Mirato simplifies the third-party risk management process with its Industry Landscape Map placing vendors into the most relevant categories.
The credit giant is adding advanced analytics to further assist lenders in managing their risk profiles while adding expanded credit models for small business loans and credit-card lines.
Financial institutions have access to a vast amount of customer data, including account information, transaction history, and credit scores. However, much of that data is siloed by different payment platforms and networks and out of reach when fraud teams need it most. Banks can address this data drought problem by finding ways to modernize their tech stack, getting creative with existing rails, and leaning on providers to gain scale.
Banks use relationship-based services to attract and retain customers in these times of higher interest rates. SunTec Business Solutions President Amit Dua said if these services are correctly deployed, they benefit both the bank and the customer.
The day after The Fed announced yet another (albeit smaller) rate hike, Arc launches a high yield account so startups can gain on idle cash.
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Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.
At the end of September, Lendistry reached the one-year mark running the Amazon Community Lending program.
The firm has helped members save upwards of $7 billion to date through retirement savings, investing, and rainy day fund planning.
Banks are haemorrhaging deposits and fintechs diversifying banking partners - Treasury Prime announces new partnership to help both sectors.
Financial institutions are grappling with increasing cybersecurity threats due to heightened cloud adoption and technological sophistication. To combat these challenges, financial institutions must take proactive measures to protect themselves. Red Hat’s Dr. Richard Harmon provides insight on three key measures that can mitigate risk: collaboration, automation and standardization.