Using alternative data to underwrite business loans to small- to medium-sized businesses (SMBs) isn’t new, whether pulling from social media or using other nontraditional means. Now, artificial intelligence (AI) is expanding the universe of alternative data sources — from bill pay history to community standing...
Today’s corporate treasurers are more than financial guardians. They must frequently help their organizations plot their way around the uncertainty of variable economic cycles that strain both their ability to predict and mitigate financial risk. Enter “smart treasury” — an approach to the role of...
Moody’s Corporation and BitSight announced a collaborative effort aimed at helping the companies’ customers identify and quantify cybersecurity risk and potential for financial exposure, according to a Monday (Sept. 13) press release. As part of the joint effort, Moody’s will invest $250 million in BitSight,...
Swiss bank Credit Suisse said on Friday (Aug. 13) it wants to add two risk experts to its non-executive board in the wake of a pair of recent scandals. Credit Suisse lost $5.5 billion as it tried to undo trades by family office Archegos and...
The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to work in a world on lockdown due to the pandemic. But as Avant CEO Matt Bochenek told Karen Webster in a...
Insurance company Porto Seguro is partnering with artificial intelligence (AI) technology firm Brighterion to manage credit risk and enhance customers’ experiences, the companies said in a press release Wednesday (May 26). Brighterion, a Mastercard company, has AI solutions that help pinpoint credit risk earlier in...
As mobile banking proliferates and digital-first initiatives become the hallmark of financial services, bringing FinTechs and banks together on the same page — literally — can save time and money as they develop new products and services. And new players are starting to enable those...
Enterprise IT solutions platform Oracle is introducing new cloud services to provide smaller banks with the ammunition to fight large-scale money laundering schemes, Oracle said in a statement on Wednesday (Oct. 28). The Oracle Financial Crime and Compliance Management Cloud Service delivers extensive cybersecurity capabilities...
A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back...