Deductions occur when buyers fail to pay manufacturers the full price for their products as listed on their invoices, and they may occur for several reasons. Buyers could receive damaged or defective products, for example, or they may have received more inventory than they purchased....
Treasurers are facing an uphill battle in supporting their organizations’ long-term growth strategy. While they must face the expected challenges of competition and changing consumer expectations for user experience, they must also deal with an entirely new landscape of risk. From geopolitical unrest to public...
Fraudsters aren’t contained to a 9-to-5 workday, and they’re not off on holidays and weekends. Instead, they’re working all hours of the day and night. “So from that perspective, you need to have a solution that, if there is something that goes bump in the...
Using alternative data to underwrite business loans to small- to medium-sized businesses (SMBs) isn’t new, whether pulling from social media or using other nontraditional means. Now, artificial intelligence (AI) is expanding the universe of alternative data sources — from bill pay history to community standing...
Today’s corporate treasurers are more than financial guardians. They must frequently help their organizations plot their way around the uncertainty of variable economic cycles that strain both their ability to predict and mitigate financial risk. Enter “smart treasury” — an approach to the role of...
Moody’s Corporation and BitSight announced a collaborative effort aimed at helping the companies’ customers identify and quantify cybersecurity risk and potential for financial exposure, according to a Monday (Sept. 13) press release. As part of the joint effort, Moody’s will invest $250 million in BitSight,...
Swiss bank Credit Suisse said on Friday (Aug. 13) it wants to add two risk experts to its non-executive board in the wake of a pair of recent scandals. Credit Suisse lost $5.5 billion as it tried to undo trades by family office Archegos and...
The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to work in a world on lockdown due to the pandemic. But as Avant CEO Matt Bochenek told Karen Webster in a...
Insurance company Porto Seguro is partnering with artificial intelligence (AI) technology firm Brighterion to manage credit risk and enhance customers’ experiences, the companies said in a press release Wednesday (May 26). Brighterion, a Mastercard company, has AI solutions that help pinpoint credit risk earlier in...
