Latest Credit risk News: Finextra Research

Slovenská sporiteľňa picks Fico tech to sharpen lending

Slovenská sporiteľňa, the largest commercial bank in Slovakia, has chosen FICO Decision Optimizer to increase profitability and improve portfolio management for its cash loan portfolio.

28 June 2021

Company update/wholesale

Cross River Bank acquires data and analytics firm PeerIQ

CRB Group, Inc., the parent company of Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced that as of the first quarter of 2021, it has wholly acquired Synthetic P2P Holdings Corporation d/b/a PeerIQ (“PeerIQ”), a preeminent data and risk analytics firm that helps institutions analyze, assess and manage risk in the lending sector, as an affiliate of the New Jersey state-chartered FDIC-insured bank.

28 June 2021

Company update/people

Oliver Wyman's Sean Cory to join Qred as chairman

Swedish fintech company Qred has elected Sean Cory to become Chairman of the board for the company.

22 June 2021

Research/Credit risk

The advantage of Machine Learning in preventing fraud

17 June 2021 391 downloads

Company update/retail

BancorpSouth Bank taps 4most for credit risk support

Global risk analytics consultancy, 4most, has announced the provision of its USA CECL Economics Service to BancorpSouth Bank amidst the ongoing pandemic.

15 June 2021

Research/Credit risk

Identity verification’s integral position in evolving digital transformation

15 June 2021 326 downloads

Company update/retail

Intellect Design Arena ships iKredit360

Intellect Design Arena Ltd, the world’s most comprehensive IP-led solutions provider for leading financial institutions, announced the launch of iKredit360, a revolutionary credit platform exclusively designed for European financial institutions.

14 June 2021

Research/Credit risk

Refreshing Payment Orchestration for a digital future

11 June 2021 421 downloads

Company update/retail

Orange Bank to use tech from Younited to improve consumer credit ops

With nearly €500 million of consumer credit expected to be generated in France in 2021, Orange Bank wishes to extend and market its personal loan and assigned credit offers to new customers.

09 June 2021

Company update/startups

Oz credit risk platform Rich Data Corp raises $15 million

Rich Data Corporation (RDC), an industry-leading AI credit risk management platform, has raised $15 million via a strongly supported and upsized funding round.

09 June 2021

Company update/wholesale

Mswipe develops MSME score for risk based credit

Helping banks, financial institutions and non-bank finance companies (NBFCs) to better assess micro, small and medium enterprise (MSMEs) for credit solutions, Mswipe announced an industry first hybrid credit score in partnership with Equifax.

09 June 2021

Company update/retail

Northern Credit Union to deploy Scienaptic AI credit decisioning platform

Leading global AI-powered credit decision platform provider, Scienaptic AI announced the deployment of its platform at Northern Credit Union.

02 June 2021

Company update/people

Former JPMorgan Chase division CEO Kevin Watters joins FormFree board of directors

FormFree today welcomed Kevin Watters to its board of directors.

26 May 2021

Research/Credit risk

Five Business Benefits for Analysing and Combatting Fraud

20 May 2021 218 downloads

Company update/markets

Qontigo and Siepe team on risk analytics

Qontigo, an investment intelligence leader and provider of best-of-breed analytics and world-class indices, and Siepe, a trusted provider of technology, data and analytics solutions, have entered into an exclusive partnership to launch Axioma Risk: Elements, a pre-defined selection of data analytics from the award-winning risk management platform, Axioma RiskTM.

29 April 2021

News/sustainable

How to reimagine risk modelling in sustainable finance

From 8-9 December 2020, Finextra and ResponsibleRisk brought together experts in the sustainable finance space to discuss how stakeholders can re-imagine the role of risk modelling.

23 April 2021

Research/Credit risk

Adapting to a shifting Cards Landscape

14 April 2021 626 downloads

Company update/regulation

Esma fines Moody's €3.7 million for conflicts of interest failures

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has fined five entities in the Moody’s Group, based in France, Germany, Italy, Spain and the United Kingdom, a total of €3,703,000 and issued public notices for breaches of the Credit Ratings Agencies Regulation (CRAR) regarding independence and the avoidance of shareholder conflicts of interest.

30 March 2021

Company update/people

Fintern hires Mark London as chief risk officer

Prior to joining Fintern, Mark was a Partner at EY, where he specialised in Credit Analytics and led EY's Quantitative Advisory Services team of 200 quantitative analysts.

29 March 2021

Company update/wholesale

Creditinfo Group becomes majority shareholder of Kredītinformācijas Birojs (KIB)

Today, Creditinfo Group – the leading global credit information and decision analytics provider – announced that is has increased its stake in JSC “Kredītinformācijas Birojs” (KIB) to 51%, becoming the majority shareholder.

25 March 2021