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Qarar Predicts Top 5 Consumer Credit Risk Trends for 2018 in the Middle East

The risk landscape in the Middle East is changing rapidly. Every day brings new challenges that considerably alter how companies respond to and manage risk. To help companies keep their footing in this shifting landscape, Qarar, a leading regional decision analytics company, is sharing its top five consumer credit risk trends for 2018 in the Middle East. Streamlining Routine Operational ... Read More »

Kreditech Ranked Among Top 10 Fintechs Worldwide

Consumer lending company focused on underbanked segment ranked 7th among leading fintech company worldwide and receives award as one of the fastest growing companies in Germany Kreditech, the leading technology group for digital consumer lending using machine-learning based underwriting, is celebrating the acknowledgement of its rapid business growth: KPMG and fintech investment firm H2 ventures just ranked Kreditech 7th out of ... Read More »

The Beginning of the Golden Age of AI?

Contribution by Scott Zoldi of FICO: Analytic Predictions 2018: 31 Flavors of AI Although my predictive powers don’t hold a candle to Carnac the Magnificent, this prediction from my 2017 analytics forecast certainly held true: “I think that we are just at the beginning of the golden age of analytics, in which the value and contributions of AI [artificial intelligence], machine learning [ML] ... Read More »

China Continues Its Quest for A Credit Ranking System

China is on the hunt for a homegrown alternative to the U.S.-based FICO score credit ranking system as it attempts to keep up with the rapid expansion in consumer loans being offered through mobile. Lacking such a single system, online lenders instead use a patchwork of methods to assess consumer credit worthiness, including things like online questionnaires and analysis of ... Read More »

S&P Global Realigns Operational Structure

S&P Global Reveals New Integrated Operating Model to Power the Markets of the Future – Innovative Strategy will enable the Company to Deliver and Execute with Agility, Authority, and Accountability Seeing a global economy full of opportunity, S&P Global (NYSE: SPGI) announced that it will launch a new, integrated operating model effective January 1, 2018. This innovative approach will result in ... Read More »

The Future of Lending

BIIA member Creditinfo has published a very interesting report on the future of the lending industry: 2020 Global Lending Industry Trends. The report covers three major developments in the lending industry: Added value lending Full picture scoring Hyper-segmentation Full picture scoring is about the other types of data e.g. account balance, spending habits or even education and job position that ... Read More »

Let’s Expand Credit Access Responsibly

On December 12, 2017 FICO took out a full-page ad in the Wall Street Journal.  FICO stated: This is the start of an initiative to clarify and bring transparency to credit scoring standards in the mortgage market. With calls by VantageScore, a credit scoring company owned by the three major credit bureaus, to retool the entire mortgage ecosystem to adopt new ... Read More »

AI and its Impact on Fintech

The Huffington Post published its view of how Fintech is embracing AI to stay ahead of the money lending game. Artificial intelligence, also known as AI, has taken the tech world by storm, allowing companies to cut costs, automate a variety of their processes, as well as boost their bottom line. AI-powered chatbots, specifically, are being used by companies big ... Read More »

HELLO SODA JOINS TRUNARRATIVE APP STORE

Hello Soda’s advanced data analytics platform will now be available through TruNarrative – a financial crime platform and decision engine used by banks, alternative finance, lenders, and gaming companies The valuable addition of Hello Soda via the TruNarrative App Store will increase the availability of solutions for TruNarrative users all through a single integration.   Using advanced machine learning and natural ... Read More »

Global Risk Analytics Market Current Trends and Forecast – 2025

The Global Risk Analytics Market was valued at USD 15.43 billion in 2016 and is projected to reach USD 57.10 billion by 2025, growing at a CAGR of 15.65% from 2017 to 2025.  The report provides detailed insights into the global market which is segmented on the basis of components, risk types, deployment models, verticals, and regions. In the risk ... Read More »

Verisk to Acquire PowerAdvocate

Acquisition positions Verisk as the leading provider of supply chain solutions to the global energy sector Verisk (Nasdaq:VRSK), a leading data analytics provider, has signed a definitive agreement to acquire PowerAdvocate, an industry-leading provider of market, cost intelligence, and supply chain solutions serving the energy sector. PowerAdvocate is based in Boston, Massachusetts. PowerAdvocate’s proprietary, one-of-a-kind spend and cost data is ... Read More »

Machine Learning a Route to Smarter Fraud Prevention

Use of machine learning to double amongst fraud professionals as they shift to smarter tactics New research launched recently by Callcredit Information Group found that the number of fraud professionals planning to use machine learning to tackle fraud in the next three years has doubled from 11% last year (2016) to 22% in 2017.  In comparison, the number planning to ... Read More »

Creditinfo and dataminingapps.com in Co-operation

Creditinfo and www.dataminingapps.com have agreed to work together to conduct research into the predictive nature of location and mobile call data to enhance the ability to increase access to credit for the unbanked. With more than 2 billion people in the world without formal banking and access to credit it is important innovative methods are found to introduce people to the formal sector. ... Read More »

Moody’s Acquires Rockport VAL, LLC

Moody’s Corporation announced that it has made a minority investment in Rockport VAL, LLC, a provider of cloud-based commercial real estate (CRE) valuation and cash flow modeling tools. Moody’s investment is intended to accelerate and broaden Rockport VAL’s product roadmap and drive its adoption among CRE market participants. In collaboration with Rockport VAL, Moody’s Analytics will expand its offering of CRE solutions, ... Read More »

ID Score® 9.5 Helps Companies Identify 20 Percent More Fraud

New Version of ID Analytics’ Fraud Score Uses Machine Learning to Improve Fraud Detection and Offers Rescoring Feature to Provide Alerts for Increased Risk on Approved Applications ID Analytics LLC, a leader in consumer risk management, has launched ID Score® 9.5, the latest version of the company’s advanced fraud score for new account applications. ID Score 9.5 leverages machine learning technology ... Read More »

Technology Giants Pose Major Threat to Banking Industry

Large technology companies like Amazon, Facebook, Google and Apple are a greater threat to traditional banking than fintech firms, according to a report from the World Economic Forum. Fintech start-ups have been the focus of a great deal of attention in the banking industry, as these firms have combined digital technology with advanced analytics to provide easy-to-use applications that have ... Read More »

Arvato Financial Solutions and Latentview Analytics Enter into a Partnership

Arvato Financial Solutions, a leading global financial services provider, has announced an agreement with LatentView Analytics, an internationally leading, award-winning analytics and decision sciences provider. The cooperation focuses on delivering services and solutions that help companies drive digital transformation of financial business processes and use data to gain a competitive advantage. As part of the agreement, the two parties will ... Read More »