PYMNTS

MARCH 6, 2020

What some banks purport to be AI is often lumped together with other less sophisticated computational systems or, in some cases, not AI at all but the result of intensive human labor. bank executives at institutions ranging from $1 billion in assets to more than $100 billion. Yet, these claims do not always rest on a solid foundation.

Credit Risk 81

Credit Risk Compliance Banking Planning 81

PYMNTS

MARCH 30, 2020

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Accounting Standards 66

Accounting Standards Banking Credit Risk Compliance 66

Global Finance

JULY 29, 2024

Generative AI could help the Gulf’s traditional banks wrest the competitive advantage back from challenger and neobanks. 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.

Management Consulting 124

Management Consulting Banking Finance Compliance 124

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. Managing Risk.

Treasury 56

Treasury Banking Compliance Risk Management 56

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy. Shifts in Lending Practices.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

DECEMBER 21, 2020

Through invoice integration, the service boasts improvements to savings and offers a compliance audit feature that can help vendors cut spending. Serent’s focus has been on companies selling what he calls "picks and shovels" into FinTechs, lenders and other constituents instead of investing directly into banks and lenders.

B2B 79

B2B Healthcare Investments Credit Risk 79

PYMNTS

JANUARY 7, 2021

This success has laid the groundwork for traditional banks to now build upon this digital foundation with an array of technologies and tools, sometimes proprietary and sometimes offered by third parties, to optimize various workflows. You have to look at risk in its entirety," said Gugelmann. Optimization Through Technology.

Finance 70

Finance Credit Risk Banking Compliance 70

PYMNTS

DECEMBER 10, 2016

The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. banks at the time. The Trouble With “Not Being A Bank”.

GAAP 73

GAAP Compliance Valuation Auditing 73

PYMNTS

NOVEMBER 9, 2016

Through Circle, a user can connect the bank account they have to fund payments, and the recipients then receive those payments instantly. Doing that meant that Circle had to build out an AI-powered risk engine that allows it to make 90 percent of its risk and compliance decisions with machines rather than relying on compliance people.

Currencies 75

Currencies Compliance Communication Credit Risk 75

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. Open Banking Partnerships – Focus On Romania. Cash invested on the platform, said the company, stands at $2.7

Cash Management 53

Cash Management Data Analysis Credit Risk Risk Management 53

PYMNTS

NOVEMBER 30, 2018

Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. Which, Canfield notes, requires a different and more integrated risk management perspective going forward. Same as always.”.

Risk Management 65

Risk Management Invoicing Credit Risk Compliance 65

PYMNTS

NOVEMBER 19, 2019

Financial institutions (FIs) face the issue of whether to outsource their credit card programs or do it themselves – a decision that will maintain its importance in the coming new decade. No matter what, one of the biggest challenges in crafting a successful program is dealing with compliance and regulations, Geeslin said.

Mergers and Acquisitions (M&A) 56

Mergers and Acquisitions (M&A) Compliance Credit Risk Construction 56

CFO Talks

AUGUST 21, 2024

IFRS 9 Financial Instruments: Managing Expected Credit Losses IFRS 9 introduced the concept of expected credit losses (ECL), which means companies must recognise potential credit losses earlier, based on a forward-looking model. This is particularly important for sectors like banking, where managing credit risk is a key focus.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

Future CFO

MARCH 2, 2021

The China Banking and Insurance Regulatory Commission recently said all fintech platforms that offer banking services must comply with the same capital requirements as those imposed on traditional lenders. The regulator has set different deadlines for different financial services with the longest grace period of no more than two years.

Credit Risk 52

Credit Risk Economics Banking Securities 52

PYMNTS

OCTOBER 11, 2017

They can be costly, time-consuming and fraught with risk. Banks that power international payments must satisfy the regulations and standards on both ends of the transaction, but while also protecting the transacting parties and the funds moving between them. First, a middleman removes the credit risk.

Credit Risk 40

Credit Risk Currencies Startups B2B 40

Future CFO

SEPTEMBER 20, 2023

The World Payments Report 2023 draws on insights from two primary sources – the Global Large Businesses Survey 2023 and the Global Banking and Payments Executive Surveys and Interviews 2023, according to the firm. Global non-cash transaction volumes will reach 1.3

Cash Management 52

Cash Management Treasury Credit Risk Retail 52

PYMNTS

MARCH 2, 2016

Last week, Ripple published a report outlining some of its boldest claims about the potential of distributed ledger technology, including that it could save banks money. We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global Interbank Settlements.”

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

JULY 11, 2017

The International Chamber of Commerce Banking Commission recently released a report that found an imbalance between supply and demand of trade finance services. 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.

Finance 43

Finance Invoicing Profit and Loss Credit Risk 43

CFO Talks

DECEMBER 8, 2021

That’s a lot of compliance to cover. This is a role she’s performed since 2020 and a risk analyst at the South African Reserve Bank, while concurrently serving as a non-executive director at the Institute of Bankers of South Africa, on a pro bono basis. LINDELANI GUMBO: Good morning, Ciaran.

Auditing 72

Auditing Accounting Banking Risk Management 72

The Finance Weekly

AUGUST 26, 2023

For example, it manages borrower’s credit data and spots early financial signs. This helps lenders proactively tackle credit risks. Also, AI's predictive analysis forecasts borrower defaults and risk levels using data. AI aids loan decisions, assessing individual risk profiles for granting loans and setting rates.

Risk Management 52

Risk Management Profit and Loss Currencies Compliance 52

PYMNTS

JUNE 7, 2018

Most business still looked to banks, despite the fact that in the wake of the financial crisis and subsequent credit crunch, lending from banks more or less ground to a halt where SMBs were concerned. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.

Invoicing 49

Invoicing Data Analysis Credit Risk Risk Management 49

PYMNTS

MAY 10, 2016

I feel that our competitive advantage compared to traditional banks is really long lasting because, again, it is grounded in technology and cost, not something they can react to. “. The kinds of people who come to work at Lending Club are those who say, “I want to transform the banking industry. Network effects in reverse. “No

Compliance 41

Compliance Auditing Investments Credit Risk 41

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The Rundown on the Run-up to the Decisions.

Valuation 54

Valuation Startups Banking CFO 54

PYMNTS

JUNE 6, 2018

Most business still looked to banks – despite the fact that in the wake of the Financial Crisis and subsequent credit crunch lending from banks more or less ground to a halt where SMBs were concerned. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.

Invoicing 40

Invoicing Data Analysis Credit Risk Risk Management 40

Barry Ritholtz

AUGUST 15, 2023

Let me say what your compliance wouldn’t allow you to say. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. ” And just like the change bank from “Saturday Night Live, “We’ll make it up in volume.

Investments 52

Investments Benchmarking Marketing Treasury 52

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. Australia’s ANZ Bank led a $1.56 Australia’s ANZ Bank led a $1.56 ForwardLine Financial.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

Barry Ritholtz

FEBRUARY 13, 2023

In fact, I was going to be a strategist, financial analyst to work for a bank and write research reports. And the ability to say, gosh, you know, there’s a lot of stuff in fixed income, that for a variety of reasons, central bank owns it, a pension fund owns it, insurance companies own it. RIEDER: Right. It has no value.

Mergers and Acquisitions (M&A) 58

Mergers and Acquisitions (M&A) Marketing Investments Education 58

Barry Ritholtz

JUNE 3, 2024

We can take the excess off your hand, you can put it Bank of Sherman and generate some return. Jeffrey Sherman : No, you can just put it in the Bank of Sherman. I didn’t realize that the banking system wasn’t transmitting that mechanism. That seems like a a no brainer trade for not taking credit risk right now.

Math 58

Math Marketing Treasury Valuation 58