Fintech News

MAY 29, 2025

Beyond customer support, bolttech’s Gen AI Factory enables internal teams to develop and deploy generative AI applications across the insurance value chain, including underwriting, claims handling, customer service, and product development.

AI 111

AI Risk Assessment Bots Underwriting 111

PYMNTS

APRIL 29, 2020

Of the seemingly inexhaustible uses of artificial intelligence (AI) in the financial sector, its applications around managing credit risk and optimizing payment services are among the most promising. percent are doing so in credit underwriting. percent of FIs reported using AI in credit underwriting.”. Decisions, Decisions.

Credit Risk 100

Credit Risk Risk AI Underwriting 100

Fintech News

JUNE 12, 2024

Appian, a software company that automates business processes, and Swiss Re have expanded their partnership to streamline the life insurance underwriting process and enhance the productivity of underwriters. The workbench addresses this by offering a single login system, enabling underwriters to manage their tasks more efficiently.

Underwriting 76

Underwriting AI Automation APACS 76

Finezza

MARCH 9, 2024

As the lending industry grows and lenders attempt to scale quickly, lending businesses are at greater risk of making poor decisions inadvertently. Merely evaluating income statements or […] The post How Is Alternative Data Revolutionising Credit Underwriting Software appeared first on Finezza Blog.

Underwriting 84

Underwriting Risk Posting 84

Fintech News

DECEMBER 3, 2024

Andy Tan “Combining our disciplined risk management and underwriting technology with Valiram’s portfolio of world-class luxury and lifestyle brands supports their expansion into new consumer segments and business growth. said Mukesh Valiram, Executive Director of Valiram. said Andy Tan, Chief Commercial Officer, Atome.

Embedded Finance 117

Embedded Finance Underwriting Risk Management Finance 117

Stax

DECEMBER 20, 2023

From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. What Is Merchant Underwriting?

Underwriting 88

Underwriting Process Enrollments Payment APIs and Integration 88

Finovate

MAY 22, 2025

Together the two companies will help banks and other financial institutions provide a more seamless onboarding and underwriting experience for their small business borrowers. The alliance will offer frictionless onboarding and underwriting experiences that enable more banks to serve a larger number of qualified small business borrowers.

Underwriting 59

Underwriting Small Business AI Finance 59

PYMNTS

APRIL 24, 2020

These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. This vital task is complicated even in normal times due to the multitude of financial risk factors in play at any given time. percent employ it for credit underwriting. Among banks that use AI, 92.9

Credit Risk 100

Credit Risk Risk Underwriting AI 100

Fintech Finance

DECEMBER 20, 2024

Patricia previously served as VP of Technology Operations and Delivery at Zopa, where she led risk management and process improvements, and Senior Director of Software Engineering at LexisNexis Risk Solutions, spearheading AML and compliance technology initiatives.

APACS 97

APACS Issuers Credit Cards AI 97

CB Insights

MAY 17, 2023

Loan underwriting is a slow and complex process, due to insufficient data for credit scoring, stringent risk management requirements, and highly manual processes. This has cleared the way for new tech solutions that can effectively reduce costs and risk, while also improving speed. Fraud is also a concern.

Underwriting 70

Underwriting Process Risk Management Risk 70

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is an essential component of the payment processing industry, ensuring the safety and security of electronic payments. This process is critical for payment processors, who must determine whether a business poses a high financial risk. What is merchant underwriting?

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Finezza

APRIL 23, 2024

Factoring […] The post Mitigating Risk in Debt Factoring: Underwriting Best Practices appeared first on Finezza Blog. However, factoring could be an excellent solution for companies to try to cash in on their account receivables, control cash flow, and keep the business afloat.

Best Practices 52

Best Practices Underwriting Mitigation Risk 52

Nanonets

SEPTEMBER 27, 2024

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These include customer applications, financial records, medical reports, and external risk assessments such as geographic or weather-related data.

Underwriting 52

Underwriting Automation Risk Assessment Assessments 52

Stax

AUGUST 19, 2024

Risk and fraud executive brings over a decade of experience to elevate processes to drive more frictionless experience for merchants and partners. Stay Payments , a leading payment technology provider, has appointed Valentin Neiconi as Chief Risk Officer. Most recently, Neiconi was the Head of Fraud & Risk North America for Adyen.

Risk 88

Risk Payments Embedded Payments Underwriting 88

PYMNTS

JUNE 24, 2020

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Averse to the risk of change, the property and casualty (P&C) insurance arena has been resistant to embrace electronic payments when disbursing funds to claimants.

Business Continuity 114

Business Continuity Mitigation Continuity Risk 114

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

The Fintech Times

MARCH 30, 2025

Others in the class offer AI- and machine learning-enhanced technology modernisation strategies, along with risk, compliance, and security solutions. The 2025 class is bringing creative approaches to critical enterprise functions, applying agentic AI and other tools to risk and compliance, cybersecurity, and technology modernization.

Innovation 80

Innovation FinTech AI Underwriting 80

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. This has been a big focus for the business in response to strong market demand for consumer loans in China.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

Clearly Payments

APRIL 24, 2025

Acquirer fees: Acquirer fees go to the financial institution that underwrites the credit and takes the financial risk. Heres why processors are open to giving lower rates to high-volume businesses: Lower risk : Larger, established businesses are usually seen as more stable.

Large Merchants 99

Large Merchants Process Processors Volume 99

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

Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. Read on for more specifics.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

International Payments Processing

DECEMBER 29, 2021

We believe that all merchants in high risk industries deserve high-quality payment processing solutions to run and scale their businesses. Why High Risk Businesses Get Denied a Merchant Account? How Rapid Application Processing Helps You Get a High Risk Merchant Account Fast?

Risk 88

Risk Process Accounts Gateways 88

International Payments Processing

DECEMBER 29, 2021

We believe that all merchants in high risk industries deserve high-quality payment processing solutions to run and scale their businesses. Why High Risk Businesses Get Denied a Merchant Account? How Rapid Application Processing Helps You Get a High Risk Merchant Account Fast?

Risk 88

Risk Process Accounts Gateways 88

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate Credit Risk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. 2) announcement.

Credit Risk 88

Credit Risk B2B Risk ISO 20022 88

Finovate

MARCH 14, 2025

SBCA uses anonymized, item-level transaction data to help lenders assess small business financial performance, enabling faster underwriting, reduced risk, and improved loan terms. Leveraging this new data in a unique way with SBCA will empower small and medium businesses to have greater access to financing.

Visa 52

Visa Finance Embedded Finance Financial Inclusion 52

PYMNTS

NOVEMBER 10, 2020

The fact is, they had a belief that by deploying machine-learning underwriting that they’d be able to create a more durable lending system that could weather the storm.”. The time for machine-learning underwriting is now, especially with the uncertainty of COVID and the uncertainty of next year's economic environment.”.

AI 138

AI Underwriting Credit Risk Shutdown 138

The Fintech Times

MAY 5, 2024

Resilience , the US-based cyber risk solution company, has introduced two new cyber risk tools to its cyber insurance package, in a move to help its clients reduce losses from cyberattacks. Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk.

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

Finextra

MARCH 19, 2024

Worth AI, a fintech SaaS startup, officially launched today and announced its artificial intelligence-powered risk management and underwriting technology.

Underwriting 52

Underwriting AI Risk Management Risk 52

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

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 the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects.

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

The Payments Association

MARCH 18, 2025

But these opportunities are accompanied by mounting risks around data governance, security, and regulatory fragmentation. Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. Fraud detection and risk management are also evolving.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

JULY 31, 2024

ZestyAI , a climate and property risk analytics solutions provider, is expanding its existing partnership with Amica Mutual Insurance , enabling the insurance firm to leverage ZestyAI’s full property and climate risk analytics platform. Stolte , assistant vice president at Amica. “Amica earned the top spot in the J.D.

Risk 59

Risk AI Risk Assessment Assessments 59

PYMNTS

SEPTEMBER 29, 2020

They’re not equipped to manage the operational risks associated with these smaller businesses,” Shoihet told PYMNTS, especially when it comes to extending short duration credit lines, debt products or factoring. It’s very difficult for a bank to justify [accounts receivable] AR financing that effectively puts capital at risk,” he said.

Finance 114

Finance Underwriting Volume Accounts 114

The Fintech Times

MARCH 31, 2024

Is the insurance sector risking over-reliance on artificial intelligence, and what’s the balance between innovation and human expertise? LexisNexis Risk Solutions John Beal, senior vice president, data science, LexisNexis Risk Solutions. “Take underwriting. “In particular, transparency is key.

Risk 69

Risk AI Underwriting Automation 69

CB Insights

NOVEMBER 3, 2022

While insurtech funding has remained relatively flat quarter-over-quarter in 2022, insurers are still actively engaging with startups to improve their businesses — including addressing climate-related risks. . Long-term risk evaluation. Meanwhile, Reask focuses on wind and atmospheric risk modeling. First name.

Underwriting 95

Underwriting Risk Management Risk Product 95

Fintech News

AUGUST 20, 2024

The chatbot is powered by Artificial Intelligence and an Application Programming Interface (API), connecting to MSIG’s underwriting and rating model to facilitate seamless quotations. The insurance offered, known as SUMO, covers property, liability, business interruption, and employee-related risks, with options for customisation.

Underwriting 109

Underwriting SWIFT Small Business Facilitators 109