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JANUARY 24, 2019

Also, what’s a simple and legitimate matter of credit risk ? Criminals have learned how to exploit situations in which fraud might — initially, but for a meaningful period of time — look like an issue of credit risk, which can make so much of fraud prevention reactive, not proactive. Here’s a test: What’s fraud?

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PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. The bank will also start using the cryptocurrency for Hong Kong Monetary Authority transactions in September.

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PYMNTS

MAY 1, 2020

Banks are reserving tens of billions of dollars against potential credit card and loan defaults. They’re eyeing risk exposure while at the same time trying to help consumers get back on their feet. The prospect of extending credit, of course, brings key issues into focus, primarily those of risk and fraud.

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PYMNTS

JANUARY 22, 2021

Given the roller coaster ride consumer finances have been on for the last 10 months, managing risk has become critical for financial institutions (FIs), both in terms of rising fraud counts and in terms of rising consumer delinquencies. Driving Actionable Intelligence In Real Time. And these models aren’t one-off events.

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PYMNTS

DECEMBER 19, 2016

16) said Lendingkart will offer its credit risk assessment technology to banks and other alt-lenders starting in 2017. According to Lendingkart Cofounder Harshvardhan Lunia, the company will look to expand its reach in the SME lending market over the next six months by having other banks use its credit risk analytics software.

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Credit Risk Banking Technology Planning 40

Future CFO

JUNE 28, 2020

The various policy measures will mitigate credit-negative pressure on companies, banks and the broader economy, but weakness in trade, commodity prices and general sentiment will weigh on growth for all five economies,” Deborah Tan, a Moody’s Assistant Vice President pointed out. “The

Credit Risk 40

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PYMNTS

OCTOBER 9, 2018

However, to get down to his concerns, the analyst said — per news reports such as CNBC — that the recently debuted “Square Installments” (which, as the name implies, offers payment plans) may expose the company in a way that makes it vulnerable to credit markets.

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PYMNTS

NOVEMBER 3, 2020

In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data.

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PYMNTS

OCTOBER 3, 2017

French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). Tinubu Square’s customers are credit and surety insurers, trade finance banks and export credit agencies, according to reports. “The

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Credit Risk Startups Risk Management Banking 40

PYMNTS

NOVEMBER 12, 2020

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. ThinCats Links Up With Open Banking FinTech Salt Edge. But it may not always be smooth sailing ahead.

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CFO News

APRIL 27, 2023

Speaking at the ‘Global Conference on Financial Resilience’, RBI Governor Shaktikanta Das shared the results of latest macro stress tests for credit risk conducted by the central bank which indicates that banks in India are well placed to comply with the minimum capital requirements even under severe stress situations.

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PYMNTS

MARCH 30, 2020

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

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PYMNTS

APRIL 2, 2020

Every interaction tells banks what customers actually want, meaning FIs just need the right tools to interpret this data. billion by 2025, with banks of all sizes leveraging such capabilities. Data analytics can give banks valuable insights into their customers’ financial lives and help them offer tailored financial products.

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PYMNTS

NOVEMBER 17, 2019

Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the Wall Street Journal (WSJ) reported on Sunday (Nov. S&P Global analysts figure that troubled lenders make up about 4 percent of China’s total banking capital.

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CFO News

SEPTEMBER 5, 2023

To address credit risks, Rao said financial intermediaries should consider credit risk as a core element in their strategies. Other participants, including MDs and CEOs of banking establishments, believed that India's solid financial regulations would contribute to its global leadership.

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PYMNTS

JANUARY 15, 2021

European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy. Euro-area banks are likely to face significant losses and further pressure on their already weak profitability prospects.”.

Banking 61

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Future CFO

JULY 23, 2020

DBS Bank has partnered with business cloud software company Infor to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses, the technology firm said recently. . The post DBS Bank, Infor team to offer digital trade financing appeared first on FutureCFO.

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PYMNTS

JUNE 1, 2020

To encourage banks to loan as much as $140.18 billion to small businesses during COVID-19, the People’s Bank of China (PBOC) is to begin purchasing loans local lenders provided to small businesses. The economy of China was reduced by 6.8 percent in Q1 compared to the year prior.

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PYMNTS

JUNE 17, 2020

In financial fraud, the breaches come when bank standards are lax. Australian bank Westpac Banking Corp. And that guiding principle is what leads fraudsters and bad actors to probe systemic vulnerabilities in banks’ compliance processes. may stand as Exhibit A here. There was no evidence of intentional wrongdoing.”.

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PYMNTS

NOVEMBER 7, 2018

In other news, the Swiss Financial Market Supervisory Authority (FINMA) is placing new digital currency restrictions on banks, Crytovest reported. In essence, the outlet reported that “banks must reserve significantly more capital to cover crypto losses compared to other asset classes.”

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PYMNTS

NOVEMBER 11, 2020

The launch comes after a successful pilot program, Visa noted, with the focus of the chosen FinTechs ranging from small business credit risk and buy now, pay later to merchant search and transaction compliance. This means that financial institutions and businesses of all sizes are looking for ways to rapidly develop their offerings.”.

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PYMNTS

MARCH 6, 2020

What some banks purport to be AI is often lumped together with other less sophisticated computational systems or, in some cases, not AI at all but the result of intensive human labor. bank executives at institutions ranging from $1 billion in assets to more than $100 billion. Yet, these claims do not always rest on a solid foundation.

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PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. Takeovers of banks are rare in China, and this is the first one in almost 20 years. The bank’s non-performing loan ratio, as of December 2016, was 1.68

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PYMNTS

JUNE 17, 2019

regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are convoluted and complicated for institutions in both spaces to assess, according to a report by the Financial Times. Right now, different regulators look at different pieces of the same bank.

Banking 53

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CFO News

APRIL 3, 2024

"This landmark transaction marks a pivotal moment in credit risk management and underscores the growing sophistication of financial instruments in the Indian market," said Parul Mittal Sinha, Head - Financial Markets, India, Standard Chartered Bank.

Credit Risk 40

Credit Risk Risk Management Banking Marketing 40

PYMNTS

NOVEMBER 10, 2020

It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. Ensuring Inclusive Banking. He said everyone in banking — from small credit unions to giant U.S. 15M In New Funding .

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PYMNTS

DECEMBER 9, 2020

NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk. Banks have long turned to a familiar set of tools for managing credit risk — late fees and other penalties. Artificial intelligence (AI) can help, but many banks lack the resources needed to properly implement it.

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PYMNTS

DECEMBER 10, 2020

And in banking, financial institutions can incorporate artificial intelligence into their consumer credit strategies at a time when a retroactive approach to credit risk management has become less feasible amid COVID-19. 80%: Share of banking interactions done online in 2020. All this, Today in Data.

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CFO Talks

AUGUST 21, 2024

IFRS 9 Financial Instruments: Managing Expected Credit Losses IFRS 9 introduced the concept of expected credit losses (ECL), which means companies must recognise potential credit losses earlier, based on a forward-looking model. This is particularly important for sectors like banking, where managing credit risk is a key focus.

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PYMNTS

DECEMBER 5, 2018

With the threat of third-party cyber risks rising, the financial services (FinServ) industry is especially prone to hacks that can ripple through supply chains. This is particularly true as open banking initiatives encourage bank collaboration with third-party FinTech firms and facilitate the movement of data between platforms.

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PYMNTS

JUNE 6, 2019

The Financial Times reports that a $647 billion “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and commercial settings. The data as compiled by Barclays comes in the wake of the state takeover of Baoshang Bank. Baoshang’s outstanding loans totaled 156.5 billion yuan ($22.68

Banking 43

Banking Credit Risk Financial Reporting Marketing 43

CFO News

JANUARY 3, 2023

Under the model, fintech companies will conduct all preliminary credit checks through a third-party application platform interface (API) and account aggregators. Individual banks can access these loan requests and fund them based on their internal credit risk parameters, sharing a commission or fee with the originating fintech company.

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PYMNTS

APRIL 16, 2019

But it occurred to them that their solution was useful outside of HR — and that many of the things that made someone a good hire of over time could also make them a good credit risk over time, if the artificial intelligence (AI) model they were using to screen with were modified to that task.

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Future CFO

MARCH 16, 2023

“China’s policy support will have a modest overall impact on the country's sovereign credit, and benefit consumer goods and services companies,” she noted. This will limit the increase in RLG debt risk in China and leverage risk for state-owned infrastructure companies, the firm added.

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PYMNTS

MARCH 12, 2020

Plaintiffs in a case that alleged JPMorgan Chase charged clients too much for buying digital currencies with their credit cards have reportedly arrived at a settlement with the bank, CoinDesk reported. Southern District Court that they came to a settlement with Chase Bank. The suit first surfaced approximately two years ago.

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PYMNTS

DECEMBER 14, 2020

“[Circumstances] have underscored the singular importance of artificial intelligence (AI) in managing credit risk as well as supporting other bank operations. AI can make it easier for financial institutions (FIs) to predict how likely their customers are to make timely payments and improve overall risk assessment capabilities.

Credit Risk 87

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PYMNTS

SEPTEMBER 17, 2019

Car leasing app Fair has secured a $500 million revolving credit facility led by Mizuho Bank. is among several credit providers also participating in the loan, which will be used to unlock new levels of growth for both Fair and its partner Uber by boosting the supply of rideshare vehicles for Uber drivers. SoftBank Group Corp.

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