Credit risk

Nigerian rating agency partners with European fintech to revolutionize credit risk

DATAPRO, a technology-driven Nigerian Credit Rating Agency (CRA), is using an out-of-the-box approach and disruptive app to collaborate with Modefinance, the first fintech agency in Europe. The collaboration focuses on revolutionizing and modernizing the credit risk analysis and management industry in the country with “Tigran”, a rating product as a service (RAAS). Head of Product […]

Credit risk

KeyBank Joins Credit Risk Navigator, AFS/RMA’s Next-Generation Commercial Credit Risk Benchmarking Service | News

EXTON, Pa.–(BUSINESS WIRE)–March 3, 2022– Automated Financial Systems, Inc. (AFS®), a leading provider of software solutions and services to financial institutions, and The Risk Management Association (RMA), which advances enterprise-wide risk management company through education, products and community, today announced that KeyBank (NYSE: KEY) has become the latest institution to join the RMA Credit Risk […]

Financial credit

ASAPP, Tandia Financial Credit Union and Central 1 Launch Canada’s First Account and Loan Creation Plugin for Forge

TORONTO, ON, CANADA, February 25, 2022 /EINPresswire.com/ — ASAPP OXP and Central 1 are thrilled to announce the successful launch of Canada’s first account opening and lending experience integrated with the Forge digital banking platform. Central 1’s Forge Community Team, ASAPP Platform Development Team, and Strategic Testing and Deployment Partner Tandia Financial Credit Union have […]

Credit provider

Younited is expected to reach $5.7 billion in GMV in 2022

Younited, a European instant credit provider, posted record growth in 2021 and expects to reach 5 billion euros ($5.7 billion) in gross merchandise value by the end of this year, announced the Paris-based company Thursday, February 17. “The exceptional pace of our development demonstrates the perfect match between our instant credit offer and the exponential […]

Credit risk

Credit Risk Database Market Recovery Report and Impact Analysis – Visymo, SimpleRisk, Creditriskmonitor

The Credit Risk Database (CRD) helps to alleviate the problem of information asymmetry between small and medium-sized enterprises (SMEs) and financial institutions and helps improve SMEs’ access to finance by collecting a large number of annual accounts through the SME mechanism. financing and the construction of a robust statistical model. The Credit Risk Database Market […]

Credit risk

Bukele’s Bitcoin Trade Increases El Salvador’s Sovereign Credit Risk: Moody’s

El Salvador’s historic adoption of bitcoin (BTC) could negatively impact the country’s sovereign credit outlook, according to Moody’s Investors Service. Moody’s analyst Jaime Reusche told Bloomberg this week that El Salvador’s bitcoin bet “certainly adds to the risk portfolio” of a country that has struggled with liquidity issues in the past. Under the leadership of […]

Credit risk

BOK chief concerned about rising credit risk for households and self-employed

BOK Governor Lee Ju-yeol speaks during a press briefing held at the central bank’s headquarters in Seoul on December 16, 2021. (Bank of Korea) South Korea’s central bank chief on Tuesday urged local financial institutions to prepare for the possibility of growing credit risk from highly indebted households and the self-employed as the country continues […]

Credit risk

Chinese banks face slower loan growth, squeezed margins and credit risk in 2022

Slowing loan growth, squeezing margins and increasing credit risk will weigh on Chinese banks as we enter 2022. Beijing’s latest attempts to free up more liquidity for loans are too small to revive credit growth, which has slowed to its lowest pace in more than 15 years, analysts said. The easing measures, which include lowering […]

Credit risk

BOK chief concerned about rising credit risk for households and self-employed

BOK chief concerned about rising credit risk for households and self-employed BOK Governor Lee Ju-yeol speaks during a press briefing held at the central bank’s headquarters in Seoul on December 16, 2021. (Bank of Korea) South Korea’s central bank chief on Tuesday urged local financial institutions to prepare for the possibility of growing credit risk […]

Credit risk

WTW Launches New Trade Credit Risk Modeling Tool

Willis Towers Watson has launched a new risk and analysis model for commercial credit. The model analyzes customers’ trade receivables to forecast potential losses over a range of statistical scenarios. The model provides a risk assessment and allocation across an overall portfolio, region, business sector and individual buyer; portfolio-based default probability of loss forecasts; and […]

Credit risk

New Federal Reserve Guidelines on Credit Risk Management in Transactions with Investment Funds – How to Avoid Another Archegos-like Effect

In one orientation letter published on December 10, 2021 (SR 21-19) (the “Guidance Letter”), the Federal Reserve Board reiterated the proper management of credit risk that financial institutions should consider when dealing with clients of Investment Funds. The guidance letter focuses on the appropriate identification of red flags to enable supervised financial institutions to assess […]

Credit line

How the line of credit is redefining accessibility to credit for millennials

Line of credit is one of the new age products that allows you to borrow money over and over, up to a predefined limit. As the younger generation does not hesitate much to use credit for the purchase of goods and services, as well as traditional means such as bank loans and credit cards, various […]

Credit risk

Is Now a Good Time to Invest in Credit Risk Funds?

As this report indicates, credit risk funds may offer better returns because the spreads between AAA and AA are still attractive, but not as attractive as they were in the aftermath of the Franklin Templeton fiasco. On October 5, 2021, Moody’s changed the outlook for India’s sovereign ratings from negative to stable and maintained its […]

Credit risk

Is Now a Good Time to Invest in Credit Risk Funds?

As this report indicates, credit risk funds may offer better returns because the spreads between AAA and AA are still attractive, but not as attractive as they were in the aftermath of the Franklin Templeton fiasco. On October 5, 2021, Moody’s changed the outlook for India’s sovereign ratings from negative to stable and maintained its […]

Credit line

Xi Jinping promises $ 10 billion line of credit to African financial institutions

Reuters Monday, November 29, 2021 9:27 a.m. Nov. 29 (Reuters) – Chinese President Xi Jinping on Monday announced that a cross-border Sino-African yuan center would be set up to provide African financial institutions with a $ 10 billion line of credit. China will also offer an additional 1 billion doses of COVID-19 vaccines to African […]

Credit risk

‘More power for them’: OSFI attacks investors as house prices soar

The head of Canada’s financial system watchdog is sounding the alarm on the use of home equity lines of credit (HELOCs), which he says could “simultaneously fuel and help Canadians afford real estate valuations on the rise ”. “The use of HELOC loans and non-traditional home-backed products can result in larger and more persistent outstanding […]

Credit risk

‘More power for them’: OSFI attacks investors as house prices soar

The head of Canada’s financial system watchdog is sounding the alarm on the use of home equity lines of credit (HELOCs), which he says could “simultaneously fuel and help Canadians afford real estate valuations on the rise ”. “The use of HELOC loans and non-traditional home-backed products can result in larger and more persistent outstanding […]

Credit risk

Residential mortgage credit risk has increased only “modestly”, says OSFI

The head of the agency responsible for overseeing Canada’s federally regulated lenders said Tuesday that residential mortgage credit risk had increased “only modestly.” Peter Routledge, head of the Office of the Superintendent of Financial Institutions (OSFI), made the comment during a virtual speech to financial analysts in Vancouver. This is against the backdrop of “very […]

Financial credit

More features + fewer providers = a better digital bank for Maroon Financial Credit Union

PORTLAND, Ore., November 18, 2021 / PRNewswire / – When Maroon Financial Credit Union ($ 58 million assets; 7,000 members) purchased a new digital banking platform, hoping to resolve several issues. The Chicago, Illinois.The credit union currently uses different providers for online and mobile services. And because the mobile system is neither integrated with the […]

Financial credit

More features + fewer providers = a better digital bank for Maroon Financial Credit Union | New

PORTLAND, Ore., November 18, 2021 / PRNewswire / – When Maroon Financial Credit Union ($ 58 million assets; 7,000 members) purchased a new digital banking platform, hoping to resolve several issues. The Chicago, Illinois.The credit union currently uses different providers for online and mobile services. And because the mobile system is neither integrated with the […]

Credit risk

Should you invest in credit risk funds at this point?

On October 5, 2021, the rating agency Moody’s changed the outlook for the Indian government’s ratings from stable to negative and confirmed the long-term ratings of foreign and local currency issuers as well as the senior unsecured currency rating. local to Baa3. The rating agency noted that the downside risks associated with negative reactions between […]

Financial credit

Power Financial Caisse populaire eliminates all overdraft fees and insufficient funds to strengthen member finances

Power Financial Caisse populaire We help our hard-working members save more money for the things that matter most. PEMBROKE PINES, Florida (PRWEB) 05 October 2021 The Power Financial Credit Union (PFCU), one of South Florida’s largest credit unions, is pleased to announce that it will eliminate all overdraft fees and insufficient funds for its personal […]

Credit risk

Abrigo Improves Credit Risk Management Software with Automated Loan Review Workflow

Abrigo Loan Review helps financial institutions better understand and identify the risks within their portfolio. Tweet this The software also gives management greater visibility into the health of the portfolio. With Abrigo Loan Review, financial institutions can easily monitor portfolio health with actionable reports and uncover problematic loans earlier. All documents are securely stored in […]

Credit risk

Predicting consumer credit collection failure: classification approaches

Predicting consumer credit collection failures: classification approaches – Journal of Credit Risk We analyze real data on credit collection program applicants and find the main determinants of credit collection failure. We present forecasting models to predict credit collection failure. Artificial neural network algorithms can make better predictions than logistic regressions or other methodologies. This study […]

Credit line

Arzooo allocates a line of credit of Rs 300 cr to retailers of durable consumer goods

Sales of consumer durables are expected to boom this holiday season, the biggest selling season of the year, translating into a huge user base for existing retail store owners. However, with the pandemic having had a huge impact on the offline retail market, securing working capital and meeting customer demand at a reasonable cost is […]

Credit risk

London’s Wiserfunding secures £ 3million to disrupt SME credit risk space

Wiserfunding, a London-based fintech company specializing in assessing SME credit risk, has secured a £ 3million investment from BGF, the UK’s and UK’s most active growth capital investor ‘Ireland. How will the funding be used? The company will use the funding to accelerate its international expansion and strengthen its global position. Wiserfunding will use part […]

Credit risk

Telecommunications and Technology Credit Risk Trends: A Mid-Year 2021 Perspective

The effect of COVID-19 on industries has varied considerably and will continue to be felt for years to come in terms of growth prospects, financial policies and credit metrics. This is all the more true as the evolution of working and leisure methods continues to accelerate. This blog examines S&P Global Ratings’ outlook on credit […]

Credit risk

Excess liquidity and credit risk pricing. Are we doing enough, asks SBI

In the aftermath of the pandemic, the Reserve Bank of India (RBI) has been at the forefront of stabilizing the financial system to keep liquidity in excess mode. The average net sustainable liquidity injected into the banking system since April 2021 is Rs9.3 lakh crore. However, excess liquidity creates credit risk for financial institutions, according […]

Financial credit

Tandia Financial Credit Union to implement AI-powered FICANEX chatbot

TORONTO, September 15, 2021 / CNW / – Prodigy Ventures Inc. (TSXV: PGV) (“Prodigy“or the”Society“) and FICANEX Technology Inc. (“FICANEX technology“), an entity wholly owned by Prodigy, are pleased to announce that Tandia Financial Credit Union is the last financial institution to adopt tunl.chat by virtue of an agreement concluded on September 14, 2021. Using […]

Financial credit

TruMark Financial Credit Union operates NCR

TruMark Financial Credit Union has chosen software and technology provider NCR Corporation for its digital banking experience, NCR said in a press release on Tuesday, August 24. The Pennsylvania Suburban Credit Union said a stable digital banking partner is an integral part of its overall digital transformation strategy. With NCR Digital Banking, TruMark Financial can […]

Financial credit

Newswire & Press Release / Christian Financial Credit Union Partners with NCR Corporation for Superior Digital Banking Experience – Merchant Equip. / Service / ATM – Radiant Systems, Inc. | RCN

NewswireToday – / newswire / – Atlanta, Georgia, United States, 2021/08/18 – NCR Corporation announced that Sterling Heights, Mich., Based Christian Financial Credit Union has selected NCR to provide a more modern and comprehensive digital banking experience for its members – ChristianFinancialCU.com / NCR.com. NASDAQ: RADS; RCN NCR Corporation, a global provider of enterprise technology, […]

Financial credit

Christian Financial Credit Union calls on NCR for digital banking

NCR Corporation (NYSE: NCR), a global provider of enterprise technology, today announced that Christian Financial Credit Union, based in Sterling Heights, Mich., Has selected NCR to deliver a more modern and better digital banking experience. complete to its members. The credit union has partnered with NCR as a critical part of its ongoing digital transformation […]

Financial credit

Jack Henry supports TruStone Financial Credit Union through scale merger

MONETT, Mo., August 10, 2021 / PRNewswire / – Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily to the financial services industry. Its Symitar® division announced today that TruStone Financial Credit Union is leveraging its open technologies to maintain a personal touch with members […]

Financial credit

Nuance Brings Virtual Assistant and Voice Recognition Security to Wings Financial Credit Union

July 28, 2021 at 3:30 p.m. Minnesota’s largest credit union will integrate Nuance’s voice AI to serve as a virtual assistant and biometric security for customers. Wings Financial Credit Union is part of the growing trend for financial institutions to integrate voice technology into their services, and is working with Nuance even as the developer […]

Credit provider

Slice, provider of credit for young workers, targets 1 billion gross transactions

Slice, a credit and payment startup aimed primarily at young professionals, has raised a cumulative debt of Rs 165 crore from 18 major financial institutions. This includes Northern Arc Capital Limited, Vivriti Capital Private Limited, AU Small Finance Bank, Incred Financial Services Limited, Pace Fincap Private Limited, Western Capital Advisors and Innoven Capital India. Of […]

Financial credit

121 Financial Credit Union signs for NCR Digital Banking

NCR Corporation (NYSE: NCR), a global provider of enterprise technology to the financial industry, today announced that Jacksonville, Fla.-Based Financial Credit Union 121 (“One to One”) has selected NCR Digital Banking to create a seamless experience between its and digital environments, allowing members to easily move from one point of contact to another when needed. […]

Financial credit

121 Financial Credit Union chooses NCR Digital Banking for consumers and NCR Digital Banking for businesses

ATLANTA – (COMMERCIAL THREAD) – NCR Corporation (NYSE: NCR), a global provider of enterprise technology to the financial industry, today announced that Jacksonville, Fla.-Based Financial Credit Union 121 (“One to One”) has selected NCR Digital Banking to create a seamless experience between its physical and digital environments, allowing members to easily switch between touchpoints as […]

Financial credit

American Eagle Financial Credit Union Selects Fiserv to Improve Member Experience and Drive Innovation

BROOKFIELD, Wisconsin – (COMMERCIAL THREAD) – Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that American Eagle Financial Credit Union (AEFCU), based in East Hartford, Connecticut, selected Fiserv to help transform its member experience and drive innovation in an increasingly competitive environment. American Eagle Financial Credit Union was […]