Credit risk

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/Credit risk

Trainee trader sues UK broker for £10m over trading platform mix-up

A French day trader is suing UK broker Valbury Capital after it voided the €10m profit he had accrued using what he thought was a demo version of its trading software but which turned out be a live account.

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ECB's Hakkarainen warns on IT outsourcing risks

As the digitalisation of banking gathers pace, outsourcing of key IT services to third parties poses an increasing risk to the sector, warns a senior European Central Bank figure.

/Credit risk

Banco BNI Europa picks Alterest for loan data management

Banco BNI Europa, a leading digital bank, and Alterest, an innovative loan data and intelligence platform, publicly announced today their partnership to streamline investment analytics and risk management between the bank and its credit originating partners.

/Credit risk

Fico and Equifax join forces to help banks make better lending decisions

As the UK’s Financial Conduct Authority pursues measures to stop consumers becoming trapped by persistent debt, two industry leaders in credit risk management have joined forces to help lenders make better lending decisions.

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Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

/Credit risk

Instantor Insight uses machine learning to assess credit risks

Today Instantor, the Swedish fintech company making financial decisions easy, announces Insight.

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Sageworks bought by PE firm Accel-KKR

Sageworks, an old-school fintech that provides lending, credit risk and portfolio risk technology to US financial institutions, has been acquired by private equity firm Accel-KKR. Financial terms were not disclosed.

/Credit risk

RSU selects GoldenSource to provide market data backbone

GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the risk and banking industry, announced today that Munich based RSU Rating Service Unit GmbH & Co. KG has chosen its Market Data Solution.

/Credit risk

Peoples State Bank partners Sageworks for digital transformation

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced that Peoples State Bank selected the Sageworks Banking Platform to boost efficiency and scalability of its commercial lending and allowance calculation processes.

/Credit risk

Credit card startup Deserve closes $50m credit facility

Deserve, the first credit card designed for Generation Z with the goal of granting more Americans access to fair credit products and a path to financial independence, today announced it has raised $50 million in debt financing from Keystone National Group to fuel growth in account receivables and help jumpstart first-time credit owners’ financial journeys.

/Credit risk

Billtrust buys Credit2B

Billtrust, the leader in B2B payment cycle management, today announced the acquisition of Credit2B, a pioneer in trade credit risk.

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Finastra blockchain-based tool for syndicated lending market goes live

Finastra has made its blockchain-based Fusion LenderComm tool for firms operating in the syndicated lending market commercially available as an app on R3's Corda platform.

/Credit risk

Secure Trust Bank selects Jaywing to streamline commercial IFRS 9 processes

Credit risk analytics expert, Jaywing, has just announced a new partnership with Secure Trust Bank.

/Credit risk

TransUnion to acquire the UK's Callcredit for £1 billion

TransUnion (NYSE: TRU) announced today its agreement to purchase Callcredit Information Group, Ltd., the second largest and fastest growing consumer credit bureau in the U.K., headquartered in Leeds.

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Sageworks revamps platform

Sageworks, a Raleigh, N.C., headquartered firm that offers lending, credit risk and portfolio risk solutions to U.S. financial institutions today announced the sweeping enhancements the company will launch later this month.

/Credit risk

ICICI Bank is first in India to go live on Swift's gpi service

SWIFT announces today that ICICI Bank is the first bank in India to go live with its global payments innovation service.

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Silver Lake buys $500m stake in Credit Karma

Private equity firm Silver Lake is buying a $500 million stake in personal finance technology outfit Credit Karma from existing investors.

/Credit risk

Danish online lender basisbank to implement Fico Blaze Advisor

Basisbank, an online lender in Scandinavia, will control credit risk and accelerate its digital transformation using FICO decision management technology, analytic software provider FICO announced today.

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RBL Bank partners with CreditVidya for instant Employment Verification

RBL Bank, one of India’s fastest growing private sector banks, has partnered with CreditVidya, India’s leading fintech firm providing alternate data credit underwriting solutions to over 25 premier financial institutions.

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Canada completes first milestone on payments modernisation program

Payments Canada, the country’s financial market infrastructure for payments, is implementing a new credit risk model for the country’s retail payment system, effective March 12, 2018.