AI and credit scoring: How new technology is changing the landscape
Lenders’ assessment of creditworthiness is undergoing major changes thanks to artificial intelligence (AI) and machine learning. As these innovative technologies continue to evolve, they promise to greatly impact credit scoring and make accessing loans quicker and fairer. The Traditional Method of Credit Scoring The traditional FICO score has long been the standard for determining someone’s credit […]
Western Alliance Bank appoints Lynne Herndon as Chief Credit Officer
Western Alliance Bank today announced that Lynne Biggio Herndon has been appointed as the Bank’s new Chief Credit Officer. “We are excited to welcome Lynne to the Western Alliance team,” said Ken Vecchione, president and chief executive officer of Western Alliance Bank. “Her decades of experience managing complex credits and implementing sound risk management practices will […]
BlackRock Inc. to fully acquire Kreos Capital
BlackRock Inc. and Kreos Capital today announced a definitive agreement under which BlackRock will acquire full control of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries. The acquisition of Kreos adds to BlackRock’s position as a leading global credit asset manager and advances its ambitions […]
OrBit Markets executes first trades on newly launched DEX Aevo
OrBit Markets, the leading institutional liquidity provider in digital asset options and structured products, has executed its first trades on the newly-launched option decentralised exchange (DEX) Aevo OTC, run by Ribbon Finance. One of the trades was an option on popular alternative token Aptos with DeFi-focused hedge fund Re7. The trades highlight the growing demand […]
Lincoln Financial Group appoints Andrew D. Rallis as Chief Risk Officer
Lincoln Financial Group (NYSE: LNC) recently announced that Andrew Rallis will join the company on May 15, 2023 as Executive Vice President, Chief Risk Officer. Rallis will have independent oversight of all forms of risk across the company – including market risk, asset-liability management risk, investment and credit risk, product and insurance risk, operational risk […]
