Bank Automation

JANUARY 4, 2024

Eight in 10 credit union execs are looking to AI to enhance their underwriting capabilities. According to credit underwriting software provider Zest AI Chief Executive Mike de Vere, deploying AI can make for: Faster and more accurate decisioning; Increased community reach; and Smarter lending decisions.

Underwriting 75

Underwriting AI Credit Union 75

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 72

Underwriting AI Automation APACS 72

Finezza

MARCH 9, 2024

Merely evaluating income statements or […] The post How Is Alternative Data Revolutionising Credit Underwriting Software appeared first on Finezza Blog. Therefore, lenders need access to various data points to make data-driven decisions.

Underwriting 84

Underwriting Risk Posting 84

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 Payment APIs and Integration Enrollments 88

Bank Automation

FEBRUARY 21, 2024

Bank is using technology company Pagaya to leverage its AI-driven underwriting for personal loans to consumers. Pagaya’s AI-powered credit decisioning platform will conduct a secondary review for consumers who are usually locked out of the credit market, according to the bank’s Feb. 15 release. Pagaya provides U.S.

Underwriting 81

Underwriting AI Transactions Consumer 81

Finezza

APRIL 20, 2025

The adoption of AI in the credit underwriting process is expected to be one of the most significant changes in the lending sector over the coming decade. One of […] The post AI-Powered Credit Underwriting: The Four-Step Approach appeared first on Finezza Blog. billion in 2021 to $27.7 billion in 2025.

Underwriting 52

Underwriting AI Process Posting 52

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is an essential component of the payment processing industry, ensuring the safety and security of electronic payments. This article will explore the mechanics of merchant underwriting, from the essential steps involved in the process to the factors influencing it. What is merchant underwriting?

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 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. Underwriting automation can help alleviate these issues to a great extent. Here are specific underwriting processes that can benefit from automation: 1.

Underwriting 52

Underwriting Automation Risk Assessment Assessments 52

Finezza

JULY 24, 2024

Despite their valuable contribution, access to credit remains one of the major barriers for MSMEs, particularly unorganised MSMEs due to lack […] The post How Is Alternative Credit Data Transforming Credit Underwriting? appeared first on Finezza Blog.

Underwriting 59

Underwriting Accounts Product Posting 59

Payments Dive

OCTOBER 12, 2023

The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said.

ISVS 174

ISVS Acquirers Underwriting Accounts 174

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 113

Embedded Finance Underwriting Risk Management Finance 113

Finezza

FEBRUARY 27, 2025

These figures indicate that despite a growing demand […] The post 3 Ways Advanced Tech is Reshaping Personal Loan Underwriting appeared first on Finezza Blog. 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.

Underwriting 59

Underwriting Non-Bank On-Demand Posting 59

Fintech News

NOVEMBER 6, 2024

This integration is expected to unlock new monetisation opportunities, including real-time underwriting, cross-selling through contextual product offers, and fee-based services like KYC-as-a-Service. The initiative comes at a time when Saudi Arabia’s financial sector is experiencing rapid growth, with a projected GDP of US$1.1

Non-Bank 106

Non-Bank Underwriting Real Time Payments Facilitators 106

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

Fintech Finance

DECEMBER 20, 2024

His leadership has shaped high-performing teams in underwriting, collections, and customer service, and his expertise will drive Thredds credit product expansion and operational excellence. He was previously General Manager of Credit Cards at Paceline and held key roles at Railsr, where he served as Global Head of Servicing & Collections.

APACS 97

APACS Issuers Credit Cards AI 97

The Fintech Times

MARCH 31, 2025

ChAI Protect is already utilised by large publicly traded firms and is underwritten by tier one, A-rated, underwriters. This innovative price risk insurance will be of most value for raw materials where hedging is currently not possible, as no accessible derivatives markets exist.

Risk 64

Risk AI Underwriting Gateways 64

TechCrunch Fintech

JANUARY 11, 2024

Developers add Pier’s APIs with a few lines of codes, and the company then manages the credit lifecycle from end-to-end, including origination, underwriting, compliance and servicing. © 2023 TechCrunch. All rights reserved. For personal use only.

Underwriting 129

Underwriting Origination API Compliance 129

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

Clearly Payments

APRIL 24, 2025

Acquirer fees: Acquirer fees go to the financial institution that underwrites the credit and takes the financial risk. Heres a simple breakdown: Interchange fees: Interchange fees go to the customers bank (the card issuer). Assessment fees: These go to the card networks like Visa and Mastercard.

Large Merchants 99

Large Merchants Process Processors Volume 99

Finovate

NOVEMBER 14, 2024

The company’s streamlined underwriting and approval process makes decisions partially on the creditworthiness of a business’s customers. By leveraging the data around applicants’ customers, Paychex is able to service businesses that might not normally qualify for traditional loans.

Product 59

Product Payroll Small Business Underwriting 59

Fintech Finance

SEPTEMBER 6, 2024

Christensen will lead the company’s global acquiring and risk management teams, working to grow and manage relationships with processors and banks, as well as overseeing the underwriting and risk functions. He brings 20 years of experience in financial risk, electronic payments and credit cards to the role.

Risk 105

Risk Acquirers Risk Management Underwriting 105

PYMNTS

DECEMBER 22, 2020

The addition of a lower-cost, underwriter-free IPO option was formally approved by the U.S. The change comes at the end of a record-busy IPO year — and one with heightened attention to initial stock offerings that were conducted without traditional underwriters. Securities and Exchange Commission (SEC) Tuesday (Dec. 22), FT reported.

Underwriting 114

Underwriting Rules Blocks Innovation 114

PYMNTS

DECEMBER 7, 2020

But according to Pero, banks aren't always equipped to fulfill online sellers' working capital needs due to their legacy underwriting processes. It's as yet unclear whether traditional financial institutions will pull back from small business lending amid economic uncertainty. They're not looking at the future.".

Finance 142

Finance Small Business Underwriting B2C 142

PYMNTS

OCTOBER 19, 2020

So said that in a traditional screening process, SMEs “would send PDFs of bank statements or PDFs or their audited or unaudited financials, and banks [would] take weeks to underwrite. And the cost of underwriting a large borrower vs. a small SME was virtually the same.”. Information Asymmetry.

AI 120

AI B2B Underwriting Non-Bank 120

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. “SBCA is a game-changer, offering unparalleled insights into small business performance.

Visa 52

Visa Finance Embedded Finance Financial Inclusion 52

The Fintech Times

MARCH 30, 2025

. “Selected by top investors and industry leaders, their solutions are designed to tackle perennial business priorities in new ways from enhancing customer acquisition and retention to optimising portfolio management and improving underwriting.”

Innovation 80

Innovation FinTech AI Underwriting 80

Fintech Finance

JULY 26, 2024

This will provide consumers with the potential opportunity to benefit from Visa’s acceptance, the simplicity and ease of Marqeta’s platform, and Affirm’s technology and underwriting capabilities in Buy Now, Pay Later. We’re proud to be the first issuer processor in the U.S.

Credential 98

Credential Processors Issuers BNPL 98

The Fintech Times

JANUARY 17, 2024

. “A key component of our AI suite is our GPT -based assistant, ‘TensorAssist,’ tailored for underwriters. With these tools, a single underwriter can now do the work that used to take five underwriters. With these tools, a single underwriter can now do the work that used to take five underwriters.

AI 128

AI FinTech Underwriting Due Diligence 128

Finezza

MARCH 25, 2024

However, existing systems cannot accurately underwrite MSME businesses due to their unique needs and lack of credit history. For instance, the estimated credit gap of INR 33 trillion in Micro, Small, and Medium Enterprises (MSMEs) presents an opportunity for lenders to service this sector more efficiently.

Underwriting 101

Underwriting Posting Origination 101

Finovate

MARCH 17, 2025

Walmart shoppers will soon be able to use Klarnas installment loans in-store and online, with OnePay handling the user experience and Klarna underwriting the loans. OnePay will handle the user experience, while Klarna will be in charge of loan underwriting. The deal strengthens Klarnas U.S. “Millions of people in the U.S.

BNPL 59

BNPL Underwriting Agreements Volume 59

Payments Dive

FEBRUARY 28, 2023

The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

Underwriting 88

Underwriting 88

PYMNTS

DECEMBER 16, 2020

Zhang and his co-founder, Ansel Parikh, had been developing Finch initially as a way to integrate consumer lending products within online marketplaces and other businesses, unlocking those firms' customer data to underwrite financing.

Payroll 116

Payroll Underwriting Use Case API 116

Fintech Review

APRIL 4, 2025

“Our technology and underwriting algorithms provide rapid, fair decisions, ensuring seamless transactions for merchants and their customers.” The company’s mission is to remove financial barriers and foster growth through inclusive lending practices and advanced technology-driven underwriting.

Underserved 52

Underserved FinTech Underwriting Finance 52

Finezza

JANUARY 4, 2024

A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. The revenue growth and profitability of a lending business depend on several factors.

Transactions 94

Transactions Fraud Detection Risk Assessment Underwriting 94

Bank Automation

AUGUST 20, 2024

Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process.

Transactions 81

Transactions Credit Union Underwriting Procedures 81

Fintech Finance

NOVEMBER 3, 2024

Affirm underwrites every individual transaction before making a real-time credit decision and only approves consumers following an assessment that evidences their ability to repay. Affirm’s expansion to the UK adds to its presence in the US and Canada.

Consumer 98

Consumer Economy Regulatory Compliance Payment Networks 98

Fintech News

JULY 17, 2024

The acquisition leverages Allianz’s expertise in underwriting, product development, and data analytics, combined with Income Insurance’s strong market reach and distribution capabilities. The Asia-Pacific region remains a strategic growth area for Allianz, generating nearly EUR 7.7

Acquirers 118

Acquirers Underwriting Advisors Returns 118