTS

MARCH 14, 2017

Regulators are instead concerned about small lending startups that they fear simply don’t know enough about underwriting and risk mitigation to be a safe and productive player in the ecosystem. The CBRC is preparing new regulations to address rising risks in the industry.

Underwriting

PYMNTS

JULY 23, 2019

According to the publication, citing reports from Beijing media group Caixin Media, banks will be required to obtain primary, original documentation from the corporate borrower and its trading partner to stronger finance underwriting. JD.com, Suning.com Spark Concerns. Technology, he said, is key to that endeavor. “As

Finance

PYMNTS

AUGUST 1, 2017

DueCourse also developed its own risk mitigation technology to use data found within SMEs’ cloud-based accounting platforms to underwrite loans. The debt financing, reports said at the time, reflected the company’s business model as a direct lender of invoice financing, instead of a third-party intermediary.

Risk Mitigation

PYMNTS

JUNE 13, 2016

While some lenders actually embrace the practice, viewing it as a form of loan consolidation, others argue the practice can obscure the true risk of a borrower.

Risk Mitigation

FICO

FEBRUARY 20, 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.

Cybersecurity

FICO

JANUARY 24, 2018

Our FICO ESS customer, Barbican Insurance Group , participated in an excellent panel discussion about the evolution of the underwriting process. Barbican’s Cyber Business Group Leader, Graeme King, explained, “Risk and IT can be disconnected in respect of to cyber insurance. FICO ESS is a powerful risk mitigation tool.

Cybersecurity

PYMNTS

FEBRUARY 9, 2018

lender is now offering its small business (SMB) borrowers credit insurance policies provided by Euler Hermes to protect themselves against the risk of non-payment of an invoice should their customer become insolvent or fail to pay. That deal, announced last December, sees MarketInvoice underwriting SMB loans provided by Investec.

Risk Mitigation

PYMNTS

APRIL 8, 2016

It also signals a different kind of consolidation in the alternative finance sector, with different FinTech companies joining up to enhance the sophistication of technology behind lending and credit underwriting. ” The SME Underwriting Legacy . ” “This frustrates the borrower, and this frustrates the lender,” he added.

Underwriting

M2P Fintech

NOVEMBER 7, 2024

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Risk Mitigation: Strong security protocols help prevent unauthorized access, data leaks, and potential fraud, protecting the institutions reputation and customer trust.

Origination

PYMNTS

JULY 11, 2017

Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Finance

PYMNTS

SEPTEMBER 12, 2018

As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices. Working with a bank like BTG is another spoke in the wheel of small business financing, but one that similarly addresses risk mitigation in the market.

Finance

PYMNTS

MARCH 25, 2020

Designed for firms with between two and 200 employees, the card program underwrites SMBs through Archa’s proprietary machine learning-powered risk analysis technology. Archa Collabs With i2c in Australia.

Commercial Card

PYMNTS

MAY 10, 2018

Simultaneously, the report noted, a spike in bad corporate loans is also signaling to FIs that they need to improve their digital offerings with cost savings benefits, risk mitigation and other advantages that can strengthen their financial standings.

SWIFT

PYMNTS

DECEMBER 17, 2019

If I become an ACH originator, and I don’t use a third party, I control the application, the underwriting; I can on-board people faster. “Any time there’s a third party, there’s going to be an element of cost that’s baked in — and sometimes that cost is reasonable, and sometimes it’s excessive,” he said. I own that relationship,” he said.

ACH

PYMNTS

JUNE 23, 2016

The first, and perhaps obvious, one is for insurance underwriters. “They don’t have the tools for risk-based pricing,” he said of cyberbreach insurance providers. ” “There’s a need for quantitative tools, kind of like what banks use to assess consumers in underwriting a loan.

Cybersecurity

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.

Small Business

FICO

AUGUST 16, 2019

In fraud, our opportunity to stem the tide of losses begins at point of application and flows through monitoring post-book customer portfolios for evolving application fraud risk over time, detecting account takeover and payments fraud, and automating the resolution of fraud cases and disputes.

Credit Risk

PYMNTS

OCTOBER 16, 2018

Those include project duration and the risk of a project not being completed, managing permits, visibility into inspections and beyond. Many of these factors are key to not only underwriting a loan, but enabling a borrower to draw down on that financing.

Mitigation

PYMNTS

NOVEMBER 22, 2019

With a focus on integration with payment and accounting platforms, the startup said it will also continue to connect with a broader array of data sources to bolster small to medium-sized business (SMB) loan underwriting for its partners, which include banks and other lenders. leading the investment. According to BusinessLeader.co.uk

B2B

Nanonets

AUGUST 16, 2024

Risk mitigation and fraud prevention Fraud detection technologies have been instrumental in reducing the $40 billion annual cost of fraudulent claims in the U.S. alone​   Advanced automation tools incorporate features for fraud detection by ML algorithms that detect and flag suspicious patterns in claims.

Automation