Tag : risk assessment

PRMG Increases Application Conversions and Reduces Costs with Blend’s Soft Credit Functionality
Banking News

PRMG Increases Application Conversions and Reduces Costs with Blend’s Soft Credit Functionality

Business Wire
by Business Wire0
Blend, a leading provider of cloud banking services, announced that Paramount Residential Mortgage Group (PRMG) has seen a substantial increase in application conversions and significant cost savings after implementing Blend, which is the first digital banking platform to support soft credit pulls in the mortgage pre-qualification process. “PRMG has always......
Point Predictive Releases Groundbreaking First- and Third-Party Fraud Solution API for Fintech
Artificial Intelligence Fintech News

Point Predictive Releases Groundbreaking First- and Third-Party Fraud Solution API for Fintech

PR Newswire
by PR Newswire0
Renowned Fintech Innovators Barry Kirby and Lauren Crossett Join Point Predictive Advisory Board, Contributing to Next-Level Innovation and Growth On the heels of announcing its partnership with Sofi, Point Predictive, the leader in artificial intelligence (“AI”) fraud solutions for the lending industry, debuted a groundbreaking API designed exclusively for fintech and lenders.......
The Rating Agency Moody’s Affirmed Coop Pank’s Credit Rating. Bank Deposit Rating Remained on the Level of BAA2 With Stable Outlook.
Finance Fintech News

The Rating Agency Moody’s Affirmed Coop Pank’s Credit Rating. Bank Deposit Rating Remained on the Level of BAA2 With Stable Outlook.

PR Newswire
by PR Newswire0
Moody’s Investors Service affirmed the credit rating of Coop Pank AS. Investment grade credit rating with a stable outlook was affirmed at the same level as year ago. According to Paavo Truu, CFO of Coop Pank, the confirmation of the credit rating at the current level confirms that the bank......
Line Financial Revolutionizes Financial Inclusion with AI-Driven Approach
Fintech News Risk Management

Line Financial Revolutionizes Financial Inclusion with AI-Driven Approach

PR Newswire
by PR Newswire0
Line Financial Creator of Americas #1 Smart Wallet AppTM, expands its AI capabilities to capture $10 Trillion in Annual Spending Power at the Bottom of the Pyramid in the US Line Financial, a public benefit corporation and developer of America’s #1 Smart Wallet AppTM, announced it is expanding the AI......
Artificial Intelligence Cloud News Technology

Ex-Regulators Raise $1million To Help FinTech Grow Under Regulatory Scrutiny.

Fintech Staff Writer
by Fintech Staff Writer0
AMLYZE, a pioneering RegTech company, has closed a $1 million pre-seed financing round to further develop its anti-financial crime solutions for FinTechs, neo-banks, and crypto firms. AMLYZE is a SaaS company headquartered in Vilnius, Lithuania, that offers a variety of products designed to combat money laundering and other forms of......
Cable Raises $11 Million to Automate Effectiveness Testing of Financial Crime Controls
Compliance management News

Cable Raises $11 Million to Automate Effectiveness Testing of Financial Crime Controls

Business Wire
by Business Wire0
Cable’s effectiveness testing platform is in demand by more customers, with regulatory scrutiny and volatility escalating across the banking landscape Cable, provider of the all-in-one financial crime effectiveness testing platform, raised an $11M Series A from Stage 2 Capital and Jump Capital, with ongoing involvement from previous investors CRV. The......
EBA CLEARING to Enrich RT1 and STEP2 with Fraud Prevention and Detection Capabilities
Digital Payments News Security

EBA CLEARING to Enrich RT1 and STEP2 with Fraud Prevention and Detection Capabilities

PR Newswire
by PR Newswire0
The comprehensive solution will add insights from a central system view to the fraud-fighting efforts of STEP2 and RT1 users EBA CLEARING announced that it will enrich its SEPA payment systems, RT1 and STEP2, with fraud prevention and detection capabilities by November 2023. The Company’s new Fraud Pattern and Anomaly......
Fyle’s No-Code, Real-Time Expense Reporting Platform Can Now Help Us Banks Double Their Credit Card Spend Volumes
Banking News

Fyle’s No-Code, Real-Time Expense Reporting Platform Can Now Help US Banks Double Their Credit Card Spend Volumes

PR Newswire
by PR Newswire0
Fyle becomes the first in the industry to offer US banks a no-code expense management platform they can directly provide customers. The 8 largest banks in the U.S. accounted for over $700 billion in transaction volume on commercial cards in 2021. Yet, despite forming a large share of a bank’s customer base,......
X9 Seeks Participants for New Research into Bank-held Crypto Asset Risks
Cryptocurrency Finance News

X9 Seeks Participants for New Research into Bank-held Crypto Asset Risks

Business Wire
by Business Wire0
The Accredited Standards Committee X9 Inc. announced that it is launching a research effort into the risks associated with crypto assets held by financial institutions. The initiative will develop a Technical Report that will be titled TR 60: Risk Assessment Framework for Bank Provided Crypto-Asset Custodial Accounts. The group seeks participants from......
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