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China’s Baoshang Bank Is Taken Over By Regulators Over Credit Issues

PYMNTS

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. The China Construction Bank (CCB), based in Baotou, will handle the bank’s business operations.

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Number of U.K. Firms In Significant Financial Distress Jumps

PYMNTS

Businesses considered to be in “significant” financial distress have had a minor County Court Judgment filed against them, or have been identified by Begbies Traynor’s credit risk scoring system. Research also pointed to the construction sector as a particularly weak point. The company recorded a 4.5 Meanwhile, 13.2

Numbers 46
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Fighting Real-Time Payment Fraud In Layers, With Moats

PYMNTS

In fact, Srinivasan added, the parameters of risk itself are changing. He noted that, with real-time payments , credit risk is largely negated, as transactions require immediate posting of debits and confirmation of sufficient funds — and it can be immediately ascertained whether or not user accounts are in good standing.

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Trade Credit Insurance

Finvisage

These figures suggest the high credit risk exposure of UK in a global perspective. increase which was followed by the construction industry at 1.2% UK economy is highly driven by 3 sectors considered as leading economic indicators, namely, Service, production and manufacturing and construction sector. from 45 last month.

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The Coming Millennial FinTech Crisis

PYMNTS

Sure, there are still ad sales guys and gals that touch the brands who want to advertise, but their pitches are delivered remotely (even in a self-serve capacity) via a well-constructed, well-scripted, data-driven sales pitch. Besides that, they’re the ideal credit risk and perfect target to stake the future of FinTech, payments and retail.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. “The Do FIs want to navigate card programs through that?”.

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Real Customer Satisfaction In Real Time

PYMNTS

According to DeCosmo , the basic definition of a real-time payments environment boils down “sub second responses” across a number of considerations, including credit risk and marketing efforts, with a benefit that comes from a “faster experience … that is also more streamlined.”