PYMNTS

DECEMBER 5, 2018

. “I would characterize it as a Big Data issue — it’s very intimidating to get started in third-party risk management,” Simkins said. ” Inexperienced or unfamiliar professionals may take a bottom-up approach to third-party risk management, analyzing risk on a vendor-by-vendor basis.

Security 192

Security Fintech Risk Management Strategy 192

PYMNTS

MARCH 10, 2020

An expert in mid-market commercial lending-as-a-service, Trade Ledger wants to implement Wiserfunding’s SME Z-Score so it is convenient for lenders and administration. The global partnership will go after mid-market lenders and banks that generally use manual risk assessments to spot dicey clients.

Lending 130

Lending Big Data Risk Management Marketing 130

Insights on Business

AUGUST 28, 2019

If implemented appropriately, firms can use microservices to have technology infrastructure that is simpler to manage, utilizes resources more efficiently, and therefore provides additional value at a lower cost. We’ve been quite vocal about our own transition to a risk management microservices architecture. Don’t have data?

Management 70

Management Risk Management Resources Analytics 70

PYMNTS

JULY 19, 2018

But the regulatory landscape is becoming more unforgiving in some ways, with data privacy and consumer protection top of mind. The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations.

Fintech 107

Fintech Risk Management Big Data Management 107

Perficient

FEBRUARY 10, 2021

Technology solutions to apply alternative care methods, process sensitive data, and improve the overall consumer experience have been ingrained in the healthcare industry long before the arrival of COVID-19. Security, Data Privacy, and Intellectual Property Protection. In a recent project, we were able to help a leading, U.S.-based

Software 294

Software Innovation Company America 294

PYMNTS

MAY 18, 2017

The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. The more payment, cash management, cash flow forecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data.

Fintech 101

Fintech Risk Management Management Data 101

PYMNTS

JULY 22, 2016

Investors seem confident in the industry’s startups and their ability to provide adequate risk management and underwriting for their loans; VCs provided more than $11.5 million in B2B venture capital was divided among alt-finance, supplier payments and Big Data services startups this past week. Seed funding for U.S.-based

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7

Lending 134

Lending Fintech Guidelines Meeting 134

Abrigo

MARCH 6, 2017

3) @JohnRBarlow – John Barlow is president of Barlow Research, which provides market research for commercial banks. His Tweets mix news about middle market, small business and business internet banking with occasional pop culture references. It often Tweets columns tied to breaking news and statistics. Learn more here.

social media 150

social media Lending Community Community Bank 150

PYMNTS

MAY 5, 2017

In addition to the new funding, the company revealed Goldman Sachs Principal Strategic Investment group Managing Director Rana Yared would join its board as an observer. Based in China, IceKredit wields Big Data to provide credit evaluation services for small businesses. W2 Global Data. and international operations.

Fintech 137

Fintech Big Data Capital Data 137

BankUnderground

JUNE 25, 2020

But potential fragmentation of the global data supply chain now poses a novel risk to financial services. In this blog post, we first discuss the importance of data flows for financial services, and then potential risks from blockages to these flows. Big Data and financial services.

Data 110

Data Big Data Regulation Risk Management 110

FICO

SEPTEMBER 30, 2022

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Neeti Aggarwal, CFA senior research manager, The Asian Banker.

Meeting 52

Meeting Analytics Management Strategy 52

PYMNTS

MARCH 22, 2018

The company uses big data and machine learning to detect fake accounts, payment fraud, account takeover and content abuse. In fact, some estimate that the industry will become a $43 billion market by 2023 – and Sift Science is not the only player. Clients include Twitter, Airbnb, Twilio, Instacart, Zillow and Yelp.

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

OCTOBER 10, 2016

. $203 billion to be spent on Big Data analytics solutions by 2020 , said IDC, highlighting banking and manufacturing as the industries that will fuel this spend. That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions. One-fifth of U.K.

Big Data 100

Big Data Analytics Data Survey 100

PYMNTS

NOVEMBER 30, 2018

The cloud, artificial intelligence (AI) and robotics are all prevalent themes in this week’s venture capital breakdown, with startups working to overhaul entire processes for their enterprise customers, from logistics to workforce management. Its current solution suite includes an autonomous forklift and automated sorting capabilities.

Capital 156

Capital Management Technology Operations 156

PYMNTS

DECEMBER 11, 2018

In its 2019 Executive Perspectives on Top Risks survey, published last week, Protiviti surveyed 825 board members across industries and across geographic markets to understand how corporations today are preparing for the year ahead. On the whole, researchers noted, the c-suite perceives 2019 risks as greater than in years past.

North Carolina 163

North Carolina Survey America Big Data 163

PYMNTS

OCTOBER 25, 2019

Yet, small business (SMB) banking wasn’t the only highlight of this week’s B2B venture capital roundup, with the two largest fundraises showcasing China’s rising B2B FinTech ecosystem in areas like expense management and invoicing. Cybersecurity startup Firedome announced $10 million in new funding this week.

Capital 101

Capital Fintech blockchain Management 101

PYMNTS

MARCH 21, 2019

And the payment gateway from APACPAY gives access to more than 200 alternative payment methods, while its i-RiskCloud risk management service taps into artificial intelligence (AI) and big data. The payment platform from PagBrasil offers services from money collection to cross-border remittances. And, within 2025, 1.5

ATM 108

ATM Mobile Big Data Risk Management 108

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. billion of assets under management. This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. ConnectOne Bancorp, Inc.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

MARCH 19, 2018

These tactics cast a wide net of fraud over the fleet card industry – from issuers and acquirers to fleet managers, employers and employees themselves. The company’s latest solution, EazyFuel , offers fraud and risk management directly to all players in a fleet card transaction, in addition to payment processing and other capabilities.

Fraud 153

Fraud Cards eBook Data 153

FICO

JULY 16, 2019

Recent years have seen a rapid development of SPDB’s credit card market, an expanding scale of assets and stricter regulatory requirements on its collection business. In addition, the lender was also experiencing challenges to collection work and risk control due to human resource limitations.

Cards 40

Cards Big Data Strategy Risk Management 40

Independent Banker

MAY 25, 2016

Yes, but first, they must master the art of merging data to create a single (and marketable) view of customers. Risk management: If a customer has a loan and a credit-card account, for instance, a single view can allow lending teams a clearer picture of that customer’s payment history.

Community Bank 84

Community Bank Community Big Data Data 84

FICO

JULY 16, 2019

Recent years have seen a rapid development of SPDB’s credit card market, an expanding scale of assets and stricter regulatory requirements on its collection business. In addition, the lender was also experiencing challenges to collection work and risk control due to human resource limitations.

Cards 40

Cards Big Data Strategy Risk Management 40

PYMNTS

JULY 11, 2017

Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Analytics 109

Analytics Risk Management Fintech Data 109

FICO

MAY 5, 2022

Opening this market is a priority for lenders. And while many of these people are in developing markets with nascent credit infrastructures, there are plenty of so-called “credit invisibles” in the most mature credit markets as well. Transaction data can help increase the speed and accuracy of lending for banks.

Analytics 52

Analytics Lending Conference Data 52

Gonzobanker

AUGUST 17, 2016

Since BI initiatives are among the worst at scope creep and, well, going off a cliff, let’s start with a definition we can (hopefully) all agree on: Business intelligence helps turn internal transaction and external market data into an asset. Now, the top challenge organizations face in turning data into an asset is leadership.

Leadership 60

Leadership Tools Big Data Risk Management 60

FICO

APRIL 29, 2016

“Success comes from a thoughtful combination of long term strategy and short term delivery,” said Ivan Cavinato, head of credit risk management at Unicredit. Tim Nargassans, Core Boarding Lead at Vantiv, discussed the importance of creating decision management solutions that embrace agile concepts.

Analytics 40

Analytics DC Risk Management Washington 40

Gonzobanker

MARCH 6, 2020

But how do financial institutions determine if these operations groups are optimizing processes and staffing to drive profitability and gain market share? Loan and deposit operations processes often utilize myriad systems to manage daily work. A key area where they can do this is in the loan and deposit operations units.

Operations 86

Operations System Groups Technology 86

Insights on Business

JULY 1, 2019

The former was the domain of customer care professionals, contact center managers, marketing leaders and digital strategy teams with the goal of helping streamline and simplify products and services, as well as ensure proper resolution of customer issues post-purchase.

Compliance 96

Compliance Customer Experience Analysis Data 96

CB Insights

JULY 16, 2017

AIG’s investment in workplace wearable safety startup HCS is a play in reducing the risk of commercial claims, while its investment in cyber investigation firm K2 is meant to develop products to reduce client cyber risks. Hiscox’s latest investment, Indio , provides a workflow management platform for commercial insurance brokers.

Strategy 28

Strategy Marketing Analytics Innovation 28

Gonzobanker

DECEMBER 22, 2014

Rise of the Analytics Organization in a Dog-Eat-Dog World – Brush off your resumes Gonzoanalysts, at our client roundtables we heard about analytics organizations being formed and analysts and managers being hired to head them. The Big, Fat, Juicy App Award – MCX’s CurrenC app. THE STINKING FEDS AWARDS. 4 billion dollars ….

Los Angeles 101

Los Angeles Apple Risk Management California 101

CB Insights

DECEMBER 5, 2017

Assurant most recently made a $5M investment in professional rental management company Vacasa , while AIG made investments in 2015 in construction-site wearable safety firm Human Condition Safety and cyber defense services and compliance firm K2 Intelligence. Allianz Ventures. Number of investments: 6. American Family Ventures.

Strategy 28

Strategy Marketing Analytics Innovation 28

FICO

APRIL 17, 2021

It’s just part of the company’s DNA, a culture that attracts people who live for mathematics, analytics , simulation , optimization , decision modeling , and decision management. And break the spells that are holding your big data projects back. You can’t have a gathering of FICO people without things getting kind of nerdy fast.

Data 139

Data Analytics Management Meeting 139

FICO

FEBRUARY 22, 2021

AI and Big Data has spawned two new job descriptions: chief analytics officers (CAOs) and chief data officers (CDOs). This monitoring ensures that biases don’t creep in over time in the production environment, and can even indicate whether, over time, the model should be modified or abandoned. by Nikhil Behl.

Analytics 52

Analytics Data Software Digital Strategies 52

NCR

AUGUST 10, 2017

As far as AI is concerned, a recent report from Research and Markets noted that this concept is “poised to have a transformative effect on consumer, enterprise and government markets around the world” Annual worldwide AI revenue is expected to grow from US$643.7 million in 2016 to US$38.8 billion by 2025.

Industry 75

Industry Retail Innovation Payments 75

Gonzobanker

OCTOBER 30, 2014

Last week, I had the pleasure of spending two days with a group of nine HR managers at a GonzoBanker Roundtable discussing their successes, challenges and issues. We host roundtables for CEOs, CIOs and CFOs and Lending, HR, Marketing, Payments and Risk Management executives. People analytics is the new frontier.

Resources 96

Resources Training Tools Analytics 96

FICO

FEBRUARY 12, 2023

The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. It's a strategy that requires accurate customer validation and data analysis, with an emphasis on action-effect modelling rather than hypothesis.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52