CFPB Monitor

SEPTEMBER 8, 2022

Although bank lending partnerships with fintechs continue to receive OCC attention, recent remarks by OCC officials indicate that OCC scrutiny is now also directed at partnerships outside of the lending arena. This approach is expected to enable a clearer focus by the OCC on risks and risk management expectations.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

MARCH 8, 2018

Credit underwriting is more reliant than ever on Big Data, and one of the industries in which this is most pronounced is the construction industry. Lenders have to mitigate risk on complicated building projects with lengthy timelines and a crowded supply chain that stretches far beyond the direct borrower.

Lending 100

Lending Data Fintech Industry 100

PYMNTS

NOVEMBER 15, 2016

Financial information firm Sageworks has announced its expansion into the world of SME lending. 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.

Lending 100

Lending Big Data Risk Management Taxes 100

PYMNTS

MAY 5, 2017

SME Lending. 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.

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 131

Data Big Data Regulation Risk Management 131

Independent Banker

MAY 25, 2016

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. Big Data can open new revenue streams by boosting the value of important relationships, but only when properly synced and analyzed.

Community Bank 84

Community Bank Community Big Data Data 84

FICO

MAY 5, 2022

How can transaction analytics deliver a major competitive advantage in lending? This is the topic I will be discussing at the Gartner Data & Analytics conference May 9-11 in London. The pandemic highlighted the over-reliance of banks on traditional data when making credit decisions. Here’s a preview. by Peter Ould.

Analytics 52

Analytics Lending Conference Data 52

Insights on Business

AUGUST 28, 2019

We’ve been quite vocal about our own transition to a risk management microservices architecture. Simulating analytics on financial instruments lends itself more toward parallelization so a lightweight microservice was created to use a large number of smaller instances to process larger jobs in lieu of managing a few larger instances.

Management 87

Management Risk Management Resources Analytics 87

American Banker

AUGUST 8, 2016

Under pressure from regulators to beef up risk management in commercial real estate lending, banks are using new software tools to improve analysis.

Big Data 28

Big Data Risk Management Data Analysis 28

FICO

JUNE 28, 2018

Shanghai Pudong Development Bank (SPDB) Credit Card Center, a credit card lending pioneer in China, has increased its customer base using originations powered by technology from analytics software firm FICO. FICO’s big data AI analytics has reduced risk by 50% with an a pproval rate that is four times higher.

Analytics 51

Analytics Cards How To Big Data 51

Insights on Business

AUGUST 28, 2019

We’ve been quite vocal about our own transition to a risk management microservices architecture. Simulating analytics on financial instruments lends itself more toward parallelization so a lightweight microservice was created to use a large number of smaller instances to process larger jobs in lieu of managing a few larger instances.

Management 70

Management Risk Management Resources Analytics 70

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

Gonzobanker

OCTOBER 30, 2014

Necessity being the mother of invention, they have deployed solutions that allow deep digital interviews (recorded for subsequent review by line managers), testing for certain positions, and a success rate that may not quite match face-to-face but is pretty close. People analytics is the new frontier. And it’s all happening fast.

Resources 96

Resources Training Tools Analytics 96

Gonzobanker

DECEMBER 20, 2019

Yes, because across the board Capital One’s executive team is committing to and delivering in the new world of Tech – cloud, big data, AI, open source, five-minute digital accounts – it’s big, expensive stuff and it’s hard work. The bank that got hacked via AWS wins the tech award? Might be time to.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

MARCH 6, 2020

Many financial institutions are leveraging robotic process automation (RPA) capabilities to improve customer experience and remain competitive.

Operations 84

Operations System Groups Technology 84

Gonzobanker

AUGUST 17, 2016

For example, staff can build a BI environment that collects data, measures and teaches the bank where customer pain points are. This gets Lending, Retail, HR, Marketing, Finance and Risk Management all involved. Got Big Data Under the Hood? Voice analytics in contact centers can surface pain points.

Leadership 60

Leadership Tools Big Data Risk Management 60

FICO

SEPTEMBER 30, 2022

Cortnie Abercrombie is a world recognized expert in AI and data analytics and has been named in media articles as one of “12 Brilliant Women in Artificial Intelligence & Ethics to Watch,” one of the “Top 100 Innovators in Data and Analytics,” and one of “10 Big Data Experts to Know.”

Meeting 52

Meeting Analytics Management Strategy 52

Tefkin

MAY 6, 2015

Beyond, if you think of insurance as a class of exotic financial products, is there a possibility for larger scale disintermediation similar to banks and alternative lending possible for carriers and alternative insurance funds. One of the historical asset of insurance is in its past loss data. Wikipedia).

Industry 50

Industry Examples Google Big Data 50

Payments Source

JULY 18, 2018

The acquirer OLB Group is positioning itself as a data steward for a future in which merchants will have predictive data to inform decisions on financing.

Data 63

Data Groups Payments Big Data 63

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. The business model here needs to focus on a strategy that balances lending growth while keeping risk in check.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

Fintech Labs Insights

NOVEMBER 18, 2015

It uses algorithms to provide robo-advisory for traditional banks who are losing affluent customers to dedicated money managers. BankersLab’s Benchmarking is an addictive simulation game for fintech investors, regulators, and bank executives to predict which managers and lending institutions will make good decisions.

Company 12

Company Comparison Customer Experience Management 12

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

Gonzobanker

DECEMBER 22, 2014

Execution Matters Big-Time Award – Data warehouse. The “We Don’t Need No Stinkin’ Big Data Because Small Data Works Just Fine” Award – Loan pricing engines. Risk Management. ??? Doing this right is easier said than done. Beware of buzzwords and prepare to get gritty. Technology Services.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Fintech Labs Insights

JULY 14, 2016

CrowdFlower tapped Microsoft to lead a $10 million round to further its big data analytics. Data analytics platform. Tags: SMB, lending, alt-lender, commerical loans, trade finance, billing, invoicing, cash flow, working capital. Bento for Business landed $7 million for its digital business banking platform. Alt-lender.

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

JANUARY 18, 2016

Financial supply chain management. Derivative risk management. Online consumer lending. Data analytics for financial services companies. Person-to-person small biz lending platform. Multi-family lending management. Source: Finovate. Person-to-person lender. Total raised: $69 million.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

MAY 15, 2015

Two FinovateSpring 2015 presenters landed big rounds: Credit Sesame raised $16 million to expand its debt management and credit tracking platform. Vouch landed $6 million to help put the “first P” back in P2P lending. Online lending ( Paidy ). Data analytics for commercial real estate. HQ: Tokyo, Japan.

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

JULY 17, 2015

Independent source of consensus credit risk. Big data analytics for financial institutions. Tags: Data analytics, business intelligence, BI. Total raised: $45.1 Source: Finovate. Online alt-lender. HQ: Palo Alto, California. Latest round: $35 million. Total raised: $42.7 Source: Crunchbase. AcadiaSoft. Credit Benchmark.

Fintech 12

Fintech Company San Diego Los Angeles 12

Fintech Labs Insights

SEPTEMBER 1, 2015

Advisor Software is a Cloud provider of sophisticated wealth management and digital investment advice APIs and apps for financial services enterprises. Alfa-Bank offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending.

Company 12

Company Software Analytics Mobile 12

Gonzobanker

DECEMBER 19, 2016

The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. While there has been plenty of talk for years around big data, intelligence and analytics, pragmatic applications of machine learning in other industries has inspired a great deal of new funding and projects this year. see [link] ).

Utah 60

Utah System Marketing Community 60

Gonzobanker

DECEMBER 19, 2016

The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. While there has been plenty of talk for years around big data, intelligence and analytics, pragmatic applications of machine learning in other industries has inspired a great deal of new funding and projects this year. see [link] ).

Utah 60

Utah System Marketing Community 60