Brighterion
blog
Category: Issuer risk
2023 financial fraud outlook: How AI can combat new and upcoming schemes
Major industry players like Google and Amazon, as well as upstarts like OpenAI, released cutting-edge innovations that capitalized on AI’s revolutionary potential in 2022. But AI-powered security applications — which can detect transaction fraud, develop [...]
Are you losing potential good customers with outdated loan underwriting and insufficient data?
Increasing demand for credit requires automated underwriting As demand for credit increases, the Federal Reserve Bank of NY (NY Fed) reports a high number of credit applications by those with low credit scores is resulting [...]
5 key insights from “Leveraging real-time data to mitigate credit risk” webinar
The ongoing impacts of COVID-19 require lenders to continue to adapt their credit risk strategy. The vaccine rollout initially had a positive economic impact, however, the Delta variant put a damper on any ideas of [...]
COVID-19 caused a surge in e-commerce and payments fraud: how AI prevention solutions help
When COVID-19 stay-at-home orders and social distancing measures came into effect, increased numbers of consumers quickly moved to online shopping and payments services. As a result, transaction-level e-commerce fraud also increased along with the millions [...]
From mortgage forbearance to ongoing credit risk management: AI helps FIs prevent loss
U.S. household debt is almost $15 trillion and two-thirds of that is mortgage debt. Pandemic-related unemployment, high inflation and natural disasters increase lenders’ credit risk. With two million household mortgages in forbearance resulting from pandemic [...]