Latest news with #creditrisk
Yahoo
20 hours ago
- Business
- Yahoo
Ryt Bank, The World's First AI-Powered Bank, Selects Provenir for AI Risk Decisioning
Provenir's AI Decisioning Platform will support real-time credit risk assessment, personalized consumer loan approvals and automated compliance checks PARSIPPANY, N.J., July 23, 2025--(BUSINESS WIRE)--Provenir, a global leader in AI risk decisioning software, today announced it has partnered with Ryt Bank – The World's First AI-Powered Bank – to embolden the company's innovation and mission to deliver banking done right with speed, simplicity, and innovation. Ryt Bank has selected the Provenir AI Decisioning Platform to power faster credit decisions and more personalized customer offers for its consumer lending products. As a newly licensed digital bank, Ryt Bank aimed to rapidly launch a consumer lending product that aligns with its AI-first approach. The challenge was to implement a decisioning infrastructure capable of delivering instant, personalized loan approvals while ensuring compliance with regulatory standards and risk management best practices. Ryt Bank selected Provenir's AI Decisioning Platform to support real-time credit risk assessment for instant loan approvals, and for its ability to surface data insights for personalized loan offers based on AI-driven customer profiling. Provenir will also play a crucial role in automating compliance checks to meet regulatory requirements while providing continuous learning models to adapt to changing market dynamics. Finally, Provenir will support fast, accurate decisions to elevate the customer experience, supporting Ryt Bank's mission to deliver smarter, faster finance and create meaningful impact for all Malaysians. "Ryt Bank is taking digital banking to a new level with its AI-first approach and we are excited to be a part of its journey," said Kavinesswaran Karthigasan, Head of APAC, Provenir. "Our AI Decisioning Platform will provide the foundation for Ryt Bank to help reach its business goals via AI-driven decisioning that meets customer expectations for near instant approvals and highly personalized digital interactions." About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually. View source version on Contacts Media Contact: Kelly PoffenbergerLutz Public Relations and Marketing (for Provenir)kelly@ 714.553.9071
Yahoo
14-07-2025
- Business
- Yahoo
Is Capital One a Buy Now That It Has Bought Discover?
Capital One has just completed the acquisition of Discover. The company is now a much larger entity with a more diversified business. Capital One is still exposed to more credit risk than many of its peers. 10 stocks we like better than Capital One Financial › Capital One Financial (NYSE: COF) is a large U.S. bank, but one that has a slightly different focus than many of its peers. That's both good and bad, depending on how you look at it and depending on the state of the economy. Here's why some investors might want to avoid Capital One while others might find it even more attractive now that it has completed the acquisition of Discover. From a big-picture perspective, Capital One is a bank and does a lot of normal bank things, like offering bank accounts and checking accounts. However, Capital One is unique in its focus on offering credit to lower-credit-quality customers. That includes both credit cards and, to a lesser degree, car loans. Lending to lower-credit-quality customers can be very profitable. These customers often lack access to other alternatives and, thus, Capital One can charge them more for the products it offers. In addition, these customers tend to carry a balance more often than customers with higher credit quality, which results in Capital One having a greater opportunity to earn interest income. The addition of Discover, meanwhile, extends Capital One's business. Before, it simply offered cards from other transaction processors, notably Visa and Mastercard. Now it can offer its own cards, which allows it to collect the processing fees every time a customer uses a Discover card. Those fees, while small on a per transaction basis, add up to very large numbers. And the fees tend to be fairly reliable even during economic downturns, like recessions. All in, adding Discover to Capital One's banking business has likely made the company more attractive. It should provide a reliable foundation for the more volatile credit and car loan businesses the company operates. That said, in the first quarter of 2025 the company's allowance for credit losses was reduced, hinting that the company's customers are doing fairly well right now. It would seem like Capital One is hitting on all cylinders today. The problem here is that, even after the Discover purchase, Capital One's business still leans heavily on lower-credit-quality customers. When times are good, focusing on these customers can seem like a huge win, until it isn't anymore. These are the customers that tend to have the biggest problems paying their bills when economic conditions weaken. Buying a stock when everything is going well only makes sense if you are getting a good price, which doesn't appear to be the case right now. Notably, Capital One's price-to-sales, price-to-earnings, and price-to-book value ratios are all above their five-year averages. The dividend yield is 1.1%, which is at the low end of the yield range over the past decade. In other words, you are paying a premium price for Capital One stock during the good times. Capital One has deftly managed through past recessions, and it will likely do so again. However, as famed value investor Benjamin Graham has said, even a good company can be a bad investment if you pay too much for it. Most investors will probably be happier if they put Capital One on their wish list and buy when the business is muddling through a recession. That's true even though it appears to have improved its business model with the acquisition of Discover. Before you buy stock in Capital One Financial, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Capital One Financial wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mastercard and Visa. The Motley Fool recommends Capital One Financial. The Motley Fool has a disclosure policy. Is Capital One a Buy Now That It Has Bought Discover? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
14-07-2025
- Business
- Globe and Mail
Is Capital One a Buy Now That It Has Bought Discover?
Key Points Capital One has just completed the acquisition of Discover. The company is now a much larger entity with a more diversified business. Capital One is still exposed to more credit risk than many of its peers. 10 stocks we like better than Capital One Financial › Capital One Financial (NYSE: COF) is a large U.S. bank, but one that has a slightly different focus than many of its peers. That's both good and bad, depending on how you look at it and depending on the state of the economy. Here's why some investors might want to avoid Capital One while others might find it even more attractive now that it has completed the acquisition of Discover. What does Capital One Financial do? From a big-picture perspective, Capital One is a bank and does a lot of normal bank things, like offering bank accounts and checking accounts. However, Capital One is unique in its focus on offering credit to lower-credit-quality customers. That includes both credit cards and, to a lesser degree, car loans. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Lending to lower-credit-quality customers can be very profitable. These customers often lack access to other alternatives and, thus, Capital One can charge them more for the products it offers. In addition, these customers tend to carry a balance more often than customers with higher credit quality, which results in Capital One having a greater opportunity to earn interest income. The addition of Discover, meanwhile, extends Capital One's business. Before, it simply offered cards from other transaction processors, notably Visa and Mastercard. Now it can offer its own cards, which allows it to collect the processing fees every time a customer uses a Discover card. Those fees, while small on a per transaction basis, add up to very large numbers. And the fees tend to be fairly reliable even during economic downturns, like recessions. Capital One is better positioned today All in, adding Discover to Capital One's banking business has likely made the company more attractive. It should provide a reliable foundation for the more volatile credit and car loan businesses the company operates. That said, in the first quarter of 2025 the company's allowance for credit losses was reduced, hinting that the company's customers are doing fairly well right now. It would seem like Capital One is hitting on all cylinders today. The problem here is that, even after the Discover purchase, Capital One's business still leans heavily on lower-credit-quality customers. When times are good, focusing on these customers can seem like a huge win, until it isn't anymore. These are the customers that tend to have the biggest problems paying their bills when economic conditions weaken. Buying a stock when everything is going well only makes sense if you are getting a good price, which doesn't appear to be the case right now. Notably, Capital One's price-to-sales, price-to-earnings, and price-to-book value ratios are all above their five-year averages. The dividend yield is 1.1%, which is at the low end of the yield range over the past decade. In other words, you are paying a premium price for Capital One stock during the good times. Look out when the bad times come Capital One has deftly managed through past recessions, and it will likely do so again. However, as famed value investor Benjamin Graham has said, even a good company can be a bad investment if you pay too much for it. Most investors will probably be happier if they put Capital One on their wish list and buy when the business is muddling through a recession. That's true even though it appears to have improved its business model with the acquisition of Discover. Should you invest $1,000 in Capital One Financial right now? Before you buy stock in Capital One Financial, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Capital One Financial wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor 's total average return is1,047% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025
Globe and Mail
09-07-2025
- Business
- Globe and Mail
WSFS Names Frank McGrane, Executive Vice President, Chief Credit Officer
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Frank McGrane as Executive Vice President, Chief Credit Officer (CCO). He will report to Christine Davis, Executive Vice President, Chief Risk Officer. This press release features multimedia. View the full release here: WSFS Bank names Frank McGrane as Executive Vice President, Chief Credit Officer. 'Frank's decades of experience with credit risk and lending make him a natural fit to oversee WSFS' credit exposures,' said Davis. 'He will play a critical role as WSFS continues to grow and build upon its strong foundation.' McGrane's responsibilities as CCO include oversight and administration of WSFS Bank's commercial, consumer and other credit exposures as well as loan policies and procedures. McGrane most recently served as WSFS' Deputy Chief Credit Officer and will be taking over for Liam Brickley, who is retiring. 'WSFS Bank's credit team works alongside our bankers to serve the ever-changing needs of our clients and communities,' said McGrane. 'I look forward to building upon that legacy as our capabilities continue to expand.' Frank McGrane brings nearly forty years of banking experience in middle market and corporate relationship management, portfolio management and credit risk administration. Over McGrane's career, he has held steadily increasing leadership positions across several financial institutions including Citizens Bank, Mellon Bank, Chemical Bank New Jersey and Irving Trust Company. McGrane holds an MBA from the University of Notre Dame and studied computers and information systems while at King's College. He is a member of the Risk Management Association and does volunteer work with Covenant House of Pennsylvania, The Friends of Radnor Library, Cradles to Crayons and the Notre Dame Club of Philadelphia. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2025, WSFS Financial Corporation had $20.5 billion in assets on its balance sheet and $89.6 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust ®, The Bryn Mawr Trust Company of Delaware, Cash Connect ®, NewLane Finance ®, WSFS Wealth Management, LLC, WSFS Institutional Services ®, WSFS Mortgage ®, and WSFS Wealth ® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Velocity Commercial Capital Securitization Ratings Affirmed and Upgraded by Kroll Bond Rating Agency
Velocity Financial, Inc. (NYSE: VEL), ('Velocity' or the 'Company'), a leader in investor real estate loans, today announced that Kroll Bond Rating Agency ('KBRA') has reviewed the ratings on 26 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC, ('VCC') resulting in 344 rating affirmations and 14 rating upgrades of the underlying tranches. These ratings actions occurred in conjunction with KBRA's completion of a comprehensive surveillance review. KBRA's rating affirmations reflect 'generally stable collateral and structure performance, as evidenced by increased credit support for the rated classes and minimal losses since issuance.' The rating upgrades considered each bond's increased credit support compared to KBRA's updated loss expectations and positive performance trends in the underlying loan pool since issuance. Cumulative loss levels in Velocity's outstanding securitizations ranged from 0.00% to 0.58%, with 13 of 26 VCC outstanding securitizations experiencing no losses since issuance. 'The strong and consistent performance of Velocity's securitizations continues to drive positive ratings momentum,' said Jeff Taylor, Executive Vice President of Capital Markets. 'Velocity prioritizes strong alignment with investors by retaining credit risk in our securitizations. Our differentiated performance stems from our underwriting discipline and proprietary loss mitigation strategies that result in consistently minimal cumulative losses as we grow our portfolio.' About Velocity Financial, Inc. Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers it has built and refined over 21 years. For additional information, please visit the Company's investor relations website at
