Your Virtual Credit Manager

AUGUST 27, 2024

Just 25 years ago, credit executives were primarily concerned with financial risks — except of course for the Y2K bug that briefly stole the spotlight. Delinquency risk and the risk of default were the primary focus. Do you need help assessing customer credit risks? Is their data secure?

Accounts Receivable (AR) 100

Accounts Receivable (AR) Credit and Collections Default Cybersecurity 100

Biz2X

OCTOBER 1, 2024

But change always comes with risk, and the evolution of lending brings a set of emerging risks that financial institutions must take proactive steps to address in order to maintain the stability and integrity of their digital lending ecosystems.

Cybersecurity 52

Cybersecurity Credit Scoring Credit Risk Default 52

Gaviti

FEBRUARY 6, 2023

From marketing automation to cybersecurity to customer support, businesses are applying automation in a variety of creative ways. Credit check and risk analyses, which offer a concrete way to determine which clients are most at risk of defaulting on payment terms. Accounts receivable is no exception.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Biz2X

JULY 25, 2023

The use of data analytics and AI-powered algorithms enables banks to assess credit risk more accurately, resulting in better credit decisions and reduced default rates. Automation of routine tasks expedites loan approvals and disbursements, reducing the turnaround time for borrowers and enhancing overall efficiency.

Default 52

Default Cybersecurity Credit Unions Credit Risk 52

Abrigo

MAY 8, 2024

Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. Abrigo Small Business Lending Intelligence powered by Charm provides loan rating risk scores, the probability of default, and how the score was calculated.

Credit Unions 88

Credit Unions Cybersecurity CECL Credit and Collections 88