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NEW REPORT: The Banks’ How-To Guide To Using AI To Manage Credit Risk

PYMNTS

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. This was not only costly for customers, but also financially dubious for their banks.

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Startup Scores $62 Million For Trade Credit Risk Solution

PYMNTS

French startup Tinubu Square has secured funding for its solution that provides trade credit risk management, according to news reports on Monday (Oct.2). The company raised about $62 million from investors at Long Arc Capital and Bpifrance; it will use the funding to focus on the development of its technology.

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How Mastercard Uses AI To Fight Fraud And Make Better Credit Decisions

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“We were focusing on acquirers before, and we are doubling down on that and providing both in terms of how to manage risky merchants and also how to manage [a] risky transactions portfolio and to ensure that they’re not getting fined for excessive fraud in their network,” Jha said. AI Also Helps Manage Credit Risk.

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Serent Capital Starts New Fund; Bullish On B2B Payments Category

PYMNTS

The first was the investment in early December of procure-to-pay healthcare payments company Procurement Partners. The new fund, according to the company, Serent’s Fund IV will remain focused on “investing in successful, bootstrapped businesses where Serent’s business-building capabilities can help drive future growth.”

B2B 79
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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Combining this technology with artificial intelligence (AI) can boost customer engagement and have innumerable benefits for FIs of all sizes and types. It is key to risk management functions, which entail assessing the likelihood that any given transaction could be fraudulent or present a credit risk.

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Budget Preparation Process: Full Step Guide

Spreadym

Create a Revenue Forecast: Estimate your expected income sources, including salaries, sales revenue, investment income, grants, or any other sources of revenue. Account for Savings and Investments: Allocate a portion of your income for savings, investments, or emergency funds.

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QIWI Buys Plati Potom For Undisclosed Sum

PYMNTS

Plati Potom develops post-payment solutions for eCommerce and offline retailers, as well as data analysis and credit risk management tools. For QIWI, this transaction is another step in implementing its M&A strategy of investing in promising teams and technologies in the FinTech space.