Equifax Canada Launches Final Stage of Cloud Transformation with Borrowell
- 2 years 5 months ago
- Credit Risk
Equifax Canada officially launched the final stage of its cloud transformation with the migration of key partner Borrowell Inc.’s products and services to the new Equifax Cloud™. The result of Equifax, Inc.’s $1.5 billion technology and security transformation, the Equifax Cloud is a world-class enterprise-wide infrastructure tailored to highly regulated data workloads.
HSBC Counterparty Credit Risk and Valuation Adjustments on Google Cloud Case Study
- 2 years 6 months ago
- Cloud, Credit Risk
HSBC: Driving breakthrough compute capacity and speed with Dataflow running on Google Cloud HSBC delivers new counterparty credit risk (CCR) and derivative valuation adjustment (XVA) engine with in-house built analytics library NOLA 2.0, powered by Google Cloud. The cloud-native risk management solution boosts calculation speed 10x by combining Graph Theory from Mathematics and Dataflow Elastic compute from Google Cloud. Future-proofing risk... more
DirectID Bolsters Commercial Team With Key Industry Hires
- 2 years 7 months ago
- Risk Management, Credit Risk
Global credit and risk platform DirectID announces seven new hires to their commercial team as they eye expansion into new markets. The move follows the completion of a $3M bridge funding round led by Hong Kong based venture capital firm QBN Capital.
Elucidate Launches Industry-first Product for Pricing Financial Crime Risk
- 2 years 9 months ago
- Risk Management, Credit Risk
Elucidate, the financial crime risk scoring company, has launched a standardised, transparent product for pricing financial crime risk, which it says will provide fairness and comparability within the market.
Bloomberg Launches Market-Driven Daily Credit Risk Indicator
- 3 years 2 months ago
- Risk Management, Credit Risk
Bloomberg today announced its Market-Implied Probability of Default (MIPD) product, a fully market-driven creditworthiness indicator, is now available to both Enterprise Data and Bloomberg Terminal clients globally. MIPD enables clients to easily incorporate creditworthiness metrics within their existing workflows for a more holistic approach to credit risk management.
BPL Global Launches Market-Leading Portfolio Management Tool for Credit and Political Risk Insurance Clients: BPL Sphere
- 3 years 3 months ago
- Risk Management, Credit Risk
BPL Global, specialist Credit and Political Risk Insurance (CPRI) broker, has further consolidated its position as the resident expert in the CPRI market with the release of its latest innovation, BPL Sphere – a new platform designed to give clients full and immediate visibility to their CPRI portfolio and exposures across their global operations.
TransUnion Joins Provenir Marketplace to Help Businesses Accelerate Credit Risk Decisions
- 3 years 6 months ago
- Security, Data, Credit Risk
Provenir, a global leader in risk decisioning and data analytics software, today announced that TransUnion (NYSE: TRU) has joined the Provenir Marketplace. The Provenir Marketplace platform provides organizations with a one-stop data hub for easy access to data covering open banking, KYC/KYB, fraud prevention, credit risk, verifications, social media, collections, affordability and more.
New Partnership Between 4most and IE Hub to Support Millions of Vulnerable People Facing Financial Difficulties Amidst Pandemic
- 3 years 6 months ago
- Credit Risk
Leading risk analytics consultancy, 4most, has announced its investment and partnership with innovative fintech, IE Hub, as part of a strategic drive to better serve the millions of people across the country who are currently facing financial difficulty. The collaboration brings together 4most’s extensive risk and analytical expertise and IE Hub’s intelligent platform capabilities, to deliver invaluable benefits to credit providers, while... more
Spotex Clients Access Cobalt’s Dynamic Credit Solution
- 3 years 8 months ago
- Credit Risk
Cobalt, a multi-award-winning provider of FX and Digital Asset risk and settlement infrastructure, has partnered with Spotex, the developer of FX technology solutions, to provide clients with dynamic credit management tools. Through the partnership Cobalt’s Risk Hub will be available for clients of Spotex’s FX electronic communication network (ECN).
Provenir Announces Expansion into Turkey with Gini Finance Partnership
- 3 years 10 months ago
- Credit Risk
Provenir, a leader in risk decisioning and data analytics software, today announced a new partnership with Istanbul-based consultancy firm, Gini Finance, to support further market expansion in Turkey. The partnership will empower Turkish banks, fintechs and financial services organizations to incorporate industry-leading decisioning software in a bid to propel their move to digitize customer onboarding and enhance their credit risk processes.
Jaywing Completes IFRS 9 Model Framework For Starling Bank’s CBILS Portfolio
- 4 years 1 month ago
- Lending, Credit Risk
Jaywing has completed its work with Starling Bank to deliver an IFRS 9 modelling framework for the calculation of IFRS 9 Expected Credit Losses on the Coronavirus Business Interruption Loan portfolio. Following appointment in June, Jaywing has built a data-driven model with flexibility, pragmatism and expert judgement to facilitate the provision of government-backed loans to support small businesses affected by coronavirus (Covid-19) with... more
UK fintech Wiserfunding enters India
- 4 years 2 months ago
- Credit Risk
UK based fintech Wiserfunding announced its entry into India, launching its Artificial Intelligence (AI) backed cloud-based credit risk assessment tool targeted for small and medium enterprises (SMEs). Wiserfunding arrives at a time when SMEs across India are struggling due to the COVID-19 impact and the available models in the lending sector are not specific to SMEs, are largely non-technology based and have low prediction accuracy.
Kroll adds consumer credit monitoring to suite of UK data breach notification services
- 4 years 2 months ago
- Security and Compliance, Data, Risk Management, Credit Risk
Kroll, a division of Duff & Phelps, a global leader in risk mitigation, investigations, compliance, cyber resilience, security and incident response solutions, today announced that it now offers credit monitoring services as part of its suite of identity and fraud protection solutions available to UK companies responding to a data breach.
B-North partners with Wiserfunding for SME credit risk assessment
- 4 years 3 months ago
- Credit Risk
B-North, the firm building an SME lending bank for the UK, has chosen Wiserfunding as its risk grading partner. This key element of B-North’s underwriting strategy will help the lender become more confident when assessing the credit profile of SMEs and, consequently, turn customer cases around faster and more accurately than other market participants – whilst also supporting B-North underwriters to make better informed lending decisions.
Bankers cite credit risk as the top concern in Wolters Kluwer’s Basel IV survey
- 4 years 3 months ago
- Credit Risk
There is a general consensus among bankers as to which challenges posed by the Basel III finalization reforms (commonly referred to as Basel IV) are most acute, with credit risk identified as the biggest challenge, and of the need to use the data generated to make their institutions more efficient and profitable.
