PYMNTS

OCTOBER 14, 2020

Artificial intelligence (AI) credit risk model provider Flowcast has unveiled the Tillful platform that provides quick, complimentary and transparent credit scores in addition to access to credit offers, according to a Wednesday (Oct. 14) announcement.

Credit Risk 56

Credit Risk Education Financial Data Economics 56

Future CFO

AUGUST 24, 2023

When it comes to the main credit risks, inflation and interest rates remain the most significant watch item for global credit, said Fitch Ratings recently. Included in these risks is a focus on commercial real estate (CRE) and rising challenges to China’s post-Covid recovery, according to the firm.

Credit Risk 52

Credit Risk Valuation Forecasting Banking 52

Global Finance

DECEMBER 16, 2024

As AI is piloted and adopted across all aspects of the personal and business banking landscape, Global Finance held a Digital Banking and AI Innovation panel in London with global financial industry leaders to explore the impact of new technologies and how to incorporate them in a way that creates a win-win for all stakeholders.

Banking 105

Banking Finance Leverage Technology 105

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.

Credit Risk 40

Credit Risk Banking Technology Planning 40

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.

Banking 106

Banking Credit Risk Profit and Loss Risk Management 106

PYMNTS

NOVEMBER 11, 2020

In particular, Visa said it is teaming with 13 different FinTech “solutions” in Europe it believes are the “forefront of this technology.”.

Credit Risk 110

Credit Risk Benchmarking Compliance Budgeting 110

PYMNTS

MAY 28, 2020

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

Technology 52

Technology Reconciliations Accounts Payable Credit Risk 52

PYMNTS

NOVEMBER 10, 2020

De Vere said part of the proceeds will fund a technology push to further develop software and make it more broadly available. Even so, he acknowledges that banks have a reputation for being slow to change, as well as deep organizations that require many different stakeholders on board — including legal, compliance and business/credit risk.

Credit Risk 138

Credit Risk Math Compliance Banking 138

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). The company raised about $62 million from investors at Long Arc Capital and Bpifrance; it will use the funding to focus on the development of its technology.

Credit Risk 40

Credit Risk Startups Risk Management Banking 40

PYMNTS

JULY 8, 2020

He said Mastercard has long used Brighterion ’s technology to provide a fraud score for every transaction that occurs on its network, making the information available to issuers as part of anti-fraud efforts. AI Also Helps Manage Credit Risk. They are good customers and therefore will be able to repay later,” Jha noted.

Credit Risk 109

Credit Risk Risk Management Securities Economics 109

Global Finance

FEBRUARY 5, 2025

After a third party runs a credit check and assumes the credit risk of non-payment, a purchaser can delay payment for a fixed period or pay in whole or installments. Using B2B BNPL, MSMEs avoid tapping their credit lines to pay invoices and avoid trade credit negotiations. Little (ADL).

B2C 52

B2C B2B Invoicing Credit Risk 52

PYMNTS

JUNE 25, 2020

As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. MineralTree Pairs For Global AP.

Invoicing 112

Invoicing Accounts Payable B2B Currencies 112

Global Finance

JULY 29, 2024

While artificial intelligence was already promising profound changes in the traditional banking business model, the latest innovation in the technology—generative AI—portends a multisensory revolution in banking services. AI algorithms analyze vast amounts of data to assess credit risk, detect anomalies, and prevent AML fraud,” Saxena notes.

Management Consulting 124

Management Consulting Banking Finance Compliance 124

PYMNTS

JANUARY 19, 2021

Dinie will enable these customers to easily purchase online, make investments in technology and digital marketing, whilst ensuring their cash flow isn’t so heavily impacted since they have an opportunity to match their investment with the revenue they generate later,” Ferreira said in the announcement.

eCommerce 85

eCommerce Finance Credit Risk Investments 85

PYMNTS

NOVEMBER 12, 2020

The Financial Stability Board this month issued a warning for financial institutions (FIs) that outsource key technologies and functions, warning of " systemic risk " associated with too much reliance on a third-party partner. But it may not always be smooth sailing ahead.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

PYMNTS

DECEMBER 15, 2020

On one hand, this can present an advantage to the market: Businesses are not weighed down by the legacy of years-old technologies and processes that create inefficiencies in other industry. On the other hand, when it comes to the cannabis supply chain, many businesses lacked cannabis-specific tools and technologies to operate.

B2B 111

B2B Accounts Payable Startups Invoicing 111

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

Credit Risk Data Analysis Banking Forecasting 87

PYMNTS

OCTOBER 7, 2016

Plati Potom develops post-payment solutions for eCommerce and offline retailers, as well as data analysis and credit risk management tools. For QIWI, this transaction is another step in implementing its M&A strategy of investing in promising teams and technologies in the FinTech space.

Data Analysis 55

Data Analysis Credit Risk Risk Management eCommerce 55

Global Finance

DECEMBER 9, 2024

But also, again, part of what we do within IFC is we try to get banks on that path of understanding climate risk and incorporating it in their overall credit risk management framework. But Im very excited about the prospects of green hydrogen and some other new technologies, if we can unlock it.

Marketing 98

Marketing Banking Finance Profit and Loss 98

PYMNTS

APRIL 2, 2020

Combining this technology with artificial intelligence (AI) can boost customer engagement and have innumerable benefits for FIs of all sizes and types. It is key to risk management functions, which entail assessing the likelihood that any given transaction could be fraudulent or present a credit risk.

Banking 94

Banking Risk Management Credit Risk Advertising 94

PYMNTS

NOVEMBER 15, 2016

14) that the company is entering the small business finance space with a new platform that adds to its existing consumer lending, credit risk and portfolio risk management offerings for financial institutions. Financial information firm Sageworks has announced its expansion into the world of SME lending.

Credit Risk 66

Credit Risk Risk Management Finance Banking 66

Global Finance

OCTOBER 31, 2024

Before the pandemic, DBS had relentlessly leveraged emerging technologies to help SMEs, especially micro and small enterprises, streamline services and manage credit risk. Digital payments, online banking, and blockchain technology emerged and became established during Gupta’s tenure, emphasizing SMEs.

Banking 52

Banking Finance Construction Foreign Exchange 52

PYMNTS

JULY 16, 2019

Lendbuzz’s technology allows the company to tap into this market. “We developed a unique underwriting platform based on alternative data points to evaluate credit risk. Data shows that more than 43 million foreign born nationals live in the U.S., with 27 million being working professionals.

Finance 49

Finance Credit Risk Securities Technology 49

PYMNTS

DECEMBER 22, 2020

Technologies and payment solutions are finding the opportunity to multitask with solutions that, while initially focused on the corporate buyer, have now expanded to tackle friction for the supplier as well. As it turns out, the technology can also ease friction for suppliers' AR operations, too. CardUp Eases Card Adoption In Asia.

Accounts Payable 79

Accounts Payable B2B Invoicing Accounting 79

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Credit Risk 52

Credit Risk Risk Management Economics Finance 52

Future CFO

MARCH 2, 2021

The credit impact will be mixed across fintech firms, financial institutions and the securitisation market in China , the credit rating agency said. Credit risks will increase for fintech companies involved in the online microloan businesses because they will have to assume more credit risk, the firm added.

Credit Risk 52

Credit Risk Economics Banking Securities 52

PYMNTS

JULY 18, 2017

Many of its customers have subprime credit, so making the right decision out of the gate is a critical part of protecting its revenue and reputation. “As As we work with business customers with non-prime credit, decisions around credit risk are key to the success of our business,” said Haijian Hu, head of Headway Capital.

Credit Risk 58

Credit Risk Education Banking Technology 58

PYMNTS

FEBRUARY 21, 2020

The Open Banking API technology puts accounts directly into a range of platforms for accounting, payroll and more so tasks can be handled at the same time. . The company also announced in September that it hired Rahul Duseja as its credit director. He comes from American Express as its head of credit risk for U.K.

Credit Risk 64

Credit Risk Startups Accounting Banking 64

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.

Banking 89

Banking Math Credit Risk Education 89

PYMNTS

JUNE 4, 2018

According to a study by Fortune , over 80 percent of Fortune 500 CEOs see the technology as very or extremely important to their company’s future. For companies looking to take advantage of the technology today, AI Express offers quick results along with the know-how to move forward with a full-fledged artificial intelligence deployment.”.

Credit Risk 48

Credit Risk Leverage Risk Management Securities 48

PYMNTS

DECEMBER 21, 2020

More and more companies are starting to leverage payments technology with [virtual cards] because of the value to all players in the ecosystem,” Fenton said. For example, our portfolio company, GDS Link, provides credit risk management solutions to lenders.

B2B 79

B2B Healthcare Investments Credit Risk 79

PYMNTS

JANUARY 7, 2021

Moving data and assets between those partners around the world continues to be both challenging and expensive, but automated technology can help ease the burden and open the door up to trade financing opportunities. Optimization Through Technology. You have to look at risk in its entirety," said Gugelmann. A Digitization Path.

Finance 70

Finance Credit Risk Banking Compliance 70

PYMNTS

NOVEMBER 18, 2020

That is par for the course for any new payment technology, he said, and it's up to financial services providers to expand education and awareness of the technology. Because the RTP network remains relatively young, Ledford noted that it's difficult to accurately assess exactly how businesses are using the technology.

B2B 82

B2B Credit Risk Invoicing Education 82

PYMNTS

JUNE 17, 2020

According to a report in ZDNet , Westpac said that “a mix of technology and human error” and “deficient financial crime processes” were behind the financial institution’s (FI’s) lack of compliance with anti-money laundering (AML) regulations. It’s expensive to do, and as a result, these risks take away from banks’ profitability.”.

Banking 75

Banking Compliance Risk Management Credit Risk 75

PYMNTS

APRIL 23, 2020

CRIF Realtime, which specializes in credit risk for businesses, said the new offering would use open banking technology and help businesses better see where they stand financially. Among the technologies available will be a pre-crisis funding report, which sets a date of Feb.

Credit Risk 56

Credit Risk Startups Technology Banking 56

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.

Finance 52

Finance Banking Credit Risk Leverage 52

PYMNTS

SEPTEMBER 20, 2018

That means the big opportunity for X Financial comes from the 400 million or so Chinese consumers who have credit cards, but are hampered by limits that are too low. Those limits remain low because China is relatively undeveloped when it comes to credit bureaus and assessing credit risk, which makes lenders cautious and consumers frustrated.

Credit Risk 66

Credit Risk Banking Finance Technology 66