PYMNTS

MAY 1, 2020

Banks are reserving tens of billions of dollars against potential credit card and loan defaults. They’re eyeing risk exposure while at the same time trying to help consumers get back on their feet. The prospect of extending credit, of course, brings key issues into focus, primarily those of risk and fraud.

Credit Risk 61

Credit Risk Technology Leverage Banking 61

Future CFO

JUNE 28, 2020

The various policy measures will mitigate credit-negative pressure on companies, banks and the broader economy, but weakness in trade, commodity prices and general sentiment will weigh on growth for all five economies,” Deborah Tan, a Moody’s Assistant Vice President pointed out. “The

Credit Risk 40

Credit Risk Restructuring Currencies Manufacturing 40

PYMNTS

NOVEMBER 3, 2020

In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data.

B2C 122

B2C Banking Benchmarking B2B 122

PYMNTS

OCTOBER 3, 2017

French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). Tinubu Square’s customers are credit and surety insurers, trade finance banks and export credit agencies, according to reports. “The

Credit Risk 40

Credit Risk Startups Risk Management Finance 40

PYMNTS

NOVEMBER 12, 2020

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. ThinCats Links Up With Open Banking FinTech Salt Edge. But it may not always be smooth sailing ahead.

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

CFO News

APRIL 27, 2023

Speaking at the ‘Global Conference on Financial Resilience’, RBI Governor Shaktikanta Das shared the results of latest macro stress tests for credit risk conducted by the central bank which indicates that banks in India are well placed to comply with the minimum capital requirements even under severe stress situations.

Credit Risk 98

Credit Risk Banking 98

CFO News

APRIL 3, 2024

"This landmark transaction marks a pivotal moment in credit risk management and underscores the growing sophistication of financial instruments in the Indian market," said Parul Mittal Sinha, Head - Financial Markets, India, Standard Chartered Bank.

Credit Risk 40

Credit Risk Risk Management Banking Marketing 40

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

PYMNTS

APRIL 2, 2020

Every interaction tells banks what customers actually want, meaning FIs just need the right tools to interpret this data. billion by 2025, with banks of all sizes leveraging such capabilities. Data analytics can give banks valuable insights into their customers’ financial lives and help them offer tailored financial products.

Banking 94

Banking Risk Management Credit Risk Valuation 94

CFO News

SEPTEMBER 5, 2023

To address credit risks, Rao said financial intermediaries should consider credit risk as a core element in their strategies. Other participants, including MDs and CEOs of banking establishments, believed that India's solid financial regulations would contribute to its global leadership.

Credit Risk 52

Credit Risk Leadership Banking 52

PYMNTS

NOVEMBER 17, 2019

Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the Wall Street Journal (WSJ) reported on Sunday (Nov. S&P Global analysts figure that troubled lenders make up about 4 percent of China’s total banking capital.

Banking 61

Banking Credit Risk Forecasting Economics 61

PYMNTS

JANUARY 15, 2021

European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy. Euro-area banks are likely to face significant losses and further pressure on their already weak profitability prospects.”.

Banking 61

Banking Profit and Loss Credit Risk Economics 61

Future CFO

JULY 23, 2020

DBS Bank has partnered with business cloud software company Infor to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses, the technology firm said recently. . The post DBS Bank, Infor team to offer digital trade financing appeared first on FutureCFO.

Finance 52

Finance Banking Credit Risk Leverage 52

PYMNTS

NOVEMBER 7, 2018

In other news, the Swiss Financial Market Supervisory Authority (FINMA) is placing new digital currency restrictions on banks, Crytovest reported. In essence, the outlet reported that “banks must reserve significantly more capital to cover crypto losses compared to other asset classes.”

Banking 77

Banking Currencies Credit Risk Numbers 77

PYMNTS

NOVEMBER 11, 2020

The launch comes after a successful pilot program, Visa noted, with the focus of the chosen FinTechs ranging from small business credit risk and buy now, pay later to merchant search and transaction compliance. This means that financial institutions and businesses of all sizes are looking for ways to rapidly develop their offerings.”.

Credit Risk 110

Credit Risk Benchmarking Compliance Budgeting 110

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. Takeovers of banks are rare in China, and this is the first one in almost 20 years. The bank’s non-performing loan ratio, as of December 2016, was 1.68

Banking 63

Banking Construction Credit Risk Finance 63

PYMNTS

JUNE 17, 2019

regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are convoluted and complicated for institutions in both spaces to assess, according to a report by the Financial Times. Right now, different regulators look at different pieces of the same bank.

Banking 53

Banking Credit Risk Currencies Financial Systems 53

PYMNTS

NOVEMBER 10, 2020

It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. Ensuring Inclusive Banking. He said everyone in banking — from small credit unions to giant U.S. 15M In New Funding .

Math 138

Math Credit Risk Compliance Banking 138

PYMNTS

DECEMBER 9, 2020

NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk. Banks have long turned to a familiar set of tools for managing credit risk — late fees and other penalties. Artificial intelligence (AI) can help, but many banks lack the resources needed to properly implement it.

Credit Risk 81

Credit Risk B2B Banking Retail 81

PYMNTS

DECEMBER 10, 2020

And in banking, financial institutions can incorporate artificial intelligence into their consumer credit strategies at a time when a retroactive approach to credit risk management has become less feasible amid COVID-19. 80%: Share of banking interactions done online in 2020. All this, Today in Data.

Credit Risk 102

Credit Risk Risk Management eCommerce Banking 102

CFO News

JANUARY 3, 2023

Under the model, fintech companies will conduct all preliminary credit checks through a third-party application platform interface (API) and account aggregators. Individual banks can access these loan requests and fund them based on their internal credit risk parameters, sharing a commission or fee with the originating fintech company.

Credit Risk 52

Credit Risk Accounting Banking 52

PYMNTS

DECEMBER 5, 2018

With the threat of third-party cyber risks rising, the financial services (FinServ) industry is especially prone to hacks that can ripple through supply chains. This is particularly true as open banking initiatives encourage bank collaboration with third-party FinTech firms and facilitate the movement of data between platforms.

Securities 76

Securities Banking Risk Management Credit Risk 76

PYMNTS

JUNE 6, 2019

The Financial Times reports that a $647 billion “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and commercial settings. The data as compiled by Barclays comes in the wake of the state takeover of Baoshang Bank. Baoshang’s outstanding loans totaled 156.5 billion yuan ($22.68

Banking 43

Banking Credit Risk Financial Reporting Marketing 43

Future CFO

MARCH 16, 2023

“China’s policy support will have a modest overall impact on the country's sovereign credit, and benefit consumer goods and services companies,” she noted. This will limit the increase in RLG debt risk in China and leverage risk for state-owned infrastructure companies, the firm added.

Credit Risk 52

Credit Risk Economics Budgeting Forecasting 52

PYMNTS

APRIL 16, 2019

But it occurred to them that their solution was useful outside of HR — and that many of the things that made someone a good hire of over time could also make them a good credit risk over time, if the artificial intelligence (AI) model they were using to screen with were modified to that task.

Banking 89

Banking Math Credit Risk Education 89

PYMNTS

DECEMBER 14, 2020

“[Circumstances] have underscored the singular importance of artificial intelligence (AI) in managing credit risk as well as supporting other bank operations. AI can make it easier for financial institutions (FIs) to predict how likely their customers are to make timely payments and improve overall risk assessment capabilities.

Credit Risk 87

Credit Risk Data Analysis Banking Forecasting 87

PYMNTS

MARCH 12, 2020

Plaintiffs in a case that alleged JPMorgan Chase charged clients too much for buying digital currencies with their credit cards have reportedly arrived at a settlement with the bank, CoinDesk reported. Southern District Court that they came to a settlement with Chase Bank. The suit first surfaced approximately two years ago.

Currencies 52

Currencies Banking Credit Risk 52

Nerd's Eye View

APRIL 3, 2024

Meanwhile, a smorgasbord of potential risks threatens economic growth's "soft landing" narrative. Additionally, advisors may look to increase diversification with assets that have historically low correlation with economic cycles, including reinsurance, private lending, consumer credit, commodities, and long-short factor funds.

Economics 74

Economics Marketing Valuation Profit and Loss 74

PYMNTS

SEPTEMBER 17, 2019

Car leasing app Fair has secured a $500 million revolving credit facility led by Mizuho Bank. is among several credit providers also participating in the loan, which will be used to unlock new levels of growth for both Fair and its partner Uber by boosting the supply of rideshare vehicles for Uber drivers. SoftBank Group Corp.

Securities 40

Securities Banking Credit Risk Investments 40

PYMNTS

JULY 8, 2020

AI Also Helps Manage Credit Risk. For instance, Mastercard has been using AI to help its banking partners with credit risk management, aiming to provide the right amount of credit to customers — and the smartest collections efforts — in today’s uncertain economic climate.

Credit Risk 109

Credit Risk Risk Management Economics Securities 109

PYMNTS

NOVEMBER 20, 2017

China CITIC Bank and Baidu , China’s leading internet search company, announced Saturday (Nov. 18) the launch of a new direct banking joint venture. China CITIC Bank and Baidu are following in the footsteps of other technology and financial companies that have joined forces to launch FinTech businesses.

Banking 40

Banking Credit Risk Finance eCommerce 40

PYMNTS

APRIL 29, 2020

Of the seemingly inexhaustible uses of artificial intelligence (AI) in the financial sector, its applications around managing credit risk and optimizing payment services are among the most promising. percent are doing so in credit underwriting. The second-most common application is credit underwriting, as 71.4

Credit Risk 100

Credit Risk Banking Concentration Securities 100

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

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

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.

Banking 46

Banking Compliance Currencies Concentration 46

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 Compliance 52

PYMNTS

MAY 20, 2016

Perhaps no one wants to note this but it should be noted: At banks, at least some of them, loan loss reserves are creeping up. The implication is that credit risk has improved, and that means the allowances need not be estimated to remain as high. The roster here includes Bank of America, US Bancorp and Wells Fargo.

Banking 40

Banking Credit Risk 40