Efcom and Lenvi Riskfactor (UK) have recently announced a strategic partnership aimed at revolutionising the receivables finance industry. Lenvi Riskfactor is recognised as a global pioneer in risk management software, utilised worldwide by receivables finance providers and asset-based lenders. The software assists in managing risks, curtailing fraud, and maximising efficiency. Over the past 20 years, Lenvi
Sepio, vendor of physical layer-based asset risk management solutions, announced on Tuesday a new investment, extending its series B funding. The investment, led by Tau Capital, will support the growing company’s customer-facing organizations needed to address an exceeding demand from tier-1 enterprises for Sepio’s solutions. It will also go toward allocating resources for Sepio’s recently
SymphonyAI has unveiled a cutting-edge Entity Resolution system designed specifically for the financial sector. This innovative solution tackles common industry issues such as duplicate records, inconsistent data quality, and fragmented information, which are often exploited by financial criminals. Here’s a closer look at what this system offers. The cornerstone of this technology is the ‘Single
Regulators slapped Citigroup (C) with $136 million in fines for failing to resolve long-standing deficiencies surrounding controls and risk management, a setback for CEO Jane Fraser as she tries to turn around the giant New York bank. The Federal Reserve and the Office of the Comptroller of the Currency announced the action late Wednesday, just
Space for rent inside of the Penn 2 building in New York City in May 2024. Vornado Realty Trust paused parts of its massive redevelopment plan to remake Penn Station last year after high interest rates and the shift to working from home triggered a crisis in the commercial real estate market.Stephanie Keith/Bloomberg While banks’
prasit2512 – stock.adobe.com Generative artificial intelligence holds a wealth of potential — and risk — for the mortgage industry, but despite the challenges, the developing technology is finding its place within company workflows. Some of the greatest potential for adoption lies in marketing uses. “Imagine if you Googled a topic, and then clicked through several
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