How AI Is Redefining Risk Operations In Fintech

AI

From Torque To Talent: How AI Is Redefining Risk Operations In Fintech

When power drills and wrenches were introduced, mechanics didn’t disappear. They adapted. Physical strength was no longer the key to performance. Instead, technique, experience and torque ratings became the differentiators. This shift extended careers, reduced fatigue and made servicing faster and more cost-effective. More vehicles hit the road, and more service centers opened to maintain them.

Now, imagine that same transformation in lending, mortgage and risk operations.

Ryt Bank partners Provenir for AI risk decisioning

Ryt Bank received its digital banking licence in Malaysia last December and is gearing up to initiate a full-scale launch of its app-based offering.

Venture Capital

Lightyear fintech platform secures funding for expansion

The Lightyear investment platform allows users to trade in stocks, exchange-traded and money market funds. Lightyear operates at present in 25 countries, and hopes to expand into five more on the back of the latest investment.

German FinTech platform Credibur secures €1.85 million for novel private credit infrastructure

Berlin-based FinTech Credibur has secured €1.85 million in pre-Seed funding to emerge from stealth and launch its credit infrastructure platform that automate debt facilities between non-bank lenders and institutional capital providers.

Dispute management software provider Quavo raises $300m from Spectrum Equity

As part of the transaction, FINTOP Capital, which led Quavo's $6 million Series A in 2021, is selling its ownership stake in the US-based company.

Policy

Implications of Deregulating AI in Fintech: Analyzing the Impact on Crypto

The removal of DEI standards from AI models in fintech is a big deal. It’s not just a minor tweak, but a move that could have far-reaching consequences. The absence of these standards means that AI systems may continue to echo the biases that are already out there, leading to discriminatory practices in things like credit scoring and loan approvals. The last thing we need is for marginalized groups to get the short end of the stick in financial services, right?

Digital Banking

Deutsche Bank Partners with Bolt for European Card Acquiring

Deutsche Bank to provide regulatory framework for mobility platform's payment processing through Silverflow infrastructure across Europe and UK

Finder Earn Compliant with Financial Law, Australian Federal Court rules

Australia’s Federal Court ruled Finder’s Earn product is not a financial instrument, defeating ASIC’s appeal in a major win for the country’s fintech sector.

MTN Uganda Approves MoMo Separation in Strategic Fintech Move

MTN Group has announced an important development in the delivery of its Ambition 2025 strategy with the approval by shareholders of MTN Uganda of the structural separation out of MTN Mobile Money (U) Limited. The strategic intent of Ambition 2025 is ‘leading digital solutions for Africa’s progress. The separation across MTN operations of the fintech and MoMo businesses from the GSM businesses aims to drive accelerated scale, efficiency and better service delivery to customers.

Open Banking

Crypto, fintech lobbies urge Trump to defend open banking amid big banks' legal challenge

A coalition of trade groups warns of legal threats to U.S. open banking, urging Trump to uphold consumer financial data rights.

Technology

What tools are available to modern-day fintech employees?

Working in fintech often demands a range of versatile tools to promote efficiency and collaboration. Here are some of the most useful.

Navigating the Hidden Complexity of Simple Fintech Products

Fintech apps may seem simple, but behind the scenes is a complex web of legacy infrastructure, regulations, security protocols and risk trade-offs. Here’s how PMs can navigate it.