Latest Credit risk News: Finextra Research

Frankfurt claims $800bn in assets will move from London after Brexit

Between €750-800bn in assets will move from London to Frankfurt as a result of a Brexit-led exodus of banks from the UK.

29 November 2018

Company update/Credit risk

Delta Capita acquires Pall Mall Risk Reduction

Delta Capita, the international business & technology consulting and managed services firm, has announced its acquisition of Pall Mall Risk Reduction a London-based consultancy specialising in non-financial and conduct risk management for Banks and Investment firms.

26 November 2018

News/startups

BBVA-backed startup helps Americans fix inaccurate credit reports

Upturn, a US startup incubated by BBVA, has officially launched, offering a free online tool that simplifies and streamlines the process of disputing inaccuracies on people's credit reports.

15 November 2018

News/security

eBay’s AI algorithm proves good behaviour analysis is key to identifying credit card fraud

A report published by two eBay executives reveals that the online flea market's new AI algorithm can identify 40% of credit card fraud transactions with high precision, a significant finding for a sector relying on tech-based detection techniques.

08 November 2018

Company update/Credit risk

TP Icap partners with Credit Benchmark to improve credit pricing accuracy

TP ICAP, the world’s largest interdealer broker, is today announcing that its Data & Analytics (D&A) division is embarking on a new partnership with analytics company, Credit Benchmark.

01 November 2018

Company update/retail

Envestnet | Yodlee launches risk insight tool

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced Envestnet | Yodlee Risk Insight for Pre-Qualification reports.

23 October 2018

Company update/Credit risk

Finastra collaborates with Collenda to provide loan application and management in Germany

Finastra today announced its collaboration with Collenda (formerly ABIT Group), a German software and consulting firm specialising in credit, debtor and debt management.

18 October 2018

Company update/regulation

FCA warns payday lenders on credit risk

The FCA has today (15 October) issued the following letter to lenders offering high-cost short-term credit (payday lenders)

15 October 2018

Company update/Credit risk

ICC Banking Commission signs partnership with Global Credit Data to boost scope of Trade Register

The International Chamber of Commerce (ICC) Banking Commission has announced a longterm agreement with Global Credit Data (GCD), an association owned by banks and home to the world's largest database of bank defaults, to strengthen analysis within the marketleading ICC Trade Register.

08 October 2018

Company update/Credit risk

Prodigy Finance raises $1bn in debt financing

Prodigy Finance, the pioneer in cross-border finance, announces that it has raised US$1 billion in the last twelve months in available debt financing (“financing”).

24 September 2018

Company update/Credit risk

Sageworks rolls out loan automation tool

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced the launch of the Sageworks Loan Automation tool to help financial institutions increase the speed and ease of their lending processes.

18 September 2018

Company update/Credit risk

Sageworks Insights launches

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced the rollout of Sageworks Insights.

17 September 2018

Company update/Credit risk

KPMG acquires a minority stake in fintech startup AdviceRobo

KPMG acquires a minority stake in AdviceRobo, a Dutch fintech startup developing technology that predicts financial risk of people and companies taking out loans. To predict risk, the company applies artificial intelligence(AI) on non-financial data including the behavior of potential borrowers.

14 September 2018

Company update/Credit risk

Bank of the Pacific picks Sageworks

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced that Bank of the Pacific has chosen to partner with Sageworks to propel commercial loan activity and mitigate portfolio risk.

28 August 2018

Company update/Credit risk

Seedrs and Republic strike transatlantic crowdfunding alliance

Today, Europe’s leading equity crowdfunding platform Seedrs announces a strategic partnership with U.S. platform Republic.

28 August 2018

Company update/Credit risk

Cofco International picks Quantifi to monitor credit and counterparty risk

Quantifi a provider of risk, analytics and trading solutions, today announced it has been selected by Cofco International, a world-class integrated global agribusiness, to help monitor, manage and report their credit & counterparty risk.

19 July 2018

Company update/Credit risk

AsiaCollect closes funding round

AsiaCollect, a pioneer in providing integrated Credit Management Services (CMS) in Southeast Asia, has raised USD4.5 million to date after closing its recent investment round led by global technology investment firm SIG Asia Investments.

05 July 2018

Company update/Credit risk

Cobalt unveils low latency credit management platform for FX market participants

Cobalt, the shared back and middle office FX infrastructure provider, has unveiled its innovative credit management platform that significantly reduces risk for FX market participants.

27 June 2018

News/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.

22 June 2018

News/Credit risk

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.

06 June 2018