underwriter-productivity

How to Boost Underwriter Productivity and Gain Greater Visibility over Risk

Increasing efficiency without compromising quality. According to the Institute of Management & Administration, costs are 20 times higher in low automation processing environments. Every time a merchant application is returned this pushes back cash flow by days or even weeks. Almost two-thirds of merchant applications received by underwriting departments require additional input due to either…

small-business-leverage

Why Small & Medium Enterprises Fail to Leverage Technology in Their Risk Process

What SME’s can learn from Fortune 500 risk processes For SME’s, cloud-based productively tools are the second most important service after email, revealed a study by Compass Intelligence. Yet only one third of small and medium enterprises currently use cloud computing. These results may come as no surprise, and although distributed computing has democratized software…

5 Key Highlights from #TRANSACT2015

The TRANSACT 2015 conference, held by the Electronic Transactions Association from March 31 – April 2, united payments and finance technology industry leaders in San Francisco. The largest conference in the ETA’s history, TRANSACT kicked off the show with big names in payments from VISA, AliPay, and First Data. The resounding message from the keynotes…

KYC-compliance

Why Rapid Customer Onboarding should be the first step in building your KYC compliance architecture

It is common knowledge among financial institutions that there are great risks associated with incorrectly obtaining and maintaining client KYC information. Companies can face enormous monetary fines and risk losing professional licenses if the strict, continually evolving standards are not met. Just this past January Standard Bank was fined £7.64M for failing to comply with…

Meet the Experts, KYC, Underwriting, Financial Review, and Communication at the Merchant Acquirers Committee 2014

Automated Underwriting, KYC, AUP and Financial Review Expert Panel at the Merchant Acquiring Committee 2014 [Live Blog – Part 1]

UPDATE: Check out the slides from Reed Clayton’s segment of the panel presentation on “How To Build an Underwriting Team That Scales”. When 80% of applications can be automatically underwritten via smart process applications and integrated data verification and information services, your underwriting team can focus on what matters most: exceptions and high risk applications.…